2025年12月29日，《关于深入实施"东数西算"工程加快构建全国一体化算力网的实施意见》(以下简称 《意见》)发布满两周年。两年间，"东数西算"工程持续深化拓展，积极推动算力协同联动，显著增强 绿色算力供给能力，进一步夯实了算力基础设施的绿色根基。 《意见》在建设目标中明确提出，到2025年底，算力电力双向协同机制初步形成，国家枢纽节点新建数 据中心绿电占比超过80%。盘古智库高级研究员吴琦对《证券日报》记者分析称，在绿色发展的引领 下，数据中心纷纷加快绿色化转型步伐，积极采用太阳能、风能、水能等可再生能源，大幅提升数据中 心绿电使用比例。更高的节能要求成为推动数据中心产业技术创新的强大动力。 政策助力绿色数据中心"蝶变" 算力是数字经济的核心驱动力。当前，数字经济迈向高质量发展阶段，迫切需要推动数据中心实现科学 布局、供需适配、绿色集约与互联互通。随着"东数西算"工程推进，全国一体化算力网加速构建。提升 数据中心绿电使用比例，成为政策发力的关键方向之一。 数据中心作为承载数字要素流通的新型基础设施，支撑数字经济向纵深发展。从功能属性来看，数据中 心能够通过整合数据资源、算力设施和算法系统，为各行业产业的布 ...

证券日报网讯12月25日，高澜股份（300499）在互动平台回答投资者提问时表示，公司已储备冷板式、 浸没式及集装箱式液冷等多种液冷技术，可针对性满足数据中心、智算中心等场景的高效散热需求，有 效降低PUE。公司产品应用领域正由直流输电、柔性交流输配电及大功率电气传动向石油石化、轨道交 通、船舶、医疗设备、数据中心、储能电站等不断扩充。 ...

Core Insights - The global liquid cooling market for data centers is projected to grow at a rate of 96% in 2024, surpassing $1.9 billion [1] - The market growth in the previous year was primarily driven by the shipment of a limited number of 600W+ TDP chips [1] - Liquid cooling is becoming a standard feature for products like Nvidia Blackwell, AMD MI355, and Google TPU v6p, indicating a significant shift in technology adoption [1] - A substantial growth in the liquid cooling market is expected in 2025, with single-phase cold plate liquid cooling emerging as the mainstream solution [1] - The rapid growth of immersion cooling technology is anticipated to take more time to materialize [1]

Core Viewpoint - 康盛股份 has officially launched the 康盛千岛湖智算中心, which is the first large-scale intelligent computing center to utilize immersion liquid cooling technology in commercial operation, setting a new benchmark for green computing power construction [1][3]. Group 1: Center Features and Technology - The 康盛千岛湖智算中心 is located by Qiandao Lake and leverages local natural cooling resources, achieving an average PUE value of ≤1.08, which indicates ultra-low energy consumption compared to traditional air-cooled data centers [3]. - The center integrates cutting-edge immersion liquid cooling technology, providing robust support for high-density computing scenarios such as artificial intelligence and cloud computing [3]. Group 2: Strategic Partnerships and Contracts - 康盛股份 has signed a five-year computing power service contract worth 36.96 million yuan with 浙江联通, highlighting the collaboration in green computing power [3]. - The successful partnership is seen as a bridge for future cooperation in broader fields, emphasizing a shared commitment to technological innovation and industry advancement [3]. Group 3: Company Vision and Future Plans - 康盛股份 views the completion of the智算中心 as a significant milestone in its "one main, two wings" strategic layout, showcasing its innovative strength and forward-looking vision in high-performance computing [3]. - The company aims to capitalize on the rapid growth of artificial intelligence computing power demand, continuously upgrading intelligent computing infrastructure towards efficiency and self-control [3][4]. - Future efforts will focus on deepening research and application of liquid cooling technology, aiming to create a replicable model of "immersion liquid cooling green computing power" in collaboration with the industry [4].

