Hainan Province has released its 15th Five-Year Plan for the development of high-tech industries, placing significant emphasis on artificial intelligence, computing power, and semiconductors.
The plan, issued by the Hainan Provincial People's Government, outlines a strategy to accelerate the development of an integrated electronic information manufacturing ecosystem. This ecosystem aims to be driven by chip design, achieve breakthroughs in advanced packaging and testing, and extend into maintenance and manufacturing.
Furthermore, the plan seeks to foster industries that combine cross-border data flows with artificial intelligence, leveraging unique application scenarios.
To deepen the integration of "AI+" and promote the fusion of technological and industrial innovation, the plan specifies three key tasks.
Establishing an AI Empowerment Foundation
The first task involves supporting enterprises in building comprehensive intelligent computing operation and service platforms. These platforms will integrate computing power supply, technological innovation, and service optimization. The goal is to help major large-model companies in key sectors grow within Hainan, initiate a series of "AI+" projects, and nurture a group of specialized, high-quality intelligent native application developers and AI service providers.
Creating Distinctive Application Scenarios
The second task focuses on developing demonstration projects in Hainan's characteristic industries, such as commercial aerospace, deep-sea technology, seed breeding in the southern region, and the low-altitude economy. The plan calls for a systematic approach to integrating AI with these industrial sectors.
Promoting Application in Key Industries
The third task is to deepen the application of "AI+" in critical sectors including healthcare, consumer tourism, and transportation logistics, thereby accelerating high-quality industry development empowered by AI.
In a related development, the National Data Administration released an implementation plan on June 8th to advance the construction of high-quality industry datasets. This move represents the first major data-level empowerment initiative following the national systematic deployment for AI development.
On the corporate front, several companies in the AI supply chain are progressing with their listing plans. According to announcements from the Shanghai and Shenzhen stock exchanges on June 8th, Shanghai Enflame Technology Co., Ltd. and YueXin Semiconductor Technology Co., Ltd. are scheduled for listing review hearings on June 15th, targeting listings on the STAR Market and ChiNext board, respectively.
Enflame Technology has built a full-stack computing power product system covering AI accelerator cards, modules, and intelligent computing clusters, centered on its self-developed cloud AI chips. The company's proprietary AI computing and programming software platform enables hardware-software co-optimization, providing a high-performance domestic computing foundation for cloud training, inference, and general AI applications. Its IPO aims to raise 6 billion yuan.
YueXin Semiconductor's core business is providing 12-inch wafer foundry services and specialized process solutions for chip design companies globally. Its IPO is expected to raise 7.5 billion yuan, with funds directed towards projects including a 12-inch analog specialty process production line and R&D for compute-in-memory chips and silicon photonics technology.
Turning to the market, A-shares staged a rebound on June 9th, with the three major indices recovering from the previous session's losses.
Within the market, the semiconductor industry chain showed strength. Semiconductor equipment stocks were active, with L&K Engineering(Suzhou)Co.,Ltd. (ASX: 603929) hitting its second consecutive daily limit-up, while Kunshan Kinglai Hygienic Materials Co.,Ltd. (ASX: 300260) also reached the limit-up. Analog chip concepts gained, with Joulwatt Technology Co.,Ltd. (ASX: 688141) surging 20% to its limit-up. Semiconductor wafer concepts rose rapidly, with National Silicon Industry Group Co.,Ltd. (ASX: 688126) also jumping 20% to its limit-up.
Analysts provided their perspectives on the current market dynamics. Industrial Securities noted that recent external volatility does not alter the market's underlying focus on fundamentals and profitability this year, and may instead increase the emphasis on corporate earnings. Currently, technology growth sectors represented by AI remain areas with strong earnings visibility and sustained momentum.
Caixin Securities believes that despite potential short-term fluctuations, the positive global trend for the AI industry remains intact, with earnings in the tech sector still providing support. Looking at the medium term, the market in June faces multiple factors including a wave of tech giant listings, uncertainty around U.S. Federal Reserve interest rates, and mid-year capital assessments, which could temporarily pressure liquidity and sentiment for AI-related tech stocks. However, the high-growth trend of the AI industry continues. As overseas tech giants begin reporting their half-year results from mid-July through August, the pricing logic for the AI tech sector is expected to return to a focus on fundamentals and earnings drivers.
China Merchants Securities added that against the backdrop of rapid AI development and overseas technological constraints, the semiconductor chip industry is benefiting from both expanding AI capital expenditures and ongoing domestic policy support. Represented by three key directions—memory, domestic computing power chips, and equipment materials/components—the industry chain's momentum continues to strengthen, with sector revenue and profits gradually entering a realization phase.
Comments