中国式现代化要靠科技现代化作支撑。"十五五"规划建议提出，全面增强自主创新能力。这不仅是实现 高水平科技自立自强、建成科技强国的必经之路，也是面向广大企业发出的时代召唤。 自主创新是企业的生命，是企业穿越经济周期、爬坡过坎、发展壮大的根本。原生鸿蒙成为全球第三大 移动操作系统，宁德时代在动力电池领域展现出强劲的竞争力，DeepSeek和人形机器人惊艳世界…… 这些鲜活的案例告诉我们：关键核心技术是要不来、买不来、讨不来的。那些满足于技术引进、沉溺于 模仿的企业，或许会赢在一时，却很难在激烈的市场竞争中行稳致远。只有矢志不移自主创新，并将关 键核心技术牢牢掌握在自己手中，企业才能在快速迭代的市场中赢得尊严，在全球产业链重构中占据主 动。 回望"十四五"，高新技术企业数量突破50万家，全社会研发投入中企业占比超过77%，企业牵头和参与 的重点研发计划项目占比近80%……一连串数据，展现了我国企业自主创新的铿锵步履。欣喜于成绩的 同时也要看到，与主要创新型国家相比、同建设科技强国的目标相比，我们的企业还存在不少短板弱 项，企业科技创新主体地位有待进一步巩固提升。 当前，世界百年变局加速演进，科技创新不仅是应对风险挑 ...

构建更具全球竞争力的开放创新生态，提升源头创新供给能力，推动科技创新与产业创新互促双 强……"十四五"期间，广东坚持抢先一步、谋深一层，加快建设科技创新强省。 广东科创成绩单 ·"深圳—香港—广州"创新集群创新指数跃居全球第一 ·全省研发经费投入突破5100亿元，继续领跑全国 ·培育形成9个万亿级的产业集群，人工智能核心产业规模超2200亿元、约占全国1/3，数字经济规模居 全国首位 ·高价值发明专利拥有量以及高新技术企业数量均稳居全国第一 11月9日晚，熊熊燃烧的第十五届全国运动会圣火把广东奥林匹克中心的天空映照得一片辉煌。而点燃 这次全运圣火的"源火"，采自南海1522米深处，并通过引燃可燃冰的方式获取。这次深海取火、 燃"冰"成炬，既集中体现了我国深海科技实力，也是广东科技创新的生动写照。 突破可燃冰开采核心技术、研发我国首台国产商业场发射透视电镜、建成江门中微子实验大科学装 置……"十四五"规划以来，广东前沿成果绽放，创新活力涌动。广东加快建设粤港澳大湾区国际科技创 新中心，粤港澳三地创新要素加速流动。全省区域创新综合能力连续9年居全国第一，"深圳—香港—广 州"科技集群跃居全球创新指数第一位。全省研 ...

（原标题："世界工厂"里的实验室：在"死亡谷"上架起铁索桥） 南方财经记者程浩 东莞报道 走进位于东莞的松山湖材料实验室，悬挂在走廊上一条标语格外显眼：在科技成果向产业化转移的"死亡谷"上架起一座铁索桥。走廊外，我国首 个玻璃通孔（TGV）技术中试产线正在运行，这项达到国际领先水平的技术，很快将改变一个产业。 随着产业升级与技术创新步入深水区，在材料、芯片以及AI、量子计算、智能算法等诸多领域，基础科研对产业创新发展的支撑作用愈发凸显。 长期以来，基础科研是广东发展的短板。数据显示，2019年广东的基础研究经费占R&D经费总量比重约为4.3%，远低于北京的14.7%。面对原始 创新不足的短板，近年来广东瞄准新一轮创新驱动发展的需求，分批启动建设省实验室，着力打造国家实验室的"预备队""种子队"，以此解决原 始创新薄弱的问题。 自2017年广东启动建设首批4家省实验室以来，广东加速构建"大科学装置、实验室、大学-研发机构-创新企业"的科技创新体系，一批高水平的实 验室加快涌现。这些实验室涉及网络通信、人口与健康、先进制造、材料科学、海洋科学、精细化工、生物医药、农业科学、先进能源、人工智 能与数字经济等领域。 ...

