Core Viewpoint - The Ministry of Industry and Information Technology and the National Forestry and Grassland Administration have jointly issued a notice to promote the construction of "Broadband Forestry and Grassland," aiming for significant improvements in network coverage in forest and grassland areas by the end of 2027 [1][2]. Group 1: Key Objectives and Tasks - By the end of 2027, 90% of forest station areas are expected to have 4G/5G network coverage, with significant enhancements in key locations such as populated areas and fire lookout towers [1]. - The notice outlines nine tasks focusing on enhancing network coverage in important locations, strengthening network construction in key areas, optimizing the construction environment, and improving network maintenance and usage levels [2]. Group 2: Communication Infrastructure Development - The notice emphasizes the need for various communication transmission methods, including fiber optics, microwave, and satellite, to optimize network coverage in natural protected areas [3]. - It highlights the importance of collaboration between telecommunications companies and local governments to ensure funding and support for the "Broadband Forestry and Grassland" projects [4]. Group 3: Current Achievements and Future Plans - As of July 2023, China has established 4.598 million 5G base stations and over 30.53 million gigabit network ports, achieving "gigabit access in every county and 5G access in every township" [4]. - The Ministry of Industry and Information Technology plans to continue enhancing network construction and application, focusing on 5G and gigabit optical networks, and advancing research and development in 6G technology [5].

Core Viewpoint - The article highlights the advancements in China's new information infrastructure, particularly in 5G and computing power, showcasing significant upgrades in coverage, efficiency, resource sharing, and connectivity [1][2][3]. Group 1: Infrastructure Development - As of July 2023, China has built 4.598 million 5G base stations and over 30.53 million gigabit network capability ports, achieving "gigabit access in every county and 5G access in every township" [1]. - A special action for "signal enhancement" is being implemented to deepen coverage of 5G and gigabit optical networks in key areas such as cultural tourism and transportation hubs, improving network quality and user experience [1]. Group 2: Computing Power Integration - The construction of computing power infrastructure is progressing steadily, with 10.85 million standard racks in use and an intelligent computing power scale reaching 788 EFLOPS (FP16 half precision) as of June 2025 [2]. - The national integrated computing power network system is being accelerated, with transmission delays between national hubs not exceeding 20 ms and between regional computing nodes not exceeding 1 ms [2]. Group 3: Resource Sharing and Sustainability - The sharing rate of newly built towers has reached 85%, with over 95% of new 5G base stations utilizing existing site resources, equivalent to saving 1.2 million communication towers and 68,000 acres of land [2]. - The promotion of 5G inter-network roaming has effectively reduced redundant investments and enhanced the overall efficiency of the 5G network [2]. Group 4: Rural and International Connectivity - Thanks to ten years of continuous construction of universal telecom services, rural broadband network development has accelerated, achieving "broadband access in every administrative village" and over 90% 5G coverage [3]. - As of now, there are 15 international gateway exchanges, and telecom companies have invested in 17 international and Hong Kong-Macau-Taiwan submarine cable systems, significantly enhancing international communication capabilities [3].

Core Insights - Shenzhen Airport's T2 terminal and related projects have officially commenced construction, aiming to enhance the airport's capacity and efficiency, supporting its development as a composite international aviation hub [1][2] - The design capacity for the new projects includes an annual passenger throughput of 31 million, with significant infrastructure developments such as a 400,000 square meter terminal and various transport centers [1] - By 2024, Shenzhen Airport is projected to exceed 60 million passengers, ranking fourth nationally, with a cargo throughput of 188,100 tons, maintaining the top position for domestic cargo [1][3] Infrastructure Development - The new T2 terminal and associated projects will significantly increase Shenzhen Airport's operational capacity, facilitating better integration with existing facilities [1][2] - The airport's expansion plans include three runways and multiple terminals, aiming to create a comprehensive transportation hub that integrates air, land, and rail [2] Future Projections - By 2035, Shenzhen Airport aims to achieve an annual passenger throughput of 100 million and a cargo throughput of 350,000 tons, with a target of over 120 international routes [3] Cargo Performance - Shenzhen Airport ranked 19th globally in cargo volume, handling 1,881,468 tons, reflecting a year-on-year growth of 17.6% [4][5] - The Greater Bay Area's airports, including Shenzhen, Hong Kong, and Guangzhou, are recognized among the top 20 global cargo airports, highlighting the region's strategic importance in global supply chains [4][7]

