从二十大报告看信创打印机和CPU的发展机遇
<div id="article_content_3242_1619061972"><section style="margin: 0px;padding: 0px;font-style: normal;font-variant-ligatures: normal;font-variant-caps: normal;font-weight: 400;orphans: 2;text-indent: 0px;text-transform: none;white-space: normal;widows: 2;word-spacing: 0px;-webkit-text-stroke-width: 0px;caret-color: rgba(0, 0, 0, 0);text-decoration-thickness: initial;text-decoration-style: initial;text-decoration-color: initial;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.544px;text-align: left;background-color: rgb(255, 255, 255);font-size: 16px;visibility: visible;overflow-wrap: break-word !important;"><section style="margin: 0px;padding: 0px;outline: 0px;max-width: 100%;box-sizing: border-box;text-align: justify;visibility: visible;line-height: 1.5em;overflow-wrap: break-word !important;"><section style="margin: 0px;padding: 19px;outline: 0px;max-width: 100%;box-sizing: border-box;display: inline-block;width: 677px;vertical-align: top;background-color: rgb(241, 242, 249);border-left: 3px solid rgb(0, 55, 129);border-bottom-left-radius: 0px;visibility: visible;overflow-wrap: break-word !important;"><section style="margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box; text-align: center; justify-content: center; overflow-wrap: break-word !important; visibility: visible;"><section style="margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box; color: rgb(89, 89, 89); text-align: justify; font-size: 14px; line-height: 1.75; letter-spacing: 2px; font-family: Optima-Regular, PingFangTC-light; overflow-wrap: break-word !important; visibility: visible;"><p style="margin: 0px; padding: 0px; clear: both; min-height: 1em; outline: 0px; max-width: 100%; box-sizing: border-box; overflow-wrap: break-word !important; visibility: visible;"><strong style="margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;">编者按：</strong>在国家推动信创产业发展的背景下，国产IT基础设施迎来发展新机遇。从PC到服务器和打印机等外设都有望迎来国产化机遇，国产激光打印机需求有望大幅增长。</p></section></section></section></section></section><p></p><section style="margin: 8px; padding: 0px; outline: 0px; max-width: 100%; height: 1px; background-color: rgb(15, 78, 140); box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;"><br style="visibility: visible;"></section><section style="margin: 8px; padding: 0px; outline: 0px; max-width: 100%; height: 3px; background-color: rgb(15, 78, 140); box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;"><br style="visibility: visible;"></section><section style="margin: 8px; padding: 0px; color: rgb(160, 160, 160); font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 0.544px; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; caret-color: rgb(51, 51, 51); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; outline: 0px; max-width: 100%; background-color: rgb(255, 255, 255); min-height: 1em; line-height: normal; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;"><span style="margin: 0px; padding: 0px; font-size: 12px; visibility: visible;">来自｜信创纵横公众号（ID：xinchuangzh）</span></section><p></p><section data-support="96编辑器" data-style-id="41293" data-color="rgb(5, 29, 159)" style="margin-bottom: unset;outline: 0px;max-width: 100%;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><section style="margin: 16px 16px 24px;outline: 0px;max-width: 100%;text-align: center;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><section style="outline: 0px;max-width: 100%;display: inline-block;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><section style="padding: 1px 20px 6px 1px;outline: 0px;max-width: 100%;box-sizing: border-box;border-width: 1px;border-style: solid;border-color: rgb(5, 29, 159);visibility: visible;overflow-wrap: break-word !important;"><section style="margin-left: 20px;outline: 0px;max-width: 100%;font-size: 16px;color: rgb(5, 29, 159);letter-spacing: 2px;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;font-size: 17px;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;">国家政策持续出台</strong></span></p><p style="outline: 0px;max-width: 100%;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;font-size: 17px;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;">为信创发展保驾护航</strong></span></p></section></section><section style="margin-top: -22px;margin-right: -2px;margin-left: auto;outline: 0px;max-width: 100%;width: 27px;visibility: visible;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br></section></section></section></section><p></p><section><strong><span style="font-size: 16px;">二十大报告强调安全的重要性，信创产业与安全紧密相关。