本报讯 （记者舒娅疆）1月27日，记者从万兴科技（300624）集团股份有限公司（以下简称"万兴科 技"）获悉，该公司旗下AIGC视频创作平台万兴天幕创作广场文生图功能于近日推出全新写实版模式， 为创作者提供更高质量、更高效率的图像生成能力，满足商业摄影替代、人物海报与宣传物料制作、插 画创作及概念设定图生成等多类场景需求。通过持续对AI视觉创作能力的升级，万兴科技积极为用户 提供高价值、低门槛的专业工具，重塑内容生产工作流。 围绕视频、绘图、文档等核心创作场景，万兴科技正在持续完善底层模型能力，并推动场景化应用与商 业化落地。 为巩固AI产品的长期竞争力，万兴科技在人才领域持续加码。据悉，其正在推进的2026届全球校园招 聘开放产品、研发等五大类岗位，为应届生和研发人才提供较为丰厚的薪酬待遇，优秀者不设上限。此 外，万兴科技正在推进的AIGC实习生招募"Wonder Nova新星计划"，面向2026届及后续学年毕业的本/ 硕/博在校生，开放上千个实习岗位。 目前，生成式AI正加速走向实际生产与商业应用阶段。相关研究机构发布的数据显示，全球AI文生图 市场规模在接下来的十年内预计呈现较高速增长态势。 ...

Investment Rating - The report rates the computer industry as "Overweight," indicating that the industry is expected to outperform the overall market [9]. Core Insights - Clawdbot signifies a transition in AI product forms from "scene-level assistants" to "system-level Agent platforms," emphasizing comprehensive execution capabilities across tools and systems [3]. - The evolution of Agents is marked by a clear path from Skills to Claude Excel and Clawdbot, shifting market focus from model parameters to the ability to execute complex tasks and integrate external tools [3]. - Clawdbot's revolutionary aspect lies in its ability to understand high-level user intentions and autonomously break them down into ordered steps, enhancing automation in complex workflows [3]. - The deployment of system-level Agents faces challenges such as high complexity in enterprise deployment, data security concerns, and the need for improved stability and traceability across systems [3]. - The acceleration of Agent deployment does not imply the replacement of traditional software but rather positions Agents as intelligent interaction and automation hubs, enhancing overall efficiency [3]. Summary by Sections AI Application Key Companies Valuation - The report includes a valuation table for key AI application companies, detailing their market capitalization and projected net profits for 2024 to 2027, with notable companies such as Kingsoft Office, Yonyou Network, and Zhongkong Technology [4].

Group 1: Large Model + Code Intelligence Core - iFlyCode by iFLYTEK is the first domestic intelligent programming tool with voice interaction features, supporting code generation, explanation, bug correction, unit test generation, and intelligent Q&A across major programming languages [1][18] - StarRing Technology focuses on AI code generation for big data development, achieving over 90% accuracy in code generation and serving over 200 paying enterprise clients by 2025 [1][19] - Tuya Technology integrates NLP capabilities with AI programming solutions for government and financial sectors, enhancing system development efficiency and reducing maintenance costs [2][20] Group 2: IDE + AI Programming Tools Core - ZTE Information has developed SnapDevelop, an AI-assisted programming tool that increases software development efficiency by 2-3 times and supports multiple programming languages [3][22] - Wanjing Technology targets lightweight development scenarios with AI programming tools, significantly lowering the development barrier for small and medium enterprises [4][23] - CaiXun Co. provides AI programming solutions tailored for the financial sector, enhancing software development efficiency and compliance risk management [5][24] Group 3: Low-Code + AI Programming Integration - Puyuan Information integrates AI programming capabilities into its low-code development platform, improving enterprise application development efficiency by over 40% [7][24] - Jinxianda focuses on the electric power industry, utilizing a proprietary model to enhance development efficiency and customer advantages in AI programming and low-code applications [8][26] - Zhiyuan Interconnect's low-code platform has served over 10,000 enterprise clients, reducing development cycles by over 50% through AI programming capabilities [9][27] Group 4: Industry Solutions + AI Programming - Hengsheng Electronics has developed a low-code platform that integrates AI programming for the financial sector, improving development efficiency by over 60% [11][28] - Saiyi Information focuses on the manufacturing sector, providing AI programming tools that enhance software development efficiency by over 50% [12][29] - Keda Guochuang integrates AI programming into its software development for the electric power and government sectors, reducing development costs by approximately 30% [13][30] Group 5: Enterprise-Level AI Programming Solutions - New Jue Network combines AI programming with intelligent operation and maintenance services, achieving a customer repurchase rate of 83% in 2024 [15][31] - Yonyou Network integrates AI programming into its ERP systems, enhancing development efficiency by over 50% for various enterprise scenarios [16][32]

