Grid energy storage has become the main demand for liquid cooling, with limited contributions to the performance of AI servers.

Since the beginning of this year, as one of the main players in AI infrastructure, the liquid cooling industry has seen a rise in prosperity. However, according to journalists' research, among the companies in the liquid cooling sector, those with outstanding performance growth mainly derive their profits from sectors such as electricity grid, energy storage, and new energy vehicles, while the performance contribution of AI servers and data center construction, which are highly anticipated, to liquid cooling server companies is very limited. Currently, the concept of liquid cooling servers has attracted many listed companies from various industries, ranging from electronics, computers, mechanical equipment, automotive parts manufacturers to basic chemical industries. According to Wind statistics, in the first half of 2025, about six out of ten listed companies in the liquid cooling server sector achieved year-on-year growth in net profit attributable to parent company shareholders, with leading companies experiencing explosive performance growth, such as Gaolan Technology with a year-on-year growth of around 14 times, Science Innovation with growth of over 5 times, and Tongfei shares, Huazheng New Materials, and others achieving doubled growth.