证券研究报告 公司研究 / 公司点评 2026 年 01 月 12 日 CES 2026 蓝思科技发布前沿应用进展 电子 ——蓝思科技（300433.SZ）公司点评 财务数据及盈利预测 | xuliang@ajzq.com | 报告期 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | --- | | 联系人 | 营业总收入（百万元） | 54,491 | 69,897 | 90,657 | 112,837 | 134,903 | | | 同比增长率（%） | 16.7% | 28.3% | 29.7% | 24.5% | 19.6% | | 朱俊宇 | 归母净利润（百万元） | 3,021 | 3,624 | 5,424 | 6,705 | 7,931 | | S0820125040021 | 同比增长（%） | 23.4% | 19.9% | 49.7% | 23.6% | 18.3% | | 021-32229888-25520 | 每股收益（元/股） | 0.57 | 0.69 | 1.09 | 1 ...

Core Viewpoint - The company is leveraging its liquid cooling technology to support the construction of intelligent computing centers in Hangzhou, aiming to capture a share of the local market driven by the city's digital trade goals of 440 billion yuan [1] Group 1: Company Strategy - The company offers a comprehensive liquid cooling solution that includes both cold plate and immersion cooling technologies, covering the entire product chain from nodes to data centers [1] - The company has established a full lifecycle service system for data centers, enhancing reliability, energy efficiency, and intelligence [1] - The company is actively involved in the formulation of liquid cooling technology standards and has successful deployment experience in national and local intelligent computing center projects [1] Group 2: Market Engagement - The company plans to collaborate with local enterprises and institutions to provide efficient and green liquid cooling technology support for the construction of intelligent computing centers in Hangzhou [1]