智通财经6月9日电，迈信林(688685.SH)公告称，公司控股子公司瑞盈智算与北京城建智控科技股份有 限公司及北京京仪大气环保科技有限公司分别签订算力服务合同，累计金额达11.84亿元。合同服务期 限为五年，预计将对公司2025年度或未来业绩产生积极影响。 迈信林：控股子公司签订11.84亿元算力服务合同 ...

Core Insights - The company is expanding its computing power resources with the delivery of the third phase of the Ulanqab Intelligent Computing Center, which includes a building area of approximately 23,000 square meters and around 2,300 cabinets designed to support high-performance devices like GPUs [1] Financial Performance - In 2024, the company reported revenue of 1.503 billion yuan, with a year-on-year reduction in net loss of 102 million yuan, reflecting a 29.67% recovery [1] - The overall gross margin improved to 18.86%, an increase of 7.75 percentage points from 2023, while the gross margin for cloud computing rose from 10.58% to 20.57% year-on-year [1] - In Q1 2025, the company's overall gross margin increased by 9.25 percentage points year-on-year to 24.34%, indicating enhanced profitability [1] Business Expansion - The company is actively expanding its overseas business, having deployed 30 data centers across 22 regions globally, covering key areas such as Southeast Asia, Europe, North America, and Africa [1] - The company has established a "dual center" architecture with the Ulanqab Intelligent Computing Center and the Shanghai Qingpu Intelligent Computing Center, enhancing service capabilities for leading AI companies [2] R&D and AI Integration - The company is increasing its R&D efforts in "cloud + AI" to facilitate the practical application of AI technologies across various industries [3] - Collaborations with major domestic chip manufacturers and the establishment of a domestic computing cluster are aimed at improving the efficiency and performance of AI inference applications [3] - The company has successfully implemented several benchmark projects, including partnerships for AI training platforms and medical AI applications [3] Revenue Forecast and Investment Recommendation - Revenue projections for the company from 2025 to 2027 are estimated at 1.804 billion, 2.170 billion, and 2.589 billion yuan, with corresponding growth rates of 20.03%, 20.28%, and 19.34% [4] - The net profit forecast shows a turnaround from a loss of 85 million yuan in 2025 to profits of 270 million and 1.03 billion yuan in 2026 and 2027, respectively [4] - The company is recommended for investment based on its expected growth in the intelligent computing service sector, despite anticipated losses in 2025 [4]

Group 1 - The core strategy of Hainan Huatech is to advance its internationalization and globalize its existing business by planning to issue S-shares and list on the Singapore Exchange [1][2] - As of March 2025, Hainan Huatech has signed contracts for computing power services amounting to 6.67 billion yuan, with asset delivery exceeding 900 million yuan [1] - The company is deepening strategic cooperation with key enterprises in the computing power industry, focusing on investments in computing equipment and the DeepSeek ecosystem [1] Group 2 - Hainan Huatech aims to leverage the advantages of the Hainan Free Trade Port to expand its digital and international business, targeting Southeast Asia for growth [2] - The listing on the Singapore Exchange is expected to enhance the company's international recognition and attract global clients and partners [2] - The strategic move to establish a computing power network in Southeast Asia is seen as a way to influence regional digital infrastructure standards and promote cross-border payment in RMB [2] Group 3 - The trend of Chinese companies seeking cross-border financing through listings in Singapore is gaining attention, as the market offers a stable and transparent operating environment [3] - Singapore's flexible capital market and policy advantages, including simplified listing processes and tax incentives, make it an attractive destination for internationalizing Chinese enterprises [3]

Market Overview - On June 3, 2025, the market experienced a decline with a trading volume of 1.16 trillion, approximately 50 billion less than the previous trading day, with most sectors falling, while agriculture, banking, pharmaceuticals, and military industries saw slight increases [1] - The market showed weakness despite a rebound on Thursday, with the approval of a request by the Trump administration to temporarily suspend a previous ruling by the U.S. International Trade Court, negatively impacting market sentiment [1] - Over 80% of stocks and sectors declined, with many industries hitting new lows during this adjustment phase, indicating a lack of sustainable new hotspots despite some emerging trends in sectors like aquaculture [1] Sector Analysis - The robotics sector saw accelerated declines, reflecting the overall weak market sentiment, as it had previously experienced significant gains and high levels of capital participation [1] - The military sector showed signs of stabilization after adjustments, with the upcoming international defense exhibition in June and the accelerated commissioning of new aircraft carriers in China, making it a focus for potential investment [1] Fund Flow - On May 30, 2025, the Shanghai Composite Index saw a net outflow of 12.678 billion, while the Shenzhen Composite Index experienced a net outflow of 4.641 billion [4] - The top three sectors for capital inflow were chemical pharmaceuticals, aquaculture, and medical services, while the sectors with the highest capital outflow were semiconductors, power grid equipment, and general equipment [4] Industry Dynamics - The Ministry of Industry and Information Technology announced plans to achieve standardized interconnectivity of public computing power across the country by 2028, with a comprehensive system of standards and rules expected by 2026 [5][8] - The Ministry of Agriculture and Rural Affairs held a meeting to discuss the development of the aquaculture seed industry during the 14th Five-Year Plan period, emphasizing the need for technological innovation and improved breeding mechanisms [9] - The Ministry of Transport reported that in April, cross-regional personnel flow reached 5.35 billion, a year-on-year increase of 3.4%, indicating a steady recovery in transportation activity [10] Fund Dynamics - In 2025, 14 fund management companies announced changes in their chairpersons, reflecting a trend of leadership changes within the industry [12][13] - The Cheng Tong Science and Technology Investment Fund was established with an initial scale of 10 billion, focusing on investments in "hard technology" sectors such as new materials, advanced manufacturing, and next-generation information technology [14]

