Core Insights - The company has launched a full-stack liquid cooling product line, supporting cold plate liquid cooling across all server products, and is innovating continuously in liquid cooling technology [1] - The company offers a comprehensive lifecycle solution for liquid cooling data centers, from planning and design to construction and implementation, aimed at creating energy-efficient data centers [1] - The company holds over 800 core patents in the liquid cooling technology field and has participated in the formulation of more than 20 design standards related to cold plate and immersion liquid cooling [1] - The company has led the drafting of the first domestic standards for core components of cold plate liquid cooling and the first technical standards for liquid-gas heat exchange liquid cooling data centers, laying the groundwork for global expansion of domestic liquid cooling solutions [1] - The company's liquid cooling servers have been deployed in various industries, and its "All in liquid cooling" strategy has gained market recognition [1] R&D and Market Position - The company has made significant advancements in liquid cooling technology, including cold plate and immersion cooling, and has established a strong patent portfolio [3] - The company's liquid cooling solutions are competitive in the market, with a focus on maintaining a strong position and market share [3] - The company is actively seeking orders or procurement agreements from leading customers in anticipation of market demand for the upcoming year [3]

Core Viewpoint - The company has made significant advancements in server liquid cooling technology, holding over 800 core patents and actively participating in the establishment of industry standards [2]. Group 1: Company Innovations - The company has launched a full-stack liquid cooling product line, with all server products supporting cold plate liquid cooling [2]. - It offers a comprehensive lifecycle solution for liquid cooling data centers, from planning and design to construction, aimed at creating energy-efficient data centers [2]. Group 2: Patents and Standards - The company holds more than 800 patents in the field of liquid cooling technology [2]. - It has participated in the formulation of over 20 design technical standards related to cold plate and immersion liquid cooling [2]. - The company has led the drafting of the first domestic core component standards for cold plate liquid cooling and the first technical standards for liquid-gas heat exchange liquid cooling data centers, laying the groundwork for international standards in the liquid cooling sector [2].

Group 1: Stock Market Activity - 28 stocks were listed on the institutional trading leaderboard, with 12 stocks seeing net buying and 16 stocks experiencing net selling [1] - The top three stocks with the highest net buying by institutions were: Lixing Co., Ltd. (1.45 billion), Inspur Information (1.3 billion), and Heng'erda (1.06 billion) [1] Group 2: Key Stocks Overview - Lixing Co., Ltd. (300421.SZ) saw a price increase of 7.05% with 4 buyers and 1 seller [2] - Inspur Information (000977.SZ) experienced a price increase of 9.99, with 1 buyer and 1 seller [2] - Heng'erda had 4 institutions net buying 1.06 billion, and the company is actively promoting the localization of high-precision thread grinding machines and the industrialization of ball screws and planetary roller screws [3] Group 3: Industry Developments - Alibaba Cloud is expanding its global infrastructure, adding data centers in Brazil, France, and the Netherlands, supported by nine departments for establishing international data centers and cloud computing centers in various regions [3] - Inspur Information has maintained the top position in China's liquid cooling server market for three consecutive years, with over 700 core patents in liquid cooling technology [3] - China Fusion Company is set to build a fusion experimental device in Shanghai to verify its high-temperature superconducting magnets [5] - Shanghai Electric is actively involved in the nuclear fusion industry, focusing on the mainstream research direction of magnetic confinement with Tokamak technology [5]