Investment Rating - The report does not explicitly provide an investment rating for the computing power scheduling platform industry. Core Insights - The rapid development of artificial intelligence technology has led to an exponential increase in global demand for computing power, necessitating computing power scheduling for resource integration and optimization across regions and platforms [2]. Summary by Sections Overview of the Computing Power Scheduling Industry - Computing power is defined as the ability of computer devices or data centers to process information, categorized into general computing power, intelligent computing power, and supercomputing power [15][18]. - China's computing power scale has grown rapidly, reaching 280 EFLOPS by 2024, with intelligent computing power accounting for 32% [20][23]. Challenges in Heterogeneous Computing Power Scheduling - Heterogeneous computing power scheduling faces multiple core challenges, including increased scheduling complexity due to resource heterogeneity and software environment fragmentation, high migration costs for cross-architecture tasks, and a lack of unified scheduling standards leading to resource mismatch and low utilization [4][43]. Major Domestic Computing Power Scheduling Platforms - National-level computing power scheduling platforms are primarily government-led or constructed by major operators, emphasizing cross-regional collaboration and market-oriented transactions [5][48]. - Provincial platforms cover key regions like the Yangtze River Delta and Chengdu-Chongqing, while municipal platforms focus on local AI and smart manufacturing scenarios [48]. Mainstream Open Source Computing Power Scheduling Technologies - Domestic computing power scheduling platforms are often built on open-source technologies, with openFuyao emerging as a versatile scheduling platform with advantages in domestic adaptation, while Kubernetes and Slurm have strong foundations in cloud-native and HPC fields [6][51].

Group 1 - The Ninth Future Network Development Conference opened in Nanjing with the theme "Global Network, Winning the Future" aimed at creating a dialogue platform for technology exchange and industry cooperation in the field of network communication [1] - The conference featured discussions on hot topics such as computing-network integration, intelligent computing networks, network large models, and deterministic networks, including a main forum and 18 sub-forums [1] - Key officials emphasized the importance of advanced networks in supporting collaborative efforts in "network-computing-data" and highlighted the goal of building a world-leading national data infrastructure system [1] Group 2 - Academicians discussed China's AI innovation paths and strategies, as well as the integration of AI with future networks [2] - Major technological achievements were announced, including an integrated computing network scheduling platform and the first network large model for wide area networks [2] - Strategic cooperation agreements were signed between various cities and organizations to enhance the construction of a super computing network across important regions in the country [2]

Group 1 - The ninth Future Network Development Conference opened in Nanjing with the theme "Global Network, Winning the Future" [1] - Major technological achievements in the future network field were announced, including an integrated data computing network scheduling platform and the first wide-area network model [1] - Officials emphasized the importance of advanced networks for interconnectivity and collaboration in data computing, aiming to build a leading national data infrastructure [1] Group 2 - The conference featured discussions on topics such as network-computing integration, intelligent computing networks, and deterministic networks, with a main forum and 18 sub-forums [2] - Participation included representatives from national departments, local governments, industry experts, and academic institutions [2]

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [11]. Core Insights - The report highlights that the three major telecom operators in China—China Mobile, China Telecom, and China Unicom—are transitioning from traditional communication providers to "AI infrastructure providers, industry enablers, and security guardians," significantly contributing to the digital transformation of the economy and society [1][3]. - The integration of AI into various sectors is seen as a key driver of the new technological revolution and industrial transformation, with telecom operators playing a crucial role in this evolution [1]. Summary by Sections Investment Recommendations - The report suggests that telecom operators will significantly benefit from the performance growth and value reassessment brought by intelligent computing services under the AI wave. It recommends focusing on the three major operators: China Mobile, China Telecom, and China Unicom, as well as their partnerships with computing service providers such as Runze Technology, Pingzhi Information, Zhongbei Communication, ZTE, Fenghuo Communication, and Unisplendour [3]. Industry Developments - The report emphasizes the practical AI capabilities demonstrated by the telecom operators at WAIC 2025, showcasing their role as a "digital infrastructure national team" and their technological leadership in building a smart service ecosystem that covers both industry and people's livelihoods [3]. - The collaboration between computing power and network innovation is highlighted as a core logic for the operators' computing infrastructure, leading to significant breakthroughs in computing resource utilization and efficiency [3]. Infrastructure Investment - In 2025, the three major operators are expected to increase their investments in computing infrastructure, with China Mobile planning to invest 37.3 billion RMB in this area. Both China Telecom and China Unicom are projected to see over 20% year-on-year growth in their computing investments [3]. - The report notes that the domestic server procurement by China Unicom has exceeded 90% for domestic servers, while China Mobile has the largest single liquid-cooled intelligent computing center among global operators, with over 85% of its computing power being domestically sourced [3].

