依托产业基础和算力底座，廊坊市推动算力产业链拓展延伸，先后出台信息技术和人工智能产业集 群实施方案等政策。强大的算力还助力廊坊市打造智能应用场景。比如，在城市治理领域，引入AI招 商选址大模型，实现项目与资源的精准匹配；在交通物流领域，廊坊顺丰速运的自动导向车与AI大模 型"丰语助理"协同作业，大幅提升分拣与配送效率。 位于廊坊市的河北人工智能计算中心构建"算力供给—数据治理—算法开发—场景落地"的生态闭 环。该中心负责人赵紫铜说，中心将算力基础设施与公共算力服务、应用孵化、产业聚合、科研育人等 有机整合，目前已和900余家企业、200余家高校及科研机构建立联系，孵化了160多个场景解决方案。 廊坊市发展和改革委员会党组书记、主任董丽萍表示，廊坊将继续巩固算力优势，积极联动京津优 质科研资源，强化产业协同创新；围绕城市治理、低空经济等更多领域，深入挖掘应用场景，做大做强 产业集群，为数字经济发展贡献力量。 连续两年领跑全国 河北廊坊锻造算力核心竞争力 本报石家庄9月19日讯(记者王胜强)2025中国算力大会发布的最新数据显示，河北省综合算力指数 连续两年排名全国第一，廊坊城市算力分指数在全国拥有算力中心的地级 ...

2025中国算力大会发布的最新数据显示，河北省综合算力指数连续两年排名全国第一，廊坊城市算力分 指数在全国拥有算力中心的地级行政区中排名第一，连续两年领跑全国。 近年来，廊坊市打造算力核心竞争力，精准契合数据产业对效率、安全与成本的诉求，吸引众多企业投 资兴业。截至目前，我国算力中心服务商10强中有6家在廊坊布局。 位于廊坊市的河北人工智能计算中心构建"算力供给—数据治理—算法开发—场景落地"的生态闭环。该 中心负责人赵紫铜说，中心将算力基础设施与公共算力服务、应用孵化、产业聚合、科研育人等有机整 合，目前已和900余家企业、200余家高校及科研机构建立联系，孵化了160多个场景解决方案。 廊坊市发展和改革委员会党组书记、主任董丽萍表示，廊坊将继续巩固算力优势，积极联动京津优质科 研资源，强化产业协同创新；围绕城市治理、低空经济等更多领域，深入挖掘应用场景，做大做强产业 集群，为数字经济发展贡献力量。 （文章来源：经济日报） 依托产业基础和算力底座，廊坊市推动算力产业链拓展延伸，先后出台信息技术和人工智能产业集群实 施方案等政策。强大的算力还助力廊坊市打造智能应用场景。比如，在城市治理领域，引入AI招商选 址 ...

宁夏银川重金支持算力产业发展 近年来，银川市高水平创建国家人工智能创新应用先导区，先后获批国家信息消费示范城市、千兆城 市、数据基础设施试点城市和人工智能医疗健康应用基地。现如今，全国首个人工智能芯片适配基地在 银川投运，银川市还自主研发"希言"政务大模型、交通基建"灵筑"智工大模型，算力产业发展走在西部 前列。(完) 来源：中国新闻网 编辑：张嘉怡 广告等商务合作，请点击这里 中新网银川9月18日电 (记者 李佩珊)记者18日从宁夏银川市数据局获悉，银川市正式发布《关于打 造"算力之都"促进人工智能产业发展的若干政策(试行)》，将在加快算力基础设施建设、加快数据要素 流通交易、加快人工智能创新应用、培育良好产业生态等方面，释放政策红利，用真金白银支持产业发 展。 据悉，在加大普惠算力资源供给方面，银川市将鼓励算力基础设施以优惠价格提供算力服务，按照实际 服务金额的1%，给予最高1000万元资助。对使用智算资源的企业、科研机构，按照实际算力服务金额 的50%，给予最高100万元资助。为加大投融资支持力度，银川市将统筹用好各类政府基金及阅海湾基 金小镇金融资源，引导加大对算力产业的支持力度，重点投早、投小、投长 ...

