20231211_万联证券_计算机行业2024年投资策略报告：数智时代百舸争流自主浪潮奋楫争先_30页.pdf

Table_RightTitle|Table_Title Table_IndustryRank()Table_ReportType 2024 Table_ReportDate 2023 12 11 T abl e _S umm ary 2023 3 AI 2024 AI 2022 50 GDP OpenAI GPT-4 Turbo OpenAI GPTs GPT Store Gemini 1.0 Gemini Ultra AI Runway Gen-1 Gen-2 Gen-2 Meta Emu AI Pika 1.0 20 AI AI AI AI AIPC Table_Chart 300 Table_ReportList 23Q3 Q3 Table_Authors:S0270520050001 075583223620-20%-10%0%10%20%30%40%50%计算机 沪深300 5380 Table_Pagehead 2 30 2023 PKS AI AI AIGC AI AIPC AI WUCXwPsPmPnMpRnOrMrOpOaQbPbRmOoOsQpMkPnMnPfQrQsQ7NpPuMvPsRsNNZnRmN Table_Pagehead 3 30$st art$1.5 1.1.5 1.2.6 1.3 Q3.8 1.4.9 2.10 2.1.10 2.2.11 2.3.13 2.4.15 3.16 3.1 OpenAI.16 3.2 AI.19 3.3 AI.21 3.4 AIPC.23 4.24 4.1.24 4.2.26 4.3.27 5.29 6.29 1 2023 12 1.5 2 2023 12 1%.5 3 PE-TTM.6 4 2021-2023 Q1-Q3.6 5 2021-2023 Q1-Q3.6 6 2021-2023 Q1-Q3.7 7 2021-2023 Q1-Q3.7 8 2023.7 9 2023 8 10 SW 2013-2023/.8 11 23 Q3.9 12 5 10 20.9 13.10 14 5 GDP.10 15 GDP.10 16.11 17.12 18.12 19 2023.12 20 2023.14 Table_Pagehead 4 30 21.14 22.15 23 2023.15 24.16 25 ChatGPT.16 26 GPT-4 Turbo.17 27 GPT-4 Turbo.17 28 GPTs.18 29 GPT Store.18 30 Gemini Ultra GPT-4.18 31 Gen-2.19 32 Emu Video Emu Edit.20 33 Pika 1.0.20 34 Pika 1.0.20 35.21 36 3.0“5+N+X”.22 37 AI.23 38 AI.23 39 AI PC AIPC.23 40 FSD V12.24 41 S7.24 42.24 43.25 44.26 45 UOS.26 46.27 47 2020-2025E.27 48.28 49.28 50.28 Table_Pagehead 5 30 1 1.1 300 2023 12 1 300 10.04%17.92%14.36%300 24.40pct 32.27pct 2023 2023 7 1 12 1 10.36%2.68pct 300 1.00pct AI 300 1 2023 12 1 iFinD 2022 12 3 2023 12 1 14.36%3 TMT 4 3 2 2023 12 1%iFinD Table_Pagehead 6 30 3 2023 12 1 PE-TTM 47.73 2023 40.43 PE-TTM 44.39 3 PE-TTM iFinD 1.2 2023 2023 8,042.02 2022 7,909.74 1.67%26.75%0.39pct 24.09%1.28pct/8.39%/5.55%/10.04%/0.01%0.46pct/0.17pct/0.52pct/0.13pct 226.38 2.34%3.09%AI 4 2021-2023 Q1-Q3 5 2021-2023 Q1-Q3 iFinD iFinD Table_Pagehead 7 30 6 2021-2023 Q1-Q3 7 2021-2023 Q1-Q3 iFinD iFinD 2023 AI IT IT IT AI 23Q3 8 2023 23 YoY 23 YoY 23Q3 YoY 23Q3 QoQ 23Q3 YoY 23Q3 QoQ IT-2.58%9.06%-3.02%-0.92%-9.18%-13.38%IT-2.58%9.06%-3.02%-0.92%-9.18%-13.38%1.68%-1.84%11.40%11.61%-3.17%-32.10%3.74%8.57%6.80%3.88%25.50%-21.80%0.36%-32.77%14.44%17.00%-80.69%-79.51%8.61%-10.88%12.96%10.26%2507.94%-1.50%10.24%-12.54%16.38%12.42%-24.68%-12.45%3.96%-12.25%3.58%4.12%iFinD 2023 9 30 500 14 4.20%2023 31.54%2.60%2023 184.93 13.24%100 500 74 22.22%2023 