Group 1 - The A-share market has seen significant growth in the liquid cooling concept, with the liquid cooling concept index rising over 36% since the second half of 2025, leading all concept sectors in growth [1] - Siquan New Materials (301489.SZ) has experienced a remarkable increase of 193.27% in its stock price since the second half of 2025, making it a standout performer in the liquid cooling sector [1] Group 2 - Siquan New Materials, established in 2011 and listed on the Shenzhen Stock Exchange in October 2023, specializes in providing solutions for electronic system protection and thermal control technology [5] - The company has built a complete production chain for artificial synthetic graphite sheets, ensuring strict quality control and management [5] Group 3 - Siquan New Materials has shown consistent revenue growth, with a net profit exceeding 50 million yuan annually since 2020, although the growth rate has been declining [7] - In Q1 2025, the company reported a revenue increase of 93.59% and a net profit increase of 79.57%, marking its best quarterly performance in nearly four years [7] Group 4 - The company is expected to benefit from multiple factors driving future profit growth, including market demand expansion, policy incentives, and increased orders from North American clients [7] - Siquan New Materials has received various technological qualifications, including national and provincial-level recognitions as a high-tech enterprise and a specialized small giant [9] Group 5 - The liquid cooling market is projected to grow significantly, with a forecasted 67% year-on-year increase in China's liquid cooling server market size, reaching $2.37 billion in 2024 [11] - The company has a comprehensive thermal management product system, including graphite thermal films and heat pipes, to meet diverse cooling needs in electronic products [16] Group 6 - Siquan New Materials is positioned to capitalize on the transition from air cooling to liquid cooling, driven by the increasing power density of AI computing [16] - The company plans to invest approximately 31.59 million yuan to advance its liquid cooling research and development center project, aiming to become a key player in the liquid cooling sector [16] Group 7 - As of August 21, 2025, Siquan New Materials' stock price reached 168.6 yuan per share, resulting in a dynamic PE ratio of 192.07, which exceeds the target valuation set by analysts [17]

Group 1 - The A-share market has seen significant growth in the liquid cooling concept, with the liquid cooling concept index rising over 36% since the second half of 2025, leading all concept sectors in growth [2] - Siquan New Materials (301489.SZ) has experienced a remarkable increase of 193.27% in its stock price since the second half of 2025, making it a standout performer in the liquid cooling sector [2] Group 2 - Siquan New Materials, established in 2011 and listed on the Shenzhen Stock Exchange in October 2023, specializes in providing solutions for electronic system protection and thermal control technology [3] - The company has built a complete production chain for artificial synthetic graphite sheets, ensuring strict quality control and management [3] Group 3 - Siquan New Materials has shown consistent revenue growth, with a non-net profit exceeding 50 million yuan annually since 2020, although the growth rate has been declining [5] - In Q1 2025, the company reported a revenue increase of 93.59% and a net profit increase of 79.57%, marking its best quarterly performance in nearly four years [5] Group 4 - The company holds multiple technology qualifications, including national and provincial-level specialized small and medium-sized enterprises and high-tech enterprises, and has participated in setting national standards in the graphite materials field [6] - As of the end of 2024, Siquan New Materials has nearly 150 patent applications, representing a fivefold increase since 2016 [8] Group 5 - The liquid cooling market is expected to grow significantly, with a projected 67% year-on-year increase in China's liquid cooling server market size, reaching $2.37 billion in 2024 [10] - The global AI server liquid cooling market is anticipated to reach $3.07 billion in 2025 and $8.58 billion in 2026 [10] Group 6 - Siquan New Materials has a comprehensive thermal management product system, including graphite cooling films and heat pipes, to meet various electronic product cooling needs [11] - The company plans to invest 31.59 million yuan to advance its liquid cooling research and development center project, positioning itself as a key beneficiary in the liquid cooling sector [11] Group 7 - As of August 21, 2025, Siquan New Materials' stock price was 168.6 yuan per share, with a dynamic PE ratio of 192.07, exceeding the target price and market value set by analysts [12]