Core Viewpoint - The company, Yingweike, is actively expanding its presence in the energy storage thermal management sector, leveraging its liquid cooling technology to enhance its product offerings and has already applied these products in several energy storage projects [2] Group 1: Company Developments - Yingweike has established capabilities in liquid cooling technology relevant to energy storage applications [2] - The company has indicated that its products are already being utilized in certain energy storage projects [2] - The expected revenue from energy storage applications in the first half of 2025 is approximately 800 million yuan, representing a year-on-year growth of about 35% [2]

届时公司管理层将在线就公司业绩、公司治理、发展战略、 经营状况和可持续 发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告。 深圳市英维克科技股份有限公司 董事会 证券代码：002837 证券简称：英维克 公告编号：2025-057 深圳市英维克科技股份有限公司 关于参加 2025 年度深圳辖区上市公司集体接待日活动 的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，深圳市英维克科技股份有限公司（以下简 称"公司"）将参加由深圳证监局指导和中证中小投资者服务中心指导、深圳上市 公司协会与深圳市全景网络有限公司联合举办的"2025 年度深圳辖区上市公司集体 接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参 与本次互动交流，活动时间为 2025 年 11 月 20 日（周四） 14:30-17:00，其中 公司与投资者互动的时间为 15:40-17 ...

沪指本周下跌0.18%，深成指下跌1.40%，创业板指下跌3.01%，沪深300指数下跌1.08%。可交易A股 中，上涨的有3059只，占比56.20%，下跌的2337只。 资金面上，本周主力资金合计净流出2034.17亿元。其中，创业板主力资金净流出593.82亿元；科创板主 力资金净流出204.35亿元；沪深300成份股主力资金净流出763.25亿元。 本周主力资金流向概况（单位：亿元） | 日期 | 深沪两市 | 创业板 | 科创板 | 沪深300 | | --- | --- | --- | --- | --- | | 一周合计 | -2034.17 | -593.82 | -204.35 | -763.25 | | 11月14日 | -813.21 | -237.31 | -65.90 | -330.24 | | 11月13日 | 244.71 | 56.69 | -7.82 | 111.98 | | 11月12日 | -588.97 | -140.42 | -38.87 | -150.04 | | 11月11日 | -562.42 | -137.25 | -34.33 | -272.00 | | 1 ...

Core Viewpoint - The company, Yingweike (002837.SZ), is actively engaged in the energy storage thermal management sector and has developed liquid cooling heat dissipation technologies, which are already applied in several energy storage projects [1] Group 1: Company Developments - The company has made significant advancements in energy storage thermal management and possesses relevant technological capabilities in liquid cooling heat dissipation [1] - Specific project implementation details and order information will be disclosed in accordance with legal and regulatory requirements once they meet the disclosure standards [1] Group 2: Financial Performance - In the first half of 2025, the company's revenue from energy storage applications is projected to be approximately 800 million yuan, representing a year-on-year growth of about 35% [1]

Core Insights - The company, Yingweike (002837.SZ), is actively engaged in the energy storage thermal management sector and possesses liquid cooling heat dissipation technology capabilities [1] - The company has applied its related products in several energy storage projects, with specific project implementation details and order information to be disclosed in accordance with legal requirements if they meet disclosure standards [1] - The projected revenue from energy storage applications for the first half of 2025 is approximately 800 million yuan, representing a year-on-year growth of about 35% [1] Summary by Categories - **Company's Engagement in Energy Storage** - The company has made significant strides in the energy storage thermal management field and has developed relevant liquid cooling heat dissipation technologies [1] - Products related to these technologies have already been implemented in certain energy storage projects [1] - **Future Revenue Projections** - The company anticipates that its revenue from energy storage applications will reach around 800 million yuan in the first half of 2025, which is an increase of approximately 35% compared to the previous year [1]

Market Overview - The US stock market experienced a significant decline on Thursday, with the three major indices recording their largest single-day drop in over a month, primarily led by AI giants [2] - The Dow Jones Industrial Average fell by 797.6 points, closing at 47,457.22, a decrease of 1.65%; the S&P 500 dropped by 1.66% to 6,737.49; and the Nasdaq Composite plummeted by 2.29% to 22,870.36 [2] - Major tech stocks faced pressure, with declines across the "seven giants," including a 6.64% drop in Tesla and a 3.58% decrease in Nvidia [2] Company-Specific Developments - Cisco saw a 4.6% increase in stock price after raising its full-year revenue and profit forecasts due to sustained demand for networking equipment [3] - Disney's stock plummeted by 7.8% as the company warned of potential long-term issues related to its distribution dispute with YouTube TV, raising concerns about the pressure on its traditional television business [3] Commodity Prices - As of November 13, international oil prices rose, with WTI crude oil futures increasing by $0.20 to $58.69 per barrel, a rise of 0.34%, and Brent crude oil futures up by $0.30 to $63.01 per barrel, a gain of 0.48% [4] - COMEX gold futures fell by $19.10, or 0.45%, settling at $4,194.5 per ounce [4] Institutional Activity - On November 13, 35 stocks appeared on the institutional trading list, with 21 showing net buying and 14 showing net selling [14] - The top three stocks with net institutional buying were Haibo Sichuang, Tianci Materials, and Wanrun New Energy, while the top three with net selling were Tianji Shares, Yongtai Technology, and Fangzheng Electric [14][15]

