5月29日，万国数据(GDS)开盘上涨2.38%，截至21:30，报25.36美元/股，成交425.3万美元，总市值 49.30亿美元。 资料显示，万国数据控股有限公司(纳斯达克股票代码:GDS;港交所股票代码:9698)是中国及东南亚地区 领先的高性能数据中心运营商和服务商。公司的数据中心分布于对高性能数据中心需求广泛的中国核心 经济枢纽地区。为了满足客户更广泛的需求,公司还根据客户的选择在非一线城市地区建设和运营数据 中心。公司的数据中心规模大,电力供应充沛、密度高且高效,所有关键系统均具备多重冗余。公司中立 于运营商及云服务提供商,客户可自由选择与主要电信运营商连接,以及接入托管于公司数据中心的多家 云服务提供商。万国数据可为客户提供托管和管理服务,包括与领先的公有云进行直接私有连接、独特 创新的混合云管理服务平台,以及在需要时转售公有云服务。公司拥有23年安全可靠的数据中心托管及 管理服务经验,成功满足国内大型客户对于外包数据中心服务的高标准要求,目前所服务的客户主要包括 超大规模云服务供应商、大型互联网公司、金融机构、电信与IT服务提供商,以及国内大型企业和跨国 公司。 本文源自：金融界 作者：行情 ...

Core Insights - Both Century Internet and GDS Services reported significant growth in their Q1 2025 financial results, driven by the increasing demand for computing power due to AIGC [2][3][4] - Despite the growth, challenges remain in the commercialization transformation of IDC service providers in China [2][8] Century Internet Financial Performance - Century Internet's total revenue for Q1 2025 increased by 18.3% year-on-year, reaching 2.25 billion RMB; adjusted EBITDA grew by 26.4% to 682 million RMB, with an EBITDA margin improvement of 1.9 percentage points to 30.4% [3][4] - The operational capacity of base IDC increased by 18.1% quarter-on-quarter, adding approximately 88 MW to reach 573 MW, while the rack capacity grew by 23.9% to 437 MW, marking a historical high of 84 MW in new rack capacity [3][6] - The monthly recurring revenue per cabinet in urban IDC facilities rose to 8,898 RMB, with a slight increase in the rack utilization rate to 63.7% [3][6] GDS Services Financial Performance - GDS Services reported a net income of 2.7232 billion RMB (375.3 million USD) for Q1 2025, reflecting a year-on-year growth of 12.0%; adjusted EBITDA reached 1.3238 billion RMB (182.4 million USD), up by 16.1%, with an EBITDA margin of 48.6% [4] - The total usage area of GDS data centers grew by 14.6% year-on-year, with an additional 18,687 square meters, bringing the total usage area to 462,423 square meters and a utilization rate of 75.7% [4] Strategic Focus and Differentiation - Century Internet is focusing on domestic base IDC business, while GDS Services is expanding its international presence through its newly established entity, DayOne, which aims to leverage its domestic experience to enter Southeast Asia and Japan [6][7] - DayOne has made significant progress, securing new data center contracts in Thailand and Finland, with a total expected capacity exceeding 220 MW, aiming for a total pre-signed capacity of over 750 MW by the end of 2025 [7] Commercialization Challenges - The IDC service industry in China is facing challenges in its traditional business model, with increasing price sensitivity among users leading to declining cabinet prices [8] - Both Century Internet and GDS Services are exploring new business models, including the establishment of a Pre-REITs fund by Century Internet and the issuance of asset-backed securities by GDS Services [8][9] - The potential for REITs in the data center sector remains uncertain, with experts expressing skepticism about the ability to generate attractive returns for investors in the domestic market [10][11]

