城地香江：全资子公司与华为等组成的联合体中标24.33亿元数据中心机电工程EPC项目 智通财经4月14日电，城地香江(603887.SH)公告，公司全资子公司香江系统工程有限公司与华为技术服 务有限公司等组成的联合体，中标中国移动安徽公司2025年至2028年芜湖数据中心机电工程EPC项目框 架采购项目-标包1，中标金额为24.33亿元。 ...

Core Viewpoint - The company has won a bid for a significant project with China Mobile, which is expected to positively impact its revenue in the current and future years [1] Group 1 - The company's wholly-owned subsidiary, Xiangjiang System Engineering Co., Ltd., has received a bid notification for the EPC project framework procurement from China Mobile Anhui for the Wuhu Data Center from 2025 to 2028 [1] - The bid amount is 2.242 billion yuan (excluding tax) and 2.433 billion yuan (including tax) [1] - The project duration is set for 138 days [1]

Investment Rating - The industry rating is "Outperform the Market" (maintained) [4] Core Insights - Domestic computing power demand is surging, with a focus on computing power leasing and AI infrastructure investment opportunities [1][3] - The scale of domestic intelligent computing power is expected to grow significantly, from 259.9 EFLOPS in 2022 to 1117.4 EFLOPS by 2027, representing a compound annual growth rate (CAGR) of 33.9% [1][14] - The "East Data West Computing" project is accelerating the nationwide layout of computing power networks, with over 250 intelligent computing centers built or under construction as of mid-2024 [1][17] Summary by Sections 1. AI Applications Driving Demand for Computing Facilities - The demand for AI servers is rapidly increasing, with the market size expected to grow from 14.9 billion RMB in 2020 to 143.3 billion RMB by 2028 [10][14] - The cloud computing market reached 616.5 billion RMB in 2023, with a year-on-year growth of 35.5% [10] - Major cloud service providers hold 71.5% of the public cloud market share in China [10] 2. Scarcity of High-End Computing Resources and High Returns from Leasing - Computing power leasing is driven by a shortage of intelligent computing resources, particularly AI chips like GPUs [2][29] - A server equipped with 8 H100 GPUs can yield a net profit margin of 32% to 37% over five years, with a payback period of around three years [2][33] - Recommended stocks in the computing power leasing sector include Hainan Huatie and Gan Consulting, with a focus on investment opportunities in AI infrastructure [2][40] 3. Surge in Demand for Intelligent Computing Centers - The investment scale in the intelligent computing center sector reached 87.9 billion RMB in 2023, a year-on-year increase of over 90% [3][42] - The market size for intelligent computing centers is projected to exceed 288.6 billion RMB by 2028, with a CAGR of 26.8% from 2023 to 2028 [3][42] - The operational model of data centers is primarily divided into retail and wholesale types, with significant investments in AI-driven data centers [3][45]

上海城地香江数据科技股份有限公司 2025 年第二次临时股东大会 会议资料 二〇二五年四月 第 1 页 共 4 页 上海城地香江数据科技股份有限公司 2025 年第二次临时股东大会会议资料 公司代码：603887 公司简称：城地香江 五、会议议程 第一项：董事长张杨先生宣布会议开始； 第二项：董事长张杨先生统计并介绍参加本次会议的人员； 第三项：推选计票人、监票人各一名； 第四项：董事长张杨先生宣读并介绍有关议案； 第五项：股东对议案予以审议并进行表决； 第六项：计票人统计表决票； 第七项：监票人宣读表决结果； 第八项：与会董事及董事会秘书签署会议决议与会议记录； 第九项：董事长张杨先生宣布会议结束。 上海城地香江数据科技股份有限公司 2025 年第二次临时股东大会会议资料 上海城地香江数据科技股份有限公司 2025 年第二次临时股东大会会议资料 公司第五届董事会独立董事蒋雁翔先生，因个人原因及工作安排辞任公司董事 会独立董事一职。为保证公司董事会职能，经公司董事会提名、第五届董事会提名 委员会资格审查，公司拟聘任肖长春先生接任蒋雁翔先生担任公司第五届董事会独 立董事，本次独立董事的选举将采取累积投票制。同时 ...

