四川省发展和改革委员会推进一体化算力监测调度服务平台建设，旨在成为全国算力网的重要支点。平 台通过灵活的算力资源接入与运营模式，汇聚多家算力中心形成协同格局，并与百度、华为等40余家单 位共建算力生态圈，促进算力资源消纳。平台还具备监测系统能力，为政府和企业提供算力产业发展决 策支持。四川正积极融入全国一体化算力网，实现跨区域协同发展，推动算力资源与产业深度融合。 (四川省发展和改革委员会) ...

Core Insights - The surge in the A-share market for computing power concepts is driven by the booming AI wave, with stocks like Zhongji Xuchuang and Zhongdian Port experiencing significant increases [1] - NVIDIA's announcement to resume sales of the H20 chip in China and launch a new GPU compatible with the Chinese market has further fueled the computing power market, benefiting AI inference and model training [2] - There is an ongoing upgrade in computing power infrastructure, driven by increasing demand for high-performance computing in various AI applications [3] Industry Trends - Computing power is identified as the key productivity in the information age, analogous to water and electricity in previous eras, with a projected growth in China's intelligent computing power to reach 1460.3 EFLOPS by 2026, doubling from 2024 [4] - The Chinese AI computing power market is expected to grow to $33.7 billion by 2026, representing a 77% increase from 2024 [4] - Domestic chip companies like Huawei and Cambrian are making technological breakthroughs, providing more options for AI enterprises, while algorithm optimization is significantly reducing training costs for large models [4] Infrastructure Development - The Huannan Shugu Smart Computing Center, a key node in the Guangdong-Hong Kong-Macao Greater Bay Area, is operational and supports various AI industries [5] - The computing power market is attracting cross-industry investments, with companies like Shenzhen Jiemite Technology and Gansu King Kong Photovoltaic entering the smart computing field [6][7] - The competition in the computing power sector is intensifying, with nearly 150 operational smart computing centers and around 400 projects under construction or planning [7] New Initiatives - The "East Data West Computing" initiative aims to create a national integrated computing network, optimizing resource allocation across regions [9] - The national integrated computing monitoring platform has achieved monitoring and analysis of computing resources across eight major hubs, covering over 830 computing centers with a total computing power exceeding 292 EFLOPS [10] - The collaboration between regions, such as the synergy between Shenzhen and Ningxia Zhongwei, is expected to enhance the efficiency of computing resource sharing and support emerging industries [11]

Core Insights - A new wave of technological revolution and industrial transformation is reshaping the global innovation landscape, with the digital economy emerging as a new engine for high-quality economic development [1] - Beijing is positioning itself as a national hub for digital economy development, focusing on the deep integration of digital and real economies [1] - The launch of the Baode Advanced Computing Laboratory represents a significant milestone in the collaboration between Baode and Huawei, aimed at promoting autonomous innovation in computing power [1][2] Group 1: Event and Collaboration - The "Artificial Intelligence Empowering High-Quality Industrial Development Seminar and Baode Advanced Computing Laboratory Inauguration" was successfully held, marking a key development in the computing power industry in Beijing [1] - The laboratory serves as a platform for showcasing technological innovations and facilitating industry collaboration, integrating product display, POC validation, ecological adaptation, and industry communication [1][2] Group 2: Industry Challenges - The computing power industry faces three main challenges: 1. Technical innovation is still needed, particularly in core algorithm optimization and architecture design [5] 2. There is a lack of synergy between research and application, leading to inefficiencies in market transformation of technological innovations [5] 3. The industry chain faces collaboration barriers, with a need for improved compatibility testing and system adaptation across different vendors [5] Group 3: Future Prospects - Baode and Huawei are exploring pathways to overcome these challenges through technological innovation and industry collaboration, with the Baode Advanced Computing Laboratory being a critical step in this direction [6] - The laboratory is designed to showcase a comprehensive range of solutions from general computing to AI clusters, enhancing the visibility and accessibility of computing power innovations [6] - Baode aims to leverage this laboratory to strengthen its position in the computing power industry and contribute to the digital transformation across various sectors [6][7]

