YSDZ(SZ:002289) Guo Ji Jin Rong Bao·2025-09-14 14:17Core Viewpoint - The strategic cooperation between Shanghai Fengwang and Bianji Technology aims to strengthen the artificial intelligence computing power industry through close industrial and capital collaboration [1][3]. Group 1: Company Overview - Bianji Technology, established on July 1, 2020, is a leading AI computing power service provider in China, operating an AI computing power cluster of no less than 20,000 P and planning to expand to at least 50,000 P [1]. - Bianji Technology has achieved full-scenario topology coverage and is steadily progressing towards managing a ten-thousand-card cluster [1]. Group 2: Strategic Developments - Shanghai Fengwang's significant asset, Yushun Electronics, is also transitioning towards new productive forces, having announced a major asset restructuring in April to acquire a computing power center with 8,000 cabinets for 3.3 billion yuan [2]. - The three companies involved in the acquisition have reported revenues of 735 million yuan, 815 million yuan, and 218 million yuan for 2023, 2024, and the first quarter of 2025, respectively, with net profits significantly exceeding Yushun Electronics' current performance [2]. Group 3: Market Context - The AI computing center is recognized as a critical infrastructure in the smart era, with increasing demand for GPU computing power and a shortage of high-performance chips driving policy support for the sector [1]. - The investment in computing center assets is timely, aligning with national goals to accelerate the development of new productive forces [1].