Core Viewpoint - Yidong Electronics reported a strong performance in the first half of 2025, achieving a revenue of 1.009 billion yuan, a year-on-year increase of 27.77%, marking a historical high for the same period [1] Group 1: Business Growth Drivers - Significant growth in IO high-speed communication connector products, with large-scale deliveries of OSFP 112G and OSFP-XD 224G series products [2] - Expansion in the sales scale of optical module CAGE connector components and development of new generation optical module CAGE products [2] - Development of cooling structure components targeting high heat density scenarios in GPU servers and AI data centers, including liquid cooling structures for AI computing chips [2] - Expansion into FPC/CCS product areas, including mass production of FPC products for AI smart terminals and projects with leading new energy vehicle manufacturers [2] Group 2: Liquid Cooling Plate Business Development - The liquid cooling plate business began in late 2022, initially focusing on IGBT cooling plates for electric vehicles, with production and shipments starting in 2023 [3] - The company has entered the AI computing server liquid cooling market, achieving bulk shipments of liquid cooling plate components this year [3] - Competitive advantages include mold design capabilities, multi-type business collaboration, and supply chain integration [3] Group 3: Industry Trends and Future Outlook - The trend towards liquid cooling in IO connectors is driven by increased AI computing power and energy consumption issues in data centers [4] - Yidong Electronics has over 20 years of experience in optical module CAGE production and is strategically positioned in the liquid cooling plate business [4] - Future prospects for FPC products include applications in embodied intelligent robots, panoramic cameras, drones, AI glasses, and OLED displays [4] Group 4: Core Advantages of the Company - Yidong Electronics possesses comprehensive R&D and manufacturing capabilities for precision electronic components across the entire industry chain [5] - The company offers integrated solutions and diverse product services to leading clients, with strong manufacturing capabilities and a product matrix that aligns with emerging industry developments [5]