一年之计在于春。1月底至2月初，各省（区、市）密集进入"两会时间"。会场内外，"科技创新"成 为高频议题。 从传统产业的淬炼升级，到新兴产业的聚链成势，再到区域创新生态的系统优化，2025年乃至整 个"十四五"以来，各地前沿技术不断涌现，科技与产业深度融合取得新成效，驱动发展动能深刻变革， 映照出一个锐意进取、充满创造活力的新时代中国。 淬火—— 传统产业"原地升维" 传统产业不等于落后产能。现代化产业体系，不止于"去旧迎新"，更以科技淬火，让传统产业"原 地升维"——在原有基础上嫁接新质基因，让老根基长出新动能。 传统产业是山东经济的压舱石。山东省省长周乃翔作政府工作报告时亮出成绩单："十四五"时期， 现代化产业体系实现新跃升，19条标志性产业链立起先进制造业强省四梁八柱，制造业总体规模和综合 实力稳居全国第一梯队。 威海光威复合材料股份有限公司的发展颇具代表性。2025年12月，这家国内最早研发碳纤维的民营 企业，成功获评"国家级制造业单项冠军"。山东省政协委员、公司董事长卢钊钧介绍，企业已实现从 T300到T1100、M40J到M65J等全系列碳纤维的国产化替代，产品为诸多"大国重器"提供了关键材料支 ...

◎本报记者 一年之计在于春。1月底至2月初，各省（区、市）密集进入"两会时间"。会场内外，"科技创新"成为高 频议题。 原标题：三个关键词解码动能转换新逻辑——二〇二六年地方两会观察（上） 【科技新观察】 从传统产业的淬炼升级，到新兴产业的聚链成势，再到区域创新生态的系统优化，2025年乃至整个"十 四五"以来，各地前沿技术不断涌现，科技与产业深度融合取得新成效，驱动发展动能深刻变革，映照 出一个锐意进取、充满创造活力的新时代中国。 淬火—— 传统产业"原地升维" 传统产业不等于落后产能。现代化产业体系，不止于"去旧迎新"，更以科技淬火，让传统产业"原地升 维"——在原有基础上嫁接新质基因，让老根基长出新动能。 传统产业是山东经济的压舱石。山东省省长周乃翔作政府工作报告时亮出成绩单："十四五"时期，现代 化产业体系实现新跃升，19条标志性产业链立起先进制造业强省四梁八柱，制造业总体规模和综合实力 稳居全国第一梯队。 威海光威复合材料股份有限公司的发展颇具代表性。2025年12月，这家国内最早研发碳纤维的民营企 业，成功获评"国家级制造业单项冠军"。山东省政协委员、公司董事长卢钊钧介绍，企业已实现从T300 到 ...

Core Viewpoint - Dongyangguang (600673) is planning to acquire control of Yichang Dongshu No. 1 Investment Co., Ltd. through a share issuance, which is expected to constitute a major asset restructuring and related party transaction without changing the actual controller of the company [1] Group 1: Transaction Details - The transaction is currently in the planning stage, and the company is actively negotiating with potential transaction parties [6] - A preliminary acquisition intention agreement has been signed with the initially determined transaction party, with specific transaction methods, pricing, and arrangements to be negotiated later [6] - The stock of Dongyangguang has been suspended from trading since February 24, 2026, and is expected to remain suspended for no more than 10 trading days [1] Group 2: Financial Performance - As of the last trading day before suspension (February 13), Dongyangguang's stock price was 37.8 yuan per share, with a market capitalization of 113.8 billion yuan [5] - In the first three quarters of 2025, Dongyangguang reported revenue of 10.97 billion yuan, a year-on-year increase of 23.56%, and a net profit attributable to shareholders of 906 million yuan, a year-on-year increase of 189.80% [6] Group 3: Business Overview - Dongyangguang's main business segments include electronic components, high-end aluminum foil, new chemical materials, energy materials, liquid cooling technology, and embodied intelligence [6] - Yichang Dongshu No. 1 was established to acquire Qinhuai Data, which operates a leading neutral third-party ultra-large-scale computing power infrastructure solution [7] - Qinhuai Data focuses on planning, investing, designing, constructing, and operating ultra-large-scale computing power infrastructure, particularly in the context of AI technology and the "East Data West Computing" initiative [7]

