Group 1: Automotive Chip Industry - The Ministry of Industry and Information Technology (MIIT) of China has announced plans to accelerate the standardization of automotive chips, including the development of common specifications for environmental reliability, information security, and consistency testing [2] - By 2025, the automotive chip market in China is expected to reach approximately 95.07 billion yuan [2] - High-end automotive chips are currently dominated by foreign manufacturers, indicating a pressing need for domestic production in areas such as MCU, smart power devices, and power management chips [2] Group 2: Data Resource Development - The National Data Bureau has emphasized the importance of developing a national integrated data resource utilization system, focusing on market-oriented and value-driven approaches [3] - The push for public data development and utilization policies aims to unlock the value of public data and foster a new model for large-scale data circulation [3] - The data industry ecosystem is expected to grow, with a focus on data infrastructure, data annotation, and companies with unique high-quality datasets [3] Group 3: GPU Resource Acquisition - ByteDance has acquired GPU resources valued at approximately 2 billion yuan from Tencent, primarily consisting of NVIDIA H20 cards and servers [4] - In the first quarter of the year, ByteDance reportedly stockpiled around 100,000 GPU modules, with an estimated total value of 100 billion yuan [5] - Alibaba has announced plans to invest over 380 billion yuan in cloud and AI hardware infrastructure over the next three years, indicating a significant increase in AI infrastructure investment across the industry [5] Group 4: Explosives Industry Outlook - The explosives industry is expected to see improved conditions due to policy support and the gradual release of downstream demand, with a reported 1.5% increase in explosive production and a 23.03% increase in total profits in the first quarter of 2025 [6] - Mining investment is projected to grow by 10.5% in 2024, maintaining stable demand for explosives in the mining sector [6] - The demand for explosives in regions like Xinjiang and Tibet is on the rise, driven by increased mining activities and government support for infrastructure projects [6]

Group 1 - The core viewpoint of the news is the milestone significance of the first joint meeting of the Shantou, Chaozhou, and Jieyang cities, which aims to promote high-quality development in the Shantou-Chaozhou-Jieyang urban agglomeration through a comprehensive action plan for 2025-2026 [1][2] - The action plan establishes a top-level design for the urban agglomeration, including a rotating chair system for joint meetings and a leadership group composed of city leaders to enhance collaboration across various sectors [1][2] - The meeting marks a transition from "coordinated development" to "integrated construction," emphasizing the need for a more cohesive economic and infrastructural framework among the three cities [1][2] Group 2 - The action plan outlines four key areas of cooperation, with a total of 22 specific tasks and 29 priority projects for the current year, focusing on enhancing regional economic vitality [2][3] - A comprehensive transportation system is prioritized, aiming to establish a "one horizontal, four vertical, three ring" transportation framework to facilitate connectivity and economic integration [3] - The plan addresses the high degree of industrial homogeneity among the three cities by promoting the upgrading of traditional industries and the clustering of digital industries, thereby creating a modern industrial system that is collaborative and complementary [3]

2025.04. 29 导读 ： 全国一体化算力网加快构建；核电核准节奏加速；解锁【第一财经智享会员】实时解读市场动态，把握投资 先机。 【第一财经智享会员专属】 【 今 日 速 读 】 精选行业研报，助您捕捉行业风口 【精选快读】 1、全国一体化算力网加快构建，机构看好相关产业链高速增长 1、全国一体化算力网加快构建，机构看好相关产业链高速增长 2、核电核准节奏加速，产业发展高景气延续 我国算力资源布局进一步优化，全国一体化算力网加快构建。 最 新 数 据 显 示 ， 截 至 今 年 一 季 度 ， 我 国 " 东 数 西 算 " 八 大 枢 纽 节 点 算 力 总 规 模 达 到 每 秒 2 1 5 . 5 百 亿 亿 次 浮 点 运 算 ， 其 中，智能算力规模占枢纽节点算力总规模的8 0 . 8 %；枢纽节点间2 0毫秒时延圈已基本实现，用户体验进一步提升；试 点开通9条"公共传输通道"，为中小企业、科研机构提供弹性网络服务，有助于生产经营和研发创新。算力作为支撑 人工智能发展的核心生产力，呈现出稳中有进的发展态势。 在2 8日举行的第八届数字中国建设峰会"数算一体 驱动未来"交流活动上，国家数据局相 ...

