Kaori Heat Treatment (8996.TW, TWSE) is a Taiwan, China company in the Liquid Cooling & Thermal segment of the AI compute value chain. As of October 04, 2026, its market cap is $4.4 billion ($4.4B), ranking #190 of 244 companies overall and #8 of 16 in the Liquid Cooling & Thermal segment (1.9% of the segment, 0.02% of the chain). Over the past year the stock gained 359.7% (52-week range 395.00 – 1,655.00 TWD).
| Company | Kaori Heat Treatment（高力热处理） |
|---|---|
| Ticker | 8996.TW · TWSE |
| Segment | Liquid Cooling & Thermal |
| Headquarters | Taiwan, China |
| Market cap | $4.4B（$4.4 billion） |
| Close | 1,510.00 TWD (October 04, 2026) |
| Today | -3.51% |
| 30 days | +33.04% |
| 1 year | +359.67% |
| 52-wk high / low | 1,655.00 / 395.00 TWD |
| Share of segment | 1.9% (Liquid Cooling & Thermal: 16 companies) |
| Share of chain | 0.02% (244 companies combined) |
| Segment leader | Vertiv Holdings ($97.1B) |
| Revenue (TTM) | $309.5 million |
|---|---|
| Net income (TTM) | $44.6 million |
| P/E ratio (TTM) | 101.8 |
| P/B ratio | 27.37 |
| Gross margin | 27.0% |
| Net margin | 14.1% |
| Dividend yield | 0.30% |
| Basis | TTM (source: StockAnalysis, 2026-10-05 07:49) |
| # | Company | Market | Market cap |
|---|---|---|---|
| 1 | Vertiv Holdings VRT | US | $97.1B |
| 2 | AVC 3017.TW | TW | $42.4B |
| 3 | Jentech Precision Industrial 3653.TW | TW | $31.4B |
| 4 | nVent Electric NVT | US | $27.4B |
| 5 | Envicool 002837 | SZ | $10.3B |
| 6 | Shenling Environment 301018 | SZ | $4.9B |
| 7 | Jones Tech 300684 | SZ | $4.8B |
| 8 | Kaori Heat Treatment 8996.TW | TW | $4.4B |
| 9 | Auras Technology 3324.TW | TW | $4.4B |
| 10 | FRD Science & Technology 300602 | SZ | $3.0B |