公告显示，本次交易预计构成重大资产重组且构成关联交易，本次交易不会导致公司实际控制人发生变 更。东数一号系为收购秦淮数据而设立的主体，秦淮数据经营主体主要包括梧桐数基科技有限公司、河 北思达歌数据科技有限公司、大同秦数信息技术有限公司、思达歌（上海）数据有限公司、南通思达歌 数据科技有限公司、张家口思达柯数据有限公司、上海福来科斯数据科技有限公司、河北秦数信息科技 有限公司等。东数一号通过全资孙公司宜昌东数三号投资有限责任公司控制秦淮数据经营主体的100% 股权。 东阳光表示，本次交易事项尚处于筹划阶段，公司目前正与交易意向方积极接洽，最终交易对方以重组 预案或重组报告书披露的信息为准。 北京商报讯（记者 马换换 李佳雪）2月24日，东阳光（600673）披露公告称，公司正在筹划通过发行股 份的方式收购宜昌东数一号投资有限责任公司（以下简称"东数一号"）控制权，并募集配套资金。公司 股票已于2月24日起停牌，并将于2月25日开市起继续停牌，预计停牌（累计）时间不超过10个交易日。 ...

Investment Rating - The report indicates a strong investment potential in the AIDC retail market, particularly in Beijing, due to its strategic value and resilience compared to wholesale models [4][5]. Core Insights - The AIDC retail market in Beijing is positioned for significant growth, with projections estimating the market size to reach 135.6 billion yuan by 2025 and 288.6 billion yuan by 2028, driven by demand, technology, and policy [9][10]. - The retail model is more profitable than the wholesale model, as it focuses on high-value vertical industries, allowing for better pricing power and risk resilience [14][15]. - The report emphasizes the importance of selecting the right business model, highlighting that retail services can adapt better to fragmented and low-latency application scenarios [15]. Summary by Sections Section 1: The Rise and Core Value of AIDC Retail Services in Beijing - The AIDC retail market is gaining traction amid a global AI boom, characterized by high investment certainty and commercial scarcity [8]. - The demand for computing power is experiencing explosive growth, with a projected market size of 135.6 billion yuan by 2025, driven by the penetration of AI across various sectors [9][10][13]. Section 2: Market Competition Analysis - The AIDC retail market in Beijing presents a complex competitive landscape, requiring firms to balance resource scarcity with diverse customer needs [21]. - A quantitative evaluation model is developed to assess vendors based on growth dynamics and operational capabilities, focusing on revenue growth and resource density [22][23]. Growth Dynamics - Business growth momentum is evaluated through revenue and net profit growth rates, with firms like Qishang Online projected to achieve a 76% revenue growth and 33% net profit growth by 2025 [23][24]. Operational Capability - Operational capability is assessed through customer management and service quality, with a focus on maintaining a diverse customer base to mitigate risks [25][28]. - Companies like Century Internet demonstrate strong customer retention with a low churn rate of 0.2% and a diverse client portfolio [28]. Competitive Landscape - The report ranks 12 key vendors based on the evaluation model, highlighting the strengths of retail operators in customer management and service depth [31][34]. - Retail operators like Qishang Online and Century Internet excel in providing tailored solutions for vertical industries, while wholesale players like WanGuo Data leverage resource acquisition efficiency [34][35]. Conclusion - The AIDC retail market's future value will shift from mere resource supply to empowering AI application scenarios, with Beijing as a strategic hub for high-value computing assets [38].

