Business Overview - The company is a leading provider of precision temperature control and energy-saving solutions, focusing on various sectors including cloud computing data centers, power grid, and electric vehicle charging stations [2] - It has maintained a record of revenue and profit growth for 14 consecutive years [2] Market Expansion - The overseas demand for liquid cooling solutions has exploded, providing a significant opportunity for the company [3] - The company has made progress in international markets, showcasing products at global events and forming partnerships with major clients [3] Revenue Structure - The company aims to balance domestic and overseas revenue, which will enhance profitability and cash flow [4] - Recent years have shown fluctuations in global revenue structure, impacting various operational metrics [4] Order Visibility - The visibility of orders varies across different business segments, with some clients purchasing on a project basis while others use annual bidding processes [5] Competitive Advantages - The company possesses strong technical expertise in equipment cooling and environmental control, with a unique product matrix and service delivery capabilities [6][7] Research and Development - The company has invested approximately 297 million CNY in R&D in the first three quarters of 2025, a 31.36% increase year-on-year [9] Management Team - The management team has extensive experience from major corporations, ensuring a well-structured knowledge base across all business functions [10] Energy Storage Business - The company has 15 years of experience in energy storage temperature control, with a revenue of approximately 800 million CNY from energy storage applications in the first half of 2025, reflecting a 35% year-on-year growth [11] Overseas Capacity Layout - The company is establishing supply chains in Southeast Asia and North America to enhance its overseas market presence [12] Electronic Cooling Business - The electronic cooling segment, including liquid cooling plates and cooling modules, is expected to become a significant revenue contributor, potentially the third-largest business area after data centers and energy storage [13] Company Vision - The company aims to become a world-class enterprise in precision environmental control, focusing on customer needs and rapid delivery of quality products [14] M&A Plans - Any potential mergers and acquisitions will be disclosed in accordance with relevant regulations, ensuring transparency and compliance [15]

Core Viewpoint - The company’s subsidiary, Fengbo Environment, is involved in the construction of a 2400-meter deep underground constant temperature and humidity laboratory project, showcasing the company's technical strength and engineering experience in precision environmental control [1] Group 1 - The project is designed and integrated by Fengbo Environment, highlighting the company's comprehensive solution capabilities [1] - The core equipment utilized in the project includes high-precision constant temperature and humidity units developed by the company [1] - The project encompasses multiple key modules, including a fresh air handling system, automation control system, electrical supporting system, and laboratory renovation works [1]

Core Viewpoint - The company, Jialitu (603912.SH), is actively involved in a significant project for constructing a 2400-meter deep underground constant temperature and humidity laboratory, showcasing its expertise in precision environmental control [1] Group 1: Project Involvement - The company's subsidiary, Fengbo Environment, is responsible for the overall design and system integration of the laboratory project [1] - The core equipment utilized in the project includes high-precision constant temperature and humidity units developed by the company [1] Group 2: Technical Capabilities - The project encompasses multiple critical modules, including a fresh air handling system, automation control system, electrical supporting system, and laboratory renovation works, reflecting the company's technical strength and engineering experience in the field [1] - Since its establishment, the company has focused on technological research and development in precision environmental control, particularly for data centers [1] Group 3: Service Offerings - The company provides stable, green, and energy-efficient integrated solutions and services, including energy-saving renovation services aimed at addressing high energy consumption issues in outdated data centers [1] - The company also offers operational maintenance services for data centers, leveraging its extensive experience accumulated over the years [1] Group 4: Clientele - The company's clients span various sectors, including government departments, telecommunications, finance, internet, healthcare, rail transportation, aviation, and energy [1] - Detailed information regarding the company's main products and typical case studies can be found in its periodic reports or on its official website [1]

Core Viewpoint - The company, Jialitu (603912.SH), is actively involved in a significant project for constructing a 2400-meter deep underground constant temperature and humidity laboratory, showcasing its technical strength and engineering experience in precision environmental control [1] Group 1: Project Involvement - The company's subsidiary, Fengbo Environment, is responsible for the overall design and system integration of the laboratory project [1] - The core equipment for the project includes high-precision constant temperature and humidity units developed by the company [1] Group 2: Technical Expertise - The company has focused on technology research and development in the precision environmental control sector since its establishment [1] - It provides integrated solutions and services that are stable, green, and energy-efficient, addressing high energy consumption issues in outdated data centers [1] Group 3: Clientele and Industry Reach - The company's clients span various sectors, including government, telecommunications, finance, internet, healthcare, rail transportation, aviation, and energy [1] - The company has accumulated extensive experience in products and technology over the years, with detailed information available in its periodic reports or on its official website [1]

Core Insights - The company, Yingweike, celebrated its 20th anniversary on August 15, 2025, reflecting on its journey from inception to becoming an industry leader and expressing gratitude to partners and employees while outlining future development plans [1] Company Development - Yingweike was founded in 2005 in Shenzhen and is recognized as a high-tech enterprise specializing in precision temperature control and energy-saving solutions [1] - The company has diversified its business across multiple fields, including digitalization, new energy, and new living, covering areas such as data center temperature control, energy storage temperature control, and indoor air environment control [1] Early Challenges - In its early years (2005-2006), the company faced significant challenges, starting with no market, products, or resources, and operated from a small office space [2] - The founders demonstrated resilience and innovation, leading to the successful development of energy-efficient products and securing major projects in the domestic market [2] Growth Phase - From 2007 to 2016, Yingweike entered a phase of exploration, adapting its business and management models to meet new demands and technologies [2] - The company emphasizes understanding customer needs and delivering quality products as its core competitive advantage, which has led to market recognition [3] Post-IPO Expansion - Following its IPO on December 29, 2016, Yingweike experienced significant growth, with revenues increasing from 500 million to 4.5 billion by 2024, maintaining 14 consecutive years of revenue and profit growth [4] - The company has expanded its operations into emerging fields such as energy storage temperature control and electronic cooling, establishing itself as a global leader [4] Future Outlook - The company is optimistic about the next decade, anticipating growth driven by high-density heat dissipation needs and energy storage requirements due to the information and new energy revolutions [4] - Yingweike aims to provide comprehensive solutions across all stages of customer engagement, focusing on integrating new and existing business lines for sustained growth [4][5]