In the tide of digital transformation, Jin Kai New Energy Co., Ltd. (hereinafter referred to as "Jin Kai New Energy (600821.SH)") is accelerating the implementation of its digital intelligence strategy. According to the company's announcement, its wholly-owned subsidiary plans to invest in the construction of a smart computing center project with a computing power scale of 2000P in Changji City, Changji Prefecture, Xinjiang, and jointly establish a smart computing operation company to be responsible for the market operation of the Changji Smart Computing Center project. This move marks another significant expansion of Jin Kai New Energy in the field of green computing power.

Strategic Diversified Layout Promotes Collaborative Development

Jin Kai New Energy continues to optimize, strengthen, and expand its main business of new energy power stations, relying on its existing operational foundation and scale advantages to increase the integration of green electricity with high-energy-consuming and high-added-value industries. The company actively explores strategic opportunities in the fields of green computing power and green aviation fuel through models such as "source-load linkage and multi-energy complementarity." In addition, the company has signed a "Strategic Cooperation Framework Agreement" with Shandong Innovation Group Co., Ltd. and Baixin Information Technology Co., Ltd., aiming to fully leverage the industrial advantages of partners, combined with the company's experience in new energy project development and capital advantages, to promote the implementation of the company's "source-network-load-storage" and "computing power + energy" related new energy business.

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The demand potential of smart computing technology has been truly reflected in the performance of listed companies. Taking Runze Technology as an example, after the completion and delivery of its first smart computing center last year, its smart computing center business revenue in the first half of 2024 reached 2.054 billion, with a year-on-year increase of 1147.85%. The construction period of the first batch of Changji Smart Computing Center projects is expected to be only 2 months, which can fully enjoy the industry dividends.

In terms of layout, Jin Kai New Energy has increased investment in the upstream and downstream of the new energy industry chain. In the high-end manufacturing sector, it has invested in Yingli Energy Development Co., Ltd., and through the integration and collaboration of the industry chain upstream and downstream, it has landed efficient component production capacity in Tianjin to help build a new energy high-end manufacturing industry cluster in the Beijing-Tianjin-Hebei region; in the supply chain sector, the wholly-owned subsidiary Jin Kai Supply Chain integrates resources from the industry chain upstream and downstream to build a green supply chain and construct an integrated supply chain service platform; in the smart operation and maintenance sector, the wholly-owned subsidiary Jin Kai Zhiwei implements a refined management + intelligent operation and maintenance + smart trading model to provide comprehensive centralized + professional asset management services.

The Disruptive Change of Smart Computing Technology Globally

The theme of this year's World Computing Conference has changed from the previous "Computing Everything, Meeting the Future" to "Smart Computing Everything, Meeting the Future." This change accurately reflects the disruptive change that computing technology is experiencing globally.

In the era of the digital economy, computing power is a new quality of productivity. With the rapid development of new generation information technologies represented by artificial intelligence (AI), the demand for computing resources across various industries continues to rise, and issues such as energy consumption caused by computing power have attracted global attention.

It is estimated that the global data center electricity consumption in 2022 was 460 billion kilowatt-hours, and by 2026, this figure may even exceed 1000 billion kilowatt-hours. The electricity consumption of data centers in our country has also increased rapidly in recent years, and it is expected that by 2025, the proportion of data center electricity consumption in the total social electricity consumption will be raised to 5%. Against this backdrop, low-energy-consuming, high-economic green intelligent computing has become a hot and focused point in the current global competition of technology and industry, with broad development space and huge potential.

Jin Kai New Energy's investment in the construction of smart computing centers not only fits the two major future development directions of new energy and computing power but also enables the renewable energy consumption of data centers and power systems to achieve coordinated scheduling. With the rapid development of artificial intelligence technology and the accelerated growth of smart computing power scale, the rapid increase in computing power electricity consumption, Jin Kai New Energy will have a first-mover advantage in this new track in the future, embracing new development opportunities."East Data West Computing" Boosts Carbon Peak Achievement

The comprehensive launch of the "East Data West Computing" project has provided Jin Kai New Energy with a significant development opportunity. On December 26, 2023, five departments including the National Development and Reform Commission jointly issued the "Implementation Opinions on Deeply Implementing the 'East Data West Computing' Project and Accelerating the Construction of a National Integrated Computational Power Network." The implementation opinions pointed out that by the end of 2025, a preliminary mechanism for the two-way coordination of computing power and electricity will be formed, with the proportion of green electricity in newly built data centers at national hub nodes exceeding 80%. The western regions have abundant green electricity resources and favorable heat dissipation conditions, providing a solid foundation for the development potential of intelligent computing centers. According to the "Action Plan for High-Quality Development of Computational Infrastructure" jointly issued by six departments including the Ministry of Industry and Information Technology on October 8, 2023, the target scale of computing power by 2025 is expected to exceed 300 EFLOPS, with intelligent computing accounting for 35%. It is estimated that the compound annual growth rate of computing power from 2022 to 2025 will be about 18.6%, and with the dual increase in intelligent computing scale and proportion, the three-year compound growth rate is expected to exceed 32.6%.