[Zheshang Machinery] [Silaike] Diamond Heat Dissipation Expected to Ramp Up, Core Business Turning Upward, Key Recommendation!

English summary

Core logic: 1. Diamond heat dissipation is about to ramp up. ① Industry: Diamond heat dissipation advantages are prominent, and diamond-copper is expected to be the first to achieve large-scale application. Diamond materials have advantages such as high thermal conductivity (pure diamond thermal conductivity up to 1000-2200 W/(m·K)), and are expected to accelerate application. Among them, #diamond-copper is expected to be the first to achieve large-scale application.# Since 2026, diamond-copper has been implemented in multiple scenarios (Shuguang Shuchuang C8000 V3.0 megawatt phase-change immersion liquid cooling cabinet, Zhengzhou National Supercomputing Center node computer room, etc.). #Market space: # The global AI chip diamond-copper market space is expected to reach USD 6.5 billion in 2029, with a CAGR of 237% from 25 to 29. ② Company: Newly established subsidiaries, cooperating with University of Science and Technology Beijing, promoting mass production of diamond heat dissipation products. #Currently, heat sink samples of diamond composite materials have been developed, and product mass production will be promoted in an orderly manner. 2. Core business: 25 net profit attributable to parent reduced loss by 55% YoY; with subsequent capacity ramp-up and yield improvement in battery shell business, the core business is expected to turn from loss to profit. 3.…