证券简称：城地香江 证券代码：603887 公告编号：2025-031 上海城地香江数据科技股份有限公司 关于全资子公司项目中标候选公示的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 4 月 8 日 ， 凉 山 公 共 资 源 交 易 服 务 中 心 网 站 （http://www.lszggzyjy.com.cn/）发布了《珑腾凉山州 AI 数据中心项目（一期） （设计施工总承包标段）评标结果公示》。根据公示，中建三局第一建设工程有 限责任公司（香江系统工程有限公司（系公司全资子公司）、华信咨询设计研究 院有限公司）为《珑腾凉山州 AI 数据中心项目（一期）（设计施工总承包标段）》 的第一中标候选人，相关信息如下： 一、中标候选的基本情况 1、项目名称：珑腾凉山州 AI 数据中心项目（一期）（设计施工总承包标段） 2、招标人：四川盐腾数据科技有限责任公司 3、公示期：2025 年 04 月 09 日 至 2025 年 04 月 15 日。 4、中标候选人主要信息： 6、其他需要说明的信息：本次投标 ...

城地香江：联合体为珑腾凉山州AI数据中心项目（一期）第一中标候选人 智通财经4月8日电，城地香江(603887.SH)公告称，公司全资子公司香江系统工程有限公司作为联合体 成员，参与珑腾凉山州AI数据中心项目（一期）（设计施工总承包标段）的投标，并被列为第一中标 候选人。该项目的投标报价为59540.96万元。如最终中标确认，预计相关收入将为公司当年及以后年度 带来积极影响。但目前该项目仍处于中标公示期，最终是否取得中标通知书存在不确定性。 ...

证券简称：城地香江 证券代码：603887 公告编号：2025-030 上海城地香江数据科技股份有限公司 关于全资子公司签订合同进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 合同履约风险：合同在履行过程中如遇到不可预计或不可抗力等因素的影响，有可 能会导致合同无法全部履行或终止的风险。 上海城地香江数据科技股份有限公司（以下简称"公司"）前期已披露子公司 中标《河南空港智算中心（二中心）项目厂区建设及 IDC 配套部分工程总承包 （EPC）》项目的公告（公告号：2025-017）及安排签署其合同的进展公告（公 告号：2025-024），现该项目合同相关方已全部签署完毕，公司就相关情况公告 如下： 一、中标的基本情况 1、项目名称：河南空港智算中心（二中心）项目厂区建设及 IDC 配套部分 工程 2、发包人（甲方）：河南空港数字城市开发建设有限公司 3、工程地点：郑州航空港经济综合实验区 4、承包人主要信息： 承包人（乙方 1（联合体牵头人））：湖南六建机电安装有限责任公司； 承包人（乙方 2（联合 ...

Market News - The National Bureau of Statistics will release March CPI and PPI data on April 10, with February figures showing a month-on-month CPI decrease of 0.2% and a year-on-year decrease of 0.7%, while PPI decreased by 0.1% month-on-month and 2.2% year-on-year [2] - The People's Bank of China has 763.4 billion yuan in reverse repos and 150 billion yuan in treasury cash deposits maturing this week, with specific amounts maturing each day [3] - The U.S. will release March CPI data on April 10, which is expected to be a significant test for the dollar, as persistent inflation could support the dollar and raise concerns about further interest rate cuts by the Federal Reserve [4] Sector Events - The 10th China Science and Technology Finance Forum will be held in Beijing on April 7, focusing on summarizing reform achievements and innovative paths for the future of technology finance [6] - The 2025 Global 6G Technology and Industry Ecosystem Conference will take place in Nanjing from April 10 to 12, gathering global leaders in the 6G field to discuss innovation and future industry development [7] - The Ministry of Commerce has announced export controls on seven categories of medium and heavy rare earths, effective immediately, to safeguard national security and fulfill international obligations [8] - Amazon plans to launch its first batch of 27 satellites for its Project Kuiper on April 9, entering competition with SpaceX's Starlink [9] Company News - HeXin Instruments plans to acquire a 56% stake in Shanghai Liangxi Technology Co., Ltd. through a combination of share issuance and cash payment [11] - Shengnong Development intends to acquire a 54% stake in Anhui Sun Valley Food Technology Group for 1.126 billion yuan, enhancing its integrated industry chain [12] - Lier Chemical expects a net profit of 145 to 155 million yuan for Q1 2025, representing a year-on-year increase of 203.08% to 223.98% due to rising sales and prices [13] - Stone Technology reported a revenue of 11.945 billion yuan for 2024, a year-on-year increase of 38.03%, and a net profit of 1.977 billion yuan, a decrease of 3.64% [14] - Chengdi Xiangjiang announced a contract worth 4.452 billion yuan for a data center project with China Mobile, with a cooperation period of seven years plus an uncertain duration [15] Restricted Shares - This week, 24 companies in the A-share market will have a total of 1.735 billion shares released from restrictions, with a total market value of 35.015 billion yuan, an increase of 12.411 billion yuan week-on-week [17] New Stock Calendar - Two new stocks are set to be issued this week, with a total of approximately 42.6 million shares and expected fundraising of 1.161 billion yuan [21] Market Outlook - Dongfang Securities suggests the market may see a turning point post-holiday, with potential for a rebound as policy benefits are released in Q2 [24] - Founder Securities believes A-shares may perform better than global markets due to positive macro policies and recovering domestic demand [25] - Dongguan Securities anticipates a range-bound market in the short term due to global volatility and upcoming earnings reports [26] - Guojin Securities recommends a shift in investment strategy towards large-cap value stocks, focusing on "profit bottom" logic in the upcoming quarter [27]

