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 A-share market experienced a collective rebound, with the Shanghai Composite Index rising over 1%, the ChiNext Index increasing by over 2%, and the Sci-Tech 50 Index gaining more than 4% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.22 trillion yuan, a decrease of 215.5 billion yuan compared to the previous trading day [1] Sector Performance - The AI application concept saw a continuous surge, with over twenty constituent stocks hitting the daily limit, including Liou Co., which achieved six consecutive limit-ups in nine days, and Xinhua Net and Sanjiang Shopping, both with three consecutive limit-ups [2] - The semiconductor sector also performed well, with Yaxiang Integration hitting the daily limit and reaching a historical high [2] - The commercial aerospace concept remained active, with Haige Communication achieving three consecutive limit-ups and new highs, alongside multiple stocks like Sanwei Tiandi, Jiayuan Technology, and Datang Telecom hitting the daily limit [2] - The Alibaba Cloud concept continued to rise, with Hangang Co. and Data Port both hitting the daily limit [2] Closing Summary - By the end of the trading session, the Shanghai Composite Index rose by 1.2%, the Shenzhen Component Index increased by 1.98%, and the ChiNext Index gained 2.24% [2]

Core Viewpoint - Alibaba Cloud concept stocks experienced a significant rise, indicating positive market sentiment towards cloud computing and related technologies [1] Group 1: Company Performance - Hangzhou Steel (杭钢股份, 600126) reached the daily limit increase [1] - Data Port (数据港, 603881) also hit the daily limit increase [1] - Rongxin Culture (荣信文化, 301231) saw an increase of over 10% [1] - Zhejiang Shuzhi Culture (浙数文化, 600633), Runze Technology (润泽科技, 300442), Runjian Shares (润建股份, 002929), and Zhejiang University Network New (浙大网新, 600797) all experienced upward movement in their stock prices [1]

Group 1 - The internet sector experienced a strong rally, with companies like Guangyun Technology, Worth Buying, and Kaichun Co., Ltd. hitting the daily limit up [1] - Other stocks such as Yanshan Technology, New Point Software, and Data Port also saw significant increases [1]

江苏省政府发布关于印发江苏省"人工智能＋"行动方案的通知。方案指出，推动人工智能企业"走出 去"。鼓励企业优化业务布局，强化国际产业交流和市场开拓，探索产业链分工、开源协同等合作机 制。引导企业规范开展数据资源跨境流动，健全江苏自贸试验区数据出境负面清单管理体系，支持南 京、苏州国际数据港建设"走出去"一站式服务平台。鼓励高校与人工智能领域世界一流大学和领军企业 合作，建设国际合作联合实验室。支持人工智能企业参与国际标准制定。积极与国家人工智能应用合作 中心等出海平台开展合作。 ...

Group 1 - The core viewpoint of the news is that DataPort's stock has increased by 5.79%, reaching a price of 37.80 CNY per share, with a total market capitalization of 27.155 billion CNY [1] - DataPort, established on November 18, 2009, and listed on February 8, 2017, primarily engages in data center server hosting services and network bandwidth services, with 99.31% of its revenue coming from IDC services [1] - The trading volume for DataPort was 78.2468 million CNY, with a turnover rate of 0.29% [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of DataPort, having reduced its holdings by 41,300 shares in the third quarter, now holding 3.9428 million shares, which is 0.55% of the circulating shares [2] - The Southern CSI 1000 ETF has a total scale of 76.63 billion CNY and has achieved a year-to-date return of 10.05%, ranking 1198 out of 5517 in its category [2] - Over the past year, the fund has generated a return of 52.79%, ranking 1451 out of 4203 in its category, and since its inception, it has returned 25.86% [2] Group 3 - The fund manager of Southern CSI 1000 ETF is Cui Lei, who has been in the position for 7 years and 69 days, managing assets totaling 122.76 billion CNY [3] - During Cui Lei's tenure, the best fund return was 234.52%, while the worst return was -15.93% [3]

Group 1 - DataPort's stock increased by 5.13%, reaching a price of 36.25 CNY per share, with a trading volume of 1.691 billion CNY and a turnover rate of 6.71%, resulting in a total market capitalization of 26.041 billion CNY [1] - Shanghai DataPort Co., Ltd. was established on November 18, 2009, and went public on February 8, 2017. The company's main business involves data center server hosting services and network bandwidth services, with 99.31% of its revenue coming from IDC services and 0.69% from IDC solutions [1] Group 2 - Among DataPort's top ten circulating shareholders, GF Fund's Guangfa CSI 1000 ETF (560010) reduced its holdings by 70,600 shares in the third quarter, now holding 1.8182 million shares, which accounts for 0.25% of the circulating shares. The estimated floating profit today is approximately 3.2183 million CNY [2] - Guangfa CSI 1000 ETF (560010) was established on July 28, 2022, with a current scale of 35.303 billion CNY. Year-to-date returns are 7.04%, ranking 1301 out of 5579 in its category, while the one-year return is 44.91%, ranking 1647 out of 4202 [2] - The fund manager of Guangfa CSI 1000 ETF is Luo Guoqing, who has a cumulative tenure of 10 years and 95 days, managing total fund assets of 104.711 billion CNY. The best fund return during his tenure is 111.24%, while the worst is -48.08% [2]

