截至2026年2月6日收盘，协创数据(300857)报收于200.05元，下跌2.95%，换手率2.43%，成交量8.39万 手，成交额16.83亿元。 当日关注点 交易信息汇总 协创数据技术股份有限公司为全资子公司安徽协创物联网技术有限公司向中信银行合肥分行申请授信提 供最高额2亿元人民币的连带责任保证担保。本次担保在公司已审批的担保额度范围内，无需另行提交 董事会或股东会审议。截至公告日，公司对子公司的担保余额为775,167.18万元，占公司最近一期经审 计净资产的241.25%，均为对合并报表范围内单位提供的担保，无逾期担保情况。 资金流向 2月6日主力资金净流入1221.77万元；游资资金净流出1919.68万元；散户资金净流入697.92万元。 公司公告汇总 关于公司为全资子公司提供担保的进展公告 来自【交易信息汇总】：2月6日主力资金净流入1221.77万元，显示主力对个股短期关注度提升。 来自【公司公告汇总】：协创数据为全资子公司安徽协创物联网向中信银行合肥分行申请授信提 供最高额2亿元人民币的连带责任保证担保，属已审批额度内事项，无需重新审议。 以上内容为证券之星据公开信息整理，由AI算法生 ...

Group 1 - The Forbes China Year-End Gala held on February 4, 2026, in Shanghai gathered outstanding entrepreneurs and industry leaders from technology, healthcare, semiconductors, and investment sectors to discuss future trends in artificial intelligence, hard technology, biomedicine, and business civilization [2] - Forbes China has been releasing various rankings since entering the Chinese market in 2003, including the Best CEO in China and the Top 50 Innovative Companies in China, which serve as important references for observing changes in China's business society [2] - The event featured a forum with keynote speeches and roundtable discussions covering topics such as healthcare, technology, talent, and sustainable development, aimed at exploring industry development trajectories and prospects [4] Group 2 - The keynote speech by Han Xu, CEO of WeRide, emphasized the strategic significance of autonomous driving as the first large-scale application of physical AI, predicting that within five years, everyone could stop driving, leading to the era of household service robots [6] - Chen Zhisheng, CEO of WuXi Biologics, forecasted that tumors could become controllable chronic diseases within five years, similar to diabetes, and discussed the transformative application of digital technology in drug production [12] - Xu Siqing, founder of Alpha Community, highlighted the dual nature of technological advancement, particularly in AI, which presents both opportunities and challenges to existing human life orders [16] Group 3 - Zhang Hua, founder and chairman of Shibang Group, warned that the era where labor is no longer a necessity is approaching, urging companies to design new job structures for collaboration between humans and intelligent agents [18] - Zhu Jia, partner at Guanghe Venture Capital, pointed out that the core bottleneck limiting AI development is not semiconductor chips but power supply, which is driving nuclear fusion technology towards commercialization [20] - The roundtable discussions included insights on the semiconductor industry's supply-demand mismatch, with Wu Shengwu, chairman of Rongxin Semiconductor, noting a structural contradiction where high-end demand faces capacity shortages while non-specialty processes are oversupplied [27] Group 4 - Liu Yuqing, assistant president of Huafeng Technology Group, emphasized the critical role of advanced packaging in enhancing computing power in the post-Moore's Law era, advocating for a focus on deepening capabilities in the domestic equipment sector [29] - Fang Ling, co-founder of CGL, observed a shift in talent competition within the semiconductor industry from purely technical talent to composite talent with commercial awareness, predicting that AI will exacerbate workplace differentiation [31] - The event also recognized companies like Huafeng Technology and Microchip Technology for their innovative contributions to the industry, awarding them the "2025 Forbes China Innovation Power 50" [58]

Core Viewpoint - The company is making significant investments in high-performance computing servers, totaling 21.2 billion yuan, to prepare for the anticipated growth in the computing power market, which is likened to the real estate boom of the 1990s in China [1][2][9]. Group 1: Investment Strategy - The company plans to procure high-performance servers worth 21.2 billion yuan, with a focus on meeting the growing demand for computing power in the AI sector [1][2]. - The company has raised its credit limit to 28 billion yuan within a year to support its aggressive investment strategy [1]. - The company expects a net profit of 1.05 to 1.25 billion yuan for 2025, representing a year-on-year growth of 51.78% to 80.69% [2]. Group 2: Market Position and Demand - The computing power rental market is showing signs of consolidation, with the company positioned as a leading player due to its long-term contracts and established customer relationships [6][12]. - The demand for computing power is expected to outstrip supply, driven by the increasing needs of AI applications, which will lead to sustained growth in the computing power industry [10][12]. - The company has already secured five-year long-term contracts, ensuring a stable revenue stream to support its server procurement [7][8]. Group 3: Future Outlook - The ultimate goal of the company is to develop "robot brains" through its investments in computing power and AI platforms, with expectations for significant advancements in the robotics sector between 2030 and 2035 [3][16][17]. - The company is also focusing on building a comprehensive ecosystem that integrates computing power, cloud services, and intelligent terminals to support its long-term vision [16]. - The company anticipates that the AI-driven demand for computing power will continue to expand, making it a critical component of the digital economy [10][14].

