Group 1 - Data Port's stock price has declined for three consecutive days, with a total drop of 5.83%, currently trading at 24.06 CNY per share and a market capitalization of 17.284 billion CNY [1] - The company, Shanghai Data Port Co., Ltd., was established on November 18, 2009, and listed on February 8, 2017, primarily engaged in data center server hosting services and network bandwidth services [1] - The revenue composition of Data Port's main business includes 99.39% from IDC services, 0.47% from IDC solutions, and 0.14% from cloud sales [1] Group 2 - Among Data Port's top ten circulating shareholders, a fund under Huatai-PineBridge has increased its holdings by 545,700 shares, now holding a total of 1.8599 million shares, representing 0.31% of circulating shares [2] - The fund, Zhongzheng Shanghai State-owned Enterprise ETF (510810), has experienced a loss of approximately 911,400 CNY today and a total loss of 2.7713 million CNY during the three-day decline [2] - The fund was established on July 28, 2016, with a current size of 7.495 billion CNY, showing a year-to-date loss of 3.62% and a one-year return of 23.37% [2]

Group 1 - The Southern Runze Technology Data Center REIT is the first public REIT in the data center sector in China, marking a significant expansion of public REITs' underlying assets and filling a gap in the domestic market [1] - The fund has a total issuance scale of 1 billion shares, with 700 million shares (70%) allocated for initial strategic placement, including 340 million shares (34%) subscribed by the original equity holder Runze Technology Development Co., Ltd. and its affiliates [1] - The fund aims to revitalize high-quality existing assets, enhance asset turnover speed, and broaden financing channels for the company, ensuring sustainable long-term development [2] Group 2 - Runze Technology is a leading technology company in the comprehensive computing power center sector, having established seven AIDC intelligent computing infrastructure clusters across six major regions in China [2] - The global demand for computing power is experiencing explosive growth due to the expansion of AI model scales and digital transformation, with the domestic computing power industry expected to benefit significantly [2] - By 2025, Runze Technology is projected to have delivered a total of 19 computing power centers, leveraging its first-mover advantage in attracting top AI clients amid surging demand [3]

Legislative Progress - The "Beautiful Act" has passed the Senate with a narrow margin of 51 to 50, entering the final legislative phase [1][13] - The bill will undergo review in the House of Representatives, with potential for further amendments [1][13] - Three possible timelines for final passage: before July 4, mid-July, or late July to August [2][13] Content Adjustments - The Senate version increases the deficit by approximately $4.1 trillion over the next decade, $550 billion more than the House version [2][14] - Corporate tax cuts are expanded while personal tax cuts are reduced, favoring high-income earners [2][14] - Significant cuts to healthcare and welfare spending, with medical assistance cuts increasing from $800 billion to $930 billion [3][14] Economic Impact - The "Beautiful Act" is expected to moderately boost the U.S. economy, potentially increasing annual GDP growth by 0.2 percentage points from 2025 to 2027 [4][15] - The lowest 20% of income households may see a 2.9% decrease in income, while the highest 20% could experience a 1.9% increase [5][15] - Capital-intensive industries (manufacturing, data centers) are likely to benefit, while the renewable energy sector may face challenges due to reduced tax incentives [5][15]

陕甘宁边区是抗日战争时期中共中央领导全国人民抗战的中心，甘肃东部的庆阳市是陕甘宁边区的重要组成部分，也是陕甘宁边区的前身陕甘边革命根据地 的所在地。庆阳作为革命老区，见证了中国人民选择中国共产党、坚定不移跟党走的伟大历程。特别是党的十八大以后，脱贫攻坚顺利完成，乡村振兴如火 如荼，新质生产力正在推动庆阳发生着巨变，在新时代不断焕发着新活力。 夏收时节，黄土高原上的庆阳市一片忙碌。80年来，有一首歌一直在这里传唱不息，就是这首人们耳熟能详的《军民大生产》。 总台记者安文剑：这首《军民大生产》就改编自庆阳当地的民歌《推炒面》，抗日战争进入相持阶段以后，根据地的财政日益困难，而在陕甘宁边区的军民 就是靠自己的双手，打破了敌人的封锁。 在抗日战争时期，陇东作为陕甘宁边区的西大门，一方面拱卫延安，一方面积极生产，支持抗日事业。 南梁干部学院副院长张全钰：庆阳地区先后有3000多名青年参加八路军，奔赴抗日前线，庆阳也是被称为"陇东粮仓"，作为陕甘宁边区的重要组成部分，在 抗战时期，据不完全统计，先后提供公粮达到了2亿多斤，为我们的陕甘宁边区和抗日战争也提供了丰厚的物资保障。 传承红色精神，缅怀革命先烈。战争的硝烟虽然已经 ...

