Investment Rating - The industry investment rating is positive, indicating an overweight outlook for the AIDC sector, suggesting it will outperform the overall market [8]. Core Insights - The AIDC industry is expected to experience significant breakthroughs in computing power, models, and applications in 2026, with domestic computing power transitioning from usable to highly effective [2]. - The demand from cloud vendors remains strong, with a notable increase in IDC orders expected to be fulfilled by mid-2026, indicating a robust growth trajectory for cloud computing infrastructure [2]. - The supply side faces challenges due to the scarcity of effective supply, as the government emphasizes orderly guidance and efficient construction of intelligent computing centers [2]. Summary by Sections Demand Side - Cloud vendors are expected to have high demand for IDC, with orders from Q1 2025 anticipated to be deployed by Q2-Q3 2026, necessitating significant capital investment [2]. - The new round of IDC bidding has commenced, with an accelerated delivery schedule expected [2]. Supply Side - The government is focusing on optimizing the layout of intelligent computing resources, which will create a balanced supply-demand situation in the long term [2]. - There is a noted expectation for supply of supporting equipment, such as UPS and HVDC systems, to meet the needs of AIDC construction [2]. Key Companies - Key players in the industry include leading IDC companies like Runze Technology and Dongyangguang, as well as emerging companies like Aofei Data and Guanghuan New Network [2]. - Companies providing essential supply and cooling solutions, such as Kehua Data and Zhongheng Electric, are also highlighted as important players [2].

Investment Rating - The industry investment rating is "Overweight," indicating a positive outlook for the IDC/Intelligent Computing Center sector [2]. Core Insights - The report highlights a consensus among AI industry leaders that domestic technology companies are transitioning from followers to leaders in global AI technology [2]. - Significant breakthroughs are expected in 2026 across multiple dimensions, including computing power, models, and applications, with a notable improvement in the usability of domestic computing power [2]. - The IDC sector is anticipated to undergo major changes in 2026, driven by the demand from cloud vendors and the need for efficient computing resources [2]. - The report emphasizes the scarcity of effective supply in the market, with government policies shifting focus from broad construction to orderly guidance and efficient resource allocation [2]. - Key companies identified for investment include leading IDC firms and those in the supply chain for power distribution and temperature control [2]. Summary by Sections Demand Side - High demand from cloud vendors is expected, with a significant number of IDC orders anticipated to be deployed by mid-2026 [2]. - The necessity for cloud vendors to secure quality assets for sustainable computing power supply is highlighted [2]. Supply Side - The report notes a strong scarcity of "effective supply," with government initiatives aimed at optimizing the layout of intelligent computing resources [2]. - The need for supporting equipment such as UPS/HVDC and liquid cooling systems is emphasized due to the redundancy requirements in power supply [2]. Key Companies - Core players in the IDC sector include Runze Technology, Dongyangguang, and Baoxin Software, among others [3]. - Companies with flexible demand and strong client ties, such as Dawi Technology and Aofei Data, are also highlighted as potential investment opportunities [2].

Market Overview - The comprehensive sector increased by 0.23% compared to the previous trading day, with Dongyangguang leading the gains [1] - The Shanghai Composite Index closed at 4138.76, down by 0.64%, while the Shenzhen Component Index closed at 14169.4, down by 1.37% [1] Stock Performance - Dongyangguang (600673) closed at 30.28, up by 1.24% with a trading volume of 908,000 shares [1] - Nanjing New Bai (600682) closed at 9.26, up by 1.20% with a trading volume of 641,600 shares [1] - Other notable stocks include Yatai Group (600881) at 1.91, up by 0.53%, and Ningbo United (600051) at 7.67, up by 0.52% [1] Capital Flow - The comprehensive sector experienced a net outflow of 300 million yuan from main funds, while retail investors saw a net inflow of 310 million yuan [2] - The net outflow from speculative funds was 9.39 million yuan [2] Individual Stock Capital Flow - Nanjing New Bai (600682) had a main fund net inflow of 14.01 million yuan, while speculative funds saw a net outflow of 9.75 million yuan [3] - Ningbo United (600051) reported a main fund net inflow of 4.93 million yuan, with speculative funds experiencing a net outflow of 4.01 million yuan [3] - Special mention to Te Li A (000025) with a significant main fund net outflow of 28.45 million yuan, but a retail net inflow of 30.32 million yuan [3]

来源：上海证券报 证券代码：600673 证券简称：东阳光 编号：临2026-03号 一、大宗交易方式 公司2025年员工持股计划通过"安联裕远22号资产管理产品"、"安联裕远23号资产管理产品"以大宗交易 的方式受让公司回购专用证券账户中的股票26,305,068股，占公司总股本的0.87%。 二、非交易过户方式 公司于2026年1月12日收到中国证券登记结算有限责任公司出具的《过户登记确认书》，"广东东阳光科 技控股股份有限公司回购专用证券账户"所持有的公司股票已于2026年1月9日以非交易过户的方式过户 至"广东东阳光科技控股股份有限公司－2025年员工持股计划"，过户股数为53,311,607股，占公司总股 本的1.77%。 截至本公告披露日，公司2025年员工持股计划已完成公司股票的购买，合计持有公司股份79,616,675 股，占公司总股本的2.65%。上述股票将按照规定予以锁定，各批次的锁定期分别为自公司公告最后一 笔标的股票过户至员工持股计划名下之日（即2023年1月13日）满12个月、24个月，每期解锁的标的股 票比例分别为50%、50%。 债券代码：242444 债券简称：25东科01 广 ...

