消息面上值得关注的是，据2025中国算力大会介绍，中国算力平台正加快建设。目前，已有山西、辽宁、 上海、江苏等10个省区市的算力分平台正式接入。预计2025年，我国智能算力规模增长将超过40%。 从基本面看，此前海光信息发布2025年半年度报告，上半年，公司实现营业收入54.64亿元，同比增长 45.21%；净利润12.01亿元，同比增长40.78%。与此同时中科曙光（603019）发布2025年半年度业绩快报显 示，上半年，公司实现营业收入58.54亿元，同比增长2.49%；净利润7.31亿元，同比增长29.89%。 此外值得一提的是，海光信息拟换股吸收合并中科曙光备受市场关注。8月6日，海光信息公告表示，自本 次交易预案披露以来，公司及有关各方正在积极推进本次交易的相关工作。 华安证券（600909）指出海光信息拟通过换股吸收合并的方式对中科曙光进行战略整合，旨在实现公司在 芯片领域、中科曙光在整机和数据中心基础设施领域的优势技术积累、团队和资金能力、供应链和市场资 源等资源上的互补和深度融合，以产业链垂直整合、技术协同，构建从芯片设计到算力服务的全栈能力， 加速算力产业生态环境构建，提升与国际龙头企业的 ...

Core Insights - Shanxi province is transitioning from a traditional energy base to a computing power hub, showcasing significant advancements in its computing power industry at the 2025 China Computing Power Conference [1][2] - The province has attracted major companies like JD, Douyin, and Qinhuai Data, leveraging its natural advantages and market-driven investments to foster a computing power ecosystem [2][3] Industry Development - Shanxi's computing power infrastructure includes 514,000 standard racks and a computing scale of 32 EFLOPS, indicating robust growth since the introduction of policies to accelerate digital economy development in 2021 [1] - The total investment in computing centers in Datong has reached 282 billion yuan, with server investments totaling 491 billion yuan, primarily driven by market forces rather than government funding [2] Competitive Advantages - Shanxi's climate, with an average temperature of 9.9 degrees Celsius, provides a natural cooling effect for data centers, resulting in an average Power Usage Effectiveness (PUE) of 1.2, which is among the best in the country [2][3] - The province benefits from low electricity prices and abundant green energy resources, making it an attractive location for computing power projects [3] Infrastructure and Projects - Shanxi has initiated 16 computing center projects with a total investment exceeding 138.46 billion yuan, including significant projects like the IPv6 Interconnection Low-Carbon Green Computing Center in Taiyuan [5] - The China Mobile (Shanxi Taiyuan) Computing Center, with 10,000 racks and a computing capacity of 2000 PFLOPS, exemplifies the strategic infrastructure supporting high-end applications like AI model training and big data analysis [5] Impact on Traditional Industries - The integration of computing power into traditional sectors, such as coal mining, has led to significant efficiency improvements, with a reported 40% reduction in personnel and a 60% increase in production [8][9] - Shanxi has established 289 intelligent coal mines, showcasing the transformative impact of computing power on traditional industries [9] Broader Applications - Computing power is enhancing various sectors, including agriculture, where it aids in crop monitoring and pest diagnosis, and governance, improving efficiency in community management [10] - The emergence of new professions, such as data annotators, reflects the growing influence of computing power across different industries [10]

2025中国算力大会在山西大同盛大启幕，以"算网筑基，智引未来"为主题，标志着我国在算力领域的又一里程碑事件。会上，中国算力平台成功接入了包 括山西、辽宁、上海等在内的十个省区市分平台，实现了从平台到生态、从资源到场景的全面贯通。 近年来，我国算力产业发展迅猛，"十四五"期间更是取得了显著成就。智能算力规模达到了788EFLOPS，干线400G端口数量大幅增加至14060个，存力总 规模也突破了1680EB。同时，"华彩杯"算力应用创新项目征集活动反响热烈，累计征集项目超过2.3万个。 为应对算力产业发展中的挑战，我国以"点、链、网、面"为主轴，积极推动全国一体化算力网的建设。在中国信息通信研究院的引领下，自2017年起，产 业各界携手并进，稳步推进中国算力平台的建设。 作为国家级综合性算力服务平台，中国算力平台集算力供应、需求和服务于一体，致力于打造一个中立、开放、公平、可信的服务生态。通过提升不同系 统间的兼容性和互操作性，平台进一步促进了算力资源的高效配置与价值释放。 大会现场，栾晓维还发布了人工智能算力优化AICO体系，这一产学研共创的"算力加速引擎"旨在解决AI算力落地的痛点，让企业能够更便捷、经济 ...

