□ 本报记者 贲 腾 "算力很吃紧了。"江苏纺知云科技有限公司总经理陈旭最近遭遇"喜人的烦恼"，随着公司自主研发 的"纺知云"平台注册家纺企业用户数突破700家，其系统算力也达极限。 AI当车间主任：全产业链刮起"数智风暴" 在南通家纺市场，一个有趣的现象近来愈发明显，家纺公司经营者们或出席公开活动、或参加私下聚 会，聊得最多的不是家纺，而是"算力"，不少人甚至患上"算力焦虑"。这是为何？因为AI画稿、AI驾 驶、AI直播等大量消耗的，就是算力。 当人工智能等新技术、新场景、新业态深度融入家纺产业，"老传统"在"新势力"的冲击下加速瓦解、重 构、迭代，市场上新气象、新机遇、新挑战不断涌现。 AI握画笔：设计师的"护城河"没了 "结合小兔子玩偶图片，做出蜡笔画效果图案，散版排列，点缀小太阳简笔画，背景为米色。"位于通州 区川姜镇的南通家纺城，OUMO家纺设计师朱梦卿打开AI设计软件，上传手机拍摄的实物照片，输入 效果和风格文字描述，仅三四秒就生成了画稿。又经手动打磨细节表现，全程不到半小时，一款家纺产 品花型设计稿就完成了。 比效率、拼速度是家纺市场的生存法则。平均每年生产家纺床品12亿件，每月线上成交额25亿 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - Gold: After the JH meeting, Fed Chair Powell signaled dovishness. The trend strength of gold is 1, indicating a neutral outlook [1][5]. - Silver: Silver is approaching its previous high. The trend strength of silver is 1, also indicating a neutral outlook [2][5]. 3. Summary by Relevant Catalogs 3.1 Fundamental Tracking - **Prices**: Comex gold 2510 rose 1.00% to 3417.20, and London gold spot rose 0.95% to 3369.82. Comex silver 2510 increased 2.07% to 39.390, and London silver spot rose 1.85% to 38.801 [2]. - **Trading Volume and Open Interest**: For example, the trading volume of Comex gold 2510 increased by 59,697 to 179,273, and its open interest decreased by 2,083 to 323,440 [2]. - **ETF Holdings**: The SPDR gold ETF held 956.77, with no change from the previous day. The SLV silver ETF (as of the day before yesterday) held 15,288.82, an increase of 11 [2]. - **Inventory**: Comex gold inventory (as of the day before yesterday) increased by 9,952 to 38,573,764 (in troy ounces), while Comex silver inventory (as of the day before yesterday) remained unchanged at 508,499,193 (in troy ounces) [2]. - **Spreads**: The spread between gold T+D and London gold increased by 386.39 to 387.75. The spread between silver T+D and London silver increased by 5,051 to 4,262 [2]. - **Exchange Rates**: The US dollar against the offshore RMB (CNH spot) rose 0.13% to 7.19 [2]. 3.2 Macro and Industry News - Fed Chair Powell signaled dovishness, emphasizing employment risks and opening the door for rate cuts [2]. - China's State Council heard reports on large - scale equipment upgrades and consumer goods trade - in policies and studied releasing sports consumption potential [6]. - The Ministry of Industry and Information Technology will guide the construction of computing power facilities and accelerate the breakthrough of key core technologies such as GPU chips. China's intelligent computing power scale will grow by over 40% this year [6]. - A draft rule on internet platform pricing aims to prevent disorderly competition [6]. - The Hang Seng Index will include Pop Mart, JD Logistics, and China Telecom [6]. - NVIDIA will announce "black technology" for humanoid robots on Monday, launch Spectrum - XGS Ethernet, and Huang Renxun wants to sell new special - purpose chips to China [5].

