消息面上值得关注的是，据2025中国算力大会介绍，中国算力平台正加快建设。目前，已有山西、辽宁、 上海、江苏等10个省区市的算力分平台正式接入。预计2025年，我国智能算力规模增长将超过40%。 从基本面看，此前海光信息发布2025年半年度报告，上半年，公司实现营业收入54.64亿元，同比增长 45.21%；净利润12.01亿元，同比增长40.78%。与此同时中科曙光（603019）发布2025年半年度业绩快报显 示，上半年，公司实现营业收入58.54亿元，同比增长2.49%；净利润7.31亿元，同比增长29.89%。 此外值得一提的是，海光信息拟换股吸收合并中科曙光备受市场关注。8月6日，海光信息公告表示，自本 次交易预案披露以来，公司及有关各方正在积极推进本次交易的相关工作。 华安证券（600909）指出海光信息拟通过换股吸收合并的方式对中科曙光进行战略整合，旨在实现公司在 芯片领域、中科曙光在整机和数据中心基础设施领域的优势技术积累、团队和资金能力、供应链和市场资 源等资源上的互补和深度融合，以产业链垂直整合、技术协同，构建从芯片设计到算力服务的全栈能力， 加速算力产业生态环境构建，提升与国际龙头企业的 ...

Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang aims to strategically combine their strengths in the chip and data center infrastructure sectors, enhancing competitiveness and fostering the development of China's computing power industry [1][2]. Group 1: Merger Details - Haiguang Information and Zhongke Shuguang announced a stock swap merger plan on June 9, with a swap ratio of 0.5525:1 [1]. - Following the merger, Zhongke Shuguang will be delisted, and Haiguang Information will inherit all assets, liabilities, and rights of Zhongke Shuguang [1]. - The stock price for Haiguang Information is set at 143.46 CNY per share, while Zhongke Shuguang's price is 79.26 CNY per share [2]. Group 2: Strategic Objectives - The merger is intended to leverage Haiguang Information's technology in chips and Zhongke Shuguang's capabilities in complete machines and data center infrastructure, promoting resource integration and technological breakthroughs [2]. - The transaction aims to enhance the resilience of the industrial chain and accelerate the construction of the computing power industry ecosystem, improving competitiveness against international leaders [2]. Group 3: Stock Resumption - Both companies' stocks will resume trading on June 10 [3].