机构：产业链持续创新 看好AI端侧投资机会

Core Viewpoint - The "Action Plan for Promoting High-Quality Development of the 'Artificial Intelligence + Audiovisual' Industry (2025-2029)" in Beijing emphasizes empowering terminal applications and developing a fusion technology innovation system focusing on AI terminals such as AI TVs, AI phones, AI glasses, AI PCs, AI in-vehicle audio and video, and AI digital humans [1] Group 1: AI Terminal Development - The plan aims to construct a technology innovation system integrating "edge AI chips + audiovisual algorithms + intelligent agents" [1] - The focus is on new intelligent terminal products and services, indicating a shift in AI development from infrastructure to terminal applications [1] Group 2: Market Opportunities - Ping An Securities highlights that AI glasses, which integrate visual, auditory, and voice interactions, are expected to be a key carrier for AI technology applications, especially following the market success of RayBan Meta [1] - The AI glasses market is anticipated to enter a phase of intensive new product releases, with future sales expected to rise and the related industry chain benefiting [1] Group 3: AI Mobile Phones - Yongxing Securities expresses optimism about investment opportunities in AI edge technology as the industry chain continues to innovate [1] - According to Canalys, the global penetration rate of AI mobile phones is projected to reach 34% by 2025, driven by the simplification of edge models and upgrades in chip computing power [1] - The increasing penetration of AI into mid-range mobile phones is expected to stimulate a wave of upgrades, allowing a broader audience to experience AI technology [1]