Group 1 - The Hang Seng Index Company announced the renaming of the Hang Seng Hong Kong Stock Connect Software and Semiconductor Index to the Hang Seng Hong Kong Stock Connect Software Theme Index, with an updated calculation method [1] - The number of constituent stocks will be fixed at 40, with the addition of four stocks: Yu Wen Group (00772), Qutoutiao (00917), Meitu (01357), and Hylink Technology (01860) [1] - Several stocks, including ASMPT (00522), SMIC (00981), and Hua Hong Semiconductor (01347), will be removed from the index, effective December 16, 2025 [1] Group 2 - The updated calculation method will include changes to the index objectives, stock selection criteria, industry requirements, and constituent stock selection methods [1] - New thematic requirements, buffer zones, and rapid inclusion rules will be introduced as part of the index update [1]

吴欣鸿介绍，美图单个AI创新工作室人数不超过10人，更偏向全能型人才，以半年为时限，充分授权 员工进行产品开发，公司会像风险投资一样给到1000万元的基础预算，并视项目实际需要酌情加大投 入；同时，公司提供整个中后台能力供项目团队调用，团队自主负责产品的定义、美学的把握、整个项 目和工程的管理等；此外，团队成员可获得对应的分红激励。 吴欣鸿透露，为应对AI时代的挑战，美图主动进行组织变革，希望2000多人的团队可以变成一个个小 组织，"未来我们最激烈的竞争不一定是跟大厂，反倒是跟一些新锐的创业团队，所以得提前以他们的 效率为标准去尽量对齐。" 吴欣鸿认为，当下美图需要提升组织效率和能力，"效率是对标敏捷的创业公司，能力是让每个人都能 成为超级个体。"为此，美图对标当下AI创业团队，内部推出了AI创新工作室机制。 12月11日，近日，美图公司CEO吴欣鸿在媒体对话中透露，美图正从中型公司重回创业团队，打造AI 创新工作室进行内部"赛马"，每个工作室不超过10人，可申请1000万元基础资金，以半年为期进行产品 创新。 ...

Core Viewpoint - The Hong Kong Stock Exchange has launched the Hong Kong Stock Exchange Technology 100 Index, which tracks the performance of the 100 largest technology companies listed on the exchange [1] Group 1: Index Overview - The Hong Kong Stock Exchange Technology 100 Index is the first index of its kind for Hong Kong stocks, focusing on major technology firms [1] - The index covers six major innovation themes: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] Group 2: Constituent Stocks - Initial constituent stocks of the Technology 100 Index include major companies such as Tencent Holdings, Alibaba, Xiaomi Group, and Meitu [1] - The index features a rapid inclusion mechanism, allowing newly listed companies that meet specific criteria to be added outside the regular review cycle after being included in the Hong Kong Stock Connect trading [1]

经济观察网12月9日，香港交易所宣布推出香港交易所科技100指数(港交所科技100)，港交所科技100是 首只港股指数。港交所科技100是一个宽基股票指数，追踪100家在香港交易所上市的市值最大的科技公 司的表现。港交所官网显示，腾讯控股、阿里巴巴、小米集团、美团、京东集团等互联网与科技龙头， 美图公司、易鑫集团等新兴科技企业入选指数。 ...

Core Viewpoint - The Hong Kong Stock Exchange has launched the Technology 100 Index, which includes Meitu Inc. as a representative of AI applications in Hong Kong stocks [1] Group 1: Index Overview - The Technology 100 Index is the first index launched by the Hong Kong Stock Exchange, tracking the performance of the 100 largest technology companies listed on the exchange [1] - To be included in the index, companies must have an average daily trading volume of at least 20 million HKD over the past six months and either invest more than 3% of their revenue in R&D or achieve a revenue growth of over 5% in the past two years [1] Group 2: Sector Coverage - The index covers six major themes in technology and innovation: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] Group 3: Company Spotlight - Meitu Inc. has gained significant attention in the capital markets this year, receiving "buy" ratings from major international banks such as Morgan Stanley and UBS [1] - Other notable companies included in the index are Tencent Holdings, Alibaba Group, and Xiaomi Group [1]

经营范围含许可项目：互联网信息服务。（依法须经批准的项目，经相关部门批准后方可开展经营活 动，具体经营项目以相关部门批准文件或许可证件为准）技术服务、技术开发、技术咨询、技术交流、 技术转让、技术推广；广告设计、代理；广告制作；广告发布；会议及展览服务；专业设计服务；工业 设计服务；版权代理。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 企业名称厦门站酷信息技术有限公司法定代表人陈翠娥注册资本1000万人民币国标行业信息传输、软件 和信息技术服务业>软件和信息技术服务业>软件开发地址厦门火炬高新区软件园一期曾厝垵北路3号科 汇楼402室-A1088企业类型有限责任公司(自然人投资或控股的法人独资)营业期限2025-12-9至无固定期 限 天眼查显示，近日，厦门站酷信息技术有限公司成立，法定代表人为陈翠娥，注册资本1000万人民币， 由厦门美图网科技有限公司全资持股。 序号股东名称持股比例1厦门美图网科技有限公司100% 来源：市场资讯 ...

