研報掘金丨中泰證券:英維克業績有望加速擴張,首予“買入”評級
中泰證券研報指出,英維克(002837.SZ)是國內領先的精密温控節能解決方案和產品提供商,具備端到端液冷方案量產能力,受益AI 算力和儲能裝機增長,業績有望加速擴張,佈局電子散熱產品打開新成長空間。2024H1數據中心機房及算力設備液冷技術相關收入同比增長約1 倍,盈利能力受益於上游價格回落及產品結構優化,2022年起逐步改善,隨着高毛利產品放量及成本壓力減輕,利潤水平有望進一步提高。另外,AI算力高需求帶動芯片性能與功耗同步顯著增長,風冷散熱能力受限,疊加數據中心能耗不斷抬升與PUE要求趨嚴,倒逼散熱技術升級,液冷具有低能耗、高散熱、低噪聲、低TCO等優勢,有望迎來快速發展。考慮公司行業龍頭地位及業績增速預期,首次覆蓋,給予“買入”評級。
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