Group 1 - Guotai Junan has completed the registration change of its company name from "Guotai Junan Securities Co., Ltd." to "Guotai Haitong Securities Co., Ltd." and has obtained a new business license [1] - The first meeting of the seventh board of directors will be held on April 3, 2025, where Zhu Jian was elected as chairman and Zhou Jie as vice chairman [1] - The company plans to apply for changes to its A-shares and H-shares securities abbreviations following the name change [1] Group 2 - Lier Chemical expects a net profit of 145 million to 155 million yuan for Q1 2025, representing a year-on-year increase of 203% to 224% compared to 47.84 million yuan in the same period last year [2] - Chengda Biological announced a stock suspension for one trading day on April 7, 2025, due to the completion of the offer period for the acquisition of its shares by Shaoguan Gaoteng [2] Group 3 - Xiasha Precision plans to invest no more than 1 billion yuan in the construction of a project for the production of planetary roller screws and reducers, with an expected construction period of 3 years [3] - The funding sources for the project will include self-owned funds, bank loans, or other financing methods [3] Group 4 - Chengdi Xiangjiang's subsidiary has signed a contract for the China Mobile Hohhot Data Center computing power infrastructure maintenance service project, with an estimated total contract amount of 4.452 billion yuan [4] Group 5 - ST Jinke's actual controller Huang Hongyun and controlling shareholder Jinke Holdings received a notice of investigation from the China Securities Regulatory Commission for suspected violations related to undisclosed stock forced transfer risks [5] - The investigation involves stock reduction due to a pledge repurchase business and failure to disclose changes in equity in a timely manner [5] Group 6 - Jinxi Axle reported a year-on-year net profit increase of 13.39% for 2024 [6] Group 7 - Yutong Bus reported a 37.79% year-on-year increase in sales volume for March 2025 [7] - Chang'an Automobile's sales volume for March 2025 was 268,100 units, a year-on-year increase of 3.48% [7] - Guangdong Media reported a year-on-year net profit increase of 258.78% for 2024 [7] Group 8 - Qingxin Environment plans to publicly transfer 57% of the equity of its wholly-owned subsidiary [7] - Dongpeng Beverage has submitted an application for H-share issuance to the Hong Kong Stock Exchange [7] - Longjiang Securities elected Liu Zhengbin as chairman [7]

证券简称：城地香江 证券代码：603887 公告编号：2025-029 上海城地香江数据科技股份有限公司 关于子公司签订重大合同进展的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 未来收益的不确定性：公司子公司作为本次联合体中的成员，将根据签署的合同内 容及相关联合体协议安排，取得相对应的收益。而根据合同约定，"中国移动呼和 浩特数据中心算力基础设施建维服务项目"的合作期限为确定期限 7 年+不确定期 限的模式，未来是否续签存在不确定性，同时，第二批次需以招标人正式下单且 相关机房楼封顶并具备机电进场条件开始计算，相关收益亦存在不确定性，具体 对未来每年的营收影响以实际审计结果为准。 上海城地香江数据科技股份有限公司（以下简称"公司"）前期已披露子公司 中标"中国移动呼和浩特数据中心算力基础设施建维服务项目"的公告（公告号： 2025-006）及安排签署其合同的进展公告（公告号：2025-019），现该项目合同 相关方已全部签署完毕，公司就相关情况公告如下： 一、项目基本情况及主要条款 项目名称：中国移 ...