Group 1: National Unified Market Development - The core viewpoint is that China is advancing the national unified market through institutional innovation, technological empowerment, and regional collaboration, with a focus on accelerating the cross-regional flow of data elements [1] - The value added of the digital economy's core industries exceeded 12 trillion yuan in 2023, accounting for 10% of GDP, highlighting the multiplier effect of data elements on the unified market [1][3] - Beijing has implemented a unified public data directory management system, opening 18,000 high-quality datasets across over 70 scenarios, and exploring a model for data products that allows for mutual recognition across regions [3] Group 2: Regional Collaboration Achievements - The Yangtze River Delta has achieved seamless integration of international shipping routes and manufacturing data, reducing logistics costs by nearly 30% [4] - The Beijing-Tianjin-Hebei region has implemented 230 standardized government services and mutual recognition of qualifications, with plans to add 20 more by 2025 [4] - National tax data indicates that inter-provincial trade sales accounted for 40.4% of total sales in the first four months of 2025, an increase of 0.6 percentage points from the previous year [4] Group 3: Technological Foundation - The "East Data West Computing" project optimizes computing resource allocation and reduces data circulation costs [5] - A data security early warning platform in Shenzhen uses AI to monitor data flow risks, reducing compliance costs by 30% [5] - Nationwide, 24 data trading institutions have initiated mutual recognition and communication, significantly lowering data circulation costs [5] Group 4: Challenges for SMEs - Over 68% of SMEs delay digital projects due to high hardware investment costs, and 42% are limited by fluctuating rental prices and unstable resources [8] - There is a significant issue of data silos within SMEs, with only 9% achieving full-process digital collaboration [9] - SMEs face technical barriers due to poor compatibility of heterogeneous computing resources, impacting their ability to utilize AI and industrial simulation [10] Group 5: TianGang Intelligent Computing Platform - The TianGang Intelligent Computing Trading Platform addresses SMEs' core pain points by providing flexible supply, heterogeneous compatibility, and intelligent scheduling [11] - The platform aggregates mainstream computing resources, allowing SMEs to rent computing units on an hourly basis, increasing utilization rates to 85% [11] - A modular deployment solution enables cross-departmental collaboration, improving efficiency by 60% and reducing model training cycles by 45% [12] Group 6: Conclusion - The TianGang Intelligent Computing Trading Platform aims to activate the potential of data elements through inclusive computing services, supporting the construction of a national unified market [14] - The platform integrates resources to break down computing barriers and enhance collaboration, allowing SMEs to access intelligent computing resources at a low cost [14] - As regional cooperation deepens and the platform evolves, it will continue to promote the efficient flow of data elements, contributing to China's transition from a "data powerhouse" to a "computing powerhouse" [14]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has issued the "Computing Power Interconnection Action Plan" to promote the application of computing power interconnection in various new business scenarios [1] Group 1: Application Scenarios - The plan emphasizes the application of computing power interconnection in service scenarios such as computing resource services, task scheduling, market transactions, and open-source community operations [1] - It aims to enhance enterprise-level applications in artificial intelligence, scientific computing, intelligent manufacturing, remote medical services, and visual internet [1] - The initiative also targets consumer-level applications including intelligent driving, cloud rendering, cloud computing, and cloud gaming [1] Group 2: Integration with Other Technologies - The plan encourages the integration and innovative application of computing power interconnection with energy internet, industrial internet, and mobile internet [1]

以下为晚报正文： 1、中办、国办：目标到2027年，碳排放权、用水权交易制度基本完善 重要程度：★★★★★ 当地时间5月28日，美国国际贸易法院阻止了美国总统特朗普依据《国际紧急经济权力法案》而宣布的关 税政策生效，并裁定特朗普越权。在裁决公布后不久，特朗普政府的律师已通知该法院他们将提起上诉。 中办、国办印发《关于健全资源环境要素市场化配置体系的意见》，主要目标为到2027年，碳排放权、用 水权交易制度基本完善，排污权交易制度建立健全，节能市场化机制更加健全，资源环境要素交易市场更 加活跃。 意见提出完善资源环境要素配额分配制度、优化交易范围、健全交易制度、加强基础能力建设和组织实施 等措施。 2、商务部回应中美经贸磋商新动向：敦促美方停止对华歧视性限制措施 重要程度：★★★★ 市场人士普遍对短线市场风险偏好情绪的回暖感到欣喜。不过，由于特朗普政府已对此裁决提出上诉，且 已经在关税方面骑虎难下的白宫，也可能寻求通过其他法律启动替代性关税，因此不少业内人士也认为， 从长远来看，相关关税政策和全球贸易格局依然将面临着较为巨大的不确定性。 4、浙江发布智算云发展意见 2027年智算规模达 5月29日，商务部新闻发 ...

