Zhitong Financial APP learned that Tianfeng Securities released a research report on October 13, "China Telecom Corporation AI Computing Server (2023-2024) centralized procurement project bid candidate announcement" was released. China Telecom Corporation purchased a total of 4175 training servers this time. In contrast, in China Telecom Corporation's 2021-2022 server centralized procurement project, only 1268 GPU-type servers were procured. The substantial increase in the number of AI servers this time proves the magnificent demeanor of domestic GPU servers. According to the analysis of the order, in the financial information innovation system transformation project, the proportion of items purchased by Huawei compared to Haiguang information is close to 1:1. The bank believes that at present, attention should be paid to the ecological opportunities related to Huawei hardware industry chain.
Comments on Tianfeng Securities are as follows:
AI servers are collected and divided into 4 standard packages with a total of 4175 AI computing servers
According to the previous announcement, China Telecom Corporation's AI server collection is divided into four standard packages, package 1 and package 2 are I series servers, including 2073 training air-cooled servers, 125 training liquid-cooled servers and 1182 InfiniBand switches; package 3 and package 4 are G-series servers, 1048 training air-cooled servers and 929 training liquid-cooled servers. China Telecom Corporation purchased a total of 4175 training servers this time. In contrast, in China Telecom Corporation's 2021-2022 server centralized procurement project, only 1268 GPU-type servers were procured. The substantial increase in the number of AI servers this time proves the magnificent demeanor of domestic GPU servers.
Hua Kun Zhenyu / superfusion / FiberHome Communications is the biggest winner of telecom AI domestic G-server.
According to this announcement and Yun headline news:
Package 1: actual bid amount and corresponding share of training air-cooled servers (series I): 1) superfusion 1.656 billion yuan, 31% share; 2) Wave information 1.175 billion yuan, 22% share; 3) Ziguanghuashan 860 million yuan, 16% share; 4) Ningchang 644 million yuan, 12% share; 5) ZTE Corporation 538 million yuan, 10% share; 6) Fiberfire communication 264 million yuan, 5% share 7) Lenovo 202 million yuan, 4% share.
Bid package 2: actual bid amount and corresponding share of training liquid cooling server (series I): 1) superfusion 137 million yuan, 40% share; 2) wave information 103 million yuan, 30% share; 3) Ziguanghuashan 68 million yuan, 20% share; 4) Ningchang 34 million yuan, 10% share.
Bid 3: training air-cooled server (G series) winning candidates: 1) Huazheng Zhenyu 1.305 billion yuan; 2) Kunlun quotation 1.301 billion yuan; 3) FiberHome Communications quoted price 1.302 billion yuan; 4) Baode calculated quotation 1.309 billion yuan; 5) Xinhua three quoted price 1.302 billion yuan; 6) Xiangjiang Kunpeng quoted price of 1.3 billion yuan; 7) DCN quoted price of 1.302 billion yuan; 8) Yellow River information industry quoted price of 1.307 billion yuan.
Bid 4: training liquid-cooled server (G series) winning candidates: 1) Huazheng Zhenyu 1.477 billion yuan; 2) Kunlun quotation 1.475 billion yuan; 3) FiberHome Communications quoted price 1.475 billion yuan; 4) Xinhua three quoted price 1.476 billion yuan; 5) Baode calculated quotation 1.485 billion yuan; 6) Xiangjiang Kunpeng quotation 1.474 billion yuan; 7) DCN quoted price 1.476 billion yuan; 8) Yellow River information industry quoted price 1.484 billion yuan.
Telecom is just the beginning, operators lead AI Xinchuang.
The bids of the China Telecom Corporation collection project are all Huawei ecology-related server manufacturers, according to the actual winning bid and the bid quotation of the first candidate, the total amount is about 8.463 billion yuan. In addition, recently, financial credit has accelerated its landing, large purchase orders have appeared frequently, and Huawei's market share has increased rapidly. According to the analysis of the order, in the financial information innovation system transformation project, the proportion of items purchased by Huawei compared to Haiguang information is close to 1:1. The bank believes that at present, attention should be paid to the ecological opportunities related to Huawei hardware industry chain.
Recommended concerns are as follows:
Servers: FiberHome Communications (600498.SH), Digital China (000034.SZ), High-tech Development (000628.SZ), Tuo Wei Information (002261.SZ)
Server operating system: Kirin Principal Security (688152.SH), China Software (600536.SH), Chengmai Technology (300598.SZ)
Ecological applications of upper layer software: 300687.SZ, 301236.SZ, 002609.SZ, China Software International (00354)
Risk Tips:The landing of Xinchuang is not as expected, the industry competition aggravates the risk, and the landing of AI applications is not as expected.