Group 1 - The U.S. has provided $21.7 billion in military aid to Israel over the past two years amid the ongoing Israel-Palestine conflict, highlighting the importance of U.S. weapons in Israeli military operations [2] - The Palestinian group Hamas is negotiating a ceasefire with Israel in Egypt, demanding an end to the occupation of Gaza and linking the release of Israeli captives to Israel's withdrawal [2] - The global stock markets experienced a rally during the recent holiday period, with major indices showing positive performance, particularly in Japan and South Korea, where the Nikkei 225 index rose by 6.24% [4] Group 2 - The tourism industry in China saw a significant increase in long-distance travel during the recent "Golden Week," with domestic long-distance travel orders rising by 3 percentage points compared to last year, and average spending per trip increasing by 14.6% [3] - The prevalence of hypertension among Chinese adults has risen to 31.6% in 2021-2022, an increase of 8.4% from 2012-2015, with obesity and sleep quality identified as contributing factors [3] - China's advanced manufacturing sector is experiencing rapid growth, with a 10.2% increase in the value added of large-scale equipment manufacturing in the first half of the year, as part of the country's push for modernization and innovation [4]

Group 1 - China's new energy vehicle production and sales rank first in the world, and the native Hongmeng operating system has become the third largest mobile operating system globally [1] - The number of "lighthouse factories" in China ranks first globally, showcasing the country's advancements in technology and industry innovation [1] - The strong investment in R&D and the growth of innovation platforms highlight the increasing role of enterprises in technological innovation and the transformation of research outcomes into industrial applications [1] Group 2 - The third-generation autonomous superconducting quantum computer "Benyuan Wukong" has completed 500,000 computing tasks for 143 countries and regions within just over a year, breaking foreign monopolies in high-density microwave interconnection module technology [2] - Over the past five years, China has improved the institutional arrangements for enterprises as the main body of technological innovation, with over 77% of R&D investment coming from enterprises [2][5] - The number of high-tech enterprises in China exceeds 500,000, and the number of invention patent applications from industrial enterprises has increased from 907,000 at the end of the 13th Five-Year Plan to 1,244,000 in 2024 [2] Group 3 - Enterprises are increasingly becoming the main force in the transformation and application of scientific and technological achievements, with a multi-layered technology transaction network being formed [5][6] - The total transaction amount of technology contracts in China has risen from 2.8 trillion yuan in 2020 to 6.8 trillion yuan in 2024, with the industrialization rate of invention patents increasing from 44.9% to 53.3% during the same period [5] Group 4 - Small and medium-sized enterprises (SMEs) have become a backbone in the innovation landscape, with over 400,000 new SMEs added annually since the 14th Five-Year Plan, and more than 10,000 specialized and innovative SMEs established [7] - The average annual growth rate of the added value of industrial SMEs has reached 6.4%, indicating a robust contribution to the economy [7] Group 5 - As China stands at the historical intersection of the 14th and 15th Five-Year Plans, enterprises are reaching new heights in innovation, contributing significantly to the global technology landscape [8]

Core Viewpoint - The report from Kaiyuan Securities highlights China Software International (00354) as a leading IT service provider in China, significantly benefiting from its deep partnership with Huawei, which contributes over 40% of the company's revenue [1] Group 1: Business Performance - The company's cloud intelligence business is experiencing significant growth, with a notable increase in full-stack AI product deployment, indicating strong growth potential [2] - The ICT service remains the cornerstone of the company's business, contributing the majority of revenue and profit, with a recovery in revenue expected in the second half of 2024 [2] - The total number of employees is rebounding, and the number of major clients has reached the second-highest level since 2020, showcasing effective client expansion [2] Group 2: Strategic Partnerships - The company is a key partner in Huawei's "Together We Thrive" initiative, having collaborated with Huawei since 2009 and playing a crucial role in various fields [3] - The company is deeply integrated into the development of the HarmonyOS ecosystem, with expectations of benefiting from the recovery of Huawei's terminal business and the completion of the "1+8+N" IoT ecosystem [3] - The company has launched tools for HarmonyOS developers and is collaborating with institutions like Shenzhen Angel Fund to support entrepreneurial developers, positioning itself as a core service provider in the Harmony ecosystem [3] Group 3: Financial Projections - The company has revised its profit forecasts for 2025 and introduced projections for 2026-2027, expecting net profits of 564 million, 628 million, and 708 million yuan respectively, with corresponding EPS of 0.21, 0.23, and 0.26 yuan per share [1] - The original profit forecast for 2025 was 1.342 billion yuan, indicating a significant downward adjustment [1] - The projected price-to-earnings ratios for 2025, 2026, and 2027 are 26.9, 24.1, and 21.4 times, respectively [1]

