一体化算网建设再提速，中国算力平台正式贯通。 根据财联社，国家超算互联网与七城算力中心"算力互联互通接入仪式"于 2025 中国算力大会主论坛顺利 举行。伴随国家超级计算太原中心、青岛"海之心"人工智能计算中心等七家算力中心正式接入，国家超算互联网连接的骨干节点型算力中心已突破 30 家。同 时中国算力平台正式贯通，首批包括山西、浙江、上海等 10 个省市。我们认为中国算力平台贯通与一体化算网建设有望统筹全国算力中心布局，加速国内 AI 产业发展，国产算力需求预计将受益。 催化剂： 地方智算中心投入加速增长。 风险提示： 国产算力芯片供给能力不及预期；国产 AI 大模型进展不及预期。 报告导读： 工信部优化算力基础设施布局，中国算力平台正式贯通，智算中心建设有望加 速，国产算力需求预计加速增长。 投资建议。 2025 年 8 月 23 日，工信部副部长熊继军在 2025 中国算力大会中表示将（ 1 ）完善算力布局政策体系，（ 2 ）优化算力基础设施布局，引 导各地合理布局智能算力设施。同日中国算力平台正式贯通，首批包括山西、浙江、上海等 10 个省市。我们认为以上举措有望统筹全国算力中心布局，加速 地方智算中 ...

Core Viewpoint - The Chinese computing power industry is transitioning from scale expansion to high-quality development, with significant advancements in infrastructure, technological innovation, and ecological construction [1]. Group 1: Industry Development - As of June 2023, China has 10.85 million standard racks in use for computing power centers and an intelligent computing power scale of 788 EFLOPS [1]. - The total storage capacity in China has exceeded 1680 EB, indicating continuous growth in storage capabilities [1]. - The "East Data West Computing" initiative plans to construct over 250 optical cable trunk lines to enhance data transmission [1]. Group 2: Technological Breakthroughs - The 2025 China Computing Power Conference highlighted 10 major technological breakthroughs, including the "China Mobile 'Jiuzhou' Computing Power Optical Network" and "Shanxi Qineng Integrated Platform" [2]. - Key core technologies in chips and software have made significant progress, contributing to the global leadership of China's computing power sector [2]. Group 3: Infrastructure and Connectivity - Ten provinces and cities, including Shanxi and Shanghai, announced their connection to the national computing power platform, forming a new development pattern of "overall overview and regional collaboration" [3]. - The number of backbone node computing centers connected to the national supercomputing internet has surpassed 30, with over 200 members in the consortium [3]. Group 4: Environmental Sustainability - The average Power Usage Effectiveness (PUE) of Chinese computing centers has decreased to 1.42, with 246 national green data centers established to support industrial upgrades and achieve carbon neutrality goals [3]. - The National Advanced Computing Taiyuan Center has implemented a new generation of immersion phase change liquid cooling technology, achieving a PUE value of 1.04 [3]. Group 5: Future Outlook - The future development of the Chinese computing power industry will focus on enhancing quality and speed, deepening the construction of an integrated computing power network, and optimizing resource coordination [4]. - Policies will be promoted to improve the layout of computing power infrastructure and accelerate breakthroughs in key core technologies, particularly in education, healthcare, and energy sectors [4].

Core Insights - The Chinese computing power industry is transitioning from scale expansion to high-quality development, as highlighted by the Ministry of Industry and Information Technology [1] - The 2025 Computing Power Development Report indicates that China's computing power infrastructure ranks among the top globally, with significant advancements in computing, storage, and transmission capabilities [1][2] Infrastructure and Capacity - As of June 2023, China has 10.85 million standard racks in use for computing power centers and an intelligent computing power scale of 788 EFLOPS [1] - The total storage capacity has exceeded 1680 EB, reflecting continuous growth in storage capabilities [1] - Over 250 "East Data West Computing" optical cable trunk lines are planned for construction [1] Technological Innovations - The forum announced 10 major breakthroughs in computing power technology, including significant contributions from China Mobile, Shanxi Qineng Technology, and Huawei [2] - The report emphasizes that key core technologies in chips and software have made breakthrough progress [2] Integration and Collaboration - The construction of an integrated computing power network is progressing, with 10 provinces connecting to the national computing power platform [3] - The number of supercomputing centers connected to the national supercomputing internet has surpassed 30, with over 200 members in the consortium [3] Environmental Sustainability - The average Power Usage Effectiveness (PUE) of Chinese computing centers has decreased to 1.42, with 246 national green data centers established [3] - The use of advanced liquid cooling technology at the National Advanced Computing Taiyuan Center has achieved a PUE value of 1.04, contributing to energy efficiency [3] Future Development - The industry aims to enhance quality and speed, deepen the construction of an integrated computing power network, and optimize resource coordination and dynamic capabilities [4] - Policies will be developed to improve the layout of computing power infrastructure and promote the application of computing power in key sectors such as education, healthcare, and energy [4]

