1月30日，英维克涨5.03%，截至发稿，报104.35元/股，成交16.49亿元，换手率1.89%，总市值1019.04 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 数据显示，南华基金旗下1只基金重仓英维克。南华科技创新混合发起A（024476）四季度持有股数 2000股，占基金净值比例为1.88%，位居第五大重仓股。根据测算，今日浮盈赚取约1万元。 责任编辑：小浪快报 南华科技创新混合发起A（024476）成立日期2025年9月24日，最新规模993.4万。今年以来收益 4.11%，同类排名5588/8872；成立以来收益0.61%。 南华科技创新混合发起A（024476）基金经理为徐超、王 ...

Core Viewpoint - The company, Yimikang, is expected to achieve a net profit of 25 million to 37 million yuan for the fiscal year 2025, marking a turnaround from losses in the previous year, primarily driven by significant growth in its precision cooling product business [1] Group 1: Financial Performance - The projected net profit for 2025 is between 25 million and 37 million yuan, with a non-GAAP net profit expected to be between 24 million and 36 million yuan, indicating a return to profitability year-on-year [1] - The main reason for the performance improvement is the substantial increase in revenue from precision cooling products [1] Group 2: Business Strategy - The company is focusing on the information data sector, integrating smart engineering, software platforms, and intelligent operations to enhance its precision cooling capabilities [1] - Yimikang has adopted a strategy of targeting major clients, aligning with the growing demand for precision cooling products in the domestic market, leading to a continuous increase in orders [1] - The company is also expanding its overseas orders significantly, contributing to the growth of its precision cooling product line [1] Group 3: Market Development - In 2025, the company will extend its smart engineering business to the construction of intelligent computing centers, supporting high-performance computing needs in various sectors, including AI model training and energy simulations [2] - The company has established a dual-market strategy, expanding its domestic client base with major companies like Alibaba and ByteDance, while also entering international markets in Southeast Asia and the Middle East [2] Group 4: Investment and Growth - In Q4 2025, a strategic investment from Chuanfa Securities Fund has been made, optimizing the company's equity structure and strengthening its foundation in the computing power sector [2] - Yimikang plans to raise funds through a private placement to enhance its research and development capabilities for cooling products, aiming to meet the fast-evolving demands of AI chips and GPU interconnections [2]

来源：美通社 上海2026年1月22日 /美通社/ -- 全球温控系统创新者特灵科技（纽交所代码：TT）旗下战略品牌特灵 （Trane®）宣布，重磅推出专为亚太区数据中心量身打造的全新产品——DCDA系列冷却液分配单元 （CDU）。作为特灵首款面向亚太需求自主研发的数据中心液冷产品，DCDA系列以高度的系统灵活 性、卓越的能效表现与强大的集成能力，精准破解高密度计算时代的散热难题，为数据中心提供高效、 可靠、绿色可持续的整体液冷解决方案。 随着AI算力需求激增与高功率密度设备发展，传统的空气冷却方案已难以应对机柜功率激增带来的散 热挑战，液冷技术正日益成为数据中心散热的主流选择。瑞银报告预测，2024年至2030年，全球数据中 心直接液体冷却市场年复合增长率将高达51%。在市场规模快速扩张的同时，如何应对高密度散热压力 并解决复杂系统的集成挑战，成为行业亟待突破的关键。 "这款CDU新品的推出不仅是针对高密度计算散热挑战的技术突破，更是特灵在亚太高增长数据中心细 分市场布局中的重要里程碑。" 特灵科技亚太区工程技术副总裁顾中平表示，"凭借在温控领域百年的 深厚积淀与对亚太市场需求的敏锐洞察，这款产品深刻洞察并 ...

Group 1 - The core point of the news is that Yingweike Technology Co., Ltd. experienced a stock price increase of 5.42%, reaching 101.93 CNY per share, with a trading volume of 4.281 billion CNY and a turnover rate of 5.13%, resulting in a total market capitalization of 99.54 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's main business includes: 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] Group 2 - From the perspective of major fund holdings, Chang'an Fund has one fund heavily invested in Yingweike, specifically the Chang'an Xinrui Technology 6-month open-end mixed A fund, which increased its holdings by 25,400 shares in the third quarter, totaling 188,300 shares, accounting for 4.79% of the fund's net value [2] - The Chang'an Xinrui Technology fund, established on June 3, 2021, has a current scale of 239 million CNY, with a year-to-date loss of 4%, ranking 8801 out of 8838 in its category, while achieving a one-year return of 91.36%, ranking 269 out of 8089 [2]

