On September 8, Three’S Company Future Technology Group Co.,Ltd. allocated a combined 471 million yuan to partner with leading computing infrastructure builder Zhonglian Data, officially cementing its strategic foray into AI Data Centers (AIDC). The 130MW customized intelligent computing center in Wuhu, its first core asset, marks a tangible step in the company's pivot toward intelligent computing and artificial intelligence. At a time when the AI industry is accelerating from technological breakthroughs to industrial deployment, this move is not merely a business crossover but a pivotal piece completing the company's all-chain AI strategy.
With the computing power foundation now in place, Three's Company has forged a complete ecosystem loop spanning 'chip supply - computing infrastructure - AI model applications.' Its growth narrative has evolved from a single marketing-driven model to a multi-engine approach of 'marketing + computing power + AI,' significantly broadening its long-term development horizon.
AI Industry Enters Explosive Phase, Making Intelligent Computing Infrastructure a Prime Arena
Artificial intelligence is currently in a surge period, moving from large-model iterations to deep penetration across industries. Intelligent computing infrastructure, serving as the 'digital foundation' of the AI era, has become one of the most certainty-driven growth tracks in technology. On the demand side, the exponential upgrades in AI large-model training and inference are generating immense computational needs. Leading internet companies, large-model startups, intelligent vehicle manufacturers, and financial institutions are all ramping up their computing investments, keeping high-quality intelligent computing cabinets in persistent short supply. Computing resources have become core strategic assets for tech enterprises.
According to Frost & Sullivan data, China's data center market is projected to reach approximately 29GW in 2025, growing to 95GW by 2030, a compound annual growth rate of 26% from 2025 to 2030. AI-driven intelligent computing centers are growing at a pace far exceeding traditional IDCs, with annual new capacity growth exceeding 30% from 2026 to 2030, and reaching a remarkable 66.7% in 2027. The industry is in a high-prosperity cycle set to last over five years.
On the policy front, national support for computing infrastructure remains steadfast. The Ministry of Industry and Information Technology's '15th Five-Year Plan for Information and Communication Industry Development' explicitly calls for accelerating the construction of a national integrated computing network, methodically deploying 10,000-card and 100,000-card intelligent computing clusters, intensifying efforts to adapt domestic computing chips, and building a multi-layered system of 'hub - regional - edge' computing facilities. From the 'Action Plan for High-Quality Development of Computing Infrastructure' to the 'Action Plan for Computing Interconnectivity,' policy tailwinds are continuously unfolding, providing solid backing for the long-term growth of the intelligent computing sector and granting first-mover advantages to companies that secure quality assets early.
Driven by both industry prosperity and strong policy support, intelligent computing infrastructure has emerged as a core growth track in the AI era. Three's Company's entry into the AIDC field now precisely aligns with the AI industry's developmental window, laying the groundwork for the company to capitalize on sector-wide dividends.
From Single-Point Deployment to a Full-Chain Loop: Building the Core Framework of AI Transformation
In reality, this intelligent computing initiative is not Three's Company's first foray into AI, but rather a key component of its long-term AI industry puzzle. Prior to this, the company had already made moves in both the upstream chip and downstream AI application segments. The landing of this computing base now fills the central link of the industrial chain.
Upstream, the company has invested in chip distributor Ketong Technology, securing a supply channel for core computing hardware. This ensures stable chip resource support for its computing infrastructure and builds a supply chain advantage even amid industry-wide chip supply fluctuations. Downstream, the company has invested in AI large-model firm Shengshu Technology, focusing on AI model technologies and industry applications. This not only enables deep AI integration into its core digital marketing business but also provides application scenarios and technical support for future intelligent computing operations.
With the Wuhu intelligent computing center and other computing assets now established, Three's Company has formally connected the entire 'chip supply - computing infrastructure - AI model application' industry chain, forming a mutually reinforcing and synergistically developing ecosystem: chip resources guarantee stable construction and iteration of computing facilities; the computing base provides low-cost, high-reliability support for AI model training and inference; and AI model technology and scenario accumulation, in turn, enhance the intelligent operation and solution capabilities of the computing infrastructure.
Compared with enterprises solely focused on IDC or AI applications, Three's Company's full-chain layout offers greater resilience against risk and stronger synergies. This combination of 'full-chain + heavy assets + technology applications' not only establishes the core framework for the company's AI transformation but also builds a difficult-to-replicate, differentiated competitive advantage.
