Core Viewpoint - Kunlun Wanwei is expected to incur losses in 2025 due to continued heavy investments in AI large models, market promotion, and R&D [1] Financial Performance - The net profit attributable to shareholders is projected to be between -1.35 billion and -1.95 billion, compared to -1.59479 billion in the same period last year [2][8] - The net profit after deducting non-recurring gains and losses is expected to be between -1.448 billion and -2.048 billion, compared to -1.64338 billion in the same period last year [2][8] - Revenue is expected to grow by over 40% year-on-year, with an increasing proportion of overseas revenue [8] Business Developments - The company has made significant breakthroughs in AI large models, including the release of various models such as Skywork-Reward-V2 and Matrix-3D, while continuously iterating existing models [3][4] - The TianGong Super Intelligent Agent has integrated AI Agent architecture and Deep Research technology, focusing on enhancing office efficiency and multi-modal creation [4] - The AI music product Mureka has reached version V8, improving in multiple dimensions, and aims to provide a seamless music creation experience for users [5] Short Video Platform Growth - The short video business has become a significant growth driver, with the DramaWave platform achieving over 28 million monthly active users globally [6] - The FreeReels application has surpassed 40 million monthly active users, leveraging a "free to watch" strategy to gain market share in emerging markets [6] Technological Innovations - The Opera platform has launched the AI Agent browser Opera Neon, which enhances user interaction by automating web browsing and task execution [7] - The StarMaker platform has integrated AI technology for song and video creation, significantly boosting user growth [7] - The company plans to deepen the industrialization of AI technology and strengthen its global market presence to enhance its core competitiveness [7]

Group 1 - Yuehongyuan A announced the transfer of 45% equity in Hongxi Mining for 22.37 million yuan, aiming to optimize its business and promote transformation, expecting a positive impact on financial results with an estimated gain of over 22 million yuan [2] - Wanhua Chemical plans to increase capital by 19.086 billion yuan to its wholly-owned subsidiary Wanhua Olefins, consolidating its carbon two industry operations to enhance competitiveness [3] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish the country as a production base for electric vehicle batteries [4] Group 2 - Gansu Energy reported that the first batch of wind turbines for its 1 million kW green electricity aggregation pilot project has been connected to the grid, contributing to over 10% of the company's expected installed capacity by the end of 2025 [5] - Lingyi Zhizao completed the acquisition of 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of voting rights, making Liminda a subsidiary [6] - Tianqi Lithium's third-phase expansion project for chemical-grade lithium concentrate produced its first batch of qualified products, enhancing raw material supply for its lithium chemical production bases [7] Group 3 - Ecovacs expects a net profit of 1.7 billion to 1.8 billion yuan for 2025, a year-on-year increase of 110.90% to 123.30% due to product upgrades and cost optimization [9] - Cambrian anticipates a turnaround with a net profit of 1.85 billion to 2.15 billion yuan for 2025, a significant increase in revenue driven by operational improvements [10] - China Southern Airlines expects a net profit of 800 million to 1 billion yuan for 2025, recovering from a loss of 1.696 billion yuan in the previous year [11] Group 4 - Shandong Gold forecasts a net profit of 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% due to improved production efficiency and rising gold prices [16] - Perfect World expects a net profit of 720 million to 760 million yuan for 2025, recovering from a loss of 1.288 billion yuan, driven by successful game launches and cost reductions [17] - CICC anticipates a net profit of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% due to strong performance in investment banking and wealth management [18] Group 5 - *ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, recovering from a loss of 76.64 million yuan, attributed to a major asset restructuring [19] - New Hope predicts a net loss of 1.5 billion to 1.8 billion yuan for 2025, down from a profit of 473.6 million yuan, impacted by fluctuations in the pig market [20] - 360 expects a net profit of 213 million to 318 million yuan for 2025, turning around from a loss, driven by increased investment income from equity method accounting [21]

