Company Overview - Invech Technology Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on August 15, 2005. The company went public on December 29, 2016. Its main business includes the research, production, and sales of precision temperature control energy-saving equipment, as well as air conditioning and maintenance services for rail transit trains and traditional buses [1]. Business Segmentation - The revenue composition of Invech is as follows: 52.50% from data center temperature control energy-saving products, 36.00% from cabinet temperature control energy-saving products, 9.82% from other sources, 0.93% from rail transit train air conditioning and services, and 0.75% from bus air conditioning [1]. Stock Performance - On October 16, Invech's stock rose by 5.05%, reaching a price of 78.06 CNY per share, with a trading volume of 2.598 billion CNY and a turnover rate of 4.02%. The total market capitalization is 76.230 billion CNY [1]. Fund Holdings - According to data, one fund under Huashang Fund holds a significant position in Invech. The Huashang Value Sharing Mixed Fund (630016) held 111,100 shares in the second quarter, accounting for 3.74% of the fund's net value, making it the third-largest holding. The estimated floating profit today is approximately 416,700 CNY [2]. Fund Performance - The Huashang Value Sharing Mixed Fund (630016) was established on March 18, 2013, with a latest scale of 88.2041 million CNY. Year-to-date returns are 64.16%, ranking 319 out of 8161 in its category. Over the past year, returns are 66.69%, ranking 435 out of 8021, and since inception, the fund has achieved a return of 417.46% [2]. Fund Management - The fund manager of Huashang Value Sharing Mixed Fund (630016) is Zhang Wenlong, who has been in the position for 2 years and 75 days. The total asset size of the fund is 1.221 billion CNY, with the best return during his tenure being 73.45% and the worst being 31.27% [3].

10月16日，英维克涨5.05%，截至发稿，报78.06元/股，成交26.43亿元，换手率4.09%，总市值762.30亿 元。 资料显示，深圳市英维克科技股份有限公司位于广东省深圳市龙华区观澜街道观光路1303号鸿信工业园 9号厂房1-3楼，成立日期2005年8月15日，上市日期2016年12月29日，公司主营业务涉及精密温控节能 设备的研发、生产、销售;轨道交通列车空调、架修及维护服务、传统客车空调等。主营业务收入构成 为：机房温控节能产品52.50%，机柜温控节能产品36.00%，其他9.82%，轨道交通列车空调及服务 0.93%，客车空调0.75%。 从基金十大重仓股角度 财通资管数字经济混合发起式A（017483）基金经理为包斅文。 截至发稿，包斅文累计任职时间3年329天，现任基金资产总规模33.81亿元，任职期间最佳基金回报 94.81%， 任职期间最差基金回报8.01%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，财通证 ...

长江商报消息 ●长江商报记者 徐佳 随着算力时代数据中心对液冷的需求提升，作为国内领先的精密温控节能设备提供商，英维克 （002837.SZ）经营业绩稳步增长。 10月13日晚间，英维克发布三季报，2025年前三季度，公司实现营业收入40.26亿元，同比增长 40.19%；归属于上市公司股东的净利润（以下简称"净利润"）3.99亿元，同比增长13.13%；扣除非经常 性损益后的净利润（以下简称"扣非净利润"）3.84亿元，同比增长14.76%。 对于前三季度业绩增长，英维克称，主要系报告期机房及机柜温控节能产品收入增加所致。 长江商报记者注意到，2025年前三季度，英维克的研发费用达2.97亿元，同比增长31.36%，占当期营业 收入的比例为7.39%。 业绩连续九年提升 资料显示，英维克是业内领先的精密温控节能解决方案和产品提供商，致力于为云计算数据中心、算力 设备、通信网络等领域提供设备散热解决方案及精密环境控制解决方案。 为最早涉足电化学储能系统温控的厂商，英维克在储能温控行业处于领导地位，也是众多储能系统提供 商重要的温控产品供应商。 2025年上半年，英维克的机房温控节能产品、机柜温控节能产品分别实 ...

