On January 7, Gelonghui reported that Debang Securities' Research Reports indicated that Haiguang Information (688041.SH) has its largest Shareholder as Dawning Information Industry, backed by the Institute of Computing Technology of the Chinese Academy of Sciences. Its technology originates from AMD, with products including high-end general-purpose processor CPUs and co-processors DCUs, applicable to Servers, workstations, and other computing and storage devices. The company continues to advance its research and development, now following a path of independent iteration, with successful development of the Haiguang 5 CPU and Deep Computing 3 DCU. Bullish on the company's new generation DCU represented by Deep Computing 3, which is expected to see significant deployments among Internet Plus-Related customers. Generative AI will drive strong supply and demand for domestic GPUs in 2025. The company's DCUs have ecological compatibility advantages, promising unexpected volume in commercial markets such as Internet Plus-Related. The firm believes the clear improvement in the upstream supply for the company, along with increased inventory, represents the company's optimistic outlook for future demand. Maintain a 'Buy' rating.