人民财讯1月13日电，合力泰（002217）今日官微消息，近日，合力泰与上海道客网络科技有限公司正 式签署战略合作框架协议。此次签约标志着双方在人工智能与智能算力领域的合作进入全面落地新阶 段。上海道客是国内AI Infra领域的头部企业，基于自主技术积累，上海道客推出了新一代AI操作系统 d.run。根据战略合作规划，双方将以智能算力管理运营为核心，面向用户构建高效、灵活的算力共享 体系，为AI应用场景提供坚实支撑。其中，在场景拓展层面，双方将重点瞄准高端制造、金融科技、 自动驾驶等算力需求密集的关键行业，联合打造定制化的AI基础设施解决方案。 ...

Group 1 - Jinli Permanent Magnet expects a net profit of 660 million to 760 million yuan for 2025, representing a year-on-year growth of 127% to 161% [1] - Wens Foodstuffs anticipates a net profit of 5 billion to 5.5 billion yuan for 2025, a decrease of 40.73% to 46.12% compared to the previous year [2] - New Open Source plans to repurchase shares worth 40 million to 50 million yuan, with a maximum repurchase price of 25.77 yuan per share [3] Group 2 - Fosun Pharma's subsidiary has had a drug registration application accepted for a new drug targeting ALK-positive non-small cell lung cancer [4] - Leike Film reported a net profit of -86 million yuan for the first three quarters of 2025, indicating a potential annual loss [5] - Crown Stone Technology's application for a specific issuance of A-shares has been accepted by the Shanghai Stock Exchange [6] Group 3 - Dongxin Technology has completed the business registration change for its subsidiary, Lishuan Technology, and has invested 211 million yuan in it [7] - Tianci Materials has increased its commodity futures hedging business limit from 150 million to 300 million yuan [8] - Gaode Infrared's actual controller has reduced his shareholding by 0.54%, bringing his stake down to 62.95% [9] Group 4 - Tianyong Intelligent expects a net profit of 10 million to 15 million yuan for 2025, marking a turnaround from losses [10][11] - China Merchants Energy anticipates a net profit of 6 billion to 6.6 billion yuan for 2025, an increase of 17% to 29% year-on-year [18] - Guangdong Electric Power A's Huizhou Power Plant's Unit 5 has been put into commercial operation, with an investment of 8.05 billion yuan [19] Group 5 - Jianghuai Automobile reported a 42.24% year-on-year increase in sales volume for December 2025 [25] - China Pharmaceutical's subsidiary has received a drug registration certificate for a new medication [26] - TianNeng Co. plans to use up to 12 billion yuan of its own funds for entrusted wealth management [27] Group 6 - Luoyang Huizhong reported a 10.55% month-on-month decrease in sales revenue from live pigs for December 2025 [28] - Baolidi expects a net profit of 145 million to 152 million yuan for 2025, a year-on-year increase of 27.17% to 33.30% [30] - Changchun High-tech's subsidiary has had a melatonin granule registration application accepted [31] Group 7 - Zhongmin Energy reported a 4.46% year-on-year decrease in cumulative on-grid electricity for 2025 [32] - Huaxin Electronics reported a 7.79% year-on-year decrease in consolidated operating revenue for December 2025 [35] - Xiamen Airport reported a 2.79% year-on-year increase in passenger throughput for December 2025 [36] Group 8 - Baiyun Airport reported a 12.27% year-on-year increase in passenger throughput for December 2025 [37] - Pulaike has received a new veterinary drug registration certificate for a chewable tablet [38] - Yunnan Energy Holdings' subsidiary has reduced its stake to 84% after a capital increase [39] Group 9 - Gansu Energy Chemical's new thermal power project has successfully completed trial operation [41] - Zhenghong Technology reported a significant decrease in sales revenue from live pigs for December 2025 [42] - Huasheng Lithium Battery is planning to issue H-shares for listing on the Hong Kong Stock Exchange [43] Group 10 - Jincheng Mining has signed a mining production contract with an estimated total price of approximately 510 million yuan [44] - Microchip Biotech has received approval for clinical trials of a new drug for pancreatic cancer [45] - Yahon Pharmaceutical has completed the first patient enrollment for a Phase I clinical trial of its drug [46]

