1月27日，贵州省十四届人大四次会议第一次全体会议(开幕会)现场。 中新网记者瞿宏伦 摄 "十五五"贵州：发展新质生产力 瞄准数字经济核心产业 中新网贵阳1月27日电 (记者 张伟 杨茜)贵州省第十四届人民代表大会第四次会议27日在贵阳开幕，贵州 省省长李炳军作政府工作报告。记者会上获悉，"十五五"时期，中国首个国家大数据试验区——贵州预 期发展新质生产力取得重大进展，数字经济核心产业增加值占地区生产总值比重达8%。 为实现上述目标，贵州在政府工作报告中首次明确提出，加快发展算力、数据、人工智能、电子信 息"四大产业"。 截至目前，贵州全省算力规模突破160Eflops(每秒百亿亿次浮点运算)，成为中国智算资源最多、能力最 强的地区之一。登顶全球动画票房榜首、创下全球影史单一市场票房第一佳绩的《哪吒2》是贵州算力 应用的案例之一。为《哪吒2》提供超过40%的特效镜头算力保障的贵安超算中心，凭借强大算力，将 渲染任务缩短至几个月，极大提升了影片制作的效率与质量。 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信 ...

开好局起好步 提高的补贴什么, 六、阿图人 酸胚门协调,助力圆区产 量 科技打造 第 100 习近平同越共中央总书记苏林通电话 一线职工朋友们》出版发行 《习近平与 李强主持召开各民主党派中央、全国工商联 负责人和无党派人士代表座谈会 听取对政府工作报告、"十五五"规划纲要的意见建议 全 国 科 技 工 作 会 议 在 京 召 开 丁薛祥出席会议并讲话 超碰群会最佳影 韩正会见伊斯兰合作组织秘书长塔哈 副主席韩正在北京会见伊 2025年国内居民出游人次超 65 亿 5.30 万亿元,同比增长 7.5%;农村周 2025年全国机动车保有量达4.69亿输 2026 年 1月 全国社会工作部长会议在京召开 察奇出席并讲话 本报:免按:月26日# > 图片 智驾汽车如何迅速识别车道线？"百鸟河数字小镇"里有答案。 在镇内的数据标注企业，把真实的道路图片标注成高质量数据集，为智驾系统训练提供"养料"。作为贵州省首个 县级大数据产业园，2025年，"百鸟河数字小镇"年产值4.5亿元、培养数字人才逾3000人，眼下正全力提升科技水 平，提高资源集聚和辐射带动能力。 以数据标注产业为突破口，贵州加快构建覆盖数据采集、标注、交 ...

Core Viewpoint - Shanghai Suyuan Technology Co., Ltd. has received acceptance for its IPO application on the Sci-Tech Innovation Board, marking it as another leading domestic AI chip company entering the secondary market after several others [1] Group 1: IPO and Fundraising - The company plans to issue no less than 43.04 million shares and no more than 68.35 million shares, aiming to raise approximately 6 billion yuan for the development and industrialization of its AI chip series products [1] - The estimated valuation of Suyuan Technology is 18.2 billion yuan as of August 2025 [1] Group 2: Shareholding Structure - Suyuan Technology has no single controlling shareholder, with co-founders Zhao Lidong and Zhang Yalin collectively controlling 28.1% of the voting rights through direct holdings and employee stock ownership platforms [2] Group 3: Strategic Partnerships - Tencent is the largest shareholder, holding 20.26% of the shares, and has been a significant customer and capital supporter, providing strong backing for the commercialization of Suyuan's AI chips [4] - The collaboration with Tencent dates back to 2020, with Suyuan's first training chip being tested and launched on Tencent Cloud [4] Group 4: Revenue and Client Dependency - A significant portion of Suyuan's revenue comes from Tencent, with 57.28% of sales directly to Tencent and 71.84% when including designated final customers [5] - As of September 2025, accounts receivable from Tencent accounted for 29.92% of Suyuan's total accounts receivable [5] Group 5: Research and Development - Suyuan Technology has high R&D expenditures, with 9.88 billion yuan, 12.29 billion yuan, and 13.12 billion yuan spent from 2022 to 2024, totaling 35.29 billion yuan, which is over 316% of its revenue during the same period [6] - The company reported net losses of 1.15 billion yuan, 1.57 billion yuan, and 1.50 billion yuan for the years 2022 to 2024 [7] Group 6: Market Position and Product Development - Suyuan Technology focuses on building its own chip ecosystem, differentiating itself from competitors that rely on NVIDIA's CUDA ecosystem [8] - The company has developed a full-stack AI computing and programming software platform called "Yusuan TopsRider" to enhance the performance of its hardware products [9] - Suyuan's AI accelerator card sales reached 38,800 units, capturing approximately 1.4% of the Chinese AI accelerator card market in 2024 [9] Group 7: Future Outlook - The company is expected to reach breakeven by 2026, assuming no significant changes in external trade conditions [7] - Suyuan is actively expanding into government-led intelligent computing center projects, with significant revenue contributions expected from these initiatives [5]

