In today's digital era, computing power is becoming a crucial driver for artificial intelligence development.
Unitree Robotics Completes IPO Guidance Humanoid robotics leader Unitree Robotics Co., Ltd. has reached a significant milestone in its IPO process. On November 15, the China Securities Regulatory Commission (CSRC) announced the completion of Unitree's IPO guidance, with CITIC Securities as the advising institution. The company plans to pursue a domestic IPO.
CITIC Securities confirmed that Unitree has established proper corporate governance, accounting practices, and internal controls, meeting the requirements for a listed company. Key stakeholders, including executives and major shareholders, are well-versed in capital market regulations and disclosure obligations.
Unitree initiated its IPO guidance in July 2025 under CITIC Securities. Founder Wang Xingxing holds a 23.82% stake directly and controls an additional 10.94% through Shanghai Yuyi Enterprise Management Consulting, totaling a 34.76% ownership.
2025 World Computing Conference Set for Changsha The 2025 World Computing Conference will take place in Changsha, Hunan, from November 20–21, themed "Computing for All, Shaping the Future—Intelligent Computing Driving New Productive Forces." The event will feature 12 key sessions, including an opening ceremony, thematic forums, and innovation showcases.
Organized by China’s Ministry of Industry and Information Technology and the Hunan Provincial Government, the conference has grown into a premier global platform since its 2019 inception. Esteemed speakers, including Nobel laureate Thomas Sargent and leading academics, will discuss computing trends and policies.
Exhibits will highlight cutting-edge innovations like the Ascend 384 super-node system, AI-powered robotics, smart vehicles, and brain-computer interfaces, alongside Hunan’s "AI+" industrial initiatives.
AI Computing Power’s Vast Growth Potential Computing power—encompassing data processing, networking, and storage—is evolving as a transformative force. Supercomputing, the most advanced category, can perform 10 quintillion operations per second, equivalent to 8 billion people typing continuously for 40 years.
The AI boom is reshaping global computing. The Global Computing Coalition’s CTO Miao Fuyou noted AI’s pervasive impact across industries. CITIC Securities predicts robust growth for domestic computing power, mirroring U.S. tech stocks’ 2023 rally, with opportunities in liquid cooling, storage, and quantum computing.
China’s AI computing capacity is projected to hit 725.3 EFLOPS in 2024, with a 46.2% CAGR through 2028. By 2030, an additional 4,119 EFLOPS may be needed. Total infrastructure investments could reach ¥9.2 trillion ($1.8 trillion annually), accounting for 3.6% of 2024’s fixed-asset investments.
Institutions Bet on 4 Undervalued AI Computing Stocks Over 80 A-share stocks are tied to AI computing, with a combined market cap exceeding ¥6 trillion. Twelve firms, including Foxconn Industrial Internet and Cambricon, boast valuations above ¥100 billion.
After recent pullbacks, 67 stocks have retreated over 20% from yearly highs, with 10 down more than 40%. Notably, Envicool, Cambridge Industries, TFC Optical, and Megmeet have seen over ¥100 million in institutional inflows this month.
Envicool leads with ¥880 million in net buys, leveraging its full-chain liquid cooling solutions to support high-efficiency computing. Its Q1–Q3 net profit rose 13.13% to ¥399 million.
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