Global Economic Outlook - Citigroup economists predict that global economic growth will slow from 2.8% in 2024 to 2.3% in 2025 due to the impact of tariffs, with the full effects expected to manifest in the second half of this year [1] - Goldman Sachs forecasts that inflation caused by tariffs will likely not persist for long, as the U.S. economy is entering a weaker state compared to the inflationary periods of 2021 and 2022 [1] - John Hardy from Saxo Bank warns that the U.S. Treasury should monitor risks in the Japanese government bond market, as Japan's debt situation is becoming more severe [1] Japanese Yen and Bond Market - Mitsubishi UFJ analysts suggest that the depreciation of the yen may still have room to continue, despite recent declines in long-term Japanese government bond yields [2] - Analysts from Bank of America indicate that the Bank of Japan is unlikely to address the supply-demand imbalance in the long-term bond market, continuing to reduce bond purchases until March 2026 [3] - State Street Global Advisors describes the challenges in the Japanese bond market as "technical" rather than "structural," suggesting that these issues can be resolved through adjustments in issuance [4] Chinese Aviation and Energy Sector - China International Capital Corporation (CICC) reports that the significant drop in oil prices this year is expected to improve the cost structure for airlines, with a solid foundation for the aviation cycle to start [5] - CICC also highlights opportunities in the diesel generator sets and large-bore engines used in data centers, driven by high demand for AI infrastructure [6] Consumer Goods and Pet Industry - Huatai Securities emphasizes the potential for recovery in the consumer sector, particularly in the food and beverage industry, as consumption trends improve [7] - Huaxi Securities projects that China's pet industry could reach a market size of 478.7 billion yuan by 2030, with a compound annual growth rate (CAGR) of 6.9% from 2024 to 2030 [8] Investment Strategies in Materials and Energy - CITIC Securities outlines three investment themes in the materials sector, focusing on policy-driven themes, high certainty growth from industry prosperity, and innovation in products and technologies [9] - The same report suggests that the second half of 2025 will see a complex price trend in commodities due to U.S. tariff policies, recommending a focus on "hedging" and "supply disruptions" [10] Economic Projections - CITIC Securities anticipates a potential bull market for Chinese equity assets starting in the fourth quarter of 2025, driven by synchronized economic and policy cycles across major economies [11] - The firm also predicts that the economic landscape will exhibit characteristics of strong production, recovering investment, stable consumption, and resilient exports [12]

1 浙江兆龙互连科技股份有限公司 投资者关系活动记录表 编号：2025-003 证券代码：300913 证券简称：兆龙互连 | |  特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | 现场参观□其他 | | 参会人员 | 华泰证券：唐攀尧 | | | 兴证全球基金：张荣朗沐 | | 时间 | 2025 年 5 月 28 日 15:00-16:30 | | 地点 | 现场会议 | | 上市公司接待人 | 副总经理兼董事会秘书姚云萍女士、证券事务代表沈圆月女士 | | 员姓名 | 首先参观公司展厅，然后回答了提问，具体内容如下： | | | 1、公司高速产品目前的产能情况如何？ 答：紧密围绕行业发展、客户需求等情况，持续采购新设备、 扩充团队。随着新采购的高速产品设备陆续完成交付，产能正在 | | 投资者关系活动 | 快速提升，以确保生产设备在满足当前生产需求的同时还能灵活 应对未来市场的潜在变化。 | | | 2、公司高速产品主要客户是哪些？高速产品客户订单情况 | | 主要内容介绍 | 如何 ...

英伟达CFO：Blackwell贡献了近70%的数据中心计算收入。 ...

现在，对于汽车来说，800V架构几乎已经成了标配。更有甚者，将高压母线提高到了1000V这一等级。 之所以提高电压，是因为汽车需要更快的充电速度，同时在相同功率下，800V架构的电流相比400V架构减半。根据焦耳定律 Q=I^2Rt，电流越小，热损 耗就越小，从800V到400V热损耗能降低至原来的四分之一。所以，800V不仅更省电，还能使温度更好控制，提升了能量利用效率。 在AI数据中心领域，传统机架多为48V/54V。随着IT机架电力需求突破200kW并向MW级规模演进，空间约束与母线（busbar）可扩展性问题，使得 48V/54V供电模式的局限性日益凸显。为突破这些瓶颈，行业正加速探索高压直流（HVDC）架构。 最近，巨头们就纷纷宣布自己的计划：谷歌、微软、亚马逊、Meta等巨头开始借鉴最初为EV开发的技术，更保守地推动数据中心向+/-400VDC演进。英 伟达则更为激进，联合一众电源大厂，共同开发推进另一条对器件应力要求更高的AI电源架构路线——800V HVDC（高压直流电）架构，并准备在2027 年与NVIDIA Kyber机架系统同步量产。 可以说，在AI数据中心，也要掀起800V的革命了。 ...

