内蒙古日报·草原云记者：李国萍 编校：萨其拉图 算力基础设施实现跨越式发展。"十四五"以来，内蒙古紧抓"东数西算"战略机遇，全力推进数字基础设 施建设。算力规模由不足2万P提升至21.8万P，智能算力超过20万P、全国领先。建成覆盖"呼包鄂乌"2 毫秒、京津冀5毫秒、长三角20毫秒的"2·5·20"低时延算力服务圈，有力支撑全国算力资源高效调度。 数据产业集聚效应不断增强。"十四五"以来，内蒙古全力构建"生采存算用易治安"全链条数据产业生 态，推动数据从资源向资产、资本转化。目前，内蒙古数据交易中心已汇聚800余家数商，交易额突破 8000万元。围绕能源、农牧、生态等特色领域，建设高质量数据集30余个，数据规模超1500TB。鄂尔 多斯市人民政府"'草原云廊 蒙域数通'数据流通区域枢纽"、蒙草生态环境集团"'三北'生态种源高质量数 据集"、鄂尔多斯羊绒集团"基于全域数据采集的羊绒产业高质量数据集"等5个项目入选国家先行先试及 典型案例。 内蒙古各地引进数据标注企业60余家，带动就业近7000人，培育自治区级可信数据空间9个，呼和浩特 城市可信数据空间和蒙牛企业可信数据空间入选国家级试点。以和林格尔金融数据产业 ...

AI算力需求激增，数据中心的高能耗问题已成为制约算力产业可持续发展的一大瓶颈。 为引导算力产业绿色转型，近些年，国家陆续出台《节能降碳中央预算内投资专项管理办法》《数据中 心绿色低碳发展专项行动计划》等政策文件，明确通过中央预算内投资、绿色金融工具等，支持算力基 础设施的节能降碳改造与用能设备更新。 这一系列强有力的政策信号，正推动资本市场重新审视数据中心的投资价值。一个年省数千万、蕴含巨 大潜力的黄金赛道——绿色算力，已走进资本的视线。 近日，嘉实基金ESG投研负责人韩晓燕嘉在接受21世纪经济报道专访时表示，数据中心的低碳转型已从 政策约束逐步内化为企业降本增效的核心动能，"降碳即降本"正成为行业共识。 她认为，随着绿色数据中心评价国标落地与绿电经济性日益凸显，这一高耗能领域正经历从"成本中 心"到"价值中心"的战略跃升，也为资本市场带来新的投资逻辑与机遇。 绿色算力投资潜力何在？ 《21世纪》：在AI算力投资热潮中，数据中心的能耗情况如何？ 韩晓燕：未来80%的场景都将基于人工智能，所占据的算力资源由智算中心提供。预测显示，2023— 2028年，中国通用算力和智能算力的五年年复合增长率将分别达到18.8 ...

央视网消息：传统基础设施的建设和改造能释放长期经济社会综合效益，而新型基础设施建设，则是新技术、新产业、新业态、新模式快速成 长的关键支柱。随着新质生产力发展支持力度不断加大，2025年以来，低空经济、算力、电力基础设施等"新基建"投资增长强劲。 在湖北宜昌夷陵区，一条低空经济装备生产线在三季度投入运行。它主要生产全自主消防无人机系统，项目满产后，年产能可达2000架消防无 人机和配套的全自动机场。企业负责人介绍，2025年无人机业务呈现爆发式增长，应用场景包括电力、新能源、消防应急、城市综合治理、林 业、智慧文旅等六大领域，他们将持续加大投资力度。 企业负责人朱胜利介绍，他们的市场营收是2024年的三到五倍，新的工厂2026年在消防领域进行大的拓展。目前，有11个省份都有他们相应的 投资，不仅投产业、投研发、投生产，同时在整个运维服务，在场景打造上也都"全面开花"。 在天津，北辰低空空域智联网系统工程项目也在三季度投运。项目建立了低空飞行三维网格立体空域图、低空飞行红绿灯管理应用系统、低空 飞行管控与服务中心等基础设施，将天津北辰低空空域打造成类似现代地面交通的空中交通指挥与服务系统。通过这张精细到米级的低 ...

2025年9月21日，以"数聚青海·链通丝路"为主题的首届青海数据要素生态大会在西宁隆重召开。作为西 北地区首个聚焦数据要素生态构建的高端盛会，本次大会吸引了众多行业专家、企业代表齐聚一堂，共 同探讨数据要素在青海的发展机遇与未来方向，为青海数字经济高质量发展注入新动能。 青海省数据局局长靳力表示，大会的举办，既是贯彻落实党中央、国务院决策部署和省委、省政府工作 要求，深入推进绿色算电融合发展的具体行动，也是深化数据要素市场化配置改革，推动实体经济与数 字经济深度融合的生动实践。 靳力介绍，近年来，青海绿色算力产业成绩斐然，头部企业纷纷落地，算力规模不断扩大，绿色算电协 同发展成果显著。同时，依托坚实的算力基础，青海数据要素生态持续完善，场景应用不断拓展，在生 态构建和数据要素场景应用方面取得重大进展，涌现出一批特色应用场景。 禀赋筑基产业突破，绿色算力实现量质齐升 党的十八大以来，习近平总书记三次考察青海，为青海指明了打造生态文明高地、建设产业"四地"的高 质量发展路径。 2024年6月，习总书记再上高原，提出青海要着力"培育体现本地特色和优势的现代化产业体系""因地制 宜发展新质生产力"的重大要求，为现代 ...