Meeting Overview - The company held an annual performance briefing for 2024 and the first quarter of 2025 on May 28, 2025, from 10:00 to 11:00 via the Shanghai Stock Exchange Roadshow Center [1][2] - Key executives, including the chairman and general manager, participated in the meeting to discuss the company's operational and financial status [2] Financial Performance - The company reported that the overall operating situation is positive, with the computing power business expected to continue rapid growth, while losses in the manufacturing sector are projected to narrow [2][3] - The management expressed confidence in this year's performance growth, anticipating a significant reduction in losses compared to the previous year [3] Growth Drivers - The computing power business is expected to grow through leasing and operational maintenance, with the company planning to enhance its computing resources beyond the existing 15,000P [2][4] - The manufacturing business is stabilizing with the global strategic configuration taking shape, although it may take time to achieve profitability [3][4] Industry Outlook - The computing power sector is anticipated to experience substantial growth, particularly with the rise of AI technology [3][4] - The manufacturing industry is maturing, with competition becoming increasingly important as the market stabilizes [4] Investor Engagement - The company actively engaged with investors during the meeting, addressing key concerns such as profitability, industry performance, and future growth prospects [2][3] - A cash dividend plan for the 2024 fiscal year has been approved and is expected to be distributed in June [4]

Core Viewpoint - Wangneng Environment is transforming from a traditional solid waste treatment company to a green technology service provider by integrating solid waste treatment, renewable energy, and computing power services, leveraging the opportunity of the Huzhou "Zero Carbon Intelligent Computing Center" [1][3] Group 1: Solid Waste Treatment - Wangneng Environment demonstrates industry-leading capabilities in solid waste treatment, operating 21 waste incineration plants with a daily waste processing capacity of approximately 21,800 tons and generating over 8.31 million kWh of electricity daily [2] - The South Taihu Phase V project, utilizing innovative ultra-high pressure reheating technology, has improved thermal efficiency from 22% to 30%, achieving a power generation of 700 kWh per ton of waste, which is double the industry average [2] - The company has achieved a significant reduction in standard coal consumption by 1 million tons annually and maintains dioxin emissions below EU standards [2] Group 2: Renewable Energy and Green Initiatives - The South Taihu project, with a total capacity of 2,150 tons per day, is expected to provide ample green electricity resources for the intelligent computing center [1][2] - The first phase of the South Taihu project completed Zhejiang Province's first green certificate transaction for municipal waste incineration in February 2024, marking a breakthrough in green electricity value conversion [2] Group 3: Intelligent Computing and Smart Factory - The Huzhou Zero Carbon Intelligent Computing Center, which completed its filing on March 4, 2025, will rely on the company's waste incineration capacity to create a sustainable energy loop for computing power services [3] - The company has made significant advancements in smart factory construction, implementing a comprehensive information platform for monitoring the entire waste collection and production process, enhancing operational efficiency and management precision [3] - With the support of national policies aiming for a 15 trillion yuan scale in the energy-saving and environmental protection industry by 2030, Wangneng Environment is positioned to explore a broad market space [3]

Group 1: Company Leadership Changes - Longi Green Energy announced that Li Zhenguo will resign from the positions of General Manager and Legal Representative to focus on R&D and technology management, while continuing as the head of the Central Research Institute and Chief Technology Officer [2] - The company appointed Zhong Baoshan as the new General Manager, and this leadership change is not expected to impact the company's operations [2] Group 2: Contracts and Agreements - Pingzhi Information signed an AI computing power technology service framework agreement with China Telecom's Shaanxi branch, with a total contract value of approximately 246 million yuan [3] - The actual execution amount will depend on specific orders, and the agreement is not expected to have a significant impact on the company's annual performance [3] Group 3: Share Issuance and Stock Transactions - *ST Songfa announced the issuance of 738 million new shares at a price of 10.16 yuan per share for asset acquisition [5] - Shenghong Technology set the preliminary inquiry transfer price at 65.85 yuan per share, with 24 institutional investors participating in the inquiry [3] Group 4: Shareholder Actions - Xinhua Medical's controlling shareholder plans to increase holdings by 100 million to 200 million yuan [6] - Several companies, including Yongmaotai and Green Harmony, announced plans for share reductions by up to 3% of total shares [6] Group 5: Corporate Developments - Rongsheng Environmental Protection reported that its controlling shareholder, Feng Ronghua, has been taken into custody by law enforcement, but this matter is unrelated to the company [4] - Chongqing Steel terminated the absorption merger with its wholly-owned subsidiary [7]