近日，"人工智能+"行动迎来重要进展。国务院印发的《关于深入实施"人工智能+"行动的意见》（以下 简称《意见》）提出，推动智能终端"万物智联"，培育智能产品生态，大力发展智能网联汽车、人工智 能手机和电脑、智能机器人、智能家居、智能穿戴等新一代智能终端，打造一体化全场景覆盖的智能交 互环境。 "此次《意见》的出台，让我国新一代智能终端的发展有了顶层设计和落地方向，推动我国智能终端产 业加速从'功能互联'迈向'自主智能'的新阶段。人工智能手机和电脑作为智能终端的核心载体，将加速 AI技术在消费、工业、医疗等领域的应用，推动智能经济核心产业规模的快速增长。"中国人工智能学 会理事汪镭对《证券日报》记者表示。 政策东风催生AI终端新赛道 今年以来，我国对人工智能新终端和新业态的重视程度提升至新高度。"人工智能手机和电脑"亦多次出 现在我国围绕人工智能部署的相关政策中。 2025年《政府工作报告》首次提出"人工智能手机和电脑"。在业内人士看来，这意味着我国"人工智能 +"战略在终端层面的全面落地，将通过数字技术赋能制造业，培育经济增长新动能。 今年5月份，国家数据局综合司印发的《数字中国建设2025年行动方案》提出， ...

2015年，中国全面启动实施"互联网+"行动。十年来，中国互联网取得快速发展，人工智能正从"辅助工 具"跃升为驱动社会变革的核心引擎。从"互联网+"到"人工智能+"，是信息技术革命的进一步延续和深 化。 当前A股市场"科技叙事"逻辑的强化，是多重因素共同作用的结果。方正富邦基金经理李朝昱表示： 8月27日，大盘持续走强，A股三大主要指数飘红，截至截稿，创业板指拉升涨逾2%，沪指涨0.08%， 深成指涨1.08%。AI应用、消费电子、CPO等方向涨幅居前，沪深京三市上涨个股近2600只。 消息面上，8月26日，国务院发布关于深入实施"人工智能+"行动的意见。具体包括三阶段发展目标： 1)到2027年，率先实现人工智能与6大重点领域广泛深度融合，新一代智能终端、智能体等应用普及率 超70%； 2)到2030年，新一代智能终端、智能体等应用普及率超90%； 3)到2035年，我国全面步入智能经济和智能社会发展新阶段。 首先，最重要的因素还是近些年以AI大模型为基础的科技产业迎来了革命性的爆发，这一重大技术进 步对于人类社会有着深远的影响。从2022年至今短短3年时间，AI大模型已经逐步融入到我们的生活 中，从数据上 ...

行 业 报 告 行业点评 国务院印发"人工智能+"行动意见，我国AI产业未来将加速 发展 强于大市( 维持) 行情走势图 证券分析师 杨钟 投资咨询资格编号 S1060525080001 yangzhong035@pingan.com.cn 闫磊 投资咨询资格编号 S1060517070006 YANLEI511@pingan.com.cn 徐碧云 投资咨询资格编号 S1060523070002 XUBIYUN372@pingan.com.cn 陈福栋 投资咨询资格编号 S1060524100001 CHENFUDONG847@pingan.com.cn 王佳一 投资咨询资格编号 S1060525070001 WANGJIAYI446@pingan.com.cn 2025年08月27日 事项： 2025年8月26日，国务院印发《关于深入实施"人工智能+"行动的意见》。 平安观点： 电子 行 业 点 评 研 究 报 告 通过本地化数据处理实现低延迟、高隐私与强交互体验，已从单一语音 助手拓展至多模态全场景。高通在《AI变革正在推动终端侧推理创新》 中也指出，DeepSeek R1的推出标志着推理向端侧迁移，AI ...