Deep Bidirectional Synergy: Unlocking Accelerated Growth in AI Business
For Three's Company, the value of entering intelligent computing extends beyond adding a new business segment. It is about creating deep, bidirectional synergy with its core digital marketing business, generating a '1+1>2' chemical reaction and injecting sustained momentum into its AI transformation.
On one hand, the intelligent computing base provides core support for the intelligent upgrading of the marketing business. The digital marketing industry is undergoing a profound, AI-driven transformation, with applications like AI-generated content, intelligent ad placement, and data insight heavily reliant on computing power. Owning an intelligent computing center can significantly reduce the procurement costs of computing power for the company's in-house marketing large models, boost training and iteration efficiency, thereby strengthening the technical barriers and service capabilities of its marketing offerings, and consolidating its leading position in the digital marketing sector.
On the other hand, the customer and data accumulated by the marketing main business provide natural soil for the intelligent computing business to thrive. The三大 telecom operators, leading internet platforms, automakers, and financial institutions that Three's Company has long served are precisely the core customer groups with the most intense demand for AI computing power. By leveraging its mature customer relationship network, the company can extend its services from marketing into computing services, deeply mining customer lifetime value and achieving customer resource reuse and appreciation. Compared with IDC companies that must acquire customers from scratch, this customer synergy can drastically lower customer acquisition costs for the computing business, shorten project profitability cycles, and ensure stable cash flow.
Additionally, the vast industry data and algorithmic capabilities accumulated in the marketing business can empower intelligent operations, energy optimization, and customized services for the computing centers, further enhancing operational efficiency and profitability of computing assets.
Binding with a Leader for Rolling Expansion: Sustained Growth Potential in Computing Scale
The partnership with Zhonglian Data provides Three's Company's intelligent computing business with a high starting point for operational support and a sustainable expansion path, enabling long-term, rolling development of its AI transformation.
As a 'leading benchmark pioneer' among computing centers certified by the MIIT China Academy of Information and Communications Technology, Zhonglian Data operates over 1.5 million kilowatts of computing capacity, has more than 30 data centers nationwide, and holds stable customer resources from top internet companies. Its operational expertise and industry resources rank among the industry's top tier. The collaboration adopts a dual-model approach of 'core projects + investment platform': the Wuhu project, as the first mature asset to land, comes with orders from leading internet companies, contributing stable cash flow and operational experience. The jointly established 'Zhonglian Yihao' investment platform serves as a vehicle for nationwide computing asset consolidation, continuously screening and acquiring quality intelligent computing assets across the country.
This expansion model of 'land one, develop the next' balances stability with growth. Leveraging Zhonglian Data's industry resources and operational capabilities, Three's Company can quickly tap into premium computing projects, avoiding the construction cycles and tenant acquisition risks of new builds. Simultaneously, with its sound financial position and ample cash flow, the company can sustain investment in computing asset consolidation, gradually expanding its computing scale to build an intelligent computing network covering key national hubs. Based on industry valuation benchmarks for computing assets, as subsequent projects continue to land and asset scale expands, the size and value of Three's Company's intelligent computing business hold immense growth potential, likely becoming a core engine for future earnings growth.
Transformation Redefines Growth Logic: Long-Term Value Ceiling Continues to Rise
From a leading digital marketing enterprise to a tech company with a full 'chip-computing-AI' industry chain, Three's Company's business structure and growth logic are undergoing profound change. Previously, growth relied primarily on the development of the digital marketing industry and increasing client share. Now, with the intelligent computing deployment and AI transformation, the company has formed a diversified business matrix of 'digital marketing + intelligent computing infrastructure + AI technology applications.' Its growth engine has shifted from being solely marketing-service-driven to a multi-wheel drive encompassing 'marketing fundamentals + computing power growth curve + AI technology increment.'
More importantly, against the backdrop of AI reshaping the digital economy landscape, the value of computing power as a core foundational resource will continue to intensify. By leveraging its full-chain layout, top-tier customer resources, and solid financial foundation, Three's Company has secured a key position in the early stages of the AI industry boom. This not only allows it to share in the high-speed growth dividends of the intelligent computing sector but also positions it with potential to extend into AI solutions and industry-specific intelligent services, substantially raising its long-term growth ceiling.
The landing of the Wuhu intelligent computing center is a significant milestone in Three's Company's AI transformation, and it also marks a new beginning. As the synergies across the full chain gradually materialize and computing assets continue to expand, the company is well-positioned to chart a unique path of transformation and development in the AI era, creating long-term value returns for its investors.