According to a research report by Guojin Securities, NVIDIA's GB300 NVL72 server computing power has undergone another significant upgrade, sparking a dramatic increase in the demand for liquid cooling solutions. The current market offers various liquid cooling methods, including cold plate, immersion, and spray types, with high-efficiency solutions heavily reliant on fluorinated fluid materials. The escalating shipments of AI servers have fueled a rapid surge in demand for electronic fluorinated fluids. Additionally, the exit of industry leaders has presented new structural opportunities within the market. When combined with high-efficiency TIM material liquid metal, the two-phase cold plate cooling solution showcases notable advantages. It is anticipated that liquid cooling solutions will emerge as the predominant cooling mode for AI servers in the future. Investors are advised to keep a close eye on domestic leaders in the upstream raw materials sector for cold plate and immersion liquid cooling, such as fluorine refrigerants and electronic fluorinated fluids, as well as enterprises involved in high-efficiency TIM material liquid metal.