Huatai Securities pointed out that AIDC construction will accelerate the upgrading of the power supply architecture, and test power supplies are expected to usher in development opportunities. Huatai Securities believes that as the data center power supply architecture continues to evolve from UPS to HVDC and SST, test targets will extend from a single PSU to Power Shelf, BBU, and the entire rack system; at the same time, the cabinet power level continues to rise, which is expected to drive the volume and price of test power supplies to rise sharply. I am optimistic that domestic manufacturers will achieve rapid growth in the context of industry expansion and technological upgrading through the accumulation of high-power technology and domestic replacement opportunities.

Huatai Securities pointed out that AIDC construction will accelerate the upgrading of the power supply architecture, and test power supplies are expected to usher in development opportunities. Huatai Securities believes that as the data center power supply architecture continues to evolve from UPS to HVDC and SST, test targets will extend from a single PSU to Power Shelf, BBU, and the entire rack system; at the same time, the cabinet power level continues to rise, which is expected to drive the volume and price of test power supplies to rise sharply. I am optimistic that domestic manufacturers will achieve rapid growth in the context of industry expansion and technological upgrading through the accumulation of high-power technology and domestic replacement opportunities.