行业周报：把握MCP的投资机遇-20250420

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the increasing adoption of the MCP protocol by major tech giants in China and the US, which is expected to accelerate the deployment of AI Agent scenarios [4][12] - The demand for AI computing power remains strong, with TSMC reporting a net profit of 361.6 billion TWD in Q1 2025, a year-on-year increase of 60.3%, and expectations of a doubling of AI-related revenue in 2025 [6][14] - The MCP protocol is anticipated to significantly enhance the efficiency of AI Agent configurations with external tools, facilitating the expansion of AI applications [5][13] Summary by Sections Market Review - During the week of April 14-18, 2025, the CSI 300 index rose by 0.59%, while the computer index fell by 0.84% [3][11] Investment Opportunities - The report recommends focusing on companies benefiting from the rise of the AI Agent industry, including Kingsoft Office, iFlytek, and others, as well as companies in the computing power sector like Sugon and Inspur [7][15] Company Dynamics - TSMC's Q1 2025 net profit and revenue growth indicate a robust demand for AI computing power, validating the industry's positive outlook [6][14] - The report also mentions various companies' performance, including Hikvision, which reported a net profit of 11.977 billion CNY in 2024, reflecting a decline of 15.10% [17] Industry News - Major developments include OpenAI's release of new models and the collaboration between WeChat Pay and Stripe to enhance international payment capabilities [20][25]