Jinfu's liquid cooling pivot drives profit surge and 300M yuan raise
H1 profit jumps on liquid cooling acquisition Jinfu expects first-half 2026 net profit of 90-100 million yuan, up 81-102% year on year, because it bought 51% of two liquid cooling firms in April and folded their fast-growing sales into its books. The old packaging business also grew steadily.
This is the core new event showing why earnings and the stock are rising.
Dongguan AI cooling cluster backs the sector Dongguan's Qishi Town was named a provincial AI heat-dissipation cluster, with 33 core cooling firms and 2025 output of 7.49 billion yuan. Jinfu's two acquired targets sit in this supply chain, so policy and cluster growth support its new business.
It explains the industry tailwind behind Jinfu's liquid cooling bet.
300M yuan private placement advances Jinfu plans to raise up to 300 million yuan by selling new shares at 35.18 yuan each, all for liquid cooling plate and component projects. The application moved to registration stage, bringing the funding closer and signaling expansion.
It shows concrete funding progress for the liquid cooling build-out.
Interim report confirms growth but flags cash and debt strain The interim report showed revenue of 738 million yuan and net profit of 96.18 million yuan, up 93.87%. But operating cash inflow fell 46% and the debt ratio jumped to 40.92%, while the company itself warns of integration, goodwill and margin risks.
It gives the real counterweight to the bullish profit headline.