全网都在"尝鲜"的AI图片、视频生成技术，《哪吒2之魔童闹海》里精妙唯美的渲染特效……这些体 验，都离不开算力这一数字底座的支撑。数字经济浪潮奔涌的今天，算力已成为驱动科技创新、产业跃 迁的新动能。 6月13日，第四届粤港澳大湾区（广东）算力产业大会暨第三届中国算力网大会在韶关举办。作为经济 大省、数字强省，在算力这条赛道上，广东到底有多快？本期信心有数一起看！ 2027年广东算力规模将超60EFLOPS 当人们谈论电力时，谈论的是照亮夜晚、驱动机器、连接世界的能量。而在数字时代，算力就是这种能 量，它是推动科技进步、经济发展和社会变革的"新电力"。 "信心有数"栏目 南方都市报、南都大数据研究院"信心有数"栏目，用数据记录广东实现现代化的奋进之路，用数据描绘 万马奔腾共创美好的活力之路，用数据书写每一个你我昂扬向上的信心之路。 千里之行，系于你我；心中有数，广东可期。 如果说算力就是数字时代的"新电力"，那么作为粤港澳大湾区国家枢纽节点、华南地区唯一的国家数据 中心集群，韶关集群正在成为广东最重要的"发电厂"。 大湾区"算力之城"，韶关何以脱颖而出？ 在自然环境方面，韶关地质安全稳定，年平均气温全省最低，有 ...

Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area is experiencing strong growth in the computing power industry, with Shaoguan becoming the largest smart computing cluster in South China [1][2] - The total computing power scale of the eight major hubs in China's "East Data West Computing" initiative reached 215.5 EFLOPS, accounting for over 70% of the national total [1] - Shaoguan has established a capacity of 120,000 standard racks and attracted 22 smart computing center projects with a total investment exceeding 60 billion [2] Industry Development - A series of technology innovation platforms were launched at the conference, including the Shaoguan Data Investment & Huawei Joint Innovation Laboratory, which will focus on data elements, talent cultivation, and adaptation centers [3] - The AI Edge Alliance was officially established to promote the integration of AI and edge computing, aiming to inject new vitality into the smart computing industry's upgrade [3] - Shaoguan's network latency has improved significantly, with data transmission to Guangzhou taking only 1.3 ms and to Shenzhen 1.66 ms, meeting most computing power business needs in the Greater Bay Area [2] Investment and Projects - The Greater Bay Area Computing Scheduling Center has been completed, and the Guangzhou Data Exchange (Shaoguan) service base is operational [2] - China Telecom plans to invest over 2.4 billion in Shaoguan to build 38,500 standard racks, while Softcom Power Information Technology will develop a computing power scheduling platform [3]

根据市场公开信息及6月11日披露的机构调研信息，知名私募域秀资产近期对1家上市公司进行了调研，相关名单如下： 域秀资本成立于2015年1月，由前上投摩根副总经理冯刚联合业内精英发起设立，以私募证券投资为主业的私募基金管理机构。域秀资本是已通过 中国基金业协会登记的私募投资基金管理人，登记编号为P1007730，且已成为基金业协会的会员。公司采用以有限责任基础上合伙制经营的方 式，打造以人才为核心的投资团队，最大限度激活团队活力。域秀资本致力于为客户提供多策略、优质的资产管理方案，持续为客户创造最大价 值。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 1）海光信息 （上海域秀资产管理有限公司参与公司电话会议） 调研纪要：海光信息和中科曙光的并购重组旨在提升算力产业核心竞争力，通过换股吸收合并方式，海光信息承继中科曙光全部资产，提升股东 回报。换股比例基于定价基准日前120个交易日的股票交易均价确定，中科曙光1股换0.5525股海光信息。募集配套资金将用于支付并购交易税 费、补充流动资金等，发行对象不超过35名特定投资者。整合后将实现 ...

