Group 1 - The company is actively expanding its market and business layout around the development opportunities of the Shaoguan data center cluster [2] - The company's wholly-owned subsidiary, Shaoguan Luyuan Langkun Technology Co., Ltd., is focusing on server sales and has signed small batch orders with partial deliveries [2] - Currently, this business has not significantly impacted the company's operating performance, and future project progress will be disclosed in accordance with relevant laws and regulations if it meets disclosure standards [2]

Core Insights - The company has launched a full lifecycle service for liquid-cooled data centers, indicating a strategic move towards advanced cooling solutions in the data center industry [1] - The company has developed both cold plate and immersion liquid cooling products, with liquid-cooled computing containers already exported overseas, showcasing its international market reach [1] - A pilot project for a decoupled liquid cooling system has been established for China Mobile's Yangtze River Delta (Suzhou) data center, highlighting the company's innovative approach to infrastructure [1] - The company has created a highly decoupled system architecture for China Mobile's Intelligent Computing Center (Nanjing), which aligns with leading domestic liquid cooling servers, further establishing industry benchmarks [1] - In collaboration with Muxi Co., the company has introduced a high-density liquid-cooled computing POD, specifically designed for high-performance GPU server clusters, demonstrating its commitment to R&D in next-generation infrastructure [1]

Core Viewpoint - The article emphasizes the importance of integrating power and computing capabilities in data centers, highlighting that understanding both electricity and internet technologies is crucial for success in the industry [4][23]. Group 1: Technology and Innovation - The company focuses on efficiently converting electricity into computing power, which is seen as the fundamental principle of data centers [4][10]. - There is a strong emphasis on technological innovation, particularly in cooling technologies and modular solutions to meet increasing customer demands [11][14]. - The company aims to leverage AI for operational efficiency, including predictive maintenance and intelligent monitoring [12][15]. Group 2: Market Dynamics and Customer Relationships - The data center industry is experiencing challenges such as market oversupply and customer churn, which underscores the high technical requirements of the sector [5][8]. - The company maintains a symbiotic relationship with major clients, with over 80% of revenue coming from a few large customers, which helps in stabilizing its business model [8][40]. - The company avoids price wars and focuses on long-term, sustainable projects that provide reasonable returns, rather than short-term gains [29][31]. Group 3: Strategic Positioning - The company has positioned itself in the top tier of the domestic large-scale data center market since its establishment in 2015, benefiting from early investments in energy-efficient technologies [8][36]. - The company has a zero-retention history, indicating strong customer loyalty and effective service delivery [42]. - The strategic focus on high-density power requirements and green energy solutions differentiates the company from competitors who may not meet these standards [41][46]. Group 4: Future Outlook - The integration of power and computing is viewed as a key differentiator for future success in the data center industry, especially with the rise of AI and high-performance computing [20][46]. - The company anticipates that the demand for computing power will continue to grow, driven by advancements in AI and digital transformation across industries [48][50].

天眼查商业履历信息显示，广东奥飞数据科技股份有限公司，成立于2004年，位于广州市，是一家以从 事研究和试验发展为主的企业。企业注册资本98512.0168万人民币，实缴资本1000万人民币。公司法定 代表人为冯康。 通过天眼查大数据分析，广东奥飞数据科技股份有限公司共对外投资了41家企业，参与招投标项目73 次，知识产权方面有商标信息18条，专利信息50条，此外企业还拥有行政许可29个。 来源：金融界 资金流向方面，今日主力资金净流入4545.57万元，占比成交额4.02%。其中，超大单净流入6278.55万 元、占成交额5.56%，大单净流出1732.98万元、占成交额1.53%，中单净流出流出104.37万元、占成交 额0.09%，小单净流出4441.20万元、占成交额3.93%。 奥飞数据最新一期业绩显示，截至2025一季报，公司营业总收入5.36亿元、同比增长40.62%，归属净利 润5174.76万元，同比增长2.47%，扣非净利润5461.34万元，同比增长2.29%，流动比率0.559、速动比率 0.544、资产负债率72.70%。 金融界消息 截至2025年7月31日收盘，奥飞数据（3007 ...

格隆汇7月31日丨首都在线(300846.SZ)在投资者互动平台表示，海南封关作为国家重大战略，将为文昌 航天超算数据中心带来重要发展机遇。公司将结合政策导向、市场需求及场景拓展，审慎决定数据中心 扩容与算力升级。海南封关后将形成"境内关外"监管模式，根据规划，未来将有二十余条国际海缆直通 海南，覆盖东南亚核心经济圈，构建"一带一路"数据经济跨境互联互通网络，夯实区域数据枢纽地位。 公司文昌航天超算中心位于海南自贸港重点园区，深度享受政策红利。海南依托国际海缆，目前已实现 与香港及东南亚地区的高效连接，相较于东南亚出海常用的新加坡节点，海南在成本控制与服务响应效 率上的性价比优势显著。 ...

