计算机行业周报：豆包大模型1.6发布，建议关注AI及信创产业链-20250615

Investment Rating - The report suggests a focus on the generative AI model leaders such as iFlytek, AI hardware companies like Yingzi Network and Hongsoft Technology, and AI-related applications that can enhance user engagement and payment rates, recommending attention to Kingsoft Office and Wanjing Technology [4] Core Insights - The AI industry chain is expected to maintain high prosperity, with computing power sustaining high levels and applications accelerating upward [3][12] - The current macroeconomic environment is characterized by relative chaos, with some high-frequency domestic data not appearing weak, while investor expectations for the future remain low [2][12] - The report anticipates that the second half of the year may yield better operational performance due to base effects, new technology/product launches, and policy implementations [2][12] Summary by Sections Current Week's Insights - On June 12, Volcano Engine released the Doubao model 1.6, achieving significant advancements in multimodal understanding and reasoning capabilities, supporting 256K context input [12] - OpenAI launched the new multimodal reasoning model o3-pro, which supports text and image input with a maximum context of 200k and output of 100k tokens, showing improvements in clarity and instruction adherence [12] Industry Prosperity by Segment - High prosperity maintained or increasing: AI industry chain (computing power high, applications accelerating), LiDAR, software outsourcing, and Huawei's supply chain [3][11] - Upward turning points with strong potential: education IT, cybersecurity, enterprise services [3][11] - Stability at the bottom: smart transportation, security, government IT, and construction real estate IT [3][11] - Slight pressure on prosperity: industrial software, medical IT [3][11] Investment Recommendations - Focus on leading generative AI model companies like iFlytek, AI hardware as new application carriers, and AI-related functionalities that can drive user engagement [4] - The report highlights the potential for AI applications to thrive as domestic internet giants continue to iterate their models and products [14] Market Performance Overview - From June 9 to June 13, 2025, the computer industry index (Shenwan) fell by 2.52%, underperforming the CSI 300 index by 2.27 percentage points [17] - The report notes that the average daily trading volume in A-shares increased by 105.9% year-on-year, indicating heightened market activity [22] Upcoming Key Events - Anticipated events include the Huawei Developer Conference and the Shenzhen International Consumer Electronics Exhibition, which may present opportunities in related supply chains [27]