Core Viewpoint - The digital economy sector is experiencing significant growth, driven by advancements in domestic computing power and strategic collaborations among industry players [1][2]. Group 1: Market Performance - As of September 16, 2025, the CSI Digital Economy Theme Index (931582) rose by 2.06%, with key stocks such as Loongson Technology (688047) increasing by 13.67% and Haiguang Information (688041) by 10.32% [1]. - The Digital Economy ETF (560800) also saw a rise of 2.02%, with a latest price of 1.01 yuan and a turnover rate of 2.77%, amounting to 20.32 million yuan in trading volume [1]. - Over the past month, the average daily trading volume of the Digital Economy ETF was 36.11 million yuan [1]. Group 2: Industry Developments - The "Haiguang System Interconnect Bus Protocol Open Ecological Seminar" was recently held, where Haiguang announced the opening of the CPU interconnect bus protocol (HSL) to enhance collaboration across the industry chain [1]. - The HSL protocol aims to position Haiguang CPUs as a foundational element for advanced computing systems, similar to NVIDIA's Grace CPU and Blackwell GPU architecture, potentially expanding market share in the domestic market [1]. - Minsheng Securities noted that the trend for domestic computing power is set to accelerate, supported by Alibaba's unexpected capital expenditure in Q2 and Haiguang's ambitious stock incentive plan [2]. Group 3: Index Composition - As of August 29, 2025, the top ten weighted stocks in the CSI Digital Economy Theme Index accounted for 53.36% of the index, including companies like Dongfang Wealth (300059) and Cambricon (688256) [2]. - The top ten stocks by weight are: Dongfang Wealth (10.51%), Cambricon (4.52%), and Haiguang Information (4.75%) among others [3].

Group 1 - Capital market reforms have intensified since last year, with a series of policies supporting mergers and acquisitions (M&A) to inject strong momentum into the high-quality development of listed companies [1][2] - As of September 11, 2025, over 220 A-share listed companies have disclosed M&A events and related progress, indicating sustained activity in asset restructuring [1][2] - The strategic direction of M&A among listed companies is evident, focusing on either cross-industry acquisitions for transformation or expanding a "second growth curve" based on core businesses [1][2] Group 2 - Transformational M&A has become a crucial option for companies facing performance pressure, exemplified by Jinpu Titanium's plan to exit the loss-making titanium dioxide business and acquire a 100% stake in a rubber products manufacturer [2][3] - Expansion-oriented M&A reflects companies' strategies to deepen their industry chains, as seen in Guotou Zhonglu's plan to acquire a 100% stake in a state-owned electronic engineering firm, marking a shift from consumer goods to high-end industrial services [2][3] Group 3 - The semiconductor industry is a focal point for A-share asset restructuring in 2025, with significant cases like SMIC's acquisition of a 49% stake in its subsidiary, enhancing its control over advanced production capacity [3][4] - Chip design firm Chipone's planned acquisition of a semiconductor company aims to strengthen its position in the RISC-V ecosystem, potentially reshaping the semiconductor IP landscape [3][4] Group 4 - The computing power industry is also witnessing major consolidations, such as Dongyangguang's planned acquisition of Qinhuai Data for 28 billion yuan, which will enhance regional layout and technological synergy [4][5] - The merger between Haiguang Information and Zhongke Shuguang is set to create the largest scale in the domestic computing power industry, combining strengths in chips and data center infrastructure [5][6] Group 5 - Several "mega" asset restructuring cases have emerged in 2025, including the merger of Guotai Junan and Haitong Securities, and China Shenhua's acquisition of subsidiaries from its controlling shareholder, with total assets reaching 258.36 billion yuan [5][6] - The predominant transaction method remains a combination of issuing shares and cash, accounting for approximately 60% of deals, which alleviates short-term funding pressure while aligning interests [5][6] Group 6 - The trend of share-swap mergers is increasing, with notable cases like the merger of Haiguang Information and Zhongke Shuguang, and the merger of China Shipbuilding and China Shipbuilding Heavy Industry [6][7] - These mergers are significant for eliminating competition among firms, enhancing governance efficiency, and improving collaboration across the industry chain [6][7] Group 7 - Currently, about 10% of restructuring cases are in the intention stage, while 30% have board and shareholder approvals, indicating that most projects have moved into substantive progress [6][7] - Approximately 14% of cases have been completed, while around 17% have been canceled or terminated due to market changes or unmet transaction conditions, reflecting a cautious market attitude amid stricter regulations [6][7]

