According to the Zhitong Finance APP, Shanghai Securities has released a research report stating that the top-level design for artificial intelligence has been published, clarifying the overall requirements, development goals, and key directions for implementing the &#34;AI+&#34; initiative. Recent advancements in the AI field continue, with DeepSeek-V3.1 utilizing parameter precision of UE8M0 FP8 Scale for next-generation domestic chips, indicating a higher level of collaboration between domestic large model manufacturers and chip manufacturers; NVIDIA announced its fiscal Q2 2026 results and expects that by 2030, spending on AI infrastructure will reach USD 3 trillion to 4 trillion. It is recommended to pay attention to Huafeng Technology (688629.SH), Shenling Environment (301018.SZ), KEHUA DATA (002335.SZ), and Kingsoft Office (688111.SH).
<h2>The main viewpoints of Shanghai Securities are as follows:</h2>
Top-level design for artificial intelligence published.
On August 26, the State Council issued the &#34;Opinions on Deepening the Implementation of the 'AI+' Initiative,&#34; which clarifies the overall requirements, development goals, and key directions for implementing the &#34;AI+&#34; initiative. The opinions specify the phased goals for implementing the &#34;AI+&#34; initiative in China: by 2027, the penetration rate of new generation smart terminals, intelligent agents, and other applications will exceed 70%, and the scale of core industries in the smart economy will grow rapidly; by 2030, the penetration rate of new generation smart terminals, intelligent agents, and other applications will exceed 90%, making the smart economy an important growth pole for China's economic development; by 2035, China will fully enter a new stage of development in the smart economy and smart society.
China Computing Power Conference held, Ministry of Industry and Information Technology proposes to accelerate breakthroughs in key core technologies such as GPU chips.
From August 22 to 24, the 2025 China Computing Power Conference was held in Datong, Shanxi. This conference, themed &#34;Building the Foundation of Computing Power to Lead the Future,&#34; released the &#34;2575N&#34; achievement system, which includes &#34;2&#34; major releases, &#34;5&#34; important reports, &#34;7&#34; innovative achievements, &#34;5&#34; typical benchmarks, and N frontier practices in the field of computing power. Xiong Jijun, Deputy Minister of the Ministry of Industry and Information Technology, emphasized at the conference that the ministry will orderly guide the construction of computing power facilities and effectively improve the quality of computing power resource supply. It will promote the improvement of the policy system for computing power layout, optimize the layout of computing power infrastructure, guide local areas to reasonably layout intelligent computing power facilities, and continue to carry out the construction of national green data centers. It will strengthen the position of enterprises as the main body of innovation and promote the deep integration of technological innovation and industrial innovation. It will accelerate breakthroughs in key core technologies such as GPU chips and expand the supply of basic common technologies.
Continuous progress in the AI field.
(1) DeepSeek: On August 21, DeepSeek announced the official release of DeepSeek-V3.1, stating that this latest model uses parameter precision of UE8M0 FP8 Scale and revealed that UE8M0 FP8 is designed for the upcoming next-generation domestic chips. This indicates that the collaboration between domestic large model manufacturers and chip manufacturers has reached a higher level, allowing both parties to participate in optimization during the hardware development phase. According to Moore Threads, this move can fully leverage the characteristics of domestically produced chip architectures that have already been mass-produced, achieving optimization through collaborative design of domestic large models and domestic chips, realizing 1+1&gt;
2.
(2) NVIDIA: On August 28, NVIDIA announced its second-quarter results for the fiscal year 2026, achieving revenue of $46.743 billion, a year-on-year increase of 56%; net profit of $26.422 billion, a year-on-year increase of 59%. Among them, the data center business revenue was $41.1 billion, a year-on-year increase of 56.4%. In terms of capital expenditure, Jensen Huang expects that by 2030, spending on AI infrastructure will reach $3 trillion to $4 trillion, which will bring huge long-term growth opportunities for NVIDIA. Regarding the H20 chip, NVIDIA stated that it may send $2 billion to $5 billion worth of H20 chips to China, and the possibility of introducing Blackwell into the Chinese market is real. Jensen Huang mentioned that China could bring $50 billion in business opportunities this year. He expects the Chinese market to grow at about 50% annually and expressed hope to sell updated chips to the Chinese market.
Suggestions for Attention
(1) Computing Power: Huafeng, Shenling, Cambricon, Haiguang Information, Ambow Technology, etc.;
(2) AIDC: KEHUA DATA, Yunsai Zhili, Hongxin Electronics, Runjian Co., Ltd., Runze Technology, Data Port, etc.;
(3) AI Applications: Kingsoft Office, iFlytek, Dingjie Smart, Hand Information, Zhuoyi Information, Puyuan Information, etc.
Risk Warning
Downstream prosperity is not as expected; policy advancement is not as expected; technological innovation is not as expected; industry competition intensifies

301018

688629

688111

002335

The State Council released a top-level design for artificial intelligence, clarifying the overall requirements, development goals, and key directions for the "Artificial Intelligence +" initiative. It is expected that by 2030, AI infrastructure spending will reach USD 3 trillion to USD 4 trillion. Shanghai Securities recommends paying attention to companies such as Huafeng, Shenling, KEHUA DATA, and Kingsoft Office. The China Computing Power Conference emphasized accelerating breakthroughs in key technologies such as GPU chips and promoting the improvement of the quality of computing power resource supply

Zhitong

Shenling

Huafeng

Kingsoft Office

KEHUA DATA

Shanghai Securities: The release of the top-level design for artificial intelligence, continuous development of AI computing power