其他通用机械行业动态点评：互联网巨头算力需求爆发，重视AIDC设备投资机会

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the industry [1]. Core Insights - The demand for computing power from internet giants is expected to surge, particularly with Tencent's integration of DeepSeek into WeChat, which has over 1.3 billion monthly active users. This is anticipated to drive significant growth in search capabilities and cloud demand [1]. - Alibaba's collaboration with Apple is set to accelerate capital expenditures in cloud computing, as Apple's ecosystem will generate substantial cloud computing needs. Alibaba Cloud has also upgraded its flagship model, further solidifying cloud demand [2]. - Cummins' Power System business reported a revenue increase of 22% year-on-year in Q4 2024, driven by data center applications and the mining market. The EBITDA margin improved to 18.0%, with expectations of continued growth in 2025 [3]. Summary by Sections Industry Dynamics - The global data center market is expanding due to the push from cloud computing, big data, and artificial intelligence. National policies are encouraging the development and innovation of the data center industry [4]. - The report highlights investment opportunities in the domestic supply chain related to core equipment, particularly in generator sets and liquid cooling equipment [4]. Market Performance - The report provides insights into the recent market performance of the other general machinery sector, indicating a positive trend [5].