Group 1 - The State Council approved the overall plan for the "Three North" project, which aims to enhance ecological restoration and sustainable development in northern China [1] - The China Securities Regulatory Commission revised the classification and regulatory rules for securities companies, effective from August 22 [1] - The Ministry of Industry and Information Technology emphasized the need for orderly guidance of intelligent computing infrastructure to achieve a dynamic balance [1] Group 2 - The China Photovoltaic Industry Association called for a halt to malicious competition by resisting prices below cost, shifting from homogeneous low-efficiency competition to high-quality competition [1] - The People's Bank of China will conduct a 600 billion yuan MLF operation on August 25, with a one-year term [1] - The Shanghai Composite Index reached a ten-year high, with the "market value/GDP" indicator remaining at historical averages [1] Group 3 - The intelligent computing scale in China is expected to grow by over 40% this year [1] - The construction of integrated computing networks is accelerating, with seven city computing centers connecting to the national supercomputing internet [1] - Several ride-hailing platforms announced a reduction in commission rates, with a cap of 27% on order commissions [1] Group 4 - The electronic sector's A-share market capitalization has surpassed that of the banking sector [1] - The gold industry chain saw significant growth in the first half of the year for several listed companies [1] - Apple is reportedly exploring the use of Google's Gemini to enhance the new version of Siri [1] Group 5 - The A-share market has shown a strong upward trend, with the Shanghai Composite Index surpassing 3,800 points, raising questions about potential technical corrections [2] - Historical patterns indicate that significant adjustments in a strong upward market are often triggered by factors such as overheating sentiment, policy tightening, or external shocks [2] - Despite potential short-term fluctuations, the underlying trend remains a slow bull market, with adjustments viewed as normal fluctuations [2] Group 6 - Investment strategies should focus on two core areas: technology growth sectors supported by policy benefits and industry trends, including semiconductors, computing, AI applications, and robotics [3] - The second focus should be on industries like photovoltaics, chemicals, and electrical machinery, where leading companies are expected to achieve stable growth amid industry differentiation [3] Group 7 - Key stocks for the week included Kosen Technology in the consumer electronics sector, which specializes in precision metal and plastic components for various applications [4][6] - In the rural revitalization sector, Garden Co. is involved in a full industry chain business, including landscape engineering, planning design, and ecological projects [7][9] Group 8 - Upcoming IPOs include Huaxin Precision with an issue price of 18.6 yuan, focusing on precision stamping products, and Sanxie Electric with an issue price of 8.83 yuan, specializing in control motors [4]

Market Overview - The market experienced a high opening followed by a pullback, with the ChiNext Index leading the gains. The total trading volume in the Shanghai and Shenzhen markets reached 2.08 trillion yuan, an increase of 567.8 billion yuan compared to the previous trading day. Over 2,800 stocks rose, with the Shanghai Composite Index up 0.86%, the Shenzhen Component Index up 1.61%, and the ChiNext Index up 2.22% [1]. Sector Performance - The computing power sector remained strong, with stocks like Changfei Fiber and others hitting the daily limit. The rare earth and non-ferrous metal sectors also showed strength, with Northern Copper and others reaching the daily limit. Real estate stocks rebounded, with Vanke A hitting the daily limit [1][5]. - Rare earth permanent magnet stocks led the gains, with Baogang Co., China Steel Tianyuan, and Hunan Silver all hitting the daily limit. Jinli Permanent Magnet and Dadi Bear saw increases of over 10% [2][3]. Policy Impact - The recently released "Interim Measures for Total Control Management of Rare Earth Mining and Smelting Separation" indicates that the state will implement total control management over rare earth mining and smelting separation, which may lead to a tightening of raw material supply and further highlight the strategic value of rare earths [2][3]. Computing Power Sector - The computing power and chip sectors continued to perform well, with stocks like Feiling Kesi, Kede Education, and others hitting the daily limit. The China Computing Power Conference 2025 highlighted that the construction of computing power platforms is accelerating, with expectations for a growth of over 40% in intelligent computing power scale by 2025 [3][4]. Real Estate Sector - Real estate stocks showed a rebound, with Vanke A, Wantong Development, and Rongsheng Development hitting the daily limit. The People's Bank of China indicated in its second-quarter monetary policy report that it aims to stabilize the real estate market and improve financial systems related to real estate [5][7]. White Wine Sector - The white wine sector became active again, with Shede Liquor hitting the daily limit and other brands like Shui Jing Fang and Jiu Gui Jiu showing significant gains. Analysts believe that despite macroeconomic challenges, the trend of consumer upgrading remains unchanged, and demand for high-quality white wine is expected to increase, especially with the upcoming Mid-Autumn Festival [8][9]. Summary - Overall, despite a pullback, the market indices continued to rise, with significant activity in the rare earth, computing power, real estate, and white wine sectors. The trading volume was notably high, indicating strong market interest [10].

