Cambricon(SH:688256) Xin Lang Cai Jing·2025-08-18 02:01Core Viewpoint - The rapid development and investment in artificial intelligence (AI) by state-owned enterprises in China is creating significant opportunities in the AI sector, with notable advancements in technology research, application scenarios, and revenue growth [2][3]. Industry Developments - As of August 15, 2025, the Shanghai Stock Exchange's Sci-Tech Innovation Board AI Index (950180) has seen a strong increase of 1.82%, with key stocks like Stone Technology (688169) rising by 8.59% and Cambricon (688256) by 3.69% [2]. - Major state-owned enterprises, including China Mobile and the State Energy Group, have made substantial progress in AI, with China Mobile reporting AI-related revenues in the "tens of billions" and a total intelligent computing capacity of 61.3 EFLOPS as of June 30, 2025 [3]. - The central enterprises have established AI applications across 16 key industries and over 800 scenarios, focusing on sectors such as steel, shipping, energy, and public transportation [3]. Investment Opportunities - The Sci-Tech AI ETF (588790) has shown a significant increase in scale, growing by 6.22 billion yuan over the past two weeks, ranking first among comparable funds [5]. - The ETF has also seen a substantial increase in shares, with a growth of 4.71 million shares in the same period, indicating strong investor interest [6]. - The ETF's net value has risen by 8.92% over the past six months, outperforming comparable funds [6]. - The ETF closely tracks the AI index, which includes 30 major companies in the AI sector, with the top ten stocks accounting for 67.36% of the index [9]. Market Trends - The demand for domestic computing power and GPU manufacturers is increasing due to accelerated capital expenditures by state-owned enterprises [4]. - The AI sector is expected to see further growth in the next one to two years, particularly in smart manufacturing applications such as industrial quality inspection and energy consumption optimization [3].