Core Viewpoint - Skills are becoming a "passport" for survival in an increasingly complex environment, emphasizing the importance of education systems in developing countries to provide basic skills and discover talent [1] Group 1: Skills Development in Henan - The "14th Five-Year Plan" in Henan focuses on nurturing emerging industries and laying out future industries as key measures for building a modern industrial system and developing new quality productivity [2] - The number of skilled talents in Henan has seen rapid growth, with the province achieving national leadership in both total skilled talents and high-skilled talents [2][4] - The expansion and quality improvement of the skilled workforce in Henan are foundational for industrial transformation and development [2][4] Group 2: Impact of Skilled Workforce on Industries - Traditional industries, such as China Yituo, demonstrate the effectiveness of skilled talents, with a production rate of one tractor every three minutes and a skilled workforce of 5,858, where 60% are senior workers [2] - Emerging industries like BYD's Zhengzhou base have produced over 1 million vehicles since 2023, with a workforce of over 50,000, showcasing the balance between operational and skilled workers [3] - Future industries, such as Super Fusion Digital Technology Co., have contributed to the growth of the computing and AI sectors in Henan, with expected revenue surpassing 60 billion yuan this year [3] Group 3: Training and Development Initiatives - The "Skills Henan" initiative has provided skills training and evaluation services to over 15 million people since its launch in 2021, significantly enhancing the overall quality of the labor force [4] - The growth rate of skilled talents in the manufacturing sector in Henan has exceeded 10%, providing solid talent support for the province's trillion-level industrial clusters [4]

Core Viewpoint - Guizhou is leveraging its digital economy to drive high-quality development, showcasing significant growth in data-driven industries and infrastructure [1]. Group 1: Digital Economy Growth - Guizhou's digital economy has maintained a growth rate among the top in the country for nine consecutive years, with over 30,000 enterprises utilizing cloud services and software and information technology service revenue surpassing 100 billion yuan [1]. - The province is actively promoting the digital industrialization and industrial digitalization pathways, broadening its development landscape and building new advantages [1]. Group 2: Computing Power Development - The computing power in Guizhou has tripled, with outbound bandwidth expanded by 180 times and the number of servers increased by 700 times over the past decade [3]. - Guizhou has established a high-speed network connecting over 20 major cities, providing extensive storage and computing services to various sectors, including government and finance [3]. - As of July 22, Guizhou's computing power scale reached 85 EFLOPS, with intelligent computing accounting for over 98% [3]. Group 3: Data Value Extraction - Guizhou has been approved as a pilot province for data intellectual property in the industrial and information sectors, exploring data registration, pledge financing, and multi-scenario applications [4]. - A tourism company successfully secured 40 million yuan in pledge financing by registering its core data, demonstrating the potential of data as an asset [5]. - The province is developing a data factor ecosystem to optimize resources and unlock data value, collaborating with financial institutions for credit assessments based on energy consumption data [5][6]. Group 4: Industry Upgrading through Digitalization - Guizhou Tire Co. has implemented IoT and AI technologies in its manufacturing processes, significantly improving production efficiency and reducing quality defects [7]. - The company has achieved a 68% increase in labor productivity and a 34% reduction in inventory levels through digital transformation [7]. - Guizhou is focusing on key industries such as coal, chemicals, and power, creating high-quality data sets and replicable digital transformation solutions [8].

