Summary of Conference Call Records Industry Overview Micro Pump Liquid Cooling Technology - Huawei's upcoming Mate 80 RS is expected to feature a proprietary micro pump cooling chip, marking a potential first in commercial-grade technology integration within the smartphone industry [1] - The micro pump liquid cooling system consists of a liquid cooling drive chip, piezoelectric micro pump, and flexible liquid cooling membrane, which efficiently dissipates heat through a closed-loop system [1] - Major manufacturers like Huawei, Xiaomi, and Vivo are adopting this technology, with the liquid cooling module valued over 50 yuan per unit, indicating a market potential exceeding 10 billion yuan [1] Key Companies - **Rifeng Co., Ltd.**: Reportedly the main supplier of liquid cooling plates for Huawei's micro pump liquid cooling phone cases, also involved in 5G base station power and communication cables [1] Low-Power High-Voltage Piezoelectric Micro Pump - Aiwei Electronics has developed a low-power high-voltage 180Vpp piezoelectric micro pump liquid cooling product, set for mass production in Q4 2025 [2] - Related companies include Nanchip Technology and Zhihua Power, both advancing liquid cooling solutions [2] Foldable Screen Technology - Apple is anticipated to launch its first foldable screen phone in late 2026, with production expected to start in Q3 2025 [2] - The foldable phone market is projected to grow, with an estimated 12 billion USD market value for hinges by 2025 [2] Key Companies - **Yian Technology**: Allegedly a supplier of liquid metal hinges for Apple's foldable screens [2] Market Opportunities Liquid Cooling Ecosystem - Intel has established a universal quick connector (UQD) interoperability alliance, aiming to innovate liquid cooling technology [4] - The GB300 UQD connector's size has been reduced to one-third, with a projected market size of 80 billion yuan by 2026 [4] Key Companies - **Chuanhuan Technology**: Engaged in liquid cooling pipeline and UQD supply [4] - **Yingwei Technology**: A certified partner in Intel's UQD alliance [4] Potassium Hexafluorophosphate (KPF6) - A breakthrough in KPF6 allows for cooling across a wide temperature range, from room temperature to -269°C, making it the only solid-state phase change cooling material [6] - The market for KPF6 is estimated to reach 8-12 billion yuan in the short term and over 50 billion yuan by 2030 [7] Key Companies - **Tianji Co., Ltd.**: A leading manufacturer of lithium hexafluorophosphate and related products [7] Financial Performance Jinbai Ze - Industrial Fulian's stock surged, with a market capitalization nearing 1 trillion yuan, driven by a 60% year-on-year revenue growth in AI server sales [9] Renhe Pharmaceutical - The company has developed the world's first brain-machine interaction smart glasses, targeting a market exceeding 300 billion yuan for youth myopia prevention [11] Jilin Chemical Fiber - The company holds over 30% market share in artificial silk production, with a significant focus on viscose filament and carbon fiber [12] Huasheng Co., Ltd. - The company is acquiring Shenzhen Yixin Technology, which specializes in energy-saving technologies for data centers [14] Risk Warning - The information provided is subject to change and should not replace independent judgment or decision-making by investors [20]