Core Insights - The Chinese computing power industry is transitioning from scale expansion to high-quality development, as highlighted by the Ministry of Industry and Information Technology [1] - The 2025 Computing Power Development Report indicates that China's computing power infrastructure ranks among the top globally, with significant advancements in computing, storage, and transmission capabilities [1][2] Infrastructure and Capacity - As of June 2023, China has 10.85 million standard racks in use for computing power centers and an intelligent computing power scale of 788 EFLOPS [1] - The total storage capacity has exceeded 1680 EB, reflecting continuous growth in storage capabilities [1] - Over 250 "East Data West Computing" optical cable trunk lines are planned for construction [1] Technological Innovations - The forum announced 10 major breakthroughs in computing power technology, including significant contributions from China Mobile, Shanxi Qineng Technology, and Huawei [2] - The report emphasizes that key core technologies in chips and software have made breakthrough progress [2] Integration and Collaboration - The construction of an integrated computing power network is progressing, with 10 provinces connecting to the national computing power platform [3] - The number of supercomputing centers connected to the national supercomputing internet has surpassed 30, with over 200 members in the consortium [3] Environmental Sustainability - The average Power Usage Effectiveness (PUE) of Chinese computing centers has decreased to 1.42, with 246 national green data centers established [3] - The use of advanced liquid cooling technology at the National Advanced Computing Taiyuan Center has achieved a PUE value of 1.04, contributing to energy efficiency [3] Future Development - The industry aims to enhance quality and speed, deepen the construction of an integrated computing power network, and optimize resource coordination and dynamic capabilities [4] - Policies will be developed to improve the layout of computing power infrastructure and promote the application of computing power in key sectors such as education, healthcare, and energy [4]

Group 1 - The A-share market has been very active recently, particularly the computing power sector, which has shown strong performance since mid-August, with AI chips, AI servers, optical modules, and liquid cooling technology being standout hardware segments [1] - The strong performance of the computing power sector is driven by three main factors: first, the capital expenditure plans disclosed by major overseas cloud vendors exceeded expectations, maintaining high growth in global computing infrastructure investment; second, OpenAI's recent announcement of GPT-5 has attracted industry attention, with plans to double the scale of computing clusters in the next five months; third, feedback from the supply chain indicates robust demand for computing power, supported by new technological iterations that have spawned multiple high-growth sub-sectors [1] - Looking ahead, the demand for computing power is expected to grow exponentially due to breakthroughs in AI model performance, the evolution of multimodal technologies, and the rapid deployment of AI Agent applications, indicating a long-term high prosperity in the industry [1] Group 2 - Specific investment opportunities include GPU and ASIC chips, optical modules, optical chips, and fiber optic connectors, which are expected to continue benefiting from the growth in computing power [1] - Additionally, the rising demand for AI servers will lead to increased usage of PCBs, high-power power supply systems, and liquid cooling solutions, marking significant opportunities in these emerging fields [1]

Core Insights - The rapid development of China's computing power industry is highlighted, with significant growth in the computing power index and infrastructure [1][3] - The establishment of a comprehensive computing power platform across multiple provinces marks a new collaborative framework for computing power development in China [1][3] Summary by Sections Comprehensive Computing Power Development - As of June 2025, China's total number of operational computing center racks reached 10.85 million, with intelligent computing power scaling up to 788 EFLOPS [1] - The "2025 Comprehensive Computing Power Index" indicates a significant increase in storage capacity, projected to exceed 1680 EB by mid-2025, a 40% increase from 2023 [3] Computing Power Index - The index focuses on computing power scale and quality, with Hebei maintaining the top position for three consecutive years, while Zhejiang and Inner Mongolia showed significant improvements [4] - The eastern regions dominate in storage capacity, with Hebei and Guangdong exceeding 160 EB, while Jiangsu, Shanghai, and Beijing have established systems surpassing 100 EB [4] Network Capacity - Eastern provinces account for 70% of the top ten in network capacity, with the Yangtze River Delta region, particularly Zhejiang, Shanghai, and Jiangsu, leading the rankings [5] - The introduction of a new "model power" index assesses the comprehensive computing power development across provinces, highlighting the disparity between eastern and western regions [5] Ecological Collaboration - The establishment of the China Computing Power Platform aims to enhance compatibility and interoperability among various systems, facilitating a neutral and open service ecosystem [8] - As of July, over 1000 enterprises have registered on the platform, which has successfully managed the supply and demand of computing resources [8] Regional Development - The China Computing Power Platform in Shanxi is set to enhance resource management and monitoring capabilities, contributing to the province's computing power development [9] - The OISA ecological co-construction strategy aims to improve interconnectivity among GPU cards, promoting collaborative development in both intelligent and supercomputing sectors [10] Future Directions - The focus on enhancing data infrastructure is emphasized as a means to transition from a data-rich to a data-strong nation, seizing opportunities in the AI era [10]