Group 1 - The A-share market has been very active recently, particularly the computing power sector, which has shown strong performance since mid-August, with AI chips, AI servers, optical modules, and liquid cooling technology being standout hardware segments [1] - The strong performance of the computing power sector is driven by three main factors: first, the capital expenditure plans disclosed by major overseas cloud vendors exceeded expectations, maintaining high growth in global computing infrastructure investment; second, OpenAI's recent announcement of GPT-5 has attracted industry attention, with plans to double the scale of computing clusters in the next five months; third, feedback from the supply chain indicates robust demand for computing power, supported by new technological iterations that have spawned multiple high-growth sub-sectors [1] - Looking ahead, the demand for computing power is expected to grow exponentially due to breakthroughs in AI model performance, the evolution of multimodal technologies, and the rapid deployment of AI Agent applications, indicating a long-term high prosperity in the industry [1] Group 2 - Specific investment opportunities include GPU and ASIC chips, optical modules, optical chips, and fiber optic connectors, which are expected to continue benefiting from the growth in computing power [1] - Additionally, the rising demand for AI servers will lead to increased usage of PCBs, high-power power supply systems, and liquid cooling solutions, marking significant opportunities in these emerging fields [1]

全球旺盛的算力需求背景下，我国算力产业链也在快速发展，生态体系进一步达成聚合联动。 8月23日举行的2025中国算力大会期间，《2025综合算力指数》发布，其中显示，截至2025年 6月底，我国在用算力中心机架总规模达1085万标准机架，智能算力规模达788 EFLOPS (FP16)。 记者丨骆轶琪 编辑丨骆一帆 在开幕式期间，中国算力平台正式完成山西、辽宁、上海、江苏、浙江、山东、河南、青海、 宁夏、新疆10个省区市分平台接入工作，实现"平台、主体、资源、生态、场景"全面贯通， 我国"全局总览、分域协同"的算力发展新格局初步形成。 中国信息通信研究院副院长魏亮展望道，我国算力产业发展要提速提质， 未来还要持续深化 一体化算力网建设，夯实"算存运"底座，强化算力资源统筹协同与动态优化能力，加速基础设 施绿色升级。 同时，依托"开放数据中心""智算生态圈"等产业平台，打通产业壁垒，催生融 合创新。 综合算力快速发展 魏亮对《2025综合算力指数》进行解读时指出，我国处于数字经济加速跑的关键期，在算力领 域持续发力并取得显著进展。 一方面，随着智算规模的显著提升，算力呈现"智算主导、多元协调发展"的特征。另一方 ...

Group 1 - The 2025 China Computing Power Conference opened with the theme "Building the Foundation of Computing Power to Lead the Future," highlighting the acceleration of the construction of China's computing power platform, with 10 provinces and cities already connected [1] - The China Computing Power Platform integrates computing resources from different regions and industries, creating a unified network for computing power scheduling, enabling comprehensive data collection and dynamic monitoring of computing power development [3] - The Ministry of Industry and Information Technology has issued the "Computing Power Interconnection Action Plan," aiming to establish a complete standard and rule system for computing power interconnection by 2026, and to achieve standardized interconnection of public computing power nationwide by 2028 [5] Group 2 - China's total computing power scale has been growing at an annual rate of around 30%, driven by the rapid development of artificial intelligence, leading to a surge in demand for intelligent computing power [7] - The China Telecom Research Institute predicts that by 2035, artificial intelligence will contribute over 11 trillion yuan to China's GDP, accounting for approximately 4% to 5% of GDP, potentially driving a tenfold to hundredfold increase in computing power demand [7] - The Ministry of Industry and Information Technology aims to guide the reasonable layout of intelligent computing facilities to improve the quality of intelligent computing supply, meeting the needs of emerging and future industries [9]

Core Viewpoint - The construction of China's computing power platform is accelerating, with multiple provinces and cities already connected, aiming to enhance resource utilization and promote intelligent transformation across industries [1][3][19]. Group 1: Development of Computing Power Platform - The computing power platform in China has integrated resources from various regions and industries, creating a unified scheduling network [6]. - Over 100 computing service providers have joined the platform, with more than 1,000 industry users registered, and nearly 100 mainstream foundational and vertical models connected [8]. - The Ministry of Industry and Information Technology has set goals for establishing a comprehensive interconnectivity standard and system by 2026, with a vision for a standardized computing power internet by 2028 [10]. Group 2: Growth and Demand for Intelligent Computing Power - The total scale of computing power in China has been growing at an annual rate of approximately 30%, driven by the rapid development of artificial intelligence [19]. - By 2035, artificial intelligence is projected to contribute over 11 trillion yuan to China's GDP, potentially increasing the demand for computing power tenfold or even a hundredfold [22]. - The intelligent computing power has been widely applied in various fields, including generative models, autonomous driving, smart cities, and industrial manufacturing, with over 23,000 innovative computing projects collected through application competitions [22]. Group 3: Future Projections - It is expected that by 2025, the scale of intelligent computing power in China will grow by more than 40% [22].

