相关企业：华为技术有限公司、新华三技术有限公司、武汉长江计算科技有限公司、杭州华澜微电子股 份有限公司、慧与云（重庆）科技有限公司、深圳市宙视达科技有限公司、长春师凯科技产业有限责任 公司、长鑫存储技术有限公司、长江存储控股股份有限公司、超聚变数字技术股份有限公司 关键词：存储服务器、存储芯片、算力规模、存算一体、存储服务器行业政策、存储服务器行业产业 链、存储服务器市场规模、存储服务器企业竞争格局、存储服务器发展趋势 内容概要：存储服务器是聚焦数据存储管理的专用服务器，与通用服务器相比，硬件配置偏向大容量存 储介质与冗余机制，软件搭载专业存储协议，优先保障数据安全与存取效率。当前行业发展受多重利好 驱动，政策层面，多份重磅文件从技术标准、基建建设等维度提供支持；上游存储芯片领域，长江存 储、长鑫存储等企业实现技术突破并扩大市场份额，完善国产产业链；下游需求覆盖公共服务、互联 网、金融等多领域，算力基础设施升级进一步打开增长空间。市场规模方面，2024年整体服务器市场规 模达2492.1亿元，存储服务器规模达438.7亿元，2025年预计稳步增长，技术上分布式存储、液冷等方案 加速落地。竞争格局呈现头部主导、 ...

核心定位：以"稳定可靠、优异性能"为核心，是打造企业云基础设施的"第一可靠选择"，是承载企业核 心业务的最佳选择。 随着企业数字化转型进入深水区，超融合基础设施(HCI)作为"云化底座"的核心价值愈发凸显——它通 过整合计算、存储、网络与安全资源，实现了IT架构的简化、弹性与高效，成为金融、政府、医疗等关 键行业的首选方案。2024年，国内超融合市场规模突破300亿元，头部厂商竞争聚焦于性能优化、安全 集成、云原生兼容三大核心维度。本文将全面解析深信服、华为、新华三、浪潮四大厂商的技术优势与 场景适配性，为企业选型提供权威参考。 深信服超融合基础设施HCI 产品组成与架构：由计算虚拟化aSV、存储虚拟化aSAN、网络虚拟化aNET、安全虚拟化aSEC四大核心 组件构成，融合数据库管理组件DMP、云端智能大脑和容器云功能；采用务实双栈架构，原生适配X86 和ARM架构，支持裸金属、VM、容器与块/对象/文件多形态存储，兼容各类存储/网络设备，实现"一 套架构覆盖全场景"。 核心能力： 统一软件定义架构：整合计算虚拟化aSV、存储虚拟化aSAN、网络虚拟化aNET、安全虚拟化aSEC，通 过统一资源池管理，打破传 ...

（大众新闻记者 陈晓婉 赵雅南） 这四家企业分别是，潍柴控股集团有限公司入选行业领军培育企业名单，华鲁恒升化工股份有限公司、浪潮电子信息产业股份有限公司、新风光电子科技 股份有限公司入选专业领军培育企业名单。 此外，22家入选"双百企业"名单、25家入选"科改企业"名单，数量在全国各省市中均居第二位。省属企业有3家进入世界500强，2023年以来新增制造业单 项冠军34家，独角兽企业2家，瞪羚企业61家，专精特新"小巨人"25家，一批企业实现从"跟跑对标"到"并跑创标"的转变，在行业内树立起标杆形象。 12月19日，山东省政府新闻办举行新闻发布会，介绍山东省属国资国企深化改革、推动高质量发展情况。记者从发布会上获悉，截至目前，山东4家省属 国企入选国务院国资委世界一流行业领军培育企业和专业领军培育企业名单，数量在全国各省市中居第一位。 ...

浪潮信息所属申万行业为：计算机-计算机设备-其他计算机设备。所属概念板块包括：IDC概念（数据 中心）、英伟达概念、电子发票、东数西算、云计算等。 截至12月10日，浪潮信息股东户数35.00万，较上期减少2.78%；人均流通股4190股，较上期增加 2.60%。2025年1月-9月，浪潮信息实现营业收入1206.69亿元，同比增长45.16%；归母净利润14.82亿 元，同比增长14.51%。 分红方面，浪潮信息A股上市后累计派现14.89亿元。近三年，累计派现6.46亿元。 机构持仓方面，截止2025年9月30日，浪潮信息十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股3034.71万股，相比上期减少1647.13万股。华泰柏瑞沪深300ETF（510300）位居第三大流 通股东，持股1752.53万股，相比上期减少77.51万股。易方达沪深300ETF（510310）位居第四大流通股 东，持股1268.34万股，相比上期减少39.77万股。华夏沪深300ETF（510330）位居第五大流通股东，持 股946.42万股，相比上期减少12.93万股。易方达中证人工智能主题ETF（159819） ...

