格隆汇12月26日丨冰山冷热(000530.SZ)在投资者互动平台表示，数据中心已纳入公司重点深耕的细分 市场范围，2026年将强力拓展。 ...

本项目针对新型大冷量稀释制冷机技术开展研究，充分发挥中方在该领域的工程技术优势与外方在理论研究方面的优势，旨在通过突破大空间、大冷量稀 释制冷机的多物理场耦合设计理论与核心部件制造工艺，实现关键技术的自主可控，最终研制出性能先进的大冷量稀释制冷机示范机。 该项目的实施，将为我国极低温装备的系列化研发与产业化落地筑牢理论根基、夯实技术支撑，为量子科技等前沿领域发展注入新质生产力。据悉，该类 技术成果大规模推广应用后，未来5至10年相关市场规模有望达到百亿美元。 来源：科技日报 科技日报记者 洪敬谱 12月25日，记者从安徽大学获悉，该校牵头联合国内外知名高校、科研院所及合肥知冷低温科技有限公司共同申报的国家级课题"战略性科技创新合作项 目"——"新型大冷量稀释制冷机关键技术研究"正式获批立项。该项目总预算达2000万元，其中获中央财政专项资金支持1000万元。 当前，大规模量子计算等前沿科学研究正面临困境，极低温实验平台的技术短板成为其发展的核心瓶颈之一。现有商用稀释制冷机的实验空间与制冷功率 均触及技术极限，难以满足未来上千乃至数万量子比特芯片的散热与互联需求。在此背景下，研发具备"大实验空间、mW级大冷量" ...

（文章来源：证券日报） 证券日报网讯 12月24日，海容冷链发布公告称，公司第五届董事会第七次会议审议通过《公司2025年 前三季度利润分配预案》等多项议案。 ...

事件：公司发布2025 年度业绩预告，预计实现归母净利润38.7~46.5 亿元，同比+25%~50%，扣非净利 润36.8~46.1 亿元，同比+18%~48%。根据中值计算，对应25Q4 归母净利润10.19 亿元，同比+28%，扣 非净利润10.64 亿元，同比+22%。传统制冷&汽车协同发力，业绩略超市场预期。 据此前计划，5 年内实现年产100 万台目标，公司长期积极配合产品开发，主供地位稳固。若按照100 万台出货测算，执行器总成5 万元，净利率10%，公司份额70%，可贡献35 亿元利润，弹性巨大。 盈利预测与投资评级： 我们上修公司25-27 年归母净利润至42.1/50.9/67.9 亿元（原值41.6/49.0/65.9 亿 元），同比+36%/+21%/+33%，对应PE 分别为45x、38x、28x，考虑到机器人空间广阔，维持"买入"评 级。 风险提示：人形机器人量产不及预期，新能源车销量不及预期等。 传统制冷需求稳健增长、数据中心&储能贡献增量、我们预计25Q4 板块收入同增10-20%、净利润同增 30-40%。 1）国内方面，Q4 虽国补有所退坡，但"双11"、"双12"促销加码 ...

AI+商业航天重要观点更新 20251221 摘要 商业航天明年（2026 年）预计加速发展，卫星发射和招标量至少增长 三倍，政策支持（《十五规划》），资本密集落地，以及大国太空竞争 加剧是主要驱动因素。 商业火箭和太空算力是商业航天的重要方向。SpaceX 计划 2026 年 IPO，估值 1.5 万亿美元，国内可重复使用火箭技术逐渐成熟，产业加 速发展趋势不变。 国内商业航天企业估值远低于海外龙头，中国正通过母基金计划撬动万 亿产业基金，加速前沿产业发展，缩小差距。 长 12 甲火箭发射推迟短期影响有限，不改产业长期增长趋势。建议珍 惜低估核心龙头公司筹码，关注信科移动和中国卫星。 创世纪公司以加工中心起家，目前专注于通用机床和专用机床，在国内 金属切削机床行业领先，正经历国际化（越南基地）和高端化（AI 领 域）转型。 创世纪在 AI 领域布局人形机器人硬件加工和液冷板加工，已服务多家国 内外头部人形机器人公司，相关设备销量增长迅速，预计 2025 年和 2026 年利润显著增长。 AI 数据中心对高效节能冷水机组和压缩机需求激增，磁悬浮离心压缩机 成为主流选择，预计 2026 年市场规模接近 300 ...

