Ge Long Hui A P P·2025-10-10 07:13Core Viewpoint - The acquisition of AutoDL by Dongfang Guoxin is expected to drive the expansion of its main business, supported by the growing trend in the industry and the company's strategic positioning in the AI computing power sector [1] Group 1: Company Overview - Dongfang Guoxin has acquired AutoDL, the leading player in C-end computing power, which operates the largest C-end AI computing power cloud platform in the country [1] - The business scale of AutoDL exceeds the combined total of its competitors ranked 2nd to 10th in this niche market [1] Group 2: Industry Position and Capabilities - The company possesses a full industry chain capability, ranging from server manufacturing, AIDC construction to computing power cloud services [1] - It has nearly 30,000 GPUs and over 20 models of domestic AI acceleration chips, demonstrating a significant computing power scheduling capability of "100,000 cards" and "10,000 P" [1] Group 3: Resource Pool and User Base - Following the acquisition, the company is expected to integrate its existing GPU resources, potentially forming a computing power resource pool of nearly 40,000 GPU cards [1] - This resource pool will serve over 700,000 C-end users and more than 6,000 enterprises [1] Group 4: Strategic Outlook - The industry is showing signs of recovery, and the company is strategically entering new markets and updating its product offerings, laying a foundation for long-term development [1] - The report initiates coverage with a "buy" rating based on these positive indicators [1]