Group 1 - The core viewpoint emphasizes the development of a green computing industry in Qinghai, leveraging its natural advantages in renewable energy and climate to create a sustainable data center ecosystem [1][2][3] - Qinghai's data center project, the Sanjiangyuan Green Power Intelligent Computing Integration Demonstration Microgrid, aims to provide approximately 10 million kilowatt-hours of zero-carbon electricity annually, showcasing the integration of green energy and computing power [1] - The province has established five local standards for green computing and has initiated various policies to promote the development of the green computing industry, collaborating with major internet companies like Baidu and Alibaba [2] Group 2 - Qinghai's clean energy capacity has reached 94.6% of the total installed capacity, with the computing power scale increasing by over 30 times since early 2024, indicating significant growth in the green computing sector [3] - The province is also exploring innovative models for green energy supply tracing, including a blockchain platform that tracks the source and environmental benefits of each megawatt of green electricity [2] - Various applications of green computing are being developed across different sectors, including AI data labeling bases and a provincial-level carbon data center, highlighting the diverse potential of green computing in driving economic growth [2][3]

Core Insights - The approval of the Southern Universal Data Center REIT and Southern Runze Technology REIT marks a significant milestone in the financial landscape of the computing power era, being the first public REITs for data centers on the Shanghai and Shenzhen stock exchanges [2][3] - These REITs utilize mature and stable data center infrastructure projects as underlying assets, transforming heavy assets into liquid capital and promoting high-quality development in the computing power infrastructure industry [2] Group 1: REITs Overview - The Southern Universal Data REIT aims to raise funds of 1.933 billion yuan, with underlying assets located in Kunshan, Jiangsu Province, covering an area of 35,376.70 square meters and housing 4,192 cabinets with a power design capacity of 29,044 kW [2] - The project has a remaining lifespan of 37.69 years, indicating long-term viability and stability [2] Group 2: Financial Performance - The revenue for the Guojin Data Center infrastructure project from 2021 to 2023 and for the first nine months of 2024 was 175 million yuan, 173 million yuan, 168 million yuan, and 123 million yuan respectively [3] - The operating cash flow during the same periods was 133 million yuan, 124 million yuan, 136 million yuan, and 54.36 million yuan respectively, showcasing consistent cash generation [3] - Net profits for the same periods were 42.93 million yuan, 45.71 million yuan, 46.14 million yuan, and 34.99 million yuan respectively, indicating stable profitability [3] Group 3: Client Relationships - The data center operates on a non-inclusive electricity pricing model, where clients directly bear electricity costs, mitigating the impact of electricity price fluctuations on operating costs [3] - Major clients include Shanghai Telecom and Shanghai Unicom, which together accounted for 47.81% and 50.57% of revenue respectively, while another client contributed 1.62% [3] Group 4: Industry Implications - The launch of these REITs is seen as an innovative practice supporting the high-quality development of new infrastructure, potentially reshaping the development logic of data centers [3] - This development signifies a breakthrough in the asset securitization of data center construction, providing a new model for capital operations in the digital infrastructure sector [3]

Investment Rating - The report initiates coverage with an "Add-B" rating for the company [6] Core Insights - The company is positioned in the "new energy + new infrastructure" dual-track strategy, aiming to create an integrated ecosystem for digital computing and energy [1][4] - The synergy between computing power and green energy is seen as a critical trend for the development of the digital economy [3][56] - The company has successfully transitioned from financial investments to industrial investments, significantly increasing its asset scale in emerging industries [4][23] Summary by Sections Company Overview - The company has transformed its business model since 2021, focusing on industrial investments and holding significant stakes in key subsidiaries [16][18] - As of December 31, 2024, the total asset scale is approximately 661.7 billion, with emerging industry investments accounting for 78.6% [23] Financial Performance - In 2024, the company achieved a revenue of 55.8 billion, a year-on-year increase of 11.38%, and a net profit of 539 million [24][25] - The gross profit reached approximately 26.36 billion, with a gross margin of about 47% [25][29] Market Trends - The renewable energy sector is experiencing rapid growth, with a 23% year-on-year increase in new installed capacity in 2024 [31] - The integration of green electricity and computing power is reshaping the energy landscape of the digital economy [31][41] Strategic Initiatives - The company is actively expanding its presence in the renewable energy market, having significantly increased its project indicators in 2024 [69] - It aims to leverage its dual-track strategy to optimize asset allocation and enhance investment returns [5][6]

