Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The industry is entering a golden development period for self-reliance and security, driven by top-level design and the trend of technological self-reliance [6][14] - The government is focusing on emerging pillar industries, including new energy, new materials, aerospace, and quantum technology, which are expected to create several trillion-yuan markets in the next decade [6][14] - The prospects for artificial intelligence are broad, with a focus on enhancing foundational research and key core technology breakthroughs [7][15] - There is an accelerated trend in the industry, particularly in quantum technology, with significant policy and capital support [8][16] Summary by Sections Market Review - During the week of October 20-24, 2025, the CSI 300 index rose by 3.24%, while the computer index increased by 3.58% [5][13] Weekly Viewpoint - The industry is experiencing a strong push towards self-reliance, with government initiatives aimed at fostering high-level technological independence and new economic growth points [6][14] Investment Recommendations - Recommended stocks in domestic software applications include Kingsoft Office, Dingjie Zhizhi, and others, which are expected to benefit from the industry trends [9][17] - Key recommendations in domestic computing power include Haiguang Information and Sugon Information, among others [9][17] - Quantum technology beneficiaries include Guodun Quantum and HeXin Instruments, reflecting the growing interest in this sector [9][17] Company Dynamics - Companies such as Guanglian Da have released their Q3 2025 reports, showcasing significant profit growth [18][19] - GQY Video announced a cash acquisition of 70% of Taiheng Optoelectronics for 17.5 million yuan [20] Industry News - Huawei launched the new HarmonyOS 6, enhancing user experience across devices [21] - OpenAI introduced the ChatGPT Atlas web browser, intensifying competition in the AI space [26]

Group 1 - The report reviews the past four "Five-Year Plan" market trends and summarizes the universal rules of important time nodes and style evolution, providing an outlook on future investment opportunities related to the "15th Five-Year Plan" [5][9]. - Historical important time nodes for the "Five-Year Plan" are generally divided into three phases: the Central Committee's Fifth Plenary Session in October, the full release of the "Suggestions" in late October or early November, and the release of the "Outline" in March of the following year [5][9]. - Market trading opportunities related to the "Five-Year Plan" are concentrated in three periods: approximately 29 trading days before the Fifth Plenary Session and public announcement, one month after the full release of the "Suggestions" (about 21 trading days), and one month after the release of the "Outline" (about 21 trading days) [5][12]. Group 2 - The most significant market trading of "Five-Year Plan" related opportunities occurs in the month following the release of the "Outline," with an average market increase of 7.02% during this period across three of the past four "Five-Year Plans" [5][12]. - Industries such as electric equipment, computers, national defense, and beauty care have performed relatively well during the trading periods related to the "Five-Year Plan" [5][12]. - Small-cap and growth styles have outperformed during the entire period, with significant advantages during the pre-Fifth Plenary Session and public announcement period, as well as the month following the full release of the "Suggestions" [5][12]. Group 3 - The report indicates that the trading duration for "Five-Year Plan" related themes is approximately one month, with an average increase of 9.1% across the past four "Five-Year Plans" [22]. - In 2015 and 2020, the market showed a tendency to trade around the "Five-Year Plan" related themes, with the computer and electric equipment sectors leading the market during these periods [22][21]. - The report highlights that the "Suggestions" for the "Five-Year Plan" have a relatively fixed structure, with a focus on previous phase task completion, economic situation analysis, guiding principles, and major development goals [27][30].