“人工智能+”行动意见发布，关注AI应用以及Agent投资机会

Investment Rating - The industry rating is "Outperform the Market" [6] Core Insights - The report highlights the significant push for AI applications in various sectors, with a goal for AI integration in six key areas by 2027 and 2030, aiming for over 70% and 90% penetration of new intelligent terminals and agents respectively [2][3] - The policy document is seen as a major driver for a new wave of industrial transformation, similar to the "Internet Plus" initiative in 2015, which is expected to accelerate the adoption of AI applications, particularly among small and medium-sized enterprises (SMEs) [3] - The report emphasizes the commercial viability of AI, noting that leading companies have begun to realize AI revenue in their financial statements, indicating a rapid acceleration in the commercialization of AI applications and agents [4] Summary by Sections AI Application and Investment Opportunities - The report suggests focusing on companies like Kuaishou, which reported AI revenue exceeding 250 million yuan in Q2 2025, and has a target to double its annual revenue [4] - It also highlights MaiFushi, which saw a 78% year-on-year increase in net profit due to AI empowerment, with AI revenue reaching 110 million yuan, accounting for over 20% of its AI+SaaS business [4] - Additionally, it mentions JiaoDian Technology, which has over 13,000 AI membership purchases, indicating strong growth potential in B2B AI applications [4] Related Companies - The report identifies several companies across various sectors that are leveraging AI, including: - AI + Marketing: MaiFushi, BlueFocus, HuiLiang Technology - AI + Gaming: Giant Network, Kaiying Network, ShengTian Network - AI + E-commerce: JiaoDian Technology, ZhiDeMai - AI + Social: ZhiZiCheng Technology, ShengTian Network - AI + Education: FenBi - AI + Short Drama: ZhongWen Online - AI + Video: Kuaishou, Bilibili - Cloud Computing: Tencent Holdings, Alibaba Group, Baidu Group [5]