Nvidia(US:NVDA) Guoyuan Securities·2025-09-01 04:41Investment Rating - The report maintains a "Recommended" investment rating for the computer industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [6]. Core Insights - The computer industry index rose by 1.34% during the week of August 25-29, 2025, continuing the upward trend from the previous two weeks. The Shanghai Composite Index increased by 0.84%, the Shenzhen Component Index by 4.36%, and the ChiNext Index by 7.74% [1][11]. - The State Council released an opinion on the "Artificial Intelligence+" initiative, aiming for deep integration of AI with six key sectors by 2027. The initiative emphasizes enhancing foundational capabilities in models, data supply innovation, and talent cultivation, with a goal for AI to significantly contribute to high-quality development by 2030 [3][21]. - The AI industry has entered a practical application phase, and the recent government actions are expected to accelerate the integration of AI into various industries, providing new momentum for economic growth. Investors are advised to focus on companies with the capability to implement AI applications effectively [4][22]. Summary by Sections Market Review - The computer industry index increased by 1.34% during the week, with notable performances in sub-sectors: Computer Equipment (0.03%), IT Services II (2.91%), and Software Development (0.86%) [1][11][13]. Key Announcements - Key financial results from several companies were reported, including: - Nengke Technology: Revenue of 738 million yuan, up 4.91%, and net profit of 111 million yuan, up 18.75% [2]. - Hailanxin: Revenue of 487 million yuan, up 208.66%, and net profit of 34 million yuan, up 172.44% [2]. - Tiandi Digital: Revenue of 431 million yuan, up 19.58%, and net profit of 63 million yuan, up 32.37% [2][20]. Investment Perspective - The report highlights the significant upward trend in the computer industry index, with a clear indication of profitability. The government's focus on AI integration is expected to enhance the performance of companies capable of leveraging AI technologies [3][21][22].