China Energy Engineering Shares Surge Over 7% as Computing-Power Synergy Enters Government Work Report, Firm Deeply Involved in National Data Center Project

Stock News
03/11

China Energy Engineering (03996) rose more than 7%, with a gain of 7.04% to HK$1.52 at the time of writing, and a turnover of HK$1.028 billion. The increase follows the inclusion of computing-power and energy synergy as well as green fuels for the first time in the Government Work Report during the Two Sessions. The report highlighted the implementation of new infrastructure projects such as ultra-large intelligent computing clusters and computing-power synergy, along with enhanced nationwide integrated computing power monitoring and scheduling. Guotai Haitong Securities noted that China Energy Engineering is focusing on systematic advances in "AI + energy and power" and "AI + industrial integration," actively leveraging its strengths in data-energy integration and computing-power synergy. The company is deeply involved in the construction of computing hub centers across eight node regions under the national "East Data, West Computing" project. According to the research report, China Energy Engineering has invested in or deployed data center projects in multiple hub nodes, including Qingyang in Gansu, Zhongwei in Ningxia, Wuhu in Anhui, Shaoguan in Guangdong, Datong in Shanxi, and the Beijing Economic-Technological Development Area. Among these, the Qingyang "East Data, West Computing" integrated smart zero-carbon big data center park demonstration project in Gansu has a total investment of approximately RMB 4.1 billion (including computing power investment, excluding supporting new energy investment).

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