新华财经上海12月12日电（谈瑞、周子涵） 在"双碳"政策持续深化与全球新能源产业加速迭代的双重驱动下，温控设备赛道近期备受资本市场关注。 本周，冰轮环境（000811.SZ）股价呈现大幅上扬态势，全周累计上涨23.56%，至周五收盘股价报18.20元，周度成交额累计突破80亿元，成为推升新华出海 制造指数的重要力量。 作为深耕温控领域数十年的龙头企业，冰轮环境的经营基本面相当扎实。2014-2024年，公司营收从16.9亿元增长至66.4亿元，复合增速14.6%；归母净利润 从2.1亿元增长至6.3亿元，复合增速11.7%。2025年三季报显示，公司前三季度虽面临市场环境波动，实现营收48.35亿元、归母净利润4.28亿元，同比分别 下滑2.45%和9.68%，但单季度业绩已呈现明确复苏态势——第三季度实现营收17.17亿元，同比增长6.88%；归母净利润1.62亿元，同比增幅高达13.54%，盈 利能力显著改善 。 值得一提的是，根据冰轮环境近期发布的投资者关系管理信息，公司仍在积极布局数据中心及液冷系统，力图通过技术领先不断提升竞争力。 据悉，在国内，冰轮环境已成功服务了国家超级计算广州中心（天河二号） ...

Group 1 - The core point of the news is that Yingweike Technology Co., Ltd. experienced a stock price increase of 5.1%, reaching 72.39 CNY per share, with a trading volume of 964 million CNY and a turnover rate of 1.59%, resulting in a total market capitalization of 70.693 billion CNY [1] - Yingweike specializes in the research, production, and sales of precision temperature control energy-saving equipment, with its main revenue sources being: 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 - According to data from the top ten holdings of funds, Wanji Fund has one fund heavily invested in Yingweike, specifically Wanji Yida A (519197), which held 7,500 shares in the third quarter, accounting for 1.02% of the fund's net value, ranking as the eighth largest holding [2] - Wanji Yida A (519197) has achieved a year-to-date return of 31.13%, ranking 1943 out of 8136 in its category, and a one-year return of 34.2%, ranking 1682 out of 8058 [2]

Group 1: Financial Performance and Projections - The company's revenue for the first half of 2025 reached 800 million yuan, with a projected revenue of 1.5 billion yuan for the entire year [12] - The company anticipates a significant growth in the liquid cooling market, particularly in data centers and energy storage, which is expected to help mitigate its current high P/E ratio [4] - The company reported a negative operating cash flow but expects improvement as year-end funds are collected [16] Group 2: Market Position and Competitive Advantage - The company claims to have a comprehensive capability platform in the liquid cooling sector, covering the entire lifecycle and various scenarios [4][7] - The company has established a strong presence in the energy storage thermal management market, with a revenue of 1.5 billion yuan in 2024 [20] - The company is recognized by major clients, which enhances its competitive edge in the market [7] Group 3: Operational Updates and Capacity - The construction of the Henan Central Base is progressing well, with some facilities already meeting acceptance standards and in use [4] - The company is actively expanding its production capacity to meet diverse customer demands, indicating a dynamic operational strategy [18] - The current supply chain capabilities are sufficient to meet existing orders and demands [9] Group 4: Investor Relations and Communication - The company participated in the 2025 Shenzhen Collective Reception Day for listed companies, engaging with a wide range of investors [2] - The company refrains from disclosing specific customer orders or financial details, adhering to confidentiality agreements [8][20] - The management expresses confidence in the company's future growth potential, driven by market opportunities and internal capabilities [6]

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]

Group 1 - The core viewpoint of the news is that Yingweike Technology Co., Ltd. has seen a significant increase in its stock price, rising by 5.22% to 77.86 CNY per share, with a trading volume of 3.47 billion CNY and a turnover rate of 5.35%, resulting in a total market capitalization of 76.035 billion CNY [1] - Yingweike's main business involves the research, production, and sales of precision temperature control energy-saving equipment, with revenue composition as follows: 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 - From the perspective of fund holdings, one fund under Caitong Securities Asset Management has a significant position in Yingweike, holding 3.4173 million shares, which accounts for 4.08% of the fund's net value, ranking as the ninth largest holding [2] - The Caitong Asset Management Digital Economy Mixed Fund A (017483) has achieved a year-to-date return of 71.5%, ranking 293 out of 8226 in its category, and a one-year return of 78.05%, ranking 220 out of 8099 [2] - The fund manager, Bao Jianwen, has been in position for 3 years and 340 days, with the fund's total asset size at 3.381 billion CNY and a best return of 96.44% during his tenure [3]

