Core Viewpoint - Hongxin Electronics plans to invest 12.8 billion yuan in a green computing project in Qingyang City, which is expected to significantly enhance its computing power business and meet the growing demand for artificial intelligence computing power across various industries [1][2][3] Group 1: Investment Details - The investment project involves a total planned investment of approximately 12.8 billion yuan, with a construction area of about 500 acres [2] - The project will be developed independently by the company or through a joint venture with ecological partners in the Eastern Data and Western Computing Industrial Park in Qingyang, Gansu [2] - The project includes the establishment of a high-performance computing center, server upgrades, a research institute for domestic computing power adaptation, a national computing scheduling platform, and a trusted data space for the integrated computing network [2] Group 2: Financial Aspects - As of the end of Q1 this year, the company had approximately 380 million yuan in cash and total assets of about 6.76 billion yuan [2] - The funding sources for the project will include the company's own funds (including equity financing), self-raised funds (including national policy funds, syndicate loans, and financing from other financial institutions), and contributions from partners [3] - The local government of Qingyang is providing various favorable policies, including land and energy guarantees, financing interest subsidies, and support for national long-term bonds, which will alleviate the company's funding needs for the computing power business [3] Group 3: Strategic Importance - The project is expected to effectively meet the rapidly growing demand for artificial intelligence computing power across various sectors, serving as a significant growth point for the company's future operations [3] - The development of this project is considered a milestone for the company's growth and operational development [3]

Core Viewpoint - The company announced a collaboration with the People's Government of Qingyang to establish a green intelligent digital infrastructure project, with a total planned investment of 12.8 billion yuan [1] Group 1: Project Overview - The project will cover approximately 500 acres of land and is expected to be constructed in phases [1] - The project will be independently built by the company or through a joint venture with ecological partners [1] Group 2: Project Components - The project includes the construction of a high-performance intelligent computing center and the modification of high-performance computing servers [1] - It will also feature a research institute for domestic computing adaptation and a national computing scheduling platform [1] - Additionally, a trusted data space for the Qingyang cluster of the national integrated computing network will be established [1]