Group 1 - The construction and decoration sector is experiencing a surge in activity, with several stocks reaching their daily limit up, driven by policy implementation and strong order fulfillment from leading companies [1] - The recent policy actions in the construction decoration industry cover both traditional infrastructure and emerging technology scenarios, indicating a dual demand structure [1][2] - The Ministry of Water Resources has emphasized the need for a modernized water network, which will enhance demand for traditional infrastructure projects such as water supply facilities [2] Group 2 - The Housing and Urban-Rural Development Ministry has released a draft standard for data center design, which sets clear technical and quality requirements for decoration materials in new infrastructure scenarios [2] - Companies like China State Construction have reported significant contract signings, indicating a positive outlook for the industry, with a new contract total of 4.5 trillion yuan expected in 2025 [3] - The industry is shifting from a scale-driven model to one focused on quality and scenario-driven growth, with a need for companies to adapt to technological and environmental standards [4][5]

Core Viewpoint - The company is advancing its "Fangheng Technology Supercomputing and Financial Cloud Computing Base Project," with the main construction completed and ongoing work to enhance data center operations and computational service capabilities [2] Group 1 - The main construction of the "Fangheng Technology Supercomputing and Financial Cloud Computing Base Project" has been completed [2] - The company is currently working on the external power supply introduction and other construction tasks according to the project plan [2] - This project is expected to improve the company's data center operational scale and overall computational service capabilities [2]