登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600186 证券简称：莲花控股 公告编号：2025-097 莲花控股股份有限公司关于 ■ 三、软件服务业务开展情况 ■ 转型算力业务相关进展情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 莲花控股股份有限公司（以下简称"公司"）于2023年11月29日收到中国证券监督管理委员会河南监管局 （以下简称"河南证监局"）《关于对莲花健康产业集团股份有限公司采取出具警示函及责令公开说明措 施的决定》（行政监管措施决定书〔2023〕65号）（以下简称"《决定书》"）。现根据《决定书》的要 求对公司本月算力业务相关进展情况说明如下： 一、算力服务器及相关设备采购、到货情况 ■ 二、算力服务器租赁业务开展情况 2025年11月29日 证券代码：600186 证券简称：莲花控股 公告编号：2025-096 莲花控股股份有限公司关于召开2025年第三季度业绩说明会的公告 截至2025年11月27日，根据莲花紫星、新疆莲花紫星、紫星探索前期签订的算力服务合同及软件服务合 同 ...

现场，还举行了渝中区第四季度重点招商项目集中签约仪式。签约项目达44个，涵盖人工智能、算力服 务、金融商贸、大健康、城市更新等领域，总投资额132亿元。其中，10家企业代表与重庆市算力产业 园签约，将构建"算力供给—场景应用—产业赋能"的良性发展闭环。 活动还设置政策发布、成果发布环节，集中展现"AI+算力"融合应用的创新成果，为重庆市内外企业参 与算力产业发展提供有力支撑。(完) （文章来源：中国新闻网） 中新网重庆11月26日电(记者钟旖)重庆市算力产业园26日在重庆市渝中区揭牌。 据介绍，该产业园将聚焦算力、算法、数据"三要素"，加速市场主体培育与产业生态构建，助力当地算 力经济、人工智能等产业发展。目前，产业园已集聚视联动力信息技术股份有限公司、中电算力科技应 用(北京)有限公司、重庆星威视科技有限公司等龙头企业入驻。 当天，"重庆市算力产业协会"同步揭牌。作为重庆算力产业发展的核心纽带与重要平台，协会将以"凝 聚行业共识、搭建协作桥梁、完善产业生态、赋能创新发展"为宗旨，整合多方资源，聚焦算力基础设 施建设、技术创新突破等关键领域，搭建交流合作平台，推动算力产业高质量发展，为重庆数字经济转 型升级注 ...

这场布局的最终结局，堪称科技与能源的双向奔赴，有趣又解气。未来几年，成都的机架规模将突破80 万个，成为西部最大的算力集群，再通过骨干光纤网络连接重庆、西安等西部城市，形成庞大的"西部 算力池"。西部用廉价绿电训练AI大模型，东部凭借人口密集、市场广阔的优势直接应用成果，完美解 决了地域资源错配的问题。反观美国，不仅电网基建老旧，765kV输电走廊仅能支持6-7GW负荷，还面 临公用事业公司不愿签署长期购电协议的困境，科技巨头自建离网电力的进度也屡屡滞后。当中国的算 力中心用上0.1元/度的绿电，美国同行还在为0.7元/度的电费发愁时，成本差距带来的竞争力鸿沟将难 以逾越。更讽刺的是，美国因芯片制裁给中国算力制造的硬件成本压力，也被绿电的低价优势轻松对冲 ——搭载国产芯片的服务器，即便硬件成本高20%，但全年运营成本能降低30%，整体成本反而比美国 服务器低10%。届时，无论是大模型研发、自动驾驶，还是数字经济、智能制造，中国都能借助全球最 廉价、最清洁、规模最大的算力资源实现快速发展，曾经的"赶超美国"将不再是空谈，而是水到渠成的 结果。 "运筹帷幄之中，决胜千里之外"，国家层面的战略布局，往往藏在看似寻常 ...

Group 1: Technology and Innovation - Google has released a new image model, with the OCS network architecture attracting attention [2] - Alibaba has launched the "Ganwen" project, while Ant Group's Lingguang App has gone live; Huawei is set to release breakthrough AI technology [3] - The company has achieved certification for its secure government office system and electronic document transfer system through Huawei Cloud's Kunpeng services [3] Group 2: Market Trends and Economic Indicators - The Consumer Price Index (CPI) for October increased by 0.2% year-on-year; the Ministry of Finance will continue to implement measures to boost consumption [2] - The lithium carbonate futures price has strongly broken through the 100,000 yuan mark, with prices for VC and other electrolyte additives rising significantly [3] Group 3: Company Developments - TeFa Group, controlled by the Shenzhen State-owned Assets Supervision and Administration Commission, focuses on the optical communication industry [2] - The company has announced plans to acquire 95% of a data service and intelligent service company for 185 million yuan [4] - Dream Home has terminated plans for a control transfer and acquisition of a chip company [4] Group 4: Industry Insights - The joint venture between Beixin Road and Tibet Tianchang Construction focuses on highway engineering and water conservancy projects [4] - The company specializes in high-end sanitary ware and has established manufacturing bases in Vietnam [2] - The company is a leader in the baking oil market, promoting its products through various online platforms [2]