过去一年，真人短剧行业"二八分化"格局逐渐显现。头部项目持续吸金，但大量制作方仍在微利中求生。与之形成对比的 是，AI漫剧流水表现异军突起，灵矩动漫、BlueNeo等公司将其视为新的"第二增长曲线"。以灵矩动漫为例，2024年，其曾 尝试用AI制作短剧，但受限于技术发展，制作成本居高不下。灵矩动漫披露，当时AI短剧制作成本显著高于同期真人短剧 的制作成本。而不到一年时间，行业成本结构出现明显变化。2025年5月，灵矩动漫立项两部漫剧，并在商业化表现上获得 正向反馈，推动其进一步加码漫剧赛道。 灵矩动漫的转向从侧面印证了2025年是AI漫剧的集中爆发之年。数据显示，2025年4月至7月，漫剧剧目供给量以83%的复 合增长率持续扩容，播放量与点赞量分别实现92%、105%的复合增长。在真人短剧增量趋缓的背景下，AI漫剧正由行业 的"新尝试"跃升为内容市场的"新主流"。 内容供给端的持续加码和AI技术的应用落地，构成了AI漫剧集中爆发的双重动因。在供给端，阅文集团、知乎盐言故事、 番茄小说、掌阅科技、七猫等平台与IP方的相继开放版权资源，形成覆盖都市、玄幻、言情、悬疑等多题材的海量IP池，为 AI漫剧发展提供了内容 ...

Investment Rating - The report indicates a positive investment outlook for the industry, highlighting a "golden window period" for the short drama sector, with expectations for significant growth in the coming years [2][11]. Core Insights - The short drama industry has reached a scale of nearly 1 trillion yuan, surpassing both the film and long video sectors, with a projected compound annual growth rate (CAGR) of over 50% from 2023 to 2026 [11]. - The market for animated dramas is expected to exceed 22 billion yuan by 2026, contributing 50% of the incremental growth in the short drama industry [11]. - ByteDance is positioned as the absolute leader in the animated drama sector, leveraging its "traffic + IP + AI" integrated strategy to dominate the market [2][17]. - The application of AI technology is transforming the production paradigm of animated dramas, reducing production cycles from over 50 days to under 30 days and significantly lowering costs [3][21]. Summary by Sections Section 1: The Golden Window for Short Dramas - The short drama market has surpassed 1 trillion yuan, with user engagement increasing, and the average daily viewing time expected to exceed 100 minutes by 2025 [11]. - The market has entered a phase of rapid growth and commercialization, with significant increases in both supply and demand for animated dramas [11][12]. Section 2: AI Reshaping Production Paradigms - AI technologies are enabling a shift from manual production to industrialized generation, with production costs dropping to the thousand-yuan level [3][21]. - The integration of AI in production processes is expected to streamline workflows, reducing the number of steps from 11 to 5 and cutting costs by 60% [3][24]. Section 3: Trends in AI Applications - The report anticipates a significant uptick in AI applications by 2026, driven by the need for software to leverage substantial computational investments [4][31]. - Companies are increasingly integrating AI into their business models, with some reporting that AI-related revenues account for over 10% of total income [4][31]. Section 4: Related Investment Targets - Key investment targets include companies such as DeCai Co., Zhaochi Co., and Wanxing Technology, among others, which are positioned to benefit from the growth in the animated drama and AI sectors [5][40].

证券日报网讯1月23日，万兴科技（300624）在互动平台回答投资者提问时表示，公司高度重视以AI赋 能研发升级，已建立起AI云平台架构，构建了一站式AI创新能力平台，集成内外部算法、工作流编 排、模型管理、演示体验、运营配置等能力，为研发和产品创新提供高效、稳定的AI技术基座。在大 模型研发方面，2025年4月，公司与华为云达成音视频垂类AI大模型和通用大模型的战略合作，并成立 AI联合实验室共同探索AI场景应用落地。 ...

万兴科技相关负责人表示："万兴脑图、万兴图示等产品在可视化表达与结构化思考领域积累深厚，在 全球拥有广泛的专业用户基础，此次将它们全线纳入万兴科技全球生态体系，是我们面向AI时代的一 次关键举措。"据介绍，万兴脑图及万兴图示将全面集成万兴科技旗下万兴天幕音视频多媒体大模型， 以及外部领先第三方模型的多模态能力，持续增强图表理解、逻辑识别与视觉生成能力；此外，还将基 于公司的全球化合规与算力基础设施，确保AI生成内容安全、高效、可商用，满足海内外用户合规需 求。 万兴科技相关负责人表示，依托全球生态体系的整合升级，万兴图示与万兴脑图将围绕"AI驱动、专业 可信、全球共创"的使命，助力每一位创作者提升创作力。万兴科技也将继续以AI为核心驱动力，持续 完善"创意+效率"产品矩阵与能力底座建设，持续赋能全球用户。 本报讯(记者舒娅疆)1月23日，记者从万兴科技（300624）集团股份有限公司(以下简称"万兴科技")获 悉，该公司于近日升级旗下绘图创意软件产品，将原亿图全线产品(原亿图图示、亿图脑图MindMaster) 整合进其全球创新生态体系，并正式启用全新品牌名称"万兴图示""万兴脑图"，构建智能高效的AI原生 ...

