2025阿那亚海浪电影周以"让想象在此靠岸"为主题，聚焦于AIGC与电影艺术的深度碰撞融合。作为本 届电影周亮点活动之一，"梦中潮汐时刻"AIGC电影创作大赛由天猫小黑盒发起，AMD、TaobaoDesign 主办，新片场承办，通义万相、万兴喵影等平台提供AI技术支持。 当前，AI与文化创意领域深度融合，不仅降低了创作门槛，加速实现创意平权，还深度赋能AI视频、 AI影视等产业链，成为推动文化产业高质量发展的关键动力。据中国AIGC文创产业指数，AIGC助力下 的文创营收预计在2025年有望突破1000亿元，并在未来十年迈向万亿级市场规模，发展前景十分广阔。 据介绍，目前万兴科技基于万兴天幕2.0加速构建大模型原生应用矩阵，推出旗下首款AI Agent产品万兴 超媒Agent，用户可创建并一键调用专属工作流；同时，万兴科技已正式开放Web端AI视频创作平台万 兴天幕创作广场（tomoviee.cn），并推出移动端AIGC应用新品万兴天幕AI App。在今年SuperCLUE 7 月全球榜单中，万兴天幕2.0基模Pangu-T2V跻身国内Top4，综合评分超越OpenAI旗下Sora。量子位7月 AI应用月报中 ...

万兴科技基于万兴天幕2.0加速构建大模型原生应用矩阵，推出旗下首款AI Agent产品万兴超媒Agent， 用户可创建并一键调用专属工作流；同时，万兴科技已正式开放Web端AI视频创作平台万兴天幕创作广 场(tomoviee.cn)，并推出移动端AIGC应用新品万兴天幕AI App。 中证报中证网讯(王珞)2025海浪电影周于9月4日至10日举办，本届电影周以"让想象在此靠岸"为主题， 聚焦于AIGC与电影艺术的深度碰撞融合。"梦中潮汐时刻"AIGC电影创作者大赛是本届电影周亮点活动 之一，万兴科技（300624）携万兴喵影、万兴天幕音视频多媒体大模型2.0(万兴天幕2.0)亮相"梦中潮汐 时刻"AIGC电影创作者大赛优秀作品展映暨论坛。 万兴科技品牌负责人在现场发表主题演讲时表示："AI算力掀起的滔天巨浪正拍打着银幕，这是我们正 在经历的潮汐。未来影像潮汐将流向效率、流向多样性、流向创作者。" 当前，AI与文化创意领域深度融合，不仅降低了创作门槛，加速实现创意平权，还深度赋能AI视频、 AI影视等产业链，成为推动文化产业高质量发展的关键动力。 ...

（万兴科技集团品牌负责人Vic现场分享万兴天幕2.0赋能电影艺术创意） "AI算力掀起的滔天巨浪正拍打着银幕，这是我们正在经历的潮汐。"万兴科技集团品牌负责人Vic认为，潮汐的方向应由创作者把控。论坛现场，Vic展示了 万兴喵影联合《琼聊AI》制作的《武汉过早》、万兴天幕2.0联合深圳广电制作的《鱼灯舞》以及联合湖北卫视制作的《黄鹤楼》等创意短片。 近日，2025阿那亚海浪电影周期间，AIGC 软件 A股上市公司 万兴科技 （300624.SZ）携万兴喵影、万兴天幕2.0亮相"梦中潮汐时刻"AIGC电影创作大赛优 秀作品展映暨论坛。本次论坛以"影像潮汐，流向何方——AI算力与电影艺术"为主题，汇聚AMD、天猫等企业高管和业界著名导演、摄影师等共同讨论AI 算力如何变革电影艺术、AI硬件和应用、艺术未来发展等行业问题。万兴科技集团品牌负责人Vic受邀现场发表主题演讲，万兴科技首席设计师Shaan、知名 导演杨超及李霄峰等20位学界与技术专家受邀组成评审团。 "未来影像潮汐将流向效率、流向多样性、流向创作者。"Vic表示，万兴天幕为"创意平权"而生，以高性价比打破成本壁垒，推进AI视频创作普惠。"目前， 万兴天幕 ...

