公司2024年受欧洲客户户储库存影响，新能源业务短期波动，2025年欧洲储能市场需求提振恢复，全球 范围内新市场业务持续拓展，公司新能源业务板块亦重回增长通道，为公司业绩贡献新动能。(文穗) 科士达（002518）于2025年8月27日晚发布2025年半年度报告，公司上半年实现营业收入21.63亿元，同 比增长14.35%；归母净利润2.55亿元，同比增长16.49%。第二季度实现收入12.19亿元，同比增长 15.00%，环比增长29.25%；第二季度归母净利润1.44亿元，同比增长51.58%，环比增长29.93%。公司 布局"数据中心+新能源"双板块业务，2025年上半年呈现双增长态势。 公司数据中心业务是其核心主业。随着AI技术的推进，国内外互联网厂商率先启动，掀起新一轮数据 中心基建热潮。产品层面，公司已布局不间断电源(UPS)、高压直流电源(HVDC)、温控、微模块、电力 模块、铅酸/锂电池等数据中心基建核心产品；在互联网领域客户端，已成为字节跳动、阿里巴巴、京 东、万国、世纪互联等互联网客户主要供应商。在海外市场，公司不断加大对海外区域布局，实现对北 美、欧洲、东南亚等数据中心市场的重大突破。 ...

Group 1 - A total of 81 listed companies in the Shanghai and Shenzhen markets have been investigated by institutions this week, with the highest frequency of inquiries in the electronics, machinery equipment, and pharmaceutical biology sectors [1] - The semiconductor, medical device, and specialized equipment sectors are the top three areas of institutional interest, while automation equipment and power industries have seen increased attention [2][3] Group 2 - Weisheng Information has the highest number of investigations, reaching 3 times, while Nanwei Medical, Anjisi, and Jinchengzi rank highest in institutional visit reception, with 184, 177, and 166 visits respectively [3][5] - The liquid cooling concept stocks have been active this week, with Feilong Co., Ltd. reporting significant developments in the liquid cooling field, including a production capacity of up to 1.2 million units annually and ongoing projects with over 120 clients [5][6] - Keda's data center business has shown year-on-year growth, with optimistic expectations for the future, benefiting from AI development [8] - Yimikang is expanding its overseas market presence, particularly in the Middle East and Southeast Asia, while also focusing on product development for domestic market needs [10] - Bojie Co., Ltd. is providing AI server testing equipment to overseas clients, incorporating self-developed liquid cooling solutions into their products [11]

Group 1: Data Center Business Growth - The overall heat in the data center industry has increased, leading to a noticeable acceleration in the company's data center business this year [1] - The company has seen a year-on-year increase in data center business growth since Q1, with a positive outlook for the entire year [1] - The data center industry is expected to benefit from AI development over the next three to five years [1] Group 2: AIDC Scenario Strategies - The surge in AI computing power demand is raising the requirements for data center construction, with a focus on modular products and integrated systems [2] - The company is developing integrated power modules that combine transformers, UPS, and distribution systems to reduce footprint and enhance power density [2] - The company aims to provide integrated solutions from multiple dimensions, including product and system integration [2] Group 3: Traditional Industry Demand Changes - Traditional industries such as finance, government, and rail transit are not expected to see rapid order demand due to capital expenditure planning, but localized deployment trends may emerge in the coming years [2] - Demand growth in these sectors is anticipated to gradually manifest over the next few years [2] Group 4: Renewable Energy Storage Business - Despite fierce competition, the renewable energy market remains broad, with emerging markets in the Middle East, Southeast Asia, and Africa continuing to show increasing demand [2] - The company is optimistic about the global renewable energy market and is actively expanding new market channels to adapt to market changes [2]