Core Insights - The report highlights the ongoing development and commercialization of humanoid robots, supported by industrial funds for innovative breakthroughs, with related stocks including Zhongdali De (002896) and Industrial Fulian (601138) [8] - The implementation of stablecoin regulations in Hong Kong is accelerating the global layout of digital financial infrastructure, with related stocks such as Sifang Jingchuang (300468) and Hengsheng Electronics (600570) [8] - The first intelligent storage scheduling platform in the country has been launched to promote the integration of computing and networking, with related stocks including Unisplendour Corporation (000938) and Zhongke Shuguang (603019) [8] Company Focus - Redick (300652) has completed the development of planetary roller screw products, covering all types and achieving mass production [10] - Jinyi Culture (002721) has collaborated with several banks on digital RMB products through its subsidiary Kaike Weishi, and is also involved in AI large model-related projects [10] - Wantong Intelligent Control (300643) has signed an exclusive sales and cooperation contract with Shanghai Shenming Aosi Semiconductor Technology Co., Ltd. for the production and sale of boards based on the Fellow 1 model chip [10] Market Review and Outlook - On July 30, the total trading volume in the two markets was 1,844.3 billion yuan, with 1,632 stocks rising and 3,376 stocks falling, indicating an increase of 41.1 billion yuan compared to the previous day [12] - The major indices opened flat and experienced wide fluctuations, with the exception of the Shanghai Composite Index, which closed slightly higher, while other important indices closed with small losses [12] - Market hotspots included significant gains in sectors such as film, oil and gas, and dairy, while sectors like digital currency and diversified finance saw declines [12][13]

Core Insights - The integration of AI technology is becoming a core driver for industrial transformation, with significant opportunities estimated in the trillions [1][2] - The application of 5G technology is accelerating in various sectors, contributing to the digital transformation of industries [3] Group 1: AI and Industrial Transformation - A large-scale industrial model has produced 25,000 industrial models and empowered over 75 million 5G factories, showcasing the extensive application of AI [1] - AI-native applications have surpassed 270 million monthly active users, and devices with AI capabilities have exceeded 1.4 billion [1][2] - The "AI Full Integration" business incubation center was launched, indicating a strategic focus on AI as a foundational element in IT infrastructure [1][2] Group 2: 5G Technology and Manufacturing - 5G technology has been integrated into 86 out of 97 categories of the national economy, facilitating digital transformation across various industries [3] - The industrial internet sector has reached a scale of 1.5 trillion yuan, with over 18,500 industrial 5G projects established nationwide [3] - In the aircraft manufacturing sector, 5G has improved equipment utilization rates to 90% and reduced inspection times by 80% [2] Group 3: Collaborative Innovation and Research - A joint innovation platform was established to focus on areas such as network security, AI, and quantum technology, promoting collaborative research and application [3] - The Fudan University team has developed a new tactile sensor with a high density of sensing units, enhancing robotic capabilities [4]

Core Viewpoint - China Unicom Cloud aims to establish itself as the "first brand of computing power" in the context of national strategy, emphasizing the importance of self-controlled computing power for national strength [1][6]. Group 1: Strategic Positioning - The strategic positioning of China Unicom Cloud is driven by the national consideration of "computing power equals national power," highlighting its responsibility to meet the country's demand for self-controlled computing capabilities [1]. - The company has made significant investments in core underlying technologies, such as the domestically developed container engine CSK Turbo, which addresses the issue of dependency on foreign open-source technologies [1][2]. Group 2: Technical Innovations - China Unicom Cloud has achieved a scale of 400,000 real-time online containers internally, with a single server supporting over 1,000 Pods and a 70% reduction in memory usage [2]. - The company has developed an advanced computing power scheduling platform called "Unicom Star Network," which enables unified orchestration and hierarchical scheduling of computing resources across the network [3]. Group 3: Market Solutions - To address the supply-demand imbalance in the current agent market, China Unicom Cloud has launched a "Digital Product Supermarket," aiming to create a more open and transparent market for intelligent agents [3][4]. - The "Digital Product Supermarket" offers over a hundred selected intelligent agents categorized by different types, catering to the diverse needs of enterprise users while ensuring security [4][5]. Group 4: Competitive Advantages - China Unicom Cloud differentiates itself through a strong security philosophy, developing eight internal security products that provide proactive security measures [6]. - The company boasts unparalleled localized service capabilities, with marketing, delivery, and support reaching down to the county level, which is a significant advantage over other cloud service providers [6].