平治信息（300571）(300571.SZ)公告，公司为浙江省邮电工程建设有限公司人工智能算力技术服务项 目的中标候选人。项目采购内容为：构建"训练，渲染"及相应配套的算力服务能力集合，如商用智算服 务能力集、渲染服务能力集等。中标含税金额约为1.7亿元。 ...

智通财经APP讯，平治信息(300571.SZ)公告，公司为浙江省邮电工程建设有限公司人工智能算力技术服 务项目的中标候选人。项目采购内容为：构建"训练，渲染"及相应配套的算力服务能力集合，如商用智 算服务能力集、渲染服务能力集等。中标含税金额约为1.7亿元。 ...

Investment Rating - The report maintains an "Outperform the Market" rating for the company [3][21]. Core Views - The company's operating revenue increased, but net profit attributable to shareholders decreased due to declining investment income and asset impairment losses [1][6]. - The company is focusing on the "Green Electricity+" project, which is gradually being implemented, and aims to enhance the value of green electricity products [3][20]. - The company has seen a continuous growth in new energy generation capacity, with a total installed capacity of 5,913 MW as of June 2025, representing a year-on-year increase of 23.98% [2][19]. Financial Performance - In the first half of 2025, the company reported operating revenue of 1.922 billion yuan (+2.07%) and a net profit of 439 million yuan (-9.80%) [1][6]. - The second quarter of 2025 showed an operating revenue of 1.069 billion yuan (+2.77%) and a net profit of 319 million yuan (+18.53%) [1][6]. - The company's gross profit margin decreased to 56.17%, down 1.00 percentage point year-on-year, primarily due to falling electricity prices and increased curtailment rates [12][15]. Future Outlook - The company is expected to achieve net profits of 889 million yuan, 970 million yuan, and 1.06 billion yuan for the years 2025, 2026, and 2027, respectively, with growth rates of 10.4%, 9.9%, and 8.6% [3][21]. - The report forecasts earnings per share (EPS) of 0.44 yuan, 0.49 yuan, and 0.53 yuan for the same years, with corresponding price-to-earnings (PE) ratios of 12.6, 11.5, and 10.6 [3][21]. Business Development - The company is actively expanding its "Green Electricity+" business by collaborating with high-energy users and exploring integrated energy solutions [3][20]. - The "Electricity and Computing Synergy" business is progressing, with successful deployment of high-performance computing clusters [3][20].

Group 1 - The company’s wholly-owned subsidiary, Jinkai Yiw Digital Technology Co., Ltd., signed an AI computing power service contract with Wuwen Xinqu (Beijing) Intelligent Technology Co., Ltd. on January 27, 2025, with a total rental amount of RMB 69.12 million for the first phase [2] - The contract includes the provision of intelligent computing power, bandwidth resources, storage resources, security resources, and IT operation and maintenance services, with a service period of 12 months [2] - Since the contract signing, the subsidiary has successfully completed the deployment and performance testing of high-performance computing server clusters, entering the operational service phase [3] Group 2 - The successful delivery of the first phase computing power cluster marks a significant step for the company in the integration of "computing power + electricity," supporting the cultivation of its second main business and creating new profit growth points [4] - The company aims to transition from a single power station construction and operation model to a comprehensive service provider in the green electricity sector, focusing on the green computing power industry [4] - Revenue recognition will be based on the fulfillment of contract obligations and accounting principles, with specific profit amounts subject to audit confirmation [4]

Group 1 - The company signed an AI computing power technology service contract with Wunuan Xinqu (Beijing) Intelligent Technology Co., Ltd. on January 27, 2025, with a total rental amount of RMB 69.12 million for the first phase, covering a service period of 12 months [1] - The subsidiary, Jinkai Yiw, has successfully completed the deployment and performance testing of high-performance computing server clusters and has delivered the first phase of the computing power cluster, entering the operational service phase [1] - The successful delivery of the first phase computing power cluster marks a significant step for the company in the integration of "computing power + electricity," supporting the cultivation of a second main business and creating new profit growth points in the future [1] Group 2 - The company aims to transition from a single power station construction and operation model to a "green electricity +" comprehensive service provider, focusing on the green computing power industry [1] - Revenue will be recognized according to the contract fulfillment obligations and income recognition principles, with specific profit amounts and impacts on the company's operating performance to be confirmed after auditing [1]

