电力瓶颈，比芯片更紧迫 2024年中国数据中心总耗电量达1660亿度，相当于2个三峡水电站的年发电量；约占全国总耗电量的1.68%，预计2030年占比超过5%，2035年占比超过 13%。 算力扩张与电力约束的失衡，正在重塑数据中心产业的发展逻辑。 "花几十亿元流片，最终或许只能兑现不到六成的理论价值。"这并非危言耸听，而是当下AI芯片在真实数据中心场景中的普遍现实。 当生成式AI掀起全球算力竞赛，半导体行业的目光多聚焦于：AI芯片公司又推出了性能多么强悍的新品？台积电的先进制程是否更进一步？然而一组数 据，却进一步揭示了这场行业狂欢背后的隐形枷锁： 近期，半导体产业纵横深入AI芯片及数据中心产业一线走访调研，与多位行业资深从业者深度交流后发现，当前AI数据中心电力消耗居高不下的核心瓶 颈，主要有三点。 第一点，正如文章开头所言，AI芯片的技术发展和数据中心的实际使用场景脱节，是当前行业电力消耗居高不下的核心问题之一。当前诸多AI芯片研发 走进"拼峰值算力"的误区，把算力多少当成核心竞争力，却忽略了数据中心里最关键的"算力够用且省电"的平衡需求。这种失衡主要体现在两方面： 其一，芯片设计和实际任务对不上。主流 ...

Group 1 - The company, Tuobang Co., Ltd. (002139), addressed investor inquiries on October 16 regarding the principles of liquid cooling technology, indicating that while the underlying principles are similar, the cooling methods and technologies vary in their adaptability to different environmental applications [1]

Core Viewpoint - The company is focusing on the development of liquid cooling technology, primarily for high-power liquid cooling charging guns, and plans to increase R&D investment while exploring new application areas in the industry [1] Group 1 - The company's liquid cooling technology is currently applied in high-power liquid cooling charging guns [1] - The company will continue to increase R&D investment [1] - The company is actively exploring new application areas in response to industry development trends [1]

Core Viewpoint - Lin Yuan, a veteran value investor, has historically avoided technology stocks, focusing instead on investments with high certainty and long-term holding strategies. Recently, he passively acquired some tech stocks due to market requirements, expressing discomfort with this shift in strategy [2][3]. Group 1: Investment Philosophy - Lin Yuan's investment philosophy emphasizes certainty and long-term holding, which has led to significant past successes, such as tripling his investment in Ninghu Expressway and achieving financial freedom through Guizhou Moutai [2]. - Despite the booming tech market, Lin Yuan remains steadfast in his avoidance of technology stocks, citing his past experiences in the tech industry as a reason for his cautious approach [2][3]. Group 2: Recent Investment Activities - Lin Yuan's recent investments include solid-state battery companies, with notable holdings in Jinlongyu and Delong shares, both of which have seen substantial price increases of over 110% and 120% respectively since last year [4][6]. - The solid-state battery sector is gaining traction, with expectations for commercial production to begin around 2027, driven by advancements in technology and increasing market demand [6]. Group 3: Market Trends and Performance - The solid-state battery market is characterized by high energy density and safety, positioning it as a next-generation battery technology. Companies like Jinlongyu and Delong are actively engaging in this space, with Jinlongyu's stock price rising significantly due to new orders [4][6]. - Lin Yuan's recent focus on liquid cooling technology stocks, such as Feilong Co., has also yielded positive results, with the stock price increasing nearly 100% following his involvement [11][12]. Group 4: Research and Analysis - Lin Yuan's research efforts in the tech sector are extensive, with a notable increase in his engagement with tech stocks over the past year, indicating a potential shift in his investment strategy [11][14]. - The liquid cooling technology market is experiencing explosive growth, driven by demand from major tech companies like NVIDIA and Microsoft, further highlighting the evolving landscape of technology investments [11][12].

Core Viewpoint - Bull Group (603195.SH) focuses on liquid cooling technology primarily applied in DC charging piles and commercial energy storage battery cooling, with limited current application in data centers [1] Group 1 - The company's data center business currently accounts for a small proportion of overall revenue [1] - Liquid cooling technology is mainly utilized in direct current charging piles and commercial energy storage battery cooling [1] - There is no current application of this technology in servers or IDC (Internet Data Center) fields [1]

Core Viewpoint - The company is currently utilizing its liquid cooling technology primarily in high-power liquid cooling charging guns and has not yet applied it to server data centers [1] Group 1 - The company's liquid cooling technology is mainly used in high-power liquid cooling charging guns [1] - The company's high-speed communication cables are primarily applied in data centers, high-performance computing, and mobile network switching centers [1] - The high-speed communication cables facilitate high-speed data transmission in various communication settings [1]

Core Viewpoint - The company focuses on liquid cooling technology primarily applied in energy storage systems and charging pile fields, enhancing equipment operational stability through efficient thermal management solutions [1] Group 1: Application in Energy Storage - The liquid cooling technology is compatible with both AC and DC systems, optimizing the energy efficiency of large-scale energy storage power stations [1] Group 2: Application in Charging - In the charging sector, liquid cooling technology facilitates rapid energy replenishment in high-power ultra-fast charging scenarios [1] Group 3: Current Market Position - The company has not yet ventured into temperature control solutions for data centers [1]