北交所科技成长产业跟踪第七期：AI发展驱动下一代AI服务器电源崛起，关注北交所AI电源产业链企业

Group 1 - The AI server market in China is projected to reach CNY 560 billion by 2024, driven by the increasing demand for artificial intelligence and computing power [10][11][126] - AI servers are designed to meet the high parallel computing needs of AI applications, utilizing a combination of CPU, GPU, FPGA, and ASIC processors [8][126] - The power supply for AI servers must achieve a conversion efficiency of 97.5%-98% to support the high power density required by GPUs, which is higher than the 96% efficiency of traditional server power supplies [11][26][30] Group 2 - The median price-to-earnings (P/E) ratio for the electronic equipment industry on the Beijing Stock Exchange has decreased from 44.4X to 41.8X [49][62] - The total market capitalization of the electronic equipment industry has dropped to CNY 990 billion, with a median market value of CNY 18.71 billion [49][63] - The median P/E ratio for the machinery equipment industry has decreased from 40.2X to 37.9X, with the total market capitalization falling to CNY 759 billion [67][83] Group 3 - The median P/E ratio for the information technology industry has decreased from 51.7X to 46.9X, with the total market capitalization dropping to CNY 596 billion [72][73] - The median P/E ratio for the automotive industry has decreased from 22.0X to 20.3X, with the total market capitalization falling to CNY 356.63 billion [76][91] - The median P/E ratio for the new energy industry has decreased from 40.9X to 38.8X, with the total market capitalization dropping to CNY 394.32 billion [80][96]