Jinfu Technology: The recent expansion of liquid cooling business capacity has been initiated, and the capacity is expected to be gradually released starting from the end of May.

Jin Fu Technology stated during an institutional research on April 20 that, currently overall, Zhuohui Metal and Lianyi Thermal Energy have a relatively high capacity utilization rate, with core production lines nearing saturation. The company has already arranged capacity expansion in its liquid cooling business work plan for 2026; recently, the company has initiated capacity expansion arrangements, and with the combination of capacity expansion and customer orders, capacity is expected to be gradually released starting at the end of May. In the medium to long term, the company will orderly promote production expansion based on order acquisition and customer demand rhythm, in order to match industry demand growth.