研报掘金丨华鑫证券：维持中石科技“买入”评级，布局液冷打造第二曲线

格隆汇09-11

华鑫证券研报指出，中石科技散热主业释放盈利弹性，布局液冷打造第二曲线。上半年公司实现归母净利润1.38亿元，同比增长13.59%；Q2实现归母净利润7,319.57万元、环比增长12.99%，单季经营环比提速。业绩改善的核心来自散热主业的量利齐升。利润端仍受两笔非经营性因素扰动。光模块速率跃迁抬升散热门槛，AI功耗突破催生先进热管理刚需；旭创战投锚定产业链协同，材料—组件—模组—液冷全栈布局成型。...

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