Cooling supplier Chuanrun (川润股份) recorded RMB109 million in first-half 2026 liquid-cooling revenue, increasing 38.16% year-over-year.

Chuanrun disclosed the liquid-cooling results at a September 11 investor event. Company secretary Rao Hong (饶红) reported RMB109 million in liquid-cooling revenue for the first half of 2026, up 38.16% year-over-year. The source identifies Chuanrun (川润股份) by stock code 002272; the revenue figure concerns liquid cooling, not total company revenue.

The company described applications beyond a single data-center category. Its liquid-cooling systems were said to address supercomputing centers, AI-computing centers and energy-storage installations. The source does not break the reported revenue down among those applications.

Customer relationships include both collaboration and actual batch supply. Chuanrun named ZTE (中兴通讯), Huakun Zhenyu (华鲲振宇), Lenovo Changfeng (联想长风) and Vertiv (维谛技术), alongside other overseas end customers. It said it was already supplying Vertiv and other overseas end customers in batches.

Other customer milestones remain qualification-stage disclosures. Chuanrun said it had become a qualified supplier to an unnamed internationally known colocation (Colo) provider and passed prototype validation with a major domestic company. Those milestones are distinct from disclosed purchase orders, and the message provides no associated contract values, shipment quantities or customer-concentration figures.