计算机行业周报：前三季度行业收入平稳增长，基本面有望逐步改善

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [1] Core Viewpoints - The computer industry has shown steady revenue growth, with total revenue reaching 854.67 billion yuan in the first three quarters of 2024, a year-on-year increase of 6.70% [1][11] - The net profit attributable to shareholders for the same period was 17.08 billion yuan, reflecting a year-on-year decline of 28.10%, but the decline in Q3 2024 narrowed to 2.66% compared to Q3 2023, indicating a potential turning point for profitability [1][11] - The industry has effectively managed costs, with sales expense ratio, management expense ratio, and financial expense ratio decreasing year-on-year [1][16] Summary by Sections 1. Market Performance - The computer index fell by 0.98% from October 28 to November 1, 2024, with notable gainers including China Greatwall and Newland Digital [6] 2. Industry News - The software and information technology services sector reported a total revenue of 98,281 billion yuan in the first three quarters of 2024, a growth of 10.8% year-on-year [9] 3. Key Company Announcements - Inspur Information announced plans to acquire stakes in two subsidiaries, while Aerospace Software is transferring its stake in a financial company [10] 4. Weekly Insights - The report highlights that the computer industry is awaiting a definitive turning point, with steady revenue growth and narrowing profit declines [11][12] - Key sectors such as AI applications, computing power, and the Huawei supply chain are performing well, with expectations for continued recovery in overall industry performance [17] 5. Investment Recommendations - The report suggests that domestic hardware and software manufacturers are likely to benefit from domestic substitution and the AI wave, recommending attention to high-performing stocks in promising sectors [20] 6. Focus Companies and Earnings Forecast - The report lists several companies with earnings forecasts, including: - Zhongke Shuguang (603019.SH) with a 2024E EPS of 1.48 yuan - Damo Data (688692.SH) with a 2024E EPS of 4.74 yuan - Others include Godigital (000034.SZ), Inspur Information (000977.SZ), and more [21]