CITIC Securities: Management software or AI agents landing one of the best scenarios, priority focus on leading enterprises in the field of enterprise services.

CITIC Securities released a research report stating that 2025 is expected to be the first year for the landing of AI applications, and the application scenarios of AI Agents are expected to experience rapid growth. Management software or AI Agents are one of the best scenarios for landing, and traditional industry leaders with long-term industry accumulation have significant advantages. Short-term product value logic verification and industrial technological changes are expected to bring new catalysts, and AI application revenue is expected to begin to show in various company performance from Q4, driving a new round of company value reassessment. It is recommended to continue to pay attention to the commercial progress of AI in core modules of management software such as finance, human resources, sales, production, and supply chain, and to prioritize investment opportunities in the leading companies in the enterprise service segment.