Guojin Securities: Hongfuhan Liquid Cooling Business Drives Q3 Profit Surge

Bullish · $301086.SZ

What Happened

Hongfuhan (301086.SZ) released preliminary Q3 2026 earnings, expecting net profit of RMB 97-127 million, up 182%-270% QoQ, driven by liquid cooling module deliveries to a major CSP client.

Bottom Line

Hongfuhan's liquid cooling business is ramping up significantly, with Q3 profit surging on Alibaba chain demand, and further growth expected in Q4.

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