当前，全球AI算力建设进入爆发期，高功率、高稳定的供电成为算力集群的"生命线"。我国算力中心、 超算集群建设全面提速，叠加"东数西算"工程纵深推进，作为"电力心脏"的变压器肩负重任。 记者在广东、江苏等地调研发现，大量变压器工厂已经处于满产的状态。江苏的一家变压器工厂，产品 订单已经排到2027年底，其中，国内首台全绝缘超高压大容量变压器近日发往北美市场。 数据显示，我国变压器行业企业约3000家。2025年，我国变压器出口总值达646亿元，比2024年增长近 36%。 当前，我国算力中心、超算集群建设全面提速，作为"电力心脏"的变压器肩负重任。 随着"东数西算"工程深入推进，全国多地算力园区密集落地，2025年国内变压器市场规模同比增长超 20%，其中AI算力、特高压相关高端产品订单占比已突破35%，成为产业增长的核心引擎。 ...

国家统计局：2026年1月份中国制造业采购经理指数为49.3% 比上月下降0.8个百分点 国家统计局、中国物流与采购联合会31日发布2026年1月份中国采购经理指数。数据显示，1 月我国制造业市场需求有所收紧，但企业生产保持扩张态势，产业结构继续优化；服务业运行 态势相对稳定，企业预期持续向好。2026年1月份中国制造业采购经理指数为49.3%，比上月 下降0.8个百分点。1月份装备制造业采购经理指数为50.1%，高技术制造业采购经理指数为 52%，装备制造业和高技术制造业稳中向好发展，制造业产业结构持续优化。 北京经济技术开发区：推进数模混合、存算一体等芯片架构研发创新 延伸场景定义芯片、行 业专用芯片、使能软件等产业链条 北京经济技术开发区管理委员会印发《关于进一步加快建设全域人工智能之城的实施方案 （2026—2027年）》。其中提到，夯实智能原生基础能力。发挥集成电路制造能力优势，推 动"设计-制造-封测-算力"一体化协同发展，牵引算力基础设施与高性能智算产业持续迭代。推 进数模混合、存算一体等芯片架构研发创新，延伸场景定义芯片、行业专用芯片、使能软件等 产业链条。推动通用与垂类模型协同发展，加快认知 ...

Core Insights - The transformer industry is experiencing a significant surge in demand, with a notable increase in exports by nearly 36% last year, reaching 64.6 billion yuan, and a factory in Jiangsu having orders booked until the end of 2027 [1][4] Group 1: Industry Drivers - The internal driver for this demand surge is the rapid development of AI computing infrastructure in China, particularly the "East Data West Computing" initiative, which requires advanced transformers to support the high power demands of AI data centers and supercomputing centers [3][4] - Externally, there is a global need for energy transition and grid upgrades, with developed countries facing urgent demands to modernize aging power grids and integrate renewable energy sources, which also require robust transformers [4] Group 2: Competitive Advantage - China's transformer industry has developed a comprehensive global advantage in technology, cost, and delivery capabilities, as evidenced by the export of a fully insulated ultra-high voltage transformer to North America, marking a shift from low-end to high-end product exports [4] - The industry's evolution reflects a broader trend in Chinese manufacturing, transitioning from a cost-based competitive edge to a systemic advantage based on technology, supply chain efficiency, and timely delivery [4] Group 3: Investment Opportunities - Investors are encouraged to identify infrastructure opportunities that support emerging technologies, such as transformers, which are essential for AI and computing advancements [5] - There is a strong emphasis on the potential of manufacturing sectors that can leverage China's industrial advantages while meeting overseas demand, as demonstrated by the 36% growth in transformer exports [5] - The visibility of orders extending to 2027 serves as a strong indicator of sustained demand and profitability for companies in this sector, providing a more reliable metric than short-term stock price fluctuations [5] Group 4: Future Considerations - The industry raises questions about which high-end manufacturing sectors may exhibit similar systemic advantages and export potential in the future, such as industrial robots or CNC machine tools, warranting ongoing observation [6]

变压器订单激增的背后，是算力用电的大幅增长。作为"电力心脏"的变压器肩负重任。在广东，2025年 全省数据中心用电量同比增幅接近30%，其中韶关算力集群用电增速连续多月超过50%。 SFC 当前，全球AI算力建设进入爆发期，高功率、高稳定的供电成为算力集群的"生命线"，电力设备变压器 正升级为算力基础设施的核心。记者在我国广东、江苏等地调研发现，大量变压器工厂已经处于满产的 状态，其中部分面向数据中心的业务订单都排到了2027年。 全球AI算力中心的爆发式增长，让变压器成为稀缺资源，美国市场交付周期已经从50周延长至127周。 广东佛山某电气设备有限公司营销负责人李霞表示，相对欧美的交付周期，我们大约不到它们的五分之 一。目前订单比较充沛，我们希望将海外的营收占比达到50%及以上。 满产的情况也出现在长三角，在江苏的一家变压器工厂，产品订单已经排到2027年底。 中国电力企业联合会电力装备分会秘书长蔡义清：我国已经成为世界第一大变压器生产国，建成了全球 最完备的变压器生产体系，具有全产业链自主可控的硬实力，产能约占全球60%。 来源丨央视财经 ...

