Investment Rating - The investment rating for the company is "Buy-A" with a target price of 41.24 CNY over the next six months, compared to the current stock price of 38.24 CNY [6]. Core Views - The company has made significant breakthroughs with its proprietary brand products, particularly the launch of the first commercial computer based on the Kunpeng technology route, marking a milestone in domestic production capabilities [2][4]. - The company is actively expanding its international presence, leveraging AI-driven strategies to enhance its digital economy initiatives abroad, as evidenced by its inclusion in the "2025 Digital Economy Going Global Typical Cases" [2][5]. - The company focuses on key industries, collaborating with upstream and downstream partners to create a robust ecosystem, particularly in sectors like industrial manufacturing, healthcare, and energy [3][4]. Financial Projections - The company expects revenues of 137.93 billion CNY, 146.14 billion CNY, and 155.90 billion CNY for the years 2025, 2026, and 2027 respectively, with net profits projected at 1.09 billion CNY, 1.35 billion CNY, and 1.62 billion CNY for the same years [13][15]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 1.53 CNY, 1.90 CNY, and 2.28 CNY respectively, indicating a steady growth trajectory [15][16]. Market Performance - The company's stock has shown a relative return of 3.5% over the past month, with a 44.6% increase over the past year, outperforming the market index [8].

树亚介绍，在安徽布局相关产业，是因为安徽拥有健全的制造业产业生态体系，从核心零部件研发生 产、整机智能制造到下游市场应用，已构建起完整的产业链条，能助力企业提升生产运营效率。此外， 当地政府提供全方位的产业支撑保障，提供针对性资金扶持政策，完善政务服务机制。人才储备方面， 当地高校也提供了稳定的专业人才供给。 来源：中国青年报客户端 "安徽积极推动信创产业发展，对国产化设备需求旺盛。从安徽省首条鲲鹏技术路线服务器产线，到首 条鲲鹏技术路线商用电脑产线，神州数码落户安徽的同时，自身也实现跨越式发展。"神州数码信创业 务集团副总裁树亚介绍，本次下线的电脑具备高性能、低功耗、安全性强等特点，搭配国产操作系统、 形成全栈国产化解决方案，能为关键行业提供安全可控的设备支持。未来将应用于政企、教育、医疗、 金融、运营商等行业，保障数据安全。 合肥市相关负责人说，当下，安徽全省信创产业链初步形成，合肥汇聚了不少科技企业与创新资源，构 建起产业生态。从产业角度看，此次商用电脑下线，填补了当地在鲲鹏技术路线商用电脑制造领域的空 白，扩充当地信创产业的商用电脑制造能力，也进一步完善了安徽信创产业链。 在树亚看来，神州鲲泰的不断发 ...

Core Viewpoint - The launch of the first commercial computer based on the Kunpeng technology route in Anhui marks a significant milestone for the local innovation industry and sets a new benchmark for the Yangtze River Delta region [1][2]. Group 1: Product Development - The new product signifies a breakthrough in the manufacturing of commercial computers using the Kunpeng technology route, achieving a transition from "0" to "1" in this field in Anhui [2]. - The product integrates high performance, low power consumption, and high security features of the Kunpeng technology with domestic operating systems, creating a complete domestic solution from underlying technology to end products [2]. Group 2: Industry Collaboration - The production line exemplifies collaborative innovation among government, industry, academia, and research, supported by the proactive layout of the Hefei municipal government, Huawei's technical backing, and the manufacturing experience of Digital China [2]. - The production line aims to serve local needs while also establishing itself as a benchmark for national technological self-reliance strategies [2]. Group 3: Market Demand and Applications - There is a strong demand for domestic equipment in Anhui, with the newly launched commercial computers designed to meet the needs of various sectors including government, education, healthcare, finance, and telecommunications [2]. - Digital China has positioned Hefei as its headquarters for innovation business since 2021, significantly contributing to local economic development, ranking 49th among private enterprises in Anhui by revenue and 14th in the service industry [2]. Group 4: Future Developments - In 2025, Digital China plans to launch the Shenzhou KunTai Wenshu Integrated Machine (DeepSeek version) based on the "Kunpeng + Ascend" technology, which has received certifications from authoritative bodies [3]. - The company has established a fully domestic technology stack AI computing OpenLab to enhance regional AI ecosystem collaboration [3]. - Digital China has developed a comprehensive product matrix covering cloud, network, edge, and terminal scenarios, supporting cloud computing, big data, and artificial intelligence [3].