Core Viewpoint - The rapid development of artificial intelligence is driving a significant increase in demand for intelligent computing power, with expectations for substantial growth in the industry by 2025 [1][4]. Group 1: Industry Growth and Demand - As of July, over 1,000 registered enterprise users and more than 100 service providers are operating on China's computing power platform, with over 110 quality computing power products available [2][5]. - The total scale of computing power in China has been growing at an annual rate of approximately 30%, with projections indicating that the intelligent computing power scale will exceed 40% growth by 2025 [4]. - By 2035, artificial intelligence is expected to contribute over 11 trillion yuan to China's GDP, accounting for about 4% to 5% of the total GDP, potentially leading to a tenfold or even hundredfold increase in computing power demand [4]. Group 2: Policy and Infrastructure Development - The Ministry of Industry and Information Technology (MIIT) aims to guide the construction of computing power facilities and improve the quality of computing resources [6][7]. - Policies will be implemented to optimize the layout of computing power infrastructure and promote the construction of green data centers [7]. - By 2026, a comprehensive standard and rule system for computing power interconnectivity is expected to be established, with a goal of achieving standardized interconnectivity by 2028 [7]. Group 3: Innovation and Industry Upgrades - Numerous companies showcased innovative achievements at the conference, contributing to the development of the computing power industry [8][9]. - Notable innovations include China Mobile's advancements in computing network integration and Inspur's application of AI in the industrial internet to enhance manufacturing efficiency [9][10]. - The "2025 Computing Power China Annual Major Breakthrough Achievements" highlighted ten significant technological breakthroughs, emphasizing the industry's capability for full-chain innovation [10].

作为数字经济时代的新质生产力，算力产业发展备受市场关注。 23日，以"算网筑基智引未来"为主题的2025中国算力大会在山西省大同市开幕。 工业和信息化部副部长熊继军在致辞中表示，工信部将加强与相关部门协同，持续加强多元泛在、智能 敏捷、安全可靠、绿色低碳的算力基础设施建设，切实提升算力资源使用效率，推动算力网络"点、 链、网、面"体系化高质量发展，持续巩固提升信息通信业竞争优势和领先地位。 他表示，工信部将深化算力赋能行业应用，推动构建算力产业良好生态。面向教育、医疗、能源等重点 行业，开展算力赋能专项行动。推动"智算生态圈"建设，推广一批标志性技术产品和解决方案，推动实 施城域"毫秒用算"专项行动，加快建设中国算力平台。 熊继军强调，将有序引导算力设施建设，切实提升算力资源供给质量。推动完善算力布局政策体系，优 化布局算力基础设施，引导各地合理布局智能算力设施，持续开展国家绿色数据中心建设。加快突破 GPU芯片等关键核心技术，扩大基础共性技术供给。深入开展算力强基"揭榜"行动，聚焦计算、存储、 网络等重点方向，加快新技术新产品应用推广。 工信部最新数据显示，截至今年6月底，我国在用算力中心标准机架达1085 ...

Core Insights - The 2025 China Computing Power Conference opened in Datong, Shanxi Province, focusing on the theme "Building the Foundation of Computing Power to Lead the Future" [1] Group 1: Industry Development - The Ministry of Industry and Information Technology is advancing the construction of computing power infrastructure, enhancing industrial technological innovation capabilities, and promoting the application of computing power, marking a new phase of high-quality and large-scale development in China's computing power industry [3] - As of June 2023, the number of standard racks in use for computing power centers reached 10.85 million, with intelligent computing power scaling up to 788 EFLOPS, and the total storage capacity exceeding 1,680 EB [3] - The average Power Usage Effectiveness (PUE) of computing power centers nationwide has decreased to 1.42, indicating improved efficiency in energy utilization [3] Group 2: Strategic Initiatives - The Ministry will strengthen collaboration with relevant departments to enhance the construction of diverse, intelligent, agile, secure, and green computing power infrastructure, aiming to improve resource utilization efficiency [4] - There will be a focus on optimizing the layout of computing power infrastructure and guiding local areas in the reasonable placement of intelligent computing facilities, alongside the promotion of national green data center construction [4] - The initiative includes deepening the integration of technological and industrial innovation, accelerating breakthroughs in key technologies such as GPU chips, and promoting the application of new technologies and products [4] Group 3: Regional Development - Shanxi Province is actively transforming its resource advantages into computing power advantages, maintaining a leading position in computing power development nationwide [5] - The province has established a computing power cluster centered in Datong, with 514,000 standard racks in use and an intelligent computing power scale of 32 EFLOPS [6] - The conference featured the launch of the China Computing Power Platform (Shanxi) and the integration of sub-platforms across ten provinces, showcasing the province's commitment to building a comprehensive computing power ecosystem [5][6] Group 4: Conference Highlights - The conference included the release of significant research reports such as the "2025 Comprehensive Computing Power Index" and the "2025 Computing Power Development Report" [5] - The event was structured around a framework of one opening ceremony, two main forums, multiple sub-forums, and various special activities, focusing on policies for computing power industry development and showcasing the latest achievements [6] - Special activities included the "Starry Night" and "Dialogue with the Future," highlighting major breakthroughs and recognizing young pioneers in the field [6]

