值得注意的是，英诺赛科近期宣布完成配售1358万股新H股，配售价为每股H股40.50港元，募资净 额为5.43亿港元。富瑞发布研报称，通过此次配股集资，英诺赛科将解决2027年预计约5，000万美元的 资金缺口问题，目前预测公司今年资本开支为5.7亿元人民币，至明年将增至14亿元人民币，相信英诺 赛科将于今年下半年打入中国电动车供应链，明年加快产能扩张有助支持相关业务拓展，确保供应稳定 性，并增强下游客户如电动车厂商采用氮化镓技术的信心，形成良性循环。 (责任编辑：宋政 HN002) 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 英诺赛科(02577)午前飙升30.68%，中午收报57.50港元，成交额3.81亿港元。 8月1日，英伟达官网更新800V直流电源架构合作商名录，英诺赛科是本次入选英伟达合作伙伴中 唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动800V直流(800VDC)电 ...

Core Insights - InnoLux (02577) shares surged by 14.2% to HKD 50.25, with a trading volume of HKD 182 million, following the announcement of a partnership with NVIDIA to promote the 800V direct current (800VDC) power architecture in AI data centers [1] Group 1: Partnership and Technology Advancement - InnoLux is the only Chinese chip company listed as a partner in NVIDIA's updated 800VDC power architecture collaboration, indicating a significant partnership [1] - The collaboration aims to enhance computing density in single data center rooms by over 10 times, enabling power density in single cabinets to exceed 300kW, marking a transition to megawatt-level power supply for global AI data centers [1] Group 2: Financial Developments - InnoLux recently completed the placement of 13.58 million new H-shares at a price of HKD 40.50 per share, raising a net amount of HKD 543 million [1] - According to Jefferies, the funds raised will address an estimated USD 50 million funding gap expected in 2027, with projected capital expenditures increasing from RMB 570 million this year to RMB 1.4 billion next year [1] - The company is expected to enter the Chinese electric vehicle supply chain in the second half of this year, with accelerated capacity expansion planned for next year to ensure supply stability and boost confidence among downstream customers in adopting gallium nitride technology [1]

Core Insights - NVIDIA has officially partnered with InnoSilicon, the only Chinese chip company in its 800V DC power architecture collaboration, to promote the large-scale application of 800V DC power architecture in AI data centers [1] - The collaboration aims to enhance the computing power density of single server rooms by over 10 times and support power density exceeding 300kW per cabinet, marking a transition to megawatt-level power supply for global AI data centers [1] Group 1: Market Dynamics - The rapid growth of AI large models and high-performance computing clusters has led to an exponential increase in power consumption, with Gartner predicting that the global AI data center (AIDC) will add 500TWh of electricity annually by 2027, nearly doubling from 2024 [2] - Traditional 54V low-voltage architecture faces physical limits when cabinet power exceeds 200kW, making it inadequate for the energy demands of high-density computing clusters [2] - The 800V DC architecture led by NVIDIA is expected to drive a market for data center power system upgrades worth hundreds of billions in the next 3-5 years, with a penetration rate potentially exceeding 35% [2] Group 2: Technological Innovations - The 800V DC architecture offers two major innovations: direct connection of 13.8kV AC to 800V DC, improving end-to-end energy efficiency by 5%, and reducing copper cable usage by 45%, leading to a 40% reduction in space requirements [4] - Gallium Nitride (GaN) is identified as a key enabler for the 800V architecture, providing a power density of 92.4W/cm³ and allowing for a significant reduction in the physical footprint of power supply modules [2][5] Group 3: InnoSilicon's Competitive Edge - InnoSilicon's selection as a core partner by NVIDIA is attributed to its IDM (Integrated Device Manufacturer) advantages, including a high-yield 8-inch GaN-on-Si production line and a 40% cost reduction [6] - The company’s GaN devices achieve high-frequency efficiency of 98.5% and support a wide voltage range, enhancing overall conversion efficiency from the grid to GPUs [6] Group 4: Future Outlook - The partnership is expected to lead to explosive growth for InnoSilicon, as it provides a full-link GaN power solution for NVIDIA's Kyber rack system, with interest from major tech companies like Microsoft and Google [7] - The large-scale implementation of the 800V DC architecture is projected to reduce total energy consumption in data centers by 20%-30%, cutting carbon emissions by millions of tons annually and reducing space requirements by 40% [7]

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) 格隆汇8月1日｜英伟达官网今日更新800V直流电源架构合作商名录，英诺赛科是本次入选英伟达合作 伙伴中唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动800V直流(800 VDC)电 源架构在AI数据中心的规模化应用。此次合作将单机房算力密度将提升10倍以上，助力单机柜功率密 度突破300kW，推动全球AI数据中心正式迈入兆瓦级供电时代。 ...