Core Insights - The article emphasizes that computing power encompasses not only computational capabilities but also supporting network transport and data storage capabilities [1] - For computing power to be effective, hardware such as servers, chips, and storage devices, along with software including operating systems, cloud computing platforms, and AI frameworks, as well as network connectivity, must all be "online" simultaneously [1] - As of the end of 2024, China's total computing power is projected to reach 280 EFLOPS (exaflops) [1] - The computing power market is experiencing a structural imbalance characterized by both "surplus" and "shortage" [1]

Group 1 - The core viewpoint of the articles highlights the challenges and dynamics within the computing power rental market, including the influence of relationships on project acceptance and the pricing strategies of major tech companies [1][2][12]. - Major tech companies are leveraging their market position to negotiate lower prices for computing power, often below market rates, which can lead to financial strain for rental companies [2][12]. - The acceptance process for computing power projects is often influenced by the relationships between the parties involved, leading to disparities in project timelines and financial impacts [1][2]. Group 2 - The release of the draft for the National Integrated Computing Power Network outlines technical requirements and aims to improve resource utilization and balanced development across regions [3][4]. - The construction of large-scale computing power centers faces significant challenges, including high requirements for green energy and the need for strong justifications for projects outside major nodes [5][13]. - The competition for resources and pricing in the computing power market is intense, with various stakeholders vying for the best deals, leading to fluctuating prices and project delays [12][13]. Group 3 - A major AI company in Shanghai has accumulated a significant amount of computing resources, indicating a strong position in the domestic intelligent computing sector [6]. - Reports suggest that some companies are facing operational challenges, leading to the sale of computing hardware resources to manage financial pressures [7]. - A project initiated by Alibaba in Dongguan is currently stalled, highlighting the complexities and risks associated with large-scale computing power deployments [8]. Group 4 - The market for specific computing hardware, such as the H20 and H200 models, has seen price volatility due to external factors, including export restrictions, affecting demand and project planning [9][10]. - Some large-scale computing projects are facing issues with compliance and resource allocation, as evidenced by a project in a central region that is reportedly selling computing resources against initial agreements [11]. - The introduction of computing power vouchers as a subsidy mechanism is reshaping market dynamics, often benefiting the consuming parties more than the providers [15].

Group 1 - The Shenzhen Stock Exchange's subsidiary will launch five new thematic indices focused on the ChiNext market, including battery, medical, computing infrastructure, media, and fintech indices on June 27 [1][2] - The ChiNext market has shown significant industrial clustering characteristics in sectors like batteries and healthcare, with listed companies having substantial market capitalizations of 1.8 trillion yuan and 1.0 trillion yuan respectively [1][2] - The new indices will consist of 50 stocks with large market capitalizations and good liquidity, reflecting the diversified and innovative characteristics of the ChiNext market [2] Group 2 - The battery index will include companies involved in core areas of the battery industry, such as production, materials, and manufacturing equipment, featuring leading firms like CATL and EVE Energy [2] - The launch of these indices signifies an enhancement and expansion of investment targets in the "Chuang" series, providing a better platform for investors to capture the benefits of transformation and upgrading [2]

Group 1 - The article highlights the importance of weekly announcements from Sunday to Thursday regarding significant stock market events, including suspensions, increases or decreases in holdings, investment wins, acquisitions, earnings reports, unlocks, and high transfers, with key announcements marked in red to assist investors in identifying investment hotspots and preventing black swan events [1] - The company is currently laying out products related to solid-state batteries, indicating a strategic focus on this emerging technology [1] - The company provides information services such as CIPS and digital currency bridges to numerous banks, showcasing its involvement in digital currency, military applications, cross-border payments, cloud computing, blockchain, and low-altitude economy [1] - The company plans to restructure and acquire a computing power enterprise, indicating its expansion into cross-border e-commerce, computing power, and AI glasses [1]

