阿联酋将在阿布扎比投资290亿美元新建13个住宅社区 阿联酋 全球数字贸易博览会在华开幕，中国携手阿联酋共促数字经济合作 作为中国唯一的国家级数字贸易平台，第四届全球数字贸易博览会于9月25日至29日在杭州举办。阿联酋作为主宾国之一与印尼共同参展。展会吸引1700余 家企业参展：国际展商占比超20%，其中70余家为全球500强；国际客商超1万人，较去年增长54%；阿联酋和印尼设立国家馆；联合国贸发会议等30余个国 际组织。阿联酋国家馆重点呈现其在数字经济、金融科技、人工智能和智慧政务等领域的最新进展。近年来，中阿关系持续深化，双边年度贸易额已达900 亿美元，预计于2030年实现2000亿美元的目标。（阿联酋通讯社） 中油工程：子公司签署5.13亿美元阿联酋 LNG 输送管线项目合同 9月21日，中油工程（600339.SH）公告称，公司全资子公司管道局工程公司与 ADNOCGas 就阿联酋阿布扎比天然气公司巴伯油田和布哈萨油田天然气管线 总包项目签署 EPC 承包合同，合同金额5.13亿美元（约36.88亿元人民币）。合同履行期限为建设工期36个月完成调试投产，之后进入12个月质保期。该合 同预计将对其未来 ...

在全球治理体系经历深刻变革的当下，持续深化互联互通，携手践行全球治理倡议，已成为越来越 多国家的共识。 国际友城合作如何焕发新生机？智慧互联如何加速第二届中国—中亚峰会成果清单落地？智库合作 如何推动共建"一带一路"高质量发展？ 连日来，围绕欧亚发展热点话题，国内外新老朋友共聚西安，在2025欧亚经济论坛上建言献策、交 流观点，为欧亚区域合作提供智力支撑。 友城共话 构建数字经济生态 今天，全球数字化转型浪潮澎湃，数字经济成为驱动城市高质量发展的核心引擎。 如何以数字赋能激发国际友城发展新动能？ 西安市数据局副局长郭锐在发言中分享了自己的看法："近年来，西安锚定国家数字经济发展战 略，持续夯实5G、数据中心等数字基础设施'硬支撑'，不断推动数字技术与先进制造、文化旅游、城市 治理深度融合，让数据要素跨区域流动、数字成果跨国界共享。" 数字经济中外对接会上，各国嘉宾围坐一堂，围绕智慧交通建设、生态数字监测、跨境数据共享等 议题深入交流，一个个潜在合作意向在高效沟通中逐渐清晰。 丝路绵延，城市数字领域合作前景广阔。厄瓜多尔昆卡市政府国际关系与合作局局长费利佩·奥乔 亚-莫格罗韦霍说："我们对于交通、生态环境方面的 ...

据"非洲简报"网9月15日报道，加纳财政部副部长在阿克拉举行的毕马威基础设施路演上宣布，加 政府将在2025年推出雄心勃勃的"大跃进"计划，向优先基础设施项目投入139亿加纳塞地（约11亿美 元）以解决该国长期存在的发展差距并促进长期增长，预计到2028年年度投资将增至212亿加纳塞地 （约16亿美元）。 该计划将主要利用年度预算资金额（ABFA）下的石油收入和矿产使用费，加财政部将重组这些资 金，重点用于道路和交通、能源和发电、数字基础设施以及城乡发展。据估计，未来30年，加纳每年必 须获得约370亿美元的资金才能实现各行业的发展目标，而仅维护现有资产每年就将额外花费80亿美 元。加纳在全球基础设施中心指数中得分为47分（满分100分），远低于中低收入国家的平均水平，凸 显了其投资不足的问题。加纳基础设施投资基金（GIIF）预计将创建特殊目的载体来吸引私人资本、混 合融资和国际发展资金。 （原标题：加纳启动基础设施"大跃进"战略） ...

Group 1 - The core viewpoint of the news is the implementation of the "Implementation Opinions" by the Shandong Provincial Government, which aims to accelerate the integration of the digital economy with the real economy, enhancing the quality and scale of digital economic core industries [1][2] - By 2027, the market-oriented and value-oriented path for data elements is expected to mature, with the annual growth rate of the added value of digital economy core industries exceeding 10%, and the proportion of this added value in GDP steadily increasing [1] - The plan emphasizes the development of key core technologies, focusing on cutting-edge fields such as humanoid robots, brain-computer interfaces, and quantum science, with a commitment to implement major foundational research projects annually [1][2] Group 2 - The "Implementation Opinions" outline the optimization of digital infrastructure construction, including the high-standard establishment of the Qingdao International Communication Business Exit Bureau and the acceleration of high-speed data transmission network construction [2] - The initiative includes the promotion of digital transformation in traditional industries, with specific targets such as creating over 100 smart farms and smart fisheries by the end of 2025, and establishing around 10 national-level intelligent factories [2] - The plan also aims to develop high-end productive service industries, including digital finance and modern logistics, while accelerating the digital transformation of marine industries, particularly in smart fisheries [2]

