智通财经APP讯，海南华铁(603300.SH)发布公告，公司全资子公司海南华铁大黄蜂建筑机械设备有限 公司(简称"华铁大黄蜂")于2025年3月与杭州X公司(简称"X公司")签署了《算力服务协议》(简称"原协 议")，约定华铁大黄蜂向X公司提供算力服务，算力服务期为5年，合同预计总金额为36.9亿元(含税)。 基于原协议所涉交易及设备的市场环境及供需情况已较签署时发生较大变化，且协议签订以来未收到任 何采购订单，公司近日向X公司出具《关于解除<算力服务协议>的函》。 ...

*ST金刚(300093.SZ)披露重整计划(草案)之经营方案，未来，欧昊集团将继... 智通财经APP讯，*ST金刚(300093.SZ)披露重整计划(草案)之经营方案，未来，欧昊集团将继续支持金 刚光伏专注于HJT技术路线，巩固先发优势;同时欧昊集团将携手产业合作伙伴为金刚光伏导入算力业 务，致力于成为一家具有绿色能源优势的算力基础设施运营商。未来，金刚光伏仍将深耕酒泉，充分发 挥酒泉绿色能源政策优势，在已有绿色光伏业务基础上，发展算力AI大数据服务。通过能源及算力的 结合，打造光伏制造、光伏发电、算力服务、绿电直连的算电一体化商业模式。 ...

智通财经APP讯，*ST金刚(300093.SZ)披露重整计划(草案)之经营方案，未来，欧昊集团将继续支持金 刚光伏专注于HJT技术路线，巩固先发优势;同时欧昊集团将携手产业合作伙伴为金刚光伏导入算力业 务，致力于成为一家具有绿色能源优势的算力基础设施运营商。未来，金刚光伏仍将深耕酒泉，充分发 挥酒泉绿色能源政策优势，在已有绿色光伏业务基础上，发展算力AI大数据服务。通过能源及算力的 结合，打造光伏制造、光伏发电、算力服务、绿电直连的算电一体化商业模式。 ...

格隆汇9月30日丨农尚环境(300536.SZ)公布，为进一步拓展公司在算力综合服务领域的业务布局，打造 具有综合服务能力的算力服务提供商，增强公司在算力产业的核心竞争优势，公司控股子公司广州芯算 晟阳科技有限公司（、简称"芯算晟阳"）计划投资不超过人民币8,369.63万元，在广州市天河区投资建 造广州智慧创新谷算力基础设施项目。该项目建成后，相关设施将主要用于公司自用或对外提供数据中 心机房基础设施租赁服务。项目设计方案按照50个22KW机柜和200个8KW机柜设计，可同时容纳100台 训练服务器和400台推理服务器。 ...

公 司 研 究 / 建 筑 装 饰 / 证 券 研 究 报 告 罗曼股份（605289）深度研究 拟收购武桐树布局智算中心千亿市场， AIDC 新星冉冉升起 2025 年 09 月 30 日 【投资要点】 挖掘价值 投资成长 增持（维持） 东方财富证券研究所 证券分析师：王翩翩 证书编号：S1160524060001 证券分析师：郁晾 证书编号：S1160524100004 相对指数表现 -30% 8% 46% 84% 122% 160% 2024/9 2025/3 2025/9 罗曼股份 沪深300 | 基本数据 | | | --- | --- | | 总市值（百万元） | 7,498.63 | | 流通市值（百万元） | 7,452.54 | | 52 周最高/最低（元） | 68.79/20.17 | | 52 周最高/最低（PE） | -214.97/-63.03 | | 52 周最高/最低（PB） | 6.00/1.76 | | 52 周涨幅（%） | 241.05 | | 52 周换手率（%） | 10.74 | 注：数据更新日期截止 2025 年 09 月 29 日 相关研究 《毛利率及减值影响 ...

