| 代码 | | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 603103 | 横店影视 | 1 | 10.01 | 201亿 | 90.95 | | 300528 | 幸福監海 | 策 | 7.87 | 89.43 Z | 15.44 | | 300251 | 光线传媒 | 章 | 6.43 | 597亿 | 24.24 | | 001330 | 博纳影业 | 1 | 4.34 | 136亿 | 29.74 | | 002905 | 金逸影视 | | 3.96 | 47.42亿 | 11.50 | | 300426 | 华智数媒 | | 3.27 | 41.21亿 | 18.52 | | 300027 | 华谊兄弟 | 兼 | 3.19 | 53.83亿 | -10.60 | | 000802 | 北京文化 | 来 | 2.81 | 34.01亿 | 4.40 | | 002739 | 万达电影 | | 2.30 | 254亿 | 6.10 | | 600977 | 中国电影 | 1 | 1.85 | 329亿 | 12 ...

Investment Rating - The report maintains a "Buy" rating for several companies in the media sector, including Giant Network, Perfect World, and Kuaishou, among others [5][36]. Core Insights - The media industry showed a slight increase of 0.21% from January 26 to February 1, 2026, outperforming the Shanghai Composite Index, which decreased by 0.44% [12]. - The advertising and marketing sub-sector led the gains with an increase of 4.70%, while other segments like publishing and digital media saw declines [12]. - Significant developments in AI applications and gaming are highlighted, with Tencent's "Yuanbao" app reaching the top of the Apple App Store's free chart [2][17]. Market Performance - The media industry (Shenwan) increased by 0.21% during the specified period, while the Shanghai Composite Index decreased by 0.44% [12]. - The advertising and marketing sector led with a 4.70% increase, while publishing, digital media, gaming, and television broadcasting experienced declines of -0.75%, -1.31%, -1.94%, and -3.66% respectively [12]. Industry Key Data - AI Applications: Tencent's "Yuanbao" app achieved significant download growth, reaching 22.23 million downloads, with a notable 97.76% increase week-on-week [2][17]. - Gaming: The top five mobile games on iOS included "Honor of Kings" and "Peacekeeper Elite," with "Supernatural Action Group" surpassing 10 million daily active users [3][19]. - Film: The total box office for domestic films reached 283 million yuan, with "Zootopia 2" leading the weekly box office [28][30]. Investment Recommendations - The report emphasizes a positive outlook on AI applications and cultural exports, recommending focus on gaming, IP, short dramas, marketing, and publishing sectors [5][36]. - Specific companies highlighted for investment include Giant Network, Kuaishou, and Mango TV, among others [5][36].

