The Ministry of Industry and Information Technology, the State-owned Assets Supervision and Administration Commission of the State Council, and the All-China Federation of Industry and Commerce issued the "Implementation Guidelines for the Digital Transformation of Manufacturing Enterprises."

It is proposed to guide enterprises to carry out cloud-based research and development design, subscribing to software services for product design, simulation, etc. on demand to improve product simulation efficiency and reduce software operation and maintenance costs. Promote collaborative research and development design among enterprises, especially encourage manufacturing enterprises represented by SSE High-End Equipment Manufacturing 60 Index to build collaborative design platforms, strengthen design collaboration, and encourage supporting component enterprises to use the platform, thereby shortening the product design cycle.

Encourage enterprises to explore new applications in smart research and development by developing "AI+" research and design software, building datasets such as design models and simulation models, conducting model training, and developing innovative applications like generative design and real-time simulation to accelerate the R&D of new products.

HAITONG SEC released a research report stating that under the background of the 10 trillion strong bond and Trump's election, the strength of counter-cyclical adjustment may continue to increase, and the importance of self-control is expected to continue to rise. The pressure faced by China's Technology industry may further increase, and the importance of self-control is expected to continue to rise, recommending focus on Xinchuang and Industrial Software.

Hong Kong-listed stocks related to AI Software:

Innovative Qizhi (02121): The company began implementing AI 1.0 and AI 2.0 dual tower development starting in 2023, gradually launching the application and pre-research of the ChatX series of vertical large models under AI 2.0. By the end of March this year, it released the AnnoGC-75B industrial large model (75 billion parameters), adding multimodal capabilities based on the 15B large model. Currently, ChatX includes five main implemented products: ChatBI, ChatDoc, Chatvision, ChatCAD, and ChatRobot. The company's nine major sub-sectors cover industrial software, intelligent software, industrial logistics, intelligent equipment, and industrial sustainability scenarios. ChatBI has successfully landed in the industrial software and intelligent software scenarios in the food and beverage manufacturing field, while ChatDoc and Chatvision have landed in industrial sustainability scenarios. ChatCAD has greater imaginative space in CAD industrial design, rewriting traditional CAD design modes through large models, enabling direct CAD design through text and language, significantly improving CAD design efficiency. Institutions expect the company to begin ChatCAD's implementation work this year. ChatRobot is driven by large models for automated task planning for industrial robots, driving and implementing work deployments. The company has already conducted live demonstrations at the large model launch event, and although still in the research and verification stage, it has preliminarily shown prospects for industrial application and great potential.

Kingsoft Cloud (03896): UBS Group released a report indicating that Kingsoft Cloud's performance in the third quarter exceeded market expectations, benefiting from the development of AI and the support of the Kingsoft ecosystem. With the increase in cloud usage, especially in the AI demands of WPS Office and Xiaomi in the fields of Internet of Things, Smart Phone, and electric vehicles, it is expected that the revenue contribution from KINGSOFT and Xiaomi will increase from about 20% in 2024 to more than 40% by 2027.