Group 1: Core Insights - The "Bai Niao He Digital Town" in Guizhou is focusing on data annotation to support intelligent driving systems, aiming for an annual output value of 450 million yuan and training over 3,000 digital talents by 2025 [1] - Guizhou is accelerating the construction of a comprehensive data industry chain, targeting a digital economy output value exceeding 280 billion yuan by 2025, with an average annual growth rate of over 16% during the 14th Five-Year Plan period [1] - The province is committed to enhancing its digital economy by integrating computing power, data, applications, and industry, with a focus on developing intelligent computing and data industries [1] Group 2: Infrastructure and Capacity - Guizhou has 50 data centers under construction or in operation, with a computing power scale of 160 trillion operations per second, of which over 98% is intelligent computing [3] - The province plans to continue issuing computing power vouchers annually to reduce costs for enterprises, while also providing precise services for ongoing computing projects [3] Group 3: Industry Ecosystem and Talent Development - The data annotation base in Guizhou is set to attract nearly 100 companies, focusing on automatic driving and large model training, leveraging the region's advantages in data centers and talent [4] - Guizhou has over 253 educational institutions offering big data-related programs, producing more than 53,000 graduates annually, which supports the growth of the digital economy [4] Group 4: Application and Innovation - Guizhou has established a 400G computing power channel and is implementing the "AI+" initiative, resulting in over 110 large model application scenarios across 24 key industries, with the AI core industry scale reaching 24 billion yuan [5] - The province aims to create over 1,000 application scenarios in the future, focusing on high-quality data set construction and AI empowerment [6]

Summary of Key Points from Conference Call Records Industry Overview Real Estate Market in China - The Chinese real estate market is transitioning from a rapid decline to a stabilization phase, which is expected to take time. The government may implement selective pilot policies, such as mortgage subsidies, to prevent excessive adjustments and moral hazards, but comprehensive support would be costly [1][3][4] - The real estate sector continues to significantly drag on China's nominal GDP, with a projected impact of -2.3% in 2025 and around -1.7% in 2026-2027, posing challenges to achieving a 5% GDP growth target [1][4][18] - The current state of the real estate market is characterized by falling prices, which suppresses consumption and employment, necessitating policy intervention to restore expectations [7][17] Global Geopolitical Landscape - The global geopolitical landscape is characterized by "stability in the East and turmoil in the West," affecting dollar assets and leading to a noticeable depreciation of the dollar. Central banks are increasingly holding gold and other non-traditional safe-haven assets to mitigate risks associated with fiat currency systems [1][5] - Western countries are adopting a more pragmatic approach towards China, seeking mutually beneficial cooperation in sectors like new energy vehicles, agricultural products, and services, which provides a window for upgrading China's export industry and attracting foreign investment [1][6] AI and Data Center Industry - The demand for data centers is expected to grow significantly, driven by the anticipated capacity of domestic GPUs. The overall growth rate of the industry is projected to be 18% over the next three years [2][29] - AI applications have a higher tolerance for network latency, which is facilitating the rapid emergence of data centers in remote areas [30][31] - The investment return rates for data centers are expected to stabilize around 10-11%, regardless of location, due to changes in supply and demand dynamics [32] Core Insights and Arguments Real Estate Market Challenges - The real estate market is currently in a phase of declining transaction volumes and prices, with a need for policy interventions to prevent further deterioration. The government is likely to adopt targeted measures rather than broad-based support [3][17][26] - The anticipated decline in housing prices is projected to be 8% in 2026 and 6% in 2027, with stabilization expected in high-demand cities by late 2027 [16][22] Geopolitical and Economic Implications - The depreciation of the dollar and the shift towards gold as a strategic asset reflect a broader trend of declining confidence in traditional fiat currency systems. The expectation is that gold prices could reach $5,700 per ounce by the second half of 2026 [5][14] - The geopolitical environment is conducive to Chinese asset allocation, with a healthy liquidity in the Chinese stock market and effective regulatory interventions to maintain rational market sentiment [10][11] AI Sector Dynamics - The competition between China and the U.S. in the AI sector shows strengths on both sides, with the U.S. leading in large models and computational power, while China excels in domestic computational alternatives and application scenarios [9] - The shift in data center strategies among internet companies towards relying on service providers rather than building their own facilities is indicative of a healthy market evolution in remote areas [34] Additional Important Insights - The recent improvement in transaction volumes in major cities is attributed to various factors, including policy adjustments and seasonal effects, but its sustainability remains uncertain [23][24] - The overall sentiment in the Chinese stock market has shown signs of rationality, with regulatory measures effectively managing market emotions [11] - The long-term outlook for housing demand in China suggests a shift towards a predominance of second-hand housing transactions by 2040, with a significant reduction in new housing sales [27][28]

