加速推进智能终端全面发展，强化模型算力数据三维能力

Investment Rating - The industry investment rating is "Buy" with expectations of outperforming the market by over 15% in the next six months [15]. Core Insights - The report emphasizes the acceleration of the development of smart terminals and the integration of artificial intelligence across various sectors, aiming for over 70% application penetration by 2027 and over 90% by 2030 [2][3]. - The report highlights the importance of enhancing foundational capabilities in models, computing power, and data to support the deep integration of "Artificial Intelligence+" [3][6]. - The focus on smart terminals as the final application of "Artificial Intelligence+" represents a significant commercial opportunity, particularly in sectors like smart robotics and connected vehicles [2][3]. Summary by Sections Industry Overview - The report discusses the government's initiative to implement "Artificial Intelligence+" across six key areas, with a goal of achieving a smart economy that significantly contributes to national growth by 2030 [2]. Investment Opportunities - The report identifies several companies as potential investment targets, including: - Telecom operators: China Mobile, China Telecom, China Unicom - Main equipment manufacturers: Inspur Information, Unisoc, StarNet - Optical modules and chips: NewEase, Huagong Technology - Data centers: Invech, Jialitu, Shunling Environment - PCB manufacturers: Xingsen Technology, Hudian Co., Shennand Circuit - Others in various sectors related to smart terminals and AI [7]. Market Trends - The report indicates a projected growth trajectory for the telecommunications sector, with a 12% increase expected in the coming months [4].