当前，人工智能大模型正以前所未有的速度渗透千行百业。从文本生成到自动驾驶，从智能体（Agent）到视频合成，AI应用的广度与深度不断突破想象边 界。然而，算力爆发的背后，是智算中心建设所面临的全新挑战：GPU功耗十年增长5.5倍带来的资源消耗压力、建设周期从12个月压缩至6-9个月的交付考 验、专业运维人员缺口突破53%的管理难题，以及单次宕机损失可能超百万美元的安全风险。 在此背景下，传统数据中心"被动响应"的建设模式已难以为继。华为中国数字能源数据中心能源拓展部部长石忆认为："行业必须从'大系统堆砌'转向'标准 化+模块化分布式架构'，通过超前规划与技术创新，系统性破解发展瓶颈。"华为提出的AI DC建设RAS理念——安全可靠（Reliable）、弹性敏捷 （Agile）、绿色低碳（Sustainable），正是对这一行业转型需求的精准回应，而这一理念正在国家气象局等标杆项目中落地生根。 安全是"1"，其他都是"0" 在智算时代，数据中心的安全价值被提升至新高度。石忆表示，当前AI集群单机柜功率密度已达到20–50kW，并快速向200kW迈进，而一个10MW的智算中 心所承载的算力，相当于传统通算数据中心 ...

Financial Performance - In the first three quarters of 2025, the company achieved total revenue of 3.108 billion CNY, with a slight decline in net profit attributable to shareholders [2] - The industrial automation segment generated nearly 2 billion CNY in revenue, a year-on-year increase of 5.31%, with stable gross margins [2] - The network energy segment reported approximately 520 million CNY in revenue, down 9.13%, but with a slight increase in gross margin [2] - The AI new energy vehicle business generated around 460 million CNY, reflecting a year-on-year growth of 4.19% and an increase in gross margin [2] - The photovoltaic energy storage business saw revenue of 130 million CNY, a decline of 25.95% [2] Business Strategy and Market Position - The company is focusing on product enhancement and differentiation strategies, resulting in a 14% increase in gross margins and significant loss reduction [3] - The network energy business emphasizes modular UPS and integrated solutions for data centers, providing advanced, reliable, and energy-efficient infrastructure [4] - The company holds a competitive edge in integrated solutions, with a strong focus on self-developed systems for power distribution, temperature control, and monitoring [4] - The network energy business has over 60% of its market share from overseas, covering regions such as Hong Kong, Thailand, South Africa, and Southeast Asia [5] Product Structure and R&D Investment - UPS products account for approximately 70% of the product structure, with precision air conditioning and integrated data center solutions gradually increasing their share [6] - R&D investment in the network energy business is nearly 10% of its revenue, consistent with other business segments [7] Challenges and Future Outlook - The decline in network energy business performance is attributed to a shift from traditional channels and a decrease in capital expenditure in public service markets [8] - The photovoltaic business underperformed due to a strategic focus on enhancing product competitiveness, leading to improved gross margins despite lower revenue [9] - High operating expenses are linked to management transformation and increased investment in organizational and talent development, with expectations of cost dilution as revenue scales up [10]

Group 1 - The company, Yimikang (300249), emphasizes its collaboration with the three major telecom operators, providing them with critical equipment, engineering technology, software services, and smart services [1] - Yimikang identifies itself as a service provider for the entire lifecycle of digital infrastructure green solutions, offering key equipment such as power distribution systems, including UPS, precision distribution, and batteries [1] - The company highlights its focus on important clients, particularly the three major telecom operators, indicating a strategic priority in its business model [1]