Group 1 - The final offering price for the Southern Data Center Closed-End Infrastructure Securities Investment Fund (C-REIT) is set at RMB 3 per share [1] - C-REIT will issue a total of 800 million shares, representing 100% of the shares issued after the IPO completion [1] - The total amount raised by C-REIT is RMB 2.4 billion [1] Group 2 - The implied EV/EBITDA based on the final offering price is 16.9 times, with an implied dividend yield of 5.2% per share [1] - The company will sell 100% equity of a project company holding stable data center assets with a total enterprise value of approximately RMB 2.319 billion [1] - After the sale, the company will receive net cash proceeds totaling approximately RMB 2.111 billion [1] Group 3 - The company plans to reinvest RMB 480 million to subscribe for 20% of the shares issued in the C-REIT IPO [1]

数据港（603881）公告，股东宁波锐鑫计划通过集中竞价及大宗交易方式减持不超过1249.98万股公司 股份，占公司总股本的1.74%。截至本公告披露日，宁波锐鑫直接持有数据港股份1.05亿股，占公司总 股本的14.61%。此外，股东上海旭沣计划通过集中竞价交易方式减持不超过185.03万股公司股份，占公 司总股本的0.26%。 ...

Core Insights - The article discusses the recent developments in industrial park policies, focusing on the need for high-quality growth and strict control of new industrial park increments [3][5][6] - It highlights the ongoing challenges in the industrial sector, including a slowdown in industrial value-added growth and continuous negative growth in the Producer Price Index (PPI) [11][14] Policy Developments - Six policy dynamics were recorded during the reporting period, primarily aimed at promoting high-quality development of industrial parks and controlling their increments [3][5] - A notable policy from Jinan, Shandong, emphasizes strict control over the increment of industrial standard factory projects, marking a shift towards more direct measures in response to national guidelines [6][7] - The policy aims to optimize existing industrial space and restrict new industrial standard factory area indicators, except for key projects [6][8] Economic Indicators - The industrial value-added growth rate for May 2025 was reported at 5.8% year-on-year, with a month-on-month increase of 0.61% [3][11] - The Consumer Price Index (CPI) showed a month-on-month decrease of 0.2% and a year-on-year decrease of 0.1% in May 2025, while the core CPI rose by 0.6% [13][14] - The PPI has recorded negative growth for 32 consecutive months, indicating ongoing deflationary pressures in the industrial sector [14] Industry Trends - The article notes a shift in the招商模式 (investment attraction model) from "tax-based" to "talent-based," driven by the demand for high-end talent due to industrial upgrades [20] - The establishment of the Pasini Embodied Intelligence Super Data Factory aims to enhance the supply of high-quality training data for the embodied intelligence industry, addressing a critical bottleneck in the sector [18][19] - The report mentions the approval of several REITs focused on data centers, which are expected to improve financing channels for private technology enterprises [21][22] Investment Events - The report recorded 10 investment events, primarily in smart manufacturing and data center sectors, indicating a growing interest in these areas [18] - A significant investment event in Guangzhou resulted in the signing of 20 industrial projects worth over 15.4 billion yuan, focusing on digital economy and smart city initiatives [20]