Group 1: Battery Industry - Better Ray has been actively involved in the solid-state battery sector for over a decade, focusing on core materials for both semi-solid and all-solid batteries [4] - The company has developed a complete material system for solid-state batteries, including high-nickel cathodes, silicon anodes, lithium metal anodes, and solid electrolytes [4] - Better Ray's solid electrolyte research encompasses three directions: oxides, polymers, and sulfides, with successful small-scale applications in semi-solid batteries [4] Group 2: Biotechnology Industry - Jinbo Bio, recognized as the "first stock in medical beauty" on the Beijing Stock Exchange, holds a leading position in the field of recombinant humanized collagen, being the only company with a Class III medical device registration certificate for this product [5] - The company has maintained its technological advantage for over four years since obtaining its first registration certificate in 2021 and plans to increase R&D investment in original innovation [5] - Jinbo Bio is conducting clinical pre-experimental research on the application potential of recombinant humanized collagen in tumor treatment, specifically for breast cancer and endometrial cancer [7] Group 3: Computing Power Industry - Parallel Technology has not established a business cooperation with DeepSeek regarding computing power services, despite the growing interest in AI large models and related technologies [8][10] - The company positions itself as a provider of computing power and operational services, serving clients in AI, high-end manufacturing, and various research-driven technology enterprises [8] - Parallel Technology is actively promoting computing power services based on domestic computing chips and has integrated various types of domestic chip resources into its platform [10]

每经AI快讯，天亿马（SZ 301178，收盘价：62.3元）11月18日晚间发布公告称，公司第四届第三次董 事会会议于2025年11月18日在深圳市南山区侨城一号广场大厦27层公司办公室召开。会议审议了《关于 续聘2025年度审计机构的议案》等文件。 （记者 曾健辉） 2025年1至6月份，天亿马的营业收入构成为：智慧企业占比29.84%，算力服务占比20.65%，智慧政务 占比19.13%，智慧教育占比14.28%，新能源电力占比6.0%，轨道交通占比5.31%。 每经头条（nbdtoutiao）——段睿：我与蔡磊是 "找钥匙的人"，纵使生前寻不到，也要为其他渐冻症患 者铺就近路 截至发稿，天亿马市值为42亿元。 ...

Core Insights - The demand for computing power has surged dramatically, with daily Token consumption increasing over 300 times in just over a year, driven by the needs of AI large models [2][7][8] - The company, Parallel Technology, has positioned itself as a leading provider of computing power services in China, focusing on simplifying computing for users rather than just selling hardware [2][4] Company Strategy - The core logic of Parallel Technology is to shift from a "selling computing power" mindset to a value delivery approach, emphasizing user experience and satisfaction [4][5] - The company has built a computing service platform that allows users to complete tasks in five minutes, handling all related issues to ensure ease of use [4][5] Market Position and Growth - Parallel Technology's services cover over 1,300 institutions, including more than 600 enterprises and 400 universities, contributing to its rapid growth [5][9] - The company reported a revenue of 655 million yuan in 2024, a 32.07% increase year-on-year, and a net profit of 12.06 million yuan, marking a turnaround from losses [8][9] Future Outlook - The company aims to evolve its services from simplifying computing to simplifying models, anticipating a shift in user needs as AI demand continues to grow [12] - With the expectation of a tenfold increase in computing power demand by 2035, the company is focused on optimizing cost efficiency through software and hardware collaboration [11][12]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has raised eight key questions regarding the governance, state-owned asset management, shareholding price rationality, and business model of Weiyi Intelligent Manufacturing Technology Co., Ltd. (Weiyi Intelligent) as it seeks to list on the Hong Kong Stock Exchange, indicating regulatory concerns about the company's sustainability and compliance despite its rapid revenue growth and advanced technology [1][2]. Group 1: Regulatory Concerns - The CSRC's inquiries focus on three main areas: governance, state-owned asset management procedures, and the rationality of share prices for new shareholders over the past 12 months [2]. - The CSRC specifically requests Weiyi Intelligent to clarify the reasons for inconsistencies in the identification of its controlling shareholder and to explain the progress of relevant state-owned asset management procedures [2]. - The company is also required to provide a clear explanation of its business model and the practical applications of its AI models in simple language, as well as to confirm whether its advertising business has been operational [2]. Group 2: Shareholding Structure and Transactions - Weiyi Intelligent's shareholders include state-owned entities and private investment firms, necessitating the completion of the "SS identification" process for state-owned shareholders before listing [4]. - The acquisition of Jiangsu Zhiyun Tiangong Technology Co., Ltd. (Zhiyun Tiangong) for 229 million yuan raised multiple concerns due to discrepancies in business data and potential conflicts of interest [5][6]. - The acquisition involved a significant goodwill of 178 million yuan, representing 77.7% of the total transaction value, indicating a high premium [5]. Group 3: Financial Performance and Cash Flow - Weiyi Intelligent's revenue is projected to grow from 221 million yuan in 2022 to 600 million yuan in 2024, with a profit of 15.74 million yuan in 2024, reversing cumulative losses exceeding 200 million yuan in 2022 and 2023 [11]. - Despite revenue growth, the company has experienced continuous negative cash flow from operating activities, with net cash outflows of 158 million yuan, 105 million yuan, and 154 million yuan from 2022 to 2024 [12][13]. - The company has a high customer concentration, with revenue from the top five customers accounting for 59.1%, 52.4%, and 28.3% of total revenue from 2022 to 2024, indicating ongoing reliance on major clients [13]. Group 4: Industry Outlook - The industrial AI-enabled robotics market is expected to grow significantly, from 362 billion yuan in 2024 to 1,300 billion yuan by 2030, suggesting a promising future for the industry [14]. - However, Weiyi Intelligent acknowledges that the market opportunities it targets are still in the early development stage, and it cannot guarantee widespread acceptance or commercial success of its products in the near future [14].