证券日报网讯英维克10月13日在互动平台回答投资者提问时表示，英维克精密温控节能设备华南总部基 地项目已投入使用，后续是否扩容将根据公司自身业务情况而定。截至2025年6月30日，英维克精密温 控节能设备中原总部基地工程进度已达70.95%。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the news is that Yingweike's stock price increased by 5.14% to 83.90 CNY per share, with a trading volume of 3.652 billion CNY and a turnover rate of 5.32%, resulting in a total market capitalization of 81.326 billion CNY [1] - Yingweike Technology Co., Ltd. specializes in the research, production, and sales of precision temperature control energy-saving equipment, with its main business revenue composition being 52.50% from machine room temperature control products, 36.00% from cabinet temperature control products, and 0.93% from rail transit train air conditioning and services [1] - The company was established on August 15, 2005, and went public on December 29, 2016 [1] Group 2 - According to data, a fund under Caitong Securities Asset Management holds a significant position in Yingweike, with the Caitong Digital Economy Mixed Fund A (017483) holding 3.4173 million shares, accounting for 4.08% of the fund's net value, ranking as the ninth largest holding [2] - The Caitong Digital Economy Mixed Fund A has achieved a year-to-date return of 77.59%, ranking 215 out of 8244 in its category, and a one-year return of 136.98%, ranking 87 out of 8080 [2] Group 3 - The fund manager of Caitong Digital Economy Mixed Fund A is Bao Jianwen, who has been in the position for 3 years and 312 days, with the fund's total asset size at 3.381 billion CNY [3] - During Bao Jianwen's tenure, the best fund return was 103.41%, while the worst return was 8.01% [3]

Investment Rating - The report rates the industry as "Outperform" [2] Core Viewpoints - The rise in computing power density necessitates liquid cooling as the primary heat dissipation technology for intelligent computing centers. Liquid cooling offers advantages over air cooling, including faster temperature transfer, higher heat removal capacity, lower noise, energy savings, and space efficiency. The global trend towards stricter PUE assessments is expected to drive the penetration of liquid cooling technology [7][11][26] - The global market for liquid cooling in data centers is projected to exceed $10 billion by 2026, driven by the increasing power of AI chips and the growing density of server cabinets. The North American market alone is expected to reach $10 billion, with significant contributions from companies like NVIDIA [8][93] - Domestic liquid cooling market in China is expected to reach approximately 11.3 billion yuan in 2026, with a further increase to 23.8 billion yuan in 2027, as operators gradually adopt liquid cooling solutions [8][86] Summary by Sections 1. Computing Power Density and Liquid Cooling Technology - The increasing power density of AI chips is pushing the limits of traditional air cooling methods, making liquid cooling essential for managing heat in intelligent computing centers. Liquid cooling systems are categorized into room-side and ICT device-side architectures, with cold plate technology currently being the most widely adopted [7][10][11] 2. Accelerating Liquid Cooling Application and Market Size - The cooling system costs account for over 20% of the total data center infrastructure costs. Liquid cooling is expected to further increase this investment share. The report estimates that by 2026, the liquid cooling market in China will surpass that of air cooling, with a projected market size of 21.8 billion yuan [80][81][86] 3. Liquid Cooling Industry Chain Analysis - The liquid cooling industry chain consists of upstream components (liquid cooling parts), midstream system integrators, and downstream customers (data center service providers, operators, and internet companies). The report emphasizes the importance of system-level understanding for specialized temperature control manufacturers to benefit from industry growth [97][101]

Group 1 - The core point of the news is that Yingweike's stock price increased by 5.05% to 83.00 CNY per share, with a trading volume of 3.095 billion CNY and a turnover rate of 4.48%, resulting in a total market capitalization of 80.454 billion CNY [1] - Yingweike Technology Co., Ltd. specializes in the research, production, and sales of precision temperature control energy-saving equipment, with its main revenue sources being room temperature control products (52.50%), cabinet temperature control products (36.00%), and other services [1] - The company was established on August 15, 2005, and went public on December 29, 2016 [1] Group 2 - According to data, a fund managed by Caitong Securities Asset Management holds a significant position in Yingweike, with 3.4173 million shares, representing 4.08% of the fund's net value, making it the ninth largest holding [2] - The Caitong Digital Economy Mixed Fund A (017483) has achieved a return of 80.94% this year, ranking 223 out of 8173 in its category, and a one-year return of 149.77%, ranking 90 out of 8003 [2] - The fund manager, Bao Jianwen, has been in position for 3 years and 308 days, with the fund's total asset size at 3.381 billion CNY and a best return of 104.3% during his tenure [3]

