Core Viewpoint - The company *ST Chuangxing announced that its chairman Liu Peng is under investigation by the police, and during his absence, Yang Zhe will act as the chairman and legal representative of the company [2][3]. Group 1: Management Changes - Liu Peng, the chairman of *ST Chuangxing, is currently cooperating with an investigation by the Hangzhou Public Security Bureau, which is unrelated to the company [2]. - Yang Zhe, who has been with *ST Chuangxing for less than a year, will assume the responsibilities of chairman and legal representative until Liu Peng resumes his duties or a new chairman is elected [2]. - Yang Zhe faced opposition when appointed as the company president last December due to concerns about his lack of experience in listed companies [3]. Group 2: Shareholder and Control Changes - The company's former controlling shareholder, Zhejiang Huqiao Industrial Co., Ltd., is under investigation for suspected fundraising fraud, leading to the freezing of its shares [3]. - Following a judicial auction, Huqiao Industrial's shareholding in *ST Chuangxing decreased from 23.90% to 8.15% [4]. - The new controlling shareholder is Wang Xiangrong, who indirectly controls 9.88% of the company through other entities [5]. Group 3: Financial Performance - For the first half of the year, *ST Chuangxing reported a revenue of approximately 374,000 yuan, a 99% decrease year-on-year, and a net loss attributable to shareholders of 13.71 million yuan, with losses expanding compared to the previous year [6]. - As of September 18, the stock price of *ST Chuangxing was 4.28 yuan per share, reflecting a decline of 2.28% [6].

Company Management and Governance - *ST Chuangxing's chairman Liu Peng is under investigation by the Hangzhou Public Security Bureau, but the investigation is unrelated to the company [1] - During Liu Peng's absence, Yang Zhe, the company's general manager, will act as chairman and legal representative [1] - Yang Zhe faced opposition when appointed as president due to concerns over his lack of experience in listed companies [1] Financial Performance - In the first half of the year, the company reported revenue of approximately 374,000 yuan, a decrease of 99% year-on-year [3] - The net profit attributable to shareholders was -13.71 million yuan, with a non-recurring net profit of -13.98 million yuan, both showing an expanded loss compared to the previous year [3] - The company's net assets decreased by 13.22% to approximately 89.87 million yuan, and total assets decreased by 7.61% to approximately 528.85 million yuan [3] Business Operations - The company's construction business has not signed new contracts or generated new revenue during the reporting period, primarily relying on past related transactions [3] - The mobile information services and computing power services have been adjusted due to temporary financial pressures and personnel configuration, resulting in limited revenue generation [4] Corporate Actions and Market Response - The company held a board meeting where two proposals faced opposition from a board member due to concerns over the company's weak repayment capacity [5][6] - The company and its subsidiary, Lianying Construction, are providing guarantees for loans, with a maximum guarantee limit of 1 billion yuan for one loan and 2 billion yuan for another [6][7] - As of September 18, *ST Chuangxing's stock price fell by 2.28% to 4.28 yuan per share, with a market capitalization of 1.82 billion yuan, while the stock has increased by approximately 26% year-to-date [7]

Group 1 - The rapid growth of computing power demand is becoming a core engine driving the development of the digital economy in China, with traditional industries and emerging fields both contributing to this demand [1][2] - The "computing power voucher" policy is being implemented across various government levels to reduce the cost of computing power for enterprises, with cities like Hangzhou and Anhui leading the way in providing financial support [2][3] - The policy has successfully attracted over 500 enterprises to purchase computing resources in Guizhou, with a total contract amount of 6.3 billion yuan, showcasing its effectiveness in stimulating local economic growth [2][3] Group 2 - The integration of computing power resources is essential to address issues of fragmentation and inefficiency, with a national unified computing power monitoring and scheduling system being proposed [5][6] - The development of a one-stop computing power service platform is underway, with significant resources being pooled to enhance service offerings and facilitate transactions exceeding 20 billion yuan [6][7] - The establishment of an integrated computing power system is seen as a key driver for small and medium-sized enterprises to lower innovation costs and promote technological collaboration [7]

人民财讯9月12日电，近日，硅基流动与济南城市投资集团有限公司(简称"济南城投集团")达成战略合 作。双方将围绕算力基础设施共建、行业智能化解决方案开发、政企生态共建等领域展开深度合作，共 同推动区域数智化转型进程。 ...

Group 1 - The company has built approximately 4000 petaflops of computing power that is ready for delivery [1] - The company is considering research on the matters mentioned, but the execution progress and financial data should be based on official announcements [1]

格隆汇9月10日丨东方国信(300166.SZ)公布，公司拟与北京顺义金融控股有限责任公司（简称"顺义金 控"）合资设立北京临空智慧港科技有限公司（简称"北京临空智慧港"）。北京临空智慧港的注册资本 为3亿元人民币，公司认缴出资9,000万元人民币，持股比例30%。资金来源为公司自有资金或自筹资 金。 项目公司设立后，主要开展算力租赁和相关增值服务等算力服务业务。顺义金控将整合自身资源，支持 项目公司获得融资，协助项目公司获得相关政府政策信息和取得相关政策支持。东方国信应整合现有团 队，结合其自身资源、智能算力中心和算力服务的运营和管理经验，支持本项目的运营和业务开展。 ...

