
AI-generated summary
Qihong has benefited from the increasing demand for AI servers in recent years, and its operations have continued to grow.
Qihong’s revenue in September was 21.018 billion yuan. (File photo)
[Reporter Ou Yuxiang/Taipei Report] Qihong (3017), a major cooling manufacturer, announced today that its September revenue was 21.018 billion yuan, a monthly increase of 7.89% and an annual increase of 44.92%; third quarter revenue was 590 .88 billion yuan, and the cumulative revenue in the first three quarters was 157.248 billion yuan, an annual increase of 71.17%. The performance in a single month, the third quarter, and the first three quarters all reached new highs. The cumulative revenue in the first three quarters has exceeded last year's full-year performance.
Benefiting from the continued accelerating demand for AI servers, Qihong's operations have been rising steadily in recent years. The company recently pointed out that since VR200-related products have been mass-produced in the new factory and contributed revenue in the third quarter, it expects that the proportion of server revenue will continue to increase, and a number of ASIC water-cooling products will increase in volume in the second half of the year. Operations in the second half of the year will grow quarter by quarter and be better than the first half of the year.
Regarding the production capacity expansion plan, Qihong also recently pointed out that the water-cooling production line is expected to expand by 50% in 2027, with a monthly production capacity of approximately 1 million water-cooling plates and approximately 7,000 branch tubes, which can be converted into approximately 3,500 cabinets. Land has been purchased in Vietnam and contracted for construction, mainly to meet the needs of CSPs (cloud service providers).
AI outlook — possibilities, not facts
Operations in the second half of the year will grow quarter by quarter and be better than those in the first half of the year
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