According to the Zhitong Finance APP, Minsheng Securities released a research report stating that DeepSeek's emergence has accelerated the domestic AI implementation process. Recently, Shenzhen launched the &#34;AI + Government Assistant,&#34; significantly improving government work efficiency, which has also attracted widespread social attention. China's government information technology market has vast potential, encompassing numerous specialized vertical fields such as procurement, finance, taxation, and justice, while linking B-end and C-end users. The efficiency improvement and cost reduction brought by AI empowerment are considerable. Additionally, the construction of the government information technology system is mostly driven from the top down. Under the wave of embracing AI throughout the year, AI + government is expected to land more quickly.
<h2>The main points of Minsheng Securities are as follows:</h2>
Shenzhen's launch of &#34;AI + Government Assistant&#34; has sparked heated discussions, with many regions initiating AI government projects.
On February 16, Shenzhen officially provided DeepSeek model application services to all districts and departments based on the government cloud environment. The launch of the &#34;AI + Assistant&#34; in the Futian District of Shenzhen has attracted widespread attention. Currently, Futian District has launched 11 categories of 70 &#34;digital employees.&#34; The &#34;AI digital employees&#34; currently play an auxiliary role, used in document writing, government services, community governance, emergency management, investment promotion, and other areas, covering 240 scenarios across 11 categories. The overall efficiency has improved by at least 20% under human-machine collaboration. Not only in Shenzhen, but government IT systems across the country have also announced their integration with DeepSeek to enhance government office efficiency.
Government IT includes multiple vertical scenarios, and AI empowerment achieves cost reduction and efficiency improvement.
1) AI + Procurement: In 2023, China's total public procurement transaction volume exceeded 46 trillion yuan. The procurement business primarily adopts a SaaS charging model, and AI empowerment can enhance efficiency in the procurement process, achieving cost reduction and efficiency improvement.
2) AI + Finance: China's financial system involves numerous financial units, budget units, and over 20 trillion yuan in annual fiscal expenditure. Many stages in the flow of fiscal funds are suitable for AI implementation. The financial IT leaders Boss Soft and CTJ have both integrated DeepSeek, applying AI comprehensively in the financial information system, achieving implementation in fiscal budget management, non-tax invoice management, and government procurement processes.
3) AI + Taxation: With the nationwide promotion of the Golden Tax Phase IV electronic invoice, under the background of &#34;data-driven taxation,&#34; the market penetration and popularity of digital products related to enterprise financial and tax practices, as well as tax risk and compliance services, will significantly increase. The tax SaaS leader SERVYOU has launched its self-developed AI large model &#34;Lingxi,&#34; accelerating the application of AI in tax compliance and other fields.
AI enhances efficiency in government office work.
Government IT involves numerous office scenarios (12345 hotline, social security, housing fund, etc.). Through AI assistance, there is hope for a significant increase in office efficiency. The intelligent government assistant &#34;Shen Xiao i,&#34; developed by New Point Software, allows the public to obtain precise guidance through everyday conversational inquiries. This system has integrated an intelligent knowledge base in six high-frequency areas of people's livelihood, such as enterprise registration, social security, and household registration. Actual operation data shows that the platform's single-response accuracy rate in government service consultation scenarios reaches 90%, with processing efficiency significantly superior to traditional manual models
Target Aspects
It is recommended to pay attention to: 1) AI + Government Affairs Industry Chain: New Point Software (688232.SH), Digital Zhengtong (300075.SZ), Boss Soft (300525.SZ), SERVYOU (603171.SH), CTJ (301153.SZ), Nanwei Software (603636.SH); 2) Government Cloud and Integrated Machine Industry Chain: iFLYTEK (002230.SZ), iSoftStone (301236.SZ), Sangfor (300454.SZ), CloudWalk Technology (688327.SH), Inspur Information (000977.SZ), Qilin Xin'an (688152.SH), Tianji Technology (300245.SZ), etc.; 3) AI + Judiciary: Huayu Software (300271.SZ), Jinqiao Information (603918.SH), etc.
Risk Warning
The progress of AI implementation is not as expected; industry competition intensifies; changes in regulatory policies

301153

603171

DPSK

300525

301236

Minsheng Securities released a research report indicating that the construction of the government informationization system will accelerate under the AI wave. The "AI + Government Assistant" launched in Shenzhen has significantly improved the efficiency of government work, with Futian District having already deployed 70 "digital employees," increasing overall efficiency by more than 20%. Government IT systems across the country are connecting to DeepSeek, with AI empowerment achieving cost savings in areas such as procurement, finance, and taxation, presenting a vast market space

Zhitong

SERVYOU

DeepSeek

Boss Soft

iSoftStone

Thunisoft

EPOINT

Linewell

SANGFOR

SHGBIT

eGOVA

IFLYTEK

IEIT

CLOUDWALK

Shanghai DragonNet Technology Co.,Ltd.

Minsheng Securities: The construction of the government informationization system from top to bottom, AI + government is expected to land more quickly