21世纪经济报道记者 吴佳楠 深圳报道 "上午还在长三角见客户，下午已飞往北京洽谈合作。"这是协创数据（300857）董事长耿康铭近期的工 作常态。 在他身后，这家2005年成立于深圳，如今市值超七百亿的企业，正以大规模的投资，将战略重心转向一 场席卷全球的算力浪潮与具身智能的未来之战。 2025年，协创数据（300857.SZ）接连发布五次采购公告，累计拟用于采购高算力服务器的额度达212亿 元。 然而，从经营情况看，截至2025年三季度末，公司实现营业收入83.31亿元，净利润6.98亿元，资产负债 率高达78.33%。 年内服务器采购高达212亿元，这似乎是一场小马拉大车的资本豪赌。与此同时，协创数据也铺开融资 大网，在2025年一年内三度提升授信额度，总额已达280亿元。 面对在外界看来"激进"决策的不解，这位在行业摸爬滚打30多年的业内老兵却显得十分冷静与克制，又 透露出在时代风口前的果敢。 "这笔投入其实非常保守，客户的需求远远大于我们的投入。"在接受21世纪经济报道记者专访时，耿康 铭将当下算力产业发展比作"房地产的90年代"，认为未来五到十年，算力领域的投资规模将超越房地产 巅峰时期，而协创数 ...

一、担保情况概述 证券代码：300857 证券简称：协创数据 公告编号：2026-012 协创数据技术股份有限公司 关于公司为全资子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 协创数据技术股份有限公司（以下简称"公司"）及控股子公司 对外提供担保总额超过公司最近一期经审计净资产的 100%，前述担 保均为对合并报表范围内单位提供的担保，处于公司可控范围内，敬 请广大投资者充分关注并注意投资风险。 公司分别于 2025 年 3 月 28 日、2025 年 4 月 21 日召开第三届董 事会第三十三次会议、2024 年度股东会，审议通过了《关于公司及 子公司 2025 年度向银行等金融机构申请综合授信暨有关担保的议 案》，同意公司及合并报表范围内子公司向银行等金融机构申请总计 不超过人民币 1,250,000 万元或等值外币的授信额度。授信额度期限 为自公司2024年度股东会审议通过之日起至2025年度股东会召开之 日止（授信银行、授信额度及授信期限将以最终银行等金融机构实际 审批为准），该授信项下额度可循环使用，公司在该授 ...

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies, with notable gains in the battery, automotive parts, and securities industries [1][2]. - The companies with the highest target price increases include: - Fulin Precision Engineering with a target price increase of 64.96% [3] - Weichai Power with a target price increase of 57.67% [3] - Industrial Securities with a target price increase of 33.33% [3] Group 2 - On February 5, a total of 21 listed companies received recommendations from brokers, with Chongqing Beer receiving the most recommendations at 3 [4]. - The companies with multiple broker recommendations include: - Chongqing Beer with 3 recommendations [4] - Huanxu Electronics with 2 recommendations [4] Group 3 - Four companies received their first coverage on February 5, including: - Nanshan Aluminum with a "Buy" rating from Guosheng Securities [5] - Jiantou Energy with a "Buy" rating from Changjiang Securities [5] - Hangzhou Bank with a "Buy" rating from Northeast Securities [5] - Xiechuang Data with a "Buy" rating from Huaxin Securities [5]

2026 年 02 月 05 日 公司业绩表现亮眼，AI 算力硬件与 AI 算力服务 业务双轮驱动 买入(首次) 事件 分析师：何鹏程 S1050525070002 hepc@cfsc.com.cn 联系人：石俊烨 S1050125060011 shijy@cfsc.com.cn 2025 年，谷歌 Token 日均调用量达到 16 万亿，较 2024 年同 期增长 50 倍；Azure AI 一季度处理 Token 数较 2024 年同期 增长 5 倍；2025 年 5 月，字节火山引擎 Token 日均调用量是 2024 年同期的 137 倍。 | 基本数据 | 2026-02-04 | | --- | --- | | 当前股价（元） | 205.85 | | 总市值（亿元） | 712 | | 总股本（百万股） | 346 | | 流通股本（百万股） | 345 | | 52 周价格范围（元） | 71.28-231.68 | | 日均成交额（百万元） | 1719.5 | 市场表现 -50 0 50 100 150 200 250 300 (%) 协创数据 沪深300 资料来源：Wind，华鑫证券研究 ...

市场表现 -50 0 50 100 150 200 250 300 (%) 协创数据 沪深300 资料来源：Wind，华鑫证券研究 2026 年 02 月 05 日 公司业绩表现亮眼，AI 算力硬件与 AI 算力服务 业务双轮驱动 买入(首次) 事件 分析师：何鹏程 S1050525070002 hepc@cfsc.com.cn 联系人：石俊烨 S1050125060011 shijy@cfsc.com.cn | 基本数据 | 2026-02-04 | | --- | --- | | 当前股价（元） | 205.85 | | 总市值（亿元） | 712 | | 总股本（百万股） | 346 | | 流通股本（百万股） | 345 | | 52 周价格范围（元） | 71.28-231.68 | | 日均成交额（百万元） | 1719.5 | 相关研究 —协创数据（300857.SZ）公司事件点评报告 协创数据发布业绩公告：预计 2025 年实现归母净利润 10.5 亿 元至 12.5 亿元，同比增长 51.78%至 80.69%%；实现扣非净利 润 10.1 亿元至 12.1 亿元，同比增长 50.45%至 ...

格隆汇2月4日丨协创数据(300857.SZ)在互动平台表示，公司存储相关产品主要面向市场对外销售，也 是公司核心业务板块之一。目前公司的存储业务已覆盖从存储芯片封测到存储模组成品的全链条产业， 并聚焦于NANDFlash和DRAM这两大主流产品与技术。 ...

格隆汇2月4日丨协创数据(300857.SZ)在互动平台表示，公司存储相关产品主要面向市场对外销售，也 是公司核心业务板块之一。目前公司的存储业务已覆盖从存储芯片封测到存储模组成品的全链条产业， 并聚焦于NANDFlash和DRAM这两大主流产品与技术。 ...