Core Viewpoint - Kunlun Wanwei forecasts a net loss of 1.35 billion to 1.95 billion yuan for the year 2025, indicating a challenging financial outlook despite expected revenue growth of over 40% [1] Financial Performance - The company anticipates a net profit attributable to shareholders of -1.35 billion to -1.95 billion yuan for 2025, with a net profit excluding non-recurring items projected at -1.448 billion to -2.048 billion yuan [1] - Revenue is expected to grow by over 40% year-on-year, with an increasing proportion of overseas revenue [1] Business Segments and Innovations - Kunlun Wanwei operates in multiple core areas including AGI and AIGC, overseas information distribution, short drama platforms, and social entertainment, covering over 100 countries and regions globally [1] - The company has made significant advancements in AI large models, AI music, AI social, short dramas, and AI games, showcasing its strong innovation capabilities [1] - The Skywork Super Agents product has gained market recognition for its ability to generate various types of content, enhancing user engagement [1] Product Development - The company has released several AI models, including the Skywork-Reward-V2 series and the Matrix-3D model, reflecting its systematic research capabilities in artificial intelligence [1] - Mureka, the AI music platform, has evolved to version 8, improving music generation quality and user experience [1] - Linky, the AI social platform, has enhanced user interaction through improved dialogue and character consistency [1] Market Position and User Engagement - DramaWave has surpassed 28 million monthly active users globally, establishing itself as a leader in the short drama market [1] - FreeReels, a free short drama application, has achieved over 40 million monthly active users, rapidly gaining market share in emerging markets [1] - StarMaker has integrated AI technology to enhance user-generated content, significantly boosting user growth [1] Future Developments - Opera has launched the AI-driven Opera Neon browser, which automates web browsing and task execution, enhancing user productivity [1] - The official launch of OperaAI in January 2026 will provide a seamless multi-modal AI experience across various Opera products [1]

昆仑万维公告，预计2025年度净利润为负值，预计归属于上市公司股东的净利润区间为-19.5亿元 至-13.5亿元，上年同期为-15.95亿元；扣除非经常性损益后的净利润区间为-20.48亿元至-14.48亿元，上 年同期为-16.43亿元。业绩变动主要由于公司在市场推广和研发方面持续加大投入，以及收入同比增长 超过40%，海外收入占比进一步提升。 ...

Core Viewpoint - Kunlun Tiangong officially launched the Mureka V8 music model, asserting that "good AI music is a new genre" [2][3] Group 1: Technological Advancements - The V8 version is considered a significant leap in the evolution of the model, marking a maturity in the industrial application of AI music [2] - The advancements are attributed to the deepening of the MusiCoT technology system, larger parameter training, and effective application of reinforcement learning [2] - The model can now understand and generate music with complete logic, emotional progression, and memorable points, moving beyond mere sound segment splicing [2] Group 2: User and Industry Perspectives - From a user perspective, AI music offers a more immediate, personal experience with lower barriers to participation, akin to how photography democratized image capturing [3] - The industry is witnessing three positive trends: mainstream record companies authorizing music libraries for AI training, musicians integrating AI into their creative workflows, and major music streaming platforms establishing AI creation portals [3] - The collaboration framework suggests that while initial inspiration and core expression rely on human creativity, AI can efficiently handle subsequent stages of music production [3] Group 3: Strategic Vision and Ecosystem - Kunlun Tiangong aims to build a value network for the AI music era through a "model-product-platform-ecosystem" strategy [4] - The consumer-facing app is designed to create an interactive music community, while the AI Studio targets professional creators as an intelligent creative partner [4] - Collaborations with traditional record companies signify the integration of AI creative capabilities into mainstream production and distribution systems [4] Group 4: Challenges and Optimism - AI music faces challenges in consensus building, particularly regarding copyright and profit distribution, which are essential for sustainable industry development [5] - Despite concerns, there is optimism that more efficient creative tools will expand the market and benefit a broader range of creators, similar to the impact of streaming on the music industry [5] - The goal of AI music is not to replace traditional methods but to lower creative barriers and enhance the quality of works, fostering a synergy between technology and art [5]