随着AI视频进入实际生产环节，单一模型能力的领先，已不足以构成长期壁垒；新的核心问题是如何 将AI能力转化为实际可操作、好操作的创作工具。在这样的行业背景下，长期深耕视频创作工具与工 作流的厂商，开始显现出更强的承接能力。 2026年初，视频AIGC赛道迎来罕见的"强兑现"时刻。据报道，快手旗下可灵AI（Kling AI）月活跃用户 （MAU）已突破1200万，App端付费用户规模环比激增350%。2025年，可灵全年收入预计达1.4亿美 元，远超最初6000万美元的目标，其中，仅2025年12月的单月收入就超过2000万美元。 可灵AI的热度说明，视频生成能力不再是单纯的技术展示，而是进入了可以被广泛使用的商业阶段。 在这一轮变化中，包括OpenAI、谷歌、快手以及万兴科技在内的海内外厂商，正不约而同加码AI视频 创作工具布局，而市场也已经开始用真实使用与付费行为进行回应。 从可灵AI的数据表现来看，AI视频创作正在跨过一个关键门槛，其用户规模、使用频率与付费能力已 开始形成正向循环：更高质量、更可控的生成能力，带来更明确的使用价值；而真实生产场景中的效率 提升，又反过来推动用户为工具持续付费。这意味着，A ...

Investment Rating - The report maintains a positive outlook on the industry, specifically highlighting the potential for effective control of AI model hallucinations by 2026 [2]. Core Insights - The report emphasizes that while hallucinations in AI models are inevitable, advancements in algorithms, data quality, and engineering practices can significantly reduce their occurrence. The top 25 global models have achieved a hallucination rate below 8% [5][6]. - The report identifies three key areas for investment: mature AI applications, marketing AI that is less sensitive to hallucinations, and data plus AI infrastructure [6]. Summary by Sections 1. Hallucinations - The Lower Bound of Model Capability - The report defines hallucinations as overconfident errors produced by language models, which can include fabrications, factual inaccuracies, contextual misunderstandings, and logical fallacies. For instance, GPT-3.5 had a hallucination rate of approximately 40%, while GPT-4's rate was 28.6% [14][15]. 2. Sources of Hallucinations - Hallucinations arise from several factors, including model architecture, toxic data, lack of accuracy in reward objectives, and context window limitations. Addressing these factors is crucial for controlling hallucinations [7][8]. 3. Reducing Hallucinations: From Models, Data, Engineering, and Agents - The report discusses various strategies to mitigate hallucinations, such as using larger training datasets, extending context windows, and incorporating human feedback through reinforcement learning (RLHF) [25][26]. - Engineering practices like Retrieval-Augmented Generation (RAG) are becoming standard, with Gartner predicting a 68% adoption rate by 2025 [56][57]. 4. 2B Application Penetration and Evolution - The report notes that the control of hallucinations in mainstream models has made significant progress, with the top 25 models in the Vectara HHEM ranking achieving hallucination rates below 8%. For example, the Finix model developed by Ant Group has a hallucination rate of only 1.8% [72].

近日，量子位智库"2025年度AI 100"产品榜单正式揭晓。AIGC软件A股上市公司万兴科技 （300624.SZ）产品创新力再获行业认可，旗下绘图创意产品万兴脑图入选代表国内最强综合实力的"AI 100旗舰产品榜"，视频创意产品万兴喵影入选最具成长潜力的"AI 100创新产品榜"，展现出其在AI办公 提效与内容生产领域的持续创新能力与产业赋能价值。 作为万兴科技旗下AI思维导图明星产品，近期焕新的万兴脑图V13以"AI赋能、多模态知识管理"为主 线，围绕知识库体系、AI能力与创作交互体验实现系统化升级，是国内首款支持脑图节点拓展笔记的 专业思维导图软件。该产品深度嵌入知识管理流程，可助力用户在学习、策划、项目管理等场景中，实 现信息的高效复用。目前万兴科技旗下绘图创意产品已深度服务国家电网、南方电网、中广核、中海 油、中石化、中国一汽等央国企，助力关键行业的数字化升级进程。 作为万兴科技旗下视频创意明星产品，万兴喵影代表了AI视频生产领域的前沿方向，有望在下一阶段 引领行业变革。全新万兴喵影2026聚焦视频内容创作场景，首次在通用型视频创意软件中实现从AI素 材生成、AI续写到精细剪辑的一站式专业体验，为 ...