Core Insights - The article discusses the establishment and operational status of Intelligent Computing Centers (IDC) in listed companies, focusing on the possession of IDC operating licenses as a key indicator of computational resource availability [1][6]. Data Collection and Methodology - The data collection involved over 2,400 samples from 280 companies that possess IDC operating licenses, with a focus on the period from 2025 to September 2025 [1]. - The methodology for obtaining IDC licenses included referencing the Ministry of Industry and Information Technology's announcements and utilizing the telecom business market management information system [1][6]. - The study also matched the equity chain of listed companies with the licenses held by their subsidiaries, establishing a minimum ownership threshold of 20% to determine actual business control [1][7]. Variables and Definitions - The dependent variable, Total Factor Productivity (TFP), was calculated using the Olley-Pakes method and the Levinsohn-Petrin method, with higher values indicating greater productivity [5]. - The independent variable, IDC, is defined as a binary variable indicating whether a company holds an IDC operating license, which is essential for operating computing resources [6][7]. Sample Overview - The sample includes companies that have been granted IDC licenses, with a focus on their operational years and the corresponding data collection process [1][3].

Core Viewpoint - The company has clarified that its font library products are designed according to standard specifications and do not typically involve optimization of computing power [2] Group 1 - The company has established a computing power deployment primarily for internal use in collaborative design, AI font creation, and machine creativity [2] - Externally, the company provides services such as character usage, intelligent character selection, and AI font effects through its Ziyou platform [2] - The company emphasizes its commitment to delivering high-quality font library products [2]