开源证券发布研报称，据媒体报道，AI社交平台Moltbook成为又一个在海外火热出圈的AI应用；腾讯 (00700)旗下AI平台元宝于2月1日开启新春现金红包活动，大量用户分享红包链接至微信群等社交平 台，或推动元宝下载量大增；另外，谷歌(GOOGL.US)宣布世界模型Genie3开启公测。 另外，腾讯旗下AI平台元宝于2月1日开启新春现金红包活动，大量用户分享红包链接至微信群等社交 平台，或推动元宝下载量大增，七麦数据显示其2月1日登顶iPhone应用总榜，元宝同日还宣布"元宝 派"公测上线，用户可通过元宝APP创建或加入一个"派"，元宝AI作为派友，能够与用户聊天互动、协 作与娱乐，除了内测已有的@元宝AI对话、P图二创和共享屏幕等能力之外，公测版本还打通了腾讯视 频、QQ音乐内容生态，用户可以与派友一起听音乐、一起看电影等。 我们认为，无论是Moltbook平台上AI智能体之间的交互，还是元宝派打造的用户与AI智能体之间、用 户与用户之间的社交，或都表明大模型推理、长文本、多模态能力迭代至今，已具备较强的类人交互基 础，AI社交平台从垂直细分领域（如角色扮演游戏、情感陪伴聊天等）到通用全面社交的路径或已 ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 603103 | 横店影视 | 1 | 10.00 | 178亿 | 69.18 | | 300528 | 幸福浩海 | 1 | 7.63 | 89.39亿 | 15.39 | | 001330 | 博纳影业 | 1 | 6.88 | 141亿 | 35.00 | | 300251 | 光线传媒 | 1 | 5.27 | 604亿 | 25.70 | | 002905 | 金逸影视 | 1 | 5.19 | 48.09亿 | 13.10 | | 000892 | 欢瑞世纪 | 1 | 3.40 | 77.50亿 | 13.18 | | 600977 | 中国电影 | 来 | 3.09 | 342亿 | 16.67 | | 601595 | ┣海申影 | 张 | 2.11 | 137亿 | 6.50 | | 002739 | 万达电影 | | 1.86 | 255亿 | 6.54 | | 000802 | 北京文化 | 1 | 1.77 | 33.00亿 | ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 603103 | 横店影视 | 1 | 10.00 | 178亿 | 69.18 | | 300528 | 幸福浩海 | 1 | 7.63 | 266688 | 15.39 | | 001330 | 博纳影V | 1 | 6.88 | 141亿 | 35.00 | | 300251 | 光线传媒 | 1 | 5.27 | 604亿 | 25.70 | | 002905 | 金逸影视 | 1 | 5.19 | 48.09亿 | 13.10 | | 000892 | 欢瑞世纪 | 1 | 3.40 | 77.50亿 | 13.18 | | 600977 | 中国电影 | 张 | 3.09 | 342亿 | 16.67 | | 601595 | 上海电影 | 张 | 2.11 | 137亿 | 6.50 | | 002739 | 万达电影 | | 1.86 | 255亿 | 6.54 | | 000802 | 北京文化 | 1 | 1.77 | 33.00亿 | ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the rapid development of AI applications in social media, gaming, and marketing, with significant growth potential in user engagement and monetization opportunities [3][4] - The emergence of AI social platforms like Moltbook and Tencent's Yuanbao indicates a shift towards more interactive AI-driven social experiences, which could lead to increased user traffic and revenue generation through various channels [3] - The gaming sector is expected to benefit from advancements in AI tools, such as Genie3 and Taptap Maker, which lower the barriers for game development and enhance content diversity [4] Industry Data Overview - The report notes that "Fashion Department City" ranked first in the iOS free game chart in mainland China, while "Honor of Kings" topped the iOS revenue chart [10] - The film "Zootopia 2" achieved the highest box office revenue for the week, with a total of 4.453 billion yuan [20] - The gaming sector saw a high volume of game approvals in January, with "Supernatural Action Group" achieving over 10 million daily active users [23] Industry News Summary - Major AI models are entering a phase of intensive updates, with significant advancements in AI social, gaming, and film sectors [23] - Alibaba's Qwen3-Max-Thinking model has been released, boasting over a trillion parameters and achieving performance comparable to leading international models [24] - OpenAI launched Prism, a workspace designed for researchers, integrating various tools for collaborative scientific writing [25] - Kimi's K2.5 model supports visual understanding and code capabilities, enhancing user interaction with AI [26]