证券代码：002316 证券简称：ST 亚联 吉林亚联发展科技股份有限公司 投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | --- | --- | | 投资者关系 活动类别 | | | | □新闻发布会 □路演活动 | | | □现场参观 | | | ☑其他（2025 年吉林辖区上市公司投资者网上集体接待日） | | 活动参与人员 | 参与 2025 年吉林辖区上市公司投资者网上集体接待日活动的投资 | | | 者。 | | 时 间 | 2025 年 05 月 27 日（周二）下午 15:00-16:30。 | | 地 点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开本次活动。 | | 上市公司接待 | 公司董事长、总经理、财务总监（代）王永彬先生，独立董事吕功 | | 人员姓名 | 华先生，董事会秘书王思邈女士。 | | 交流内容及具 | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、公司对生物纤维素有新 ...

证券代码：603318 证券简称：水发燃气 公告编号：2025-023 水发派思燃气股份有限公司 关于 2024 年度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性 和完整性承担个别及连带责任。 水发派思燃气股份有限公司（以下简称公司）于 2025 年 5 月 27 日 15:00-16:00 在 上 海 证 券 报 · 中 国 证 券 网 （https://roadshow.cnstock.com/）以视频录播+网络在线互动方式 召开水发派思燃气股份有限公司 2024 年度业绩说明会。关于本 次说明会的召开事项，公司已于 2025 年 5 月 20 日在上海证券交 易所网站（www.sse.com.cn）披露了《水发派思燃气股份有限公 司关于召开 2024 年度业绩说明会的公告》 （一）请问董事长，公司在市值管理方面有哪些具体举措？ 答复：公司高度重视市值管理工作。2024 年积极开展落实 "提质增效重回报"行动。一是秉持"开放透明、双向互动"的 投资者关系管理理念，通过构建多元化沟通矩阵，持续深化与资 本市场的有效连接 ...

Core Insights - The UAE Minister of Energy highlighted a significant increase in electricity demand from data centers, indicating a robust growth trend in this sector [1] Industry Summary - The energy demand from data centers is experiencing strong growth, reflecting the increasing reliance on digital infrastructure and cloud services [1]

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容编译自ieee 。 在全光AI数据中心的竞争中，一家巨头如今押注了另一匹马。半导体制造巨头台积电宣布，将与 桑尼维尔初创公司Avicena合作，生产基于MicroLED的互连产品。该技术是一种务实的尝试，旨 在用光学连接取代电连接，以低成本、节能的方式满足日益增多的GPU之间通信的迫切需求。 由于大型语言模型及其同类模型的计算需求，人工智能集群在数据量、带宽、延迟和速度方面面临 着前所未有的要求。迟早，单个人工智能数据中心机架内连接处理器和内存的铜线必须被光纤取 代。"目前，人们迫切希望将光纤连接尽可能地靠近电路板，"台积电副总裁蔡崇信表示。 Avicena 提供了一种独特的方法，使用数百个通过成像型光纤连接的蓝色MicroLED来传输数据。 该公司的模块化LightBundle 平台避免了激光器及其相关的复杂性问题，这些问题会威胁其他光学 芯片的可靠性、成本和功耗。Tsai 说："这非常另类！"但它非常适合这些短距离应用，而这正是 它引人注目之处。 一条简单的光纤链路，每通道仅需 300 个像素，以 10Gb/s 的速率传输，即可延伸超过 10 米的距 离 ...