Minsheng Securities·2025-10-12 08:10Investment Rating - The report maintains a "Cautious Recommendation" rating for the industry [6] Core Insights - The recent policy document issued by the Central Cyberspace Administration and the National Development and Reform Commission provides strong guidance for the AI+ government sector, outlining 13 application scenarios and emphasizing funding support and innovative business models [4][21] - The AI+ government industry is expected to thrive with several leading companies launching new products and applications, such as the AI billing system by Boshi Software and the AI government service assistant by New Point Software [13][21] - The release of DeepSeek V3.2 and its adaptation by domestic chip manufacturers like Cambricon and Ascend signifies a closed loop in domestic AI capabilities, integrating computing power, models, and applications [4][21] Summary by Sections Market Review - During the week of October 9-10, the CSI 300 index fell by 0.51%, the SME index decreased by 1.03%, and the ChiNext index dropped by 3.86%. The computer sector (CITIC) declined by 2.04% [31] Industry News - AMD and OpenAI have entered a four-year chip collaboration, leading to a significant stock price increase for AMD [23] - The Ministry of Industry and Information Technology and six other departments released a plan to promote the integration of "5G + industrial internet" with AI [27] Company News - Soran Technology announced plans to acquire a 55% stake in Kunyu Lancheng Technology for 74.25 million yuan, with a valuation of 135 million yuan for the target company [29] - ST Guohua disclosed significant litigation progress, with a court ruling in its favor regarding a case involving shares and cash [30] Weekly Insights - The AI+ government sector is poised for growth due to robust policy support and the emergence of innovative applications. Key companies to watch include iFLYTEK, Deepin Technology, and Boshi Software [4][21] - The domestic computing power industry is also highlighted, with companies like Cambricon and Inspur being key players [22]