</span></strong><span style="font-size: 16px;">国家高度重视信创产品发展，持续加强顶层设计。国家鼓励以安全可靠为核心构建创新生态，以工程建设促进信息技术创新应用。信创政策主要强调坚持关键技术自主可控原则，在关键平台、关键组件以及关键信息基础设施上形成自主研发能力，降低外部依赖、避免单一依赖，尤其强调关键信息基础设施的安全，软件、硬件、应用和服务的一体化适配。</span><span style="font-family: Calibri;letter-spacing: 0.544px;text-indent: 0pt;font-size: 16px;">政策出台节奏加快，从党政与金融业出发，逐步构建全国一体化的信息技术应用创新体系。自2021年以来，与信创相</span><span style="text-indent: 0pt;outline: 0px;max-width: 100%;font-family: 微软雅黑;visibility: visible;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;">关的政策颁布与实施的脚步加快，尤其自2021年末以来政策数量显著增多。</span></section><p></p><p><br></p><p><span style="font-size: 16px;">在对象上，除了整体性和国家政务、央企之外，还涉及了教育、气象、尤其是金融领域银行保险业的信息技术应用创新，此外还推动了乡村数字发展以及全国一体化大数据中心的构建，由中央推向地方，由城镇推向乡村，由金融业推向其他行业。此外政策在推行力度上不断加大，在细则上也不断明确。</span><br></p><p><br></p><p style="margin-bottom: 0px;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;white-space: normal;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.544px;color: rgb(63, 130, 247);caret-color: red;font-size: 50px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><em style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">1 </em></strong><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">信创分梯队发展，</strong></span></strong></span></p><p style="margin-bottom: 0px;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;white-space: normal;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">国产打印机、PC迎新机遇</strong></span></strong></span></p><p style="margin-bottom: 0px;"><br></p><p></p><section><span style="font-size: 16px;">CPU市场主要分为三类：政务及重点行业市场、企业级市场以及消费级市场，它们的需求特点各异。目前政府市场是国产CPU应用最为广泛的市场。</span></section><section data-support="96编辑器" data-style-id="41542" style="margin-bottom: unset;outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><section style="margin: 16px;padding-top: 13px;outline: 0px;max-width: 100%;box-sizing: border-box;overflow-wrap: break-word !important;"><section style="margin-top: 15px;padding-bottom: 15px;outline: 0px;max-width: 100%;box-sizing: border-box;display: flex;justify-content: center;align-items: flex-start;border-bottom: 1px solid rgb(55, 74, 174);overflow-wrap: break-word !important;"><section data-width="15%" style="margin-top: 5px;outline: 0px;max-width: 100%;width: 96.75px;box-sizing: border-box !important;overflow-wrap: break-word !important;text-align: justify;"><section style="padding: 1px 6px;outline: 0px;max-width: 100%;box-sizing: border-box;background-color: rgb(55, 74, 174);display: inline-block;overflow-wrap: break-word !important;"><section style="outline: 0px;max-width: 100%;font-size: 16px;color: rgb(254, 254, 254);letter-spacing: 1px;text-align: center;line-height: 31px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="font-size: 16px;"><strong data-form="0" data-num="1" style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">01</strong></span><span style="font-size: 15px;"><strong data-form="0" data-num="1" style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"></strong></span></p></section></section></section><section data-width="85%" style="outline: 0px;max-width: 100%;width: 548.25px;font-size: 14px;letter-spacing: 2px;line-height: 1.75;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;text-align: justify;"><span style="outline: 0px;max-width: 100%;font-family: 微软雅黑;font-size: 15px;box-sizing: border-box !important;overflow-wrap: break-word !important;">政务及重点行业市场，对安全性和定制化的要求远高于消费级市场，同时对产业生态的要求相对较低，与国产CPU当前的发展现状非常契合，所以此板块是近期国产CPU的核心市场。目前基于国产CPU的信息产品在电子政务领域已经得到批量应用。