Core Viewpoint - The announcement highlights a strategic partnership between Runjian Co., Ltd. and JD Technology, focusing on collaboration in artificial intelligence, cloud computing, and intelligent computing power [1] Group 1: Strategic Collaboration - The companies signed a Strategic Cooperation Framework Agreement on January 8, 2026, to explore AI technology integration and commercial applications [1] - The partnership aims to leverage both companies' strengths in industry model development, intelligent agent distillation, and multi-agent system construction [1] Group 2: Application Areas - The collaboration will focus on scaling AI solutions in sectors such as smart agriculture, intelligent parks, digital cultural tourism, and smart retail [1] - Both companies will invest core resources to deploy JD Cloud's dedicated high-performance computing nodes at the Nanning Wuxiang Cloud Valley Intelligent Computing Center [1] Group 3: Technical Upgrades and Market Expansion - JD Technology will support Runjian Co., Ltd. in upgrading "Runjian Cloud" technology and enhancing its brand through its advanced cloud technology architecture and extensive ecosystem [1] - The partnership aims to jointly promote "Runjian Cloud" products and services across diverse markets [1] Group 4: Computing Power Collaboration - The companies plan to engage in comprehensive deep cooperation in the computing power sector, covering infrastructure, cluster services, maintenance services, and intelligent scheduling platform construction [1] - They will explore building an efficient and reliable advanced computing power service system together [1]

2025年是达州东部经开区建设发展的第4年，从"全力筹建"的夯基垒台，到"全速建设"的加速快跑，再 到"全员招商"的全面发力，达州东部经开区勇担全市"双园驱动"战略核心引擎重任，交出了经济量质齐 升、创新活力迸发、民生福祉增进的亮眼答卷。 中新网四川新闻1月5日电 (记者 张浪)4日，达州东部经开区举办"阔步十五五、奋进新征程"汇报大会。 大会明确"十五五"时期，达州东部经开区将坚持"大抓工业、重抓制造业"，奋力建成千亿级产业园区和 国家级经开区。 四年来，达州东部经开区发展始终以创新为核心密码，在产业培育上精准发力，加速构建多点支撑产业 格局。以方大达钢为链主企业，延链补链、聚链强链，全力打造千亿级现代钢铁产业集群。更有以星空 钠电、正宏储能为核心的千亿级新能源电池产业集群蓄势待发，与国际化工巨头巴斯夫达成战略合作， 构建从关键材料、电芯制造到系统集成、回收利用的产业闭环，抢占产业发展"制高点"。重庆邑丰新能 源改性甲醇燃料、全场景智健家居综合生产等项目加速落地，百亿级能源化工和智能制造产业集群雏形 初现。 招商模式上，达州东部经开区在产业链招商、基金招商全链条发力，成果丰硕。2025年，全年签约15个 项 ...

Core Viewpoint - The company has signed a significant contract with an overseas client for a data center project, which is expected to positively impact its future operating performance despite not having a major effect on the 2025 annual results [2][6]. Group 1: Contract Details - The contract amount is $98,992,200, which is approximately 696 million RMB based on the exchange rate of 1 USD to 7.0348 RMB as of December 30, 2025 [2][5]. - The contract is categorized as a routine operational sales contract and does not require board or shareholder approval as it does not constitute a major asset restructuring or related party transaction [3][4]. Group 2: Impact on Company Performance - Signing this overseas project contract demonstrates the company's brand competitiveness in the global market and is expected to contribute positively to long-term operational stability and market influence [6]. - The company has been actively involved in the data center sector for over a decade, developing a series of AIDC (Artificial Intelligence Data Center) power equipment products, which positions it well to meet the growing demand in the digital economy [6]. Group 3: Risk Analysis - The contract includes clear stipulations regarding product pricing, specifications, delivery timelines, payment methods, and dispute resolution, indicating that both parties have the capacity to fulfill their obligations [7].

