As the construction of super nodes within the new computing power infrastructure accelerates, liquid cooling technology is drawing escalating interest. The semi-annual performance forecasts for 2026 released by A-share companies in the liquid cooling industry chain reveal a substantial uptick in the performance of suppliers specializing in cold plate liquid cooling components. Conversely, segments focused on immersion liquid cooling and data center operation support are still entrenched in the investment phase. This underscores an industry landscape marked by fervent technological enthusiasm yet notable performance disparities. In the realm of cold plate liquid cooling, several firms have reported significant year-on-year increases in net profit for the first half of the year. Jinfu Technology anticipates its net profit to range between RMB 90 million and RMB 100 million, marking a year-on-year surge of 81.41% to 101.57%. Similarly, Feirongda projects its net profit to reach between RMB 240 million and RMB 260 million, reflecting a year-on-year rise of 44.5% to 56.54%. In stark contrast, companies engaged in liquid cooling but grappling with challenges in their core businesses or still navigating the investment phase for ancillary operations have demonstrated comparatively weaker performance. Feilong Auto Parts expects its net profit for the first half of the year to hover between RMB 68 million and RMB 80 million, indicating a year-on-year decline of 61.98% to 67.69%. Meanwhile, Jialitu foresees continued losses, with projections ranging from RMB 75 million to RMB 63 million for the first half of the year.