Core Viewpoint - Chuanrun Co., Ltd. reported a revenue of approximately 804 million yuan for the first half of 2025, marking a year-on-year increase of 25.08%, while the net profit attributable to shareholders was a loss of 23.57 million yuan, a reduction from the previous year's loss of 56.60 million yuan [1][3] Financial Performance - The company achieved a revenue of 312 million yuan in Q1 2025, a year-on-year growth of 9.44%, with a net profit of -28 million yuan; in Q2 2025, revenue rose to 492 million yuan, reflecting a 37.54% increase, and a net profit of 0.4 million yuan [3] - The net cash flow from operating activities turned positive at approximately 1.41 million yuan, attributed to strategic adjustments in subsidiaries reducing bulk trade purchases [1][3] Shareholder Changes - In Q2 2025, new institutional shareholders included UBS and Morgan Stanley, with JPMorgan increasing its stake by approximately 951,500 shares [5] - The stock price of Chuanrun Co., Ltd. surged by 63.52% from July 31 to August 19, 2025, benefiting from the growth in liquid cooling business [5] Business Developments - The company launched a comprehensive liquid cooling solution and signed a strategic cooperation agreement with Xiangjiang Technology, a leading enterprise in data center infrastructure [5] - Chuanrun Co., Ltd. is actively expanding its business in liquid cooling and temperature control technologies for applications in data centers, cloud computing, and AI [5]