Core Viewpoint - DataPort's stock has shown a positive trend with a 6.84% increase year-to-date and a 2.10% rise on January 7, 2025, indicating strong market interest and potential growth in the data center services sector [1]. Group 1: Stock Performance - As of January 7, 2025, DataPort's stock price reached 32.51 CNY per share, with a trading volume of 7.07 billion CNY and a turnover rate of 3.08%, resulting in a total market capitalization of 233.54 billion CNY [1]. - Year-to-date, DataPort's stock has increased by 6.84%, with a 7.29% rise over the last five trading days, a 0.77% increase over the last 20 days, and a 4.43% decline over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, DataPort reported a revenue of 1.241 billion CNY, reflecting a year-on-year growth of 4.93%, and a net profit attributable to shareholders of 120 million CNY, which is a 14.05% increase compared to the previous year [2]. - Since its A-share listing, DataPort has distributed a total of 205 million CNY in dividends, with 109 million CNY distributed over the last three years [2]. Group 3: Shareholder Structure - As of September 30, 2025, DataPort had 160,500 shareholders, an increase of 39.45% from the previous period, with an average of 4,474 circulating shares per shareholder, down by 28.29% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest with 8.0945 million shares, an increase of 1.053 million shares from the previous period [2].

Core Viewpoint - DataPort has shown a positive trend in its financial performance, with an increase in revenue and net profit, while also experiencing changes in shareholder structure and trading activity. Group 1: Financial Performance - For the period from January to September 2025, DataPort achieved operating revenue of 1.241 billion yuan, representing a year-on-year growth of 4.93% [2] - The net profit attributable to shareholders for the same period was 120 million yuan, reflecting a year-on-year increase of 14.05% [2] Group 2: Shareholder and Trading Activity - As of September 30, 2025, the number of shareholders for DataPort reached 160,500, an increase of 39.45% compared to the previous period [2] - The average number of circulating shares per shareholder decreased by 28.29% to 4,474 shares [2] - On January 6, DataPort's financing buy-in amounted to 141 million yuan, with a net financing buy of 22.3845 million yuan [1] - The total balance of margin trading for DataPort as of January 6 was 951 million yuan, which is 4.14% of its circulating market value [1] - DataPort's short selling activity on January 6 included a repayment of 15,200 shares and a sale of 5,500 shares, with a total selling amount of 175,100 yuan [1]

Core Insights - The 2026 Bloomberg Green Finance Awards ceremony was successfully held at the MGM Hotel in Shanghai, emphasizing the importance of aligning with China's "dual carbon" goals and the evolving global business landscape [2] - The event introduced two new evaluation systems: the "Green Finance List" and the "ESG Potential Enterprises" list, alongside existing categories for "ESG Leading Enterprises" and "Outstanding ESG Projects" [2] Green Finance List - The Green Finance List focuses on the green development and innovation within China's financial sector, developed in collaboration with the Central University of Finance and Economics [3] - It aims to respond to national green finance policies and promote the green transformation of financial institutions and enterprises [3] ESG Potential Enterprises - The ESG Potential Enterprises list is based on Bloomberg's proprietary analysis of corporate data, utilizing a comprehensive ESG matrix covering four dimensions, 16 core issues, and 41 sub-issues [4] - The matrix addresses nine major themes, including climate action, energy and ecological management, product safety, employee health, and social responsibility, to identify companies with long-term value and industry leadership potential [4] Complete Lists Released - The ESG Leading Enterprises include CHINT Group Co., Ltd., Tingyi Holding Corp. (Master Kong), Trina Solar Co., Ltd., and several others [5][6][7] - Outstanding ESG Projects feature initiatives from Beijing Fuping Social Venture Capital Co., Ltd., Envision Energy, LONGi Green Energy Technology Co., Ltd., and others [7][8] Green Financial Institutions - The Green Financial Institutions recognized include Bank of China (Hong Kong) Limited, Guotai Junan International Holdings Limited, Industrial Bank Co., Ltd., and others [9][10] Innovation Drivers - The ESG Innovation Drivers include organizations such as the Alliance for Water Stewardship, Climate Bonds Initiative, and Shanghai Advanced Institute of Finance [10] ESG Advocates - The ESG Advocates list features companies like Hydrowell (Taicang) Energy Technologies Co., Ltd., Ningbo Joyson Electronics Corp., and Skyworth Group Limited [11] Future Outlook - Bloomberg Green Finance aims to collaborate with more practitioners to explore core trends and future pathways for sustainable development, accumulating cross-disciplinary wisdom and solutions [13]