Core Insights - The report identifies liquid cooling as a strategic investment opportunity, potentially replicating the success of optical modules and PCBs, with strong growth prospects driven by AI computing needs and stringent energy efficiency standards [2][3] - Liquid cooling is characterized by three main features: strong growth, complete narrative, and favorable odds, indicating a favorable market environment for investment [2] - The industry is transitioning from speculative hype to a high-growth phase with confirmed orders, as evidenced by significant order increases from key suppliers like Vidi Technology [3] Industry Trends - The liquid cooling industry is entering a high-growth phase with a 252% year-over-year increase in organic orders reported by Vidi Technology, highlighting strong market demand [3] - Major tech companies like NVIDIA and Google are adopting liquid cooling as a mandatory standard for their next-generation platforms, indicating a shift from optional to essential technology in AI computing [3] - The industry is witnessing a wave of mergers and acquisitions, with companies like Liying Intelligent Manufacturing acquiring liquid cooling suppliers to secure positions in the AI server supply chain [3] Liquid Cooling Industry Chain - The liquid cooling industry chain consists of three main segments: upstream components, midstream system integration and manufacturing, and downstream applications [4] - Upstream includes key technologies and components such as cooling fluids and CDU, which have high technical barriers and value [4] - Midstream integrates upstream components to provide complete liquid cooling server solutions, with technical integration capabilities as a core barrier [4] - Downstream focuses on high-performance data center operators and industry users driving the large-scale adoption of liquid cooling [4]

Core Viewpoint - The A-share market shows positive momentum with significant gains in various sectors, particularly in the small metals, electric grid equipment, and semiconductor industries, while the film and gaming sectors are experiencing declines [3]. Market Performance - The Shanghai Composite Index rose by 0.12% to 4137.06, while the Shenzhen Component Index increased by 0.8% to 14274.93. The ChiNext Index saw a rise of 1.18% to 3323.56, and the STAR Market Index gained 0.93% to 1804.89 [4][12]. - Over 2700 stocks in the market experienced an increase by midday [3]. Sector Highlights - The electric grid equipment sector showed strong performance, with companies like Hailianxun rising over 18% and others reaching their daily limit [4]. - The shipping sector also performed well, with China Merchants Energy hitting its daily limit and achieving a historical high [5]. - The computing power leasing sector saw significant gains, with Yuke Technology hitting its daily limit and other companies like Dazhi Technology and Capital Online also rising [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets exceeded 1 trillion yuan [6]. Currency Movement - The offshore RMB against the US dollar broke the 6.9 yuan mark, indicating a strengthening of the currency [8]. Stock Movements - The film and cinema sector continued to adjust, with companies like Hengdian Film and Bona Film hitting their daily limit down [9]. - AI application stocks in the Hong Kong market showed strength, with Zhiyuan rising over 11% [10].

证券日报网讯 2月9日，飞荣达在互动平台回答投资者提问时表示，公司作为国内领先的电磁屏蔽及热 管理解决方案供应商，可根据客户的需求提供以不同材料的组合设计的产品，为客户提供定制化的电磁 屏蔽、导热散热以及轻量化应用解决方案。公司在液冷领域布局多年，已构建起较强的液冷产品设计、 制造和测试能力，目前公司在服务器、数据中心等领域的散热产品包含TIM材料及各类散热器、风扇、 3D VC散热器、单相液冷冷板模组、两相液冷冷板模组、流量控制仪，CDU等，且与国内主流服务器厂 商达成供应合作，部分产品已实现批量交付。同时，公司在微通道液冷板技术方面有一定技术储备。未 来，公司将持续加大对液冷相关产品的研发及技术创新投入，不断探索和深化液冷技术在各个领域的应 用，以推动公司产业进步和满足市场需求。 （文章来源：证券日报） ...

格隆汇2月9日丨飞荣达(300602.SZ)在投资者互动平台表示，公司作为国内领先的电磁屏蔽及热管理解 决方案供应商，可根据客户的需求提供以不同材料的组合设计的产品，为客户提供定制化的电磁屏蔽、 导热散热以及轻量化应用解决方案。公司在液冷领域布局多年，已构建起较强的液冷产品设计、制造和 测试能力，目前公司在服务器、数据中心等领域的散热产品包含TIM材料及各类散热器、风扇、3D VC 散热器、单相液冷冷板模组、两相液冷冷板模组、流量控制仪，CDU等，且与国内主流服务器厂商达 成供应合作，部分产品已实现批量交付。同时，公司在微通道液冷板技术方面有一定技术储备。未来， 公司将持续加大对液冷相关产品的研发及技术创新投入，不断探索和深化液冷技术在各个领域的应用， 以推动公司产业进步和满足市场需求。 ...

格隆汇2月9日丨飞荣达(300602.SZ)在投资者互动平台表示，公司目前持有锐盟半导体3%股权。 ...