新京报贝壳财经讯（记者韦英姿）近日，昆仑万维发布昆仑天工音乐大模型产品Mureka V8，昆仑万维 董事长兼CEO（首席执行官）方汉在发布会现场表示，音乐行业每个环节都已经把AI写进授权、分 发、激励合作流程里，轨道一旦铺起来，（AI音乐）品类就会跑起来。 AI音乐是否会产生新的音乐品类？现场圆桌环节进行了一场交锋。昆仑天工董事长兼CEO （首席执行 官）周亚辉先生首先提出，AI音乐会成为新的音乐品类，"AI音乐能够将所有想要的乐器集成起来，这 是传统音乐很难具备的，涉及成本问题"。 AI能够加速音乐制作周期，对音乐产业的影响是量产。但高晓松强调，AI巨大的产量是Web2.0时代的 首页模式无法承受的，如果每天有几百首歌上传，而这些歌都是零收听、零评论。"所以要改变的是音 乐的呈现形态。" 编辑 袁秀丽 校对 王心 而著名音乐人高晓松认为，AI所创造的新音乐品类是产品品类，即UGC（用户生产内容），这种类型 以聚合流量的方式变现，而非版权。随即周亚辉提出，即使是UGC，AI也让现在的UGC比以前的好 看，以及能让更多用户生产内容。 但福气文化创始人、环球音乐Republic唱片中国首任董事总经理闻震认为，不只 ...

Core Viewpoint - The A-share market has seen a collective surge in "AI marketing (core stocks)" concept stocks, becoming one of the most prominent market themes, with companies like InSai Group, Zhejiang Wenlian, Tianlong Group, BlueFocus, Guangyun Technology, and Yidian Tianxia leading the charge. Company Summaries - **InSai Group (300781.SZ)**: Latest stock price is 54.18 CNY with a daily increase of +20.00%. The company has formed a joint venture with XinSuo Technology to launch a generative engine for reputation marketing and GEO optimization, supported by its self-developed InsightGPT for content production and distribution [1]. - **Zhejiang Wenlian (600986.SH)**: Latest stock price is 13.78 CNY with a daily increase of +9.98%. The company has released the "HochiGEO" intelligent agent to monitor mainstream AI search platforms and provide intelligent advertising and content distribution strategies across sectors like automotive and fast-moving consumer goods [2]. - **Tianlong Group (300063.SZ)**: Latest stock price is 6.13 CNY with a daily increase of +19.99%. The company has developed its own "PinXue·JianYou" AIGC tool matrix and AI engine, compatible with mainstream large models, enabling multi-modal material generation and intelligent advertising optimization [3]. - **BlueFocus (300058.SZ)**: Latest stock price is 8.00 CNY with a daily increase of +14.93%. The company has invested in PureblueAI, which focuses on GEO technology, quickly entering the generative engine optimization sector through model-driven content generation and distribution [4]. - **Guangyun Technology (688365.SH)**: Latest stock price is 9.80 CNY with a daily increase of +12.07%. The company offers products like "KuaiMai XiaoZhi" and "ShenHui MeiGong Robot," integrating multi-modal large models to provide comprehensive solutions for e-commerce customer service, shopping guidance, material generation, and advertising optimization [5]. - **Yidian Tianxia (301171.SZ)**: Latest stock price is 20.20 CNY with a daily increase of +9.69%. As a leader in cross-border marketing, the company has developed a GEO optimization framework compatible with overseas AI search platforms to enhance brand visibility in generative search results [6]. - **Lio Co., Ltd. (002131.SZ)**: Latest stock price is 2.39 CNY with a daily increase of +9.12%. The company has developed the LEOAIAD platform and unified model, leading the standardization of AIGC advertising materials and implementing MCP protocol tools [7]. - **Fushi Holdings (300071.SZ)**: Latest stock price is 3.14 CNY with a daily increase of +8.66%. The company has launched the FlinkAI full-link intelligent marketing platform and the Disi AI smart chain platform, covering multi-modal content generation, intelligent advertising, and digital marketing [8]. - **Zhidao Mai (300785.SZ)**: Latest stock price is 72.19 CNY with a daily increase of +8.20%. The company is advancing its "comprehensive AI" strategy by launching the "ZhiShu" AI full-domain content insight platform and other B-end marketing tools to empower content creation and data analysis [9]. - **Kunlun Wanwei (300418.SZ)**: Latest stock price is 37.60 CNY with a daily increase of +6.05%. The company’s DramaWave utilizes self-developed AI tools for batch generation of multi-language short video materials and intelligent advertising, establishing an "AI + marketing" growth cycle for overseas short drama marketing [10]. - **Yi Wang Yi Chuang (300792.SZ)**: Latest stock price is 19.21 CNY with a daily increase of +5.88%. As one of Alibaba's first AI Agent ecosystem partners, the company’s AI agents have been implemented in scenarios such as AI-generated images, content generation, and advertising optimization, while promoting SaaS subscription services [11]. - **Shengguang Group (002400.SZ)**: Latest stock price is 5.85 CNY with a daily increase of +6.05%. The company has developed the Lingxi AI marketing platform, integrating top large models to create vertical models covering full-link marketing, collaborating deeply with TikTok and Meta, serving over 300 benchmark clients [12]. - **Tianxia Xiu (600556.SH)**: Latest stock price is 6.15 CNY with a daily increase of +7.75%. The company has launched the AI product "Inspiration Island," leveraging AIGC to empower social media and short video content operations, enabling batch content generation, review, and digital IP creation [14].

