行业周报：重视计算机的3个投资方向-20250824

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The report emphasizes three key investment directions in the computer industry, particularly focusing on AI computing power and application prospects following the release of DeepSeek-V3.1, which features a hybrid reasoning architecture and enhanced agent capabilities [6][15] - The report highlights the significant growth in the computer index, which increased by 7.93% during the week of August 18-22, 2025, compared to a 4.18% rise in the CSI 300 index [5][14] Summary by Sections Weekly Viewpoint - The report stresses the importance of three investment directions in the computer sector, particularly in AI applications and computing power [6][14] - The release of DeepSeek-V3.1 is noted for its potential to enhance the performance of large models and adapt to domestic computing power, which is expected to accelerate the growth of the domestic AI ecosystem [6][15] Company Dynamics - Several companies, including Deepin Technology, have released their mid-year reports for 2025, showcasing significant profit growth [20] - The report includes a table of companies with their net profits and growth rates, highlighting substantial increases for companies like Digital Vision and Qianfang Technology [21] Industry News - The report mentions significant developments such as the implementation of the Hong Kong Stablecoin Regulation, which is expected to foster innovation in the capital market [16] - It also notes the rapid adoption of the Harmony 5 system by Huawei, with over 10 million terminals and significant app adaptations by major companies like Tencent [17] Investment Recommendations - The report recommends focusing on AI industry trends driven by policy and technology, suggesting specific companies such as Kingsoft Office, iFlytek, and others as beneficiaries [9][18] - In the computing power sector, companies like Haiguang Information and Sugon are highlighted, along with beneficiaries including Cambrian and Unigroup [9][18]