在会议现场，嘉则信息演示了通过"棘事星通"解决方案实现的基于NTN的SMS短消息服务、文本消息、 语音消息等功能，并展示说明了该方案在高可靠性、广覆盖与低时延等方面的技术优势以及典型的应用 场景。多家采用嘉则NTN卫通方案的终端厂商也在现场发布了搭载该技术的新产品。 据公开信息，电光科技与嘉则信息的合作已形成多层次协同，嘉则信息不仅在2022年入驻了电光上海公 司产业园，更在业务层面深度合作，联合开发了5G小型化通讯系统、电力设备管理系统、自带鸿蒙系 统的设备管理器等产品。 在卫星通信布局之外，电光科技近年来密集落子算力服务领域。继去年4月与浙江云谷云计算有限公司 合资设立浙江电光云科技后，今年6月，电光科技在北京设立北京电光云，主要为高校科研、企业研发 等客户群体提供以超算、智算为算力基座的云上业务模式。 值得注意的是，电光科技近期在投资者关系平台上答复投资者提问时表示，未来会继续加大在算力方面 的投入，核心建设超智融合算力平台作为基础设施，并遵循高效、务实的原则。以市场为导向建设算 力，以技术为引擎融合算力，以行业为核心释放算力价值，致力于实现高质量、可持续的发展。(厉平) 作为防爆设备龙头，电光科技（0 ...

Core Viewpoint - ST Jinggu is undergoing a significant transformation supported by its controlling shareholder, Chow Tai Fook Investment, focusing on a shift towards computing power and digitalization [1][2]. Group 1: Shareholder Support and Asset Transfer - Chow Tai Fook Investment plans to donate 51% of its stake in Shanghai Boda Digital Technology Co., Ltd. to ST Jinggu at no cost, indicating strong shareholder backing and confidence in the company's transformation [1][4]. - The donated asset, Boda Digital, is a profitable company with nearly 200 million yuan in net assets, showcasing the strength of Chow Tai Fook Investment [1][4]. - The transfer of Boda Digital's stake will improve ST Jinggu's financial performance by including it in the consolidated financial statements [4]. Group 2: Business Strategy and Risk Management - ST Jinggu's traditional business, primarily in engineered wood products, faces challenges such as market restructuring, economic fluctuations, and stricter environmental regulations [3]. - To mitigate risks, Chow Tai Fook Investment plans to divest ST Jinggu's risk-laden asset, Tai County Huiyin Wood Industry Co., Ltd., by acquiring its 51% stake for cash [1][7]. - The divestment is a response to significant issues at Huiyin Wood, including a 19 million yuan inventory loss and numerous legal disputes totaling approximately 150 million yuan [7]. Group 3: Digital Transformation and Future Prospects - The integration of Boda Digital's computing power services aligns with Chow Tai Fook's broader digital transformation strategy, which aims to enhance operational efficiency and decision-making [8][9]. - The Chinese intelligent computing market is projected to grow significantly, reaching approximately 200 billion yuan by 2025, providing ample opportunity for ST Jinggu's transformation [10]. - The collaboration between ST Jinggu's traditional forestry operations and new computing power services could lead to improved efficiency and competitiveness in the market [9][10].

