（文章来源：每日经济新闻） 中国银河8月20日发布研报称，给予喜临门（603008.SH，最新价：18.12元）推荐评级。评级理由主要 包括：1）AI产品线布局日益完善，打造智慧睡眠新标杆；2）渠道布局持续深化，线上/下、海内/外双 联动赋能。风险提示：市场竞争加剧的风险，下游需求波动的风险，新品销量不及预期的风险。 ...

Core Insights - The strategic significance of vertical large models in government affairs is highlighted as a digital transformation accelerator, facilitating the transition from "information-based" to "intelligent" government services [1] - AI empowerment is emphasized for modernizing governance capabilities, enhancing decision-making science, service precision, and emergency response capabilities [2] - The release of data element value is crucial, aiming to break down data silos in government and achieve intelligent integration and application of data across departments and levels [2] Data and Technology - The document outlines a comprehensive data structure, including over 18 million enterprise business data, 4.59 million enterprise trademark data, and 10 million patent data, indicating a vast database supporting vertical industry applications [3] - The core technology architecture consists of a three-layer model system: a foundational layer based on domestic computing power, a domain layer for specific scenarios like policy interpretation and public service, and an application layer for lightweight fine-tuning models [3] Application Scenarios - Typical application scenarios include multi-modal government knowledge processing technology, a privacy-computing-based federated learning framework, and a structured parsing engine for policy texts [4] - Intelligent policy services are highlighted, including precise policy matching and push notifications, intelligent pre-examination of application conditions, and simulation of policy effects [4] Implementation Pathways - Suggested implementation pathways include a step-by-step strategy from single department pilots to cross-department collaboration, establishing data standards, security standards, and ethical guidelines for government large models [10] - The cultivation of "government + AI" composite talents is recommended to build a sustainable evolution capability [10] Future Outlook - The vertical large model in government affairs is expected to drive a new governance model characterized by "data-driven decision-making and intelligent service empowerment," ultimately achieving a new paradigm of government services that benefits the public [6] - The company, 科策云, is positioned as a leader in the science and technology innovation sector, with a focus on AI products and government-enterprise product lines, continuously enhancing its offerings to provide high-quality information services [6][8]