本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 万兴科技集团股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开 第四届董事会第二十四次会议审议通过了《关于回购公司股份方案的议案》，同 意使用自有资金和自筹资金通过深圳证券交易所股票交易系统以集中竞价交易 方式回购公司股份，用于员工持股计划或股权激励计划，回购股份的期限自董事 会审议通过本次回购股份方案之日起 12 个月内，回购股份的价格为不超过人民 币 89.85 元/股（含），回购的资金总额不低于人民币 2,500 万元（含），不超过 人民币 5,000 万元（含）。具体内容详见公司于 2025 年 4 月 28 日在巨潮资讯网 上披露的《关于回购公司股份方案的公告》（公告编号：2025-019）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，回购期间，公司应当在每个月的前三个交易日 内披露截至上月末的回购进展情况。现将公司截至上月末回购股份的进展情况公 告如下： 证券代码：300624 证券简称：万兴科技 公告编号：2025-067 ...

人民财讯9月2日电，9月1日，国家网信办等四部门联合发布的《人工智能生成合成内容标识办法》正式 实施，AI生成的文字、图片、视频等内容均须添加标识。对此，万兴科技（300624）表示，已率先将 显式与隐式标识技术深度融合至产品底层架构，旗下多款软件上线AI生成内容标识功能，切实履行AI 技术提供者主体责任，实现生成内容"一键溯源、全程可信"，助力构建安全可信的AIGC应用生态。 ...

Group 1 - The article highlights the close relationship between Hunan and Guangdong, particularly Shenzhen, with many Hunan people considering Shenzhen as their "second provincial capital" [1][3] - Hunan Satellite TV has actively proposed the concept of "second provincial capital" in the context of the upcoming "Xiangchao" league, reflecting the significant presence of Hunan people in Shenzhen [3][6] - Shenzhen has over 7,000 Hunan cuisine restaurants, indicating the popularity of Hunan food in the city, which has surpassed any other city outside Hunan [7][10] Group 2 - The growth of Hunan cuisine in Shenzhen is evidenced by a 65% year-on-year increase in order volume, leading all cuisine types in the city [7][14] - The diverse range of Hunan restaurants caters to various consumer preferences, from high-end dining to affordable options, demonstrating the cuisine's integration into Shenzhen's culinary landscape [10][11] - The demand for Hunan cuisine is driven by the large population of Hunan people in Shenzhen, who seek familiar flavors, alongside the affordability and quick service of Hunan dishes [12][14] Group 3 - The geographical proximity between Hunan and Guangdong facilitates the migration of Hunan people to Shenzhen, with travel times as short as two hours by high-speed rail [19][20] - Historical economic factors, such as the lack of job opportunities in Hunan during the early reform period, led to a significant influx of Hunan laborers to Shenzhen [20][23] - Hunan individuals have transitioned from laborers to entrepreneurs, with over 1,100 Hunan member enterprises established in Shenzhen, contributing to various industries [23][25] Group 4 - The "dual headquarters" model is exemplified by companies like BYD, which operates a manufacturing base in Hunan and a technology center in Shenzhen, enhancing efficiency and innovation [28][29] - This model has also benefited traditional manufacturing sectors in Hunan, with companies like SANY Heavy Industry leveraging Shenzhen's technological advancements for production improvements [30][35] - The collaboration between Hunan and Shenzhen extends to various sectors, including agriculture and transportation, showcasing a comprehensive economic partnership [37][40]

Group 1 - The core viewpoint of the news is the official launch of the "Qianhai No. 5 Building," an international talent innovation hub in Shenzhen, aimed at attracting global talent to the Greater Bay Area [1] - The "Talent Tropical Rainforest" interactive experience platform was introduced by the company in collaboration with Shenzhen Broadcasting Film and Television Group, showcasing its advanced AI technology [1] - The company aims to leverage AI to enhance the cultural environment in Shenzhen, positioning itself as a facilitator for global talent attraction [1] Group 2 - The company, established in Shenzhen in 2003, has benefited from the local talent pool and aims to contribute to Shenzhen's global talent initiatives [1] - The company focuses on digital creative software, emphasizing AI model and product innovation, particularly in audio and video intelligent creation [2] - The company has launched the Wankang Tianmu 2.0 and developed a comprehensive AI video solution, including the Wankang Tianmu Creative Square and Wankang Tianmu AI App [2]

