Core Viewpoint - The stock price of Siquan New Materials (301489) closed at 182.96 yuan, reflecting a decline of 15.29% [1] Group 1: Company Performance - On September 2, Guotou Securities researcher Ma Liang published a report titled "Siquan New Materials: Data Center Cooling Upgrade Drives Surge in Liquid Cooling Demand, 25H1 Performance Achieves High Growth" [1] - The report initiated coverage of the company with an "Accumulate-A" investment rating [1]