平安证券：晨会纪要-20241218

Group 1 - The report highlights that the computer industry is approaching a performance inflection point, with new productive forces expected to accelerate development, maintaining a "stronger than the market" rating for the sector [7][12] - The domestic market for the Xinchuang (信创) industry is projected to exceed 400 billion yuan from 2024 to 2028, driven by government support and increasing procurement demand [8] - The AI server market is estimated to reach 230.1 billion USD, with domestic AI chips gaining competitiveness due to U.S. export restrictions [9] Group 2 - The AIGC (AI Generated Content) industry is expected to see significant growth, with applications in various sectors such as education, finance, and healthcare [10] - The low-altitude economy is projected to grow rapidly, with a market size expected to exceed 1 trillion yuan by 2026, supported by government policies and pilot projects [11] - Investment recommendations focus on three main lines: Xinchuang industry, AIGC sector, and low-altitude economy, with specific companies highlighted for potential growth [12] Group 3 - The report indicates that China's economic growth rate for November 2024 is estimated at 5.5%, with industrial production showing a strong recovery [16][17] - Fixed asset investment in November grew by 2.4%, with manufacturing and infrastructure investments remaining robust despite a slight slowdown [18] - Consumer retail sales in November increased by 3.0%, influenced by promotional events and seasonal factors, with expectations for a surge in December [19]