Summary of Key Points Core Viewpoint - The total trading volume of the Shanghai and Shenzhen stock markets on December 18 reached 1.66 trillion yuan, reflecting a decrease of approximately 155.66 billion yuan compared to the previous trading day [1] Trading Volume Details - The trading volume in the Shanghai market was 704.90 billion yuan, while the Shenzhen market recorded 950.59 billion yuan [1] - New Yisheng topped the trading volume with 17.33 billion yuan, followed by Zhongji Xuchuang at 13.81 billion yuan, CATL at 11.08 billion yuan, Aerospace Electronics at 10.68 billion yuan, and Invec at 10.39 billion yuan [1]

Group 1 - The rapid growth of the cooling business in AI data centers is driven by the increasing demand for cooling solutions due to the surge in global computing power investments, with major cloud providers' capital expenditures reaching nearly $100 billion in Q3 2025, a year-on-year increase of over 70% [2][5] - The cooling system's core component is the chiller, which accounts for approximately 40% of the total energy consumption of data centers, with chillers consuming about 60-85% of the cooling equipment's energy [12][17] - Liquid cooling solutions are emerging as a key technology to meet the stringent PUE (Power Usage Effectiveness) requirements, with the potential to reduce PUE to around 1.2, significantly improving energy efficiency [9][14] Group 2 - Compressors are the core components of chillers, with magnetic levitation centrifugal compressors expected to become mainstream due to their higher cooling efficiency and lower energy consumption compared to screw compressors, potentially saving over 40% in energy [3][18] - The market for magnetic levitation chillers is projected to reach approximately 28.83 billion yuan by 2026, with a year-on-year growth of 70.4% if all new AI data centers adopt this technology [3][18] - Domestic manufacturers are making technological breakthroughs in key components of magnetic levitation compressors, which may lead to a gradual replacement of foreign brands in the market [3][49] Group 3 - The increasing power density of AI servers necessitates higher cooling capacities, with single cabinet power requirements exceeding 50 kW, driving the demand for more efficient cooling solutions [8][39] - The shift from traditional air cooling to liquid cooling is essential for meeting the cooling demands of high-density AI data centers, with centrifugal compressors being more suitable for large-scale cooling needs [39][41] - The adoption of magnetic levitation technology in centrifugal compressors enhances their efficiency and durability, making them well-suited for the high power demands of AI data centers [43][46]

每经AI快讯，12月17日，同飞股份在互动平台表示，在数据中心领域，公司推出了冷板式液冷和浸没 液冷全套解决方案，产品包括液冷分配装置（CDU）、冷液分配管（Manifold）、预制化管路、室外干 冷器、集成冷站以及浸没液冷箱体（TANK）的全系列产品。同时公司也配备了Mini风墙、冷冻水风冷 背板产品等风冷产品，以满足不同数据中心的冷却需求。 （文章来源：每日经济新闻） ...

证券日报网讯 12月17日，同飞股份在互动平台回答投资者提问时表示，在数据中心领域，公司推出了 冷板式液冷和浸没液冷全套解决方案，产品包括液冷分配装置（CDU）、冷液分配管（Manifold）、预 制化管路、室外干冷器、集成冷站以及浸没液冷箱体（TANK）的全系列产品。同时公司也配备了Mini 风墙、冷冻水风冷背板产品等风冷产品，以满足不同数据中心的冷却需求。 （文章来源：证券日报） ...

Investment Rating - The industry investment rating is "Overweight" indicating that the industry index is expected to outperform the CSI 300 index by 10% or more in the next six months [29]. Core Insights - The report emphasizes the commercialization progress of embodied intelligent robots and the expectation for the standardization system to further improve, promoting the development of the robotics industry [3][4]. - Key developments include the launch of a humanoid robot "App Store" by Yushu Technology, which facilitates model sharing and training, and the signing of a sales contract by UBTECH for humanoid robots worth over 50 million yuan [4][9]. - The establishment of the "Humanoid Robot Intelligence Grading Standard" aims to classify humanoid robots into five levels, providing a framework for technology development and product selection [12][11]. Summary by Sections 1. Robotics Industry Dynamics - Yushu Technology launched a humanoid robot "App Store" to enhance model sharing and ecosystem development [4][9]. - UBTECH signed a contract for the sale of humanoid robots with a total value exceeding 50 million yuan, focusing on the Walker S2 model [4][9]. - ZhiYuan Robotics achieved the mass production of its 5000th general-purpose humanoid robot, indicating a significant scale-up in production capabilities [4][10]. - The report highlights the need for industry standards to address issues like product homogeneity and data sharing challenges [11]. - The establishment of a public service platform for embodied intelligence aims to support technology development and resource sharing [13]. 2. Refrigeration Equipment Industry Tracking - Daikin's acquisition of Chilldyne marks a strategic move into the liquid cooling sector for data centers, enhancing its technological capabilities [14]. - Vertiv's acquisition of PurgeRite for approximately 1 billion USD reflects the industry's trend towards integrating product and service offerings in liquid cooling solutions [15]. - The demand for efficient refrigeration equipment is expected to rise due to the growth of data centers, with a projected 19% CAGR in global data center capacity from 2023 to 2030 [16][18]. 3. Market Review - The report notes that the mechanical equipment sector outperformed the CSI 300 index, with a weekly increase of 1.38%, ranking 4th among 31 sectors [23].