（记者 张明双） 每经头条（nbdtoutiao）——仅老年独居者就数千万，谁能帮他们从容老去？意定监护在国内诞生已14 年，距全面落地还差"最后一公里" 每经AI快讯，飞荣达2月5日晚间发布公告称，近日，公司董事会收到公司控股股东、实际控制人马飞 先生及其一致行动人黄峥女士、飞驰投资出具的《关于股东减持计划期限届满暨减持结果的告知函》， 公司股东马飞、黄峥、飞驰投资共减持公司股份约1364万股。 ...

深圳市飞荣达科技股份有限公司 关于控股股东、实际控制人及其一致行动人减持计划 期限届满暨减持结果的公告 控股股东、实际控制人马飞先生及其一致行动人黄峥女士、马军先生、宁波 飞驰荣达股权投资有限公司保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 深圳市飞荣达科技股份有限公司（以下简称"公司"）于2025年10月15日披露了 《关于控股股东、实际控制人及其一致行动人股份减持计划的预披露公告》（公告编 号：2025-068），控股股东、实际控制人马飞先生计划以大宗交易方式减持其直接持 有公司股份合计不超过1,158,212股，占公司总股本的0.1991%（以公司总股本 58,186.3431万股为基数，下同）；其一致行动人黄峥女士计划以大宗交易方式减持其 直接持有公司股份合计不超过5,818,634股，占公司总股本的1.0000%；其一致行动 人宁波飞驰荣达股权投资有限公司（以下简称"飞驰投资"）计划以大宗交易及集中 竞价交易方式合计减持公司股份不超过6,727,586股，占公司目前总股本的1.1562%。 上述股东减持 ...

Group 1: Agricultural and Rural Development - The 2026 Central Document emphasizes modernizing agriculture and rural areas, aiming for comprehensive rural revitalization as a primary focus [2] - It highlights the importance of enhancing agricultural policies, ensuring food security, and improving rural living conditions to support China's modernization [2] Group 2: State-Owned Enterprises and Innovation - The State-owned Assets Supervision and Administration Commission (SASAC) is pushing for the development of strategic emerging industries and the transformation of traditional industries [3] - There is a focus on fostering technology-driven enterprises and enhancing collaboration between state-owned enterprises and research institutions to drive innovation [3] Group 3: Energy and Fuel Prices - Starting February 3, domestic gasoline and diesel retail prices will increase by 205 yuan and 195 yuan per ton, respectively, leading to an increase of 0.16 yuan per liter for 92-octane gasoline [4] Group 4: Technological Advancements and Investments - Shanghai is prioritizing the development of future industries such as brain-computer interfaces and fourth-generation semiconductors [5] - The Beijing Humanoid Robot Innovation Center has secured over 700 million yuan in market financing, marking a significant step towards market operation and industrialization [5] Group 5: Robotics and AI Innovations - Zhejiang University has launched the Bolt humanoid robot, which is currently the fastest in the world, capable of running at 10 meters per second [6] - A new AI-assisted puncture navigation robot has received approval for market entry, showcasing advancements in AI technology for clinical applications [6] Group 6: Market Movements and Stock Performance - The South Korean stock market experienced significant volatility, with the composite index dropping over 5% before rebounding and triggering a trading halt [9] - Major indices in the US and A-shares showed positive performance, with the Dow Jones increasing by 1.05% and the Shanghai Composite Index rising by 1.29% [14][15] Group 7: Semiconductor Industry Developments - Samsung and SK Hynix are planning to expand their advanced NAND flash memory production capacity, with Samsung discussing a monthly investment of 40,000 to 50,000 wafers [10] - Samsung Electro-Mechanics is advancing its semiconductor glass substrate project, aiming for commercialization by 2027 [11] Group 8: Corporate Mergers and Strategic Moves - Elon Musk announced the merger of SpaceX and xAI to create a space-based data center, emphasizing the need for AI infrastructure in space to meet growing energy demands [12]

通过天眼查大数据分析，深圳锐盟半导体有限公司共对外投资了4家企业，知识产权方面有商标信息19 条，专利信息37条，此外企业还拥有行政许可17个。 天眼查信息显示，深圳锐盟半导体有限公司的股东为：黎冰、深圳锐合管理咨询合伙企业（有限合 伙）、深圳锐驰商业咨询合伙企业（有限合伙）、深圳锐和盟芯半导体企业（有限合伙）、南京绿涌锦 航股权投资管理合伙企业（有限合伙）。 来源：市场资讯 2月3日，天眼查融资历程显示，深圳锐盟半导体有限公司近日获得"A轮"融资，涉及融资金额近亿人民 币，投资机构为松禾资本，飞荣达，华融盛资本，深圳市天使母基金。 资料显示，深圳锐盟半导体有限公司法定代表人为杨谦，成立于2020年，位于深圳市，是一家以从事软 件和信息技术服务业为主的企业。企业注册资本685.763898万人民币，并已于2026年完成了A轮，交易 金额近亿人民币。 ...

2月3日，据松禾资本消息，锐盟半导体于近日宣布完成新一轮近亿元融资。本轮融资由松禾资本领投， 投资方包括飞荣达（300602）、华融盛资本、深圳天使母基金等。 ...