Group 1 - The Ministry of Industry and Information Technology has issued the "Guidelines for the Construction of High-Standard Digital Parks," aiming to establish around 200 high-standard digital parks by 2027 [1] - The guidelines emphasize the need to enhance digital infrastructure, upgrade network facilities, and promote the construction and evolution of 5G-A and 10G optical networks [1] - The report highlights the importance of optimizing computing power infrastructure and improving the efficiency of computing resource utilization [1] Group 2 - CITIC Securities notes increased volatility in the computing power sector, suggesting that the current adjustments present investment opportunities due to sustained demand driven by AI [1] - The average increase in computing power concept stocks has been 48.11% this year, with 19 stocks, including Shijia Photon and Zhongji Xuchuang, seeing price increases exceeding 100% [1] Group 3 - Shijia Photon has seen a cumulative stock price increase of 387.68% this year, with its 400G and 800G optical chips becoming core revenue contributors [2] - The demand for high-bandwidth products is expected to continue growing, supporting long-term performance growth for companies in the sector [2] - 17 computing power concept stocks received significant QFII holdings, with several stocks, including Chuling Information and Wanzhong Optoelectronics, having QFII holdings exceeding 1% [2] Group 4 - Chuling Information has been investigated by 15 institutions, showcasing its AI operation capabilities and future adaptability to AI computing needs [3] - Other QFII-heavy concept stocks, such as Taicheng Light and Haowei Group, are projected to see significant net profit growth in 2025, with expected increases of 64.92% and 33.5%, respectively [3]

11月18日，工业和信息化部印发《高标准数字园区建设指南》，目标到2027年，建成200个左右高标准 数字园区。文件还提出健全数字化基础设施，升级网络基础设施，推动5G-A、万兆光网等网络基础设 施建设和演进升级，推进标识解析体系广泛应用，打造高速泛在、敏捷可靠的网络通道。优化算力基础 设施，科学合理统筹通算、智算、超算等多元算力应用，提高算力资源利用效率。 中信建投表示，近期，算力板块波动加大。复盘2023年以来的算力板块，三季报后调整比较常见，考虑 到AI带动的算力需求依然非常旺盛，调整是机会。目前，世界正处于AI产业革命中，类比工业革命， 影响深远，不能简单对比近几年的云计算、新能源等，需要以更长期的视角、更高的视野去观察。 获得QFII重仓的概念股中，剑桥科技、三旺通信、初灵信息、广电运通11月以来获得机构调研。剑桥科 技累计获得70家机构调研，公司表示，1.6T光模块产品测试数据与行业头部企业水平基本相当，目前部 分产品已进入小批量供货阶段，预计至2026年一季度可实现大量发货。 三旺通信月内获得38家机构调研，公司表示，今年上半年，公司发布了电力交换机、机架式交换机等多 个全国产化工业通信设备，针 ...

Group 1: Stock Performance and Market Reactions - *ST Zhengping's stock price increased by 221.93% from September 1, 2025, to November 18, 2025, leading to a significant deviation from its fundamentals, prompting the company to conduct a trading review [1] - The stock will be suspended from trading starting November 19, 2025, with a maximum suspension period of 10 trading days [1] - The company has experienced 26 trading halts during the specified period due to abnormal stock price fluctuations [1] Group 2: Government Initiatives and Industry Outlook - The Ministry of Industry and Information Technology released the "High-Standard Digital Park Construction Guidelines," aiming to enhance digital infrastructure and promote the development of high-standard digital parks by 2027 [2] - The guidelines target the establishment of around 200 high-standard digital parks, ensuring comprehensive digital transformation of industrial enterprises within these parks [2] - The current AI-driven demand for computing power is expected to provide long-term support for the industry, despite recent market adjustments [2] Group 3: Performance of Computing Power Stocks - Computing power concept stocks have seen an average price increase of 49.66% this year, with 21 stocks rising over 100% [3] - Shijia Photon leads with a 391.04% increase in stock price, driven by the demand for high-bandwidth products in data centers [3] - 17 computing power stocks have received significant foreign investment, with several stocks having over 1% QFII holding ratio as of the end of Q3 [3] Group 4: Company Developments and Innovations - Sanwang Communication has been actively engaging with 38 institutions this month, showcasing its domestically produced industrial communication equipment tailored for the petrochemical industry [4] - The company has successfully passed testing requirements for its products, which are based on domestic chip technology and aim to achieve full compatibility across the supply chain [4]

算力领域迎重磅利好。 工信部重磅发声 11月18日，工业和信息化部办公厅印发《高标准数字园区建设指南》（以下简称《指南》），其中指 出，健全数字化基础设施。升级网络基础设施，推动5G—A、万兆光网等网络基础设施建设和演进升 级，推进标识解析体系广泛应用，打造高速泛在、敏捷可靠的网络通道。优化算力基础设施，科学合理 统筹通算、智算、超算等多元算力应用，提高算力资源利用效率。 《指南》还提出，目标到2027年，建成200个左右高标准数字园区，实现园区规上工业企业数字化改造 全覆盖，园区管理、服务数字化水平明显提升，形成一批可复制可推广的数智赋能园区发展的典型模 式，园区发展质量和效益显著提升。 17只算力概念股获得外资重仓，其中初灵信息、万隆光电、剑桥科技、高澜股份等7股的三季度末QFII 持股比例居前，均超1%。获得QFII重仓的概念股中，剑桥科技、三旺通信、初灵信息、广电运通月内 获得机构调研，剑桥科技累计获得70家机构调研，公司表示，1.6T光模块产品测试数据与行业头部企业 水平基本相当，目前部分产品已进入小批量供货阶段，预计至2026 年一季度可实现大量发货。 三旺通信月内获得38家机构调研，公司表示，今 ...