Group 1: Key Insights - The report highlights the strong growth potential of the semiconductor testing industry, particularly for companies like Huafeng Measurement and Control (688200), which is positioned to benefit from the increasing demand for simulation and digital testing machines driven by AI chip requirements [4][5][6] - Guoke Military Industry (688543) is noted for its transition from conventional ammunition to intelligent and information-based ammunition, which is expected to enhance its growth prospects in a high-demand industry [4][5] - Purtai (603659) is recognized as a leading global lithium battery materials platform, with its negative electrode and diaphragm businesses expected to show long-term improvement [4][5] Group 2: Company-Specific Analysis - Wanchen Group (300972) is projected to continue expanding its store count, currently exceeding 18,000, while improving net profit margins through scale effects and supply chain efficiencies [5][6] - Top Group (601689) is actively developing new products in collaboration with major clients, including liquid cooling solutions, which have already secured initial orders worth 1.5 billion [7][8] - Zhuoyue New Energy (688196) is expanding its production capacity in the biofuel sector, with a focus on biodiesel and bio-based materials, supported by favorable policies and a projected internal rate of return of 28.94% for new projects [8][9] Group 3: Industry Trends - The report indicates that the server liquid cooling market is expected to experience significant growth in 2026 and 2027, with companies like Yingweike (002837) poised to capture substantial market share [8][9] - The mechanical equipment sector, particularly companies like Binglun Environment (000811), is expanding its presence in various fields, including nuclear power and industrial heat control, which is expected to provide new growth opportunities [9][10] - The AI industry is driving demand for intelligent control systems, with companies like Zhiwei Intelligent (001339) developing products that cater to this emerging market [10]

Core Viewpoint - In 2023, Invec, a leader in liquid cooling technology, has seen its market capitalization exceed 100 billion yuan, driven by the increasing demand for AI computing power and high-efficiency cooling solutions [1][3][14]. Company Overview - Invec's stock price has surged over 258% this year, closing at 110.59 yuan per share, with a total market value of 1080 billion yuan as of December 26 [1][3]. - The company has transitioned from a small workshop to a leading enterprise in precision temperature control over the past 20 years, initially focusing on outdoor cabinet air conditioning for communication operators [11][12]. Business Growth and Financial Performance - Invec's revenue has grown from 518 million yuan in 2016 to an expected 4.589 billion yuan in 2024, with a 40.19% year-on-year increase in the first three quarters of 2025 [12][14]. - The net profit attributable to shareholders reached 399 million yuan in the first three quarters of 2025, reflecting a 13.13% year-on-year growth [12][21]. Market Trends and Opportunities - The global liquid cooling market is projected to reach 80 billion yuan by 2026, with significant demand driven by AI computing needs [15]. - Major clients include tech giants like Nvidia and Google, with Invec positioned to benefit from the increasing shift towards liquid cooling solutions in data centers [14][16]. Competitive Landscape - The liquid cooling sector is becoming increasingly competitive, with domestic and international players like Huawei and Delta Technologies also developing their own solutions [20][21]. - Invec faces challenges from both local competitors and foreign firms that have established strong market positions through partnerships with key chip manufacturers [20][21]. Production and Capacity Expansion - Invec is actively expanding its production capacity, with significant investments in new facilities aimed at meeting rising demand [18]. - The company has plans to enhance its overseas supply chain, with factories in Malaysia and Thailand set to increase production capabilities [18]. Strategic Partnerships - Invec has established strategic partnerships with leading companies in the AI sector, enhancing its position in the global cooling solutions market [16][17]. - The company is working to secure a larger share of the supply chain for major clients, which could lead to substantial revenue growth [16][17].

Core Viewpoint - The company Invec, a leader in liquid cooling technology, has seen its market value exceed 100 billion yuan, driven by the increasing demand for high-efficiency cooling solutions in the AI computing sector, with a year-to-date stock price increase of over 258% [2][4][10]. Group 1: Company Background and Growth - Invec was established by Qi Yong in 2005 after being spun off from Huawei, starting with limited resources and a small office [7]. - The company initially focused on energy-efficient cooling solutions for telecommunications, gradually expanding its product offerings to include data center cooling and precision air conditioning [8]. - Invec became a key supplier for major clients like Huawei and ZTE by 2011 and entered international markets by 2012 [8]. Group 2: Financial Performance - Invec's revenue grew from 518 million yuan in 2016 to an expected 4.589 billion yuan in 2024, with a 40.19% year-on-year increase in the first three quarters of 2025 [9]. - The net profit attributable to shareholders reached 399 million yuan in the same period, reflecting a 13.13% increase [9]. Group 3: Market Trends and Opportunities - The surge in AI computing power has led to a significant increase in demand for liquid cooling solutions, with the global server liquid cooling market projected to reach 80 billion yuan by 2026 [12]. - Invec has positioned itself as a key player in this market, providing solutions to major tech companies like ByteDance, Tencent, and Alibaba [13]. Group 4: Competitive Landscape - The liquid cooling market is becoming increasingly competitive, with domestic and international players like Huawei and Delta Technologies also developing their own solutions [16]. - Invec faces challenges from both local competitors and foreign firms that have established strong market positions through partnerships with major chip manufacturers like NVIDIA [17]. Group 5: Future Prospects and Challenges - Invec is expanding its production capacity to meet rising demand, with significant investments in new facilities and overseas production [15]. - Despite strong revenue growth, the company is experiencing pressure on profit margins and cash flow, indicating potential challenges in sustaining its market position amid increasing competition [17].

