Tianfeng: "Artificial intelligence +" action accelerates the landing of "AI+ applications". It is recommended to pay attention to XD INC (02400)."

Tianfeng released a research report stating that on August 26, 2025, the State Council issued the "Opinions on Deepening the Implementation of the 'AI+' Action" (State Development [2025] No. 11), which aims to accelerate key actions in 6 areas, including "AI+" technology, "AI+" industrial development, "AI+" consumer upgrading, "AI+" people's well-being, "AI+" governance capacity, and "AI+" global cooperation. Suggestions to pay attention to: XD INC (02400, AI+ gaming), Farsoon Technologies (688433.SH, AI+ intelligent manufacturing), Quantumctek Co., Ltd. (688027.SH, AI+ quantum technology), Uxin Ltd. Sponsored ADR (UXIN.US, AI+ used cars). Based on the specific descriptions of these 6 areas in the "Opinions," the bank selected a total of 50 representative stocks in A-shares, Hong Kong stocks, and Chinese concept stocks, in an attempt to present the current layout of "AI+ applications" by Chinese companies in these 6 key areas to investors. Key recommendations: Zhejiang Shuanghuan Driveline (002472.SZ, AI+ industrialization/Intelligent Siasun Robot&Automation, jointly covering the automotive sector), Orbbec Inc. (688322.SH, AI+ hardware), SY HOLDINGS (06069, AI+ supply chain financial platform; jointly covering the non-bank sector), NEWBORNTOWN (09911, AI+ global social networking), BAIRONG-W (06608, AI+ financial information, jointly covering overseas/media sectors), Cabio Biotech(Wuhan) (688089.SH, AI+ biological manufacturing). Risk warning: Policy implementation may fall short of expectations, AI technology development may fall short of expectations, and project progress of related assets may fall short of expectations.