广东电网公司相关负责人表示，"一度电的经济学"，算的是成本账，更是生态账、发展账。当算力与电 力深度融合，当增长与减碳并行不悖，当"底座支撑"升级为"产业赋能"，韶关正在书写中国数字经济时 代的新答卷："以算促产、以产促算"的良性循环。 数据最有说服力：2025年，韶关6家数据中心全年用电量超1.7亿千瓦时，同比暴涨751%；2026年1月， 集群用电量达2634万千瓦时，同比翻十倍。 更难得的是，"便宜"与"绿色"兼得。算力集群是"用电大户"，也是"减碳先锋"。看似矛盾的定位，在韶 关成为现实。"十四五"期间(2021年至2025年)，韶关通过建设坚强的主配网网架结构，支撑新能源消纳 能力达到100%。 绿电撑起"算力底座"。截至2025年底，韶关绿电装机占比超六成，这意味着，数据中心每消耗2度电， 就有1度来自清洁能源。更亮眼的是，集群单位算力能耗比全国平均低12%，真正做到"算力狂飙，碳排 不增"。 谢金保透露，目前韶关已初步形成"上游算力设备制造、中游算力服务、下游数据应用"的完整产业 链。"我们的目标很明确：通过中游算力产业，吸引上游和下游产业来韶集聚成势，推动大数据全产业 链高质量发展。" 每次抢 ...

Core Viewpoint - The development of the Ningxia Zhongwei City in the Tengger Desert is rapidly transforming into a hub for data centers and emerging industries, driven by the "East Data West Computing" initiative and local advantages [1]. Group 1: Industry Development - The Ningxia Zhongwei City is experiencing a transformation with the establishment of numerous data centers, supported by government initiatives to develop characteristic industries and promote industrial upgrading in the western region [1]. - The local data center industry is witnessing explosive growth, with companies like China Unicom planning to double their computing capacity by 2026 [3]. Group 2: Employment Opportunities - The establishment of the aerospace control station has created job opportunities for local youth, with over 70% of the engineers being local residents [2]. - The rapid expansion of data centers is expected to create a significant demand for operational staff, with a projected shortfall of over 1,000 personnel by the end of 2026 [3]. Group 3: Energy Consumption - Data centers are major consumers of electricity, with projections indicating that electricity consumption in Zhongwei's data centers will increase by over 60% by 2026 [3]. - The local power company has formed a specialized team to develop personalized power supply plans and pricing strategies to support the growing energy needs of data centers [3].

Core Viewpoint - Guangdong's "one kilowatt-hour economics" is exemplified by the city of Shaoguan, which is leveraging high-quality green electricity to establish itself as a computing power hub for the Guangdong-Hong Kong-Macao Greater Bay Area [1][3]. Group 1: Economic and Operational Advantages - Shaoguan is part of the national "East Data West Computing" project and serves as the only national data center cluster in South China, supporting Guangdong's manufacturing strategy [3]. - The city offers the lowest electricity prices in Guangdong, with a cost of 0.134 RMB per kilowatt-hour lower than the Pearl River Delta, significantly reducing operational costs for data centers [3]. - By 2025, six data centers in Shaoguan are expected to consume over 170 million kilowatt-hours of electricity, a 751% increase year-on-year [3][4]. Group 2: Green Energy Integration - By the end of 2025, over 60% of Shaoguan's electricity generation will come from green energy, meaning that for every two kilowatt-hours consumed by data centers, one will be from clean energy sources [4]. - The energy consumption per unit of computing power in Shaoguan is 12% lower than the national average, achieving a balance of increased computing power without increasing carbon emissions [4]. Group 3: Industry Development Goals - Shaoguan aims to create a complete industrial chain encompassing upstream computing equipment manufacturing, midstream computing services, and downstream data applications [4]. - The integration of computing power and electricity is seen as a way to promote both ecological and economic development, fostering a virtuous cycle of "promoting production through computing and vice versa" [5].