Investment Rating - The report assigns an "Overweight" rating for the industry [4] Core Insights - The media index (Shenwan) increased by 0.21%, ranking 10th among 31 industries, outperforming the CSI 300 index which rose by 0.08% [8] - The report suggests investing in vertical segments with high growth potential, recommending companies such as Wanda Film, Perfect World, and Mango Super Media [8] Summary by Sections DeepSeek Model Release and Spring Festival Film Schedule - DeepSeek launched a new document recognition model, DeepSeek-OCR2, which significantly enhances image recognition capabilities through a novel "Causal Flow" visual reasoning logic [9] - As of now, six films have been scheduled for the 2026 Spring Festival, showcasing a diverse range of genres including drama, comedy, crime, action, martial arts, and animation [15] Industry and Company News - The report highlights key developments in AI and the internet, including Alibaba's AI chip launch and Tencent's AI-powered input method [20] - In the cinema sector, the film "Star River Dream" has been officially scheduled for the 2026 Spring Festival [22] - The gaming industry is also active, with Nintendo announcing a classic game library for its Switch Online service [22] Company Performance and Recommendations - The report provides a valuation table for recommended companies, indicating their expected earnings per share (EPS) and price-to-earnings (PE) ratios for 2024 to 2026, with all recommended companies rated as "Overweight" [16][17] - Notable companies include: - Wanda Film: Market cap of 250.03 billion, PE of 19.41 for 2024 [16] - Perfect World: Market cap of 365.49 billion, PE of 44.86 for 2024 [16] - Mango Super Media: Market cap of 532.40 billion, PE of 32.36 for 2024 [16]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603103 | 横店影视 | 25.50 | 10.01% | 12.48万 | | 3.10亿 | | 300528 | 幸福蓝海 | 22.29 | 8.73% | 41.29万 | | 9.12亿 | | 300251 | 光线传媒 | 19.56 | 7.12% | 225.37万 | | 44.03亿 | | 002905 | 金逸影视 | 12.15 | 5.10% | - 39.73万 | | 4.84亿 | | 001330 | 博纳影V | 9.60 | 4.58% | 162.74万 | | 15.57亿 | | 600977 | 中国电影 | 17.79 | 3.37% | 114.30万 | | 20.20亿 | | 601595 | 上海电影 | 29.86 | 2.09% | 12.18万 | | 3.63亿 | | 002739 | 万达电影 | 11.84 | 1.81% | 116.50万 | | ...

影视院线板块上涨 今天上午，大消费表现活跃，影视院线、旅游酒店等板块上涨。其中，影视院线板块领涨，横店影视、幸福蓝海等个股大涨。 | | V | 影视院线 1780.23 1.82% | | | | --- | --- | --- | --- | --- | | 成分股 | 基金 | 简况(F10) | 资金 | 板块分? | | 名称代码 | | 最新 | 涨幅 ◆ | 流通市值 | | 横店影视 融 603103 | | 25.50 | 10.01% | 162亿 | | 2天2板 最终涨停09:37 | | | | | | 光线传媒 融 300251 | | 19.86 | 8.76% | 551亿 | | 辛福蓝海 创 300528 | | 22.12 | 7.90% | 82.4 Z | | 金逸影视 000000 | | 12.27 | 6.14% | 42.9亿 | 昨天，现货黄金首次突破5500美元/盎司关口，盘中一度逼近5600美元/盎司关口。今天上午，现货黄金、现货白银双双大跌，其中，现货黄金盘中失守 5200美元/盎司关口。 有色金属板块上午大跌，有色双巨头紫金矿业、洛阳钼业分别跌超8% ...

| 代码 | 名前 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 300528 | 幸福监海 | | 11.46 | 85.14亿 | 9.91 | | 603103 | 横店影视 | + | 10.01 | 162亿 | 53.80 | | 300251 | 光线传媒 | + | 9.31 | 586亿 | 21.86 | | 002905 | 金逸影视 | | 7.44 | 46.74亿 | 9.91 | | 001330 | 博纳影业 | | 4.36 | 132亿 | 26.05 | | 300133 | 华策影视 | | 3.83 | 179亿 | 14.18 | | 600977 | 中国申影 | 第 | 2.73 | 330亿 | 12.47 | | 601595 | 上海申影 | | 2.29 | 134亿 | 4.51 | | 300426 | 华智数媒 | | 1.76 | 39.09亿 | 12.44 | | 002739 | 万达申影 | 1 | 1.72 | 250亿 | 4.51 | | 6 ...