Core Viewpoint - The company has signed a contract with overseas client F for a data center project, amounting to approximately 98.99 million USD, which translates to about 696 million RMB based on the current exchange rate [1] Group 1: Company Developments - The contract value is 98.99 million USD, equivalent to approximately 696 million RMB [1] - The company has over ten years of experience in the data center sector, allowing it to build a comprehensive product line including transformers, AIDC modular power equipment, and energy storage products [1] - The company is enhancing its product layout and service capabilities within the AIDC industry chain, focusing on intelligent manufacturing advantages [1] Group 2: Industry Trends - The global digital economy and demand for intelligent computing power are experiencing significant growth [1] - AIDC (Artificial Intelligence Data Center) is emerging as a core form of next-generation computing infrastructure, driving the entire industry chain towards efficiency, sustainability, and intelligence [1]

Core Viewpoint - Jinpan Technology (688676.SH) has signed a contract with overseas client F for a data center project, amounting to approximately 98.99 million USD, which translates to about 696 million RMB based on the exchange rate published by the People's Bank of China on December 30, 2025 [1] Group 1: Company Developments - The contract involves the provision of power products for a data center project [1] - The company has over ten years of experience in the data center field, allowing it to build a comprehensive product line that includes transformers, AIDC modular power equipment, and energy storage series [1] - Jinpan Technology is enhancing its product layout and service capabilities within the AIDC industry chain, leveraging its advantages in intelligent manufacturing [1] Group 2: Industry Trends - The global digital economy and demand for intelligent computing power are experiencing significant growth [1] - AIDC (Artificial Intelligence Data Center) is emerging as a core form of next-generation computing infrastructure, driving the entire industry chain towards efficiency, sustainability, and intelligence [1]

目前，讯众智算平台基于算力运营服务、算力纳管调度、实时监测管理及AI智能体赋能等核心能力， 主要面向央国企、智慧城市、智能汽车、金融、医疗等重点领域的算力升级与科技创新提供支撑。 公司方面表示，未来平台将持续深化建设，计划覆盖全国25个主要算力中心及数据中心节点城市，进一 步织密全国算力服务网络。还会持续进化，致力于打造集智能调度匹配、低延时专线传输、模型应用于 一体的综合性算力服务平台。 （文章来源：证券时报网） 记者12月30日获悉，讯众股份自主研发的智算运营平台近日上线并投入试运营。该平台致力于构建一体 化算力服务，实现资源的智能匹配整合、专线智能调度与高效流通，让算力如云通信服务一般便捷、经 济地赋能千行百业。 当前，人工智能浪潮席卷全球，智能算力已成为驱动科技创新的核心引擎。然而，算力资源分布不均、 供需匹配效率低下、异构算力难以统筹、使用成本高、管理复杂等痛点依然普遍存在，制约着AI技术 的深入应用与产业创新。 讯众股份算力运营平台的核心在于低延时、安全高效的异构算力调度以及管理能力。平台已成功接入遍 布全国骨干网的众多算力节点，初步构建起一个跨区域、跨服务商的协同算力网络。用户无需再为寻找 合适 ...

Investment Rating - The industry investment rating is "Outperform the Market - A" [1] Core Insights - The artificial intelligence (AI) industrialization wave is approaching, leading to a rapid increase in demand for Artificial Intelligence Data Centers (AIDC) [4][11] - Power distribution equipment is a crucial component of AIDC and is expected to benefit significantly from the high demand in AIDC [36] - Major companies involved in the AIDC sector are highlighted, indicating potential investment opportunities [3] Summary by Sections Section 1: AI Industrialization and AIDC Demand Growth - AI is at a critical turning point for commercial deployment, driving a rapid increase in demand for intelligent computing power [4][11] - AIDC serves as the physical carrier for intelligent computing power, benefiting from the AI industrialization wave [12] - AIDC is evolving towards high energy consumption and high density, necessitating continuous upgrades in power distribution equipment [30][35] Section 2: Power Distribution Equipment in AIDC - Power distribution equipment is a vital part of AIDC, accounting for approximately 13% of initial investment costs [42] - AIDC's power supply architecture typically employs redundancy designs to ensure high reliability [43][44] - Diesel generator sets are the most common backup power solution for AIDC [56][60] - The transition from UPS to high-voltage direct current (HVDC) systems is anticipated, with HVDC becoming the mainstream architecture in the future [68][86] - The market for server power supplies is projected to exceed 100 billion, with supercapacitors and battery backup units (BBU) being key growth areas [113]

