依米康指出，上市公司不断投入资源，夯实精密散热产品为核心，整合智能工程、软件平台与智慧运维 的全栈式算力精密散热能力；另一方面，依米康紧跟下游行业对精密散热产品需求不断扩张的市场行 情，确定了"锚定大客户"的经营策略，紧跟国内大厂建设需求，上市公司精密散热产品订单持续增长。 此外，依米康还持续加强海外订单的拓展，精密散热产品海外订单亦大幅增长。 值得关注的是，全球AI科技革命带来了层出不穷的算力应用场景，对算力设备和承载算力的数据中心 均提出更高的要求。同时，随着新一轮科技和产业变革的加速演进，算力作为"新质生产力"的核心要 素，正全面融入国家战略与实体经济、政策支持、技术创新、应用深化和绿色转型共同驱动的产业升 级，各类主体均涉及智能化、数字化的需求。 毫无疑问，这些都带来了数字基础设施大发展的市场需求。 早在2025年半年报中，依米康就曾表示，在训练侧模型能力涌现，参数量和训练数据量爆发级增长，双 轮拉动了算力需求的增长；单一的文本模型已转向多模态大模型，训练数据从文本数据变为图像、视频 数据，进一步拉动算力需求提升。在推理侧，各厂商基于AI大模型开发各类AI应用，随着AI应用用户 数量爆发，对应推理侧算 ...

Core Insights - The core viewpoint of the news is that Yimikang Technology Group Co., Ltd. has signed a share transfer agreement with Sichuan Development Securities Investment Fund Management Co., Ltd., which will enhance the company's capital structure and support its growth in the computing power sector [1][2]. Group 1: Share Transfer Agreement - On October 15, Yimikang's controlling shareholder, Sun Yizheng, transferred 22,024,400 shares, representing 5% of the total share capital, to Sichuan Development Securities Fund for over 267 million yuan, at a price of 12.128 yuan per share [1]. - The Sichuan Development Securities Fund is the largest state-owned capital relief fund in Sichuan, established to alleviate the difficulties faced by listed companies and support their transformation and upgrading [1][2]. Group 2: Financial Impact and Growth Strategy - The strategic investment by Sichuan Development Securities Fund is based on confidence in Yimikang's future development and investment value, with a commitment to lock the shares for 12 months [2]. - Yimikang has shifted its focus to the information data sector after divesting its environmental business in 2022, leading to significant growth in its financial performance, with a 54.82% increase in revenue to 737 million yuan and a 124.13% increase in net profit to 14.92 million yuan for the first half of 2025 [3]. Group 3: Market Expansion and Product Development - Yimikang is actively expanding its overseas market presence, having established a wholly-owned subsidiary in Malaysia to enhance local service capabilities and coordinate resources for key markets in Malaysia, Thailand, and Singapore [3]. - The company has developed a comprehensive product line, including large prefabricated indirect evaporative cooling solutions and integrated fluorine pump systems, which positions it well for project acquisition and collaboration in the computing power infrastructure sector [4].

Core Viewpoint - The transaction between Yimikang and Sichuan Capital Market Relief Development Fund highlights the strategic alignment of state-owned capital with national industrial development, particularly in the computing power sector, while also optimizing Yimikang's equity structure for future growth [1][4]. Group 1: Transaction Details - Yimikang's controlling shareholder, Sun Yizheng, transferred 22,024,400 shares to Sichuan Relief Development Fund, representing 5% of the total share capital, for a total transaction price of 267 million yuan, with a per-share transfer price of 12.128 yuan [1]. - The Sichuan Relief Development Fund is a professional capital operation platform under Sichuan Development (Holding) Co., Ltd., focusing on supporting listed companies' transformation and upgrading through capital [2]. Group 2: Company Performance and Strategy - Since establishing a focus on the information data sector in 2022, Yimikang has seen rapid growth, achieving a revenue of 737 million yuan in the first half of 2025, a year-on-year increase of 54.82%, and a net profit of 14.92 million yuan, up 124.13% [3]. - Yimikang has expanded its engineering business into intelligent computing center construction and accelerated its international market presence, with overseas revenue reaching 62.32 million yuan, a 60.31% increase year-on-year [3]. - The company is actively pursuing major clients like Alibaba and ByteDance, and has initiated a refinancing plan to enhance its computing power temperature control capabilities [3]. Group 3: Industry Context - The rise of artificial intelligence is driving diverse computing power demands, and policies like "East Data West Computing" are expanding the digital infrastructure market [4]. - The entry of state-owned capital through the Sichuan Relief Development Fund is expected to provide strong support for Yimikang, facilitating its market expansion [4].