韩国总统李在明对该项目给予积极评价，认为这一投资项目证明韩国高科技产业发展不局限于首都圈地 区。他表示："这可能树立一个良好榜样，证明韩国高科技产业不仅在首都圈可行，在地方省份同样具 备发展可能性。" 项目规模创韩国纪录 韩国科学技术信息通信部周五宣布，SK集团将联合亚马逊云服务AWS在韩国蔚山市投资约7万亿韩元 （51.1亿美元）建设AI数据中心，这将成为韩国规模最大的数据中心项目。 该项目中亚马逊将投资40亿美元，数据中心预计9月动工，2029年全面投入运营，初期容量为100兆瓦。 SK集团董事长崔泰源表示，计划未来将数据中心容量扩展至1吉瓦，打造成AI全球枢纽。 消息推动韩国AI相关股票周五延续涨势，SK海力士上涨超过3%，Kakao飙升11%，LG CNS上涨9%，带 动基准KOSPI指数3年半来首次突破3000点关键里程碑。 按照规划时间表，数据中心将在2029年全面投入运营，初期运营容量为100兆瓦。这一规模将使其成为 韩国境内最大的数据中心设施。 在有总统李在明和科技公司CEO参加的会议上，SK集团董事长崔泰源阐述了更为宏大的发展计划。他 表示，计划未来将数据中心容量扩展至1吉瓦，并将其打造成处 ...

星标 ★ IPO日报 精彩文章第一时间推送 在贵安新区这片平坦开阔的土地上，我流连忘返，两天的采访之旅让我一次次惊叹于眼前的景象： "昔日荒芜之地，已成今朝繁华新城"。 每次驱车经过数谷大道，腾讯数据中心那隐藏于平凡山腹中的"超级大脑"总能吸引我的目光。踏入 新区规划展示馆，光影交织的视觉盛宴令人震撼，其科技含量丝毫不逊色于一线城市，新区未来的 宏伟画卷正悄然展开。 在贵州电网公司贵安供电局的电网机巡作业平台上，智能作业中心工作人员轻点巡检中心，选择机 库……"一键"下发任务，贵安新区220千伏林后Ⅰ回线旁，一架无人机即自动从机巢旁起飞，开始 今天的巡线任务。在从晨曦初照的山林杆塔到夜幕低垂的农耕道旁，我目睹了一项项如何深刻地融 入其他产业的每一个角落。 在贵州长江汽车工厂里的实验室里，研究员们正忙碌地进行着各种精巧而奇怪的实验。他们为车主 们测试着车辆的极限性能，从"关门一万次"的耐久性测试到车底盘的坚固程度检测，每一个细节都 不放过。这里，一辆辆纯电动货车和新能源客车正从生产线上缓缓驶出，它们不仅代表着先进的制 造工艺，更承载着对未来绿色出行的无限憧憬。 同样是在贵安新区，夏日的快乐气泡诞生在中粮可口可乐 ...

Group 1: Development of Gui'an New Area - Gui'an New Area has transformed from a barren land into a prosperous new city, showcasing advanced technology comparable to first-tier cities [1] - The area features a variety of industries, including a data center operated by Tencent, which is referred to as a "super brain" [1] - The intelligent operation center of Guizhou Electric Power Company utilizes drones for automated inspection tasks, indicating the integration of technology into various sectors [1][12] Group 2: Automotive Industry in Gui'an - Guizhou Changjiang Automobile Factory is conducting rigorous tests on electric vehicles, including durability tests such as "closing the door 10,000 times" [1][8][6] - The factory is producing electric trucks and new energy buses, representing advanced manufacturing processes and a commitment to green transportation [1] Group 3: Food and Natural Resources - The COFCO Coca-Cola factory in Gui'an produces beverages that contribute to local enjoyment and economic activity [2] - The region is also known for its natural beauty, with Moon Lake Wetland Park serving as an important component of the sponge city initiative, enhancing urban ecology [2] - Local cuisine, including Miao-style cured meat and spicy fish soup, highlights the cultural richness and culinary diversity of the area [2]

大家早上好！这里是今天的早报，每天早上，我都会在这里跟你聊聊昨夜今晨发生了哪些大事儿。 本栏目由 虎嗅出品。 热点追踪 【美国确认将对所有赴美学生签证申请人进行网络审查】 据新华社华盛顿6月19日电 ，美国国务院当地时间18日发表声明说，将很快恢复处理针对赴美学生及交流访问 学者的签证申请，并对申请者社交媒体等网络活动进行审查。 声明说，美国将"运用一切可用信息来识别不符合入境美国条件的签证申请人"。根据新指南，美方将对申请 F、M、J类非移民签证的申请人进行"全面彻底"的审查，包括对其社交媒体等网络活动进行审查。为配合此项 审查，所有申请F、M、J类非移民签证的申请人都应将其所有社交媒体账户的隐私设置调整为"公开"状态。 声明说，美国各海外使领馆将很快恢复处理针对F、M、J类非移民学生及交流访问学者的签证申请，申请者可 预约面谈。 【伊朗领空将继续关闭至20日中午】 据央视新闻，当地时间6月20日，伊朗民航部门发布消息称，鉴于目前的安全局势，伊朗领空将继续关闭至当 地时间20日中午，所有民航班机也将继续暂停。 【特朗普将TikTok"不卖就禁用"法案执行宽限期再延长90天】 据新华网，美国总统特朗普19日签 ...