Group 1 - The global AI computing power construction is experiencing explosive growth, with high-power and stable power supply becoming the "lifeline" of computing clusters, leading to transformers upgrading as core infrastructure [1] - In Guangdong and Jiangsu, transformer factories are operating at full capacity, with some orders for data center-related products scheduled for delivery as far out as 2027 [1] - In Foshan, an electrical equipment company reported an order increase of 70-80% year-on-year within the first month of the year, with production lines running at full capacity from day one [1] Group 2 - The delivery cycle for transformers in the US market has extended from 50 weeks to 127 weeks due to the explosive growth of global AI computing centers, making transformers a scarce resource [1] - China's transformer industry consists of approximately 3,000 companies, with an expected export value of 64.6 billion yuan by 2025, representing a nearly 36% increase from 2024 [1][2] - China has become the world's largest transformer producer, accounting for about 60% of global production capacity, and has established a complete transformer production system with independent control over the entire industry chain [2] Group 3 - The construction of computing centers and supercomputing clusters in China is accelerating, with transformers playing a crucial role as the "power heart" [3] - In Guangdong, the electricity consumption of data centers is expected to increase by nearly 30% year-on-year by 2025, with the Shaoguan computing cluster's electricity growth rate exceeding 50% for several consecutive months [3] - The domestic transformer market is projected to grow by over 20% year-on-year by 2025, with orders for AI computing and ultra-high voltage related high-end products accounting for over 35%, becoming the core engine of industry growth [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 金融市场瞬息万变，投资与经济政策深刻影响全球。我们为您带来昨夜今晨的财经新闻，涵盖股市动 态、经济数据、企业财务和政策更新，帮助您全面把握金融世界。 从狂热到踩踏，贵金属市场的"两脚刹车" 2026年1月底，国际金银价格在创历史新高后突发暴跌，创40年来最大单日跌幅。分析指出，这并非偶 然，而是市场过热后的技术性回撤。第一脚刹车源于极端上涨后的获利了结与杠杆资金平仓引发的踩 踏。第二脚刹车则因美联储鹰派主席提名及核心PPI数据超预期，动摇了市场对提前降息的押注，推高 实际利率与美元，削弱了黄金的吸引力。中长期看，地缘紧张与全球去美元化趋势仍构成结构性支撑， 但短期市场情绪脆弱，高波动风险需警惕。 组件价格跟着金属期货价格走 义乌中小光伏企业：不敢报价接单 新能源出口退税政策调整与银、铜、铝等金属价格大幅上涨形成双重冲击，导致义乌中小光伏企业陷入 经营困境。组件价格随金属期货剧烈波动，企业无法稳定报价，客户观望情绪浓厚，交易频现毁约。成 本结构中，飙升的白银价格使银浆取代硅料成为最大成本项。面对压力，企业纷纷清空库存避险，并尝 试拓展储能、逆变器业务或使用新材料 ...

1月31日，国产电力心脏全球爆单的背后，是算力用电的大幅增长。当前，全球AI算力建设进入爆发 期，高功率、高稳定的供电成为算力集群的"生命线"。随着"东数西算"工程深入推进，全国多地算力园 区密集落地，2025年国内变压器市场规模同比增长超20%，其中AI算力、特高压相关高端产品订单占比 已突破35%，成为产业增长的核心引擎。 数据显示，我国变压器行业企业约3000家。2025年，我国变压器出口总值达646亿元，比2024年增长近 36%。 在广东、江苏等地，大量变压器工厂已经处于满产的状态，其中部分面向数据中心的业务订单都排到了 2027年。全球AI算力中心的爆发式增长，让变压器成为稀缺资源，美国市场交付周期已经从50周延长 至127周。 ...

Group 1 - The global AI computing power infrastructure is experiencing explosive growth, with transformers becoming a core component of this infrastructure [1] - Many transformer factories in regions like Guangdong and Jiangsu are operating at full capacity, with some orders for data center-related products extending to 2027 [1] - The delivery cycle for the U.S. market has increased from 50 weeks to 127 weeks, indicating a significant demand for transformers [1] Group 2 - China's transformer industry consists of approximately 3,000 companies, with an expected export value of 64.6 billion yuan by 2025, representing a nearly 36% increase from 2024 [3] - The construction of computing centers and supercomputing clusters in China is accelerating, with transformers playing a crucial role as the "heart of power" [4] - In Beijing, a 500 kV power transmission and transformation project has commenced, which will supply power to high-tech industries [4] Group 3 - The "East Data West Computing" initiative is leading to the rapid establishment of computing parks across the country, with the domestic transformer market expected to grow over 20% year-on-year by 2025 [6] - Orders for high-end products related to AI computing and ultra-high voltage have surpassed 35%, becoming a core engine for industry growth [6]

每经AI快讯，当前，全球AI算力建设进入爆发期，高功率、高稳定的供电成为算力集群的"生命线"，电 力设备变压器正升级为算力基础设施的核心。记者在我国广东、江苏等地调研发现，大量变压器工厂已 经处于满产的状态，其中部分面向数据中心的业务订单都排到了2027年。全球AI算力中心的爆发式增 长，让变压器成为稀缺资源，美国市场交付周期已经从50周延长至127周。数据显示，我国变压器行业 企业约3000家。2025年，我国变压器出口总值达646亿元，比2024年增长近36%。 (央视财经) ...

格隆汇1月31日｜据央视财经，当前，全球AI算力建设进入爆发期，高功率、高稳定的供电成为算力集 群的"生命线"，电力设备变压器正升级为算力基础设施的核心。记者在我国广东、江苏等地调研发现， 大量变压器工厂已经处于满产的状态，其中部分面向数据中心的业务订单都排到了2027年。全球AI算 力中心的爆发式增长，让变压器成为稀缺资源，美国市场交付周期已经从50周延长至127周。数据显 示，我国变压器行业企业约3000家。2025年，我国变压器出口总值达646亿元，比2024年增长近36%。 ...