From May 26th to 28th, the three-day "Riding the Wind to Break Through Changes, Gathering Strength to Open a New Chapter: Guolian Minsheng 2026 Mid term Investment Strategy Conference" was held in Shanghai. Over 700 listed companies were invited to attend, and institutions and celebrities gathered on site, creating a lively and unprecedented atmosphere for communication. The current capital market has entered a new stage of development, with macroeconomic, industrial patterns, and technological changes intertwined and evolving. Market opportunities and challenges coexist. In this context, the conference gathered numerous industry and capital representatives to analyze the direction of the capital market in the second half of the year and sort out investment opportunities in various industries. This strategy meeting has set up an AI themed forum to closely follow the development trend of the digital economy, explore cutting-edge directions such as computing power construction, independent technology, and intelligent applications, empower industry exchange and value mining from a cutting-edge perspective, and jointly explore new investment logic and industrial development paths in the second half of the year.

Hu Youwen, Vice President and General Manager of Guolian Minsheng Securities Research Institute, stated in his speech at the AI Forum that AI has become the core engine driving the development of the digital economy, from computing infrastructure to model algorithms, from AI programming to intelligent interaction in the physical world. This is a great era of technological fission and industrial leap - hyper node architecture is redefining the boundaries of computing power, CPUs are undergoing value reconstruction in the Agentic AI wave, domestic independent computing is accelerating its breakthrough, and AI coding is sweeping the global software industry with astonishing efficiency revolution. It is reported that the Guolian Minsheng Research Institute continues to deepen its cultivation of the AI industry chain. As early as 2023, it established the industry's first artificial intelligence research institute and completed the landing and application of all staff intelligent tools in March this year, empowering investment research work with technology.

Hu Youwen

Vice President and General Manager of Guolian Minsheng Securities Research Institute

Li Chengwei, Chief Architect of Lite On Precision, delivered a speech on the development trend of AIDC and AI supernode architecture. He pointed out that AI computing power has entered the era of token economy, and computing power has become a new type of "hydropower coal". In the future, data centers will use tokens as the core measurement and trading unit. AI data centers are undergoing a comprehensive upgrade from traditional architecture to AI factories, with cabinets rapidly evolving towards high-power, liquid cooled, and containerized configurations, significantly reducing deployment cycles. Lixun Precision focuses on the three core directions of high-speed interconnection, heat dissipation, and power supply with the "three meridians and two latitudes" strategy. It has launched the Xuan Yuan 3.0 platform to achieve the integration of light, electricity, heat dissipation, and power supply, and create a megawatt level AI basic environment solution to support the next generation of high-density and high computing power requirements.

Li Chengwei

Chief Architect of Lite On Precision

Senior experts from global CPU leaders focus on CPU value reconstruction in the era of Agentic AI for sharing. He stated that the AI industry has shifted from the GPU dominated training era to the era of intelligent agents where CPUs undertake core task orchestration. CPUs have been upgraded from auxiliary roles to key cores of AI factories, responsible for tool invocation, task scheduling, path planning, and other tasks. In most scenarios, processing time accounts for 50% -90%. With the gradual decoupling of CPUs and GPUs at the cabinet level, CPU orchestration has become the largest incremental market, and the two major camps of ARM and x86 will compete fiercely in the server CPU field. By 2030, ARM architecture is expected to occupy half of the market, while memory, as the underlying core support of AI computing power, will always be a key link in the industry chain.

At the roundtable dialogue session on "Winning the Battle at the Top of AI Coding", hosted by Lv Wei, Chief Analyst of the Computer Industry at Guolian Minsheng Securities, and attended by industry leaders such as Jin Modern and Softtek Power. The guests believe that the domestic AI Coding model has reached the international level in code understanding, but there is still a gap in the ultra long and complex context inference process. In the future, continuous breakthroughs will be needed through training data optimization and industry private domain adaptation; The landing of vertical industries requires a balance between safety, compliance, and efficiency, and AI coding needs to be deeply integrated with intelligent agents; Cloud vendors and large model vendors are showing a competitive development trend, jointly promoting rapid technological iteration. The collaboration between intelligent agents and multi-agent systems will become the core direction of AI coding and enterprise digitization.

The person in charge of AI CPU solutions at China Great Wall introduced in his speech that the company has been deeply involved in independent computing for 40 years, building a full chain independent supply system from chips, complete machines to computing power and services. It has a nationwide R&D, manufacturing and after-sales network, which can stably guarantee the security of the supply chain. The company focuses on three major solutions: intelligent computing center, cloud center, and key industries. Through heterogeneous computing power scheduling, model private domain deployment, and cloud edge collaboration capabilities, it empowers the localization and digital transformation of education, transportation, state-owned enterprises, and other fields, and continues to strengthen the strategic technological strength of the national cyberspace industry.

The person in charge of the unmanned aerial vehicle model at Daotong Technology shared the practical application of physical AI in the field of intelligent inspection. Its subsidiary Daohe Tongtai has independently developed an integrated intelligent inspection solution for open spaces, with key technologies achieving 100% autonomous controllability. It has launched three major platforms, Avant Hub, Avant AIP, and Avant Data, to create the industry's first heterogeneous intelligent agent collaboration system and inspection dedicated agent. Through multi-agent collaboration and data closed-loop, it efficiently empowers intelligent upgrades in transportation, parks, energy and other scenarios, and continuously improves business scale and ecological coverage.

In the era of AI, we are embarking on a new journey of value together. The successful holding of this mid-term investment strategy meeting not only provides an efficient platform for deep dialogue between industry and capital, but also consolidates industry consensus on crossing cycles and seizing opportunities. In the future, Guolian Minsheng Securities will continue to adhere to its professional original intention, deeply cultivate industrial research, strengthen technological empowerment, and continuously link industrial resources and capital markets with precise analysis and high-quality services. Together with guests, investors, and industry partners, we will ride on the wind of the digital economy, break through the waves of market changes, build an AI industry ecosystem, embark on a new journey of high-quality development, and win a new future for the capital market!