</span></p></section></section><section style="margin-top: 15px;padding-bottom: 15px;outline: 0px;max-width: 100%;box-sizing: border-box;display: flex;justify-content: center;align-items: flex-start;border-bottom: 1px solid rgb(55, 74, 174);overflow-wrap: break-word !important;"><section data-width="15%" style="margin-top: 5px;outline: 0px;max-width: 100%;width: 96.75px;box-sizing: border-box !important;overflow-wrap: break-word !important;text-align: justify;"><section style="padding: 1px 6px;outline: 0px;max-width: 100%;box-sizing: border-box;background-color: rgb(55, 74, 174);display: inline-block;overflow-wrap: break-word !important;"><section style="outline: 0px;max-width: 100%;font-size: 16px;color: rgb(254, 254, 254);letter-spacing: 1px;text-align: center;line-height: 31px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="font-size: 16px;"><strong data-form="0" data-num="2" style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">02</strong></span></p></section></section></section><section data-width="85%" style="outline: 0px;max-width: 100%;width: 548.25px;font-size: 14px;letter-spacing: 2px;line-height: 1.75;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;text-align: justify;"><span style="outline: 0px;max-width: 100%;font-family: 微软雅黑;font-size: 15px;box-sizing: border-box !important;overflow-wrap: break-word !important;">企业级市场对产业生态的要求高于政务但低于消费级市场，此板块是国产CPU未来重要的增量（更多实时纪要加微信：aileesir）市场。</span></p></section></section></section></section><section data-support="96编辑器" data-style-id="41542" style="margin-bottom: unset;outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><section style="margin: 16px;padding-top: 13px;outline: 0px;max-width: 100%;box-sizing: border-box;overflow-wrap: break-word !important;"><section style="margin-top: 15px;padding-bottom: 15px;outline: 0px;max-width: 100%;box-sizing: border-box;display: flex;justify-content: center;align-items: flex-start;border-bottom: 1px solid rgb(55, 74, 174);overflow-wrap: break-word !important;"><section data-width="15%" style="margin-top: 5px;outline: 0px;max-width: 100%;width: 96.75px;box-sizing: border-box !important;overflow-wrap: break-word !important;text-align: justify;"><section style="padding: 1px 6px;outline: 0px;max-width: 100%;box-sizing: border-box;background-color: rgb(55, 74, 174);display: inline-block;overflow-wrap: break-word !important;"><section style="outline: 0px;max-width: 100%;font-size: 16px;color: rgb(254, 254, 254);letter-spacing: 1px;text-align: center;line-height: 31px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="font-size: 16px;"><strong data-form="0" data-num="2" style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">03</strong></span><span style="font-size: 15px;"><strong data-form="0" data-num="2" style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;"></strong></span></p></section></section></section><section data-width="85%" style="outline: 0px;max-width: 100%;width: 548.25px;font-size: 14px;letter-spacing: 2px;line-height: 1.75;box-sizing: border-box !important;overflow-wrap: break-word !important;"><p style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;text-align: justify;"><span style="outline: 0px;max-width: 100%;font-family: 微软雅黑;font-size: 15px;box-sizing: border-box !important;overflow-wrap: break-word !important;">消费级市场对产业生态的要求最高，对性价比较为敏感，迭代周期短，是国产CPU长期需突破的目标市场，尤其是在桌面CPU生态方面还有较大的差距，还需要重点弥补。</span></p></section></section></section></section><p></p><p><br></p><p style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.544px;color: rgb(63, 130, 247);caret-color: red;font-size: 50px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><em style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">2 </em></strong><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">信创产业发展背景下，</strong></span></strong></span></p><p style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">国产激光打印机需求有望大幅增长</strong></span></strong></span></p><p></p><section style="margin: 24px 16px;outline: 0px;max-width: 100%;letter-spacing: 0.544px;text-indent: 0pt;font-size: 10.5pt;font-family: Calibri;line-height: 1.6em;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br></section><section><span style="font-size: 16px;">在国家推动信创产业发展的背景下，国产IT基础设施迎来发展新机遇。从PC到服务器和打印机等外设都有望迎来国产化机遇，国产激光打印机需求有望大幅增长，中国掌握打印机核心技术的龙头公司纳思达有望持有受益。</span></section><p></p><p></p><section><span style="font-size: 16px;">根据IDC数据，2021年中国激光打印机出货量942万台，激光打印机寿命一般在5年左右，加总2017-2021年的5年累计出货量推算中国激光打印机市场现有存量大概在4500万台。</span></section><p></p><section><span style="font-size: 16px;">信创产业先期主要在“2+8”党政以及金融、石油、电力、电信、交通、航空航天、医疗、教育八大行业普及产品服务和解决方案，并将向其他行业渗透。党政电子公文系统的自主可控已经历试点到推广，电子政务的信创也有序展开。目前信创行业渗透率大致分为三梯队：第一梯队为党政，第二梯队为金融、电信、电力、交通、石油、航空航天，第三梯队为教育、医疗。</span></section><p></p><p></p><p><span style="font-size: 16px;"><strong>政府系统人数约3000万（不包含教育、卫生系统），</strong>根据华经产业研究院，政府系统在中国激光打印机下游应用中占比约25%，我们估算政府系统的保有量约为1,125万台，人均保有量约为0.37台。