Investment Rating - The industry investment rating is "Positive" and maintained [6] Core Viewpoints - The recent release of the security reliability assessment results is expected to catalyze local procurement in the Xinchuang industry, accelerating procurement processes across various regions [2][4] - Key upcoming policy assessment years, such as 2025 and 2027, are anticipated to drive industry momentum, with a focus on domestic chip supply chains, domestic operating systems, and the Huawei supply chain [2][4] - The report highlights the leading domestic database company, Dameng Data, as a key investment opportunity within the Xinchuang sector [2] Summary by Sections Event Description - On March 14, 2025, the China Information Security Evaluation Center and the National Confidentiality Technology Evaluation Center released the first security reliability assessment results for 2025 [4] Event Commentary - The assessment results included 8 CPU products, 1 desktop operating system, and 1 server operating system, with a total of 42 CPU products, 7 desktop operating systems, 11 server operating systems, 17 centralized databases, and 11 distributed databases having passed the assessments [8] - The accelerated pace of security reliability assessments is expected to influence local procurement parameters and timelines positively [8] - The report notes that 2025 is a critical year for the Xinchuang industry, with the potential for a new round of procurement tenders to commence soon [8] Investment Opportunities - The report suggests focusing on investment opportunities in the domestic chip supply chain, domestic operating systems, and the Huawei supply chain, particularly highlighting Dameng Data as a leading player in the domestic database market [2][8]