Group 1: Company Overview - Wanxing Technology, founded in Shenzhen in 2003, has benefited from the city's talent dividend and aims to empower global talent attraction through AI [3] - The company focuses on digital creative software and has a mission to "make the world more creative," emphasizing intelligent audio and video creation [5] - Wanxing Technology has launched the Wanxing Tianmu 2.0, which ranks among the top four in China for its foundational model capabilities [5] Group 2: Recent Developments - The "Qianhai No. 5 Building," a landmark for international talent innovation, has been officially opened, featuring eight functional areas including the "Exploration Gateway" [1] - Wanxing Technology, in collaboration with Shenzhen Broadcasting Film and Television Group, launched the "Talent Tropical Rainforest" interactive experience platform, showcasing its core technology support from Wanxing Tianmu 2.0 [1][7] - The company has initiated a global recruitment drive for the 2026 class, offering 500 high-quality positions with competitive salaries, including an average annual salary of 500,000 yuan for fresh graduates [5] Group 3: Industry Context - Shenzhen has seen a population increase of nearly 5 million over the past decade, making it a top city for talent attraction in China [6] - The city ranks among the top three in the country for talent attraction and has been particularly appealing to post-95 talent for two consecutive years [6] - Wanxing Technology is recognized as a leading player in the digital creative software sector, with a wide product coverage and significant revenue, often referred to as the "Chinese version of Adobe" [6]

Group 1 - The "Qianhai No. 5 Building" has been officially launched as a landmark for international talent innovation in Shenzhen, featuring eight functional areas aimed at attracting global talent to the Greater Bay Area [1] - The "Talent Tropical Rainforest" interactive experience platform, developed by Wankang Technology in collaboration with Shenzhen Broadcasting Film and Television Group, showcases advanced AI capabilities and aims to create an immersive environment for talent attraction [1][3] - Wankang Technology, founded in Shenzhen in 2003, aims to leverage AI to enhance the cultural environment and attract global talent, positioning itself as a key player in Shenzhen's talent ecosystem [1][4] Group 2 - Wankang Technology has launched the Wankang Tianmu 2.0, which ranks among the top four in China for its foundational capabilities, and is focused on AI-driven product innovation in audio and video creation [4] - The company is actively recruiting for its 2026 global campus recruitment, offering 500 high-value positions across various roles, with competitive salaries for fresh graduates [4] - Shenzhen has seen a population increase of nearly 5 million over the past decade, making it a leading city for talent attraction, particularly among post-95 graduates [5]

Group 1 - A-share companies are increasingly planning to list in Hong Kong, indicating a trend in the market [1] - A total of 29 A-share listed companies have disclosed plans for Hong Kong listings this month [1] - Notable companies involved in this trend include Huaxin Cement, Shengbang Co., Dongcheng Pharmaceutical, and others [1]

Core Insights - The rapid iteration of large models is driving an upgrade across the entire chain of computing power, data, and applications, reshaping future industries and investment landscapes [1] - The focus is shifting towards companies with a "moat and growth potential," particularly in infrastructure and vertical application sectors [2] Industry Trends - The demand for computing power is continuously rising due to the increasing model parameters and inference complexity, leading to a long-term upward trend in the demand for AI infrastructure such as high-performance GPUs and cooling systems [2] - The acceleration of application deployment is evident as stronger large models reduce the costs of business automation and intelligence, fostering new SaaS and vertical AI applications [2] - Competition in the ecosystem is intensifying, with leading model vendors forming platform capabilities and extending upstream and downstream, potentially increasing industry concentration [2] Company Strategies - Wanjing Technology has adopted a global strategy and focuses on empowering creators through creative software, aiming to package complex user needs into products that lower usage barriers [3] - The company has launched the Wanjing Tianmu multimedia large model, which has been upgraded to version 2.0, achieving industry-leading performance in quality, inference speed, and controllability through collaboration with Huawei [5] - Wanjing Technology's product matrix includes mobile apps, desktop solutions, and API services, catering to different user needs from casual creators to enterprises [6] Market Opportunities - The "productization" of large models is significantly impacting both B2B and B2C sectors, enhancing the value and sustainability of revenue streams [7] - For B2B, the evolution from tools to platforms allows for smarter data analysis and automation, increasing customer lifetime value and opening new commercial scenarios [7] - For B2C, large models enable scalable distribution of AI-generated content, enhancing user engagement and willingness to pay [7] Future Outlook - The emergence of multi-modal large models presents vast development potential, especially in video generation, which requires substantial computing power and presents higher technical barriers [9][10] - The AI landscape is expected to evolve towards a market-driven model, where companies with strong market presence and application scenarios will achieve commercial success [20] - The future of AI companies in China is promising, with a rich digital consumption market, a complete industrial chain, and strong policy support [21][22]

