中新网重庆新闻5月19日电(记者 刘贤)2025全国大学生计算机系统能力大赛17日在重庆正式启动。作为 赛道之一，第六届"先导杯"智能计算创新设计赛的赛题紧扣当下DeepSeek国产大模型等技术热点，竞赛 支持环境也采用国产AI算力平台，让广大参赛选手能全面了解、掌握国产尖端硬件的特性与能力。 图为2025全国大学生计 算机系统能力大赛正式启动。大赛组委会供图 "先导杯"赛事旨在突破计算机软件环境与学科应用等瓶颈，推动国产AI软硬件普及，培育高水平技术交 叉型人才。自2020年3月创办以来，"先导杯"已累计吸引超5000名选手、3000支队伍参赛。 第六届"先导杯"由系统能力培养研究专家组发起，全国高校计算机教育研究会主办，中科曙光与中国科 学技术大学联合承办。 比赛环境上，中科曙光为广大选手提供基于国产GPU加速卡所构建的计算平台。平台具备广泛的软硬件 生态适配能力，使参赛选手无论面对通用计算、科学计算，还是大规模AI模型训练推理等多元场景， 都能获得高效算力支撑。 中科曙光智能计算首席科学家吉青介绍，本届"先导杯"成立了技术委员会和评审委员会，专家组成员覆 盖老中青，以及不同特点的高校，让更多年轻人有机会 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [12]. Core Insights - The company has reached an inflection point in performance, with high-end copper-clad laminates (CCL) driving revenue growth. In 2024, the company achieved a revenue of 3.362 billion yuan, a year-on-year increase of 12.70%. The CCL business generated 2.603 billion yuan in revenue, up 11.82%, with a gross margin of 3.07%, an increase of 4.32 percentage points [4][5]. - The first quarter of 2025 saw a significant revenue increase of 45.04% year-on-year, reaching 952 million yuan, with a net profit of 21 million yuan, reflecting a 109.04% increase year-on-year, primarily due to product structure optimization and improved gross margins [4][5]. Summary by Sections Market Performance - The company has shown strong market performance, with a current stock price of 37.04 yuan and a total market capitalization of 8.8 billion yuan. The stock has traded within a 52-week range of 16.68 to 40.29 yuan [1]. Business Developments - The U.S. government's restrictions on AI chip exports, including NVIDIA's H20, present opportunities for domestic AI chip manufacturers, enhancing the company's CCL business performance [6]. - The domestic AI chip Ascend 910C is positioned to compete with global leaders, with a transistor count of 53 billion and a half-precision (FP16) computing power exceeding 800 TFLOPS, achieving 60-80% of NVIDIA's H100 performance [7]. Industry Positioning - The company is a key player in the domestic AI computing power supply chain, focusing on CCL and prepreg products, which are essential for printed circuit board manufacturing [10]. - The company has established long-term partnerships with leading PCB manufacturers and maintains close technical collaborations with major clients in the industry [9]. Financial Forecast - Revenue projections for 2025-2027 are 4.740 billion, 5.996 billion, and 7.555 billion yuan, respectively, with corresponding EPS of 0.89, 2.06, and 3.42 yuan. The current stock price corresponds to PE ratios of 41.6, 18.0, and 10.8 times for the respective years [12][14].