Group 1 - The core point of the news is that Yingweike's stock price dropped by 5.59% to 78.08 CNY per share, with a trading volume of 934 million CNY and a turnover rate of 1.40%, resulting in a total market capitalization of 75.685 billion CNY [1] - Yingweike Technology Co., Ltd. is based in Shenzhen, Guangdong, and was established on August 15, 2005, with its IPO on December 29, 2016. The company specializes in the research, production, and sales of precision temperature control energy-saving equipment, as well as air conditioning and maintenance services for rail transit trains and traditional buses [1] - The revenue composition of Yingweike's main business includes: 52.50% from data center temperature control products, 36.00% from cabinet temperature control products, 9.82% from other sources, 0.93% from rail transit train air conditioning and services, and 0.75% from bus air conditioning [1] Group 2 - Manulife Fund has one fund heavily invested in Yingweike, specifically the Manulife Risk Budget Mixed Fund (162205), which held 28,800 shares in the second quarter, accounting for 1.32% of the fund's net value, ranking as the tenth largest holding [2] - The estimated floating loss for the Manulife Risk Budget Mixed Fund today is approximately 133,100 CNY. The fund was established on April 5, 2005, with a latest scale of 64.8448 million CNY, and has achieved a year-to-date return of 7.28%, ranking 6140 out of 8173 in its category [2] - The fund manager, Cai Yiyang, has been in position for 2 years and 1 day, with a total asset scale of 4.562 billion CNY, achieving a best return of 11.48% and a worst return of 1.99% during his tenure. The co-manager, Shi Lei, has been in position for 1 year and 40 days, managing 2.831 billion CNY, with a best return of 10.94% and a worst return of 5.02% during his tenure [3]

Company Overview - Invech Technology Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on August 15, 2005. The company went public on December 29, 2016. Its main business involves the research, development, production, and sales of precision temperature control energy-saving equipment, as well as air conditioning and maintenance services for rail transit trains and traditional buses [1]. Business Segmentation - The revenue composition of Invech is as follows: 52.50% from data center temperature control energy-saving products, 36.00% from cabinet temperature control energy-saving products, 9.82% from other sources, 0.93% from rail transit train air conditioning and services, and 0.75% from bus air conditioning [1]. Stock Performance - On September 18, Invech's stock price increased by 5.94%, reaching 79.90 CNY per share, with a trading volume of 4.194 billion CNY and a turnover rate of 6.38%. The total market capitalization is 77.449 billion CNY [1]. Fund Holdings - Tianhong Fund has a significant holding in Invech, with its Tianhong Guozheng New Energy Battery Index Fund A (021963) increasing its position by 3,700 shares in the second quarter, bringing the total to 14,700 shares, which accounts for 3.07% of the fund's net value, ranking it as the eighth largest holding [2]. Fund Performance - The Tianhong Guozheng New Energy Battery Index Fund A has a total asset size of 5.9776 million CNY and has achieved a year-to-date return of 40.97%, ranking 962 out of 4,222 in its category. Since its inception, the fund has returned 38.16% [2].

Core Viewpoint - Hebei Mutu Temperature Control Equipment Co., Ltd. has been established with a registered capital of 3 million RMB, indicating a new player in the temperature control equipment market [1] Company Summary - The legal representative of the company is Dai Xinyu, suggesting a potential leadership structure [1] - The company’s business scope includes a wide range of sales and services related to cooling and air conditioning equipment, electrical and mechanical equipment, and various consumer products [1] - The company is also involved in technical services, development, consulting, and equipment maintenance, which may enhance its operational capabilities [1]