长城证券：加速推进智能终端全面发展强化模型算力数据三维能力

智通财经2025-08-29

智通财经APP获悉，长城证券发布研报称，近日国务院发布“人工智能+”重要顶层设计。智能终端作为人工智能+的最终应用端表现，直接代表“人工智能+”的商业化体现，持续看好智能终端各应用相关投资机会。算力直接连接基础设施模型和数据，是最基础的能力支撑，政策的发布进一步印证算力基础设施建设的关键，持续看好算力产业链各环节投资机会。建议关注中国移动(600941.SH,00941)、浪潮信息(000977....

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2563094699?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-08-29 10:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2563094699","market":"fut","top_or_hot":-1,"title":"长城证券：加速推进智能终端全面发展 强化模型算力数据三维能力","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，长城证券发布研报称，近日国务院发布“人工智能+”重要顶层设计。智能终端作为人工智能+的最终应用端表现，直接代表“人工智能+”的商业化体现，持续看好智能终端各应用相关投资机会。算力直接连接基础设施模型和数据，是最基础的能力支撑，政策的发布进一步印证算力基础设施建设的关键，持续看好算力产业链各环节投资机会。建议关注中国移动(600941.SH,00941)、浪潮信息(000977....</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1338243.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>长城证券：加速推进智能终端全面发展 强化模型算力数据三维能力</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n长城证券：加速推进智能终端全面发展 强化模型算力数据三维能力\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-29 10:33 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1338243.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，长城证券发布研报称，近日国务院发布“人工智能+”重要顶层设计。智能终端作为人工智能+的最终应用端表现，直接代表“人工智能+”的商业化体现，持续看好智能终端各应用相关投资机会。算力直接连接基础设施模型和数据，是最基础的能力支撑，政策的发布进一步印证算力基础设施建设的关键，持续看好算力产业链各环节投资机会。建议关注中国移动(600941.SH,00941)、浪潮信息(000977....</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1338243.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0531971595.HKD","symbol_name":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1338243.html","article_id":"2563094699","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563094699","pubTimestamp":1756434839,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，长城证券发布研报称，近日国务院发布“人工智能+”重要顶层设计。深化“人工智能+”深度融合，加速推动智能终端全面发展。推进诸如智能机器人、智能网联汽车等智能终端全面发展，正对应此次《意见》所提及的“智能原生”，智能终端作为人工智能+的最终应用端表现，直接代表“人工智能+”的商业化体现，持续看好智能终端各应用相关投资机会。《意见》特别提到强化模型、算力、数据三方面基础支撑能力。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"80883":"中国海洋石油-R","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU1226288253.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) INC","LU1951186391.HKD":"UBS (LUX) KEY SEL CHINA ALLOCATION OPPORTUNITY (US \"P\" (HKD) INC","002939":"长城证券","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK1521":"挪威政府全球养老基金持仓","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","BK1506":"5G概念","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","BK1536":"电信股","BK1589":"北水核心资产","00941":"中国移动","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","HK0000252152.HKD":"易方达 (香港) 中国股票股息基金A 类 (累积) 港元","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","HK0000252160.HKD":"易方达 (香港) 