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：公司从"内部线"核心供应商向"外部线"（如DAC、 AEC）市场拓展的战略规划和具体时间表？ 新亚电子（605277.SH）12月18日在投资者互动平台表示，公司产品高频高速铜缆连接线已通过安费诺 进入戴尔、惠普、谷歌、亚马逊、微软、甲骨文、Meta、浪潮、新华三、中科曙光等知名服务器制造 商供应链。伴随算力持续提升，人工智能服务器更新换代浪潮愈发迅猛，公司在稳步推进高频高速铜缆 内部线业务稳健发展的同时，积极开拓高频高速铜缆外部线市场领域。 ...

[Table_Title] 计算机行业 AI 2025 算力系列（十） HBF 技术发展下数据基础软件的机会和挑战 [Table_Summary] 核心观点： [Table_Page] 跟踪分析|计算机 证券研究报告 | [Table_Grade] 行业评级 | 买入 | | --- | --- | | 前次评级 | 买入 | | 报告日期 | 2025-12-18 | [Table_PicQuote] 相对市场表现 | 计算机行业 2026 年投资策 | 2025-12-12 | | --- | --- | | 略:模型迭代驱动、应用突破 | | | 与算力国产引领行业发展 | | | 计算机行业:算力群体化和应 | 2025-12-07 | | 用差异化的机会辨识 | | | 计算机行业 GenAI 系列（二 | 2025-11-23 | | 十二）:应用突破新信号：谷 | | | 歌 Banana Pro 和千问 App | | | 的性能、生态和商业化 | | [Table_impcom] 972918116公共联系人2025-12-18 09:44:41 识别风险，发现价值 请务必阅读末页的免责声明 ...

Core Insights - The liquid cooling server industry is experiencing significant growth, driven by increased demand for high-density servers and efficient cooling solutions [1][2] - Major companies are actively investing in liquid cooling technologies, with substantial market opportunities projected in the coming years [2][3] Industry Developments - Xiechuang Data plans to invest up to 9 billion yuan to purchase servers from multiple suppliers, indicating accelerated infrastructure development in cloud computing [1] - The 5th International AIDC Liquid Cooling Supply Chain Summit will be held on December 18-19, focusing on technology exchange and market trends [1] Market Projections - UBS forecasts that the global direct liquid cooling market for data centers will grow from $1.138 billion in 2024 to $31.191 billion by 2030, with a compound annual growth rate of 51% [2] - The AI server liquid cooling market is expected to reach $23.746 billion, while the non-AI server liquid cooling market will grow to $7.446 billion [2] Company Highlights - Yingweike (002837) holds over 35% market share in liquid cooling technology and is a designated temperature control supplier for major clients like Tencent and Alibaba [2] - Shenling Environment (301018) is a core supplier for Huawei's data centers, with 63 liquid cooling patents and a PUE as low as 1.15 [2] - Highlan (300499) uniquely supplies both server and energy storage solutions, with a client base including ByteDance and Alibaba [3] Key Component Suppliers - Juhua (600160) is a leading domestic supplier of electronic-grade fluorinated liquids, aiming for a 15% global market share by 2025 [4] - Feirongda (300602) specializes in integrated cooling solutions and is a core supplier for Huawei servers [5] - Zhongshi Technology (300684) provides unique nano-carbon material cooling plates, with over 90% of its business in liquid cooling modules [5] System Integration Leaders - Inspur (000977) is a leading global liquid cooling server provider, with a projected market share of over 45% in 2024 [6] - Zhongke Shuguang (603019) collaborates on liquid cooling server development, introducing a high-density cooling solution for complex computing scenarios [6] - Unisplendour (000938) has a significant market presence with over 35% share in the operator market and expects liquid cooling orders to exceed 5 billion yuan in 2024 [6] Other Relevant Companies - Guangxun Technology (002281) is the only domestic company to achieve mass production of liquid cooling optical modules, holding a 15% global market share [7] - Changfei Optical Fiber (601869) applies optical fiber technology to liquid cooling, enhancing data transmission efficiency [8] - Ruijie Network (301165) offers a full range of liquid cooling products and has launched a new immersion liquid cooling switch [8]

