Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Storage Solutions - In the data storage phase, the company's X10000 series distributed storage can handle large-scale storage needs for simulation and motion capture data, ensuring that foundational data is both stored securely and reliably [1] - During the training phase, the X20000 series high-performance storage features high throughput and low latency, enabling rapid read and write operations for 1 billion frames of motion data, allowing models to efficiently access quality data for learning [1] Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster that not only provides massive computing power but also avoids resource waste through efficient scheduling [1]

Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Group 1: Data Storage - The company’s X10000 series distributed storage addresses the large-scale storage needs for simulation and motion capture data, ensuring that foundational data can be stored reliably and securely [1] - During the training phase, the X20000 series high-performance storage enables rapid read and write of 1 billion frames of motion data, allowing models to efficiently access high-quality data for learning [1] Group 2: Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster [1] - This setup not only provides massive computing power but also optimizes resource scheduling to prevent waste [1]

Core Viewpoint - The company has launched a comprehensive solution for embodied intelligence training, leveraging its expertise in storage, computing power, and networking to provide high-performance ICT infrastructure for the implementation of embodied intelligence [1] Group 1: Storage Solutions - The company’s X10000 series distributed storage addresses the large-scale storage needs for simulation and motion capture data, ensuring that foundational data can be stored reliably and securely [1] - During the training phase, the X20000 series high-performance storage enables rapid read and write of 1 billion frames of motion data, allowing models to efficiently access high-quality data for learning [1] Group 2: Computing Power Support - The company integrates dispersed computing resources through high-performance networking equipment and diverse heterogeneous computing servers, forming a stable and reliable computing cluster [1] - This setup not only provides massive computing power but also optimizes resource allocation through efficient scheduling to prevent waste [1]

Core Viewpoint - During the 2025 World Artificial Intelligence Conference, Unisplendour Corporation's subsidiary, H3C Group, launched a comprehensive solution covering the entire process of embodied intelligence training, providing a full-link solution from data storage to computing power support [1] Group 1 - H3C Group's solution addresses the entire workflow of embodied intelligence training [1] - The solution includes components for data storage and computing power support [1]

7月31日突破年线个股乖离率排名 证券时报·数据宝统计，截至今日上午10:29，上证综指3583.25点，收于年线之上，涨跌幅为-0.90%，A 股总成交额为8429.51亿元。到目前为止，今日有12只A股价格突破了年线，其中乖离率较大的个股有珠 海中富、振江股份、紫光股份等，乖离率分别为4.59%、2.51%、1.98%；亚华电子、拱东医疗、昆仑万 维等个股乖离率较小，刚刚站上年线。 | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 000659 | 珠海中 | 5.09 | 4.36 | 2.76 | 2.89 | 4.59 | | | 富 | | | | | | | 603507 | 振江股 | 4.38 | 8.98 | 23.94 | 24.54 | 2.51 | | | 份 | | | | | | | 000938 | 紫光股 | 2.06 | 1.81 | 24.77 | 25.26 ...

Investment Rating - Industry rating: Recommended [4] Core Insights - The report emphasizes the importance of open and shared AI capabilities, highlighting the ongoing growth in the AI sector and the potential for significant investment opportunities in related companies [6][7] - The satellite internet sector is experiencing rapid development, with advancements in satellite constellations leading to increased communication capacity and reduced latency, alongside emerging applications in mobile broadband and intelligent driving systems [8][10] Summary by Sections AI and Computing Power - The AI sector is expected to maintain high growth due to strong overseas performance and elevated guidance, with short-term recommendations for companies benefiting from potential easing of chip bans, including Unisplendour, ZTE, and others [7][11] - Long-term growth in the computing power industry is anticipated, driven by advancements in inference computing and model upgrades, with key beneficiaries identified as NewEase, Zhongji Xuchuang, and Tianfu Communication [7][11] Satellite Internet Development - The report notes a significant service interruption of Starlink for approximately 2.5 hours, affecting tens of thousands of users globally, while also highlighting ongoing breakthroughs in domestic inter-satellite laser communication [8][10] - Continuous recommendations for companies like Haige Communication and related beneficiaries such as Zhenlei Technology and Shanghai Hanhua are made, reflecting the robust growth in the satellite internet market [8][10] Communication Infrastructure - The report identifies key players in the communication infrastructure sector, including major operators like China Mobile, China Telecom, and China Unicom, as well as equipment manufacturers such as ZTE and Unisplendour [11][12] - Recommendations extend to companies involved in optical network upgrades and edge computing, with specific mentions of optical module manufacturers and edge security firms [11][12]

