8月6日消息，据国家数据局消息，全国数据标准化技术委员会秘书处近日面向社会公开征求《全国一体 化算力网 智算中心算力池化技术要求》《全国一体化算力网 安全保护要求》2项技术文件意见。至此， 全国一体化算力网9项技术文件已全部发布，全国一体化算力网标准体系建设基本完善。下一步，国家 数据局将指导全国数标委秘书处组织做好技术文件意见收集及修改完善工作，加快系列技术文件的落地 实施，推动构建联网调度、普惠易用、绿色安全的全国一体化算力网，助力网络强国、数字中国建设， 着力打造全国统一大市场建设的数字基座。 这9项技术文件的研制，旨在推进全国一体化算力网建设，涵盖算力池化、资源调度、安全防护等核心 领域，标志着全国一体化算力网建设从谋划布局阶段进入到落地应用阶段。全国一体化算力网建设是国 家"东数西算"工程的核心组成部分，文件制定将统一技术接口（如算力标识和监测协议），降低企业互 操作成本，助力全国算力"一张网"形成。 根据《关于深入实施"东数西算"工程加快构建全国一体化算力网的实施意见》，到2025年底，国家枢纽 节点新增算力占全国60%以上，用户成本降低、安全协同机制初步成型。 证券时报表示，数据中心产业链（制冷 ...

Core Insights - Century Internet (VNET) experienced a 2.04% increase in stock price, reaching $7.99 per share with a total market capitalization of $2.15 billion as of August 6 [1] - As of March 31, 2025, Century Internet reported total revenue of 2.246 billion RMB, reflecting an 18.34% year-on-year growth, while net profit attributable to shareholders was -238 million RMB, a decrease of 27.03% year-on-year [1] Company Overview - Founded in 1996, Century Internet is a leading digital infrastructure company in China and the first IDC company listed on the US stock market, focusing on both "base-type + city-type" IDC business models [2] - The company provides advanced data center services, intelligent computing centers, and comprehensive cloud computing solutions, aiming to build a robust digital infrastructure platform with core technology and large-scale operational capabilities [2] Operational Capacity - Century Internet operates over 50 data centers across more than 30 cities in China, with a base-type business operational capacity exceeding 480 MW and over 52,000 cabinets in city-type operations [3] - The company has established large-scale data center industry clusters in key regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macao, facilitating smooth data migration from first-tier to edge cities [3] Strategic Partnerships - As a strategic partner of Microsoft, Century Internet operates international-standard cloud services including Microsoft Azure, Microsoft 365, Dynamics 365, and Power Platform in China [3] - The company has built a solid foundation for business development for over 6,000 high-quality enterprise clients, including nearly 100 leading companies in high-growth industries, leveraging its strong resources and operational capabilities [3]

自 2022年以来，阿波罗管理的基金已向其所谓的"下一代基础设施投资"领域投入了约380亿美元，这些 投资涵盖可再生能源和数字平台等领域。 今年1月，该公司同意收购Argo Infrastructure Partners——该公司专注于投资数字基础设施、可再生能 源、交通运输及其他行业。 阿波罗公司总裁Jim Zelter在周二的财报电话会议上向分析师们强调："我们特别看好在人工智能基础设 施项目方面的融资机会。"他指出，这些项目的很大一部分都需要私募资金的支持。 Stream Data Centers负责建设、租赁、管理和运营大型数据中心园区。该公司已与包括信安资产管理 (Principal Asset Management)在内的多家投资者合作，共同开发了超过20个园区。与阿波罗公司的合作 将推动在芝加哥市区、亚特兰大和达拉斯的数据中心业务发展。 阿波罗全球管理公司(APO.US)同意收购Stream Data Centers的多数股权，这是这家另类资产管理公司首 次进行此类收购行动，此举旨在利用数字基础设施需求激增的契机实现发展。这家资产管理公司在周三 的一份声明中表示，该协议将使阿波罗管理的基金有可能 ...

