中信证券：AI贡献提升，盈利改善明显

Core Viewpoint - The report from CITIC Securities indicates that the computer industry will experience significant revenue acceleration and notable profit improvement in the first half of 2025, driven by various factors such as increased CAPEX, technological upgrades, and supply improvements [1] Group 1: Revenue Growth - The computing power sector is expected to see high revenue growth due to accelerated CAPEX, technological upgrades, and improved supply conditions [1] - The growth in the "Xinchuang" sector is anticipated to remain robust, with expectations for further acceleration in the second half of the year and potential expansion into industrial software categories [1] Group 2: Profit Improvement - The contribution of AI applications to overall performance is expected to increase significantly, leading to substantial profit improvements through cost reduction and efficiency enhancement [1] - A performance inflection point is anticipated, with the second half of 2025 expected to see further contributions from AI to the growth of the computer sector, alongside fundamental improvements and profit growth driven by cost reduction and efficiency [1]