Core Viewpoint - AIGC software company Wanxing Technology (300624.SZ) announced significant upgrades to its product offerings at the Internet Yuelu Conference, highlighting the launch of the Wanxing Tianmu 2.0 application matrix and the global platform release of its AI audio and video creative agent, Wanxing Chaomei Agent, which enhances creative efficiency and success rates significantly [1] Group 1 - Wanxing Technology showcased its advancements at the Internet Yuelu Conference for the seventh consecutive year, with Chairman Wu Taibing attending the opening ceremony and AI+ Innovation Ecological Forum [1] - The newly launched Wanxing Chaomei Agent supports one-sentence video generation, multimodal content delivery, and multi-turn dialogue editing, achieving over 60 times efficiency improvement and a success rate exceeding 95% [1] - The company aims to empower its products through technology, resources, and community initiatives, focusing on full AI integration, large model deployment, and collaboration with entertainment content platforms to accelerate the "AI + Creativity" future [1] Group 2 - During the conference, the promotional video "AI Xiangjiang Imagination," co-created with the Yuelu Conference, gained significant attention and went viral [1]

Core Insights - The 2025 Internet Yuelu Conference held in Changsha focused on AI development, showcasing innovations from leading companies in the AIGC sector, including Wankang Technology, which has been invited for seven consecutive years [1] - Wankang Technology unveiled its upgraded Wankang Tianmu 2.0 and Wankang Chaomei Agent, emphasizing a shift from standalone tools to integrated, automated, and intelligent solutions in digital creative software [1][2] Company Developments - Wankang Technology's Chairman, Wu Taibing, highlighted the transformative impact of AI on the digital creative industry, noting trends such as paradigm shifts, modal integration, and democratization of creativity [2] - The company aims to evolve from a creative software provider to an AI creative ecosystem enabler, with plans to fully integrate AI capabilities across its product matrix and enhance its large model offerings [2][3] Product Innovations - The newly upgraded Wankang Chaomei Agent features capabilities such as generating complete videos from a single sentence, supporting multi-modal content delivery, and enabling multi-turn dialogue interactions, significantly improving video creation efficiency by over 60 times [3] - Wankang Technology plans to release its first multimedia large model, Wankang Tianmu 1.0, in early 2024, with a performance improvement of 90% compared to its predecessor, focusing on professional-level video production [3] Market Opportunities - The AIGC technology is expected to activate a creator economy, with Wankang Technology pursuing three strategic paths: embracing entertainment content platforms, opening capabilities to developers and enterprises, and deepening industry-academia collaboration [4][5] - The company is actively recruiting talent, offering competitive salaries to attract graduates from top universities, and aims to build a robust talent pool to support its AI initiatives [5]

Core Insights - The 2025 Internet Yuelu Conference held in Changsha focused on AI development, showcasing innovations from leading companies, including Wanxing Technology, which has been invited for seven consecutive years [1] - Wanxing Technology unveiled its upgraded products, including Wanxing Tianmu 2.0 and Wanxing Chaomei Agent, emphasizing the shift from standalone tools to integrated, automated, and intelligent solutions in digital creative software [1][2] - The company aims to empower global creators and users through three main actions: comprehensive AI integration in product matrices, launching and upgrading large models, and embracing the "Chaomei" Agent for new creative opportunities [2][3] Company Developments - Wanxing Chaomei Agent features capabilities such as generating complete videos from a single sentence, supporting multi-modal content delivery, and enabling multi-turn dialogue interactions, significantly enhancing video creation efficiency by over 60 times with a success rate exceeding 95% [3] - The company plans to release the first domestic multimedia large model, Wanxing Tianmu 1.0, in early 2024, with a performance improvement of 90% compared to its predecessor, focusing on professional-level video production and sound generation [3] - Wanxing Technology's AI server usage reached over 500 million calls in the first half of 2025, marking a year-on-year increase of over 200% [3] Industry Trends - The AIGC market is projected to exceed $1.8 trillion by 2032, indicating significant growth potential [2] - The company is actively engaging in the creator economy, exploring partnerships with entertainment content platforms and enhancing its offerings for developers and enterprise users [4][5] - Wanxing Technology is committed to fostering AI talent development through collaborations with educational institutions and offering competitive salaries to attract top graduates [5]

Core Insights - Wanxing Technology showcased its upgraded native application matrix, Wanxing Tianmu 2.0, at the Internet Yuelu Conference [1] - The company launched its AI audio and video creative intelligence agent, Wanxing Chaomei Agent, which is now available globally across all platforms [1] - The intelligent agent supports one-sentence video generation, multimodal content delivery, and multi-turn dialogue interactive editing, achieving over 60 times efficiency improvement and a success rate exceeding 95% [1]

