Following the emphasis on "computing power" during China's 2026 Two Sessions, the government work report explicitly called for the implementation of new infrastructure projects, including ultra-large-scale intelligent computing clusters and computing-electricity coordination. It also proposed strengthening the nationwide integrated monitoring and scheduling of computing power. Many National People's Congress representatives offered suggestions on areas like computing power coordination and green, inclusive development. As the core productive force in the digital economy era, the strategic value and development potential of computing power have gained widespread recognition.
Against the backdrop of accelerating the construction of a national integrated computing power network, DC HOLDINGS' (00861) subsidiary is progressively establishing a full lifecycle service system covering computing power from deployment and operation to iteration and recycling. This system includes foundational computing power services, computing power re-engineering services, core computing power services, circular computing power services, computing power talent services, intelligent computing power management services, and green energy services for computing power. Spanning from basic operations and maintenance, planning and migration, and core support, to asset regeneration, talent supply, intelligent operations, and finally energy coordination, it encompasses the complete service chain of "building, using, managing, maintaining, optimizing, and retiring" computing power assets. This comprehensive approach fully aligns with the national requirements for the high-quality development of computing power infrastructure.
**Addressing Computing Power Resource Misallocation: The Crucial Leap from "Building Well" to "Using Well"** With the deepening advancement of the "East Data, West Computing" project, substantial computing power infrastructure has been deployed nationwide. However, challenges such as uneven resource distribution, low utilization rates, and difficulties in cross-regional scheduling have emerged. A core industry challenge is ensuring that the built computing power is effectively "put to use" and "used efficiently."
The foundational and re-engineering services directly address this pain point. The foundational service acts as the "ballast" for business digitization, leveraging a network of over 2,600 technical service outlets across China and engineers stationed in tier 4-6 cities to ensure 7x24 stable operation of computing terminals and infrastructure. The company currently maintains a service response radius of under two hours and serves numerous major clients, including universities of traditional Chinese medicine, Suning.com, and InterContinental Hotels Group.
For optimizing the spatial layout of computing power resources, the re-engineering service focuses on data center relocation and integration. With a team of over 20 PMP-certified project managers and 100+ technical experts, it provides end-to-end services from survey and planning to migration and debugging. It has completed benchmark projects such as the migration of 3,200 devices for Galaxy Securities and the relocation of 1,099 devices for a Mobile Cloud resource pool. In late 2025, the company won a bid for the data center relocation and integration service project of a large state-owned enterprise in Shanghai, marking another significant contract following cooperation earlier that year. Through meticulous management following steps like assessment, solution design, rehearsal, preparation, detailed execution, and final wrap-up, the company aims to achieve zero data loss, zero network interruption, and zero business downtime.
**Tackling AI Computing Power's "Growing Pains": Chip Maintenance, Talent Shortage, and Asset Black Holes** The explosive growth of artificial intelligence has led to a sharp increase in the inventory of servers, the core components of computing power. However, the after-sales support system has not kept pace. Research indicates that a significant portion of core computing components within the industry are sourced through unofficial channels, commonly facing risks such as lack of domestic after-sales support, difficulties in returning faulty cards for repair, and supplier insolvency.
Concurrently, the talent gap in computing centers continues to widen, and chaotic asset management leads to high idle rates and low utilization of equipment, acting as an "invisible killer" for corporate digital transformation.
To address these issues, a three-pronged solution has been launched, comprising core computing power services, computing power talent services, and intelligent computing power management services. The core service establishes spare part reserves and rapid response mechanisms, offering exclusive maintenance solutions for core components to clients like computing power leasing platforms and self-built data centers, tackling the industry dilemma of being "affordable to buy but unaffordable to repair."
The talent service targets the human resource challenges in computing power operations. In response to urgent corporate needs for cost reduction, it leverages accumulated expertise in IT service operations to expand HRO (Human Resource Outsourcing) services for informatization and data services, building flexible talent supply chains for enterprises.
The intelligent management service utilizes a self-developed cloud-based asset management platform to create digital twins for physical computing assets. This platform has established successful use cases across seven industries, including real estate/hotels, IDC, manufacturing, and finance, with clients including QinCloud Foundation, Beiyang Group, and Shenzhen Customs. In the QinCloud Foundation project, the system digitized the entire lifecycle management of fixed and non-fixed assets like servers, switches, and core computing components, covering processes from warehousing and outbound transfer to U-space management within server racks.
**From "Major Energy Consumer" to "Green Foundation": Breaking Ground with Circular Computing and Energy Coordination** Data centers are widely recognized as "major energy consumers," with electricity costs accounting for up to 57% of their operational expenses. As China's "Dual Carbon" goals advance, transitioning computing power from "high-carbon" to "green" has become an imperative question for the industry.
The circular computing power service and green energy service are exploring solutions. The circular service is dedicated to the green recycling and value regeneration of computing assets. As a general agent for Dell asset recycling and possessing professional green recycling qualifications, it provides compliant data erasure reports. Through a nationwide network of warehouses, logistics systems, and retail outlets, it offers secure equipment decommissioning and resource utilization services for clients like Baidu, Parallels Technology, Foxconn, and BYD.
The green energy service takes a forward-looking approach to computing-electricity coordination. During the Two Sessions, an official from the National Development and Reform Commission highlighted that computing-electricity coordination "not only helps enhance the 'green' credentials of computing power but also reduces its usage costs." A member of the National Committee of the Chinese People's Political Consultative Conference also suggested "deepening innovation in computing-electricity coordination and the application of market tools to promote the green and inclusive development of computing power." Targeting three key challenges—power supply stability, cost control, and carbon emission management—the company entered the computing-electricity coordination field in 2026. Through intelligent scheduling and management, it aims to enhance data center energy efficiency and drive the green, low-carbon transformation of computing infrastructure.
From basic operations to energy coordination, and from chip maintenance to talent supply, the service capabilities now form a complete, closed-loop service covering the entire computing power lifecycle. The company stated it will be guided by the spirit of the Two Sessions, closely follow the national construction of the "National Integrated Computing Power Network," ensure computing power investments achieve their full potential, and inject strong momentum into the high-quality development of the digital economy.