Investment Rating - The industry investment rating is "Overweight" (maintained) [1] Core Insights - Century Internet has received a 40MW wholesale order from a leading internet company, which will be delivered in phases, focusing on customized services and the deployment of domestic chips, indicating that domestic chips will be a key growth driver for the company's IDC business in the future [1] - As the supply of domestic chips gradually increases, the demand for AIDC (Artificial Intelligence Data Center) is expected to continue rising, leading to sustained order releases in AIDC [1] Summary by Sections AI Chips, Servers, and Power Supplies - Recommended stocks: ZTE Corporation; Beneficiary stocks: Haiguang Information, Cambricon, Chipone Technology, Inspur Information, Huaqin Technology, and Oulu Tong [3] AIDC Data Centers - Recommended stocks: Guanghuan New Network, Aofei Data, Xinyi Network Group, Runze Technology, and Baoxin Software; Beneficiary stocks: Dawi Technology, Global Data, Century Internet, Kehua Data, Dataport, and Dongyangguang [3] Liquid Cooling and Air Cooling - Recommended stocks: Invec; Beneficiary stocks: Shenling Environment, Kehua Data, Tongfei Co., Yilun Co., and Sixuan New Materials [3] Optical Communication - Recommended stocks: Zhongji Xuchuang, Xinyi Sheng, and Tianfu Communication; Beneficiary stocks: Huagong Technology, Guangxun Technology, Yuanjie Technology, Changguang Huaxin, Shijia Photon, Dongshan Precision, Zhishang Technology, Taichen Light, Changxin Bochuang, and Changfei Fiber [3] Switches & Chips - Recommended stocks: ZTE Corporation, Unisoc, and Shengke Communication; Beneficiary stocks: Ruijie Networks [3] HVDC & Diesel Generators - Beneficiary stocks: Kehua Data, Zhongheng Electric, Tonghe Technology, KOT Power, and Weichai Heavy Machinery [3] Computing Power Leasing - Beneficiary stocks: Hongjing Technology, Runjian Co., Zhiwei Intelligent, Capital Online, Hainan Huatie, and Youfang Technology [3]