Group 1 - The 2025 China Computing Power Conference opened with the theme "Building the Foundation of Computing Power to Lead the Future," highlighting the acceleration of the construction of China's computing power platform, with 10 provinces and cities already connected [1] - The China Computing Power Platform integrates computing resources from different regions and industries, creating a unified network for computing power scheduling, enabling comprehensive data collection and dynamic monitoring of computing power development [3] - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming to establish a complete standard and rule system for computing power interconnection by 2026, and to achieve standardized interconnection of public computing power nationwide by 2028 [5] Group 2 - China's total computing power scale has been growing at an annual rate of around 30%, driven by the rapid development of artificial intelligence, leading to a surge in demand for intelligent computing power [7] - The China Telecom Research Institute predicts that by 2035, artificial intelligence will contribute over 11 trillion yuan to China's GDP, accounting for approximately 4% to 5% of GDP, potentially driving a tenfold to hundredfold increase in computing power demand [7] - The Ministry of Industry and Information Technology aims to guide the reasonable layout of intelligent computing facilities to improve the quality of intelligent computing supply, meeting the needs of emerging and future industries [9]

Core Viewpoint - The construction of China's computing power platform is accelerating, with multiple provinces and cities already connected, aiming to enhance resource utilization and promote intelligent transformation across industries [1][3][19]. Group 1: Development of Computing Power Platform - The computing power platform in China has integrated resources from various regions and industries, creating a unified scheduling network [6]. - Over 100 computing service providers have joined the platform, with more than 1,000 industry users registered, and nearly 100 mainstream foundational and vertical models connected [8]. - The Ministry of Industry and Information Technology has set goals for establishing a comprehensive interconnectivity standard and system by 2026, with a vision for a standardized computing power internet by 2028 [10]. Group 2: Growth and Demand for Intelligent Computing Power - The total scale of computing power in China has been growing at an annual rate of approximately 30%, driven by the rapid development of artificial intelligence [19]. - By 2035, artificial intelligence is projected to contribute over 11 trillion yuan to China's GDP, potentially increasing the demand for computing power tenfold or even a hundredfold [22]. - The intelligent computing power has been widely applied in various fields, including generative models, autonomous driving, smart cities, and industrial manufacturing, with over 23,000 innovative computing projects collected through application competitions [22]. Group 3: Future Projections - It is expected that by 2025, the scale of intelligent computing power in China will grow by more than 40% [22].

Group 1: China Computing Power Platform - The construction of the China Computing Power Platform is accelerating, with 10 provinces and cities officially connected to the computing power sub-platforms [1] - The platform aims to enhance cross-regional and cross-industry resource matching, improving the efficiency of computing resource utilization [1] - The platform has gathered over 100 computing service providers and registered more than 1,000 industry users, connecting nearly 100 mainstream foundational and vertical models [3] Group 2: Action Plans and Standards - The "Computing Power Interconnection Action Plan" aims to establish a complete standard and rule system for computing power interconnection by 2026, with a goal of achieving standardized interconnection by 2028 [5] - The plan envisions a computing internet capable of intelligent perception and real-time discovery [5] Group 3: AI and Computing Power Collaboration - The integration of computing power and artificial intelligence is accelerating the intelligent transformation of industries, with various applications showcased at the conference [6] - An AI drone countermeasure system demonstrated over 99% recognition accuracy and a response time of less than 3 seconds [8] - A computing service platform can dispatch one-sixth of the national computing power scale, supporting billions of computing calls daily [10] Group 4: Growth of Intelligent Computing Power - China's total computing power has been growing at an annual rate of around 30%, with intelligent computing demand rapidly increasing due to the development of AI [14] - By 2035, AI is expected to contribute over 11 trillion yuan to China's GDP, potentially driving a tenfold to hundredfold increase in computing power demand [14] - The intelligent computing power scale is projected to grow by over 40% in 2025, with applications in various sectors including generative models, autonomous driving, and smart cities [16]