Core Insights - The company is actively engaging in energy-saving initiatives for its computing power centers, focusing on green electricity and energy collaboration [1][3] - A strategic cooperation framework agreement was signed with the government of Qingyang, Gansu Province, to develop a storage equipment manufacturing base and energy storage stations [1][2] - The company aims to achieve a power supply reliability of 99.99% for data centers by integrating green electricity and energy storage systems, potentially replacing traditional backup systems [2][3] Group 1 - The company has signed a strategic cooperation agreement with the Qingyang government to build energy storage facilities, which will supply green power directly to data centers [1] - The project includes the construction of energy storage production lines and independent energy storage stations, enhancing the green electricity ratio and reducing energy costs [1][2] - The company is working on a microgrid project in Kenya, which has successfully validated its self-developed technology and accumulated experience in microgrid construction [2] Group 2 - The National Development and Reform Commission has issued measures to strengthen the support for digital economy innovation, emphasizing the need for reliable computing power resources [3] - The company, through its subsidiary Tianqi Hongyuan, is focusing on core technology research in the energy storage and microgrid sectors, particularly in immersion liquid cooling technology [3] - The company is participating in the construction of national computing power hub cities, exploring intelligent scheduling models for energy collaboration [3]

Core Insights - The National Cybersecurity Base (Wuhan) Computing Power Center has officially connected to the National Supercomputing Internet, marking a significant step in integrating regional computing resources into a national network [1][3] - The "East Data West Computing" strategy emphasizes the importance of computing power as a fundamental resource, akin to water and electricity [1] - The center will provide substantial support for technological innovation and industrial upgrades in Wuhan, particularly in advanced research fields and traditional industries [3][5] Group 1: Technological Innovation - The center will support major research projects in fields such as aerospace, biomedicine, and meteorology by providing powerful supercomputing resources to local universities and research teams [3] - It aims to accelerate original innovation and the transformation of research outcomes through enhanced computational capabilities [3] Group 2: Industrial Transformation - The center will offer accessible high-performance computing support to Wuhan's traditional manufacturing, health, and new display industries [3] - It will facilitate complex simulation design, AI model training, and big data analysis, promoting the integration of "AI+" and "Data+" with traditional manufacturing [3] Group 3: Network Security Enhancement - The center is designed with special network security features and capabilities, leveraging large-scale parallel computing for deep analysis of network traffic and session logs [5] - It has launched multiple cybersecurity applications for internet content monitoring and data analysis, and will support cybersecurity competitions with an efficient environment [5] Group 4: Infrastructure and Technology - The center utilizes over a thousand domestic servers built with domestic X86 processors and GPGPU acceleration cards, ensuring self-control and security while mitigating foreign chip risks [3] - It employs immersion liquid cooling technology, enhancing heat exchange efficiency and allowing for a 15%-20% increase in CPU frequency while reducing energy costs [4]

Core Insights - Tongli Risheng's subsidiary, Tianqi Hongyuan, has achieved significant breakthroughs in the energy storage sector by winning the bid for China Energy Construction's 2025 lithium iron phosphate battery energy storage system procurement project, with a total scale of 8.5GW/22GWh [1][2] Group 1: Company Achievements - Tianqi Hongyuan's subsidiary, Tongqi New Energy, stood out among hundreds of competitors, being one of only 15 companies to win bids in both segments, showcasing its strong technical capabilities and project experience [2] - The company has developed a comprehensive technical system in energy storage, covering everything from cell-level optimization to system integration, supported by numerous patents and advanced technologies [2][3] Group 2: Technical Advantages - Key technologies include the box optimization technology, which enhances system usable capacity by over 15% compared to traditional solutions, and an EMS system based on time-sequenced AI algorithms that optimizes energy storage strategies in real-time [2] - The immersion liquid cooling technology, developed in collaboration with Shell China, significantly reduces thermal runaway risks by 90% and extends system lifespan to over 20 years [2] Group 3: Market Outlook - The energy storage sector is expected to maintain high growth rates, supported by recent capacity pricing policies and increasing domestic and international demand [3] - Analysts predict that the domestic energy storage profitability model is gradually improving, with favorable policies leading to increased demand, positioning Tianqi Hongyuan to benefit from the industry's high growth potential [3]

