央视网消息：记者从正在山西大同举行的2025中国算力大会上了解到，中国算力平台正加快建设。目前，已有山西、辽宁、上海、江苏等10个 省（区、市）的算力分平台正式接入。 工业和信息化部副部长熊继军表示，加快建设中国算力平台，强化跨区域、跨行业算力资源供需对接，不断提升算力资源利用效率。加快推进 算力态势感知自动化监测，构建算力互联互通体系，促进东西部高效互补和协同联动。 据了解，中国算力平台汇聚了不同地域、不同行业的算力资源，构建算力调度"一张网"。同时，可以对算力设施和数据进行全面采集和动态监 测，精准掌握各地算力发展情况。 算力 AI协同创新 推进产业智能化转型 在算力大会现场，算力与人工智能协同创新的各种应用纷纷亮相，加速推进产业智能化转型。 中国信息通信研究院副院长魏亮介绍，目前，中国算力平台实现100多个算力服务商入驻，完成1000余家行业用户注册，接入主流基础大模型 和垂类模型近百个，为1000多个开发者提供多元的在线调用服务。 工业和信息化部日前印发的《算力互联互通行动计划》提出，到2026年，建立完备的算力互联互通标准、标识和规则体系。到2028年，基本实 现全国公共算力标准化互联，形成具备智能 ...

01 中国算力平台 构建算力调度"一张网" 工业和信息化部副部长 熊继军：加快建设中国算力平台，强化跨区域、跨行业算力资源供需对接，不断提升算力资源利用效率。加快推进算力态势感知自 动化监测，构建算力互联互通体系，促进东西部高效互补和协同联动。 记者从2025中国算力大会上了解到，中国算力平台正加快建设。目前，已有山西、辽宁、上海、江苏等10个省区市的算力分平台正式接入。 据了解，中国算力平台汇聚了不同地域、不同行业的算力资源，构建算力调度"一张网"，同时可以对算力设施和数据进行全面采集和动态监测，精准掌握各 地算力发展情况。 中国信息通信研究院副院长 魏亮：目前，中国算力平台实现了100多个算力服务商入驻，完成1000余家行业用户注册，接入主流基础大模型和垂类模型近百 个，为1000多个开发者提供多元的在线调用服务。 工业和信息化部日前印发的《算力互联互通行动计划》提出，到2026年，建立完备的算力互联互通标准、标识和规则体系；到2028年，基本实现全国公共算 力标准化互联，形成具备智能感知、实时发现、随需获取能力的算力互联网。 02 算力、AI协同创新 推进产业智能化转型 记者在算力大会现场看到，算力与人 ...

Group 1: Company Overview - The company focuses on the esports technology, interactive entertainment, computing power, and artificial intelligence sectors, providing advanced products and technical solutions to enhance user experiences and support business innovation [2] - The company has established a strong market presence, covering over 70% of the esports service industry in China and maintaining partnerships with over 2,000 collaborators across more than 96% of cities [3] Group 2: Market Advantages - The company leverages years of experience and technological expertise to offer end-to-end solutions for upstream game manufacturers, midstream esports entities, and downstream consumers [3] - It provides AI-driven marketing services to over 95% of game manufacturers, facilitating efficient content distribution and user experience upgrades [3] Group 3: Business Developments - The 22nd ChinaJoy exhibition will take place from August 1 to 4, 2025, featuring a new "Smart Entertainment Robot" section and the "Global AI Game Developer Competition" [4] - The company has launched over 300 computing power edge data centers, serving more than 700,000 terminals, with a year-on-year growth of 21.1% in cloud terminal services [5] Group 4: IP and Brand Strategy - The company aims to enhance its brand influence through collaborations with leading IPs in culture, gaming, and animation, targeting young consumer demographics [6] Group 5: Future Development Strategy - The company plans to deepen its focus on the esports sector, innovate in cultural technology integration, and explore emerging technologies like computing power and AI to become a leader in digital services [7] Group 6: Financial Performance - In Q1 2025, the company achieved a revenue of 57,801.79 million yuan, marking a 40.25% year-on-year increase, and a net profit of 7,346.77 million yuan, up 37.48% from the previous year [8]