Group 1: Traditional Industry Optimization - The strategy focuses on enhancing traditional industries, particularly in mineral resource processing and the development of the liquor industry, with expected growth rates of over 12% in chemical and 10% in non-ferrous industries [1] - The initiative includes the establishment of new coal washing plants and the expansion of coal production to reach 190 million tons, alongside the development of renewable energy projects [1] - The liquor industry aims to strengthen its brand and expand international markets, with plans for a three-year action plan for overseas marketing [1] Group 2: Emerging Industry Cultivation - The digital economy is targeted for growth, with a goal for its core industries to contribute 5.5% to the regional GDP, supported by the establishment of data centers and the implementation of the "East Data West Computing" project [2] - The electric vehicle and new energy materials sectors are expected to see a 10% increase in value, with significant investments in battery production and infrastructure [2] - The advanced equipment manufacturing sector is being developed to support national strategic industries, including aviation and emergency rescue equipment [2] Group 3: Development Zone Enhancement - The management reform of development zones is being implemented, with a focus on increasing the utilization rate of standard factory buildings and establishing a digital management platform [3] - The construction of high-level development zones is underway, with two zones expected to reach a scale of 50 billion and 22 zones at 10 billion [3] Group 4: Service Industry Growth - The logistics sector is being enhanced with the establishment of national logistics hubs and a reduction in logistics costs, aiming for a ratio of logistics costs to GDP to drop to 13.8% [5] - The retail and hospitality sectors are encouraged to innovate, with support for digital supply chains and the introduction of new business models [6] - The tourism industry is being promoted through the development of key scenic areas and the integration of cultural and tourism sectors, with a target of 8% growth in tourist numbers and spending [7] Group 5: Agricultural and Rural Development - The agricultural sector is focused on improving quality and efficiency, with a target of a 2% increase in grain yield and the establishment of emergency supply bases for vegetables [21] - Rural revitalization efforts include enhancing infrastructure and public services, with a goal of covering 53% of the rural population with water supply projects [22] Group 6: Green Transition Initiatives - The implementation of carbon emission control measures aims to reduce CO2 emissions per unit of GDP, with a focus on energy efficiency and low-carbon projects [23] - Pollution prevention and ecological restoration efforts are being intensified, with specific targets for air and water quality improvements [24] Group 7: Risk Management and Stability - Financial risk management is prioritized, with measures to control local government debt and ensure the repayment of existing debts [26] - Safety production measures are being enhanced to prevent major accidents, with a focus on high-risk sectors such as mining and transportation [27] - Social stability is being maintained through comprehensive governance and public safety initiatives [28] Group 8: Social Welfare and Public Services - Employment stabilization measures are being implemented to support key groups, with a focus on enhancing job opportunities and skills training [29] - Public service quality is being improved, particularly in healthcare, with the establishment of regional medical centers and enhanced community health services [30] - Social security measures are being reinforced to ensure basic living standards and support for vulnerable populations [32]

Core Viewpoint - The performance report of fiber optic companies reveals a stark divide in the industry, with significant losses for many firms while only a few achieve high growth, highlighting the importance of selecting the right leaders in the market [1][4]. Group 1: Performance Overview - 26 leading fiber optic companies reported substantial losses, while 15 experienced a year-on-year decline in performance, and only 17 managed to achieve high growth [1][3]. - The disparity in performance has created three distinct groups within the fiber optic sector, with some companies facing severe financial difficulties [1][3]. Group 2: Reasons for Performance Disparity - The companies that reported losses were previously optimistic due to industry price increases but are now struggling with significant financial setbacks [3]. - The 17 high-growth companies possess advanced fiber optic technology and have secured large orders related to AI computing, allowing them to thrive despite the overall market downturn [4]. Group 3: Market Sentiment and Investor Behavior - Investors are reacting to the performance reports by quickly assessing their holdings to determine whether they are in the losing or gaining group [5]. - The market is expected to see increased differentiation between high-growth stocks and those experiencing losses, leading to a more pronounced divide in investor sentiment [5][6]. Group 4: Investment Implications - The performance disparity serves as a warning to investors that simply being in a trending industry does not guarantee profits; careful selection of companies is crucial [8][9]. - The report emphasizes that the underlying performance metrics are the only reliable indicators of stock price support, reinforcing the need for due diligence in investment decisions [9].