</span><br></p><p><br></p><section style=""><span style="font-size: 16px;">根据国家统计局数据，金融、电信等重要行业国有企业人数约4,455万人，根据华经产业研究院，重要行业在激光打印机的份额约为40%，对应打印机保有量1,800万台，人均保有量为0.4台，高于政府的0.37。</span></section><p></p><section style=""><span style="font-size: 16px;">扣除前文推算的政府及重要行业的激光打印机合计保有量2,925万台，剩余行业和消费市场还有约1,600万台的激光打印机保有量，在通常状况下，这些行业和消费市场的信创替换需求可能弱于上述政府及重要行业。</span></section><section style=""><span style="font-size: 16px;">此外，4,500万台激光打印机年消耗硒鼓耗材数千万个，也给相关厂商带来巨大需求。</span></section><section style="margin: 24px 16px;outline: 0px;max-width: 100%;letter-spacing: 0.544px;text-indent: 0pt;font-size: 10.5pt;font-family: Calibri;line-height: 1.6em;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;font-family: 微软雅黑;letter-spacing: normal;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br></span></section><p></p><p style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.544px;color: rgb(63, 130, 247);caret-color: red;font-size: 50px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><em style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">3 </em></strong><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">信创终端市场的放量需求，</strong></span></strong></span></p><p style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">带来国产CPU芯片替代空间</strong></span></strong></span></p><p></p><section style="margin: 24px 16px;outline: 0px;max-width: 100%;letter-spacing: 0.544px;text-indent: 0pt;font-size: 10.5pt;font-family: Calibri;visibility: visible;line-height: 1.6em;box-sizing: border-box !important;overflow-wrap: break-word !important;"><br></section><section><span style="font-size: 16px;">下沉至区县乡镇一层的党政机关、事业单位、重要行业以及央国企是信创桌面终端的主要市场，给桌面端CPU芯片带来数百亿元替代空间。根据国家统计局数据，推断我国2020年政府及重要行业的国有企业就业人数在7487万人，根据统计局公布数据，2018年规上企业个人电脑人均保有量约0.29台，考虑到政府和一些重要行业存在内网机需求，则假设个人电脑人均保有量大约在0.29-0.58之间，则政府及重要行业国有企业约有个人电脑数量需求约2171-4342万台。每台个人电脑通常配有一颗CPU，根据海光信息，每颗个人电脑CPU芯片价格在1000元左右，个人电脑CPU市场空间约为217-434亿元左右。</span></section><p></p><p></p><p><span style="font-size: 16px;">现存的几个主流指令集：X86为主流的复杂指令集，在计算机市场应用广泛，但授权费较高、自主程度相对较低。精简指令集中ARM应用最为广泛，生态较为完善，但未开源，仍具备一定供应链风险以及需要支付授权费用，MIPS、RISC-V和Power也是精简指令集，且均已经开源，在授权费用方面能够节省一大笔开销，且在自定义指令实现方面具备较高的自由度，但生态不完善。</span><br></p><p><br></p><p><br></p><p style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.544px;color: rgb(63, 130, 247);caret-color: red;font-size: 50px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><em style="outline: 0px;max-width: 100%;box-sizing: border-box !important;overflow-wrap: break-word !important;">4 </em></strong><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">信息安全自主可控，</strong></span></strong></span></p><p style="margin-bottom: 0px;white-space: normal;outline: 0px;max-width: 100%;box-sizing: border-box;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;letter-spacing: 0.5px;font-size: 15px;background-color: rgb(255, 255, 255);overflow-wrap: break-word !important;"><span style="color: rgb(0, 0, 0);"><strong style="outline: 0px;max-width: 100%;font-size: 16px;box-sizing: border-box !important;overflow-wrap: break-word !important;"><span style="outline: 0px;max-width: 100%;line-height: 24px;font-family: 宋体;box-sizing: border-box !important;overflow-wrap: break-word !important;"><strong style="outline: 0px;max-width: 100%;text-align: center;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 18px;letter-spacing: 1.5px;color: rgb(63, 130, 247);caret-color: red;box-sizing: border-box !important;overflow-wrap: break-word !important;">必将加速打印机国产化进程</strong></span></strong></span></p><p style="text-align: center;margin-bottom: 0em;"><br></p><p style="text-align: center;margin-bottom: 0em;"><br></p><p><span style="font-size: 16px;">随着国家对数据安全越来越重视，打印机作为现代办公不可或缺的信息输出设备，打印安全在信息安全领域重要性也变得越来越高。</span></p><p><span style="font-size: 16px;">国家相关部门先后发布政策，部署发展核心软硬件产品自主创新、加强网络与信息安全。2021年3月，《“十四五规划”与2035年远景纲要》提出，要依托龙头企业，加大重要产品和关键核心技术攻关力度。2022年1月，《“十四五”推进国家政务信息化规划》中再次重申网络安全、信息安全的重要性。</span></p><p><span style="font-size: 16px;">党的二十大报告，更是首次把国家安全作为报告的独立一部分作了前所未有的系统阐述，对党和政府在当前统筹好发展和安全两件大事，构建现代化的国家安全体系，增强现代化的维护国家安全能力，有效保障国家安全和社会稳定，具有重要指导作用。</span></p><p><span style="font-size: 16px;">在信创政策的支持下，相信会有越来越多国产品牌入局打印机市场，在金融、能源、电力、交通、教育、卫生等涉及到国计民生核心领域领域逐步推进发展，并形成完整的、有竞争力的产业体系。</span></p><p><br></p> </div>
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