LCXX(SZ:000977) Di Yi Cai Jing·2025-10-04 13:20Core Insights - Chinese computing power companies received significant contracts during the National Day holiday, with China Unicom and Industrial and Commercial Bank of China (ICBC) announcing server procurement projects totaling over 10 billion RMB [1][5] - The projects primarily feature domestic chips, highlighting the rapid growth and market establishment of local chip manufacturers [1][8] Group 1: ICBC Server Procurement - Inspur Information won a 3 billion RMB server procurement project from ICBC, which set stringent conditions for bidders, including prior contracts with major banks and telecom companies [2][4] - The project involves air-cooled servers, despite a market shift towards liquid cooling, indicating a continued demand for traditional cooling methods [2][4] - The scale of this hardware tender is notable, as typically multiple companies would win such contracts, but this time only Inspur was selected as the primary bidder [2][5] Group 2: China Unicom Server Procurement - China Unicom's centralized procurement project for general servers totaled 7.96 billion RMB, with 11 manufacturers sharing the contracts [4][5] - The procurement was divided into two packages: one for Intel CPU servers and another for domestic computing servers, with significant portions allocated to domestic brands like Haiguang and Kunpeng [4][5] - Domestic server providers secured the majority of the contracts, reflecting a strong preference for local technology [5] Group 3: Market Position and Growth - Inspur Information is currently the leading domestic server provider, holding a 30.8% market share in the x86 server market, followed by other companies like Super Fusion and H3C [7][6] - The x86 server market in China is projected to reach 39.3 billion USD in 2024, indicating robust growth potential for domestic manufacturers [7] - Local chip companies, such as Haiguang and Huawei, have emerged as key players, with Haiguang's products compatible with mainstream operating systems and instruction sets [8][9] Group 4: Industry Trends and Future Outlook - The increasing adoption of domestic chips is supported by favorable policies and technological advancements, with significant growth observed in sectors like finance and internet [10][9] - The market share of domestic chips is growing, with Haiguang holding approximately 30% and Huawei's Kunpeng dominating around 70% [10] - The shift towards AI and the need for enhanced computing power are driving the development of local AI computing companies, creating new opportunities in the market [10]