根据公告，南方润泽科技REIT此次获准募集份额总额为8亿份，基金合同期限为38年；而南方万国数据中心 REIT获准募集份额总额为10亿份，基金合同期限为50年。两只产品均由南方基金为基金管理人，招商银行为 基金托管人，华泰联合证券担任独家财务顾问。 "你公司应自本批复下发之日起6个月内进行基金的募集活动，募集期限自基金份额发售之日起不得超过3个 月。"证监会在批复中表示。这意味着，最迟到今年12月，首批两只数据中心公募REITs将正式启动募集，与公 众见面。 据介绍，南方润泽科技REIT以润泽智算科技集团股份有限公司旗下位于河北省廊坊经济开发区的国际信息云 聚核港（ICFZ）A-18数据中心项目为底层资产。该项目地处全国一体化算力网络京津冀国家枢纽节点核心地 带，自项目达产以来运营效益良好，机柜上架率始终稳居行业高位，资产质量优异，获评"国家绿色数据中 心"，是支撑区域数字经济高质量发展的关键基础设施。 6月18日晚间，中国证监会和交易所网站显示，全国首批数据中心公募REITs正式获得注册批复。 "南方润泽科技数据中心封闭式基础设施证券投资基金"与"南方万国数据中心封闭式基础设施证券投资基 金"（简称"南方润 ...

Group 1: E-commerce and Trade - Alibaba International Station has seen a 42% year-on-year increase in platform orders since June, with GMV maintaining a strong growth of nearly 30% [1] - The U.S. market has recovered with a 25% growth rate, and there is a surge in early Christmas stocking up, while Europe continues to experience rapid growth [1] - Alibaba International Station is extending its "Foreign Trade 618" event in the U.S. market until August to help merchants capture the influx of U.S. orders [1] Group 2: Company Developments - Nichiha Precision Machinery announced that its wholly-owned subsidiary, Italy's MCM, will file for bankruptcy due to ongoing losses and inability to repay debts, but this will not significantly impact the company's domestic operations [2] - Gilead Sciences announced that the FDA has approved Yeztugo® as the first and only PrEP option in the U.S. requiring only two doses per year, significantly reducing the risk of HIV infection [5] - Kefu Medical, Wisdom Eye, and Laolai Health have signed a strategic cooperation agreement to develop AI-driven portable/home medical terminals focusing on chronic disease monitoring and emergency alerts [6] Group 3: Investment and Financing - EDGNEX, a digital infrastructure company based in Dubai, plans to invest $2.3 billion to build a large data center in Indonesia, with the first phase expected to be completed by 2026 [8] - Yuzhu Technology has completed its C-round financing led by several major investors, including Tencent and Alibaba, with most existing shareholders participating in the follow-up investment [8] - Ningbo Ocean plans to invest no more than 2 billion yuan to build four 4300TEU container ships, with funding sources including self-owned and self-raised funds [8] Group 4: Media and Entertainment - Disney China has partnered with Shanghai Animation Film Studio to launch a series of animated promotional shorts based on "Zootopia," utilizing various traditional Chinese animation techniques [3] - Bilibili has introduced a support policy for animated short dramas, offering cost coverage of 30% to 100% and revenue sharing of up to 80%, with significant growth in content consumption [4] Group 5: Technology and Innovation - Yausu Technology and Pfizer have developed an AI pathology recognition system that can accurately identify and quantify pancreatic tissue structures, significantly reducing the time required for manual annotation [10]

上海龙宇数据股份有限公司 会 议 资 料 二○二五年六月三十日 目 录 议案 9：关于取消公司监事会暨修订《公司章程》及其附件的议案 .........29 为了维护广大股东的合法权益，确保股东大会能够依法行使职权，根据《上 市公司股东会规则》,公司《章程》以及《股东大会议事规则》的有关规定，特 制定本次股东大会会议须知如下，请出席股东大会的全体人员遵照执行。 一、股东大会设秘书处，负责会议的组织工作和处理相关事宜。 二、股东大会期间，全体出席人员应以维护股东的合法权益、确保股东大会 的正常秩序和议事效率为原则，自觉履行法定义务。 三、根据中国证监会《上市公司股东会规则》和上海证监局《关于维护本市 上市公司股东大会会议秩序的通知》，本次股东大会不向股东发放礼品。 四、股东出席股东大会，依法享有发言权、表决权等权利。 五、股东大会召开期间，股东事先准备发言的，应当向大会秘书处登记，并 填写"股东大会发言登记表"由主持人安排发言。股东临时要求发言,应当先举 手示意，并按照主持人的安排进行。发言或提问应围绕本次会议议案，原则上每 位股东发言不得超过二次,每次不得超过五分钟。股东发言及提问前，应先介绍 自己的股东身份 ...