Core Viewpoint - The rise of AI-generated virtual influencers is transforming social media, with brands collaborating and millions of followers engaging as if they were real celebrities [1][2]. Group 1: Technology and Features - Kunlun Wanwei has launched the open-source SkyReels-V3, a multi-modal video generation model that includes capabilities for reference image-to-video, video extension, and audio-driven virtual avatars [3][9]. - The model allows users to create high-fidelity videos from a single image and audio, maintaining accurate lip-sync and expressions [4][35]. - SkyReels-V3 can generate coherent videos by uploading 1-4 reference images and using text prompts, ensuring narrative logic and visual consistency [11][42]. Group 2: Practical Applications - The model has been tested in e-commerce scenarios, successfully generating videos that showcase products in various settings, such as a model displaying a handbag in an urban environment [12][19]. - It can extend video clips while preserving motion dynamics and visual style, offering both single-shot and multi-angle transition modes [26][31]. - The virtual avatar model can create synchronized audio-visual content, supporting multiple characters in interactive scenes without synchronization issues [38][47]. Group 3: Technical Insights - SkyReels-V3 integrates three core modules within a single architecture, achieving high fidelity and flexible multi-modal applications [40][41]. - The video extension feature employs a dual-mode mechanism for seamless transitions, enhancing narrative continuity and visual engagement [45][46]. - The model's modular design allows for independent use of its components or flexible combinations, catering to various application scenarios [49]. Group 4: Market Position and Future Outlook - The open-source strategy reflects the competitive landscape in AI video generation, enabling rapid ecosystem development and feedback loops [51][52]. - Kunlun Wanwei's history of technological advancements in video generation, including previous models like SkyReels-V1 and SkyReels-V2, showcases its commitment to innovation [53][54]. - The launch of SkyReels-V3 signals an intensifying competition in AI video generation, with diminishing technical barriers and the onset of more significant challenges [56].

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603444 | 吉比特 | 475.50 | 6.61% | 3.36万 | | 15.90 Z | | 300418 | 昆仑万维 | 56.61 | 6.05% | 169.47万 | | 97.34亿 | | 600633 | 浙数文化 | 15.91 | 5.43% | 116.55万 | | 18.72亿 | | 300315 | 掌趣科技 | 6.12 | 3.73% | 368.12万 | | 22.68亿 | | 002624 | 完美世界 | 18.77 | 3.42% | 66.96万 | | 12.59亿 | | 300459 | 汤姆猫 | 5.25 | 2.94% | 364.95万 | | 19.34亿 | | 300043 | 量辉娱乐 | 6.46 | 2.70% | 103.83万 | | 6.76亿 | | 002605 | 姚记科技 | 26.81 | 1.94% | 19.87万 | | 5 ...

Group 1 - The core viewpoint of the news highlights the performance of the AI-themed index and ETF, with notable gains in specific stocks like iFlytek and Kunlun Wanwei, while the AI ETF shows significant trading volume and growth in assets [1][2] - As of January 28, the AI-themed ETF has a total asset size of 34.06 billion yuan, with a recent increase of 2.24 million shares over the past six months, indicating strong investor interest [1][2] - The AI-themed index consists of 50 companies involved in providing resources, technology, and application support for artificial intelligence, with the top ten stocks accounting for 58.08% of the index [2] Group 2 - The storage chip supply tightness and price increases driven by the AI infrastructure boom are expected to persist until 2027, potentially leading to a systematic upcycle in the chip industry [2] - Domestic chip manufacturers are expected to raise prices, reflecting enhanced pricing power and accelerated localization, which may improve gross margins and cash flow, supporting R&D and expansion [2] - The AI ETF closely tracks the performance of the AI-themed index, which is designed to reflect the overall performance of listed companies in the AI sector [2]