格隆汇2月26日｜据证券日报，随着人工智能技术加速演进，"算力的尽头是电力"已成为科技行业共 识。从马年春节期间密集刷屏的AI红包、人形机器人到春晚AI互动，这些科技热点的背后，是电力基 础设施稳定、高效的支持。随着AI算力需求激增与人工智能的快速发展，电网设备作为支撑科技发展 的"电力基石"，其重要性被提升至新的高度。 方正证券研报认为，展望2026年，人工智能数据中心行 业仍将保持高景气。一方面，国内外头部互联网厂商公布的资本开支计划普遍显示较高增长预期；另一 方面，海外头部电力设备厂商业绩表现亮眼，行业高成长性已在业绩端有所体现。从产业链受益环节来 看，袁帅表示，直接为数据中心提供供电、配电设备的企业将率先获得订单增长；围绕智能电网、储能 系统、电力调度系统等领域的技术服务企业，也将随着电网智能化改造的深入而迎来发展机遇。 ...

Core Viewpoint - Guangha Communication maintains a high market share in various fields such as power dispatch systems, pumped storage digitalization, X-ray detection of power equipment, and certain defense command communication systems, emphasizing its core competitive advantages through R&D, branding, and service [2] R&D Investment - The company has consistently maintained a high R&D investment ratio, with over 15% in the past five years, providing "trinity" solutions for industry users in critical areas like new power grids and digital defense, thus ensuring technological and product leadership [2] Brand Strength - As one of the first entrants into the command and dispatch communication market, the company boasts over thirty years of deep expertise in technology, products, market, manufacturing, and management [2] Service System - The company's meticulously developed service system has gained customer trust, achieving round-the-clock response capabilities, with a commitment to reach provincial-level customers within two hours and all customers within twenty-four hours [2]