Group 1 - The company signed an Artificial Intelligence Computing Power Technology Service Contract with Wuwen Xinqu (Beijing) Intelligent Technology Co., Ltd. on January 27, 2025, with a total rental amount of RMB 69.12 million (including tax) for the first phase [1][2] - The subsidiary, Jinkai Yiw, has successfully completed the deployment and performance testing of high-performance computing server clusters and has delivered the first phase of the computing cluster, entering the operational service phase [1][2] Group 2 - The successful delivery of the first phase computing cluster marks a significant step for the company in the integration of "computing power + electricity," providing strong support for the cultivation of its second main business and creating new profit growth points [2] - The company aims to transition from a single power station construction and operation model to a "green electricity +" comprehensive service provider, focusing on the green computing power industry [2] - Revenue will be recognized according to the contract fulfillment obligations and income recognition principles, with specific profit amounts and impacts on the company's operating performance to be confirmed after auditing [2]

Core Viewpoint - The announcement by Jinkai New Energy regarding its subsidiary Jinkai Yihu's contract with Wuwen Xinqiong marks a significant step in the integration of computing power and electricity, aiming to create new profit growth points through the development of green computing power [1][2]. Group 1: Contract and Deliverables - Jinkai Yihu signed a contract with Wuwen Xinqiong on January 27, 2023, to provide intelligent computing power and related resources, with a total rental amount of 69.12 million yuan for a service period of 12 months [1]. - The deployment and performance testing of high-performance computing server clusters have been successfully completed, and the first phase of the computing power cluster has been delivered and is now in the operational service phase [1]. Group 2: Company Strategy and Financials - Jinkai New Energy aims to transition from a single focus on power station construction and operation to becoming a comprehensive service provider in the "green electricity+" sector, supporting the development of its second main business [2]. - The company reported a revenue of 853 million yuan for Q1 2025, a year-on-year increase of 1.2%, while the net profit attributable to shareholders was 120 million yuan, a year-on-year decrease of 44.8%, primarily due to weather factors and photovoltaic power restrictions [2]. - The company is committed to developing the "green electricity + computing power" collaborative business model, which aligns with the new power system construction, and has already established computing power infrastructure projects in Xinjiang [2][3]. Group 3: Future Development Goals - The company plans to continue promoting the integration of renewable energy projects and green computing power, aiming to create high-value application scenarios under the "green electricity+" model and achieve scaled revenue as a development goal [3].

Group 1 - The company signed an AI computing power service contract with Wuwen Xinqiong, with a total rental amount of RMB 69.12 million for the first phase, covering a service period of 12 months [1] - The successful delivery of the first phase of the computing power cluster marks a significant step in the integration of computing power and electricity, supporting the cultivation of a second main business and creating new profit growth points [2] - The company aims to transition from a single power station operation to a comprehensive service provider in the green power industry, focusing on the green computing power sector [2] Group 2 - The company has completed the deployment and performance testing of high-performance computing power server clusters, entering the operational service phase as per the contract [1] - Future revenue recognition will be based on the fulfillment of contract obligations and accounting principles, with specific profit amounts subject to audit confirmation [2]

Core Viewpoint - The company JinKai New Energy (金开新能) has signed a contract with WuWenXinQiong for AI computing power services, indicating a strategic move into the AI technology sector [1] Group 1: Contract Details - JinKai YiWu, a wholly-owned subsidiary of JinKai New Energy, signed an "AI Computing Power Technology Service Contract" with WuWenXinQiong on January 27, 2025 [1] - The total rental amount for the first phase of the contract is RMB 69.12 million (including tax), with a service period of 12 months [1] - The project is being implemented in two phases, with the first phase already completed [1] Group 2: Project Implementation - Since the signing of the contract, JinKai YiWu has been progressing with the project implementation in an orderly manner [1] - The deployment and performance testing of high-performance computing server clusters have been successfully completed [1] - The overall delivery of the first phase of the computing cluster has been completed, and it has entered the designated operational service phase [1]