计算机行业跟踪周报：十五五规划说明中，为何没有重点提及人工智能？-20251112

Investment Rating - The report maintains an "Accumulate" rating for the computer industry, indicating a positive outlook for the sector in the near term [1]. Core Insights - The "14th Five-Year Plan" outlines a strategic three-tiered industry layout aimed at fostering economic growth and enhancing international competitiveness. This includes the establishment of emerging pillar industries, forward-looking future industries, and the optimization of traditional industries [7][8][9]. - Artificial intelligence (AI) is positioned as a foundational technology rather than a standalone competitive sector, emphasizing its role in empowering various industries and enhancing resilience in economic development [11][12][15]. - The report highlights the importance of integrating AI into traditional sectors such as manufacturing, healthcare, transportation, and finance, which are expected to benefit significantly from AI-driven innovations [18]. Summary by Sections 1. "14th Five-Year Plan" Overall Strategic Layout - The plan emphasizes a three-tiered approach to industry development, focusing on emerging pillar industries, future industries, and the optimization of traditional industries [7]. - Emerging pillar industries include new energy, new materials, aerospace, and low-altitude economy, which are seen as direct drivers of economic growth [8]. - Future industries such as quantum technology, bio-manufacturing, hydrogen energy, and brain-computer interfaces are identified as key areas for long-term investment and development [9]. 2. AI Positioning in the "14th Five-Year Plan" - The report notes a shift in the positioning of AI from a competitive focus to a more integrated role within various industries, highlighting its foundational nature [11][12]. - The strategy aims to avoid direct confrontation in the international arena, fostering a more collaborative environment for technological development [13][14]. 3. Strengthening Foundations and Empowering Industries with AI - The report stresses the need to enhance domestic industrial software capabilities and promote intelligent evolution in manufacturing [16]. - Incentives and subsidies are expected to stimulate demand for safe and reliable technologies, thereby driving innovation from the supply side [17]. - The integration of AI into key industries is projected to significantly improve efficiency and competitiveness, creating substantial economic and social value [18]. 4. Investment Recommendations - The report suggests focusing on three main areas within the AI sector: self-controlled chips, chip manufacturing, and AI+ applications in various industries [18]. - Specific companies to watch include: - Self-controlled chips: Cambricon-U, Haiguang Information - Chip manufacturing: SMIC, Hua Hong Semiconductor, Changdian Technology - AI+ industrial applications: Dongtu Technology, Nengke Technology, Zhongkong Technology, Zhongwang Software [18].