Core Viewpoint - The company, Cheng Tian Wei Ye, announced a joint investment with superX to establish a joint venture focused on the global AIDC cabinet liquid cooling product market, aiming to enhance overseas sales channels [2] Group 1: Joint Venture and Strategy - The joint venture will integrate various advantages to jointly explore the global market for AIDC cabinet liquid cooling products [2] - The focus will be on designing customized cabinet-level liquid cooling solutions, with profit retention expected [2] - Liquid cooling component orders will be handled through an ODM model by the company's controlling subsidiary, promoting internal business synergy [2] Group 2: Financial and Ownership Structure - The company will invest through its wholly-owned subsidiary, Hong Kong Cheng Tian, using its own funds to hold a 25% stake in the joint venture [2] - This initiative is anticipated to accelerate the scaling of the company's liquid cooling products in overseas markets [2]

Core Insights - Cheng Tian Wei Ye has announced a deep collaboration with SuperX AI Technology to establish a joint venture, SuperX Cooltech, in Singapore, marking its entry into the global AI liquid cooling market [1] Group 1: Market Trends - The demand for liquid cooling solutions is surging due to the explosive growth in AI computing power, driven by the rise of generative AI applications like ChatGPT [3] - The global computing power is expected to grow at a rate exceeding 50% over the next five years, with projections indicating it will surpass 16 ZFlops by 2030, where intelligent computing will account for over 90% [3] - Traditional air cooling systems are becoming less efficient as cabinet power density exceeds 30 kW, making liquid cooling the only viable solution for high-density computing environments [3] Group 2: Industry Growth Projections - The liquid cooling market is projected to reach $21.14 billion by 2032, with a compound annual growth rate (CAGR) of approximately 33.2% from 2025 to 2032 [4] - High-density cabinets (≥40 kW/rack) are becoming the core scenario for liquid cooling deployment, with significant penetration expected post-2027 [4] Group 3: Joint Venture Advantages - The establishment of SuperX Cooltech is timely, focusing on cabinet-level liquid cooling solutions that address the industry's shift towards system-level thermal management [4] - The joint venture aims to provide a comprehensive range of products, from cooling distribution units to complete cabinet thermal management systems, aligning with the needs of global AI computing centers [4] Group 4: Competitive Edge - The core competitiveness of SuperX Cooltech stems from the deep integration of technology, resources, and capabilities between Cheng Tian Wei Ye and SuperX, creating a system-level competitive barrier [6] - SuperX brings global market insights and system integration experience, while Cheng Tian Wei Ye offers robust technical and manufacturing support, enhancing the joint venture's ability to meet high-quality supply chain demands [6] Group 5: Future Outlook - SuperX Cooltech is committed to providing efficient and reliable liquid cooling solutions for international data center clients, promoting the industrialization and large-scale application of cabinet-level liquid cooling products [7] - The joint venture is positioned to become a leading player in the global liquid cooling sector, supporting the healthy development of the AI industry with stable and efficient thermal management solutions [8]

Core Insights - Cheng Tian Wei Ye officially enters the global AI liquid cooling market through a joint venture with SuperX AI Technology Limited, aiming to provide efficient and reliable liquid cooling solutions for international data centers [1][3] Group 1: Market Trends - The demand for AI computing power has surged due to the rise of generative AI, leading to a shift in data center investments from general computing to intelligent computing [1] - Dongwu Securities predicts that global computing power will grow at over 50% annually for the next five years, exceeding 16 ZFlops by 2030, with intelligent computing accounting for over 90% [1][2] Group 2: Technological Advancements - The rapid increase in power density in server cabinets, from 5-10 kW to over 40 kW, has highlighted the limitations of traditional air cooling systems, making liquid cooling the only viable solution for high-density computing [2] - Industry reports forecast that the liquid cooling market could reach $21.14 billion by 2032, with a compound annual growth rate of approximately 33.2% from 2025 to 2032 [2] Group 3: Joint Venture Strategy - SuperX Cooltech focuses on cabinet-level liquid cooling solutions, addressing the transition from "distributed cooling" to "system-level thermal management" in global AI computing centers [3] - The joint venture leverages the complementary strengths of Cheng Tian Wei Ye and SuperX, creating a competitive barrier and delivering differentiated value to global customers [4] Group 4: Future Outlook - Industry experts believe that SuperX Cooltech is poised to become a leader in the global liquid cooling sector, providing stable and efficient thermal management support for the AI industry while establishing a solid foundation for Cheng Tian Wei Ye's long-term growth [5]

Core Viewpoint - The company is advancing its overseas business development by forming a joint venture with key partners to invest in liquid cooling solutions for artificial intelligence data centers, aiming to leverage combined strengths in customer resources and technology [1][2] Investment Details - The total investment in the joint venture, SuperXCooltech, amounts to 2 million Singapore dollars, with contributions from various parties: 500,000 SGD (approximately 2.75 million RMB) from Hong Kong Cheng Tian, 600,000 SGD (approximately 3.3 million RMB) from Song Jiabin, 200,000 SGD (approximately 1.1 million RMB) from Shen Lei, and 700,000 SGD (approximately 3.85 million RMB) from SuperX [1] - The equity stakes in the joint venture are distributed as follows: Hong Kong Cheng Tian holds 25%, Song Jiabin 30%, Shen Lei 10%, and SuperX 35% [1] Strategic Objectives - The joint venture aims to capitalize on the rapid growth of the global artificial intelligence data center (AIDC) industry by focusing on cabinet-level liquid cooling solutions, which involve comprehensive heat management for server clusters [2] - The collaboration seeks to create a brand, "SuperXCooltech," to provide efficient and reliable liquid cooling solutions to international data center clients, promoting the industrialization and large-scale application of these products [2] - The company plans to enhance its business growth path by leveraging partner resources for collaborative development and will implement a robust post-investment management and supervision mechanism to monitor the joint venture's operations and financial status [2]