Group 1 - AIGC software company Wanjing Technology (300624.SZ) has launched a global campus recruitment program for 2026 graduates, offering 500 high-quality job offers across various positions [1] - The recruitment covers five major categories: product, research and development, marketing, design, and functional roles, with a significant increase in demand for product and R&D positions [1] - Salaries for product and R&D positions start at 300,000 yuan annually, with R&D roles potentially reaching 1,000,000 yuan in the first year, while marketing and design roles can go up to 400,000 yuan [1] Group 2 - Wanjing Technology is intensifying its focus on the AI sector, having released Wanjing Tianmu 2.0 and launched its first AI Agent product, Wanjing Chaomei Agent, which allows users to create and call workflows for audio and video creation [2] - The company is establishing a global operations headquarters and creative software R&D center in Changsha, promoting high salaries and a desirable living environment to attract top talent [2] - The Changsha team of Wanjing Technology is nearing 1,000 members, with a new office building of over 25,000 square meters already in use, and a creative science park under construction that will accommodate nearly 10,000 employees [3]

Group 1 - AIGC software company Wanjing Technology (300624.SZ) has launched a global campus recruitment program for 2026 graduates, offering 500 high-quality job offers across five categories: product, research and development, marketing, design, and functional roles [1][3] - The recruitment program includes competitive salaries, with starting salaries for product and R&D positions at 300,000 yuan, and R&D positions potentially reaching 1,000,000 yuan in the first year; other roles start at 200,000 yuan, with marketing and design roles reaching up to 400,000 yuan [1][5] - The company emphasizes the importance of early internships for graduates, providing opportunities for early conversion to full-time positions and accelerated promotion qualifications for outstanding candidates [3] Group 2 - There is a significant increase in demand for product and R&D roles, with specific positions in strategic planning, rendering algorithms, recommendation algorithms, and mobile and desktop development [5] - Wanjing Technology is enhancing its AI capabilities, having recently launched Wanjing Tianmu 2.0 and its first AI Agent product, Wanjing Chaomei Agent, which allows users to create and call custom workflows for audio and video creation [5][7] - The company has opened its web-based AI video creation platform, Wanjing Tianmu Creation Square, and launched mobile AIGC applications on various app stores, achieving high rankings in global AI application lists [5][7] Group 3 - The recruitment program has expanded to include international locations such as Tokyo and Vancouver, providing graduates with a global platform [7] - Since its listing in 2018, Wanjing Technology has established a global operations headquarters and creative software R&D center in Changsha, significantly increasing its workforce and office space [7][9] - Wanjing Technology is recognized as a leading player in China's digital creative software sector, with a wide range of products and a strong global presence, often referred to as the "Chinese version of Adobe" [9]

金融界消息 截至2025年8月19日收盘，万兴科技（300624）报收于80.8元，上涨0.62%，换手率 10.59%，成交量18.13万手，成交金额14.80亿元。 资金流向方面，今日主力资金净流入7545.04万元，占比成交额5.1%。其中，超大单净流入1392.91万 元、占成交额0.94%，大单净流入6152.13万元、占成交额4.16%，中单净流出流出908.00万元、占成交 额0.61%，小单净流出6637.03万元、占成交额4.49%。 万兴科技最新一期业绩显示，截至2025一季报，公司营业总收入3.80亿元、同比增长6.06%，归属净利 润3281.42万元，同比减少227.93%，扣非净利润3767.91万元，同比减少265.49%，流动比率1.938、速动 比率1.938、资产负债率26.80%。 天眼查商业履历信息显示，万兴科技集团股份有限公司，成立于2003年，位于拉萨市，是一家以从事软 件和信息技术服务业为主的企业。企业注册资本19333.6324万人民币，实缴资本6000万人民币。公司法 定代表人为吴太兵。 通过天眼查大数据分析，万兴科技集团股份有限公司共对外投资了26家企业，参 ...