Core Viewpoint - The A-share TMT technology sector experienced a pullback, with the CSI All Share Information Technology Index down by 0.74% as of 10:28 AM on June 10, 2025, despite some stocks like Zhongke Shuguang and Haiguang Information showing significant gains [1] Group 1: Market Performance - Zhongke Shuguang reached a 10.00% limit up, while Haiguang Information and Anke Innovation rose by 5.49% and 3.94%, respectively [1] - Leading decliners included Shiji Information down by 6.12%, Shenxinfeng down by 5.06%, and Yongyou Network down by 4.56% [1] - The Information Technology ETF (562560) attracted significant capital, with a net inflow of 21.05 million yuan over four of the last five trading days, reaching a six-month high in scale [1] Group 2: Corporate Developments - Zhongke Shuguang announced a merger plan with Haiguang Information, where Haiguang will issue A-shares to acquire Zhongke Shuguang, with a transaction value of 115.967 billion yuan [1] - The exchange ratio for the merger is set at 143.46 yuan per share for Haiguang and 79.26 yuan per share for Zhongke Shuguang [1] Group 3: Industry Trends - The transaction aligns with the global trend of collaborative development in the computing power industry, focusing on hardware, software, and ecosystem integration [2] - Haiguang Information's CPU and DCU products are now mainstream in China's information technology sector, while Zhongke Shuguang holds a strong position in high-end computing and data center infrastructure [2] - The merger aims to enhance supply chain resilience and create a comprehensive product supply system to promote healthy development in China's digital industry [2]

Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang aims to enhance their competitive edge in the computing power industry by integrating their resources and technologies, thereby promoting the development of China's computing power sector [4][6][7] Company Summaries Zhongke Shuguang - Zhongke Shuguang's stock reached a limit-up with a closing price of 68.09, reflecting a 10% increase [2] - The company will be absorbed by Haiguang Information in a stock swap, ceasing its listing post-merger [4][5] - The merger is expected to enhance Zhongke Shuguang's asset and resource integration, contributing to the overall competitiveness in the computing power market [6][7] Haiguang Information - Haiguang Information's stock opened up by 8.72% and is currently up nearly 7% [1] - The company plans to issue shares to specific investors to raise funds as part of the merger with Zhongke Shuguang, with a swap ratio of 0.5525:1 [4][5] - The merger is anticipated to optimize the company's position in the chip sector and improve its overall market capabilities [6][7] Industry Insights - The merger is seen as a strategic move to strengthen the domestic computing power industry, enhancing the integration of resources from both companies [6][7] - Analysts from Minsheng Securities and Zhongyuan Securities express optimism about the merger's potential to create a more robust supply chain and improve product performance in the context of increasing demand for AI and domestic production [7]

Domestic News - The Ministry of Commerce announced that the price commitment negotiations regarding the electric vehicle case between China and the EU have entered the final stage, requiring further efforts from both sides [1] - The Ministry of Commerce clarified China's export control policies on rare earths, emphasizing that such controls are common international practices, and expressed willingness to expedite approvals for eligible applications [1] - As of the end of May 2025, China's foreign exchange reserves stood at $328.53 billion, an increase of $3.6 billion from the end of April, reflecting a 0.11% rise [2] - The 7th Yangtze River Delta Integration Development Forum was held, where a list of practical projects for 2025 and best practice cases were released [2] - Hong Kong has launched a HKD 3 billion AI funding program to support local institutions and companies in utilizing supercomputing resources for research breakthroughs [2] International News - The U.S. President announced that the decision regarding the next chairperson of the Federal Reserve will be revealed soon, with former Fed governor Kevin Walsh receiving high praise [4] - The EU has selected 13 strategic projects outside the EU to diversify the supply of strategic raw materials, aiming to reduce dependence on Asia and ensure industrial security [6]

Group 1 - The article discusses the A-share market and its upcoming examination format, indicating a structured approach to assess knowledge in stock trading [2][3] - It includes a quiz with 15 questions aimed at evaluating the reader's understanding of A-share basics, popular sectors, and stock market data [3][5][6] - The quiz results categorize participants into different levels of stock market knowledge, from potential traders to those needing improvement [3] Group 2 - The article highlights the performance of various sectors, including the DeepSeek concept stocks and the robotics sector, which gained popularity after a notable event [7][8] - It mentions the significant growth in the domestic computing power industry, indicating a booming market for related stocks [8] - The article also references the strong performance of chemical concept stocks and the "self-pleasure economy" stocks, showcasing current investment trends [8][9] Group 3 - The article provides insights into the holdings of prominent investors and institutions, revealing their strategies and stock preferences [11] - It notes that several stocks have seen substantial gains, with some exceeding 50% growth this year, indicating a bullish sentiment in specific sectors [11] - The article mentions the significant positions held by foreign investment banks, reflecting their confidence in the A-share market [11]