Financial Performance - The company achieved record financial performance with revenue increasing 12% to $1.7 billion, adjusted EBITDA growing 15% to $628 million, and AFFO increasing 15% to $370 million [6][21][22] - Adjusted EBITDA margin improved to 36.7%, up 120 basis points year on year, reflecting operational strength across the business [23] Business Line Performance - The Global Records and Information Management (RIM) business achieved record revenue of $1.32 billion, driven by revenue management and digital solutions, with organic storage revenue up 6% year on year [24] - The data center business reported total revenue of $189 million, a 24% increase, with organic storage rental growth of 26% [26][27] - The Asset Lifecycle Management (ALM) business saw total revenue of $153 million, a 70% year-on-year increase, with 42% organic growth [29] Market Performance - The data center market remains strong, with pricing trends favorable and a leasing backlog in key markets such as Northern Virginia and Richmond [14][17] - The company is positioned to capitalize on significant growth opportunities in India through the acquisition of CRC India, enhancing its digital product portfolio [12][13] Company Strategy and Industry Competition - The company is focused on driving double-digit revenue growth supported by cross-selling opportunities in fragmented markets [35] - The strategic emphasis on AI-powered digital solutions is positioning the company as a leader recognized by customers and industry analysts [6][12] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in sustaining double-digit revenue and profit growth, supported by strong customer relationships and operational execution [20] - The company increased its financial guidance for the year, expecting total revenue between $6.79 billion and $6.94 billion, reflecting strong second-quarter results [32][34] Other Important Information - The company invested $477 million in the second quarter, with $442 million allocated to growth CapEx [30] - The quarterly dividend was declared at $0.0785 per share, maintaining a payout ratio of 63% [30] Q&A Session Summary Question: Data center signings came in lighter than expected; can you elaborate on the slowdown? - Management noted that while the market remains strong, customers have prioritized large campuses for AI, which has shifted focus back to the company's offerings [37][38] Question: Is the slowdown in data center leasing just timing? - Management confirmed that the focus on large language models has impacted leasing but expressed confidence in future growth due to available power and upcoming projects [40][42] Question: Can you break down the ALM growth in the quarter? - Management indicated that growth was balanced across enterprise and data center channels, with volume being the primary driver [50][51] Question: What are the dynamics in the hyperscale decommissioning sector? - Management highlighted the company's competitive advantages in secure chain of custody and global presence, which are appealing to customers [56][59] Question: Can you discuss the growth in the digital business? - Management emphasized the unique capabilities of the DXP platform in managing unstructured data, driving strong growth in the digital segment [86][88]

(二)本次实际减持情况与此前披露的减持计划、承诺是否一致 √是 □否 (三)减持时间区间届满，是否未实施减持 □未实施 √已实施 (四)实际减持是否未达到减持计划最低减持数量（比例） □未达到 √已达到 (五)是否提前终止减持计划 □是 √否 特此公告。 上海数据港股份有限公司董事会 —3— 证券代码：603881 证券简称：数据港 公告编号：2025-028 号 上海数据港股份有限公司 部分股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 股东持股的基本情况 本次减持计划实施前，上海旭沣商务信息咨询合伙企业（普通合伙） （以 下简称"上海旭沣"）直接持有上海数据港股份有限公司（以下简称"数 据港"或"公司"）股份 1,850,285 股，占本公司总股本的 0.26%。 ? 减持计划的主要内容 上海旭沣计划通过集中竞价交易方式，减持总数不超过 1,850,285 股 公司股份，即公司总股本的 0.26%；减持期间自公司减持计划公告披露 之日起十五个交易日后的一个月内，减持价格视 ...

Group 1 - The company Data Harbor (SH 603881) announced on August 6 that Shanghai Xufeng plans to reduce its holdings by a maximum of 1,850,285 shares through centralized bidding [1] - By August 6, 2025, the reduction plan was fully implemented, with approximately 1.85 million shares sold, accounting for 0.26% of the company's total share capital [1] - As of the report date, Data Harbor's market capitalization stands at 19 billion yuan [1] Group 2 - For the fiscal year 2024, Data Harbor's revenue composition is as follows: IDC services account for 99.39%, IDC solutions for 0.47%, and cloud sales for 0.14% [1]

Group 1: AI-Driven Growth in Major Companies - Major cloud companies like Microsoft, Google, Amazon, and Meta have reported significant revenue growth driven by AI since July [1] - Google achieved revenue of $96.428 billion in FY25Q2, a 14% year-over-year increase, with cloud revenue growing 32% to $13.6 billion [2] - Microsoft reported FY25 revenue of $281.724 billion, a 14.93% increase, with cloud revenue reaching $106.2665 billion, up 21% [2] - Meta's FY25Q2 revenue was $47.5 billion, a 22% increase, with net profit growing 36% [3] - Amazon's FY25Q2 revenue reached $167.7 billion, a 13% increase, with AWS revenue at $30.87 billion, up 18% [3] Group 2: Capital Expenditure Trends - Google increased its FY25 capital expenditure forecast from $75 billion to $85 billion, with $22.4 billion spent in FY25Q2 [4] - Microsoft's FY25 capital expenditure was $88.2 billion, a 58.35% increase, with Q4 spending at $24.2 billion [4] - Meta's FY25Q2 capital expenditure was $17 billion, a 100% increase, with a forecast of $66-72 billion for the fiscal year [4] - Amazon expects Q3 FY25 net sales between $174 billion and $179.5 billion, a 10%-13% year-over-year growth [4] Group 3: Data Center Expansion and Technology Advancements - The global data center market is projected to exceed $108.6 billion in 2024, with a 14.9% year-over-year growth [6] - Data center scale is expected to grow at a double-digit rate from 2025 to 2027, reaching $163.25 billion by 2027 [6] - Microsoft has established over 400 data centers across 70 regions, with a focus on liquid cooling technology [6] - The global liquid cooling market is anticipated to surpass 200 billion yuan in 2025, with China accounting for 35% [6] Group 4: AI Hardware Performance Improvements - AI hardware performance is experiencing exponential growth, with a 43% annual compound increase in floating-point operations [5] - The cost per FLOP is decreasing by 30% annually, contributing to enhanced energy efficiency for training large models [5] - Technologies like tensor core applications are significantly improving performance, achieving up to 59 times the performance of traditional methods [5]