Core Insights - The 2025 Internet Yuelu Conference will be held on September 14 in Changsha, Hunan, where Wankang Technology (300624.SZ) will showcase its AIGC digital creative products and solutions [1] - The conference theme is "AI Leading, Imagining Xiangjiang," focusing on artificial intelligence and innovation in the digital creative industry [1] - Wankang Technology has been actively expanding its presence in Changsha, establishing a second headquarters and launching initiatives to attract talent back to Hunan [3] Company Developments - Wankang Technology has been participating in the Yuelu Conference since 2019, enhancing its influence and engagement in the region [3] - The company has initiated a talent recruitment strategy, offering competitive salaries and housing benefits to attract skilled professionals to Changsha [3] - By the end of 2023, Wankang Technology will begin construction on a new creative science park in Changsha, with an investment of nearly 1 billion yuan and a building area of approximately 100,000 square meters [3] Technological Innovations - Wankang Technology focuses on digital creative software, adopting a "platform + entrepreneur" model to stimulate organizational vitality [4] - The company has launched the first domestic audio and video multimedia large model, "Wankang Tianmu," which has been recognized as a representative achievement in Hunan's emerging software sector [4] - In the first half of 2025, Wankang Technology's AI commercialization accelerated, with over 500 million AI server calls and a revenue exceeding 60 million yuan from AI-native applications, marking over 200% growth in both paid users and revenue [4] Ecosystem Collaboration - Wankang Technology emphasizes industry-academia-research collaboration, partnering with Xiangjiang Laboratory and various universities to build talent cultivation bases [5] - The company is exploring new possibilities in the audio and video sector in emerging markets through collaborations with cultural and creative organizations [6] - Wankang Technology has introduced an official AI digital persona, "Xiao Lu," to promote the international dissemination of Chinese culture [6]

Core Insights - The 2025 Internet Yuelu Conference will be held on September 14 in Changsha, Hunan, where Wankang Technology (300624.SZ) will showcase its AIGC digital creative products and solutions [1] - The conference theme is "AI Leading, Imagining Xiangjiang," focusing on artificial intelligence and innovation [1] - Wankang Technology has been actively expanding its presence in Changsha, establishing a second headquarters and launching initiatives to attract talent [3] Company Developments - Wankang Technology has been participating in the Yuelu Conference since 2019, enhancing its influence and engagement in the region [3] - The company has initiated a talent recruitment strategy, offering competitive salaries and housing benefits to attract skilled professionals back to Changsha [3] - By the end of 2023, Wankang Technology will begin construction on a new creative science park in Changsha, with an investment of nearly 1 billion yuan and a building area of approximately 100,000 square meters [3] Technological Innovations - Wankang Technology focuses on digital creative software, adopting a "platform + entrepreneur" model to stimulate organizational vitality [4] - The company launched the first domestic audio and video multimedia large model, "Wankang Tianmu," in Hunan, which has been recognized as a representative achievement in the software sector [4] - In the first half of 2025, Wankang Technology's AI commercialization accelerated, with over 500 million server calls and AI-native application revenue exceeding 60 million yuan, marking over 200% growth in both paid users and revenue [4] Ecosystem Collaboration - Wankang Technology emphasizes industry-academia-research collaboration, partnering with institutions like Xiangjiang Laboratory and several universities to build talent cultivation bases [5] - The company is exploring new possibilities in the audio and video sector in emerging markets through collaborations with cultural and creative organizations [6] - Wankang Technology's participation in the Yuelu Conference highlights its role as a benchmark for returning entrepreneurs and a leader in the AI industry [6]

Core Viewpoint - The 2025 Internet Yuelu Conference will be held in Changsha from September 14 to 16, focusing on AI, global R&D center city construction, and innovation and entrepreneurship among university students [1] Group 1: Company Innovations - Wankey Technology has launched an important update to its AI image generation function, improving generation speed by 22% and enhancing creative content production efficiency [3] - The new "Reference Image" module includes options for "Reference Characters," "Reference Objects," and "Reference Poses," allowing users to quickly customize images while ensuring consistency across scenes [3] - The company has introduced the first domestic audio and video multimedia large model, Wankey Tianmu, which has been recognized as a representative achievement in Hunan's emerging software field [6] Group 2: Strategic Development - Wankey Technology is accelerating its "Expand Changsha, Seek Global" strategy, attracting talent from top universities and planning to build a creative science park with an investment of nearly 1 billion yuan [4] - The company has established a global R&D center for creative software in Changsha, covering over 200 countries and regions, and is recognized as the "Chinese version of Adobe" [6] - In the first half of 2025, Wankey Technology's AI commercialization process accelerated, with AI server calls exceeding 500 million, a year-on-year increase of over 200% [6] Group 3: Ecosystem Collaboration - Wankey Technology emphasizes industry-academia-research cooperation, forming strategic partnerships with institutions like Xiangjiang Laboratory and various universities to build talent training bases [8] - The company collaborates with cultural and creative parks to explore new possibilities for audio and video in emerging markets during the AI era [8]

