中信证券：高水平对外开放持续 智慧口岸景气度上行

Core Insights - The report from CITIC Securities highlights the consensus on the need for intelligent upgrades at ports, which serve as a window for national foreign exchanges [1] - With the increase in inbound and outbound traffic, the development of emerging technologies like AI, and the promotion of the Belt and Road Initiative, there is an urgent need to enhance port management efficiency [1] - Government departments are actively investing in this area, which is expected to drive the prosperity of smart ports [1] Demand and Supply Analysis - Demand for smart ports in China is projected to reach approximately 33.6 billion yuan from 2024 to 2026 [1] - The key requirement for the industry is "absolute precision," which corresponds to successful experience, technological strength, and product layout, forming the core competitiveness of enterprises [1] - Successful experience is particularly critical, leading to an anticipated trend of increasing concentration in the industry, favoring leading companies in the A-share smart port sector [1]