Core Insights - The strategic value of China's western regions, particularly Ningxia, is being redefined due to the rise of computing power infrastructure and the increasing demand for green electricity [1][6] - *ST Baoshi, now known as Ningxia Guoyun New Energy, is positioned as a key player in the green electricity market and is crucial for the development of green electricity bases and power consumption systems in the region [2] Group 1: Company Overview - *ST Baoshi is the only listed platform for new energy in Ningxia and plays a significant role in the market-oriented development of green electricity [2] - The company has approximately 3 million kilowatts of installed wind and solar capacity, with an additional 10 million kilowatts from managed projects, aiming to become the largest power generation enterprise in Ningxia [3] Group 2: Energy Supply and Storage - The company is constructing three major energy storage stations with a total capacity of 640 MW/1280 MWh, which will support the stability of data centers and play a role in peak shaving and valley filling [4] - Ningxia's strategic positioning in the national energy system reform allows *ST Baoshi to leverage its advantages in direct supply of green electricity and participation in the electricity spot market [5] Group 3: Market Dynamics - The global trend towards "AI electrification" is reshaping the understanding of energy asset value, positioning companies like *ST Baoshi not just as traditional power generation entities but as potential energy suppliers for computing infrastructure [5][6] - The scarcity of green electricity assets in the capital market is expected to increase, providing opportunities for power generation companies to participate more in the computing ecosystem [6]