计算机行业周报：信创：地缘环境再迎变局，产业发展有望加速

Investment Rating - The industry investment rating is maintained as "Recommended" [1] Core Viewpoints - The report emphasizes that financial pressure is gradually being released, suggesting an increase in positions for high-quality stocks in the prosperous sectors [5][7] - The report highlights the acceleration of domestic computing power development due to increased U.S. export controls, presenting opportunities in the domestic innovation industry chain [5][7] Summary by Sections Industry Weekly Viewpoints - Financial pressure is easing, and it is recommended to increase positions in high-quality stocks within prosperous sectors. As of the report date, 79 companies in the Shenwan computer sector have disclosed performance forecasts, accounting for 23.44% of the sector. The performance pressure for 2024 is expected to stabilize with increased policy support [5][7] Domestic Supply and Demand Dynamics - Internet giants are significantly increasing capital expenditures, with total capital expenditure reaching 86.721 billion yuan in the first three quarters of 2024, a year-on-year increase of 119.80%. The report notes that the domestic computing power deployment is accelerating, with major projects and procurement activities reported [15][17] - Domestic chip manufacturers are seeing increased performance, with companies like Haiguang Information and Cambrian expected to achieve substantial revenue growth in 2024 [18][21] Key Companies in the Innovation Industry - The report identifies key companies in the innovation industry, including chip manufacturers like Haiguang Information, Longxin Zhongke, and software companies like China Software and Kingsoft [21] Market Performance Review - The report notes that from January 12 to January 18, 2025, the computer index rose by 6.65%, outperforming the ChiNext index by 1.99 percentage points and the Shanghai Composite index by 4.34 percentage points, ranking first among all industries [22][23]