Open Source Securities: "Artificial Intelligence +" Action Plan Released to Welcome the Great Era of AI Investment

According to the Zhitong Finance APP, Kaiyuan Securities released a research report stating that on August 26, the State Council issued opinions on the in-depth implementation of the "Artificial Intelligence +" initiative, with high-level policies continuously intensifying, and downstream AI applications are expected to flourish and accelerate their implementation. Additionally, the recent official release of DeepSeek-V3.1 supports parameter precision for the upcoming next-generation domestic chip design. Against the backdrop of policy and technological resonance, the domestic AI ecosystem is expected to accelerate its prosperity, and we remain optimistic about the trend of the AI industry rising in 2025.

The main viewpoints of Kaiyuan Securities are as follows:

Event: The State Council issues opinions on the "Artificial Intelligence +" initiative

On August 26, the State Council issued opinions on the in-depth implementation of the "Artificial Intelligence +" initiative, aiming for a penetration rate of over 70% for new-generation intelligent terminals and intelligent agents by 2027, over 90% by 2030, and for China to fully enter a new stage of intelligent economy and intelligent society development by 2035.

The policy covers six major areas, with AI applications expected to flourish

The "Opinions" propose focusing on technology, industry, consumption, people's livelihood, governance, and global cooperation to deeply implement the "Artificial Intelligence +" initiative. In the technology sector, it calls for accelerating the construction and application of large scientific models and strengthening technological collaborative innovation between artificial intelligence and fields such as biomanufacturing, quantum technology, and sixth-generation mobile communication (6G); in the industrial development sector, it includes promoting intelligent native new business formats, and upgrading industrial and agricultural intelligence, as well as driving the widespread application of new-generation intelligent terminals and intelligent agents in service industries such as software, information, finance, commerce, law, transportation, logistics, and trade; in the consumption enhancement sector, it requires accelerating the development of efficiency-enhancing and companion-type intelligent native applications, vigorously developing new-generation intelligent terminals such as intelligent connected vehicles, artificial intelligence smartphones and computers, intelligent robots, smart homes, and wearable devices, and accelerating the integration of artificial intelligence with technologies such as the metaverse, low-altitude flight, additive manufacturing, and brain-computer interfaces; in the people's livelihood sector, it focuses on AI + employment, education, healthcare, and culture; in the governance capability sector, it covers government affairs, public safety, ecology, and more; and in global cooperation, it proposes building a global governance system for artificial intelligence. With high-level policies continuously intensifying, we are optimistic that downstream AI applications are expected to flourish and accelerate their implementation.

Collaborative development of models, data, and computing power, the domestic AI industry ecosystem is expected to prosper comprehensively

The "Opinions" require strengthening foundational support capabilities from aspects such as enhancing model foundational capabilities, innovating data supply, and coordinating intelligent computing power, and propose the layout and construction of a number of national artificial intelligence application pilot bases to optimize the application development environment. Recently, DeepSeek-V3.1 was officially released, using UE8M0 FP8 parameter precision, supporting the upcoming next-generation domestic chip design. Against the backdrop of policy and technological resonance, we are optimistic that the domestic AI ecosystem is expected to accelerate its prosperity.

Investment recommendations

We remain firmly optimistic about the trend of the AI industry rising in 2025. Recommended AI applications include Kingsoft Office, Zhuoyi Information, Dingjie Smart, iFLYTEK, SERVYOU, Tonghuashun, Zhongke Chuangda, Zhongkong Technology, Hehe Information, Tuolsi, Kingdee International, Focus Technology, Boyan Technology, Shanghai Steel Union, Seeyon, and Puyuan Information, with beneficiary targets including Haitian Ruisheng, Newcapec, Ouma Software, Fenbi, Shiji Information, Hand Information, SIE, Fanwei Network, Yongyou Network, TopCloud Agriculture, M.R.Tech, Hanwang Technology, and Hanyi Co., Ltd 360, RunDa Medical, JingTai Holdings, CaiXun Co., Ltd., Foxit Software, WanXing Technology, Meitu Inc., Kuaishou-W, HongRuan Technology, DangHong Technology, etc.

In the computing power sector, recommended companies include Haiguang Information, Zhongke Shuguang, Chunzhi Technology, Inspur Information, etc. Beneficiaries include Cambricon-U, Unisoc, Industrial Fulian, Jingjia Micro, Far East Co., Ltd, YunSai ZhiLian, etc.; for Huawei Ascend ecosystem, recommended companies include Digital China, iSoftStone, etc. Beneficiaries include Tuwei Information, Huibo Yuntong, Guangdian Yuntong, Fenghuo Communication, etc.

Risk Warning: Industry implementation may fall short of expectations; risk of intensified market competition; risk of company R&D falling short of expectations, etc