38.65%50 100 89 26.73%2023 21.61%8.66%2023 16.15 49.48%50 156 46.85%Table_Pagehead 8 30 2023 8.20%9 2023 2023.9.30 2023 Q1-Q3 2023 Q1-Q3 2023 Q1-Q3 YoY 2023 Q1-Q3 2023 Q1-Q3 YoY 50 156 46.85%659.49 8.20%-5.97%-23.69 100 50 89 26.73%1,737.94 21.61%8.66%16.15 49.48%500 100 74 22.22%3,108.38 38.65%-0.92%48.99-13.87%500 14 4.20%2,536.21 31.54%2.60%184.93 13.24%iFinD 1.3 Q3 SW 23Q3 SW 2023 Q3 4.70%-0.39pct+1.16pct SW 2023 Q3 5.38%-1.39pct+2.55pct SW 2023 Q3 0.68%-1.00pct+1.39pct 10 SW 2013-2023/iFinD SW 2023 Q3 AI IT 2023 Q3 Table_Pagehead 9 30 11 23 Q3()%1 688111.SH 2,433,927.40 445 1-21.36 2 002415.SZ 1,628,461.30 408 2 2.08 3 002230.SZ 830,381.19 265 3-25.35 4 002920.SZ 778,485.81 227 4-7.81 5 002236.SZ 605,770.68 157 5 12.76 6 600845.SH 544,884.00 99 10-11.08 7 300454.SZ 521,770.54 63 13-17.61 8 002180.SZ 512,591.37 36 24-24.50 9 600570.SH 424,364.62 147 6-26.73 10 300033.SZ 372,846.08 104 8-14.73 iFinD SW 2023 Q3 5 10 20 43.11%59.44%75.01%+3.28%+2.08%-0.41%-8.34%-12.61%-11.15%SW 12 5 10 20 iFinD 1.4 OpenAI AI AI AI Table_Pagehead 10 30 13 2 2.1 2022 50 GDP 2022 50.2 4.7 GDP 41.5%GDP 2022 10.3%GDP5.3%5 GDP 14 5 GDP 15 GDP 2023 10 25 2023 3 7 10 2024 Table_Pagehead 11 30 16 2023 3 16 2023 7 28 2023 10 11 2023 10 14 2024 12 2023 10 25 2.2 2023 2013 2023 11 100 Table_Pagehead 12 30 17 11 25 2023 30 30 PMI 18 2023 19 2023 2023/7/22 2023-2025 2025 5000 15%1000 1000 1000 20 Table_Pagehead 13 30 2023/9/19 2025 100 DCMM 100 2000 2023/11/12 2023/11/13 2023/11/21 2025 2030 2023/12/5(2024 2026)2026 2.3 Table_Pagehead 14 30 20 2023 2023/8/22 2023/9/8 2023/10/26 2023/12/5 2023/12/7 2023 08 21 2024 1 1 2023 9 8 2023 10 1 21 Table_Pagehead 15 30 2.4 22 11 25 2023 23 2023 Table_Pagehead 16 30 11 25 2023 10 24 3 3.1 OpenAI OpenAI ChatGPT 2023 11 7 OpenAI ChatGPT 1 200 API 92%500 25 ChatGPT Table_Pagehead 17 30 GPT-4 Turbo OpenAI GPT-4 Turbo 1 GPT-4 Turbo 128k GPT-4 8000token 16 prompt 300 2 JSON API 3 2023 4 GPT-4 2021 9 4 DALL E 3 GPT-4 Turbo TTS API 5 Custom Models OpenAI GPT-4 6 GPT-4 token OpenAI 26 GPT-4 Turbo GPT-4 Turbo GPT-4 GPT-4 Turbo token 3 token 2 GPT-4 2.75 GPT 3.5 Turbo 16k 27 GPT-4 Turbo Table_Pagehead 18 30 GPTs GPT Store OpenAI GPTs ChatGPT OpenAI 11 GPT Store GPTs GPTs GPT Store GPT 28 GPTs 29 GPT Store Gemini 1.0 2023 12 6 CEO Gemini 1.0 Gemini Gemini 1.0 1 Gemini Ultra Gemini Pro Gemini Nano on-device Gemini Ultra Gemini Ultra