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

China’s Computing Power Platform (Guizhou) Construction Work Launched.

On March 27, the main stock indices in the A-share market fluctuated and rose. By the close of the morning session, the Shanghai Composite Index was up 0.26%, hitting a high of 3902.15 points during the session. 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 earths, and semiconductor materials strengthened, while energy sectors such as electricity and coal experienced slight pullbacks.

The Construction of China’s Computing Power Platform (Guizhou) Officially Launched

According to the China Academy of Information and Communications Technology, on March 26, the construction work for China’s Computing Power Platform (Guizhou) was launched in Guiyang. Representatives from the Guizhou Provincial Communication Administration, the China Academy of Information and Communications Technology (referred to as “CAICT”), local telecommunications enterprises, and related internet data center companies participated in the launch of the construction work.

Guizhou is an important computing power hub for the national “Eastern Data, Western Computing” project, with a well-established computing power infrastructure and solid industrial foundation. The construction of the Guizhou sub-platform is an important measure for the province to implement the national monitoring work for computing power infrastructure. Once the Guizhou sub-platform is completed, it will achieve real-time collection of computing power data, intelligent analysis, dynamic early warning, and multi-dimensional visualization display, effectively improving the quality of local computing power information management, enhancing the government’s decision-making efficiency in computing power management, and guiding the healthy and orderly development of the computing power industry.

The coordinated layout of computing power infrastructure is strongly supporting the large-scale implementation of artificial intelligence applications. Recently, the National Data Bureau officially designated the Chinese name for Token as “词元” (Ciyuan). Liu Liehong, director of the National Data Bureau, stated at a press conference that by March of this year, China’s daily token usage had exceeded 140 trillion, growing more than 1,000 times compared to the 100 billion at the beginning of 2024, and increasing by over 40% compared to the 100 trillion at the end of 2025, fully demonstrating that China’s artificial intelligence development has entered a rapid growth phase.

Affected by this news, some stocks in the computing power leasing sector of the A-share market rose, with GuiGuang Network (600996) hitting the daily limit, and by the end of the morning session, the order volume reached 292,300 hands, with an order amount of 293 million yuan. Baoxin Software rose by 4.92%, while Oulutong, Guanghuan Xinnet, and Runjian Co. 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 the China Broadcasting Network Southwest Data Center, which are included in the key projects of Guizhou’s “Eastern Data, Western Computing” initiative.

Significant Growth in Cloud Service Business Performance Both Domestically and Abroad

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

With strong demand for computing power driving growth, cloud service businesses both domestically and abroad have seen significant increases in performance. Domestically, China Mobile recently announced its 2025 annual report showing that the company’s intelligent computing service revenue growth rate reached 279%, driving cloud computing service revenue to grow by 13.9% year-on-year. China Telecom announced that Tianyi Cloud revenue reached 120.7 billion yuan, with its public cloud IaaS market share rising to second in the country. Abroad, Google Cloud’s revenue for the fourth quarter of 2025 reached $17.664 billion, a year-on-year surge of 48%, and Amazon’s AWS business for the fourth quarter increased by 24% year-on-year, setting a new high for 13 consecutive quarters.

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

13 Stocks Underwent Institutional Research This Year

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

During the research activities, Zhongji Xuchuang stated that with the development of AI data centers, bandwidth demand is growing very rapidly, and network layers may become more complex. The proportion of optical modules corresponding to ASIC chips is also expected to increase. With key customers starting 1.6T deployments this year, it is anticipated that the demand scale for 1.6T this year will see significant growth compared to last year.

Oulutong stated during the research activities that the company’s high-power server power products are at the leading level domestically and on par with international high-end standards, and it is one of the few power suppliers in the market capable of large-scale sales of high-power server power supplies. The company has progressively delivered products to well-known domestic server system manufacturers such as Inspur Information, Foxconn, Huaqin, Lenovo, ZTE, and H3C, and has also maintained close cooperation with leading domestic internet companies and other end customers, earning high recognition from its clients.

Disclaimer: All information content from Data Treasure does not constitute investment advice. The stock market is risky; investors should exercise caution.

Proofread by: Wang Jincheng