Zhejiang Yinlun Machinery Co., Ltd.

Zhejiang Yinlun Machinery Co., Ltd. (002126.SZ) was founded in March 1999 and listed on the Shenzhen Stock Exchange in April 2007; it is headquartered in Tiantai, Taizhou, Zhejiang, and was the first privately held listed company in China's heat-exchanger industry. Built around thermal management, its products span four platforms: commercial-vehicle/off-road thermal management, passenger-car and new-energy thermal management, engine after-treatment, and industrial/civilian heat exchange. The company's 'Digital & Energy' segment has become a strategic growth engine, covering HVAC, charging/swapping, low-altitude aircraft, power generation, energy storage and data centers. In the data-center liquid-cooling chain it positions itself as a core-component supplier for liquid-cooling modules — primary-side cooling towers, dry coolers and chiller plate heat exchangers, secondary-side CDU plate exchangers, server chip cold plates — with plate exchangers covering 50 kW to 1,500 kW across all CDU power ranges. It also builds dexterous-hand modules and joint motors for embodied intelligence. 2025 revenue reached RMB 15.68 billion with net profit attributable to shareholders of RMB 0.957 billion.

• 012025 revenue of RMB 15.68 billion and net profit attributable to shareholders of RMB 0.957 billion.
• 02In H1 2026, the Digital & Energy segment posted revenue of RMB 0.978 billion, up 41.3% year on year.
• 03Data-center liquid cooling advanced: H1 2026 won 5 projects from 5 North American customers and 7 projects from 4 Taiwan-based customers; abroad entered the CDU system-compatibility validation stage.
• 04First 15,000-unit/year large plate-exchanger line for data centers scheduled for completion and operation in Q4 2026.

1. Apr 18, 2007

   IPO

   CNY 2.3 亿

   Source

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