Core Viewpoint - Yitian Intelligent Kitchen Appliances Co., Ltd. is actively diversifying its business by focusing on computing power services as a strategic transformation direction amidst challenges in the integrated stove industry [1][3][4] Group 1: Company Overview - Established in 2003, Yitian Intelligent specializes in the research, production, and sales of modern kitchen appliances, particularly integrated stoves [1] - The company is transitioning from a traditional kitchen appliance manufacturer to a high-tech enterprise while maintaining its core business in integrated stoves [1][3] Group 2: Computing Power Business - Yitian Intelligent's computing power services have gained attention, with its subsidiary Yisuan Intelligent collaborating with partners like Suiyuan Technology to build a domestic computing power cluster [1][2] - The company has already established a computing power cluster with a capacity of 10,000 cards, which involves innovations in chip technology, network communication, and cooling technology [2] - The development of domestic computing power chip clusters is crucial for creating a complete domestic computing power ecosystem and is part of the "East Data West Computing" project [2] Group 3: Synergies and Strategic Initiatives - There are potential synergies between Yitian Intelligent's computing power business and its traditional kitchen appliance operations, particularly through its subsidiary Shuyun Zhili, which provides customized AIGC empowerment and digital human live streaming services [2] - The company's strategy of "smart hardware + computing power base + digital intelligence services" aligns with the overall trend of technological upgrades in the integrated stove industry [3] - The integrated stove market is experiencing a shift from single-function integration to the construction of an overall smart ecosystem, indicating a competitive landscape [3] Group 4: Industry Context and Policy Support - The Chinese government continues to support the smart home industry with policies that provide a clear market outlook, including the approval of national standards for smart home appliances set to take effect in May 2026 [3] - Yitian Intelligent's dual business model is positioned well to leverage the increasing demand for computing power and the implementation of new smart appliance standards [4]

Core Insights - The explosive growth in daily Token consumption, which has increased over 300 times in just over a year, highlights unprecedented demand in the IT industry driven by computing power [1][3] - The company, Parallel Technology, has positioned itself as a leading provider of computing power services in the A-share market, focusing on simplifying computing for users rather than merely selling hardware [1][4] Company Strategy - The core logic of Parallel Technology revolves around delivering value to users by ensuring that computing services are user-friendly and efficient, rather than just providing hardware [2][4] - The company has built a computing service platform that allows users to complete tasks in just five minutes, handling all related issues to enhance user experience [2][3] Market Demand - The demand for computing power has surged, with over 30 trillion daily Tokens consumed in China as of June, marking a growth of over 300 times in 18 months [3][4] - The rapid increase in demand is reflected in the performance of major AI model companies, with significant growth in Token usage reported by firms like ByteDance [3][4] Financial Performance - Parallel Technology reported a revenue of 655 million yuan in 2024, a year-on-year increase of 32.07%, and a net profit of 12.06 million yuan, marking a return to profitability [4][5] - In the first three quarters of 2025, the company achieved a revenue of 734 million yuan, a 69.25% increase year-on-year, with net profit rising by 178.80% [4][5] Customer Base and Growth - The company serves over 1,300 institutions, including more than 600 enterprises and 400 universities, establishing a solid foundation for growth [3][4] - A unique customer conversion chain has been developed, where users from educational and research backgrounds transition into industry clients, contributing to sustained growth [4][5] Industry Trends - The "AI+" initiative is expected to further activate computing power demand across various sectors, including traditional manufacturing and agriculture [5][6] - The company has achieved over 20% market share in the general supercomputing field and is expanding its computing resource pool through various collaborative efforts [5][6] Future Outlook - The computing power demand is projected to increase dramatically, with expectations of a tenfold rise by 2035, necessitating improvements in software, hardware, and algorithm efficiency [6][7] - The company aims to evolve its mission from simplifying computing to simplifying models, indicating a strategic shift to meet future demands [7]