计算机：中泰科技：信创回暖信号明确，9月招标迅速启动

Investment Rating - The report maintains a rating of "Hold" for the industry [1]. Core Insights - The report indicates a clear signal of recovery in the "Xinchuang" (信创) sector, with targeted funding support accelerating its advancement [3][8]. - The issuance of special long-term bonds is expected to boost capital expenditure in the Xinchuang field [11][14]. - Market confidence is recovering, and a resurgence in the growth rate of the Xinchuang sector is anticipated [16]. Summary by Sections 1. Recovery Signals in Xinchuang - The deadline for the transformation of state-owned enterprises by 2027 is approaching, prompting accelerated implementation of Xinchuang initiatives [8]. - National standards for the safety and reliability of Xinchuang products have been introduced, enhancing the development of self-controlled technologies [9][10]. - The market is expected to see a recovery in capital expenditure in the Xinchuang sector due to favorable macroeconomic policies introduced since September 24 [11][16]. 2. Rapid Launch of Bidding in September - Government departments are actively promoting hardware upgrades and the application of domestic operating systems, reflecting a strong emphasis on information security [18]. - Major procurement activities include the purchase of desktop operating systems and servers by various sectors, including government, telecommunications, and finance, with significant budget allocations [20][22]. - The report highlights that the total bidding amounts for Xinchuang-related projects have reached several tens of millions [24]. 3. Investment Recommendations - The report suggests that the approaching timeline for comprehensive replacements, combined with recent favorable policies, will likely lead to increased capital expenditure in the Xinchuang sector [23][24]. - Key companies to watch include those involved in infrastructure, basic software, and application software, which are expected to benefit from the Xinchuang initiatives [25].