According to the Guohai Securities Research Report, Shenling Environmental is exploring the North American market for AI liquid cooling, and convertible bonds are increasing liquid cooling production capacity. Overseas business is the company's current business development focus. The company's data service liquid cooling series products mainly include CDU, Manifold, integrated cooling sources, dry coolers, prefabricated primary and secondary side piping networks, liquid cooling doors, cooling source modules, hydraulic modules, prefabricated liquid cooling modules, quick couplings, cold plates, etc. Based on recognition of the company's technological innovation capabilities, quality assurance capabilities, and rapid delivery capabilities, cooperation with important leading customers such as Company H, Byte, Tencent, Ali, and major COLO companies was further strengthened. Production capacity and delivery capacity are advanced, and convertible bond fund-raising capabilities welcome the boom in AI computing power. Maintain an “Overweight” rating.

According to the Guohai Securities Research Report, Shenling Environmental is exploring the North American market for AI liquid cooling, and convertible bonds are increasing liquid cooling production capacity. Overseas business is the company's current business development focus. The company's data service liquid cooling series products mainly include CDU, Manifold, integrated cooling sources, dry coolers, prefabricated primary and secondary side piping networks, liquid cooling doors, cooling source modules, hydraulic modules, prefabricated liquid cooling modules, quick couplings, cold plates, etc. Based on recognition of the company's technological innovation capabilities, quality assurance capabilities, and rapid delivery capabilities, cooperation with important leading customers such as Company H, Byte, Tencent, Ali, and major COLO companies was further strengthened. Production capacity and delivery capacity are advanced, and convertible bond fund-raising capabilities welcome the boom in AI computing power. Maintain an “Overweight” rating.