计算机行业2025年4月研究观点：利好政策叠加技术进步，AI发展仍有望持续加速-2025-03-30

Investment Rating - The investment rating for the industry is "Outperform the Market" and is maintained [2] Core Viewpoints - The computer industry is expected to continue accelerating its development due to favorable policies and technological advancements, particularly in AI [5] - The Shanghai government aims for the intelligent computing cloud industry to exceed 200 billion by 2027, with a focus on building a comprehensive ecosystem [5] - The State-owned Assets Supervision and Administration Commission emphasizes the acceleration of AI development in central enterprises, highlighting the importance of application leadership and data empowerment [5] Summary by Sections Industry Performance Review - From March 3 to March 28, 2025, the computer index fell from 6600 to 6235, a decrease of 5.53%, while the Shanghai Composite Index rose from 3321 to 3351, an increase of 0.92% [5] Policy Developments - The Shanghai Municipal Economic and Information Commission has set a target for the intelligent computing cloud industry to reach 200 billion by 2027, with a focus on building collaborative ecosystems and enhancing computing power [5] - The government encourages collaboration between leading enterprises in key sectors and intelligent computing cloud companies to reduce costs and implement over 100 industry-specific cases [5] Technological Advancements - DeepSeek V3 has completed a minor version upgrade, enhancing capabilities in reasoning, development, Chinese writing, and search [5][7][8] - The AI technology landscape remains stable, with ongoing improvements expected in the context of supportive policies and technological progress [5] Companies to Watch - Recommended companies for April include Kingsoft Office, Rainbow Soft Technology, Runze Technology, Rui Ming Technology, Tongxingbao, Newland, Saiyi Information, and Hongquan IoT [5]