Core Viewpoint - The digital economy ETF managed by ICBC (561220) opened with a slight decline of 0.51%, indicating a challenging market environment for the digital economy sector [1] Group 1: ETF Performance - The digital economy ETF ICBC (561220) opened at 1.360 yuan, reflecting a decrease of 0.51% [1] - Since its establishment on May 21, 2025, the fund has achieved a return of 36.79%, while the return over the past month has been -0.25% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 1.41% - Haiguang Information (海光信息) down 1.05% - Northern Huachuang (北方华创) up 1.25% - Zhongke Shuguang (中科曙光) down 1.14% - Zhongwei Company (中微公司) up 0.16% - Inspur Information (浪潮信息) down 1.20% - Shengyi Technology (生益科技) down 3.00% - Chipone (芯原股份) down 5.06% - ZTE (中兴通讯) down 1.09% - Shenzhen South Circuit (深南电路) down 0.66% [1]

今日A股整体震荡为主，非银金融午后助力上证指数翻红，人工智能AIETF（515070）震荡为主，持仓 股中复旦微电、中科星图、三七互娱、寒武纪、浪潮信息等个股表现较好，沪市规模最大的人工智能 AIETF盘中翻红，场内成交额突破6000万元。 消息方面，11月经济数据发布，国家统计局认为，11月份国民经济运行总体平稳，延续稳中有进发展态 势。但外部不稳定不确定因素较多，国内有效需求不足，经济运行面临不少挑战。 中银证券认为，A股整体仍处于上行通道之中。首先，政策从"托底"到"提质"的平滑过渡，为市场创造 了稳定的宏观预期环境。随着政策预期趋于稳定，市场动能将从前期主要由政策与资金驱动，逐步向盈 利基本面驱动转换。A股当前正处于"牛市中继"阶段，2026年中长期资金入市等政策性利好依然可期， 而价格中枢回暖、内需复苏以及产业创新带来的盈利增长将有助于市场走向全面牛。 人工智能AIETF（515070）跟踪CS人工智能主题指数（930713），成分股选取为人工智能提供技术、 基础资源以及应用端个股，聚集人工智能产业链上中游，俗称"机器人"大脑"缔造者"，万物互联"地 基"。前十大权重股包括中际旭创、新易盛、寒武纪- ...

Group 1: Industry Overview - The computer industry has shown steady revenue growth and improved profit margins, with total revenue reaching 939.34 billion yuan in the first three quarters of 2025, a year-on-year increase of 9.4% [11] - The software development sub-industry has seen significant profit improvements, while the computer equipment sub-industry remains relatively high in terms of market sentiment [11] - The industry has experienced a volatile upward trend since the beginning of 2025, with the computer industry index rising by 18.54% as of November 28, 2025, outperforming the CSI 300 index by 3.5 percentage points [18] Group 2: Algorithm and Applications - The global landscape of large models is rapidly evolving, with significant competition among closed-source models from companies like Google, Anthropic, and OpenAI, while domestic open-source models like Kimi K2 and MiniMax-M2 maintain a leading position [27][30] - The focus of large model applications is shifting towards programming, enterprise services, and office productivity tools, indicating a convergence in the market [42] - The integration of multi-modal capabilities and AI agents is becoming a competitive focal point in the large model market, expanding the boundaries of model tasks [32][34] Group 3: Computing Power - The AI computing power market is experiencing high demand, with the global AI server market projected to grow at a CAGR of 15.5% from 2024 to 2028, while China's market is expected to grow at a CAGR of 30.6% during the same period [10] - The domestic AI computing power chip industry is poised for growth due to strong policy support and increasing downstream demand, with a clear trend towards self-sufficiency [10][22] Group 4: Intelligent Driving - The penetration rate of Navigate on Autopilot (NOA) features is increasing, indicating a rapid commercialization of the intelligent driving industry in China, with the market size expected to exceed 300 billion yuan by 2030 [4] - Major players like Tesla and Xpeng are advancing their intelligent driving technologies, with significant updates and new model releases enhancing their market positions [4][5] Group 5: Investment Recommendations - The report maintains a "stronger than market" rating for the computer industry, highlighting investment opportunities in AI computing power, algorithms, and intelligent driving sectors [5] - Specific stock recommendations include companies like Zhongke Chuangda, Haiguang Information, and Industrial Fulian in the AI computing power segment, and companies like Daotong Technology and Kingsoft Office in the AI algorithm and application space [5][6]