计算机行业周报：政策推动下，看好行业估值修复机会

Investment Rating - The report maintains a "Recommended" rating for the computer industry, indicating a positive outlook for valuation recovery driven by policy support [1][4]. Core Insights - The report highlights that the computer industry is currently experiencing historically low valuations due to high R&D investments and long return cycles, which are influenced by risk preferences. With expectations of increased market liquidity, there is optimism for a valuation recovery in the sector [1][16]. - Recent policy initiatives, such as the release of guidelines by the National Data Bureau aimed at promoting high-quality data industry development, are expected to catalyze growth in digital infrastructure and data resource utilization [1][13]. - The report emphasizes the importance of focusing on key sectors that are likely to benefit from policy and event-driven catalysts, particularly in data elements and financial IT [1][22]. Summary by Sections 1. Weekly Market Performance - From September 23 to September 27, 2024, the Shenwan Computer Index rose by 17.74%, with notable gainers including Yinzhijie and Tonghuashun [9]. 2. Industry News - On September 27, 2024, the National Data Bureau issued guidelines to stimulate data application innovation across various sectors, supporting the development of high-quality datasets for AI applications [13]. 3. Key Company Announcements - Shengshi Technology announced a bid for a project worth 107 million yuan related to border inspection facilities [14]. 4. Weekly Views - The People's Bank of China announced a 0.5% reduction in the reserve requirement ratio and a 20 basis point cut in policy interest rates, which is expected to enhance liquidity and lower financing costs for enterprises, thereby boosting investment in computer hardware and software [15][16]. 4.1 Data Element Policy Reintroduction - The report discusses the recent guidelines aimed at fostering the data industry, highlighting the increasing demand for digital infrastructure and the trend towards domestic production [18]. 4.2 Key Stage for Trustworthy Innovation - The report notes that by 2027, significant targets have been set for the digitalization of industrial enterprises, indicating a growing focus on information security and domestic software and hardware [19]. 4.3 Short-term Performance Boost for Financial IT Firms - Increased liquidity in the banking sector is expected to drive demand for financial IT systems, enhancing investment in related facilities and software [20]. 4.4 Upcoming HarmonyOS NEXT Public Beta - Huawei's upcoming public beta for HarmonyOS NEXT is anticipated to enhance its ecosystem, with potential investment opportunities in the Huawei supply chain [21]. 5. Investment Recommendations - The report suggests focusing on companies within the data element sector, trustworthy innovation, financial IT, and the Huawei supply chain, highlighting specific stocks such as Taiji Co., Yunsai Zhili, and others [22].