Group 1 - The core viewpoint of the news is that the cloud computing sector, particularly driven by advancements in artificial intelligence, is experiencing renewed activity in the A-share market, with specific ETFs showing positive performance [1][2] - The cloud computing ETF (517390) closely tracks the CSI Hong Kong-Shenzhen Cloud Computing Industry Index and includes major internet companies from Hong Kong, such as Alibaba and Tencent, which together account for over 20% of the index's weight [1] - The fund manager of the cloud computing ETF, Qi Shichao, emphasizes that the main driving force behind the current cloud computing market is the progress in the AI field, with significant attention on upcoming versions of ChatGPT and DeepSeek-R2 [1] Group 2 - Multiple institutions are optimistic about the cost-effectiveness of optical modules within the computing power sector, highlighting that high-speed optical modules are currently undervalued and in a period of performance certainty [2] - The computing power industry's core driving force is identified as the certainty of technological upgrades and the phased verification of performance, with a focus on stocks with low valuations that may attract capital due to technological breakthroughs or increased orders [2] - The computer ETF (159998) also showed positive movement, rising by 0.47% with a trading volume exceeding 35 million yuan, indicating active trading among its constituent stocks [2][3] Group 3 - The computer ETF (159998) tracks the CSI Computer Theme Index, which selects stocks from the information technology services, application software, system software, and computer hardware sectors [3] - As of March 31, the top ten holdings of the computer ETF include leading companies such as Hikvision, Zhongke Shuguang, and Keda Xunfei, indicating a strong focus on industry leaders [3]

Group 1 - The China Securities Big Data Industry Index (930902) rose by 0.59% as of June 5, 2025, with notable increases in constituent stocks such as Bosi Software (up 4.27%) and Deepin Technology (up 2.60%) [1] - The Data ETF (516000) also saw a rise of 0.56%, marking its third consecutive increase, with a latest price of 0.9 yuan [1] - Over the past week, the Data ETF has accumulated a rise of 2.05% [1] Group 2 - The Ministry of Industry and Information Technology (MIIT) held a special meeting to promote the development of the artificial intelligence industry, emphasizing the need for systematic planning and collaborative advancement [2] - The MIIT's recent initiatives aim to strengthen the industrial foundation, enhance computing power supply, and promote the deployment of large models in key manufacturing sectors [2] - The report highlights the importance of cultivating AI-enabled application service providers and accelerating the iterative application of industry-specific large models [2] Group 3 - Industrial analysts at Industrial Securities view the computing power industry as a high-growth sector benefiting from both policy and industrial transformation [2] - The MIIT's "Computing Power Interconnection Action Plan" outlines new requirements for computing power interconnectivity and public computing power standardization [2] - The restructuring of domestic companies like Haiguang and Shuguang is expected to enhance competition among domestic computing power leaders and concentrate market share among top companies [2]

Core Insights - The development of the computing power industry in China is accelerating, with a projected market size of 211.6 billion yuan by 2025, driven by a series of policies from central to local governments [1][5] - The launch of the China Computing Power Platform (Shandong) marks a significant step towards the integration of computing resources nationwide [1][2] - The computing power industry is becoming a new growth sector, with numerous listed companies actively pursuing opportunities through investments and collaborations [3][4][5] Policy and Market Development - Various regions, including Beijing, Shenzhen, and Tianjin, have introduced policies to promote the computing power industry, recognizing its role as a core driver of the digital economy [2] - Legislative measures, such as the "Guiyang Computing Power Industry Promotion Regulations," have been enacted to support industry growth [2] - The establishment of a standardized system for collaborative development of computing networks is essential to address existing challenges in the industry [2] Industry Collaboration and Investment - Companies are increasingly forming partnerships and making investments to strengthen their positions in the computing power supply chain [3][4] - Notable collaborations include the merger of Haiguang Information and Zhongke Shuguang, aimed at enhancing competitive advantages in high-end chip development [4] - Several companies, such as Dongxin Co., are investing in promising startups to capture key segments of the computing power market [3] Market Growth and Opportunities - The computing power market is expected to reach 1,037.3 EFLOPS by 2025, with significant growth in demand for computing services [5][6] - Listed companies have reported substantial orders related to computing power services, with total amounts exceeding 8 billion yuan this year [5] - The year 2023 is being referred to as the "Year of Computing Power Leasing," indicating a rapid increase in demand across various industries [5][6]