600996, "one-character" board! "East Data West Computing," good news is here

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The construction of the China Computing Power Platform (Guizhou) has commenced.

On March 27, the main stock indices of the A-share market fluctuated and rose. By the close of the midday session, the Shanghai Composite Index was up 0.26%, reaching a high of 3902.15 points during the day. The Shenzhen Component Index rose by 0.93%, and the ChiNext Index increased by 0.83%. In terms of sectors, concepts like lithium mining, CRO, rare earth, and semiconductor materials strengthened, while energy sectors like electricity and coal saw slight pullbacks.

The construction of the China Computing Power Platform (Guizhou) officially begins.

According to a report from the China Academy of Information and Communications Technology (CAICT), on March 26, the construction of the China Computing Power Platform (Guizhou) was launched in Guiyang. Representatives from the Guizhou Provincial Communications Administration, CAICT, local telecommunications companies, and relevant internet data center enterprises attended the launch.

Guizhou is a crucial computing power hub for the national project “East Data West Computing,” with a well-established computing power infrastructure and solid industrial foundation. Building the Guizhou sub-platform is an important measure for the province to implement the national coordinated monitoring of computing power infrastructure. Once the Guizhou sub-platform is completed, it will realize real-time data collection, intelligent analysis, dynamic early warning, and multi-dimensional visual display of computing power data, effectively improving local computing power information management quality, enhancing government decision-making effectiveness in computing power management, and guiding the healthy and orderly development of the computing power industry.

The coordinated layout of computing power infrastructure strongly supports the large-scale implementation of artificial intelligence applications. Recently, the National Data Bureau officially designated the Chinese name for Token as “词元.” Liu Liehong, head of the National Data Bureau, stated at a press conference that by March of this year, the daily average token call volume in China has exceeded 140 trillion, growing over 1000 times from 100 billion at the beginning of 2024, and has increased by more than 40% in just three months compared to 100 trillion by the end of 2025, fully demonstrating that China’s AI development has entered a rapid growth phase.

As a result of this news, some stocks in the A-share computing power leasing sector rose, with Guiguang Network (600996) hitting the daily limit, reaching a limit order volume of 292,300 lots and limit order funds totaling 293 million yuan. Baoxin Software rose by 4.92%, and Oulu Tong, Guanghuan New Network, and Runjian Shares all saw increases of 2% or more.

Guiguang Network previously stated on the investor interaction platform that the company is a key digital industry enterprise in Guizhou Province and is actively promoting the construction of projects such as the National Cultural Big Data Southwest Regional Center and China Broadcasting Cloud Southwest Data Center, which are included in Guizhou’s “East Data West Computing” key projects.

High growth in domestic and international cloud service businesses

In 2025, driven by the continuous explosion of artificial intelligence technology, the scale of intelligent computing in China is expected to achieve rapid growth. According to data from the Ministry of Industry and Information Technology, the scale of intelligent computing in China will reach 1590 EFLOPS in 2025, a year-on-year increase of 119%. The report “Computing 2030” released by Huawei suggests that by 2030, general computing power will increase tenfold compared to 2020, while AI computing power will grow 4000 times.

Under the strong demand for computing power, the performance of cloud service businesses both domestically and internationally is generally experiencing high growth. Domestically, China Mobile recently announced in its 2025 annual report that the company’s intelligent computing service revenue growth rate reached 279%, driving a year-on-year increase of 13.9% in cloud computing service revenue. China Telecom announced that Tianyi Cloud revenue reached 120.7 billion yuan, with the public cloud IaaS market share rising to second place domestically. Internationally, Google Cloud’s revenue for the fourth quarter of 2025 reached 17.664 billion USD, a year-on-year surge of 48%, while Amazon’s AWS business grew by 24% year-on-year in the fourth quarter, setting a new high in 13 quarters.

Guojin Securities’ research report suggests that 2026 will be a key year for China’s computing power demand to shift from “cloud training” to a dual-driven model of “training + inference,” with the computing power gap expected to be rapidly released under the catalysis of more modalities and broader scenarios. By 2026, domestic computing power supply will shift from a single state of shortage to structural balance, with abundant computing power resources effectively accommodating the explosive demand, laying the foundation for the performance realization of the computing power industry chain.

13 stocks have received institutional research this year

According to statistics from Securities Times·Data Treasure, there are a total of 46 stocks in the A-share computing power leasing sector. From the perspective of institutional attention, since the beginning of the year, 13 stocks have received institutional research. Zhongji Xuchuang, Oulu Tong, and Wangsu Technology have the highest number of institutional research engagements, with 137, 95, and 56 institutions respectively.

Zhongji Xuchuang stated during the research activity that with the development of AI data centers, bandwidth demand is growing very rapidly, and network levels may become more numerous and complex, leading to an increase in the proportion of optical modules corresponding to ASIC chips. As key clients begin the 1.6T deployment this year, it is expected that the demand for 1.6T this year will see significant growth compared to last year.

Oulu Tong mentioned during the research activity that the company’s high-power server power supply products are already at the leading level in the country, comparable to international high-end standards. It is one of the few power supply vendors in the market capable of achieving large-scale sales of high-power server power supplies. The company has successively shipped products to well-known domestic server system manufacturers such as Inspur Information, Foxconn, Huaqin, Lenovo, ZTE, and H3C, while also maintaining close cooperation with top domestic internet companies and other end clients, gaining high recognition from customers for its comprehensive strength.

Disclaimer: All information content from Data Treasure does not constitute investment advice. The stock market has risks; investment requires caution.

Editor: Lin Lifeng