Core Viewpoint - The release of DeepSeek's V3.1 has sparked significant excitement in the A-share market, indicating a potential breakthrough for domestic chip manufacturers in the computing power sector [3][4][17]. Industry Impact - The A-share market saw over 2800 stocks rise, with computing power stocks and chip manufacturers experiencing substantial gains, highlighting a collective optimism in the sector [3][4]. - DeepSeek's statement is viewed as a signal of a "technical shift" and a rare moment of resonance within the domestic computing power industry [4][13]. Technical Details - The "UE8M0 FP8" format introduced by DeepSeek is designed to enhance the performance of AI models by compressing data to 8 bits, which reduces memory bandwidth pressure during training and inference [5][11]. - The UE8M0 format allows for efficient scaling of data blocks, significantly improving the dynamic range and reducing the risk of information loss during processing [10][12]. - The architecture of existing domestic AI accelerators is evolving to support the MX format, which is essential for overcoming memory bandwidth limitations [12][14]. Competitive Landscape - The release of UE8M0 FP8 signifies that domestic chip manufacturers have achieved a comprehensive integration of floating-point formats, compiler optimizations, and training framework adaptations [14]. - Major domestic chip companies, including Moore Threads and Cambrian, are already in contact with DeepSeek and are positioned to benefit from this new technology [15][16]. Future Outlook - DeepSeek's initiative is seen as a step towards reducing reliance on foreign technology, potentially redefining the efficiency of large model computing power and enhancing the international standing of domestic chip manufacturers [17].

Core Viewpoint - Datong City is leveraging its geographical, climatic, and energy advantages to develop its computing power industry, aiming to transform from a resource-based economy to a data-driven economy, with significant investments and strategic planning in place to support this transition [6][8][11]. Group 1: Industry Development - Datong has been recognized as one of the seven national-level data labeling bases, ranking third in the country for urban computing power index, highlighting its growing significance in the AI industry [6]. - The city has established a comprehensive computing power ecosystem, covering hardware manufacturing, data center construction, cloud services, and data applications, creating a closed-loop system [11]. - Since the establishment of the Qinhuai Energy Information Technology Industrial Base in 2018, Datong has attracted major projects, with total investments in computing power centers exceeding 28.2 billion yuan, and over 736,000 servers operational [11][13]. Group 2: Infrastructure and Technological Innovation - Datong's computing power industry is supported by advanced infrastructure, including two high-end server production lines with an annual capacity exceeding 100,000 units, and a national-level data labeling base leading the way in data services [13]. - The city has been recognized for its green computing initiatives, with innovations such as "waterless cooling" technology that reduces energy consumption significantly [11][14]. - Datong's computing power centers are designed to utilize renewable energy, with over 56% of its total power capacity coming from renewable sources, aiming for over 60% by 2027 [18]. Group 3: Strategic Planning and Future Outlook - The local government has implemented a three-year action plan for data industry development, focusing on integrating computing power with data and industry applications to enhance economic growth [21][22]. - Datong aims to create a multi-layered computing power supply system and explore cross-regional computing power scheduling, contributing to the national integrated computing power network [22]. - The city is committed to fostering a collaborative ecosystem involving government, academia, and industry to cultivate data talent, with plans to train at least 3,000 data professionals annually [15].

Core Viewpoint - The company emphasizes the importance of high-voltage direct current relays in emerging fields such as computing power supply equipment and has made proactive technological arrangements [1] Group 1: Company Strategy - The company claims its related products can comprehensively cover various application scenarios in computing power supply [1] - The company has established long-term and stable strategic partnerships with several mainstream equipment manufacturers both domestically and internationally [1] - The company is actively cooperating with customers for product development and innovation [1] Group 2: Future Outlook - The company plans to closely follow the development trends of the computing power industry and continue investing in research and development to enhance product performance and reliability [1] - The company aims to provide more competitive product support for global computing power infrastructure [1]

Core Viewpoint - The company has proactively developed a full range of solutions to meet market demands in the computing power industry, establishing deep strategic collaborations with leading global computing equipment manufacturers [1] Group 1 - The company has completed the layout of supporting resources based on forward-looking assessments of the computing power industry's trends [1] - The company is continuously empowering customer upgrade needs through technical co-research and agile delivery [1] - The company aims to deepen its participation in the construction of the computing power industry ecosystem, leveraging its core technology accumulation and agile response capabilities [1] Group 2 - The company seeks to strengthen its first-mover advantage in the market, opening up broader space for business growth [1]