Core Insights - The 2025 China Computing Power Conference highlighted significant advancements in the country's computing power infrastructure, with 10.85 million standard racks in use and a computing power scale of 788 EFLOPS as of June 2025 [2][3] - Despite the growth in computing power, challenges remain in effectively utilizing these resources for high-quality development, indicating a need for a shift from merely building infrastructure to optimizing its use [2][5] Infrastructure Development - As of mid-2025, China has 10.85 million computing power center standard racks and 14,060 400G ports, with total storage exceeding 1,680 EB [2] - The average Power Usage Effectiveness (PUE) of computing centers has improved to 1.42, but this still lags behind the international benchmark of below 1.1 [3] Utilization Challenges - There is a significant disparity in the distribution of computing resources, with eastern regions being more developed compared to the rapidly growing but still underserved central and western regions [2][3] - The transition from having computing power to effectively utilizing it remains a challenge, with many enterprises unsure how to convert available resources into productive capabilities [3][5] Application and Demand - User demand is evolving from basic computing resources to more advanced capabilities such as knowledge base construction and model fine-tuning, but the supply side primarily focuses on basic services [3][4] - Key sectors like government, finance, and industry still show insufficient depth and breadth in computing power applications [4] Green Development - The computing power industry is energy-intensive, necessitating a shift towards green development, with examples of successful implementations like the advanced cooling technology reducing PUE to 1.04 [4] - However, the promotion of green computing faces challenges related to costs and technological barriers, requiring collaborative efforts from government, enterprises, and society [4] Future Directions - To enable high-quality development, it is crucial to bridge the gap in computing power utilization, enhance the integration of computing resources with industry needs, and promote green development [5] - The focus should be on ensuring that computing power is not just built but effectively utilized to drive economic growth [5]

Group 1 - Xinjiang has accelerated the cultivation of new productive forces by leveraging its resource endowments and industrial foundation, focusing on strategic emerging industries for high-quality development [1] - The wind power equipment manufacturing industry in Hami has seen significant growth, with 14 large-scale wind power enterprises established since 2012, making it the largest and most comprehensive wind power equipment manufacturing base in Xinjiang [2] - The localization rate of key components in wind turbine production reached 60% in 2014 and is expected to exceed 90% this year [2] Group 2 - Xinjiang's wind power industry has achieved large-scale and comprehensive development, with wind turbine production ranking first in the country [3] - The city of Karamay has attracted nearly 500 projects related to drones and AI software, showcasing its growing technological landscape [3] - Karamay has established six data centers, with a total computing power exceeding 17,000 P, leading in Xinjiang [3] - Strategic emerging industries in Xinjiang are on the rise, including the first domestic ultra-thin flexible electronic glass production line and the largest photovoltaic green hydrogen demonstration project [3] - In 2024, investment in high-tech industries in Xinjiang is projected to grow by 31%, with the added value of strategic emerging industries increasing by 21.6% [3]

Group 1 - The core viewpoint is that China's computing power industry is transitioning from a phase of scale expansion to a critical period of quality improvement, driven by government policies and significant investments in AI infrastructure [1] - The demand for liquid cooling technology is increasing as it addresses the challenges of high power density equipment cooling and reduces energy usage efficiency (PUE), highlighting its importance in the AI computing power landscape [1][2] - Major international players are significantly increasing their investments in AI computing power, with Trump planning to invest $17 trillion and Meta committing at least $600 billion by 2028, indicating a sustained trend of overseas investment in AI [1] Group 2 - The domestic computing power industry faces structural mismatches, with a projected demand of 300 EFLOPS by 2025, while supply remains uneven and difficult to manage, necessitating efficient cooling technologies [2] - Chilled water units play a crucial role in liquid cooling systems, impacting the cooling efficiency of data centers, as demonstrated by companies like Yingweike and Shenling Environment [2] - LianDe Co., Ltd. is positioned as a key player in the liquid cooling upstream market, producing chilled water units that cater to various cooling needs and have successfully served numerous data center projects [2] Group 3 - LianDe Co., Ltd. reported a revenue of 587 million yuan and a net profit of 109 million yuan in the first half of 2025, reflecting a steady growth despite challenges in the manufacturing sector, with over 50% of revenue coming from compressor components [3] - The company collaborates with leading temperature control firms globally, supplying precision compressor components for multiple AI data center liquid cooling projects, enhancing its market position [3] - LianDe is also establishing a factory in Mexico to better serve North American liquid cooling equipment manufacturers, aligning with the growing demand for computing power infrastructure [3] Group 4 - The liquid cooling industry is undergoing a critical upgrade from single-machine to cluster cooling systems, requiring higher precision and heat resistance in components [4] - The increasing domestic and international demand for liquid cooling will challenge upstream companies to enhance their market responsiveness [4] - LianDe Co., Ltd. aims to strengthen its collaboration with liquid cooling equipment manufacturers to improve product adaptability in high-density cooling scenarios, positioning itself to capitalize on the global infrastructure upgrade opportunities [4]