Core Viewpoint - The company is strategically positioned to leverage the opportunities arising from the Hainan Free Trade Port, particularly in expanding its data center capabilities and enhancing computational power to meet increasing demand for cross-border data flow and computing resources [1] Group 1: Company Strategy - The company acknowledges the significant development opportunities presented by the Hainan Free Trade Port, particularly for the Wenchang Aerospace Supercomputing Data Center [1] - Future decisions regarding data center expansion and computational upgrades will be made cautiously, taking into account policy guidance, market demand, and scenario expansion [1] Group 2: Market Positioning - The establishment of a "domestic outside" regulatory model post-Hainan's customs closure will facilitate over twenty international submarine cables directly connecting to Hainan, covering key economic areas in Southeast Asia [1] - The company’s Wenchang Aerospace Supercomputing Center is located in a key park within the Hainan Free Trade Port, allowing it to benefit significantly from policy incentives [1] - Hainan has achieved efficient connectivity with Hong Kong and Southeast Asia through international submarine cables, offering notable cost control and service response efficiency advantages compared to the commonly used Singapore node for Southeast Asian outbound data [1]

Group 1 - KKR and ECP are launching a joint $4 billion data center project [1] - The project aims to capitalize on the growing demand for data storage and processing capabilities [1] - This initiative reflects the increasing investment interest in the data center sector, driven by digital transformation trends [1] Group 2 - The collaboration between KKR and ECP signifies a strategic move to enhance their portfolios in the technology infrastructure space [1] - The data center project is expected to contribute significantly to the regional economy and create job opportunities [1] - This investment aligns with global trends where data centers are becoming critical for businesses and consumers alike [1]

从技术走势来看，指数如我们昨天文章提示一样，突破短期的30分钟级别下跌通道线后出现回踩确认的走势，盘中虽然出现跳水但也没有出现破位表现，所 以目前来看指数趋势性支撑依旧有效，但创业板和科创板的短期趋势在午后跳水中已经有破位的表现，一旦继续回调很可能会影响大盘整体节奏，所以本周 后半周指数更多以震荡为主，目前指数重回均线后，依旧可以首先关注均线支撑3605点。 板块梳理 最近路透社新闻称，英伟达上周向台积电订购30万颗H20，主要系中国市场强劲需求促使其改变原有仅依赖库存的计划。 图解大盘 指数冲高回落，再收3636一个对子顶，两市3500家公司待涨，市场近两天都在涨指数而个股严重分化，造成这种现象的一部分原因取决于近期连续大涨的双 创开始出现了较大幅度的调整，市场又回归权重领涨的分化局面，很多股民现在的心声，还我熊市，再牛下去账户要亏完了，面对这种局面当下操作只有一 个，就是顺势而为，手中个股趋势在持股，趋势破位走人，耐心等待市场普涨行情出现。 今晚，美联储主席鲍威尔可能将遭遇自7年前就任以来，阻力最大的一场美联储利率决议，目前美联储在今晚议息会议上降息的可能性仅有可怜的2.6%！市 场普遍预计，美联储将连续 ...

Investment Rating - Investment recommendation: Outperform the market (maintained) [7] Core Insights - The further popularization of AI applications is driving a new wave of data center construction. The domestic data center construction demand is categorized into six major areas: internet, operators, IDC manufacturers, finance, government, and others. It is estimated that from 2024 to 2027, the three-year CAGR for newly added data center power in China will be 37.0%, creating investment opportunities in supporting equipment such as liquid cooling, HVDC, and server power supplies [4][8]. Summary by Sections 1. AI Driving a New Wave of Data Center Construction - The overall scale of data centers in China continues to grow, with the number of standard racks exceeding 9 million by 2024, a year-on-year increase of over 11%. The PUE value has been decreasing, reaching approximately 1.48 in 2023 [17][19]. - The AI data center constitutes a significant portion of the growth, with an expected addition of 3.6GW in 2025, representing a year-on-year increase of 220%, and 9.9GW in 2027 [8][75]. 2. Multi-Industry Demand Resonance Enhancing Computing Infrastructure Space - Internet capital expenditure is on the rise, with Alibaba and Tencent's combined capital expenditure reaching approximately 52.1 billion yuan in Q1 2025, a year-on-year increase of about 112% [10][51]. - The three major telecom operators are increasing their computing-related investments, with a total of approximately 85.9 billion yuan in 2024, a year-on-year growth of 25% [11][54]. - IDC manufacturers are ramping up project construction and resource reserves, with five key companies' capital expenditures totaling approximately 17.2 billion yuan in 2024, a year-on-year increase of 17.8% [12][63]. 3. Investment Recommendations: Focus on Leading Companies in Each Segment - As the shipment of next-generation high-performance computing chips accelerates, the penetration rate of AI data centers is expected to rise rapidly, leading to increased demand and technological iterations in multiple areas such as liquid cooling and HVDC [13][78].

此外，展会期间还将举办"蒙古国日"主题活动、"科技与创业论坛"、中蒙企业对接会以及丰富多彩的文 化交流活动。 商务部副部长鄢东表示，本届中蒙博览会将突出区域性、开放性和多元性，着力打造国家向北开放新平 台、区域产业链供应链合作新纽带、东北亚区域合作新支点。博览会不仅立足中蒙合作，还辐射东北亚 地区和共建一带一路国家，参与国家和人员逐年增加，对推动区域经贸合作发挥了重要作用。 （总台央视记者 丁雅妮 张歆） 责编：黄之安、卢思宇 商务部今天举行新闻发布会介绍，第五届中国—蒙古国博览会将于8月25日至29日在内蒙古呼和浩特举 办。 据介绍，第五届中蒙博览会以"深化互利合作 推进合作共赢"为主题，设置了多个行业专业馆，将汇聚 国内外1500多家企业。 本届博览会设置了绿色算力与人工智能展区，重点呈现"东数西算"解决方案、蒙古国新能源数据中心规 划等内容。在新能源、现代煤化工领域，聚焦中蒙电力跨境输送及相关技术，集中展示30多项行业领先 成果。中蒙在环保、可持续发展和技术创新等领域的合作，将成为本届博览会的一大亮点。 ...