Investment Rating - The report maintains a positive outlook on the AI-PCB, Apple supply chain, AI-driven, and self-controlled industry chains, suggesting a "Buy" rating for these sectors [3][25]. Core Insights - Nvidia's GTC 2025 conference is expected to showcase significant advancements in AI and accelerated computing technologies, including the introduction of Blackwell Ultra and Rubin platforms, which are anticipated to enhance performance and efficiency [1][3]. - The semiconductor industry is experiencing a price increase in storage chips, with major companies like Micron and Western Digital announcing price hikes of over 10% starting April 1 [1][17]. - The report highlights a robust demand for AI-related hardware, driven by both North American and domestic internet giants, leading to significant growth in the AI-PCB sector [3][25]. Summary by Sections 1. Semiconductor Foundry - TSMC's CoWoS monthly capacity is projected to increase to 65,000-75,000 wafers by 2025 and reach 90,000-110,000 wafers by 2026 [2]. 2. Consumer Electronics - Huawei is set to hold a new product launch event on March 20, which is expected to boost domestic demand [2][5]. 3. PCB - The PCB industry is showing signs of recovery, with a stable upward trend anticipated due to increased demand from home appliances, automotive, and AI applications [2][6]. 4. Components - Delta has confirmed the GB300 supercapacitor configuration, and LCD panel prices are on the rise due to ongoing demand [2][15]. 5. IC Design - SanDisk has initiated a price increase, signaling an upcoming price surge in the storage sector [2][17]. 6. Semiconductor Equipment, Materials, and Parts - The report notes a trend of de-globalization in the semiconductor industry, with intensified sanctions leading to a focus on self-sufficiency [2][17]. 7. Advanced Packaging - TSMC plans to invest $38-42 billion in 2025 to support growth, with a significant portion allocated to advanced processes and packaging [18]. 8. Semiconductor Equipment Market - The global 300mm wafer fab equipment spending is expected to grow significantly, driven by AI chip demand [19][20]. 9. Key Companies - Companies such as Shenghong Technology and Lixun Precision are highlighted as beneficiaries of the AI-PCB and Apple supply chain trends, with expected strong performance in the upcoming quarters [25][27][28].

Core Viewpoint - The expansion of the HarmonyOS ecosystem is gaining unstoppable momentum, with significant advancements in application development and cross-device integration, positioning it as a strong competitor in the global operating system market [1][4]. Vertical Application Ecosystem Explosion - HarmonyOS has surpassed expectations with over 20,000 native applications launched within a year, addressing user concerns about application scarcity and achieving a 99% satisfaction rate in daily usage [6][16]. - The system aims to provide unique value to developers and users, moving beyond being a mere alternative to iOS or Android, with a focus on integrating AI capabilities for enhanced user experiences [7][17]. - The AI assistant "Xiao Yi" offers advanced interaction capabilities, allowing users to engage with third-party applications in ways not available on iOS or Android [8][9]. Horizontal Multi-Domain Layout - Huawei plans to have all new devices, including smartphones, tablets, and wearables, ship with HarmonyOS by 2025, indicating a strategic shift towards a unified operating system across its product lines [11][12]. - The introduction of a "new form factor" smartphone designed specifically for HarmonyOS is anticipated to enhance user experience significantly, particularly in large-screen devices [13]. - HarmonyOS is also expanding into other device categories, such as headphones and smartwatches, with features that enhance user interaction and connectivity [14]. Transition from Quantitative to Qualitative Change - The ecosystem is evolving from a focus on quantity to quality, creating a complete "application-device-scenario" closed-loop that enhances user experience and attracts more developers [16][17]. - The goal for 2025 includes reaching 100,000 applications, with a focus on essential but low-frequency applications in sectors like government and enterprise [18]. - The ongoing evolution of HarmonyOS is driven by innovation and transformation, positioning it as a key player in the interconnected world of smart devices [18].