Core Insights - The company Wanjing Technology (300624.SZ) is significantly enhancing its global campus recruitment for the 2026 graduates, offering a starting salary of up to 1 million yuan, which has garnered widespread attention among university students [1][2] - The recruitment campaign aims to attract 500 high-quality candidates across various positions, with an average salary of 500,000 yuan for fresh graduates and no upper limit for exceptional candidates [1][2] - The company has been actively expanding its presence in the AI sector, launching new products and achieving substantial growth in revenue and AI application usage [3] Recruitment Details - The recruitment is focused on five major categories: product, research and development, marketing, design, and functional roles, with job locations spanning globally, including cities like Changsha, Shenzhen, Hangzhou, Tokyo, and Vancouver [1][2] - The demand for product and R&D positions has seen significant growth, with specific roles in strategic planning, algorithm development, and various design functions being highlighted [2] Financial Performance - In the first half of the year, the company reported a revenue of 760 million yuan, reflecting a year-on-year growth of 7.77% [3] - The AI server usage has exceeded 500 million calls, marking a more than 200% increase, while revenue from AI-native applications surpassed 60 million yuan, with both paid user numbers and revenue growing over 200% [3]

Group 1 - The 2025 China International Service Trade Fair is held in Beijing from September 10 to 14, showcasing nearly 40 enterprises from Changsha, highlighting the city's service trade capabilities [3] - The Hunan Pavilion, covering 100 square meters, features interactive multimedia, digital navigation, and innovative non-heritage displays, attracting attention [3] - Key exhibitors include Wanxing Technology and Caohua Interactive, demonstrating strengths in digital creativity and game development, while Hunan Provincial Malanshan Audio-Video Laboratory showcases comprehensive audio-video technology [3][6] Group 2 - The fair is focused on the theme "Digital Navigation, Service Trade Renewal," featuring six types of activities including global service trade summits, exhibitions, forums, and promotional events [3] - A total of 85 countries and international organizations participate, with nearly 2,000 enterprises exhibiting, including around 500 Fortune 500 and industry-leading companies [3] - During the 14th Five-Year Plan period, China's service trade scale surpassed $1 trillion for the first time, maintaining the second position globally, indicating the growing importance of service trade in international trade [5] Group 3 - Changsha has been recognized as a national service outsourcing demonstration city, with significant growth in service trade, becoming a key driver for stabilizing foreign trade, employment, and promoting industrial transformation [6] - In the first half of this year, Changsha's service trade totaled $2.451 billion, marking a year-on-year increase of 20.56%, with a per capita service trade amount of $230.87, both ranking first in the province [6][7]

Summary of Wondershare Conference Call Company Overview - **Company**: Wondershare (300624.SZ, Not Covered) - **Industry**: Software, specializing in multimedia, data recovery, and PDF solutions - **Key Products**: Filmora, Virbo, Media.io studio, SelfyzAI, Edrawmax Key Points Discussed AI Model Enhancements - **Tomoviee AI Model 2.0**: Launched in June 2025, integrating in-house customized models with third-party general AI models to produce high-quality video, audio, and text content [1][4][7] - **Differentiated Features**: Includes camera movement AI design, AI spatial sound, and transitional content creation [7] New Product Launches - **Wondershare SuperMedia AI Agent**: Launched in July 2025, this AI agent utilizes the Tomoviee AI model to generate video and audio solutions, enhancing user creation efficiency [8] AI in Productivity Tools - **Expansion into Productivity**: AI capabilities are being integrated into tools like EdrawMax (diagramming), EdrawMind (mind mapping), and PDF solutions [8] - **User Retention Improvement**: EdrawMax's user retention rate improved by 6 percentage points in the first half of 2025, attributed to AI-driven diagramming features [8] - **Revenue Growth**: AI revenues from the PDF solution doubled in the first half of 2025, linked to a shift towards a subscription model and enhanced AI capabilities [8] Market Outlook - **Positive Management Sentiment**: Management expressed optimism regarding the upgrade of multi-modal AI models and their potential to drive user interest and monetization [2][4] - **User Cases**: AI creation (image, video, audio generation) and productivity tools are identified as top use cases favored by consumer users [2] Additional Insights - **Investment in R&D**: The company is investing in research and development for video and audio algorithms to further enhance its AI software functions [3] - **Monetization Strategy**: Software vendors are beginning to charge for AI software while balancing commercialization with user expansion [2] Conclusion Wondershare is actively enhancing its AI capabilities across its product offerings, with a strong focus on user engagement and monetization strategies. The management's positive outlook on AI advancements and their integration into both entertainment and productivity tools positions the company favorably in the evolving software landscape.