4月29日，算力概念股延续反弹，截至发稿，鸿博股份3连板，利通电子、ST华通涨停，平治信息、亿 田智能、润建股份等多股涨幅居前。 | 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 300571 | 平治信息 | +14.12% | 30.87 | | 300127 | 新锦动力 | +11.91% | 3.57 | | 300911 | 忆田智能 | +10.13% | 43.61 | | 603629 | 利通电子 | +10.00% | 23.97 | | 002229 | 鸿博股份 | +9.98% | 14.44 | | 300249 | 依米康 | +7.02% | 13.26 | | 002929 | 润建版份 | +6.23% | 49.26 | | 301396 | 宏景科技 | +6.05% | 80.30 | | 601126 | 四方股份 | +5.97% | 17.04 | | 002015 | 协鑫能科 | +5.46% | 7.34 | | 002602 | ST华通 | +4.96% | 7.40 | | 301070 | 开勒 ...

我国算力资源布局进一步优化，全国一体化算力网加快构建。 中信建投研报表示，中国移动"超万卡国产化智算中心工程项目"、"长三角智算中心项目"，中国联 通"吴江算力中心项目"分别获得备案，总投资超过141亿元。4月24日，谷歌发布2025Q1财报，2025Q1 资本开支为172亿美元，同比增长43%，并维持全年750亿美元资本开支指引不变，公司表示谷歌AI工具 的用户量大幅增长。此外，近期上市公司密集披露2024年报和2025年一季报，从已经披露的财报情况来 看，AI算力产业相关公司业绩显示出较好表现，印证行业维持高景气状态，建议持续关注增速高、估 值低的标的。 算力产业链相关港股： 亚信科技(01675)：亚信科技近日成功入围阿里云星河计划，双方联合推出"算力+平台+应用+服务"四位 一体的大模型一体机解决方案，面向千行百业提供从需求梳理、规划设计到私有化部署的"开箱即用"的 大模型软硬一体全流程产品服务。光大证券指出，公司预计2025年AI大模型交付业务营收将达2至3亿 人民币；后续可触达订单规模有望达数十亿人民币，预计有望在2026至2027年逐步落地。 万国数据-SW(09698)：截止2024年前三季度 ...

Core Insights - The article discusses the evolution of Chaojuvian from a survival phase to an aggressive growth phase, marked by the launch of the "Chaojuvian 2.0" plan focused on AI-driven business process reconstruction [1][2][4] - Chaojuvian aims to leverage four key technology areas: AI, data, computing power, and energy, to build a new ecosystem and drive the emergence of intelligent entities [5][7] Group 1: Company Development - Chaojuvian's business scale has increased from approximately 10 billion to over 40 billion in three years, with a customer base expanding from around 2,000 to over 24,000 [2][4] - The company has optimized its underlying capabilities through a comprehensive redesign of processes and organization, laying a foundation for future growth [4] Group 2: Technological Focus - The six key technology elements identified by Chaojuvian that will drive future changes across industries include AI, data, computing power, energy, materials, and biotechnology [5] - Chaojuvian's strategy includes a dual-ecosystem approach for computing power, integrating both Eastern and Western technological ecosystems [7] Group 3: New Product Launches - Chaojuvian has introduced multiple new products and solutions across three main areas: computing power, digital transformation, and energy [9][12] - The computing division has launched six major products, including upgraded liquid-cooled servers and AI integration platforms [12] Group 4: Energy Solutions - In the energy sector, Chaojuvian aims to create a digital and efficient thermal management system for electric vehicles, charging stations, and power grids [13] - New products in the energy field include split charging hosts and liquid-cooled ultra-fast charging terminals, along with AI-driven operational maintenance services [13] Group 5: Future Direction - Chaojuvian positions itself as an ecosystem-oriented enterprise, emphasizing exploration as a key theme for its next phase of development [16]