机构持仓方面，截止2025年6月30日，万兴科技十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股963.22万股，相比上期增加172.18万股。南方中证1000ETF（512100）位居第五大流通股 东，持股142.90万股，相比上期增加26.92万股。中欧新蓝筹混合A（166002）位居第七大流通股东，持 股123.46万股，为新进股东。 责任编辑：小浪快报 资料显示，万兴科技集团股份有限公司位于广东省深圳市南山区粤海街道海天二路软件产业基地5栋D 座10楼，成立日期2003年9月28日，上市日期2018年1月18日，公司主营业务涉及视频创意、绘图创意、 文档创意、实用工具类软件产品与服务的设计、研发、销售和运营。主营业务收入构成为：视频创意类 67.43%，实用工具类19.03%，文档创意类7.34%，绘图创意类5.82%，其他0.38%。 万兴科技所属申万行业为：计算机-软件开发-横向通用软件。所属概念板块包括：阿里云、Kimi概念、 AI文生视频、AIAgent（智能体）、短视频等。 截至6月30日，万兴科技股东户数5.06万，较上期减少9.30%；人均流通股3387股，较上期增加10. ...

证券研究报告 | 半年报点评 gszqdatemark 2025 09 09 年 月 日 万兴科技（300624.SZ） 25H1 业绩符合预期，移动化与 AI 化双轮驱动 事件：8 月 29 日，公司发布《2025 年半年度报告》，实现营业收入 7.6 亿元，同比增 加 7.77%；实现归属于上市公司股东的净利润-0.53 亿元，同比下降 315.63%，符合市 场预期。 25H1 业绩符合预期，视频创意仍是增长最大驱动。1）2025H1，公司实现营业收入 7.6 亿元，同比增加 7.77%；实现归属于上市公司股东的净利润-0.53 亿元，同比下降 315.63%；单 Q2 来看，实现营业收入 3.8 亿元，同比增长 9.53%；归母净利润-0.2 亿 元，同比下降 1625.2%，业绩整体符合市场预期。2）分业务来看，2025H1 视频创意 类实现收入 5.12 亿元，同比增长 11.15%，占收入比例为 67.43%；实用工具类实现收 入 1.45 亿元，同比上升 20.83%，占收入比例为 19.03%；文档创意类实现收入 0.56 亿元，同比下降 5.2%，占收入比例为 7.34%；绘图创意类实现收 ...

文/夏虫工作室 核心观点：万兴科技毛利率超茅台，但净利率极其不稳定，目前依然陷入亏损状态。公司高毛利背后是 高销售费率，投资者或需要警惕这种高毛利率幻象。值得注意的是，公司销售费用增速显著高于营收， 在巨头环伺的激烈竞争环境中，公司买量是否难换高增长？此外，公司股价曾遭爆炒后实控人逢高减 持，其曾表示三个月无减持计划是否对监管说谎？ 出品：新浪财经上市公司研究院 近日，万兴科技披露半年报，公司仍然陷入亏损状态。 值得注意的是，公司此前发布筹划港股上市计划。据公告显示，为进一步推进全球化战略，提升公司国 际品牌形象和综合竞争力，公司拟发行H股股票并在香港联合交易所有限公司主板挂牌上市。 警惕毛利率超茅台幻象 公司整体业绩表现，营收重返增长，但仍然显然持续亏损。 2025年半年报显示，公司上半年营业收入为7.60亿元，同比增长7.77%；归母净利润为-5280.91万元，同 比下降315.63%；扣非归母净利润为-6453.46万元，同比下降512.30%。需要指出的是，公司近年勉强维 持盈亏平衡，自去年扣非净利润亏损达到1.61亿元。 值得注意的是，公司的毛利率与净利率形成巨大反差。近五年数据显示，公司的毛利率 ...