Core Viewpoint - The company, Dongfang Guoxin, has approved a joint investment proposal to establish Beijing Lankong Smart Port Technology Co., Ltd. in partnership with Shunyi Jin控, with a registered capital of 300 million yuan, indicating a strategic move into the computing power service sector [1] Group 1: Investment Details - The registered capital for the joint venture is set at 300 million yuan, with Dongfang Guoxin committing to contribute 90 million yuan, representing a 30% ownership stake [1] - The funding for this investment will come from the company's own resources or self-raised funds [1] Group 2: Strategic Implications - This investment aligns with the company's strategic goals and aims to enhance economic and social benefits for both the region and the company itself [1] - The project company will serve as the sole operating entity for the "Beijing Shunyi District Computing Power Center Project," focusing on providing computing power services [1] Group 3: Regulatory Considerations - The investment is subject to approval from market regulatory authorities, indicating a necessary step before the project can proceed [1]

Wind数据显示，2025年9月10日午后开盘，中证全指通信设备指数涨超5%，成份股工业富联涨停，东 方通信、海格通信、中际旭创、新易盛等涨超7%；中证人工智能主题指数一度涨超4%，成份股协创数 据涨超12%，中际旭创、澜起科技、新易盛等跟涨。 消息面上，国务院新闻办举行高质量完成"十四五"规划系列主题新闻发布会，工信部发布五年来工业和 通信业发展成就，"十四五"期间，我国制造业增加值增量预计达到8万亿元，占全球比重接近30%，总 体规模连续15年保持全球第一；我国建成全球最大、覆盖最广的网络基础设施，5G基站达459.8万个， 重点工业互联网平台设备连接数超过1亿台（套）；建成3.5万多家基础级、230多家卓越级智能工厂。 天风证券坚定看好AI行业作为年度投资主线，整体上积极看好25年或成为国内AI基础设施竞赛元年以 及应用开花结果之年。中美AI均进展不断，同时推理端持续推进。建议持续关注AI产业动态及AI应用 的投资机会。此外，卫星近期有较多产业进展，卫星互联网作为未来空间广阔的产业方向，相关产业链 核心标的建议积极关注。 国盛证券认为，算力服务有望迎来业绩拐点。除了AI算力资本支出热潮的一阶受益者（硬件 ...

Core Viewpoint - The Ningbo Urban Computing Network was officially launched during the 15th Smart City and Intelligent Economy Expo, aiming to efficiently integrate diverse computing resources and facilitate the sharing of external computing resources, thereby creating an open and cooperative urban computing ecosystem [1][3]. Group 1: Project Overview - The Ningbo Urban Computing Network is spearheaded by the Ningbo Data Bureau in collaboration with local telecom operators, educational institutions, and research units [3]. - The network will utilize the computing resources of the Ningbo Artificial Intelligence Supercomputing Center as its core, integrating various computing resources such as supercomputing, intelligent computing, and state-owned cloud services [3]. Group 2: Connectivity and Resource Sharing - Currently, the network has connected computing resources from multiple entities, including Ningbo Telecom, Ningbo Unicom, Ningbo Mobile, Dongfang University of Science and Technology, and Yongjiang Laboratory, with a total local access and sharing capacity exceeding 3000P [3]. - The initiative addresses the computing needs of many Ningbo enterprises and institutions, which require computing power for training AI models or completing research projects, thus facilitating better connectivity between supply and demand sides and reducing the cost of acquiring computing resources [3].

Core Insights - The integration of digital and energy revolutions is driving a significant increase in demand for computing power, with projections indicating an average annual growth rate of around 20% in China's data center electricity consumption from 2024 to 2030, outpacing the overall electricity consumption growth rate [1] Group 1: Industry Developments - The 2025 China International Big Data Industry Expo highlighted discussions on promoting the collaborative development of electricity and carbon computing [1] - The Deputy Director of the National Data Bureau emphasized that electricity supply is a critical factor influencing computing power development, and the scale of computing power directly affects data processing efficiency [1] - The rapid advancement of AI is leading to an explosive growth in computing power demand, necessitating the establishment of a new infrastructure that integrates data, computing, networks, and energy [1] Group 2: Southern Power Grid's Innovations - Southern Power Grid showcased its developed Electric-Carbon-Computing Collaborative Operation System, which is based on power infrastructure and promotes the economic and green flow of computing resources [2] - The system features three core capabilities: real-time monitoring of power consumption, dynamic scheduling to reduce operational costs by over 10%, and nationwide collaboration to connect computing resources with the integrated national computing network [2] - The system aims to break down information barriers between electricity, computing power, and carbon emissions, achieving precise matching and efficient scheduling [2] Group 3: Practical Applications and Future Outlook - The Electric-Carbon-Computing Collaborative Operation System has shown initial success, with a case where a computing task was migrated to a data center, resulting in a 10% reduction in overall computing costs and the consumption of 113.4 kWh of green electricity [3] - The flexibility of computing power scheduling is identified as a crucial foundation for collaborative operations, requiring solutions for application, data, and model coordination [3] - Future expectations include making the use of computing resources as convenient and quantifiable as water and electricity, necessitating the establishment of a precise measurement system for computing power [3]