Group 1 - The core viewpoint of the news is that Dongyangguang's stock has experienced a significant increase, with a 35% rise over the past seven days, reaching a price of 30.28 yuan per share and a market capitalization of 911.29 billion yuan [1] - Dongyangguang Technology Holdings Co., Ltd. is based in Dongguan, Guangdong, and was established on October 24, 1996, with its listing date on September 17, 1993. The company operates in four main business segments: electronic new materials, alloy materials, chemical products, and pharmaceutical manufacturing [1] - The revenue composition of Dongyangguang's main business includes high-end aluminum foil at 40.81%, new chemical materials at 27.63%, electronic components at 25.40%, and other categories contributing 2.63% [1] Group 2 - From the perspective of fund holdings, Invesco Great Wall Fund has a significant position in Dongyangguang, with its "Invesco Great Wall Stable Pension Target Three-Year Holding Period Mixed Fund (FOF) A" holding 2,000 shares, representing 0.05% of the fund's net value [2] - The fund has generated a floating profit of approximately 740 yuan today, with a total floating profit of 15,700 yuan during the seven-day increase [2] - The fund was established on September 26, 2019, with a current scale of 72.67 million yuan, and has achieved a year-to-date return of 1.41%, ranking 763 out of 1,305 in its category [2]

本报讯(记者袁传玺)天眼查工商信息显示，近日，韶关新耀股权投资有限公司成立，注册资本2.11亿 元，经营范围为以自有资金从事投资活动、自有资金投资的资产管理服务。股东信息显示，该公司由东 阳光（600673）、光大金控资产管理有限公司共同持股。 ...

| 证券代码：600673 | 证券简称：东阳光 | 编号：临 号 2026-03 | | --- | --- | --- | | 债券代码：242444 | 债券简称：25 东科 | 01 | 公司 2025 年员工持股计划通过"安联裕远 22 号资产管理产品"、"安联裕远 23 号资产管理产品"以大宗交易的方式受让公司回购专用证券账户中的股票 26,305,068 股，占公司总股本的 0.87%。 二、非交易过户方式 公司于 2026 年 1 月 12 日收到中国证券登记结算有限责任公司出具的《过户 登记确认书》，"广东东阳光科技控股股份有限公司回购专用证券账户"所持有的 公司股票已于 2026 年 1 月 9 日以非交易过户的方式过户至"广东东阳光科技控 股股份有限公司－2025 年员工持股计划"，过户股数为 53,311,607 股，占公司总 股本的 1.77%。 截至本公告披露日，公司 2025 年员工持股计划已完成公司股票的购买，合 计持有公司股份 79,616,675 股，占公司总股本的 2.65%。上述股票将按照规定予 以锁定，各批次的锁定期分别为自公司公告最后一笔标的股票过户至员工持股计 划 ...

天眼查工商信息显示，近日，韶关新耀股权投资有限公司成立，法定代表人为喻梦旸，注册资本2.11亿 人民币，经营范围为以自有资金从事投资活动、自有资金投资的资产管理服务。股东信息显示，该公司 由东阳光、光大金控资产管理有限公司共同持股。 ...

| | 都在用的商业查询工具 | 息公司 音老板 商关系 音风险 | | | | | --- | --- | --- | --- | --- | --- | | | 国家中小企业发展子基金旗下机构 | 韶关新耀股权投资有限公司 | × 天眼一下 | 船 应用 ▼ | 商务合作 : | | 基本信息 4 | 法律诉讼 | 经营风险 | 经营信息 | 公司发展 | 知 | | 工商信息 ● | | | | | | | 工商信息 历史工商信息0 | | | | | | | 企业名称 | 韶关新耀股权投资有限公司 | | | | | | 法定代表人 | 崎 喻梦肠 | 登记状态 ② | 存续 | | 天眼评分 2 | | | | 成立日期 | 2026-01-09 | | | | 统一社会信用代码 2 | 91440232MAK685284Y | 注册资本 ② | 21100万人民币 | | 实缴资本 | | 工商注册号 | 440232000062868 | 纳税人识别号 2 | 91440232MAK685284Y | | 组织机构代码( | | 营业期限 | 2026-01-09 至 2036-01-08 | ...

人民财讯1月12日电，企查查APP显示，近日，韶关新耀股权投资有限公司成立，注册资本2.11亿元， 经营范围包含：以自有资金从事投资活动；自有资金投资的资产管理服务。企查查股权穿透显示，该公 司由光大金控资产管理有限公司、东阳光（600673）共同持股。 ...