Core Insights - The 2025 China Computing Power Conference highlighted "green low-carbon" and "intelligent agility" as key themes, emphasizing the rapid development of artificial intelligence (AI) reshaping computing infrastructure, which in turn drives AI advancements [1][2] - The conference revealed that China's computing power industry is transitioning from scale competition to a focus on comprehensive strength, with an emphasis on providing high-quality and green computing power [2][9] Industry Developments - The average Power Usage Effectiveness (PUE) of Chinese computing centers has decreased to 1.42, with 246 national green data centers established, contributing positively to industrial upgrades and the "dual carbon" goals [2][3] - The Ministry of Industry and Information Technology stressed the need for diverse, intelligent, secure, and green computing infrastructure to enhance resource efficiency and promote high-quality development [2] Company Strategy - Shandong High Control (山高控股) has strategically positioned itself as a "green computing power infrastructure builder," transitioning from an industry investor to a provider of stable and efficient green computing power [1][3] - The company has made significant investments in renewable energy, controlling over 3.7 GW of wind and solar capacity, and has partnered with Century Internet to secure a foothold in digital infrastructure [3][6] Project Initiatives - The collaboration between Shandong High Control, the Ulanqab Municipal Government, and Century Internet aims to implement an integrated "source-network-load-storage" project, enhancing AI computing demand with stable and low-cost energy [3][4] - The Ulanqab data center is projected to achieve a PUE of 1.15, optimizing 23% compared to the industry average, with an estimated annual economic benefit of 1.3 billion yuan [3][4] Regulatory Compliance - The Ulanqab project has been recognized as a model case in the "Computing Power and Electricity Coordination" by the China Academy of Information and Communications Technology, providing a replicable solution for the industry [4] Financial Innovations - Shandong High Control has successfully issued a $40 million tokenized corporate note in Hong Kong, marking a significant step in integrating financial innovation with its computing power strategy [8][9] - The company launched China's first data center Pre-REITs fund, facilitating low-cost financing and connecting financial capabilities with operational needs [8][9] Future Outlook - The company is positioned as a leader in the computing power industry, leveraging its dual focus on industrial and financial sectors to create a digital economy ecosystem that integrates AI computing, data assets, and application scenarios [9]
AI定义算力新范式，山高控股(00412.HK)“电算一体”构建数字经济生态圈