Core Viewpoint - The company plans to invest 201 million RMB in Chongqing to establish a research and production base for intelligent computing liquid cooling and battery thermal management systems [1] Investment Details - The investment will be made using self-owned and self-raised funds [1] - The project aims to enhance the production capacity of intelligent computing liquid cooling and battery system components [1] Market and Product Development - The company has achieved breakthroughs and deliveries with key customers in both intelligent computing liquid cooling and battery system thermal management [1] - Upon completion, the project will provide customized liquid cooling solutions for high-heat chips such as AI computing servers, GPUs, and CPUs [1] - The company has completed the development and validation of core products to meet the flexible deployment and operation needs of data centers and battery systems [1]

Core Insights - The company reported a revenue of 1.002 billion yuan for the first three quarters, representing a year-on-year growth of 19.44%, while the net profit attributable to shareholders decreased by 6.67% to 101 million yuan [1] - The company announced an investment agreement with the Chongqing Jiangbei District People's Government to invest 201 million yuan in building an intelligent cooling research and development center and a battery thermal management system production base [1] - The project will focus on two main areas: intelligent cooling technology for high heat density dissipation and the development of high integration battery thermal management systems [1] Financial Performance - The company achieved a net cash flow from operating activities of 183 million yuan, a significant increase of 725.11% year-on-year [1] - The decrease in net profit indicates potential challenges in profitability despite revenue growth [1] Project Development - The project site covers approximately 40.27 acres and is expected to take about 24 months to complete, with production expected to reach full capacity within four years after completion [1] - The intelligent cooling technology aims to develop advanced liquid cooling solutions for AI chips and data center servers, while the battery thermal management system will focus on high heat dissipation and integration [1] Market Positioning - The project is expected to enhance the company's production capacity for intelligent cooling and battery system components, providing customized liquid cooling solutions for high-heat chips such as AI servers, GPUs, and CPUs [2] - Successful project execution will help the company enter the supply chain of leading intelligent cooling and battery thermal management systems, fostering deeper collaborations with major domestic server and battery system integrators [2]