Core Viewpoint - The Hangzhou Municipal Economic and Information Technology Bureau has released a draft action plan for the development of the artificial intelligence terminal industry, aiming to provide clear guidance for the sector's growth from 2025 to 2027 [1][2]. Policy Guidance - The draft plan targets an industry scale of 300 billion yuan by 2027, with goals to implement 100 key research projects, create 30 popular terminal products, cultivate 20 independent brands, and establish 50 typical application scenarios [2][3]. - Key focus areas include intelligent visual terminals, intelligent computing terminals, intelligent robots, and smart wearable devices, with specific product development outlined for each category [2][3]. Industry Development Measures - The plan includes measures to enhance innovation, high-end manufacturing, and industrial support capabilities, such as government funding support of up to 10 million yuan for qualifying AI companies and projects [3]. - It emphasizes the importance of foundational elements like data, computing power, and algorithms to strengthen the industry [3]. Corporate Landscape - By 2027, the plan aims to nurture five companies with a valuation of over 10 billion yuan, 20 companies over 1 billion yuan, and 60 "specialized and innovative" small giant enterprises [4]. - Several listed companies in Hangzhou are already positioning themselves in relevant fields, such as Zhejiang Dahua Technology Co., Ltd. and Hongsoft Technology Co., Ltd., which are actively developing AI terminal products [4][5]. Market Trends - Companies are encouraged to focus on operational scenarios to secure long-term revenue, utilize export tax rebates to enhance hardware margins, and leverage government and user data for financing [5].