Domestic News - The US and China have reached a consensus to continue the suspension of the 24% tariff on Chinese goods, effective for 90 days starting August 12, 2025, while retaining the remaining 10% tariff [1] - The People's Bank of China emphasizes the implementation of a moderately loose monetary policy, focusing on promoting reasonable price recovery as a key consideration [2] - A new fiscal subsidy policy for personal consumption loans has been introduced, covering various sectors including home appliances, automotive, and healthcare, with specific conditions for loans below and above 50,000 yuan [3] - The State Council has decided to modify the regulations for foreign entry and exit, introducing a new K visa for foreign young scientific and technological talents [2] - The Ministry of Finance has allocated 188 billion yuan in special long-term bonds to support equipment upgrades, impacting approximately 8,400 projects and driving total investment exceeding 1 trillion yuan [7] Industry News - The Central Economic Committee has called for the promotion of high-quality development in the marine economy, with plans to establish national marine economic development demonstration zones [4][5] - The State Administration for Market Regulation has proposed new regulations to strengthen the supervision of intelligent connected vehicles, focusing on accurate consumer information and preventing misleading advertising [8] - The National Bureau of Statistics reported a 5.7% year-on-year increase in industrial output in July, with a 3.7% increase in retail sales, indicating a stable economic recovery [8] - The China Securities Regulatory Commission has published a report on the financial disclosures of listed companies, highlighting the need for improved transparency and regulatory oversight [10]

Group 1 - The core viewpoint of the news is that during the "14th Five-Year Plan" period, China's digital infrastructure has achieved world-leading status in terms of scale and technology, significantly contributing to the development of the digital economy and data circulation [1][2][3] - As of June 2023, the total number of high-quality data sets built in China exceeds 35,000, with a total volume of over 400PB, which is approximately 140 times the digital resources of the National Library of China [4][5] - By the end of 2023, the number of data circulation node cities in China is expected to expand to around 50, covering 80% of provinces, laying a foundation for large-scale cross-regional data circulation [3][4] Group 2 - The National Data Bureau has introduced over 10 new systems, including data property rights, as part of a comprehensive policy approach to promote the market-oriented allocation of data elements [2] - The number of 5G base stations is projected to grow fivefold by June 2025 compared to 2020, reaching 4.55 million, while the number of gigabit broadband users is expected to increase 34 times to 226 million [2] - The digital economy is expected to see software revenue grow by 80% by the end of 2024 compared to 2020, and the added value of the electronic information manufacturing industry is projected to increase by over 70% [2] Group 3 - The National Data Bureau has established data infrastructure guidelines and technical specifications to support the construction and operation of data infrastructure, with over 2,000 entities connected to the infrastructure [3] - The trial of "data corpus pricing as equity" is being implemented to encourage enterprises to convert high-quality data sets into equity investments [5] - The National Data Bureau plans to continue promoting the construction of high-quality data sets and enhance the recognition of data element value across society [5]

Core Viewpoint - Data is recognized as a new production factor and is crucial for developing new productive forces, with significant achievements in building a digital China during the "14th Five-Year Plan" period [1] Group 1: Digital Infrastructure Development - Digital infrastructure is essential for the growth of the digital economy and supports the digital transformation of industries. China's digital infrastructure is leading globally in scale and technology, with 5G base stations increasing fivefold to 4.55 million and gigabit broadband users growing 34 times to 226 million by June 2025 [2] - The establishment of a unified standard and technical framework is necessary for the large-scale circulation of data across different industries and regions. The National Data Bureau has developed guidelines and technical specifications to facilitate this [2][3] - As of now, data infrastructure has been built in 25 cities, with plans to expand to around 50 cities by the end of the year, covering 80% of provinces, laying a solid foundation for cross-regional data circulation [2] Group 2: Empowering Industries with Data - Various industries are leveraging data to enhance efficiency, such as improving crop yields by 5.5% through smart fertilization and increasing drilling decision efficiency by 15 times using large-scale data models [4] - By the end of 2024, software revenue in China is expected to grow by 80% compared to 2020, and the added value of the electronic information manufacturing industry is projected to increase by over 70% [4] - The number of internet users in China has reached 1.123 billion, with an internet penetration rate of 79.7%, indicating that digital services are increasingly accessible to the public [4] Group 3: National Integrated Data Market - China is the first country to recognize data as a production factor, and the establishment of a national integrated data market is crucial for supporting this [6] - The National Data Bureau has accelerated the development of the data market, with a 70% year-on-year increase in new data products launched by major data trading institutions in the first half of the year [7] - The cumulative transaction volume of high-quality data sets reached nearly 4 billion yuan, with a total scale of 246 petabytes by June [7] Group 4: Future Directions - The cultivation of a national integrated data market is a gradual process that requires ongoing efforts. The National Data Bureau aims to enhance market-oriented reforms and promote high-quality development through data market expansion [8]