Core Insights - The rapid development of China's computing power industry is driven by strong global demand for computing resources, with a new ecosystem forming through collaboration and integration [1][7] - As of June 2025, China's total number of operational computing center racks reached 10.85 million, with intelligent computing power scaling up to 788 EFLOPS (FP16) [1][2] - The "2025 Comprehensive Computing Power Index" was released, highlighting significant advancements in computing power, storage, and network capabilities across various regions [2][4] Computing Power Development - The computing power landscape in China is characterized by a shift towards "intelligent computing dominance" and multi-faceted development, with notable technological innovations enhancing computing capabilities [2][3] - By June 2025, the national storage capacity exceeded 1,680 EB, marking a 40% increase from 2023, driven by the demand from big data and AI applications [3][4] Regional Performance - China has released 1,509 large models, leading globally with 3,755 total models published, indicating a strong focus on model development [4][5] - The eastern regions dominate in computing power, storage, and network capabilities, with Hebei maintaining the top position in computing power index for three consecutive years [4][5] - The western regions show potential for growth in computing power, supported by favorable policies and climate conditions [6][7] Ecosystem and Collaboration - The China Computing Power Platform aims to enhance compatibility and interoperability among various systems, facilitating a neutral and open service ecosystem [7][8] - The platform has registered over 1,000 enterprise users and more than 100 service providers, showcasing its extensive reach and capability [7][9] - The establishment of the Supercomputing Internet platform aims to connect diverse computing resources across the country, providing a marketplace for computing services [10]

Group 1 - The Chinese computing power industry is expected to see significant developments and events in 2025, including various conferences and expos focused on data and digital economy [1][2][5] - Major companies like Alibaba, Huawei, and Tencent are scheduled to release their financial reports and host developer conferences in 2025, indicating a busy year for the tech sector [2][3] - The 2025 China International Big Data Industry Expo and the World Internet Conference are among the key events that will showcase advancements in computing power and digital technologies [1][5] Group 2 - The timeline for major events includes the China International Industrial Expo and the Huawei Developer Conference, which are expected to attract significant attention from industry stakeholders [1][2] - The anticipated financial reports from leading companies will provide insights into their performance and strategies in the evolving digital landscape [2][3] - The focus on computing power and digital economy at these events highlights the growing importance of technology in driving economic growth in China [1][5]

转自：新华财经 新华财经北京8月19日电（记者孙广见）当前，我国算力总规模持续攀升，智算需求呈爆发式增长。然 而，产业结构性矛盾也日益凸显：一边是重金打造的算力中心利用率不足，资源闲置；另一边是中小企 业、科研团队为满足碎片化的算力需求四处奔走，求而不得。 这一困局折射出算力资源调度机制缺失、技术适配不足、政策执行偏差等多重壁垒。多位业内人士指 出，破局关键在于激活闲置资源、降低使用门槛、构建算力产业生态，通过政策精准引导、技术创新驱 动与市场机制协同，打破算力供需壁垒。 激活闲置资源是关键 面对部分算力资源"空转"与需求端不足的矛盾，业内人士指出，在供给侧构建智能调度平台与创新服务 模式是盘活闲置算力的关键。 单从供给量来看，我国算力供给可谓"充足"。据工信部最新数据显示，截至今年3月底，我国在用算力 标准机架达1043万架，智能算力规模达到748EFLOPS，为海量数据计算提供了智能底座。但这其中有 一部分算力因各种原因被"闲置"浪费。 为解决算力资源调配难题，我国已建成以"东数西算"为代表的一系列算力调配工程。赛迪顾问电子信息 产业研究中心总经理贾珊珊指出，截至2025年第一季度，我国"东数西算"八大枢 ...

Group 1 - The core viewpoint of the article highlights the significant investment and development in computing power in China during the 14th Five-Year Plan, with projections indicating a 20% growth in general computing power and a 43% growth in intelligent computing power by 2025, ranking second globally after the United States [1][7] - The rapid market adoption of autonomous delivery vehicles is noted, with over 7,000 units sold across 31 provinces and 280 cities, supported by a computing power scale equivalent to 2,500 ordinary computers operating simultaneously [3][4] - The construction of computing power centers is crucial, with a focus on exceeding market demand to secure market orders, as demonstrated by a project that was completed 70 days ahead of schedule [11] Group 2 - China has established eight computing power hubs and is planning ten national data center clusters, with a focus on expanding from major cities to western regions [13] - The "East Data West Computing" initiative aims to transmit large amounts of data from eastern regions to western data centers for processing, facilitating the creation of a computing power "supermarket" in Shanghai [20] - The demand for computing power is rapidly increasing across various emerging industries, including agriculture and AI healthcare, with significant growth expected in the computing power sector due to the integration of AI technologies [22][28] Group 3 - The computing power centers are designed to utilize renewable energy sources, with a notable example in Ningxia where a center has achieved over 85% green electricity usage, leading to substantial cost savings [16] - The AI industry in Shanghai has seen substantial growth, with a market size surpassing 450 billion yuan, and the establishment of a super center for intelligent computing cards [23] - Cloud computing is gaining traction, with a projected shipment of 4.21 million units in 2024, reflecting a 40% year-on-year increase in demand for cloud computing power [26]