Group 1 - The company's stock price closed at 16.90 yuan on August 5, down 0.53% from the previous trading day [1] - The trading volume on that day reached 202 million yuan, with a turnover rate of 2.02%, maintaining a total market capitalization of 10.291 billion yuan [1] - The company's main business is IDC, which accounted for 97.96% of its revenue in the 2024 annual report [1] Group 2 - In the first quarter of 2025, the company achieved operating revenue of 420 million yuan and a net profit attributable to shareholders of 18.22 million yuan [1] - On the evening of August 5, the company announced that its fifth board of directors held its nineteenth meeting, approving several resolutions, including amendments to relevant systems and the repurchase and cancellation of some restricted stocks [1] - The meeting decided to appoint Fu Yi as the company's securities affairs representative, who holds 2,500 shares of the company and has obtained the necessary qualifications for the position [1]

Investment Rating - The report indicates a selective recovery in capital expenditures in Europe expected after 2026, driven by energy transition, security demands, and government support [1][2][4]. Core Insights - European capital expenditures as a percentage of sales reached a historical low in 2023, but are projected to rebound selectively post-2026 due to structural factors and government incentives [1][2][4]. - Global capital expenditure growth is expected to be slightly below 5% in 2025, up from 4% in 2024, with large project orders being delayed rather than canceled [1][6]. - Key growth areas identified include data centers, utilities, and defense sectors, driven by electrification, artificial intelligence, and government support [1][7][21]. Summary by Sections Current Investment Trends - European companies have historically focused on shareholder returns through dividends and buybacks, resulting in lower capital expenditures [2]. - Despite macroeconomic uncertainties, there is renewed investment demand in capital-intensive industries driven by themes such as energy transition and digitalization [3][4]. Sector Performance - The technology sector, particularly data centers and semiconductors, has maintained stable growth of over 15% in the past two years [8]. - Utilities, especially in the power grid sector, have shown mid to high single-digit growth, while mining capital expenditures are projected to grow at 7% [8][18]. Future Opportunities - Significant growth is anticipated in data centers, utilities, and defense sectors, with specific investment baskets available for targeted exposure [7][28][32]. - Companies like Schneider and Legrand are highlighted as key players in the data center market, while Atlas Copco is noted for its strong growth potential in the semiconductor sector [17][26]. Challenges and Market Dynamics - Traditional heavy industries and consumer-related sectors are experiencing weaker performance, with food and beverage industries showing below-average prospects [9]. - Tariff issues have impacted large project investment decisions, but resolving these could lead to a resurgence in capital expenditures in 2026 [13][34]. Investment Baskets and Strategies - Various investment baskets are recommended for capital expenditure beneficiaries, including those focused on defense, AI infrastructure, and broader capital spending themes [30][31][32]. - The report emphasizes the importance of focusing on thematic trends rather than individual company performance in the current economic environment [27].

Group 1 - The core viewpoint of the news highlights the financial performance and market position of Century Internet (VNET), indicating a revenue growth but a decline in net profit [1][2] - As of August 5, 2023, Century Internet's stock opened at $7.82 per share, with a market capitalization of $2.104 billion and a trading volume of $18.5594 million [1] - The company reported total revenue of 2.246 billion RMB for the fiscal year ending March 31, 2025, representing an 18.34% year-on-year increase, while the net profit attributable to shareholders was -238 million RMB, a decrease of 27.03% year-on-year [1] Group 2 - Century Internet, established in 1996, is a leading digital infrastructure company in China and the first IDC company listed on the US stock market, focusing on both base-type and city-type IDC business models [2] - The company operates over 50 data centers across more than 30 cities in China, with a base-type operational capacity exceeding 480 MW and over 52,000 city-type cabinets [3] - As a strategic partner of Microsoft, Century Internet provides international standard cloud services such as Microsoft Azure and Microsoft 365, supporting over 6,000 high-quality enterprise clients [3]