Guohai Securities: Maintain a "buy" rating for Inspur Information, build the "Stargate" of China, and consolidate the core position of domestic computing power.

Guohai Securities research report pointed out that the computing power overall dispatch platform in Anhui Province has successfully connected with 4 national-level computing power platforms, including the addition of 6 data centers including Changjiang Zhixin. The Chinese "Stargate" project has emerged, and domestic computing power is gradually realizing an industrial closed-loop in the Yangtze River Delta hub. The Wuhu cluster computing power public service platform has connected with 4 major platforms and 6 data centers. According to Observer Network quoting information from the Financial Times, the Chinese "Stargate" project has emerged. Sugon released the Sugon AI supercluster system, and its subsidiary Haiguang Information's future business prospects continue to improve. By obtaining national-level project orders and regional penetration, the company is building a comprehensive advantage in the domestic computing power field from three dimensions: computing power infrastructure layout, independent technology implementation, and business scenario binding. It is believed that with the continuous growth of national intelligent computing projects and CSP demand, as well as the ongoing progress of domestic chip replacement, the company is expected to achieve rapid growth. The "buy" rating is maintained.