AI Demand Surges: Qiwu and Fusetec Achieve Record Highs in March Revenue
AI demand is booming, leading Qiwu and its subsidiary Fusetec to set new historical records for March and Q1 revenue. Driven by AI applications like liquid cooling connectors and server slides, the companies are poised for continued strong growth. Qiwu forecasts 2025 as the 'year of liquid cooling' and plans significant production expansions in Vietnam and China.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 20:11
- 🔍 Collected: April 7, 2026 at 21:00 (49 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 13:46 (304h 46m after Collected)
Cumulative Qiwu's first-quarter revenue this year reached 49.037 billion yuan, a year-on-year increase of 1.1 times, surpassing the 47.775 billion yuan from the fourth quarter of last year, continuing to set new records.
Fusetec, under Qiwu, has entered the AI application market for liquid cooling connectors and server slides, also showing impressive performance. It announced March revenue of 1.6 billion yuan, a year-on-year increase of 95.02%; cumulative first-quarter revenue was 4.183 billion yuan, a year-on-year increase of 85.81%. Both March revenue and Q1 revenue broke historical records.
In response to the significant revenue growth, Qiwu and Fusetec specifically explained in their announcements that it was mainly driven by increased customer demand.
With the booming AI demand, Qiwu Chairman Shen Qingxing predicted at the investor conference in March that 2025 would be Qiwu's 'year of liquid cooling,' and growth would remain strong in 2026. Besides the GPU market led by NVIDIA, Qiwu is optimistic about the rapidly rising ASIC (Application-Specific Integrated Circuit) market, which will become a major driver of Qiwu's operations starting in the second half of this year.
To meet the massive customer demand, Qiwu is actively investing in capital expenditures. The company announced that it will significantly expand production in Vietnam and China in 2026, with an estimated capital expenditure of up to 15 billion yuan. The capital expenditure for 2027 is expected to further increase to 17 billion yuan. (Editor: Yang Lanxuan) 1150407
Keywords: Finance
Fusetec, under Qiwu, has entered the AI application market for liquid cooling connectors and server slides, also showing impressive performance. It announced March revenue of 1.6 billion yuan, a year-on-year increase of 95.02%; cumulative first-quarter revenue was 4.183 billion yuan, a year-on-year increase of 85.81%. Both March revenue and Q1 revenue broke historical records.
In response to the significant revenue growth, Qiwu and Fusetec specifically explained in their announcements that it was mainly driven by increased customer demand.
With the booming AI demand, Qiwu Chairman Shen Qingxing predicted at the investor conference in March that 2025 would be Qiwu's 'year of liquid cooling,' and growth would remain strong in 2026. Besides the GPU market led by NVIDIA, Qiwu is optimistic about the rapidly rising ASIC (Application-Specific Integrated Circuit) market, which will become a major driver of Qiwu's operations starting in the second half of this year.
To meet the massive customer demand, Qiwu is actively investing in capital expenditures. The company announced that it will significantly expand production in Vietnam and China in 2026, with an estimated capital expenditure of up to 15 billion yuan. The capital expenditure for 2027 is expected to further increase to 17 billion yuan. (Editor: Yang Lanxuan) 1150407
Keywords: Finance