丨证券研究报告丨 行业研究丨行业周报丨软件与服务 [Table_Title] 香港通过稳定币草案，关注相关产业投资机遇 2025 年第 22 周计算机行业周报 报告要点 [Table_Summary] 上周计算机板块小幅反弹，上涨 1.79%。在长江一级行业中排名第 6 位，两市成交额占比为 8.85%，稳定币相关概念活跃。上周中国建设银行股份有限公司发布《服务器采购项目》中标 公示； DeepSeek R1 模型宣布完成小版本升级；国家数据局举办"数据要素×"首场新闻发 布会。本周建议关注：1）具有发币资格的相关企业；2）在区块链等关键技术上有技术积累的 企业；3）具有相关牌照的企业。 分析师及联系人 [Table_Author] 宗建树 SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 软件与服务 cjzqdt11111 [Table_Title 香港通过稳定币草案，关注相关产业投资机遇 2] 2025 年第 22 周计算机行业周报 2025 年 5 月 21 日，香港立法会正式通过《稳定币条例草案》 ...

Group 1 - The core point of the news is that Lenovo (Beijing) Information Technology Co., Ltd. has successfully won the bid for the China Construction Bank's Haiguang chip server procurement project, with a total bid amount exceeding 1.1 billion yuan [1] - Lenovo's Infrastructure Solutions Group (ISG) reported a remarkable performance in Q4 2024/2025, with a year-on-year revenue growth of 63% and achieving profitability for the second consecutive quarter, indicating strong innovation capabilities in various industries [1] - The successful bid for the Haiguang chip server project further validates Lenovo's competitive edge and influence in the market, showcasing the technical strength and product quality of its server offerings [1] Group 2 - The Haiguang chip, based on the X86 architecture, has been developed in collaboration with AMD, allowing for direct compatibility with Windows/Linux systems and traditional software ecosystems [2] - Lenovo's server products based on the Haiguang chip are characterized by high performance, reliability, and scalability, meeting the stringent requirements of financial institutions for data processing capability, security, and stability [2] - This bid win represents a significant breakthrough for Lenovo in the financial sector server market, helping to expand its market share and deepen partnerships with major banks, while injecting new momentum into the growth of its ISG business [2]