信创有序进行，黎巴嫩事件有望加速国产化进度

Investment Rating - The report does not provide specific ratings for the computer equipment, IT services, cloud services, and industrial internet sectors, while it maintains a neutral rating for computer software [1]. Core Insights - The report highlights that the recent bombing incident in Lebanon underscores the necessity for IT self-sufficiency and security, potentially accelerating the pace of domestic production [5][9]. - The Chinese "Xinchuang" (信创) initiative is entering a phase of deepening implementation, with expectations for accelerated industry development due to new policies and funding support [5][13]. - The issuance of special government bonds is anticipated to provide significant financial backing for the Xinchuang initiative, with a planned issuance of 1 trillion yuan in 2024 [5][26]. Summary by Sections Policy Catalysts and Financial Support - The report discusses the increasing frequency of global information security incidents, emphasizing the urgent need for self-controllable IT systems [9]. - It notes that various policies have been introduced in 2024 to enhance procurement standards and promote the use of domestic products in government agencies [15][16]. - The issuance of special bonds is expected to support the Xinchuang initiative, with a focus on achieving high-level technological self-reliance [25][26]. Performance Recovery and Product Innovation - The report indicates that many Xinchuang companies are experiencing a recovery in performance, with significant revenue growth observed in the first half of 2024 compared to 2023 [20]. - It highlights that recent large-scale procurement projects in the Xinchuang sector are becoming more active, indicating a positive trend in market demand [21][23]. Investment Recommendations - The report recommends specific companies for investment, including Haiguang Information, China Great Wall, Jingjia Micro, and Taiji Co., as well as companies within Huawei's self-sufficient supply chain [28].