证券日报网讯2月25日，科华数据（002335）在互动平台回答投资者提问时表示，公司拥有近40年电力 电子技术积淀与十余年数据中心运营经验，始终坚持将技术与服务深度融入产品，以创新产品技术作为 公司发展的核心竞争力。在智算业务方面，公司已推出全球首款200kW高密UPS模块、云动力电力模 组、S锂电、液冷POD等在内的核心产品，在直流供电领域公司打造了覆盖240V至800V的全系列高压直 流电源解决方案，精准适配了新一代AI算力对高效、高密、高可靠供电的算力需求。在新能源业务方 面，公司凭借全域构网型储能技术创新打造了差异化竞争优势，其核心产品2.5MW储能PCS、5MW储 能变流升压一体机与S-EStation5MWh液冷储能电池系统构建了"高效集成、安全可靠、成本更优"的源 网侧构网型储能解决方案。 ...

Core Insights - The rise of Artificial Intelligence Data Centers (AIDC) is transforming the energy landscape, making electricity a critical resource for computing power limits [1][2] - AIDC companies are rapidly crossing capital boundaries, initiating a new era of dual financing platforms, referred to as "A+H" [3] - The shift from "selling computing power" to "controlling energy" reflects a deep transformation in industry logic, with companies racing to secure funding before global energy shortages become a consensus [4] Company Developments - Jinpan Technology, a leading supplier of AIDC power equipment, reported a staggering 603.68% year-on-year increase in data center orders for 2024 [7] - The company is expanding its R&D into high-voltage direct current (HVDC) and solid-state transformers (SST), with expected revenue of approximately 5.194 billion yuan in the first three quarters of 2025, a year-on-year increase of 8.25% [7] - DeYe Co., a leader in household energy storage inverters, is set to submit its IPO application to the Hong Kong Stock Exchange in January 2026, focusing on SST and smart cloud platforms [7] - Unisplendour is leveraging its high market share in networking to address communication latency issues in AI clusters [7] Market Trends - The collective move to the Hong Kong market is not merely a financing action but a strategic effort to anchor global supply chains and enhance liquidity premiums [8] - The AIDC industry is undergoing a systemic reconstruction, transitioning from a focus on computing chips to comprehensive infrastructure [11] - The demand for efficient power supply systems is increasing, with traditional AC power being replaced by more efficient 800V HVDC systems [12] Policy and Future Outlook - Recent government policies indicate a shift from "computing power infrastructure" to "industrial deep integration," emphasizing the need for enhanced AI computing supply [18] - The focus on "artificial intelligence+" actions highlights the importance of iterative technological breakthroughs driven by application demands [19] - The anticipated growth in capital expenditures from North American AI giants and Chinese internet companies signals a robust demand for AIDC infrastructure [20]

（编辑 楚丽君） 证券日报网讯 1月27日，科华数据在互动平台回答投资者提问时表示，近年来随着AI发展对算力的巨大 需求，全球算力基建加速，公司凭借近40年电力电子技术积淀与十余年数据中心运营经验陆续与头部互 联网企业、运营商、金融行业、政企等客户开展合作，面对当前AI智算应用场景，公司发布了全球首 款200kW高密UPS模块、云动力电力模组、S3锂电、液冷POD等在内的核心产品，在直流供电领域公司 打造了覆盖240V至800V的全系列高压直流电源解决方案，精准适配了新一代AI算力对高效、高密、高 可靠供电的算力需求。同时公司充分发挥高质量高可靠的产品技术实力等优势，与头部互联网企业等核 心客户开展深度联合研发，共同推进多项前沿产品研发项目，通过技术共研、场景共创、生态共融等模 式，加速算力基础设施与核心技术的深度融合与行业应用落地。未来公司将持续坚持"数据+数能"双星 驱动的战略布局，紧扣绿色能源蓬勃发展、AI算力需求爆发的时代风口，坚守"以智慧电能驱动低碳数 字未来"的初心使命，深耕产品技术，做强研发根基；拓展海外市场，做大市场版图；推动精益智造， 严把质量管理；坚持以客户为中心，做好全链服务。 ...

Core Insights - The forum "Electric to Megawatt, Intelligent Computing Without Boundaries" focused on the challenges and opportunities in computing power infrastructure in the AI era, highlighting the importance of high-density power supply, green energy efficiency, global layout, and application scenarios [1][3] Group 1: Product Innovations - The launch of the world's first 200kW high-density UPS module was a key highlight, which received the first global certification for a 1.2MW UPS (200kW module) from the TUV certification center [1] - The new product addresses traditional power supply issues by achieving a power density of 47W/in³, which is a 20% improvement over industry standards, and reduces the footprint by 39% [3] - The product is designed to handle AI workloads effectively, maintaining stability under 180% rated load for 300 milliseconds, ensuring reliability for AI training tasks [3] - It incorporates third-generation semiconductor devices and a "magnetic cube" design, achieving a dual conversion efficiency of 98%, with potential efficiency improvements up to 99.2% through WECO mode and intelligent sleep functions [3] Group 2: Strategic Collaborations - The forum featured multiple signing ceremonies for strategic partnerships between KWH Data and various upstream and downstream enterprises, aimed at building a more comprehensive AI industry ecosystem through resource sharing and complementary advantages [4]