Core Viewpoint - The Hong Kong Stock Exchange has launched the Technology 100 Index, which includes Meitu Inc. as a representative of AI applications in Hong Kong stocks [1] Group 1: Index Overview - The Technology 100 Index is the first index launched by the Hong Kong Stock Exchange, tracking the performance of the 100 largest technology companies listed on the exchange [1] - To be included in the index, companies must have an average daily trading volume of at least 20 million HKD over the past six months and either invest more than 3% of their revenue in R&D or achieve a revenue growth of over 5% in the past two years [1] Group 2: Industry Coverage - The index covers six major themes in technology and innovation: artificial intelligence, biotechnology and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics [1] Group 3: Company Spotlight - Meitu Inc. has gained significant attention in the capital markets this year, receiving "buy" ratings from major international banks such as Morgan Stanley and UBS [1] - Other notable companies included in the index are Tencent Holdings, Alibaba Group, and Xiaomi Corporation [1]

Core Insights - Meitu has launched and upgraded its AI design tools, including Meitu Design Studio and AI assistant RoboNeo, focusing on professional poster design functionalities [1][2] - The AI poster feature allows users to generate complete posters by uploading product images, addressing the high demands of e-commerce for accurate promotional images [1][2] - The size extension feature enables one-click conversion of posters to various resolutions, catering to different marketing needs across platforms [1][2] - The layer splitting function intelligently separates background, main subject, title, and decorative elements, resolving the previous issue of non-editable AI-generated images [1][2] - A company representative stated that with the continuous upgrade of generative AI, Meitu aims to create efficient AI tools based on its long-term AI technology reserves and aesthetic insights, reducing the barriers for visual content production in e-commerce and design [1][2]

Investment Rating - The report maintains a "Recommendation" rating for the media industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [2][40]. Core Views - The media sector is anticipated to experience a rebound, particularly in gaming and AI applications, with significant growth potential in these areas. The report emphasizes the importance of both sharpness and allocation in the current market environment [3][6]. - The gaming market is highlighted as entering a favorable valuation zone, with specific companies like Giant Network and Century Huatong recommended for investment [6][16]. - The film market is recovering, with the total box office reaching approximately 437.06 billion yuan, which is about 78% of the 2019 level, indicating a strong recovery trajectory [19][20]. Market Performance Review - The media sector index fell by 3.86% last week, underperforming the CSI 300 index, which rose by 1.28%, resulting in a relative underperformance of 5.14% [9][10]. - The total market capitalization of the media sector is approximately 19,595.28 billion yuan, with a circulating market value of 17,850.96 billion yuan [3]. Gaming Market Insights - Tencent's products dominate the iOS gaming market, with titles like "Peace Elite" and "Love and Deep Space" performing strongly [16]. - Upcoming game releases include "Rust" and "PUBG: BLACK BUDGET," which are expected to generate significant interest [18]. Film Market Overview - The film "Zootopia 2" has achieved a box office of nearly 23 billion yuan within six days, with projections suggesting it could help the total annual box office exceed 500 billion yuan [27]. - The total box office for the year has reached 437.06 billion yuan, with a recovery rate of approximately 78% compared to 2019 [19][22]. Important News and Company Announcements - The establishment of the first micro-short drama export base in Shanghai marks a significant development in the media industry [27]. - Tencent's Magic Cube Studio celebrated its 15th anniversary, announcing major updates for several IP titles, indicating ongoing innovation in the gaming sector [28].

来源：格隆汇APP 格隆汇12月8日丨根据联交所最新权益披露资料显示，2025年12月2日，美图公司(01357.HK)获JPMorgan Chase & Co.以每股均价7.7128港元增持好仓599.72万股，涉资约4625.52万港元。 增持后，JPMorgan Chase & Co.最新持好仓数目为232,775,864股，持好仓比例由4.96%上升至5.09%。 | 股份代號: | 01357 | | --- | --- | | 上市法國名稱: | 美图公司 | | 日期(日/月/年): | 08/11/2025 - 08/12/2025 | | 爱情感影 | 文研制度申博里行较人员名 申博民族的 NY人就出成修及的 申发的平均 | | | | | 於其國國際發展的設計為國際國家教學國教學院學院學。因義學院就讀題國 | | --- | --- | --- | --- | --- | --- | --- | | | | FIGH | 成分彩官 | | ( ( ) | 第三章 (日)日/日) 福昌 | | | | | | | | 19 12 11 11 | | CS20251205E00155 | UP ...