Summary of Liquid Cooling Industry Conference Call Industry Overview - The liquid cooling industry is experiencing accelerated growth, driven by increased demand from major tech companies like Meta and Google, particularly in AI investments [2][3] - Meta has raised its expectations for cabinet configurations in 2025 and 2026, which is beneficial for the liquid cooling and optical communication sectors [2][3] Key Developments - **Meta's Minerva Cabinet**: Configured with 32 self-developed ASIC chips, exceeding 30 kW power consumption, utilizing full liquid cooling and 800G optical modules, indicating a shift towards liquid cooling solutions [2][3] - **OCP Conference Insights**: - Infinera released a CDU that meets Google's standards, with a power capacity of 2 MW, potentially setting a new trend [4] - NV introduced a new adapter standard transitioning from UQD to MQD, showcasing rapid technological iterations in liquid cooling [4] - Eaton's acquisitions of Baode and Weidi reflect a trend towards full industry chain integration, emphasizing safety and stability [5] Market Challenges and Opportunities - The domestic liquid cooling market faces challenges, such as a zinc shortage in 2025, but is expected to see a significant surge in domestic computing power cards in 2026 [6] - The demand for liquid cooling is anticipated to rise due to increased power consumption from computing chips, making 2026 a potential breakout year for domestic liquid cooling solutions [6] - The energy storage sector has already adopted liquid cooling technology, and the rising AI power demand is expected to further boost this market [6] Future Market Outlook - The liquid cooling market has a promising outlook, with low penetration rates in 2025 but expected significant growth in 2026, particularly for new chips primarily utilizing liquid cooling [7] - Both domestic and international markets are projected to see substantial increases, with higher expectations for ASIC and NA series products [7] Competitive Landscape - **Infinera**: Holds a competitive advantage as the only global leader with a fully self-developed supply chain, serving major clients like NV, Google, Meta, and OpenAI [8] - Other companies poised to benefit from the liquid cooling industry's growth include Tongfei Co., Sihuan New Materials, Yilun Co., Kehua Data, Haichuan Co., and Shenling Environment, all of which are involved in various components of the liquid cooling supply chain [9]

Market Overview - The Shanghai Composite Index rose by 0.73% to close at 4029.5 points, with a daily high of 4030.4 points [1] - The Shenzhen Component Index increased by 1.78% to close at 13476.52 points, reaching a high of 13488.63 points [1] - The ChiNext Index saw a rise of 2.55%, closing at 3201.75 points, with a peak of 3209.7 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets was 24986.39 billion yuan, with a financing balance of 24802.61 billion yuan and a securities lending balance of 183.78 billion yuan [2] - The margin trading and securities lending balance increased by 42.85 billion yuan compared to the previous trading day [2] - In the Shanghai market, the margin trading balance decreased by 21.38 billion yuan to 12711.42 billion yuan, while the Shenzhen market's balance increased by 64.23 billion yuan to 12274.98 billion yuan [2] Fund Issuance - Six new funds were issued yesterday, including: - China Europe Xin Yue Return One-Year Holding Mixed A - China Europe Xin Yue Return One-Year Holding Mixed C - Caitong Asset Management Tongda Stable Xin 3-Month Holding Bond Type (FOF) A - Caitong Asset Management Tongda Stable Xin 3-Month Holding Bond Type (FOF) C - Jianxin Dividend Strictly Selected Mixed Initiation A - Jianxin Dividend Strictly Selected Mixed Initiation C [4] Top Net Purchases on the Dragon and Tiger List - The top 10 net purchases on the Dragon and Tiger list included: - Tian Ci Materials with a net purchase of 76817.71 million yuan - Ying Wei Ke with a net purchase of 46870.68 million yuan - Duo Flu Duo with a net purchase of 40514.91 million yuan - Shang Neng Electric with a net purchase of 35434.45 million yuan - Fu Xiang Pharmaceutical with a net purchase of 20240.14 million yuan [6]

Core Viewpoint - Lingyun Co., Ltd. has successfully secured orders from leading domestic digital energy companies, leveraging its liquid cooling technology for mass supply [1] Company Summary - Lingyun's liquid cooling products feature self-developed core rubber materials that exhibit superior aging resistance and impermeability under extreme conditions, with a lifespan improvement of 50% compared to conventional products [1] - The company has successfully integrated into the global supply chain, gaining favor from domestic high-tech digital energy leader client H and supplying liquid cooling pipelines in bulk to renowned global manufacturers such as CoolerMaster, AVC, and Baode Huannan [1] - Lingyun's liquid cooling systems are also utilized in self-controlled liquid cooling solutions by companies like Invec and Shenling Environment [1]

Group 1 - On November 13, among the 31 primary industries tracked by Shenwan, 21 industries experienced net financing inflows, with the power equipment sector leading at a net inflow of 3.272 billion yuan [1] - Other industries with significant net financing inflows included electronics, non-ferrous metals, chemicals, public utilities, machinery equipment, and telecommunications [1] Group 2 - A total of 1,880 individual stocks received net financing inflows on November 13, with 108 stocks having inflows exceeding 50 million yuan [1] - Among these, 14 stocks had net financing inflows over 200 million yuan, with Ningde Times leading at 1.153 billion yuan [1] - Other notable stocks with high net financing inflows included Dufu Technology, Xiangnong Chip, Tianqi Lithium, Antai Technology, Yingweike, Yongding Co., Hanwujing, and Tianhua New Energy [1]