Zhejiang Dahua Technology (SZ:002236) Dong Jian Yan Bao·2025-03-06 01:19Investment Rating - The report does not explicitly state an investment rating for the computer equipment industry or the specific company being analyzed [1]. Core Insights - The company focuses on visual-centric multi-modal large model technology, which is increasingly being applied across various industries to drive innovation and digital transformation [21][22]. - The recent launch of an integrated large model machine combines multiple capabilities, including multi-modal content understanding and user behavior recognition, aimed at enhancing industry-specific applications [22]. - The company is actively developing its cloud business, which is seen as a critical growth area, with strong performance in both domestic and international markets [23]. Summary by Sections 1. Research Overview - The research was conducted on Dahua Technology, a company in the computer equipment sector, on February 28, 2025 [13]. 2. Participating Institutions - Various institutions participated in the research, including Ten Fund, Headwater, Alpines, Matthews Asia, and Minsheng Securities, among others [14][15]. 3. Institutional Representation - The representation of different types of institutions includes 54% from other categories, 15% from securities companies, and 8% from asset management companies [18]. 4. Key Content - The company has made significant advancements in its AI capabilities, focusing on a "1+2" AI capability system that integrates architecture, research, and engineering [21]. - The integrated large model machine is designed to support complex business processes and adapt to fragmented industry needs, promoting intelligent transformation across sectors like transportation, water conservancy, energy, and education [22]. - The company is enhancing its perception capabilities, particularly in video, and expanding into industrial applications for monitoring and safety [24].