Core Viewpoint - The company, Yimikang, is expected to achieve a net profit of 25 million to 37 million yuan for the fiscal year 2025, marking a turnaround from losses in the previous year, primarily driven by significant growth in its precision cooling product business [1] Group 1: Financial Performance - The projected net profit for 2025 is between 25 million and 37 million yuan, with a non-GAAP net profit expected to be between 24 million and 36 million yuan, indicating a return to profitability year-on-year [1] - The main reason for the performance improvement is the substantial increase in revenue from precision cooling products [1] Group 2: Business Strategy - The company is focusing on the information data sector, integrating smart engineering, software platforms, and intelligent operations to enhance its precision cooling capabilities [1] - Yimikang has adopted a strategy of targeting major clients, aligning with the growing demand for precision cooling products in the domestic market, leading to a continuous increase in orders [1] - The company is also expanding its overseas orders significantly, contributing to the growth of its precision cooling product line [1] Group 3: Market Development - In 2025, the company will extend its smart engineering business to the construction of intelligent computing centers, supporting high-performance computing needs in various sectors, including AI model training and energy simulations [2] - The company has established a dual-market strategy, expanding its domestic client base with major companies like Alibaba and ByteDance, while also entering international markets in Southeast Asia and the Middle East [2] Group 4: Investment and Growth - In Q4 2025, a strategic investment from Chuanfa Securities Fund has been made, optimizing the company's equity structure and strengthening its foundation in the computing power sector [2] - Yimikang plans to raise funds through a private placement to enhance its research and development capabilities for cooling products, aiming to meet the fast-evolving demands of AI chips and GPU interconnections [2]

转自：新华财经 "十四五" 期间，中国工商银行河北省分行（以下简称 "河北工行"）紧扣国家战略导向与河北发展脉搏，将自身发展深度融入区域经济社会建设全局，以金 融活水精准滋养实体经济。截至 2025 年 12 月末，该行各项贷款余额超 1.2 万亿元，稳居河北第一信贷银行；全部存款、各项贷款增量双双突破千亿大关， 实现同业双首位，交出了一份亮点纷呈的年度答卷。 锚定国家战略 激活协同发展新引擎 在京津冀协同发展战略指引下，河北工行持续优化金融资源配置，精准对接重点领域需求。作为"东数西算"工程京津冀算力枢纽节点建设的金融同行者，该 行已支持近20家算力相关企业，有效承接北京算力外溢，带动本地配套产业协同发展。连续3年作为廊坊经洽会战略合作伙伴，支持石家庄化工物流园区等 重点项目落地，助力构建高效区域物流网络；制定八大省级主导产业专属服务方案，聚焦5个核心城市更新项目，绘就城乡发展新图景。 在雄安新区建设中，河北工行创下多项同业第一。为新区超三分之二疏解央企、疏解机构提供账户服务，实现京雄城际铁路等40余个标志性项目融资全覆 盖，为近50%科创企业、超80%专精特新企业提供专属服务。2025年7月，成功完成全国 ...

