计算机行业双周报（2026/1/2-2026/1/15）：千问全面接入阿里生态业务，具备从消费决策到交易完成的全链路能力-20260116

Investment Rating - The report maintains an "Overweight" rating for the computer industry, expecting the industry index to outperform the market index by more than 10% in the next six months [31] Core Insights - The computer industry index has increased by 15.20% over the past two weeks, outperforming the CSI 300 index by 12.58 percentage points, ranking second among 31 first-level industries [2][10] - The SW computer sector's PE TTM (excluding negative values) is 62.71 times, which is at the 99.62nd percentile for the past five years and the 95.80th percentile for the past ten years [20] - The launch of the Qianwen App by Alibaba, which integrates with various Alibaba ecosystem services, marks a significant advancement in AI shopping capabilities, potentially transforming the industry landscape [28] Industry Performance Review - The SW computer sector has shown strong performance, with notable companies like Zhuoyi Information, Yanshan Technology, and Tongda Hai leading the gains with increases of 71.35%, 67.42%, and 64.15% respectively [16] - Conversely, companies such as Rongke Technology, *ST Lifan, and Haixia Innovation have experienced significant declines, with drops of 29.68%, 18.63%, and 13.37% respectively [17] Valuation Situation - As of January 15, 2026, the SW computer sector's PE TTM stands at 62.71 times, indicating a high valuation relative to historical standards [20] Industry News - The Qianwen App's integration with Alibaba's ecosystem allows for AI-driven shopping functionalities, which could lead to a shift in consumer behavior and competitive dynamics in the industry [22] - OpenAI's acquisition of the healthcare startup Torch for approximately $100 million highlights the growing intersection of AI and healthcare, with significant market potential [22] - The Ministry of Industry and Information Technology has issued guidelines for the "AI + Manufacturing" initiative, aiming to promote the application of large models in the manufacturing sector by 2027 [22] Company Announcements - DaoTong Technology expects a net profit of 900 million to 930 million yuan for 2025, reflecting a growth of 40.42% to 45.10% year-on-year, driven by AI integration [25] - Yonyou Network anticipates a net loss of 1.3 to 1.39 billion yuan for 2025, although it expects to turn a profit in the fourth quarter [25] Weekly Perspective - The report emphasizes the importance of monitoring the AI commercialization progress of leading internet companies like Alibaba and suggests focusing on strategic partnerships and companies benefiting from the demand for AI computing power [28]