Core Insights - The global demand for AI computing power is experiencing unprecedented explosive growth, while the process of domestic substitution is accelerating [1] - The A-share market is witnessing significant development in three major technology sectors: computing power, CPO (Co-Packaged Optics), and PCB (Printed Circuit Board) [1] Group 1: Computing Power Infrastructure - Gansu Qingyang has successfully deployed a domestic 100,000-card intelligent computing cluster, utilizing a fully autonomous architecture and Ascend chips, marking a significant advancement in China's computing power infrastructure [1] - This achievement breaks international technological barriers and signifies a leap from "usable" to "optimal" computing power infrastructure [1] Group 2: CPO Technology - CPO technology integrates optical modules with chip packaging, significantly reducing signal transmission losses and greatly enhancing the energy efficiency and bandwidth of data centers and AI servers [1] - Morgan Stanley predicts that the CPO market will surge from $8 million in 2023 to $9.3 billion by 2030, with a staggering compound annual growth rate (CAGR) of 172% [3] Group 3: PCB Market - The PCB sector is also showing strong growth, driven by the rapid increase in AI inference demand, with applications in servers, switches, and optical modules [3] - Prismark forecasts that the AI server PCB market will achieve a CAGR of 32.5% from 2023 to 2028 [3] Group 4: Investment Opportunities - ZTE Corporation is actively pursuing a "computing power network" strategy, providing comprehensive ICT infrastructure solutions and has won multiple domestic intelligent computing center projects [4] - ZTE has collaborated with NVIDIA to develop a 51.2T CPO switch, setting a new industry record for single-chip bandwidth, which is already applied in Meta's data center [4] - Huada Technology, a leading AI server PCB supplier, has orders booked until 2026 and has made significant breakthroughs in 800G optical module PCB signal integrity [4] - Shengyi Technology, the second-largest copper-clad laminate manufacturer globally, holds over 20% market share in the high-frequency and high-speed CCL market and has achieved a 99.5% yield rate for 800G optical modules [5] - The company has also developed high thermal conductivity PCBs for liquid-cooled servers, successfully applied in the 100,000-card intelligent computing cluster in Qingyang [5] - The top potential stock, H3C, leads the domestic switch market and ranks among the top three globally in AI server shipments, having launched the 51.2T 800G CPO silicon optical switch [4][5]

紫光股份有限公司 关于为子公司提供担保的进展公告 股票简称：紫光股份 股票代码：000938 公告编号：2025－041 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、担保情况概述 紫光股份有限公司（以下简称"公司"）2025 年 4 月 28 日召开的第九届董事会 第十二次会议及 2025 年 5 月 20 日召开的 2024 年度股东大会审议通过了《关于为子 公司申请银行综合授信额度提供担保的议案》，同意公司全资子公司紫光数码（苏州） 集团有限公司（以下简称"苏州紫光数码"）为紫光电子商务有限公司（以下简称"紫 光电子商务"）等六家子公司自公司 2024 年度股东大会审议通过之日起 12 个月内申 请的银行综合授信额度提供总额不超过人民币 10.6 亿元的担保（以下简称"本次额 度"）。具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网等披露的《第九届董事 会第十二次会议决议的公告》（公告编号：2025-018）、《关于为子公司申请银行综合 授信额度提供担保的公告》（公告编号：2025-022）及于 2025 年 5 月 21 日披露的 ...

Group 1 - The CPO (Co-Packaged Optics) concept declined by 0.11% as of the market close on July 24, ranking among the top decliners in the concept sector [1] - Notable decliners within the CPO sector include Tai Chen Guang, Shi Jia Guang Zi, and Changxin Bochuang, while the top gainers were Bo Min Electronics, Lian Ying Laser, and Kai Ge Precision Machinery, with increases of 4.47%, 4.30%, and 3.32% respectively [1] - The Hainan Free Trade Zone concept saw the highest increase at 9.11%, followed by the horse racing concept at 4.67% and the duty-free shop concept at 4.46% [1] Group 2 - The CPO sector experienced a net outflow of 2.078 billion yuan, with 50 stocks seeing net outflows, and 7 stocks experiencing outflows exceeding 100 million yuan [1] - The stock with the highest net outflow was Xin Yi Sheng, with a net outflow of 599.16 million yuan, followed by Tian Fu Communication and Zhong Ji Xu Chuang with outflows of 363.12 million yuan and 221.04 million yuan respectively [1] - The stocks with the highest net inflows included Changdian Technology, Sanan Optoelectronics, and Unisplendour, with net inflows of 156 million yuan, 130 million yuan, and 81.52 million yuan respectively [1]

Group 1 - The Shanghai Composite Index broke through 3600 points and showed strength again today, with the Wind All A Index surpassing the previous high of 9.24, indicating a positive trend in the A-share market [1] - The WAIC 2025 will open on July 26, showcasing over 3000 cutting-edge exhibits, including more than 100 "global debuts" and "China debuts," marking the largest scale in history [1] - According to a report by China International Capital Corporation (CICC), the technology foundation and product roadmap for building AIAgent intelligent agents are maturing, with expectations for significant advancements in AI applications and the formation of a complete commercial ecosystem by 2025 [1] Group 2 - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index (930713), focusing on companies providing technology, resources, and applications in the AI sector, often referred to as the "robot brain" creators and the "foundation" of the Internet of Everything [2] - The top ten weighted stocks in the AI ETF include leading domestic technology companies such as Cambricon Technologies, Hikvision, and iFlytek, indicating a strong representation of the AI industry [2] Group 3 - Related products include the AI ETF (515070), Huaxia CSI Artificial Intelligence Theme ETF Link A (008585), and Huaxia CSI Artificial Intelligence Theme ETF Link C (008586) [3]