HK Stock Market Move | Cig Shanghai (06166) rose more than 6% in the morning. The liquid cooling industry is going through a crucial stage of transformation, with the company focusing on 800G liquid-cooled optical modules.

Cig Shanghai (06166) rose more than 6% in the morning, rising 5.65% as of the time of publication, to HK$93.45, with a transaction value of HK$240 million. On the news front, a Guosheng research report pointed out that with the volume of Nvidia's GB300 and the accelerated landing of the VeraRubin platform, the liquid cooling industry is undergoing a critical stage transition from the "first development stage" dominated by concepts and expectations verification to the "second development stage" focused on order confirmation, capacity deployment, and performance realization. The bank believes that the long-term certainty of the liquid cooling industry is strong, with the industry leader's advantages highlighted in all aspects of the value chain, system integration and delivery, and top customer certification. It is understood that Cig Shanghai focuses on 800G liquid-cooled optical module, improving the module's heat dissipation efficiency and operational stability through customized liquid cooling heat dissipation structure, suitable for high-power scenarios such as AI computing power, super large data centers, and meeting the heat dissipation evolution needs of higher rate modules such as 1.6T. Currently, the company's 1.6T optical module is in the sample testing stage, and the liquid cooling solution has not entered mass production and delivery.