文字早评 2025/08/27 星期三 消息面： 1、国务院发布深入实施"人工智能+"行动的意见，到 2027 年新一代智能终端、智能体等应用普及率 超 70%；强化智能算力统筹；推动智能终端"万物智联"，大力发展智能网联汽车、人工智能手机和电 脑、智能机器人、智能家居、智能穿戴等新一代智能终端； 2、今年 7 月货币基金规模增长超 3800 亿元，股票基金规模增长超 1900 亿元，混合基金规模增长超 1300 亿元，而债券基金规模下降超 460 亿元; 3、寒武纪：2025 年上半年实现营业收入 28.81 亿元，同比增长 4347.82%；实现净利润 10.38 亿元，同 比扭亏； 4、美国 7 月耐用品订单环比下降 2.8%，预期下降 4%，前值下降 9.4%。 期指基差比例： IF 当月/下月/当季/隔季：-0.08%/-0.25%/-0.54%/-0.97%； IC 当月/下月/当季/隔季：-0.68%/-1.19%/-2.51%/-4.33%； IM 当月/下月/当季/隔季：-0.82%/-1.52%/-2.96%/-5.08%； IH 当月/下月/当季/隔季：0.03%/0.07%/0.12% ...

人民财讯8月26日电，国务院印发《关于深入实施"人工智能+"行动的意见》，其中提出，培育产品消费 新业态。推动智能终端"万物智联"，培育智能产品生态，大力发展智能网联汽车、人工智能手机和电 脑、智能机器人、智能家居、智能穿戴等新一代智能终端，打造一体化全场景覆盖的智能交互环境。加 快人工智能与元宇宙、低空飞行、增材制造、脑机接口等技术融合和产品创新，探索智能产品新形态。 ...

Group 1 - The core viewpoint is that the "trade-in" policy has significantly boosted consumer spending, with a total sales volume of 2.9 trillion yuan and approximately 400 million people benefiting from subsidies in the first half of the year [1][4]. - The summer season is identified as a peak sales period for home appliances and electronic products, with the third batch of trade-in funds expected to further stimulate consumption [1][4]. - Over 66 million consumers have purchased products from 12 major categories under the trade-in program, resulting in over 1.09 billion units sold [3]. Group 2 - Retail sales of home appliances and audio-visual equipment have seen a year-on-year increase of 30.7%, while cultural and office supplies retail sales grew by 25.4% [4]. - The retail sales of communication equipment increased by 24.1%, and furniture retail sales rose by 22.9%, indicating a strong consumer market [4]. - The retail volume of passenger cars increased by 10.8%, reflecting a positive trend in the automotive sector [4]. Group 3 - Since the issuance of the notice on enhancing the trade-in program in August last year, retail sales of home appliances have consistently maintained double-digit growth [6]. - Smart products such as AI smartphones, robotic vacuum cleaners, and smart locks have become more prevalent in households, enhancing consumer convenience and efficiency [6]. Group 4 - The penetration rate of new energy vehicles is projected to reach 50.2% by 2024, with the number of new energy vehicles increasing 5.4 times compared to 2020 [8]. - The recycling of resources has improved, with 1.955 million scrapped vehicles recovered nationwide, marking a 58.6% increase [8]. - The dismantling of old home appliances by enterprises under the supply and marketing cooperative reached 4.825 million units, also showing a 58% growth [8]. Group 5 - The express delivery industry has effectively supported the trade-in program, contributing to an 8.5% year-on-year growth in online retail sales in the first half of the year [9]. - A notable milestone was achieved when a trade-in home air conditioner became the 1 billionth express delivery item in 2025, reaching this target 35 days ahead of schedule compared to the previous year [9].

Group 1 - The core viewpoint of the articles highlights the significant impact of the "old-for-new" consumption policy, which has expanded its coverage to include various consumer electronics and appliances, resulting in substantial consumer benefits and increased sales [3][4]. - Over 66 million consumers have participated in the "old-for-new" program, purchasing more than 109 million units of 12 categories of home appliances, and over 69 million consumers have bought more than 74 million digital products [3]. - The sales revenue driven by the "old-for-new" policy reached 2.9 trillion yuan, benefiting approximately 400 million people with subsidy discounts [3]. Group 2 - The policy has optimized consumption structure by promoting the adoption of smart products, enhancing convenience and efficiency in consumers' lives [4]. - The penetration rate of new energy vehicles reached 50.2% in the first half of the year, reflecting a significant increase in the adoption of environmentally friendly consumption methods [4]. - The recycling of resources has improved, with 195.5 million scrapped vehicles recovered in the first quarter, marking a 58.6% increase [4]. Group 3 - The Ministry of Commerce plans to organize more "old-for-new" promotional activities to further enhance the effectiveness of the consumption policy [5].