Group 1 - The China Securities Association has issued a notice to brokerages, emphasizing the need to enhance the quality and efficiency of stress testing in the industry, moving from a focus on mere existence to evaluating effectiveness [1] - The notice identifies issues such as "heavy on form, light on application" and insufficient coverage of complex business risks, and outlines five areas for improvement in stress testing management [1] - This shift in regulatory focus indicates that risk management in the brokerage sector is entering a new phase of higher standards and practical effectiveness [1] Group 2 - The A-share market is experiencing increased volatility and stock differentiation, while thematic sectors like commercial aerospace and new retail are thriving, with some indices reaching historical highs [2] - Private equity firms are adapting to this market environment by either embracing trends or sticking to value investments, with a consensus on the need for multi-layered layouts around AI-driven industry opportunities [2] Group 3 - The People's Bank of China has called for increased counter-cyclical and cross-cyclical adjustments in its monetary policy to support stable economic growth and reasonable price recovery [3] - The central bank aims to implement a moderately loose monetary policy while enhancing the coordination between monetary and fiscal policies [3] Group 4 - The China Securities Index Company has launched a series of intelligent computing power indices, which include 16 indices reflecting the service capacity of China's intelligent computing power market [4] - This index series aims to provide layered data support for the market-oriented allocation of computing resources [4] Group 5 - The issuance of stock index funds has reached a record high of 400.47 billion yuan in 2025, indicating a significant shift towards tool-based investment products among investors [5] - This growth reflects the rapid development of index funds, marking the first time the annual issuance of stock index funds has surpassed 400 billion yuan [5] Group 6 - The Japanese yen has not strengthened despite the Bank of Japan's interest rate hike, reflecting structural challenges in the country's monetary policy normalization process [6] - The yen's role as a cheap financing currency is diminishing, which may impact global long-term asset allocation patterns [6] Group 7 - Hong Kong's IPO market has regained its position as the largest globally in 2025, driven by significant IPOs from companies like CATL and Zijin Mining [7] - Eight of the top ten IPOs in Hong Kong this year exceeded 10 billion HKD, with a high proportion of these being A-share companies listed or spun off in Hong Kong [7] Group 8 - The competition among new energy vehicle manufacturers is shifting from acquiring new customers to focusing on existing customers through "repurchase" policies [8] - This change is driven by the need to adapt to a market where early electric vehicle models are entering replacement cycles, leading to a demand for upgrade purchases [8] Group 9 - The domestic gaming industry has reached a new revenue high, with mini-program games contributing significantly, generating 53.54 billion yuan in 2025, a 34.39% increase year-on-year [9] - Mini-games now account for 15% of the overall gaming market revenue, highlighting their importance as a growth driver [9] Group 10 - A total of 141 public funds have seen their net asset values increase by over 100% in 2025, with some funds exceeding 200% growth, particularly in the technology sector [10] - Notable funds include Yongying Technology Select A and Dachen Technology Innovation A, which have performed well in annual rankings [10] Group 11 - Banks are intensifying their support for automotive consumer finance with low-interest loans and high credit limits to stimulate demand in the car market [11] - This strategy aligns with national policies aimed at boosting consumption and enhancing brand influence for the banks [11] Group 12 - Private equity firms have invested 5.98 billion yuan in A-share private placements in 2025, reflecting a 23.48% increase from the previous year [12] - The investment has yielded significant returns, with a floating profit of approximately 2.72 billion yuan as of December 23 [12]