计算机行业周报：信创，星星之火，可以燎原

Investment Rating - The report maintains an "Outperform the Market" rating for the computer industry [2] Core Viewpoints - The report emphasizes that the "信创" (Xinchuang) initiative is at a new starting point, with a focus on enhancing core categories through refined improvements. It highlights the significant potential for domestic substitution in key areas of the Xinchuang industry, particularly in CPU chips, storage devices, operating systems, and middleware, where domestic production is currently below 10% [4][5] - The report identifies Huawei as a major player in the Xinchuang landscape, leveraging its technological innovations and ecosystem development to drive advancements in domestic computing capabilities. Huawei's initiatives, including the launch of the "原生鸿蒙" (Native Harmony) operating system, are expected to accelerate the commercialization of domestic software and hardware solutions [5] - The report discusses the expansion of the Xinchuang initiative to include industrial software, which is critical for China's manufacturing transformation. It stresses the need for self-sufficiency in industrial software to mitigate risks associated with external pressures, particularly in the context of U.S. chip export controls [6] Summary by Sections Investment Opportunities - The report suggests that the Xinchuang policy is gradually being implemented, with a new wave of replacement demand expected in the party and government sectors. Key players to watch include China Software, DM Data, Kingsoft Office, and others in the Xinchuang and industrial software sectors [6] Industry Trends - The report notes that the Xinchuang initiative is set to enhance the competitiveness of core categories, particularly in industrial software, which is essential for achieving high-level technological independence in manufacturing [6] Future Outlook - The report anticipates that Huawei's upcoming conferences and summits in September 2024 will further bolster the domestic Xinchuang supply chain market, showcasing innovations based on its digital technology ecosystems [5]