Core Viewpoint - The event focused on the construction of data infrastructure and its role in supporting the digital economy and technological innovation, emphasizing the need for a new infrastructure system that prioritizes data value release, network support, and computing power as a foundation [1][14]. Group 1: Event Overview - The "Data Infrastructure Theme Exchange Activity" was held in Guiyang, gathering representatives from government, industry, academia, and research to discuss the construction path of data infrastructure and the national integrated computing power network [1]. - Key officials, including Liu Liehong, the head of the National Data Bureau, highlighted the goal of creating a new infrastructure system aimed at high-quality standards, large-scale facility deployment, and market-oriented ecological operations [1]. Group 2: Regional Economic Performance - In the first half of 2025, Guizhou's GDP grew by 5.3%, with 49 key data centers under construction or in operation, achieving over 90% in intelligent computing and domestic production rates [2]. Group 3: Technological Innovations - Chen Jianfeng from the Chinese Academy of Engineering discussed innovations in green data centers, projecting that China's total computing power electricity consumption will exceed 300 billion kWh by 2024, with a significant reduction in energy consumption through new cooling technologies [3]. - The "cloud-edge computing" concept proposed by Wang Huaimin aims to connect dispersed computing resources through a collaborative mechanism, enhancing operational efficiency across over 900 computing centers [4]. Group 4: Industry Insights - Yu Xiaohui from the China Academy of Information and Communications Technology emphasized the need to address connectivity and circulation issues in data infrastructure, with the National Data Bureau's "three unifications" laying the groundwork for data connection [6]. - Xu Qiang from the National Information Center proposed a "three fives" strategy for computing power network construction, focusing on inclusive computing, green development, and addressing supply and service efficiency challenges [7]. Group 5: Monitoring and Evaluation - Hu Jianbo from the National Data Development Research Institute introduced a monitoring system with "four dimensions, three levels, and 60 indicators" to ensure effective management and utilization of data infrastructure [9]. Group 6: Local Practices and Achievements - Jiang Yang, Deputy Director of Guizhou Data Bureau, shared five initiatives that led to the establishment of 49 data centers and significant improvements in computing power and latency [11]. - Wang Wanjun from Jiangsu Data Bureau reported that the province's computing power reached 61.54 Eflops, with the digital economy's core industry contributing 11.8% to GDP [12]. Group 7: Key Outcomes - The event announced three significant outcomes: the establishment of a national integrated computing power network monitoring and scheduling platform, the second batch of pilot projects for national data infrastructure, and successful case studies demonstrating cross-domain integration [13][14].

Core Insights - Nanfang Energy Storage (600995.SH) has implemented immersion liquid cooling technology at its Meizhou Baohu energy storage station [1] Company Summary - The company is actively utilizing advanced cooling technologies to enhance the efficiency of its energy storage solutions [1]

Core Viewpoint - Zhongke Shuguang's stock price closed at 68.08 yuan on August 8, 2025, down 0.76% from the previous trading day, with a trading volume of 1.209 billion yuan and a turnover rate of 1.21% [1] Group 1: Company Overview - Zhongke Shuguang specializes in the research, development, production, and sales of high-performance computers, general servers, and storage products [1] - The company's products are widely used in government, energy, internet, education, and transportation sectors [1] - In the liquid cooling technology sector, Zhongke Shuguang holds a 60% market share with a PUE value as low as 1.04, suitable for high-density computing needs [1] Group 2: Market Developments - OpenAI recently launched its next-generation AI model, GPT-5, which is expected to drive demand for reasoning-end computing power [1] - As a representative enterprise in the computing infrastructure sector, Zhongke Shuguang is anticipated to benefit from the development of new AI applications [1] Group 3: Capital Flow - On August 8, 2025, Zhongke Shuguang experienced a net outflow of 139 million yuan in principal funds, with a cumulative net outflow of 511 million yuan over the past five days [2]