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Shenzhen Envicool Technology Co Ltd

Shenzhen Envicool Technology Co., Ltd. provides temperature control and energy-saving solutions and products in China and internationally. Its offerings include liquid cooling, immersion cooling, precision cooling, CRAC, modular data center, and integrated micromodule solutions, as well as cooling for telecom base stations, industrial applications, transportation networks, charging piles, power cabinets, battery swap stations, and energy storage. The company also supplies components such as compressors, quick disconnects, coolants, and UPS, along with after-sales, maintenance, upgrade, engineering, O&M, and spare parts services. Its products serve data centers, intelligent computing centers, energy storage systems, communication networks, power grids, EV charging, industrial automation, subway systems, electric commercial vehicles, automotive, and residential air environment management. Incorporated in 2005, it is headquartered in Shenzhen, China.

Price · split & dividend adjusted
News & notes moving 002837.CS
China
Artificial Intelligence▲

Envicool hits limit up again after opening, liquid cooling concept rises in afternoon

Envicool quickly surged to the daily limit up in early trading on August 25, then reopened the board during the session before sealing it again. As of press time, the stock was at 60.23 yuan per share, with more than 220,000 lots queued at the limit-up price. The previous evening, Envicool disclosed its 2026 semi-annual report. In the first half of the year, it achieved operating revenue of 3.017 billion yuan, up 17.24 percent year on year, while net profit attributable to the parent company was 185 million yuan, down 14.32 percent year on year. Net cash flow from operating activities was 61.872 million yuan, up 126.45 percent year on year. The company's electronic cooling segment has drawn strong market attention because it covers businesses related to liquid-cooled computing power. In the afternoon of the same day, the liquid cooling server concept continued to climb. Kangsheng, Envicool, and Yilida had hit limit up earlier, Jinfu Technology hit limit up in the afternoon, and Tongfei and Shenling Environment led the gains.
About megatrends
Artificial Intelligence › AI Power & Cooling Demand
002837.CS · Demand · Positive Electronic cooling segment tied to liquid-cooled computing power drives market attention and limit-up.
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002837.CS▼

Envicool 2026 Interim Report Net Profit 185 Million Yuan, Down 14.32% Year-on-Year

Envicool released its 2026 interim report, with net profit attributable to the parent company of 185 million yuan, a decrease of 30.8729 million yuan compared with the same period last year, down 14.32% year-on-year. The company's total operating revenue was 3.017 billion yuan, and net cash inflow from operating activities was 61.872 million yuan. The latest asset-liability ratio was 58.21%, an increase of 3.10 percentage points from the previous quarter; gross margin was 24.93%, a decrease of 1.21 percentage points from the same period last year; ROE was 5.15%, a decrease of 2.01 percentage points from the same period last year. Diluted earnings per share was 0.15 yuan, down 11.76% year-on-year.
002837.CS · Capital · Negative Net profit fell 14.32% year-on-year, with lower gross margin and ROE.
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China
Artificial Intelligence▼

Envicool's Second-Quarter Profit Recovers: Has the Liquid Cooling Leader Emerged from the Shadows?

Liquid cooling leader Envicool released its 2026 semi-annual report. In the first half of the year, it achieved operating revenue of 3.02 billion yuan, up 17.24% year-on-year, but net profit attributable to shareholders of the listed company was 180 million yuan, down 14.32% year-on-year. Excluding first-quarter results, second-quarter operating revenue was 1.841 billion yuan, up 12.2% year-on-year, and non-GAAP net profit was 170 million yuan, up 6% year-on-year, indicating that the sharp profit decline in the first quarter did not continue. However, the company's overall gross margin fell 0.63 percentage points year-on-year to 25.34%, and it did not separately disclose liquid cooling revenue. Although overseas revenue grew 71.39% to 444 million yuan, operating costs rose 94.87%, and overseas gross margin fell 6.24%. Market concerns about profitability and business transparency have not been fully resolved.
About megatrends
Artificial Intelligence › AI Power & Cooling Competition
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Competition
002837.CS · Capital · Negative Net profit fell 14.32% YoY in H1, with gross margin down and overseas profitability weak, though Q2 improved.
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Artificial Intelligence▲

Spotlight on two Chinese AI infrastructure stocks the world can’t do without amid bubble fears

Amid AI bubble worries, institutional investors and engineers are zeroing in on essential infrastructure like liquid cooling systems and high-speed optical transceivers, where two Chinese companies are major global players: Shenzhen Envicool Technology and Zhongji Innolight. Envicool is a leader in data center temperature control, buoyed by mandatory upgrade demand for cooling systems to handle scorching AI chips, and enjoys a business moat from high switching costs. Zhongji Innolight holds the number one global position in 800G and 1.6T high-speed optical transceivers, counting Big Tech firms in Silicon Valley as key customers. This reflects how, in advanced bottleneck technologies, business needs often transcend geopolitical barriers, and first-mover advantages allow companies to sustain premium gross margins early in a new product cycle.
About megatrends
Artificial Intelligence › AI Power & Cooling ▲Demand
Artificial Intelligence › Optical Interconnect & DCI ▲Supply
Cloud & Digital Infrastructure › Edge & Content Delivery ▲Supply
Cloud & Digital Infrastructure › Telecom Towers, Fiber & Colocation ▲Supply
002837.CS · Demand · Positive Mandatory upgrade demand for liquid cooling systems to handle AI chips drives Envicool's business.
300308.CS · Demand · Positive Zhongji Innolight is the global leader in 800G/1.6T optical transceivers with Big Tech customers, benefiting from AI-driven demand.
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