Group 1 - The core viewpoint of the articles highlights the significant progress in China's digital infrastructure and the robust development of the digital economy, with a focus on the construction of a national integrated data market [1][2] - Since the implementation of the "14th Five-Year Plan," the "East Data West Computing" project has been deeply promoted, establishing five of the eight computing power hub nodes in the western region, leveraging its clean energy advantages for regional coordinated development [1] - As of the end of 2024, China's software revenue is expected to grow by 80% compared to 2020, and the added value of the electronic information manufacturing industry has increased by over 70%, with over 10,000 smart factories established across more than 80% of manufacturing industry categories [1] Group 2 - The National Bureau of Statistics has introduced 21 policies related to the development and utilization of public data resources last year, with over 10 more systems, including data property rights, expected to be launched this year [2] - A number of data enterprises focusing on data aggregation, sharing, and utilization are emerging, with standards and norms being continuously introduced, leading to an increasingly active data trading environment [2] - The digitalization of public services in education, healthcare, social security, and elderly care is improving, breaking down traditional barriers in public service processes and data, resulting in more efficient and convenient online services [2]

Group 1: Liquid Cooling Solutions - The company offers a comprehensive liquid cooling solution that includes intelligent engineering, key equipment, IoT software, and smart services, addressing the demand for liquid cooling deployment [1] - Key products include fluorine system cold plate systems, water-cooled cold plate systems, and liquid cooling containers, which have been successfully deployed in the Middle East [1] - The company emphasizes the importance of liquid cooling technology applications and market opportunities, aiming to convert orders quickly [1] Group 2: Overseas Expansion - In 2023, the company began its overseas expansion, initially following the lead of major players like Alibaba and ByteDance, and later shifting to a more proactive approach [2] - The company confirmed overseas order revenue of 47.72 million yuan in 2024, with established subsidiaries in Malaysia and coverage in Southeast Asia and the Middle East [2] - The strategy includes setting up local subsidiaries to meet the demands of expanding overseas markets [2] Group 3: Financial Performance and Strategy - The company has focused on the information data sector, resulting in a revenue increase of 42.84% to 1.145 billion yuan in 2024 and 26.44% to 318 million yuan in Q1 2025 [3] - The company ranks third in the Chinese data center air conditioning market as of 2024, reflecting the effectiveness of its focused strategy [3] - The management emphasizes a flat decision-making structure to quickly respond to key customer needs [4] Group 4: Key Clients and Future Goals - Major strategic clients include Alibaba, ByteDance, Huawei, and Tencent, with ongoing positive order conditions [5] - The company aims to enhance its professional capabilities and expand its strategic customer base and overseas markets in 2025 [5] - Key operational goals for 2025 include promoting refinancing projects, advancing R&D, and optimizing performance management systems [5]

Financial Performance - Core revenues increased by 20% from €1376 million in 1H2024 to €1403 million in 1H2025 [11] - Adjusted EBITDA increased by 30% from €935 million in 1H2024 to €963 million in 1H2025 [11, 23] - Recurring FCFE (Free Cash Flow to Equity) generation was approximately €63 million [9] - Net Debt to Adjusted EBITDA ratio increased from 069x in 2024FY to 094x in 1H2025 [11] Revenue Breakdown - Media Distribution revenues increased by 18% [14] - Digital Infrastructure revenues increased by 36%, driven by tower hosting and initial contributions from data centers and connectivity [14, 17] Operational Costs - Opex (excluding non-recurring items) increased by 37% [19] - Personnel costs increased by 99%, influenced by the renewal of the collective labor agreement and increased workforce related to diversification initiatives [19, 22] - Other Operating costs decreased by 33%, but increased by approximately 6% YoY when excluding lower level of capitalization compared to 1H24 [19, 22] Capital Expenditure (Capex) - Development capex for diversification initiatives is expected to be below 2024 levels [9, 26] - Maintenance capex is above the recurring normalized level due to extraordinary non-recurring activities [9, 26] Strategic Initiatives - Framework agreements established with 3 major live streaming content providers in Italy for CDN (Content Delivery Network) [9] - Extended Edge DC offerings to include IaaS (Infrastructure as a Service) services, targeting medium enterprises with private cloud applications [9]