香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 佈 的 內 容概 不 負 責， 對 其 準 確 性或 完 備 性 亦無 發 表 任 何 聲明 ， 並 明 確 表示 概 不 就 因本 公 佈 全部 或 任 何 部 分內 容 而 產 生或 因 依 賴 該 等內 容 引 致 的 任何 損 失 承 擔任 何責任。 俊 知 集 團 有 限 公 司 * （ 於開曼群島註冊成立的有限公司） （股份代號：1300） 自願公佈— 預中標中國電信集團有限公司（「中國電信」） 電力電纜（2025年– 2027年）集中採購項目 此乃俊知集團有限公司（「本公司」，連同其附屬公司合稱「本集團」）之自願 公佈。 本集團董事會欣然公佈，2026年2月28日，中國電信通過其線上商務平臺公 佈了中國電信電力電纜（ 2025年– 2027年 ）集中採購項目中標結果公示（ 以下 簡稱「中 標公示」），本 集團之全 資附屬公司 ，江蘇俊 知技術有 限公司（ 以下 簡稱「俊知技術」）為相關中標候選人，預中標具體項目如下： 中國電信電力電纜（ 2025年– 2027年 ）集中採購項目：俊知技術此次投標報價 ...

2026年2月26日，中贝通信（sh603220）触及涨停，涨停价27.43元，涨幅8.94%，总市值145.73亿元，流 通市值117.99亿元，截止发稿，总成交额11.32亿元。 声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 根据喜娜AI异动分析，中贝通信涨停原因可能如下，定向增发+智算中心+5G建设： 1、中贝通信成功 完成定向增发募资19.2亿元，增强了资金实力，为智算中心和5G网络建设提供有力支持。此次定向增发 还引入了诺德基金、财通基金等多家知名机构投资者，显示出市场对公司的认可，这一系列举措对股价 形成利好刺激。 2、公司资金主要投向智算中心和5G建设，符合国家政策方向。在当前数字经济快速发 展的背景下，5G新基 ...

【申万宏源通信】多模态需求+春节应用推广，看好算力底座/IDC成长(20260210早） #字节多模态Seedance2.0加码算力需求。 Seedance2.0在分镜运镜、音画同步、多镜头叙事能力等方面进步显著；一旦多模态渗透率提升，对tokens和算力底 座需求量将指数级增长。 年底年初字节、阿里等招投标进展，初步推动IDC估值修复。 但中长期真正打开 【申万宏源通信】多模态需求+春节应用推广，看好算力底座/IDC成长(20260210早） #字节多模态Seedance2.0加码算力需求。 Seedance2.0在分镜运镜、音画同步、多镜头叙事能力等方面进步显著；一旦多模态渗透率提升，对tokens和算力底 座需求量将指数级增长。 腾讯链： 年底年初字节、阿里等招投标进展，初步推动IDC估值修复。 但中长期真正打开智算中心需求的，是云厂应用/agent/多模态的商业化进展。 伴随CSP春节期间持续营销投流打开泛化AI入口，IDC作为算力底座真实需求将显著提升，预计行业持续高景气。 #从选股的角度，字节、阿里、腾讯等后续有望轮动表现。 看好绑定云厂的核心IDC。 字节链（优先推荐）： #东阳光（字节核心、远 ...

格隆汇2月9日丨同有科技(300302.SZ)在投资者互动平台表示，公司产品已规模化应用于智算中心等应 用场景。 ...

Core Insights - The report highlights the transformation of traditional financial companies into AI data centers and GPU cloud service providers, particularly in the context of cryptocurrency mining companies like Hut 8 and IREN Limited transitioning to AI services due to declining Bitcoin profits and increasing AI computing demands [1] - CANG.US has successfully transitioned to a Web3 mining company while simultaneously initiating AI development, recognized for its strong execution capabilities and high operational efficiency [1][2] - The company has adopted a financing model based on "electricity loans," using Bitcoin as collateral to secure funding for electricity payments, with a competitive interest rate of approximately 7.5% [1] Company Transformation - CANG.US, originally an automotive finance service platform, transitioned to Bitcoin mining by divesting all its China-based operations by May 2025, retaining only a minor used car export service [2] - The company invested $256 million in acquiring second-hand Antminer S19 XP series mining machines, achieving a total hash rate of 50 EH, ranking it among the top Bitcoin mining companies globally [2][3] - The mining equipment is distributed globally, with approximately 60% located in the U.S. and the remainder in countries like Paraguay and Oman, demonstrating a strategic focus on cost-effective and readily available mining technology [2] Bitcoin Mining Operations - CANG.US's mining operations rely heavily on electricity costs, which constitute the largest expense, with a cash cost of $81,072 per Bitcoin as of Q3 [3] - The company has implemented a pricing mechanism in its electricity contracts to protect against low theoretical returns, ensuring operational sustainability [3] - The mining business is characterized by a simple model where profitability is primarily influenced by Bitcoin prices and electricity costs, with the company focusing on cost control and waiting for price increases to secure profits [3] AI Transition Strategy - The company is advancing its transition from Bitcoin mining to AI, having initiated several pilot projects in AI computing and green energy in Q4 2025, with a focus on developing AI business in 2026 [9] - The strategic plan includes a three-step approach, maintaining Bitcoin mining as a foundational business while simultaneously investing in AI [9] Financial and Financing Situation - Significant changes in the balance sheet include a reduction in other receivables due to asset disposals and an increase in long-term receivables reflecting the fair value of Bitcoin collateral [10] - The financing structure is centered around electricity loans, with a long-term debt of $400 million, and the company employs a dual leverage strategy based on computing power and operations [12] Shareholder Structure and Governance - The shareholder structure is relatively dispersed, with significant holdings by early investors and new strategic partners, while the largest voting rights are held by Enduring Wealth Capital Limited (EWCL) [13][14] - The company has a dual-class share structure to ensure control remains with experienced industry players, facilitating the transition to new business areas [14]

