Summary of Conference Call Records Industry Overview - The liquid cooling industry is experiencing increased demand due to the rising need for heat dissipation in data centers, which are critical infrastructures in the information age. The installation of cooling systems is essential to manage the heat generated during data center operations [1][2]. - Immersion cooling technology is highlighted for its superior thermal performance, reliability, and energy efficiency, positioning it as a potentially widely adopted cooling solution in the future. However, it faces challenges such as lower maintainability and higher installation complexity, leading to significant deployment barriers [1][2]. Key Points on Liquid Cooling Industry - The upstream segment of the liquid cooling supply chain includes the production of cooling fluids, connectors, electromagnetic valves, tanks, and manifolds. The midstream consists of core components like cooling towers, CDU (Chilled Water Distribution Unit), and chillers, which have high technical barriers [2]. - The downstream segment comprises a vast array of demand from industries such as internet, telecommunications, and finance, which influences the final application of related technologies. Companies in the liquid cooling supply chain are expected to benefit from the development of AI Data Centers (AIDC) [2]. - Listed companies in the liquid cooling sector include Invec, Gaolan Co., and Tongfei Co. [2]. - Risks include potential underperformance in data center construction, slower-than-expected growth in power demand, significant shifts in cooling technology routes, geopolitical risks, and supply chain issues related to raw materials [2]. Company Overview - Yidian Tianxia is focusing on establishing a core ecological position in the "AI + Marketing" sector by launching a comprehensive digital marketing solution that integrates AI digital creativity, BI decision-making, and intelligent multi-cloud management [3]. - The company is dedicated to overseas marketing and is accelerating the implementation of AI technology, particularly in programmatic advertising [3]. - Yidian Tianxia has partnerships with major companies such as Google, Microsoft, Amazon, Alibaba, Huawei, Tencent, and others, utilizing API integration or private deployment to enhance capabilities in cost control, AI recommendation algorithms, and advertising tools [3]. - The company aims to expand its client base among top-tier advertisers and increase the proportion of programmatic advertising [3]. - Investment recommendations suggest an expected EPS of 0.59, 0.82, and 1.06 CNY for 2025-2027, with a target price of 32.45 CNY based on a 55x PE ratio for 2025 [3]. - Risks include potential policy impacts on overseas marketing and slower-than-expected development in AI marketing [3]. Additional Important Information - The stock performance of related companies shows positive movement, with Invec up by 2.10%, Gaolan Co. by 0.42%, Tongfei Co. by 2.75%, and Yidian Tianxia by 2.22% [4]. - Broader geopolitical and economic discussions are ongoing, including U.S.-China trade relations and agreements between the U.S. and the U.K. [4].

Modine Manufacturing Company (MOD) FY Conference May 08, 2025 12:45 PM ET Speaker0 Well, good afternoon, everyone, and welcome back to day four of Oppenheimer's twentieth Annual Industrial Growth Conference. I'm Noah Kaye, Managing Director and Equity Research here at OpCo. We're very happy to welcome back the management team of Modine to our conference. Neil Brinker, president CEO, Mick Lucarelli, CFO, Kathy Powers, VP of IR. Thank you all for being here, and looking forward to a great discussion. Well, go ...