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【私募调研记录】呈瑞投资调研弘信电子
Zheng Quan Zhi Xing· 2025-08-25 00:10
Group 1 - The core viewpoint of the article highlights the positive outlook for AI computing power demand driven by investment enthusiasm and sufficient chip supply in overseas markets, while domestic markets face challenges due to security and supply chain issues [1] - The company, Hongxin Electronics, actively participates in the AI computing power expenditure trend and has established a strategic partnership with Suiruan to enhance collaboration in the supply chain and technology development [1] - The company is investing a total of 12.8 billion yuan in building an "energy + computing power" system in Qingyang, which is recognized as a national computing power hub [1] Group 2 - The company provides comprehensive services including chip manufacturing, assembly, sales, procurement, networking, and computing power scheduling, with a focus on GPU computing power leasing [1] - The demand for computing power leasing is rapidly increasing, driven by AI innovations, and is expected to become a fundamental production factor with sustainable high gross margins [1] - The company has launched a distributed liquid cooling edge computing center, which features distributed deployment, edge computing, and energy efficiency improvements, and has already secured orders from leading clients [1]