Core Viewpoint - The company Lingyi Zhi Zao (002600) has acquired control of Readore (立敏达) for 875 million yuan, enhancing its capabilities in the North American server liquid cooling market [1] Group 1: Acquisition Details - The acquisition was completed in January 2026, with a cash payment of 875 million yuan [1] - Readore has officially become a subsidiary of the company and is included in the consolidated financial statements [1] Group 2: Readore's Business and Market Position - Readore specializes in core thermal management hardware products, including server liquid cooling quick-disconnect connectors, liquid cooling manifolds, and phase change liquid cooling modules [1] - The company has established itself as a key supplier for leading clients in the North American computing power industry, ensuring continuous bulk deliveries [1] Group 3: Strategic Benefits of the Acquisition - The acquisition is expected to facilitate rapid access to technology reserves and customer certification qualifications in the North American server liquid cooling business [1] - It aims to reduce development costs and product validation cycles for server power-related products, thereby enriching the company's product matrix in the server segment [1] - The move is anticipated to enhance the scale and profitability of the company's AI hardware server segment [1]

Core Viewpoint - The acquisition of Lidmind by Lingyi Zhizao for 875 million yuan enhances the company's capabilities in the North American computing power industry, particularly in server liquid cooling solutions [1] Group 1: Acquisition Details - Lingyi Zhizao acquired control of Lidmind through a cash purchase of 875 million yuan, effective January 2026 [1] - Lidmind has officially become a subsidiary of Lingyi Zhizao and is included in the consolidated financial statements [1] Group 2: Business Operations - Lidmind's main business includes core thermal management hardware products such as server liquid cooling quick-disconnect connectors, liquid cooling manifolds, and phase change liquid cooling modules [1] - Lidmind has established itself as a key supplier for top clients in the North American computing power industry, continuously delivering products in bulk [1] Group 3: Strategic Benefits - The acquisition is expected to facilitate Lingyi Zhizao's rapid acquisition of technical reserves and customer certification qualifications in the server liquid cooling business [1] - It aims to reduce the development costs and product validation cycles for server power-related products, enriching the product matrix of the company's server segment [1] - The move is anticipated to enhance the business scale and profitability of Lingyi Zhizao's AI hardware server segment [1]