Core Viewpoint - The report highlights the strategic significance of the merger between Haiguang Information and Zhongke Shuguang, emphasizing its potential to reshape the domestic computing power industry amid increasing localization trends in chip production [2][3]. Company Overview - Zhongke Shuguang announced the planned merger with Haiguang Information, which is seen as a pivotal move for the computing power industry, especially in the context of U.S. export controls affecting several companies [2]. - The merger aims to facilitate a complete domestic replacement across the industry chain, enhancing integration and development opportunities [2][3]. Financial Insights - As of May 23, prior to the suspension of trading, Zhongke Shuguang held significant stakes in several listed companies, with a total market value of approximately 948 billion yuan from its holdings in Haiguang Information, Shuguang Shuchuang, and Zhongke Xingtong [3]. - The company has diverse business operations, including server hardware, cloud computing platforms, and big data services, which contribute to its overall market presence [3]. Market Dynamics - The computing power industry is shifting from a globalized model to a polarized one, with domestic companies facing challenges due to international restrictions on chip supplies [2]. - The upcoming launch of new products from Haiguang, including the Haiguang 5 CPU and Shenxuan 3 DCU, is expected to be a critical milestone for the company [4]. Performance Metrics - Despite a projected revenue decline of 8.40% in server-related business for 2024, the gross profit margin is expected to improve by 5.46 percentage points, indicating a focus on enhancing revenue quality [4]. - Comparatively, domestic competitors are experiencing significant margin compression, highlighting Zhongke Shuguang's relative strength in maintaining profitability [4]. Investment Outlook - The investment rating for Zhongke Shuguang remains "buy," with projected earnings per share (EPS) for 2025, 2026, and 2027 estimated at 1.68 yuan, 2.28 yuan, and 3.02 yuan respectively [5]. - The average target price set by institutions over the past 90 days is 78.47 yuan, with 14 out of 16 institutions recommending a buy [5].

Group 1: Company Overview - The company focuses on the esports technology, interactive entertainment, computing power, and artificial intelligence sectors, providing advanced products and solutions to enhance user experiences and support business innovation [2] - In 2024, the company achieved a revenue of CNY 183,954.85 million, a year-on-year increase of 28.37%, and a net profit of CNY 25,188.34 million, up 48.60% [2] - In Q1 2025, the company reported a revenue of CNY 57,801.79 million, growing by 40.25%, and a net profit of CNY 7,346.77 million, an increase of 37.48% [2] Group 2: Market Position and Strategy - The company holds over 70% of the esports service market in China, collaborating with more than 2,000 partners across over 96% of cities [3] - Future strategies include enhancing core competitiveness in the esports sector, enriching interactive entertainment offerings, and exploring cutting-edge technologies in computing power and AI [4] Group 3: Computing Power Business - The company has developed a multi-layered computing power service system, integrating various computing resources and offering features like cloud-edge collaboration and cost efficiency [5] - By the end of 2024, the company established over 300 computing power edge data centers, serving more than 700,000 terminals, with a year-on-year growth of 21.1% in cloud terminal numbers [6] Group 4: Research and Development - The company prioritizes technology R&D in its main sectors, maintaining high levels of investment and output while keeping abreast of industry trends and technological innovations [8] Group 5: IP Development and Financial Performance - The company plans to enhance the brand influence and content diversity of the "ChinaJoy" IP, with a focus on partnerships in gaming and animation [9] - A significant decline in gross margin in Q1 was attributed to a shift in revenue structure, with low-margin businesses growing rapidly, but this is not expected to have a lasting impact on operations [10]

1000亿基金落地！上海2025重点产业布局图来了 3月25日，2025上海全球投资促进大会暨"投资上海"活动周正式拉开帷幕。上海市产业转型升级二期基金、国资并购基金矩阵发布。其中，上海市产业转 型升级二期基金总规模达500亿元，首期基金100亿元；上海市国资并购基金矩阵总规模达500亿元以上。 除了2个500亿基金落地外，会上还宣布了21个重点产业项目落地上海，同时前瞻部署了10条重点产业链、首批"市区协同"千亿产业集群建设成效、14个区 级主导产业特色赛道集聚区。 01 2个500亿基金落地 早在3月20日，有关2个500亿基金落地的消息就已经对外传出，直到3月25日，这两个基金伴随2025上海全球投资促进大会开幕正式落地。 具体来看，上海市产业转型升级二期基金的总规模达500亿元，首期基金100亿元。该基金坚持市场化运作，重点支持新一代电子信息、高端装备、汽车、 新材料、软件和信息服务、工业服务等符合市区协同主导产业的项目，为处于成长期和成熟期的先进制造业企业提供助力，引领新质生产力在上海市高质 量、规模化发展。 上海市国资并购基金矩阵的总规模达500亿元以上，涉及国资国企改革、集成电路、生物医药、高端 ...