Core Insights - The report emphasizes the importance of technological modernization as a foundation for achieving high-quality development in China, aiming for a strategic goal of becoming a technological powerhouse by 2035 [6][9] - The manufacturing PMI for March 2025 is reported at 50.5, indicating a slight increase from the previous value of 50.2, suggesting a stable manufacturing environment [6][9] - The report highlights the ongoing efforts to clean up existing illegal charging policies, indicating a proactive regulatory approach [6][9] Domestic Market Performance - The Shanghai Composite Index closed at 3,335.75, down 0.46%, while the Shenzhen Component Index closed at 10,504.33, down 0.97% [4] - The average P/E ratios for the Shanghai Composite and ChiNext are reported at 14.25 and 37.48 respectively, indicating a mid-level valuation suitable for long-term investment [9][10] International Market Performance - The Dow Jones closed at 30,772.79, down 0.67%, while the S&P 500 and Nasdaq also experienced declines of 0.45% and 0.15% respectively [5] Industry Analysis - The report discusses the growth in the AI and computing power sectors, highlighting the increasing demand for data centers and AI infrastructure as key growth drivers [15][25] - The electrical equipment sector has shown strong performance, with the index rising 0.86% in March, outperforming the broader market [18] - The report notes a significant increase in domestic excavator sales and the release of humanoid robot products, indicating a robust machinery sector [28] Investment Recommendations - Investors are advised to focus on sectors such as electric power, precious metals, and diversified finance for short-term opportunities, while maintaining a balanced approach between defensive and growth stocks [12][14] - The report suggests that the new materials sector is expected to continue its growth trajectory, driven by increasing demand in manufacturing and technology integration [24] Key Data Updates - The report provides updates on the release of locked shares and the top ten active stocks in the Shanghai-Hong Kong Stock Connect, indicating market liquidity and investor interest [8]

作 者丨雷晨 编 辑丨倪雨晴 近年来，随着人工智能（AI）技术的迅猛发展，全球范围内掀起了一股AI算力中心建设的热 潮。 从中国各地的"智算中心"项目密集开工，到美国科技巨头动辄数百亿美元的数据中心投资， 算力基础设施成为新一轮科技竞赛的核心战场。 这股热潮之下，业内也开始出现不同的声音。阿里巴巴集团主席蔡崇信等业内人士警示"AI算 力投资存在泡沫"，而Me t a、英伟达等企业则坚称"AI算力需求远超供给"。 而当美国市场率先出现阶段性过剩信号，中国算力产业又该如何避免重蹈覆辙？ 美国算力泡沫隐现？ 今年以来，De e pSe e k凭借其高效、灵活和低成本的优势，引发全球大模型平权浪潮。 随着算力成本的不断降低，算力领域是否存在泡沫的争议日益加剧，其中，美国市场首先出 现了关于算力中心存在泡沫的论点。 今年1月，微软计划在2 0 2 5财年斥资8 0 0亿美元用于建设AI数据中心，重点用于开发能够训练 人工智能模型、部署人工智能以及基于云的应用程序的数据中心。 2月，Me t a正在探索建设一座巨型数据中心园区的计划，以支持其AI项目，预计投资额将超 过2 0 0 0亿美元。该公司CEO扎克伯格曾透露，计 ...

以下文章来源于36氪财经 ，作者丁卯 郑怀舟 36氪财经 . 36氪旗下官方账号。洞见市场，比99%的投资者更聪明。 政策积极有为， 基本面结构性改善成为市场共识。 文 ｜ 丁卯 编辑 ｜ 郑怀舟 来源｜ 36氪财经（ID： krfinance ） 封面来源 ｜ 视觉中国 本周，沪深市场放量反弹，市场情绪显著回暖，各宽基指数均迎来上涨，中小盘股领涨。具体来看，上证指数本周收盘上涨1.56%，深成指数上涨 2.19%，创业板指上涨1.61%，沪深300上涨1.39%，中证1000上涨3.79%。 分行业看，申万31个一级行业中26个实现上涨，其中，有色金属（7.08%）、国防军工（6.96%）和计算机（6.74%）涨幅居前，石油石化（-1.49%）、综 合（-1.03%）和房地产（-0.91%）跌幅靠前；概念板块方面，微软合作商、一体化压铸、商业航天指数涨幅靠前。 市场情绪方面，本周融资余额继续上涨，表明当前A股市场信心逐渐恢复，资金风险偏好提振。 两会落幕，警惕震荡 本周作为两会周，政策和经济基本面的表现成为市场的主要扰动。周内大盘低开高走，下半周在政府工作报告略超预期、美元走弱以及Manus横空出世带 动下 ...