Core Viewpoint - The article emphasizes the pivotal role of state-owned enterprises, particularly Jingneng Group, in supporting the high-quality development of Beijing, focusing on energy security, green transformation, digital economy, urban renewal, cultural tourism integration, and elder care services [1][15]. Group 1: Energy and Digital Transformation - Jingneng Group is actively responding to the global energy revolution and the integration of digital economy by placing technological innovation at the core of its development strategy, particularly under the "dual carbon" goals [3]. - The company has developed the first fully domestic gas turbine model application system, "Qingrui," which enhances operational efficiency and reliability while reducing maintenance costs, thus supporting the digital transformation of the clean energy sector [3]. - Jingneng Group has established a comprehensive "Jingneng Xingyao" series of products and core technology systems to leverage its energy industry advantages into new digital economic growth, including a public AI computing platform that connects extensive green computing resources [4]. Group 2: Smart Heating and Virtual Power Plants - Beijing Thermal Group is advancing smart heating transformations, having completed upgrades for 72.5 million square meters and planning an additional 25.04 million square meters by 2025, which includes the installation of numerous IoT devices [5]. - Jingneng Group's virtual power plant has aggregated a total capacity exceeding 4 million kilowatts, significantly enhancing flexibility and resilience in power grid management, while promoting the consumption of clean energy [6]. Group 3: Green Technology and Ecological Restoration - Jingneng Group has developed a comprehensive technology system for ecological restoration, addressing environmental issues in mining areas, achieving a 25% increase in filling rates and an 8.5% reduction in material costs [7]. - The company employs innovative green technologies for ecological restoration, effectively recovering vegetation and enhancing carbon sink capabilities [8]. Group 4: Urban Renewal and Cultural Tourism Integration - Jingneng Group is actively involved in urban renewal and cultural tourism integration, focusing on optimizing the value of existing properties and enhancing cultural resources through innovative projects [9]. - The company has transformed old industrial buildings into cultural landmarks, achieving high occupancy rates and positive customer ratings, thereby revitalizing urban spaces [10]. Group 5: Elder Care Services - Jingneng Group is committed to building a comprehensive elder care service system, addressing the needs of an aging population through a collaborative approach across various service chains [12]. - The company has implemented a model that integrates medical and elder care services, establishing community care stations and specialized care brands to enhance service delivery [13][14].

Core Viewpoint - The document outlines measures to strengthen the cultivation of innovative enterprises in the digital economy, emphasizing the enhancement of computing power resources and the implementation of the "East Data West Computing" project [1] Group 1: Policy Measures - The National Development and Reform Commission, along with other governmental bodies, has issued measures to support the digital economy by reinforcing the supply of computing power resources [1] - The initiative aims to implement policies that ensure the deployment of computing power at national hub nodes and optimize the demand in key application areas [1] Group 2: Infrastructure Development - There is a focus on accelerating the construction of a national integrated computing power network, encouraging local collaboration in building this infrastructure [1] - The plan includes the establishment of a new type of computing power network infrastructure that integrates monitoring, scheduling, elastic supply, and security [1] Group 3: Support for Enterprises - The measures aim to facilitate efficient and precise matching of computing power resources with the needs of digital innovation enterprises [1] - National hub nodes are encouraged to provide low-cost, wide-coverage, and reliable computing power services to digital innovation companies, thereby lowering the barriers to accessing computing power [1]

Group 1: Investment and Economic Development - Suzhou has invested in Xinjiang, with a focus on industrial cooperation, education enhancement, medical upgrades, and cultural integration, contributing to high-quality development in the region [1][2][4] - The annual output value of the newly established Xinjiang Sujian Prefabricated Building Co., Ltd. has reached approximately 3 million yuan, indicating the success of the investment strategy [1] - The "Suxin Center" in Horgos, which opened in July, serves as a platform for showcasing and selling Suzhou products, enhancing economic and cultural exchanges between China and Central Asia [2] Group 2: Infrastructure and Project Development - The Horgos Comprehensive Bonded Zone is developing a cross-border e-commerce industrial park with a total investment of 200 million yuan, aiming to become a transit hub for Central Asian goods entering East China [2] - The Kunshan Industrial Park in Atushi has become a well-known industrial area, producing electric vehicle frames every five minutes and sending elevators across the region every three days [3] Group 3: Cultural and Educational Initiatives - The "Pomegranate Seed Book House" project in Gongliu County aims to promote reading and cultural exchange, with 104 such facilities established to enhance local education [5] - Suzhou's educational assistance includes innovative models like "flexible talent introduction" and "full management," which have significantly improved local teaching capabilities and student performance [8] Group 4: Healthcare Improvements - The introduction of advanced medical techniques and training by Suzhou medical professionals has improved healthcare outcomes in Atushi, exemplified by the successful treatment of a severe pneumonia case [7][8] - The establishment of a "teacher-student" mentorship program has enhanced the skills of local medical staff, ensuring sustainable healthcare improvements in the region [8]