Group 1 - The core viewpoint of the article is that Yuhua Tian (300815) has established an intelligent computing center at its headquarters, referred to as "Cloud Intelligent Computing," which lays the foundation for the digital transformation of internal management and urban operations [1] Group 2 - The intelligent computing center is part of the company's efforts to upgrade its management and operational capabilities through digitalization [1]

格隆汇1月29日丨亿田智能(300911.SZ)在投资者互动平台表示，目前庆阳智算中心可以提供算力服务， 客户主要有无问芯穹等公司。 ...

Core View - The report from Huachuang Securities indicates that under the influence of the Agent architecture, CPUs are expected to transition from supplementary resources to one of the core computing power elements, with domestic CPU leaders likely to leverage their ecosystem and customization capabilities to penetrate the incremental market, maintaining a high prosperity cycle through 2026 [1] Demand Side: Agent Applications Drive CPU Demand Upgrade - The explosion of computing power demand is driven by Agent applications, requiring CPUs to support multi-threading and dynamic load adjustments, significantly increasing the time spent on task processing [2] - The number of active Agents is projected to surge from approximately 28.6 million in 2025 to 2.216 billion by 2030, representing a compound annual growth rate of 139% [2] - U.S. data center construction spending is expected to reach $43.8 billion by October 2025, more than double the amount in the same period of 2024 [2] Supply Side: Advanced Process Resource Allocation and Packaging Bottlenecks - Advanced process resources are prioritized for GPUs, with TSMC's N2 and N3 capacities being allocated to major companies like Apple and NVIDIA, limiting the wafer allocation for consumer and enterprise CPUs [4] - Backend packaging technology bottlenecks have led to CPU shipment cycles extending from the normal 8-10 weeks to over 24 weeks due to high utilization rates [4] - A shortage of key materials, such as low thermal expansion coefficient glass, is critical for the industry's transition to glass substrates, which are replacing organic materials in high-power AI chip packaging [4] - CPU manufacturers are adopting a more conservative strategy from 2024 to 2025, reducing production capacity and inventory levels, resulting in tight inventory conditions [4] Conclusion - The combination of structural demand shifts from Agent applications and large-scale demand from intelligent computing centers is expected to drive a new round of growth in the CPU industry [3] - The CPU supply may enter a tight balance due to multiple constraints [5]

先进数通公告，预计2025年度净利润为1亿元～1.25亿元，同比增长159.96%～224.96%。报告期内，公 司IT基础设施建设业务实现显著增长，主要受益于互联网企业加速布局智算中心、金融机构持续升级数 据中心基础设施，相关市场需求呈现快速增长态势。公司凭借在高效能算力、弹性架构与绿色节能解决 方案等领域的技术积累与全面服务能力，推动该业务板块收入规模显著提升，成为公司本期净利润增长 的核心动力。 ...

南财智讯1月28日电，先进数通发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 10000万元—12500万元，同比预增159.96%—224.96%；预计2025年全年归属于上市公司股东的扣除非 经常性损益的净利润为8600万元—11100万元，同比预增127.07%—193.08%。报告期内，公司IT基础设 施建设业务实现显著增长，主要受益于互联网企业加速布局智算中心、金融机构持续升级数据中心基础 设施，相关市场需求呈现快速增长态势。公司凭借在高效能算力、弹性架构与绿色节能解决方案等领域 的技术积累与全面服务能力，推动该业务板块收入规模显著提升，成为公司本期净利润增长的核心动 力。此外，报告期内，公司实现投资收益约143万元，相应贡献净利润约122万元；上年同期投资收益 为-934万元，对净利润影响约为-746万元。投资收益导致公司本报告期净利润较上年同期增加约868万 元。 ...