The concept of Fujian Free Trade Zone bucked the market trend and rose, and the computing power sector ushered in favorable policies.

In early trading today (October 17), the major A-share stock indexes fell collectively, with the Shanghai Stock Exchange Index falling 1% and falling below 3,900 points; the Shenzhen Stock Exchange Component Index fell 1.99%, the ChiNext Index fell 2.37%, and more than 4,100 stocks in the market were green. Among the core indexes, only the Shanghai Stock Exchange Dividend Index and the CSI Dividend Index still rose slightly.

In terms of sectors, the concept of Fujian Free Trade Zone bucked the market trend and rose, with Hainan Free Trade Port, gold and jewelry, and forestry sectors leading the gains. Concepts such as photovoltaics, energy storage, and superhard materials have made significant corrections, and more than 10 billion yuan in main funds have net outflows from the carbon neutral sector.

Fujian local stocks surged

In early trading on October 17, Fujian local stocks performed well, with Strait Innovation's "20cm" daily limit, Pingtan Development, Ruineng Technology, Haitong Development, Xiamen Port, and Xinhe shares daily limit, Longzhu Technology rose 10.66%, and Jiarong Technology and Fujian Jinsen both rose by more than 4%.

In terms of news, China News Network reported that according to the World Maritime Equipment Conference Organizing Committee’s disclosure on October 17, during the 2025 World Maritime Equipment Conference, Fujian Province has signed a total of 172 projects with a total investment of more than 200 billion yuan. As one of the main events of the 2025 World Maritime Equipment Conference, at the Fujian Provincial Marine Economic Industry Cooperation Innovation and Development Conference held in Fuzhou on October 16, 50 major marine economic projects were signed with a total investment of 99.15 billion yuan.

Shenwan Hongyuan Securities Research Report believes that during the "14th Five-Year Plan" period, my country's marine economic aggregate has continued to expand and has played an increasingly important role in the national economy. Based on the ratio of gross marine product to GDP, it is estimated that gross marine product will continue to grow from approximately 10.54 trillion yuan in 2024 to 14.31 trillion yuan in 2030, with a compound growth rate of 7.86%, showing strong development resilience and huge growth potential.

The Ministry of Industry and Information Technology launches a special campaign of "millisecond computing" in urban areas

Recently, the General Office of the Ministry of Industry and Information Technology issued a notice on the launch of a special action for "millisecond computing" in the metropolitan area, focusing on the development of computing power networks, building a high-speed, large-capacity, low-latency, ubiquitous and wide-covering metropolitan area network, providing millisecond-level computing resource network access capabilities in the metropolitan area, that is, realizing millisecond interconnection of computing power centers for infrastructure (

It was mentioned that the interconnection network architecture between computing power centers should be improved, the layout of the metropolitan computing power center should be improved, and the network layer and interconnection topology of metropolitan computing power centers should be improved. By 2027, the one-way optical layer interconnection delay between medium-sized and above metropolitan computing power centers should be less than 1 millisecond. Accelerate the deployment of high-performance networks between computing power centers, orderly promote the application of high-speed optical transmission system equipment such as metropolitan area and above, all-optical cross-connection, and achieve a deployment rate of not less than 50% at the exit of medium-sized and above computing power centers in the metropolitan area and above by 2027, and an all-optical cross-connection deployment rate of not less than 50% at important metropolitan area sites.

In recent years, our country has continued to increase the construction of computing power infrastructure. This special operation is expected to continue to increase the construction of computing power networks, and the computing power industry chain may usher in a new round of growth cycle.

According to data from the Ministry of Industry and Information Technology, as of June 2025, China has 10.85 million standard racks of computing power centers in use, and the scale of intelligent computing power has reached (FP16 half precision), ranking second in the world in terms of total computing power scale.

China Research Institute Puhua predicts that China's data center computing power demand will expand at an average annual growth rate of 20% from 2025 to 2030, of which the proportion of artificial intelligence computing power will increase from 30% to 50%.

Cinda Securities research report believes that from computing to storage, AI catalysis continues to upgrade. The current investment in AI infrastructure is still in its early stages. Whether it is overseas AI or the domestic AI industry chain, the demand for computing power may continue to increase with model upgrades. The short-term stock price may be disturbed by the international situation and market sentiment, but in the medium and long term, we are still optimistic about the growth logic of the main trend of AI.

3 concept stocks have promising third-quarter results

According to statistics from Securities Times·Dabao, there are more than 130 stocks in the A-share computing sector, and only 14 stocks rose in early trading today. Strait Innovation reached the "20cm" daily limit, Huijin rose by 3.81%, and ST Zhongqingbao, Stech and other stocks rose by less than 2%.

From a financial perspective, leveraged funds have recently increased their positions significantly in the computing power sector. Since October, concept stocks have received a total of 2.766 billion yuan in net purchases, with ZTE, Cambrian-U, and iFlytek leading the list with net purchases of 2.203 billion yuan, 833 million yuan, and 502 million yuan respectively.

From the perspective of performance, among the current computing power concept stocks, a total of 3 stocks have released performance forecasts or performance reports for the first three quarters. Among them, Obi Zhongguang-UW is expected to turn losses into profits, and the net profits attributable to Lotus Holdings and Sugon are expected to increase year-on-year. The growth rates (the lower limit of the performance forecasts) are 51.39% and 24.05% respectively.

Obi Zhongguang-UW's performance forecast shows that it is expected to achieve a net profit attributable to the parent company of 108 million yuan in the first three quarters, turning a loss into a profit, an increase of 168 million yuan compared with the same period last year. The company stated on the investor Q&A platform that it has independently developed a number of dedicated computing chips and dedicated photosensitive chips since its establishment.

Lotus Holdings' performance forecast shows that it is expected to achieve net profit attributable to the parent company of 250 million yuan to 280 million yuan, a year-on-year increase of 51.39% to 69.55%. The company stated in a survey conducted by investors that by building a new generation of intelligent computing power management platform - Lotus Purple Star Cloud, Lotus Purple Star has achieved unified management of computing power cards of various domestic and foreign brands, improved the integration of heterogeneous computing resources, flexibly allocated computing power resources at three levels of bare metal servers, virtual machines and containers, and can target different application scenarios.