央视网消息：7月18日，国务院新闻办公室举行发布会，介绍2025年上半年工业和信息化发展情况。工信部有关负责人表示， 今年上半年我国工业和信息化经济运行平稳，主要经济指标总量和增速稳步提升，发展呈现"向稳、向新、向优"的特点。 今年上半年，我国规上工业增加值同比增长6.4%，在一季度良好开局的基础上展现出较强韧性，制造业增加值占GDP比重达 到25.7%，基本保持稳定。 工信部相关负责人介绍，当前以5G、人工智能大模型等为代表的数字技术正迅速发展，人工智能赋能作用持续加强。 工业和信息化部总工程师 谢少锋：我国培育并开源的人工智能大模型，加快在电子、原材料、消费品等行业应用，形成一批 新模式新业态。人工智能手机、电脑、眼镜等人工智能终端已超百款，成为拉动经济发展的新增长点。 上半年全国31个省份规上工业增加值全部实现同比增长 当前工业大省"挑大梁"作用突出，31个省份规模以上工业增加值保持增长，并全部实现了同比增长。下一步将继续筑牢工业经 济基本盘。 工业和信息化部总工程师 谢少锋：实施新一轮钢铁、有色金属、石化、建材等十大重点行业稳增长工作方案，推动重点行业 着力调结构、优供给、淘汰落后产能，具体工作方案将 ...

Core Views - The report indicates a short-term caution against index fluctuations or declines, but maintains a medium-term upward trend in the market [2][5][9] - Investors are advised to adopt a strategy of buying on dips while being alert to changes in market rhythm [4][10] Market Overview - On Tuesday, the market showed signs of consolidation, with the Shanghai Composite Index experiencing a drop while the ChiNext Index rose significantly, driven by a few leading stocks in the AI and optical communication sectors [3][6][9] - The report notes that the recent market performance reflects a structural shift rather than a complete transition to growth stocks, as the rise in the ChiNext is largely supported by a small number of stocks [3][10] Investment Strategies - The report suggests three main investment lines: 1. Stocks with better-than-expected mid-year performance forecasts, focusing on those with improving earnings expectations [4][10] 2. Technology sectors including robotics, AI, semiconductors, and digital economy, with a caution to avoid overvalued stocks lacking fundamental support [4][10] 3. Stocks that have experienced significant declines, particularly in the new energy and brokerage sectors, which may present buying opportunities on pullbacks [4][10] Sector Highlights - The AI sector is highlighted as a leading investment theme, with significant growth expected in AI applications and hardware, driven by advancements in computing power and the proliferation of AI models [7][8] - The optical communication module sector is also noted for its potential high growth in the second half of 2025, supported by AI computing needs and data center upgrades [8]

5月28日，由北京商报社、《中外企业文化》杂志社主办的"2025深蓝媒体智库年度论坛"在北京国际饭店开幕。主论坛上，清华大学互联网产业研究院院长 朱岩以"数据与AI驱动的消费范式变革"为题，分享了一系列极具前瞻性的观点，深刻剖析了AI与数据浪潮下消费领域的变革与未来。 朱岩指出，当下经济正经历巨大转变，数据成为转变的"原料"，AI则是"发动机"与"工具"，二者驱动各领域消费方式发生范式级变革。以媒体消费为例，其 创新已超越传统融媒体形式。随着DeepSeek等大模型的出现，更引发人们对消费基本范式改变的深入思考。 朱岩表示，释放数字空间需求的关键在于国家对数据要素的激活与统一大市场建设。可信数据空间建设尤为重要，它能确保数据真实可信，充分开发公共数 据、企业数据等价值，推动数据消费新模式的形成，重新定义产品、劳动、企业和产业链。未来企业形态也将改变，"单人企业"借助智能代理成为发展方 向。 朱岩以清华大学为例，进一步解释在科学研究领域AI带来的革命性变化。不过，在肯定AI带来的突破性变革的同时，他也指出，当下人工智能工具仍存在 不足，需要进一步发展完善。 展望未来消费方向，朱岩结合政府工作报告内容分析称，传统 ...