CITIC Securities: AI4S is at a critical inflection point in its leap toward "industrial-scale output"; recommends a tiered layout around four major application-layer scenarios.

CITIC Securities noted that AI4S is at a critical inflection point, transitioning from "platform-based reconstruction" to "industrial-scale output." It recommends a tiered approach centered on four major application-layer scenarios: 1. Micro-scale biology: recommend focusing on leading AI pharmaceutical companies that already have clinical data validation capabilities; 2. Meso-scale materials: recommend focusing on physical enterprises that use AI4S to empower materials R&D; 3. Macro-scale physics: recommend focusing on the application and implementation of AI4S in the field of industrial simulation; 4. Infrastructure: recommend focusing on the continued expansion of relevant enterprises in the areas of self-driving laboratories and research platform construction.