Group 1 - The core point of the news is that Yingweike Technology Co., Ltd. experienced a stock price increase of 5.09%, reaching 109.13 yuan per share, with a total market capitalization of 106.57 billion yuan [1] - The company, founded on August 15, 2005, 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 the company's main business includes: 52.50% from room 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] Group 2 - Chang'an Fund has one fund heavily invested in Yingweike, specifically the Chang'an Xinrui Technology 6-month open-end mixed A fund, which increased its holdings by 25,400 shares in the third quarter, bringing the total to 188,300 shares, representing 4.79% of the fund's net value [2] - The fund has achieved a year-to-date return of 93.95%, ranking 136 out of 8,088 in its category, and a one-year return of 91.49%, ranking 134 out of 8,058 [2] - The fund manager, Wang Haoyu, has been in charge for 1 year and 344 days, with the best fund return during his tenure being 111.9% and the worst being 100.41% [3]

Core Viewpoint - The article highlights the significant rise of liquid cooling server concepts in the stock market, particularly focusing on the impressive performance of Yingweike, which has seen its stock price surge and market capitalization exceed 100 billion yuan, indicating a new industrial trend in AI computing infrastructure [1][4]. Group 1: Stock Performance and Market Trends - Yingweike's stock price increased by 26.9% over just 15 trading days, showcasing a remarkable performance amidst a generally volatile A-share market [1]. - Over the past six months, Yingweike's stock has nearly tripled in value, approaching a market capitalization of 100 billion yuan [3]. - The current market behavior suggests that capital is recognizing a new industrial trend, as evidenced by the accelerated stock price increase despite typically tight year-end funding conditions [4][5]. Group 2: Catalysts for Growth - The recent surge in Yingweike's stock price is attributed to market rumors regarding Google's factory audit and a significant increase in Google's TPU chip shipment targets, which could lead to substantial orders for Yingweike's liquid cooling solutions [6]. - The expectation of securing 20-25% of the liquid cooling solution market for Google's TPU cabinets translates to potential orders worth 2-3 billion yuan [6]. Group 3: Technological Context and Industry Dynamics - The shift towards liquid cooling technology is becoming essential due to the increasing power consumption of AI chips, with Nvidia's latest chips exceeding 1000W, necessitating advanced cooling solutions [11][12]. - The liquid cooling market is projected to see a significant increase in penetration, with estimates suggesting it will rise from 15% in 2024 to 80% by 2027 for AI training servers [13]. - Yingweike's comprehensive self-research and production capabilities in the liquid cooling sector position it uniquely within the global AI computing supply chain [21][18]. Group 4: Competitive Landscape - Yingweike stands out as the only A-share company covering the entire liquid cooling supply chain, from CDU to liquid cooling plates, which reduces integration risks for customers [18][15]. - The competitive landscape includes both domestic and international players, with companies like Weidi and Shenyang Environment posing significant competition in the high-end market [17]. Group 5: Financial Performance and Future Outlook - Yingweike's revenue has grown significantly, with a projected revenue of 45 billion yuan by 2024, reflecting a consistent growth trajectory over the past 14 years [21]. - The company's liquid cooling revenue is currently a small fraction of total revenue, indicating potential for substantial growth as the market expands [24]. - The current high price-to-earnings ratio of nearly 180 times reflects optimistic market expectations, but also poses risks if order fulfillment does not meet projections [25].

Group 1 - The core point of the news is that Yingweike's stock price increased by 5.29% to 99.39 yuan per share, with a trading volume of 3.628 billion yuan and a turnover rate of 4.44%, resulting in a total market capitalization of 97.06 billion yuan [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 services for rail transit trains and traditional buses [1] - The revenue composition of Yingweike's main business includes: 52.50% from room 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] Group 2 - From the perspective of major holdings, one fund under Yinhua Fund holds a significant position in Yingweike. The Yinhua Internet Theme Flexible Allocation Mixed A Fund (001808) held 58,500 shares in the third quarter, accounting for 4.92% of the fund's net value, making it the sixth-largest holding [2] - The Yinhua Internet Theme Flexible Allocation Mixed A Fund (001808) was established on November 18, 2015, with a latest scale of 91.71 million yuan. The fund has achieved a return of 79.17% this year, ranking 247 out of 8,088 in its category, and a one-year return of 71.9%, ranking 286 out of 8,057 [2]