Group 1 - The core viewpoint is that the computing power industry maintains high prosperity around investment opportunities in the Nvidia chain and ASIC chain [1] - The domestic PCB/CCL industry leaders are expected to benefit from the tight supply-demand situation in high-end capacity, indicating strong sustainability and high certainty in performance growth [1] - Companies positioned to capture core customer technology upgrade cycles and those with collaborative development capabilities are expected to continue to benefit deeply [1]

Market Overview - On June 5, 2025, A-shares saw collective gains across the three major indices, with the Shanghai Composite Index rising by 0.23%, the Shenzhen Component Index by 0.58%, and the ChiNext Index by 1.17%. The total trading volume in the Shanghai and Shenzhen markets reached 1.29 trillion yuan, an increase of 137.4 billion yuan compared to the previous day [1]. ETF Performance - The AI industry ETFs led the market gains, with several ETFs such as the Information Technology ETF (512330) and various AI-focused ETFs showing significant increases. The China Securities Regulatory Commission (CSRC) emphasized the importance of integrating technology and industry innovation during a keynote speech at the Tianjin Financial Forum [2]. AI Industry Insights - Western Securities highlighted the upward trend in the AI industry, driven by enhanced reasoning capabilities. The release of the Claude4 series has significantly improved programming capabilities, with the ClaudeOpus4 model excelling in coding benchmarks. The DeepSeekR1 model's accuracy increased from 70% to 87.5% in the AIME2025 test. Google I/O 2025 showcased comprehensive upgrades in AI models and products, indicating a strong investment direction in AI agents and computing power [3]. Credit Bond ETF Market - The credit bond ETFs have been included in the repurchase pledge library, marking a significant institutional innovation in China's bond market. This move is expected to enhance market liquidity and allow investors to use credit bond ETFs as collateral for repurchase financing, thereby improving capital efficiency and reducing financing costs for enterprises [6]. Innovation in Pharmaceutical Sector - The innovative pharmaceutical sector remains a core focus, with a sustainable trend towards "innovation + internationalization." The sector is expected to benefit from policy support and improved global competitiveness. The demand for medical services and related sectors is anticipated to recover in 2025, driven by a favorable economic outlook [4].

Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang represents a strategic reshaping of China's high-end computing ecosystem under the influence of state-backed forces, enhancing the integration of the computing power industry chain [1][2]. Group 1: Merger Details - On May 25, Haiguang Information announced plans to absorb Zhongke Shuguang through a share swap, with both companies halting trading from May 26 for up to 10 trading days [2][7]. - Haiguang Information has a market capitalization of 316.4 billion yuan, while Zhongke Shuguang's market cap stands at 90.6 billion yuan, potentially creating a combined entity valued over 400 billion yuan if market premiums are applied [2][7]. - The merger is characterized by a close relationship, with Zhongke Shuguang being the largest shareholder of Haiguang Information, holding 27.96% of its shares [4][8]. Group 2: Financial Performance - Both companies have shown positive financial growth, with Haiguang Information reporting a revenue of 2.4 billion yuan in Q1 2025, a 50.76% increase year-on-year, and a net profit of 442.2 million yuan, up 62.63% [12]. - Zhongke Shuguang's revenue grew by 4.3% to 2.59 billion yuan, with a net profit increase of 89.1% to 107 million yuan during the same period [12]. Group 3: Industry Impact - The merger aims to optimize the industry layout from chips to software and systems, consolidating high-quality resources across the computing power industry chain, which is seen as a beneficial attempt to strengthen China's computing power sector [9][18]. - The formation of a "computing power aircraft carrier" is expected to stimulate further asset consolidation in the technology sector, aligning with trends observed in other A-share technology companies [19][21].