Group 1: Market Overview - The non-ferrous metal sector showed strong performance, particularly the rare earth permanent magnet segment, with leading stocks Baogang Co. and Northern Rare Earth reaching their daily limit and increasing by 8.45% respectively [1][3] - The overall market saw significant gains, with the Shanghai Composite Index rising by 0.86%, the Shenzhen Component Index by 1.61%, and the ChiNext Index by 2.22% [1] Group 2: Non-Ferrous Metals Sector - The rise in the non-ferrous metals sector is attributed to two main factors: increased expectations for a Federal Reserve rate cut and supportive domestic policies aimed at boosting demand [5] - The recent implementation of a management measure for rare earth mining and separation is expected to sustain upward pressure on rare earth prices, especially with strong demand from the electric vehicle sector [5] Group 3: Computing Power Sector - The computing power sector also experienced significant gains, with leading stocks such as Cambrian, Haiguang Information, and Zhongji Xuchuang showing notable increases [1][5] - NVIDIA's recent launch of the Spectrum-XGS Ethernet is anticipated to enhance AI computing capabilities, potentially transforming distributed data centers into a billion-watt AI super factory [7]

Core Insights - The 2025 China Computing Power Conference was held in Datong, Shanxi, showcasing ten innovative technologies that lead the global computing power industry, including the Shanxi Qineng Integrated Platform for Computing and Electricity [1][3] - The selected achievements demonstrate a leap from following to leading in the computing power industry, highlighting breakthroughs in core technologies and ecological innovation [3][4] Group 1: Key Technologies - The Shanxi Qineng Integrated Platform optimizes the dual-direction scheduling of computing and electricity resources, reducing electricity costs by 5%, carbon emission intensity by 25%, and improving computing efficiency by 30% [3][7] - China Mobile's "Jiuzhou" computing power optical network supports a backbone network with a computing capacity of 10 EFLOPS, expected to drive GDP growth by over 12.6 billion [4] - The FusionOne AI solution has served over 500 projects, achieving rapid deployment of AI applications [4][8] Group 2: Economic Impact - The Shanxi Qineng platform has saved 10 million yuan in electricity costs annually and reduced carbon emissions by 100,000 tons, contributing to a market worth tens of billions in computing and electricity collaboration services [3][4] - The conference highlighted Shanxi's innovative strength in the synergy of computing and energy, promoting a unique development path for the region [4] Group 3: Future Prospects - The promotion of these technologies is expected to further advance the green and intelligent upgrade of China's computing infrastructure, contributing to a new global digital civilization [4][11] - The integration of computing power and energy is seen as a key area for future growth, with significant implications for the digital economy and low-carbon transformation [3][4]

Core Viewpoint - Hengrun Co., Ltd. reported a significant improvement in its performance for the first half of 2025, driven by the recovery in the wind power industry and the continuous growth of its computing power business, showcasing the effectiveness of its "wind power + computing power" dual-drive strategy [1] Group 1: Wind Power Business Performance - The global wind power industry continued to show resilience, with strong demand for high-specification components, leading to a robust recovery in Hengrun's wind power segment [2] - The company's wind power orders and sales gross profit increased simultaneously, with its subsidiaries achieving higher capacity utilization, effectively reducing unit production costs [2] - Hengrun's high-value products, such as large megawatt flanges and main shaft bearings, have begun mass production, contributing to improved profitability [2] - Hengrun is one of the few companies capable of manufacturing offshore wind turbine flanges of 12MW and above, solidifying its competitive advantage in high-end wind power components [2] - The company plans to invest 1.2 billion yuan in a new project to produce wind power gearbox components, enhancing its core product matrix and supporting long-term development [3] - The global wind energy council predicts that the global wind power installed capacity will reach 138GW in 2025, with an annual growth rate of 8.8% from 2025 to 2030, indicating a growing demand for high-precision wind power components [3] Group 2: Computing Power Business Development - Hengrun's computing power business has emerged as a second growth curve, with its subsidiary Shanghai Runliuchu Technology Co., Ltd. showing improved performance and contributing significantly to profits [4] - Shanghai Runliuchu focuses on the intelligent computing industry, including the sale of new intelligent computing servers and the construction and operation of computing centers, with rapid business growth [4] - The demand for computing power is increasing exponentially due to the deepening of China's digital economy strategy and the implementation of initiatives like "East Data West Computing" [4][5] - The company aims to accelerate its response to national policies supporting the digital economy and deepen strategic cooperation with major computing server manufacturers [5] Group 3: Future Outlook - With the acceleration of global energy transition and the deepening of the digital economy, Hengrun's two business segments are expected to form a synergistic growth pattern, driving sustainable and healthy growth in overall performance [6]