Core Insights - InnoCare Technology (2577.HK) saw its stock price surge over 14% to HKD 50.25, reaching a new high since March [1] - The company has been listed as the only Chinese chip enterprise in NVIDIA's updated partner list for the 800V direct current power architecture, indicating a deep collaboration between the two [1] - This partnership aims to enhance the scalability of the 800VDC power architecture in AI data centers, significantly increasing computing density and power capacity [1] Company Summary - InnoCare Technology's stock performance reflects positive market sentiment following the announcement of its partnership with NVIDIA [1] - The collaboration is expected to boost the computing density in single server rooms by over 10 times and enable power density in single cabinets to exceed 300kW [1] - This development marks a significant step towards the global AI data center entering the megawatt-level power supply era [1]

消息面上，8月1日，英伟达官网更新800V直流电源架构合作商名录，英诺赛科是本次入选英伟达合作 伙伴中唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动800V直流（800VDC） 电源架构在AI数据中心的规模化应用。此次合作将单机房算力密度将提升10倍以上，助力单机柜功率 密度突破300kW，推动全球AI数据中心正式迈入兆瓦级供电时代。 智通财经APP获悉，英诺赛科(02577)午前飙升14%，截至发稿，涨14.2%，报50.25港元，成交额1.82亿 港元。 值得注意的是，英诺赛科近期宣布完成配售1358万股新H股，配售价为每股H股40.50港元，募资净额为 5.43亿港元。富瑞发布研报称，通过此次配股集资，英诺赛科将解决2027年预计约5,000万美元的资金缺 口问题，目前预测公司今年资本开支为5.7亿元人民币，至明年将增至14亿元人民币，相信英诺赛科将 于今年下半年打入中国电动车供应链，明年加快产能扩张有助支持相关业务拓展，确保供应稳定性，并 增强下游客户如电动车厂商采用氮化镓技术的信心，形成良性循环。 ...

英诺赛科(02577)午前飙升14%，截至发稿，涨14.2%，报50.25港元，成交额1.82亿港元。 消息面上，8月1日，英伟达官网更新800V直流电源架构合作商名录，英诺赛科是本次入选英伟达合作 伙伴中唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动800V直流(800VDC)电 源架构在AI数据中心的规模化应用。此次合作将单机房算力密度将提升10倍以上，助力单机柜功率密 度突破300kW，推动全球AI数据中心正式迈入兆瓦级供电时代。 值得注意的是，英诺赛科近期宣布完成配售1358万股新H股，配售价为每股H股40.50港元，募资净额为 5.43亿港元。富瑞发布研报称，通过此次配股集资，英诺赛科将解决2027年预计约5,000万美元的资金缺 口问题，目前预测公司今年资本开支为5.7亿元人民币，至明年将增至14亿元人民币，相信英诺赛科将 于今年下半年打入中国电动车供应链，明年加快产能扩张有助支持相关业务拓展，确保供应稳定性，并 增强下游客户如电动车厂商采用氮化镓技术的信心，形成良性循环。 ...

人民财讯8月1日电，8月1日，英伟达（NVIDIA）官网更新800V直流电源架构合作商名录，英诺赛科是 本次入选英伟达合作伙伴中唯一的中国芯片企业。这意味着双方正式达成深度合作，双方将携手推动 800V直流（800 VDC）电源架构在AI数据中心的规模化应用。此次合作将单机房算力密度将提升10倍 以上，助力单机柜功率密度突破300kW，推动全球AI数据中心正式迈入兆瓦级供电时代。 转自：证券时报 ...