Group 1 - The core viewpoint of the articles highlights the significant growth and commercialization potential of AI technologies, particularly through the example of Wanxing Technology, which has shown impressive revenue growth and product innovation in the AI sector [1][12][14] - Wanxing Technology reported a total revenue of 760 million yuan in the first half of 2025, marking a year-on-year increase of 7.77%, with mobile revenue doubling and AI-native applications generating over 60 million yuan [1][9] - The company has adopted a "dual-mode drive" strategy, combining internal R&D with external collaborations, leading to the successful launch of its multimedia model 2.0, which has shown a 90% performance improvement over its predecessor [3][5][8] Group 2 - The AI industry is entering a new development cycle, with a shift in value distribution from foundational infrastructure to application service providers, indicating a growing market for companies that integrate AI with industry-specific knowledge [2][12] - Wanxing Technology's product matrix has expanded significantly, introducing various AI-driven tools and platforms that cater to diverse creative needs, enhancing user engagement and retention [6][11] - The company's R&D investment increased by 11.66% to 233 million yuan in the first half of 2025, reflecting a commitment to long-term growth and technological advancement [8][9] Group 3 - The AI commercialization path for Wanxing Technology is becoming clearer, with AI contributions to revenue increasing and user engagement metrics showing substantial growth, indicating a successful transition to AI-driven products [9][11][12] - Policy support for AI integration across various sectors is expected to accelerate the growth of companies like Wanxing Technology, which focus on practical applications of AI [12][14] - The global AI market is projected to reach significant milestones, with generative AI expected to exceed 1.8 trillion USD by 2032, suggesting a robust future for companies operating in this space [12][13]

Core Insights - Huawei recently held the "Huawei MateXTs Extraordinary Master and All-Scenario New Product Launch" in Shenzhen, where Wankang Technology's creative drawing software, Wankang Mind Map Harmony Version and Wankang Diagram Harmony Version, were showcased [1] - The Wankang Mind Map Harmony Version is the industry's first professional mind mapping software deeply adapted to the HarmonyOS, providing a desktop-level experience on mobile devices to enhance user productivity [1] - Wankang Technology is recognized as a leading player in China's digital creative software sector, often referred to as the "Chinese version of Adobe," with a business presence in over 200 countries and regions [2] Company Developments - Wankang Technology has accelerated its ecosystem layout around HarmonyOS and is deepening its "dual-mode drive" strategy [2] - In June, the company launched the Wankang Tianmu Audio-Video Multimedia Model 2.0 and gradually introduced the web-based creation platform Wankang Tianmu Creation Square and the mobile AIGC application Wankang Tianmu AI App, aiming to provide users with a more accessible, high-quality, and cost-effective creative experience [2]

Group 1 - Huawei officially launched the new foldable smartphone Mate XTs, featuring multiple industry-firsts, including the integration of PC version office and drawing software into a mobile device [1] - The AIGC software from Wanxing Technology, including the MindMaster and Diagram software, was showcased at the event, marking the first time such software has been adapted for mobile use [1][3] - The Mate XTs smartphone aims to enhance mobile productivity by providing a desktop-level experience on a portable device, with the return of the Kirin chip after four years [1] Group 2 - Wanxing Technology has accelerated its integration into the HarmonyOS ecosystem, with its products being the first to adapt to the HarmonyOS system [4] - The company has signed a comprehensive cooperation agreement with Huawei to jointly build the HarmonyOS ecosystem, enhancing its product offerings and user experience [4] - Wanxing Technology has launched a new multimedia model and AIGC applications, providing users with cost-effective creative solutions, with AI video generation priced as low as 0.25 yuan per video [4] Group 3 - Wanxing Technology has strengthened its global talent acquisition, attracting graduates from prestigious universities and launching a recruitment drive for 2026, offering high-paying positions [5] - The company is recognized as a leading player in the digital creative software sector in China, with a wide product range and significant global presence, often referred to as the "Chinese version of Adobe" [5]

Group 1 - Huawei officially launched the new foldable smartphone Mate XTs, showcasing multiple industry-first features, including the integration of PC version office and drawing software into a mobile device [1] - The AIGC software from Wankey Technology, including the MindMaster and Diagram software, was highlighted during the event, marking a significant step in mobile productivity [1][2] - The Mate XTs features the return of the Kirin chip after four years, generating significant attention in the tech community [1] Group 2 - Wankey Technology's MindMaster is the first professional mind mapping software deeply adapted to the HarmonyOS, offering desktop-level experiences on mobile devices [2] - The company has accelerated its integration into the HarmonyOS ecosystem, with its products being the first to complete adaptation to the system [3] - Wankey Technology has launched a dual-mode strategy, introducing the Wankey Tianmu multimedia model 2.0 and a new AIGC application, enhancing user experience with cost-effective creative solutions [3] Group 3 - Wankey Technology has strengthened its global talent competitiveness, attracting graduates from prestigious universities and launching a recruitment drive for 2026 [4] - The company is recognized as a leading player in the digital creative software sector in China, with a wide product range and significant revenue, often compared to "China's version of Adobe" [4]