Market Overview - The market experienced a morning surge followed by a pullback, with the ChiNext Index leading the gains [1][2] - The total trading volume in the Shanghai and Shenzhen markets reached 2.08 trillion yuan, an increase of 567.8 billion yuan compared to the previous trading day [1][2] - Over 2,800 stocks in the market saw an increase, indicating a broad-based rally [1][2] Sector Performance - Computing power stocks remained strong, with companies like Changfei Fiber achieving a limit-up [1][2] - Cyclical stocks, including rare earth and non-ferrous metals, showed a strong rebound, with Northern Copper also hitting the limit-up [1][2] - Real estate stocks rebounded, with Vanke A reaching the limit-up [1][2] - The sectors with the highest gains included rare earth permanent magnets, liquor, CPO, and non-ferrous metals, while sectors like beauty care, football concepts, gas, and engineering machinery saw declines [1][2] Index Performance - The Shanghai Composite Index rose by 0.86% [1][2] - The Shenzhen Component Index increased by 1.61% [1][2] - The ChiNext Index saw a rise of 2.22% [1][2]

Core Viewpoint - The A-share market shows strong performance with significant increases in major indices and trading volume, indicating positive investor sentiment and sectoral growth opportunities [3][4][10]. Market Performance - The Shanghai Composite Index rose by 0.86%, the Shenzhen Component increased by 1.61%, and the ChiNext Index surged by 2.22% [3][10]. - The total trading volume in the Shanghai and Shenzhen markets reached 2.08 trillion yuan, an increase of over 500 billion yuan compared to the previous trading day [4]. Sector Performance - Over 2800 stocks in the market experienced gains, with notable increases in sectors such as rare earth permanent magnets, liquor, precious metals, CPO, and real estate [5][10]. - The rare earth permanent magnet sector saw significant gains, with stocks like Northern Rare Earth and Jinchuan Group hitting their daily limits [16]. - The liquor sector also performed well, with stocks like Shede Liquor and Shui Jing Fang reaching their daily limits [11][19]. Individual Stock Highlights - Hunan Silver and several gold mining companies, including Zhongjin Gold and Shandong Gold, saw their stock prices rise significantly, with Hunan Silver hitting the daily limit [7]. - The real estate sector showed strong performance, with Vanke A and Wan Tong Development reaching their daily limits, and other companies like China Resources Land and Greenland Holdings also posting substantial gains [19]. Trading Trends - The A-share market has seen trading volumes exceed 2 trillion yuan for nine consecutive trading days, reflecting robust market activity [6]. - The Hong Kong Hang Seng Index rose by 2%, with technology stocks like Alibaba and Baidu gaining over 5% [15].

下载财联社APP获取更多资讯 今日A股早盘冲高回落，创业板指领涨。 沪深两市半日成交额2.08万亿，较上个交易日放量5678亿。 盘面上热点快速轮动，个股涨多跌少，全市场 超2800只个股上涨。 从板块来看，算力股维持强势，长飞光纤等多股涨停。 稀土、有色等周期股震荡走强，北方铜业等涨停。 地产股展开反弹，万科A涨停。 板块方面，稀土永磁、白酒、CPO、有色金属等板块涨幅居前，美容护理、足球概念、燃气、工程机械等板块跌幅居前。 截至午间收盘，沪指涨0.86%，深成指涨1.61%，创业板指涨2.22%。 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 ...