Group 1 - The core point of the news is that Yingweike Technology Co., Ltd. experienced a stock price increase of 5.22%, reaching 77.86 CNY per share, with a trading volume of 3.467 billion CNY and a turnover rate of 5.34%, resulting in a total market capitalization of 76.035 billion CNY [1] - Yingweike 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, 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 - According to data from the top ten heavy stocks of funds, Huabao Fund holds a significant position in Yingweike, with its Huabao Competitive Advantage Mixed A Fund (010335) holding 221,100 shares, accounting for 3.64% of the fund's net value, ranking as the tenth largest heavy stock [2] - The Huabao Competitive Advantage Mixed A Fund has achieved a return of 60.67% year-to-date, ranking 522 out of 8,226 in its category, and a return of 59.12% over the past year, ranking 561 out of 8,099 [2]

Group 1 - The core point of the article highlights the recent performance of Yingweike, which saw a 5.07% increase in stock price, reaching 74.21 yuan per share, with a trading volume of 2.86 billion yuan and a market capitalization of 72.47 billion yuan [1] - Yingweike, established on August 15, 2005, and listed on December 29, 2016, specializes in the research, production, and sales of precision temperature control energy-saving equipment, as well as air conditioning services for rail transit trains and traditional buses [1] - The revenue composition of Yingweike 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 - From the perspective of major circulating shareholders, a fund under AVIC Fund ranks among the top shareholders of Yingweike, with the AVIC Opportunity Leading Mixed Fund A (018956) newly entering the top ten circulating shareholders, holding 16.13 million shares, which is 1.91% of circulating shares [2] - The AVIC Opportunity Leading Mixed Fund A has achieved a return of 117.51% this year, ranking 8th out of 8154 in its category, and a return of 112.55% over the past year, ranking 22nd out of 8025 [2] - The fund manager of AVIC Opportunity Leading Mixed Fund A is Han Hao, who has been in the position for 7 years and 317 days, with a total asset scale of 1.788 billion yuan [3] Group 3 - The AVIC Opportunity Leading Mixed Fund A reduced its holdings in Yingweike by 285,100 shares in the second quarter, now holding 3.4749 million shares, which constitutes 9.73% of the fund's net value, making it the third-largest holding [4] - The estimated floating profit from the current holdings in Yingweike for the fund is approximately 12.44 million yuan [4]

Core Viewpoint - The company Yimikang (300249) has received approval from the Shenzhen Stock Exchange for a specific stock issuance, aiming to raise approximately 311 million yuan through the issuance of up to 132 million shares, which will be used for various projects related to cooling products for computing infrastructure and to supplement working capital [2] Group 1: Company Initiatives - The funds raised will be allocated to the construction of cooling products for computing infrastructure, the establishment of a research and testing platform for these products, and to enhance working capital [2] - The research and testing platform project aims to improve the company's R&D capabilities for cooling products and enhance testing capabilities, allowing for quicker responses to customer demands in the rapidly evolving technology landscape [3] Group 2: Industry Trends - The rapid development of the digital economy is accelerating the construction of digital infrastructure, which in turn is increasing the demand for data centers and raising the thermal density of computing equipment [2] - The importance of cooling solutions is becoming more pronounced as high-performance computing scenarios demand better heat dissipation capabilities, leading to the mainstream adoption of technologies such as liquid cooling and hybrid cooling [2] - The "East Data West Computing" initiative is facilitating the establishment of data center clusters in the western regions, while the dual carbon goals are driving the adoption of efficient cooling solutions, indicating a shift in the market towards lifecycle energy efficiency management [2]

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].

Group 1 - The core point of the news is that Yingweike's stock price increased by 5.05% to 78.06 CNY per share, with a trading volume of 2.643 billion CNY and a turnover rate of 4.09%, resulting in a total market capitalization of 76.23 billion CNY [1] - Yingweike, established on August 15, 2005, and listed on December 29, 2016, specializes in the research, production, and sales of precision temperature control energy-saving equipment, as well as air conditioning for rail transit trains and traditional buses [1] - The revenue composition of Yingweike 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 - From the perspective of major fund holdings, one fund under Caitong Securities Asset Management holds a significant position in Yingweike, with 3.4173 million shares, accounting for 4.08% of the fund's net value, ranking as the ninth largest holding [2] - Caitong Asset Management's Digital Economy Mixed Fund A (017483) has achieved a return of 73.7% this year, ranking 198 out of 8161 in its category, and a return of 92.27% over the past year, ranking 109 out of 8021 [2] - The fund manager, Bao Jianwen, has been in position for 3 years and 329 days, with the fund's total asset size at 3.381 billion CNY and a best return of 94.81% during his tenure [3]