Group 1: China Computing Power Platform - The construction of the China Computing Power Platform is accelerating, with 10 provinces and cities officially connected to the computing power sub-platforms [1] - The platform aims to enhance cross-regional and cross-industry resource matching, improving the efficiency of computing resource utilization [1] - The platform has gathered over 100 computing service providers and registered more than 1,000 industry users, connecting nearly 100 mainstream foundational and vertical models [3] Group 2: Action Plans and Standards - The "Computing Power Interconnection Action Plan" aims to establish a complete standard and rule system for computing power interconnection by 2026, with a goal of achieving standardized interconnection by 2028 [5] - The plan envisions a computing internet capable of intelligent perception and real-time discovery [5] Group 3: AI and Computing Power Collaboration - The integration of computing power and artificial intelligence is accelerating the intelligent transformation of industries, with various applications showcased at the conference [6] - An AI drone countermeasure system demonstrated over 99% recognition accuracy and a response time of less than 3 seconds [8] - A computing service platform can dispatch one-sixth of the national computing power scale, supporting billions of computing calls daily [10] Group 4: Growth of Intelligent Computing Power - China's total computing power has been growing at an annual rate of around 30%, with intelligent computing demand rapidly increasing due to the development of AI [14] - By 2035, AI is expected to contribute over 11 trillion yuan to China's GDP, potentially driving a tenfold to hundredfold increase in computing power demand [14] - The intelligent computing power scale is projected to grow by over 40% in 2025, with applications in various sectors including generative models, autonomous driving, and smart cities [16]

Core Insights - The rapid development of China's computing power industry is driven by strong global demand for computing resources, with a new ecosystem forming through collaboration and integration [1][7] - As of June 2025, China's total number of operational computing center racks reached 10.85 million, with intelligent computing power scaling up to 788 EFLOPS (FP16) [1][2] - The "2025 Comprehensive Computing Power Index" was released, highlighting significant advancements in computing power, storage, and network capabilities across various regions [2][4] Computing Power Development - The computing power landscape in China is characterized by a shift towards "intelligent computing dominance" and multi-faceted development, with notable technological innovations enhancing computing capabilities [2][3] - By June 2025, the national storage capacity exceeded 1,680 EB, marking a 40% increase from 2023, driven by the demand from big data and AI applications [3][4] Regional Performance - China has released 1,509 large models, leading globally with 3,755 total models published, indicating a strong focus on model development [4][5] - The eastern regions dominate in computing power, storage, and network capabilities, with Hebei maintaining the top position in computing power index for three consecutive years [4][5] - The western regions show potential for growth in computing power, supported by favorable policies and climate conditions [6][7] Ecosystem and Collaboration - The China Computing Power Platform aims to enhance compatibility and interoperability among various systems, facilitating a neutral and open service ecosystem [7][8] - The platform has registered over 1,000 enterprise users and more than 100 service providers, showcasing its extensive reach and capability [7][9] - The establishment of the Supercomputing Internet platform aims to connect diverse computing resources across the country, providing a marketplace for computing services [10]

【东吴电子陈海进】国产算力催化时间 中国算力大会·大同 阿里巴巴 Q1 FY26 2025 ODCC开放数 (6月季) 财报 据中心大会·北京 2025.8.29 2025.8.20-8.24 2025.9.9-9.11 2025.8.28-8.30 2025.8.30 202 2025中国国际大数据产业 寒武纪 发布半 2025 博览会·贵阳 年报 生态 中国国际工业博览 2025中国国际数字 会 CIIF (上海) 世界互联网大会 经济博览会·石家庄 2025.9.23-9.27 预计2025.11 2025.10 2025.9.24-9.26 2025.9 预计2025.11 华为 Hua 百度世界大会 bless 云栖大 华为开发者大会 阿里巴巴 Firth 腾讯、阿培哥哥 度 发布25年报 复 发布25Q3财报 HDC 预计2025.11 2026.3 - 2026.5 预计2026.6 预计2026.6 预计2025.12 预计 字节跳动 [FORCE 字节跳动 [FORCE WAIC 原动力大会」 原动力大会」 能大学 资料来源:公开数据整理 会·杭州 2025.上海 *免责声明：文章内容仅供参 ...