Core Insights - The rapid evolution of AI large models is creating significant industrial and investment opportunities, particularly in the areas of computing power, application deployment, and ecosystem competition [3][4][8] - Companies should focus on targets with a combination of competitive advantages and growth potential, especially in infrastructure and vertical application sectors [3][4] Group 1: Industry Trends - The demand for computing power is continuously increasing due to the growing complexity of model parameters and inference, leading to a long-term upward trend in the need for AI infrastructure [3] - The acceleration of application deployment is driven by the enhanced capabilities of large models, resulting in reduced costs for business automation and the emergence of new SaaS and AI applications [3][4] - Competition among leading model vendors is intensifying, potentially leading to increased industry concentration, where smaller firms without differentiated positioning may struggle to survive [3][4] Group 2: Company Strategy - The company has maintained a global strategy and aims to empower creators through creative software, focusing on simplifying user experiences by packaging complex user needs into accessible products [4][6] - The launch of the Wankang Tianmu multimedia large model 2.0, in collaboration with Huawei, has positioned the company as a leader in quality, inference speed, and controllability in the video model sector [5][11] - The company is adopting a "dual-mode drive" strategy, integrating mainstream large models into its products while advancing its own Tianmu model to ensure competitive advantages [11][12] Group 3: Market Opportunities - The rise of large models is transforming enterprise software from single-function tools to intelligent platforms, enhancing customer retention and lifetime value [8][9] - The ability of large models to open new commercial scenarios is creating additional revenue streams for AI companies, expanding their growth potential [8][9] - The market is increasingly valuing companies that can effectively integrate AI capabilities into their products, leading to higher valuations for those that can demonstrate strong user engagement and innovative applications [9][10] Group 4: Future Outlook - The company believes that the future of AI will involve a significant shift in industry structure, with a focus on market-driven strategies and the integration of technology with user needs [23][24] - The Chinese AI market is expected to benefit from rich application scenarios, a complete industrial chain, and strong policy support, positioning it favorably in the global landscape [25][26] - Companies that excel in expanding business models, building industry-specific barriers, maintaining cost advantages, and ensuring strong customer loyalty are likely to emerge as leaders in the AI era [26][27]

Core Viewpoint - The rapid iteration of large models is driving an upgrade across the entire chain of computing power, data, and applications, reshaping future industries and investment landscapes [2]. Group 1: Industry Insights - The recent advancements in large models signify not just improvements in algorithm capabilities but a comprehensive upgrade in computing power, data, and applications [5]. - The demand for computing power is continuously rising due to the increasing model parameters and inference complexity, leading to a long-term upward demand for AI infrastructure such as high-performance GPUs and cooling systems [5]. - The acceleration of application deployment is evident as stronger large models reduce the costs of business automation and intelligence, leading to a new wave of SaaS and vertical AI applications [5]. - Competition within the ecosystem is intensifying, with leading model vendors forming platform capabilities and extending upstream and downstream, potentially increasing industry concentration [5]. Group 2: Company Strategy - The company has maintained a global strategy and focuses on empowering creators through creative software, adapting to the complexity of various application scenarios [6]. - The launch of the Wanxing Tianmu multimedia large model 1.0 and its subsequent upgrade to 2.0, in collaboration with Huawei, has positioned the company as a leader in quality, inference speed, and controllability in the industry [8]. - The company aims to cater to both B-end and C-end users by providing tailored solutions that address the specific needs of creators, whether they are individual users or enterprises [9]. Group 3: Market Opportunities - The productization of large models is significantly impacting both B-end and C-end markets, enhancing the valuation models in the software industry [10]. - For B-end users, large models are evolving from single-function tools to intelligent platforms, increasing customer retention and lifetime value [10]. - For C-end users, large models are enabling new content and interaction forms, enhancing user willingness to pay and driving market valuation for companies that can create popular applications [10]. Group 4: Future Outlook - The company is focused on a "dual-mode drive" strategy, integrating mainstream large models while advancing its own Tianmu model to ensure competitive advantages and user satisfaction [12]. - The company believes that the future of AI applications will increasingly rely on the integration of AI capabilities into internal operations to enhance efficiency and competitiveness [21]. - The Chinese AI industry is expected to thrive due to its rich application scenarios, complete industrial chain, and strong policy support, positioning it favorably in the global market [24].