Group 1: Elderly and Child Care - A total of 7 national standards were released for home-based elderly meal services, rehabilitation aids in elderly care institutions, and convenient services on medical insurance platforms, addressing the needs of elderly care and medical security [2] - 9 national standards were introduced to enhance product packaging safety, particularly for children, including requirements to prevent children from opening packaging [2] - 4 national standards were established to improve the aging-friendly features of products and enhance anti-counterfeiting technology [2] Group 2: Daily Life - 2 national standards were published for oral hygiene products, focusing on calcium silicate and toothpaste abrasion testing methods to protect public oral health [3] - 3 financial service national standards were introduced, including a unique product identification code and descriptions of banking services, supporting financial security and high-level financial openness [3] - 2 national standards were released for emergency management and urban power service continuity guidelines, enhancing emergency response capabilities and promoting resilient city construction [3] Group 3: Emerging Industries - 7 national standards were published in areas such as artificial intelligence, information technology, and the Internet of Things, providing technical support for digital service capabilities [4] - 5 national standards were established for data centers and cybersecurity technologies, facilitating deeper interconnectivity in the digital economy [4] - 2 national standards were introduced for electric earth-moving machinery safety and battery swap systems, aiding the green transformation of traditional industries [4] Group 4: Transportation and Energy - 12 national standards were released for waterway passenger transport services, road traffic signs, fuel consumption evaluation methods for passenger cars, and automotive maintenance, providing technical support for transportation safety [5] - 14 national standards were published for ship soft ladders, propellers, and buoyancy materials for submersibles, enhancing quality and efficiency in the shipbuilding industry [5] - 2 national standards for ethanol gasoline and its blending components were introduced, ensuring the stability of fuel quality [5]

Core Viewpoint - The rapid development of emerging technologies such as AI and large models has led to unprecedented high-density computing demands and energy consumption challenges for data centers, making green energy-saving technologies essential for sustainable development [1] Group 1: Standard Setting - The national standard GB/T 44989-2024 "Green Data Center Evaluation" was officially implemented on June 1, marking a new phase of standardization and normalization in the green development of data centers in China [2] - The company, as a key participant in the standard, provided practical suggestions for key indicator setting, energy efficiency evaluation systems, and green operation paths, showcasing its professional influence in green data center construction [2] Group 2: Technological Innovation - The company has developed a diverse energy-saving product system to address the cooling needs of high-density cabinets, including liquid cooling systems that can achieve a PUE of less than 1.1, significantly reducing cooling energy consumption [4] - The introduction of natural cooling sources through the fluorine pump natural cooling unit enhances annual operational efficiency, particularly in mid-to-high latitude regions, demonstrating the company's refined layout in energy-saving technology [4] - The company's intelligent monitoring platform integrates advanced AI algorithms for real-time monitoring and predictive maintenance of equipment status and energy consumption data, enhancing operational intelligence and ensuring efficient data center operations [4] Group 3: Demand Focus - The company is actively responding to national strategic deployments by focusing on the construction needs of intelligent computing centers, creating customized and replicable infrastructure solutions centered on "green + intelligent + efficient" [5] - The customized solutions have demonstrated exceptional technical strength and service capability in various national green data center construction projects, helping clients achieve green transformation and efficiency improvements [5] - The company aims to deepen technological innovation and promote the integration of cutting-edge technologies such as liquid cooling and AI operations, contributing to the high-quality and sustainable development of the data center industry [5]

Core Viewpoint - The article highlights the transformation and development of Qingyang, a revolutionary old district in the Shaanxi-Gansu-Ningxia border area, showcasing its historical significance during the Anti-Japanese War and its current economic growth driven by agriculture and digital economy initiatives [1][3][9]. Economic Development - Qingyang has maintained a stable grain planting area of over 5.9 million mu, contributing to its reputation as the "grain warehouse of Longdong" [3]. - The primary industry added value in Qingyang increased from 7.393 billion yuan in 2012 to 13.247 billion yuan in 2024, representing a growth of 79.1% [9]. - The per capita disposable income of rural residents rose from 4,262.4 yuan in 2012 to 14,200 yuan in 2024, marking an increase of 233.1% [9]. - In 2024, Qingyang's GDP is projected to reach 121.322 billion yuan, with a year-on-year growth of 5.1%, and a total increase of 127% since 2012 [9]. Agricultural Innovation - The development of specialty industries, including vegetables, apples, and livestock, has significantly improved the income of local farmers, with per capita net income exceeding 18,000 yuan [7][9]. - The village of Liling has seen infrastructure improvements, including road construction and access to tap water, enhancing the quality of life for residents [7]. Energy and Digital Economy - Qingyang has established large-scale integrated energy bases for wind, solar, and thermal power, contributing to the region's energy supply [12]. - The "East Data West Computing" project has positioned Qingyang as one of the top ten data center clusters in the country, with a tenfold increase in computing power since early 2024 [14]. - Qingyang is now a crucial part of the national integrated computing power network, transitioning from historical agricultural contributions to modern digital resources [15].