"Top-level file on artificial intelligence + released! China Post Securities: Focus on LENOVO GROUP, Yonyou Network Technology, etc."

Recently, China Post Securities released a research report stating that the State Council issued the "Opinions of the State Council on Further Implementing the 'AI+' Action" (hereinafter referred to as the "Opinions"), which has become another top-level policy after "Internet+" in 2015. Artificial intelligence has become the national strategic development direction. The report points out that "AI+" focuses on reshaping the underlying logic of industries with intelligence and accelerating the cultivation of new productive forces. The "Opinions" state that by 2027, China will take the lead in achieving extensive and deep integration of artificial intelligence with six key areas. The penetration rate of new generation intelligent terminals and intelligent systems applications will exceed 70%. By 2030, China will comprehensively enable artificial intelligence for high-quality development, with the penetration rate of new generation intelligent terminals and intelligent systems applications exceeding 90%. By 2035, China will enter a new stage of intelligent economic and social development, providing strong support for the basic realization of socialist modernization. The "Opinions" propose eight basic supports (including AI software and hardware, talents, laws and regulations, etc.) that are not simply listed, but construct a three-dimensional system of "hard support + soft guarantee + ecological nurturing". The core is to form a closed-loop development of multiple values of artificial intelligence through the integrated development strategy of "model+data+computing power". Among them, the "Opinions" point out the key areas of improving model basic capabilities, strengthening innovation in data supply, and coordinating intelligent computing power, optimizing the allocation of national intelligent computing resources, and improving the national integrated computing power network. Artificial intelligence promotes revolutionary leaps in productivity and profound changes in production relations, with key actions in six areas: 1) AI+Science and Technology: Accelerating the process of scientific discovery, driving innovation in research and development models and efficiency improvement, and innovating research methods in philosophy and social sciences; 2) AI+Industrial Development: Cultivating new native intelligent models and formats, promoting the comprehensive intelligence development of the industrial sector, accelerating the transformation and upgrading of agricultural digitization, and innovating new models for service industry development, among others; 3) AI+Consumption Quality: Expanding new service consumption scenarios, cultivating new product consumption formats, etc.; 4) AI+People's Livelihood and Well-being: Creating smarter work methods, implementing more effective learning methods, and creating higher-quality and better lives, among others; 5) AI+Governance Capacity: Creating a new landscape of human-machine coexistence in social governance, building a new pattern of diverse governance for safety, and co-creating a new narrative of ecological governance for beautiful China, among others; 6) AI+Global Cooperation: Promoting the inclusive and shared development of artificial intelligence, building a global governance system for artificial intelligence, and so on. China Post Securities believes that the implementation of these measures will help solve the pain points of "expensive computing power, lack of data, and difficult-to-use models" for the AI industry, and promote the industry's transformation from "technical exploration" to "large-scale implementation", ushering in the AI era. In terms of investment suggestions, it is recommended to pay attention to: 1) AI Agents: Yonyou Network Technology, Hand Enterprise Solutions, etc.; 2) AI End Terminals: LENOVO GROUP, Iflytek Co.,ltd.; 3) AI Computing Power: Cambricon Technologies, CloudMinds Technologies.