Core Insights - The "East Data West Computing" project has led to significant social investment exceeding trillions of yuan since its implementation, showcasing its scale effect [1][4] - The project has established 8 hub nodes and 10 data center clusters across 14 provinces, providing approximately 80% of the national intelligent computing power and accelerating the development of industries such as artificial intelligence and smart manufacturing [4][10] Investment and Infrastructure Development - The project has facilitated the migration of business operations from the eastern regions to the resource-rich western areas, with 5 out of 8 hub nodes located in the west, fostering the emergence of new computing cities like Qingyang in Gansu and Ulanqab in Inner Mongolia [7][10] - The distribution of computing power was previously 80% in the east, while energy resources were concentrated in the west, leading to a strategic alignment of energy and computing infrastructure [10] Green Energy Utilization - The green energy usage in newly established data centers in regions like Inner Mongolia has exceeded 85%, indicating a shift towards sustainable energy practices [12] - Innovative models for direct supply of green electricity to data centers have resulted in over a 20% reduction in energy consumption [16] Technological Advancements - The implementation of cooling technologies, such as natural ventilation in Guizhou and liquid cooling in Anhui, has led to significant energy savings, with reductions of over 7 million kilowatt-hours annually and 30% energy savings respectively [19] Future Directions - The National Data Bureau plans to continue focusing on the green, intensive, and inclusive development of the "East Data West Computing" project, aiming to enhance the national integrated computing network [20][23] - The "14th Five-Year Plan" has laid the groundwork for the development of computing infrastructure and green initiatives, with the "15th Five-Year Plan" expected to be a period of significant growth in computing capabilities [21]

Core Insights - The "East Data West Computing" project has led to over 1 trillion yuan in social investment since its implementation, showcasing significant scale effects [1][2] - The project has established 8 hub nodes and 10 data center clusters across 14 provinces in eastern, central, and western China, providing approximately 80% of the national intelligent computing power [2] Investment and Infrastructure Development - The project has facilitated the migration of computing resources from the eastern regions to the western areas rich in renewable energy, contributing to the rise of new computing cities such as Qingyang in Gansu and Ulanqab in Inner Mongolia [2] - Prior to the project, 80% of the country's computing power was concentrated in the east, while the corresponding energy resources were located in the west, indicating a strategic alignment of energy and computing infrastructure [2] Green Energy Utilization - Recent monitoring indicates a continuous improvement in the green energy usage ratio within the "East Data West Computing" project, with some new data centers in Inner Mongolia achieving over 85% green energy usage [3][4] - The introduction of direct supply models for green electricity has resulted in over a 20% reduction in energy consumption for data centers [4] Technological Innovations - Innovative cooling technologies, such as liquid cooling, have been implemented in data centers, leading to a 30% reduction in energy consumption [4] - The use of natural cooling methods in high-altitude regions has also contributed to significant energy savings, with one data center reducing industrial electricity use by over 7 million kilowatt-hours annually [4] Future Development Plans - The National Bureau of Statistics plans to focus on green, intensive, and inclusive development in the ongoing implementation of the "East Data West Computing" project, aiming to accelerate the construction of a national integrated computing power network [5] - The project is expected to lay the groundwork for significant advancements in computing power during the 14th Five-Year Plan period, with a vision for further development in the 15th Five-Year Plan [5]