中国股票股息基金A 类 (分派) 港元","BK0276":"资本市场","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","HK0000500386.USD":"易方达 (香港) 中国股票股息基金A 类 (累积) 美元","BK1610":"ETF&股票定投概念","SG9999002463.SGD":"LionGlobal China Growth SGD","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU1226288170.HKD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P6%\"(HK D) INC","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU1226287875.USD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"PM\" (USD) INC","BK1152":"无线电信业务"},"translate_title":"Great Wall Securities: Accelerate the comprehensive development of intelligent terminals and strengthen the three-dimensional capabilities of model computing power data","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80883":0.6,"00941":0.9,"002939":1},"content_text":"智通财经APP获悉，长城证券发布研报称，近日国务院发布“人工智能+”重要顶层设计。智能终端作为人工智能+的最终应用端表现，直接代表“人工智能+”的商业化体现，持续看好智能终端各应用相关投资机会。算力直接连接基础设施模型和数据，是最基础的能力支撑，政策的发布进一步印证算力基础设施建设的关键，持续看好算力产业链各环节投资机会。建议关注中国移动(600941.SH,00941)、浪潮信息(000977.SZ)、新易盛(300502.SZ)、源杰科技(688498.SH)等。长城证券主要观点如下：事件2025年8月26日，国务院发布《关于深入实施“人工智能+”行动的意见》(以下简称《意见》)。深化“人工智能+”深度融合，加速推动智能终端全面发展。《意见》指出到2027 年，率先实现人工智能与6 大重点领域广泛深度融合，新一代智能终端、智能体等应用普及率超70%，智能经济核心产业规模快速增长，人工智能在公共治理中的作用明显增强，人工智能开放合作体系不断完善。到2030 年，我国人工智能全面赋能高质量发展，新一代智能终端、智能体等应用普及率超90%，智能经济成为我国经济发展的重要增长极，推动技术普惠和成果共享。到2035 年，我国全面步入智能经济和智能社会发展新阶段，为基本实现社会主义现代化提供有力支撑。在重点行动中，《意见》特别指出，推动智能终端“万物智联”，培育智能产品生态，大力发展智能网联汽车、人工智能手机和电脑、智能机器人、智能家居、智能穿戴等新一代智能终端，打造一体化全场景覆盖的智能交互环境。加快人工智能与元宇宙、低空飞行、增材制造、脑机接口等技术融合和产品创新，探索智能产品新形态。推进诸如智能机器人、智能网联汽车等智能终端全面发展，正对应此次《意见》所提及的“智能原生”，智能终端作为人工智能+的最终应用端表现，直接代表“人工智能+”的商业化体现，持续看好智能终端各应用相关投资机会。强化构筑模型算力数据三维能力，支撑“人工智能+”加速深入推进。《意见》特别提到强化模型、算力、数据三方面基础支撑能力。首先在模型方面，提升模型基础能力支持多路径技术探索和模型基础架构创新，积极推动理论创新、技术创新、工程创新协同发展，同时探索模型应用新形态，建立健全模型能力评估体系。其次在数据方面，加强数据供给创新，持续加强人工智能高质量数据集建设，完善适配人工智能发展的数据产权和版权制度，推动公共财政资助项目形成的版权内容依法合规开放，加强数据供给激励，培育壮大数据处理和数据服务产业。最后在算力方面，支持人工智能芯片攻坚创新与使能软件生态培育，加快超大规模智算集群技术突破和工程落地，优化国家智算资源布局，加强智能算力互联互通和供需匹配。伴随“人工智能+”的深入推进，必然对基础设施模型、算力以及数据方面提出更高的要求，模型数据以及算力三位一体，其中算力直接连接模型以及数据两端，是最基础的能力支撑，此次《意见》的发布进一步印证算力基础设施建设的关键，持续看好算力产业链各环节投资机会。建议关注的标的运营商/国资云：中国移动、中国电信、中国联通、深桑达A、易华录;主设备商&服务器：浪潮信息、紫光股份、星网锐捷、中科曙光;光模块：新易盛、华工科技;光芯片：源杰科技;IDC：英维克、佳力图、申菱环境、数据港;卫星互联网：震有科技、海格通信、中科星图、上海瀚讯、创意信息、海能达、铖昌科技、国博电子、臻镭科技;PCB：兴森科技、沪电股份、深南电路、世运电路、崇达技术;连接器：鼎通科技，瑞可达;掩膜版：路维光电、清溢光电;线缆：新亚电子;算力模组：美格智能、移远通信、广和通;工业互联网：工业富联、三旺通信;域控制器：经纬恒润、华阳集团、德赛西威、均胜电子、朗特智能、和而泰、拓邦股份;操作系统/软件：中科创达、光庭信息;MR 产业链：蓝特科技、兆威机电、领益制造、鹏鼎控股、长盈精密;量子通信：国盾量子、IonQ、Quantum Computing Inc.、D-Wave Quantum Inc.、IBM、Honeywell。风险提示市场竞争加剧风险;关键技术突破不及预期风险;下游需求不及预期;原材料价格波动风险","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2563094699","isCrawlerRequest":true}

长城证券：加速推进智能终端全面发展 强化模型算力数据三维能力

精彩评论

长城证券：加速推进智能终端全面发展强化模型算力数据三维能力