Haitong Securities International·2025-05-06 12:22Investment Rating - The report rates the industry as "Outperform" [1] Core Insights - The release of Alibaba's Qwen3 confirms that leading AI companies in China are at the forefront of global technology, with open-source models expected to significantly boost the AI industry [2][9] - Qwen3 achieved a new high in the BFCL evaluation, indicating strong support for the upcoming AI Agent era [2][12] - The report maintains a positive outlook on the computer sector and suggests monitoring specific companies such as Guangzhou Sie Consulting, ArcSoft Corporation, Hygon Information Technology Co., Ltd., and others [2][9] Summary by Sections Qwen3 Model Performance - Alibaba launched Qwen3, the world's strongest open-source model, with the flagship model Qwen3-235B-A22B surpassing top competitors like DeepSeek-R1 and OpenAI's models [10][12] - Qwen3's dataset has expanded to approximately 36 trillion tokens, nearly double that of its predecessor Qwen2.5, covering 119 languages [11] - Qwen3 supports two thinking modes: a thoughtful mode for complex problems and a quick mode for simpler queries, enhancing its operational efficiency [11] Agent Capabilities - Qwen3 excels in the Agent domain, achieving a score of 70.8 in the BFCL evaluation, surpassing other leading models [12] - The introduction of Qwen-Agent simplifies the integration of tools, enhancing the model's capabilities in real-world applications [12] Investment Recommendations - The report highlights several companies to watch, including 合合信息 (Hehe Information), 赛意信息 (Saiyi Information), 鼎捷数智 (Dingjie Smart), and others, with detailed earnings forecasts provided [6][9]