Valuation Suggests Upside Potential. Despite its solid fundamentals and expansion momentum, SHNE remains undervalued relative to peers. The company's shares are currently trading at HK$2.15, equating to a market capitalization of HK$4,830 million. Based on projected CY2025 EPS of HK$0.14, this implies a forward P/E ratio of 16x—below the peer average of 20x. This valuation discount presents an attractive entry point for investors, especially considering SHNE's strategic focus on green computing power and it ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The current bull market contains three ESG investment themes: improvement in corporate governance leading to valuation uplift, long-term opportunities from high-quality economic development and green transformation, and short-term supply optimization under energy transition [1][2][3] Summary by Sections 1. High-Quality Development of Capital Markets and Corporate Governance - Following the "New National Nine Articles," China's capital market has entered a phase of high-quality development, with regulatory guidance aimed at enhancing corporate governance to elevate A-share valuations [10][11] - The experience from Japan and South Korea indicates that improved corporate governance can significantly enhance market price-to-book ratios [11][14] - The report highlights the importance of institutional investors, particularly public funds, in actively participating in corporate governance to drive quality improvements in listed companies [10][21] 2. Long-Term Opportunities from Economic High-Quality Development and Green Low-Carbon Transition - The "Five Major Articles" are driving the financial sector's transformation, linking it with five ESG-value industries, which is expected to enhance asset quality and profitability [2][33] - The report emphasizes the role of technology in fostering new productive forces, particularly in sectors like AI and green computing, which are poised for significant growth [2][50] - Traditional industries are encouraged to undergo green transformation, integrating "new energy+" to enhance efficiency and sustainability [2][34] 3. Energy Transition: Short-Term Supply Optimization and Long-Term Structural Changes - The report identifies investment opportunities in the energy transition sector, particularly under the "dual carbon" policy framework, which aims to optimize supply in high-energy-consuming industries and promote structural changes in energy usage [3][35] - Short-term policies are expected to improve market dynamics in sectors like renewable energy and electric vehicles, while long-term changes will reshape the entire energy supply chain [3][45] 4. Financial Sector Transformation - The financial sector is undergoing a shift from traditional profit models to comprehensive service models, driven by the "Five Major Articles," which require banks and insurance companies to adapt their product offerings and risk management strategies [45][46] - The report notes significant growth in green finance, with outstanding loans increasing from 8.23 trillion yuan in 2018 to 42.39 trillion yuan by mid-2025, reflecting a compound annual growth rate [35][38] 5. Digital Economy and Technological Innovation - The digital economy in China has grown from 39.2 trillion yuan in 2020 to 53.9 trillion yuan in 2023, with a compound annual growth rate of 11.2%, indicating a strong trend towards digital transformation [50][53] - The report forecasts that the digital transformation market will maintain a high growth rate of 15.6% annually from 2023 to 2028, highlighting the importance of technology in driving economic development [50][56]

Core Viewpoint - Hunan Junxin Environmental Protection Co., Ltd. (Junxin Co.) reported strong financial performance for the first half of 2025, with significant year-on-year growth in revenue and net profit, indicating robust development resilience and growth potential [1][2]. Financial Performance - The company achieved operating revenue of 1.478 billion yuan, a year-on-year increase of 33.07% [1]. - Net profit attributable to shareholders reached 400 million yuan, reflecting a year-on-year growth of 49.23% [1]. Operational Achievements - Junxin Co. processed 1.861 million tons of municipal waste, up 10.7% year-on-year [1]. - The company generated 886 million kWh of electricity, marking a 26.21% increase compared to the previous year [1]. - Average electricity generation per ton of waste was 476.27 kWh, a 9.7% increase year-on-year [1]. Research and Development - The company invested 33.9915 million yuan in R&D, representing a 6.79% increase [1]. - As of the end of the reporting period, Junxin Co. held a total of 453 authorized national patents, including 86 invention patents [1]. Mergers and Acquisitions - Junxin Co. acquired a 63% stake in Hunan Renhe Environmental Technology Co., Ltd., which exceeded profit commitments for 2023 and 2024 [2]. - Renhe Environmental reported net profits of 496 million yuan and 540 million yuan for the respective years, contributing positively to Junxin Co.'s revenue and profit growth [2]. International Expansion - The company is actively expanding its international business, with projects in Kyrgyzstan and agreements in Kazakhstan [2]. - Junxin Co. has submitted an application for H-share listing on the Hong Kong Stock Exchange to support its international growth strategy [2]. Strategic Partnerships - A strategic cooperation agreement was signed with Changsha Digital Group to develop a "waste-to-energy + green computing center" project [3]. - This collaboration aims to enhance the company's capabilities in green energy and digital upgrades, potentially creating new revenue streams [3]. Future Outlook - Junxin Co. plans to continue expanding its domestic and international solid waste treatment and green energy markets [3]. - The company aims to integrate waste incineration power generation with new technologies to enhance its core competitiveness and brand influence [3].

Group 1 - The core viewpoint of the article highlights that Shandong High-speed Holdings (00412) is experiencing a stock price increase, attributed to its upcoming board meeting to consider mid-term performance and strategic partnerships [1] - The company is set to hold a board meeting on August 29 to approve its mid-term results, indicating a focus on performance evaluation [1] - Shandong High-speed Holdings is the only subsidiary of Shandong High-speed Group with an integrated computing and electricity industry segment, positioning it as a key player in the strategic cooperation with Huawei aimed at developing a "green computing + clean energy" model [1] Group 2 - According to Zhongtai Securities, the company's performance is expected to grow rapidly in the coming years due to its deepening layout in the AIDC industry and the synergistic effects brought by its major shareholder, Shandong High-speed Group [1] - The main revenue growth is anticipated to come from Shandong High-speed New Energy, which will benefit from the booming green electricity market in China [1] - Century Internet is expected to continue benefiting from the development of artificial intelligence and the promotion of the "East Data West Computing" project, contributing to profit growth [1] - The standard investment business is predicted to remain stable, while the risk exposure in non-standard investment business is expected to gradually decrease [1]