来源：全国商报联合会 中国经济报导：截至 2025 年 7 月 29 日，沪市融资余额首次突破万亿元大关，达到 10008.36 亿元，创 2015 年 7 月以来新高；深市融资余额则以 9612.51 亿 元刷新历史纪录，超过今年 3 月创下的 9575.46 亿元峰值。 这一现象反映出 A 股市场杠杆资金活跃度显著提升，投资者风险偏好增强，同时也与近期市场行情、政策调整及行业热点密切相关。 市场背景与增长动力 行情持续回暖驱动资金入场 自 6 月 23 日以来，上证指数已连续 6 周上涨，深证成指站上 11200 点，市场赚钱效应吸引融资资金加速流入。 电子、电力设备、有色金属等板块成为融资客加仓重点。以电子行业为例，7 月以来融资净买入额累计达 87.03 亿元，融资余额突破 2200 亿元。 这一趋势与 AI 数据中心建设、光模块需求增长（预计 2024-2029 年全球市场规模 CAGR 达 22%）等产业逻辑密切相关。 资金结构与市场影响 杠杆水平仍处可控区间 截至 7 月 29 日，沪深北三市融资余额连续 7 个交易日增加，累计增幅达 803.05 亿元，单日融资净买入额多次突破百亿元。 政策调 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - China is to implement more proactive fiscal policies and moderately loose monetary policies, and promote the construction of a unified national market [4]. - The global financial market shows complex fluctuations, affected by factors such as geopolitical tensions, supply - demand changes, and policy adjustments [2][24][50]. - The U.S. government's tariff policies have a significant impact on the international trade and financial markets [7][15][32]. Summary by Related Catalogs Overnight Night - Market Trends - Domestic futures: Most domestic futures main contracts declined. Glass and coking coal dropped over 4%, soda ash fell over 3%, and asphalt rose nearly 1% [2]. - International precious metals: COMEX gold futures dropped 1.58% to $3327.9 per ounce, and COMEX silver futures fell 2.90% to $37.175 per ounce [2]. - Oil prices: Geopolitical tensions and supply tightening pushed up oil prices. U.S. crude oil main contract rose 1.57% to $70.30 per barrel, and Brent crude oil main contract rose 1.49% to $72.75 per barrel [2]. - London base metals: Most London base metals declined, including LME nickel, lead, and tin [2]. Important Information Macroeconomic Information - China's policy: The Politburo meeting emphasized risk prevention, policy implementation, and market reform. The Central Committee also held a symposium with non - Communist Party personages to promote economic development [4]. - Sino - U.S. economic and trade relations: The two sides held economic and trade talks in Stockholm, and China hopes for the U.S. to work together to maintain stable economic and trade relations [4]. - Market regulations: The Shanghai International Energy Exchange imposed regulatory measures on over - trading clients, and the Fed maintained interest rates with internal differences [5]. - Tariff policies: The U.S. imposed tariffs on Brazil, and the total tariff rate reached 50% [7]. Energy and Chemical Futures - Company operations: Hualu Hengsheng will conduct equipment maintenance, and the impact of Typhoon "Bamboo Grass" affected the shipping and wood processing industries in Jiangsu [10]. - Inventory changes: The refined oil inventory in the UAE's Fujairah Port decreased, while China's methanol port inventory increased. The U.S. commercial crude oil and strategic petroleum reserve inventories also changed [10][11]. Metal Futures - Production changes: A large recycled lead smelter in North China resumed production, and a primary lead smelter in Northeast China planned equipment maintenance [14]. - Market data: New energy vehicle retail sales in July showed certain changes, and the Guangzhou Futures Exchange adjusted trading limits for some metal futures contracts [14]. - Tariff policies: The U.S. imposed a 50% tariff on imported semi - finished copper products [15]. Black - Series Futures - Policy emphasis: The Politburo meeting emphasized safety production and energy supply [18]. - Price adjustments: The coking industry planned to raise coke prices, and relevant associations called for anti - "involution" competition [18]. - Company operations: Gansu Energy's coal mine resumed production, and relevant industrial alliances called for balancing industry interests [19]. Agricultural Product Futures - Policy guidance: The Politburo meeting emphasized stabilizing agricultural product prices [22]. - Production forecasts: Brazil's grain production is expected to increase, while India's sugar production decreased [22]. Financial Market Finance - Stock market performance: A - shares closed with mixed results, and the Hong Kong stock market declined. Some private equity products were restricted, and A - share margin trading balance reached a new high [24][26]. - Corporate news: Hon Hai and Dongyuan Electric established a strategic alliance, and New Oriental's financial report showed revenue growth but profit decline [26][27]. Industry - Interest rate data: The weighted average interest rate of new commercial personal housing loans in Q2 2025 was 3.09% [28]. - Trade policies: Lithium - ion battery raw materials and recycled steel raw materials can be freely imported [29]. - Industry meetings: The coking industry planned to raise prices, and relevant associations discussed capacity control and market regulation [29][31]. - Real estate market: The land market in July had a seasonal decline, but the average premium rate reached a new high [31]. Overseas - Tariff policies: The U.S. imposed tariffs on multiple countries' products, and reached a trade agreement with South Korea [32][33]. - Economic data: The U.S., eurozone, Australia, and other economies released relevant economic data, and the Canadian central bank maintained interest rates [35][37][39]. International Stock Markets - U.S. stock market: The three major U.S. stock indexes closed with mixed results, and the market's expectation of a September interest rate cut decreased [41]. - European stock market: European main stock indexes rose slightly [41]. - Corporate news: Some well - known companies such as META, Microsoft, and Qualcomm released financial reports, and some companies had major events such as acquisitions [43][45]. Commodities - Futures trading: The Guangzhou Futures Exchange adjusted trading limits for some metal futures contracts [48]. - Commodity prices: Precious metals, base metals, and oil prices showed different trends [50]. Bonds - Domestic bonds: Yields of domestic inter - bank major interest - rate bonds generally declined, and relevant departments regulated the bond market [51]. - U.S. bonds: The U.S. Treasury announced a refinancing plan, and U.S. bond yields rose [51][53]. Foreign Exchange - Exchange rates: The on - shore and offshore RMB against the U.S. dollar declined, and the U.S. dollar index rose [54]. Upcoming Events and Data Releases - Economic data: Multiple countries will release economic data such as PMI and retail sales [56]. - Meetings and events: There will be central bank meetings, press conferences, and important industry conferences [58]. - Earnings reports: Apple and Amazon will release earnings reports [58].