Inovance(SZ:300124) Huan Qiu Wang·2025-10-05 00:57Group 1 - In the third quarter, nearly 3,000 listed companies in the A-share market received institutional research, with over 400 institutions focusing on the leading robotics company, Huichuan Technology [1][3] - The focus of institutional research is on companies in the "hard technology" sectors, including integrated circuits, electronic components, and application software [3] - Huichuan Technology plans to invest 8% to 10% of its revenue in R&D, emphasizing software development to address domestic shortcomings and expand into overseas markets [3] Group 2 - The technology sector, particularly AI, remains a key focus in the A-share market, with expectations for continued growth in the computer industry through Q3 2025 [4] - Institutions suggest focusing on AI applications and computing power in Q4, including management software, office software, computing chips, servers, cloud vendors, and smart driving [4] - Upstream capital expenditure in AI is expected to benefit sectors like servers and data centers, while caution is advised for communication and chip leaders in the short term [4]