此外，摘帽绝非仅仅是一项行政程序的完成，其本质是一场资本市场上关于公司持续经营能力与盈利真 实性的信任重建。在注册制改革深入推进、市场加速优胜劣汰的当下，只有业绩的持续改善，才能为公 司的价值回归提供坚实的注脚。如果说国资赋能与市场关注为易事特摘帽打开了预期空间，那么公司自 身基本面的实质性修复，则是决定其能否重塑价值的关键内核。 【环球网财经综合报道】近日，易事特（300376.SZ）接连完成两项重大进展。继1月14日成功"摘帽"复 牌后，公司于1月23日公告，荆州市国资委已批复同意荆江实业受让公司18.66%股份，公司控制权将正 式移交至荆州国资旗下。这两项进展标志着公司治理风险已获化解，并迎来具有产业协同潜力的国有资 本控股，为后续战略发展奠定了坚实基础。 在A股市场中，ST企业的"摘帽"之路往往道阻且长。不少上市公司因持续经营能力存疑、整改不力等原 因，多年受困于风险警示状态，甚至最终退市。相比之下，易事特从被实施其他风险警示到完成整改、 正式申请摘帽，用时仅一年，不仅是公司治理与基本面的实质性改善，也体现了公司重回健康发展轨道 的决心与执行力。 二级市场方面，截至2026年1月26日午间收盘，公司股 ...

January 23, 2026 02:50 AM GMT 规模要求、资源可得性与政策共同推动互联网大厂未来 AI 数 据中心建设向偏远地区倾斜。在 AI 时代，远端数据中心市场 的供需关系更健康、回报更稳定。拥有强大资源储备的领先 数据中心企业将受益。 拐点：由于美国对英伟达 H20 的出口禁令，中 国2025年第二到第四季度数据中心需求处于相对低 位；但随着国产 GPU 的快速量产，2025年底行业 迎来拐点。若英伟达 H200 可以进入中国市场，需 求增长将进一步提速。我们预计2025–2028年中国 数据中心装机容量年复合增速将达到 18%，并 在2028年达到约44GW，相当于届时美国装机容量 的43%。虽然低于云时代后期的80–90%，但我们预计之后会持续稳步提升。 变局：在上一轮云周期中，一线城市与远端地区的数据中心部署比例约为50:50。 而在 AI 时代，我们预计远端地区将占据70–80%的新增建规模。规模化需求，资 源可用性，以及国家发改委"东数西算"政策正推动 AI 数据中心加速布局至西部 指定枢纽，这契合了当前的大模型训练的竞争，也匹配现在领先的 AI 应用发展， 比如聊天机器人、AI ...

水电开发有力推动了四川能源结构的持续优化，助力四川加快构建以水电为基础、风电和光伏为重要补 充的清洁能源"双主体"电源结构。在四川水电装机突破1亿千瓦之际，依托两河口超级水库电站打造 的"绿电+算力"融合项目——两河口算电融合示范项目在甘孜州正式投运，这是国投集团雅砻江公司探 索新能源与新兴产业融合互促的重要举措。"雅砻江流域处于成渝地区国家枢纽节点周边，建设智算产 业与'东数西算'工程布局高度契合，公司将以两河口算电融合示范项目为契机，探索'源网荷储'一体化 绿电直供，积极承接'东数西算'等国家重大战略，推动公司从能源供应商向'能源+算力'综合服务商转 型。"国投集团雅砻江公司党委书记、董事长孙文良说。 业内人士介绍，四川水电仍有一定可开发空间，未来其功能定位将逐渐从单一电量供应转向电量供应与 灵活调节并重。作为全国清洁电力供给枢纽，四川还将持续推动清洁能源结构优化升级，从"水电大 省"向清洁能源强省和绿色低碳产业高地跨越。(责任编辑：朱赫) "千河之省"四川，水电资源技术可开发量居全国首位，水电开发已走过百年历程。近期，随着攀枝花银 江水电站最后一台机组顺利并网，四川水电装机规模突破1亿千瓦，约占全国水电 ...