MMLU 90.0%30 Gemini Ultra GPT-4 Table_Pagehead 19 30 3.2 AI Runway AI 2023 Runway Gen-1 Gen-2 Gen-2 Gen-1 Runway 2 AI Gen-1 Gen-2 AI 0 1 Gen-2 1 Text to Video 2 Text+Image to Video+prompt 3 Image to Video 4 Stylization 5 Storyboard 6 Mask prompt 7 Render 8 Customization Gen-2 AI Gen-2 31 Gen-2 Meta Emu AI 2023 11 Meta Emu Video Emu Edit Emu Emu Video Emu Video Table_Pagehead 20 30 Emu Edit Emu Edit Meta AI 32 Emu Video Emu Edit Pika 1.0 Pika Pika 1.0 3D Pika 1.0 Pika 1.0 AI 33 Pika 1.0 34 Pika 1.0 Table_Pagehead 21 30 3.3 AI 2023 07 2023 8 15 AI AI 20 AI 11 20 AI 8 31 8 AI SenseChat AI GLM MiniMax ABAB 9 20 360 360 11 4 11 AI Luca AI Moonshot AI WPS AI MathGPT 360 AI AI 35 2023/8/31 2023/8/31 2023/8/31 SenseChat 2023/8/31 2023/8/31 AI GLM 2023/8/31 MiniMax ABAB 2023/8/31 2023/9/1 2023/9/21 360 360 2023/11/4 2023/11/4 Luca 2023/11/4 2023/11/4 2023/11/4 2023/11/4“AI”2023/11/4 Moonshot AI 2023/11/4 WPS AI 2023/11/4 MathGPT 2023/11/6 2023/11/6 360 Table_Pagehead 22 30 3.0 5+N+X 2023 7 2023 3.0 3.0 100 380 710 1000 NLP 3.0 5+N+X L0 L1 N L0 L1 L2 36 3.0 5+N+X AI AI AI-LightGPT LightGPT Transformer HDAI AI+AI+Table_Pagehead 23 30 37 AI 38 AI 3.4 AIPC AI AI+PC AI AI Magic6 7B AI vivo oppo 2023 Tech World AI PC AI PC AIPC PC AI AI 39 AI PC AIPC Table_Pagehead 24 30 AI AI 2023 11 FSD V12 FSD Beta V12 AI Full AI End-to-End AI V12 C+2000 V11 30 2023 11 S7 S7 HarmonyOS 4 S7 HUAWEI ADS 2.0 40 FSD V12 41 S7 4 4.1 2023 8 2023 8 42 2023/8/8 CPU ARM LoongArch MIPS SW64 x86 SMP NUMA Table_Pagehead 25 30 2023/8/3 3 3 3 2 2023/8/7,key,2023/8/4 3 3 3 2023/8/7 2023/8/8 CPU 43 Table_Pagehead 26 30 4.2 2+8+N N 2023 44 2023 7 8 UOS 6 6 OS UOS 45 UOS Table_Pagehead 27 30 9 5 65 6 2023 IT PC 2023 46 1 ARM 340,094 2 C86 102,020 3 100,000 4 11,850 5 9,850 6 17,000 7 ARM 39,348 8 ARM 23,400 9 8,972 652,534 4.3 2023 18,710,597 2025 33,777.02 2020-2025 26.99%47 2020-2025E Table_Pagehead 28 30 400 2023 12 10 325 67 400 385 41 425 400 48 49 2023 12 10 2023 12 10 CPU PKS 50 TaiShan OS GaussDB-CMIC 2023 7 PKS PC PKS Table_Pagehead 29 30 5 1 2 3 4 1 OpenAI GPT-4 Turbo GPTs GPT Store GPT Gemini 1.0 AI 2 AI Runway Gen-2 Meta Emu Pika 1.0 AI AIGC 3 20 AI AI 4 AI PC AI AIPC 1 2 3 6 AI Table_Pagehead 30 30$en d$Table_InudstryRankInfo 6 10 6 10-10 6 10 Table_StockRankInfo 6 15 6 5 15 6-5 5 6 5 300 Table_RiskInfo Table_PromiseInfo Tale_ReliefInfo Table_AdressInfo 1528 28 2007 11