Group 1: Event Overview - The Global Product Manager Conference, co-hosted by CSDN and Boolan, recently opened in Beijing, showcasing the latest achievements and practical applications in the AI field, attracting top companies like ByteDance, Baidu, Zhihu, JD.com, and NetEase [1] - AIGC software company Wanjing Technology (300624.SZ) was invited to present its newly launched Wanjing Tianmu Multimedia Model 2.0 at the conference [1] Group 2: AI Market Insights - AI is deeply reshaping the internet and product innovation, driving B-end product transformation, with a focus on AI products that can retain users being crucial for defining leading companies [2] - According to iiMedia Research, the AI market in China is projected to reach 747 billion yuan in 2024 and exceed 1 trillion yuan by 2025, with an AI penetration rate of 89% in the internet sector [2] - Gartner predicts that by 2028, at least 15% of daily tasks will be autonomously completed by intelligent agents, and 33% of enterprise software will incorporate intelligent agents [2] Group 3: Wanjing Technology Developments - Wanjing Technology showcased a video generated by Wanjing Tianmu 2.0, highlighting its superior capabilities in handling complex scenes and generating professional-level audio-visual effects, making it a focal point of the conference [2] - The company is actively recruiting top talent in AI-related fields, launching a campus recruitment plan for 2026 graduates, with some positions offering annual salaries up to 1 million yuan [3] - Wanjing Technology has accelerated the development of a native application matrix based on Wanjing Tianmu 2.0, launching its first AI Agent product, Wanjing Chaomei Agent, which allows users to create and invoke personalized workflows for audio-visual creation [3] - The Wanjing Tianmu Creation Square (tomoviee.cn) has officially launched, along with mobile AIGC applications available on the Apple App Store and various Android stores [3] - Wanjing Tianmu 2.0 ranked in the top 4 of the SuperCLUE global list in July, surpassing OpenAI's Sora in comprehensive scoring, while the Wanjing Tianmu Creation Square ranked second in average visit duration according to Quantum Bit's July AI application report [3] Group 4: Company Positioning - Wanjing Technology is recognized as one of the most globalized and comprehensive digital creative software companies in China, with products distributed across over 200 countries and regions, and is often referred to as the "Chinese version of Adobe" [5]

Core Viewpoint - Wanjing Technology, known as the "Chinese version of Adobe," plans to go public in Hong Kong to leverage capital markets for AI transformation and globalization, but faces significant challenges including massive losses, intense competition, and controversies over capital operations [1] Group 1: AI Transformation and Competitive Landscape - In the AIGC era, Wanjing Technology has introduced AI features in video editing software, significantly enhancing creator efficiency, with AI-native application revenue expected to reach 67 million yuan in 2024, a 100% increase year-on-year, accounting for 4.65% of total revenue [2] - The company’s AI server usage has surged to over 500 million calls, leading to increased costs and a slight decline in gross margin, with AI revenue contributing less than 5% [2] - Industry insiders express concerns that Wanjing's resource disadvantages may limit its growth potential amid fierce competition in large model development [2] Group 2: Globalization Strategy - Wanjing Technology's globalization strategy has shown significant results, with overseas revenue expected to exceed 90% by Q1 2025, and gross margins 3.43 percentage points higher than domestic [3] - The company has expanded into the Middle East and Africa, with a 34% increase in government and enterprise revenue in 2024, and has established subsidiaries in North America, Japan, and Singapore [3] - However, high localization costs have led to a dramatic 85.73% year-on-year drop in net cash flow from operating activities in 2024, raising concerns about compliance with local regulations and geopolitical risks [3] Group 3: Financial Challenges - Despite a high gross margin of 93.22%, Wanjing Technology reported a net loss of 163 million yuan in 2024, with continued losses in Q1 2025 [4] - Sales expenses reached 849 million yuan in 2024, a 17.42% increase, driven by social media advertising and rising traffic costs, while R&D expenses grew by 9.9% to 442 million yuan [4] - The company’s period expense ratio exceeded 100% for the first time, indicating ongoing financial strain [4] Group 4: Market Competition - Wanjing's core product, Filmora, accounts for 67.06% of software revenue, facing competition from Adobe Premiere Pro and ByteDance's CapCut, which dominate the high-end and entry-level markets respectively [9] - Filmora's pricing strategy is under pressure, with a sales expense ratio of 58.95%, significantly eroding profits [9] - The competitive landscape is challenging, with major players like Adobe and ByteDance leveraging their resources to overshadow Wanjing's growth prospects [9] Group 5: Capital Operation Controversies - Wanjing Technology's capital operations have faced scrutiny, including the early redemption of bonds at a price significantly lower than market value, which harmed small investors [10] - The company's major shareholders have sold over 1 billion yuan worth of shares since its IPO, raising concerns about management's commitment to investor interests [10] - The trust between management and investors has been severely damaged, leading to ongoing market skepticism regarding the company's governance [10] Group 6: IPO Prospects - Wanjing Technology plans to issue up to 15% of H-shares to raise funds for R&D, acquisitions, and debt repayment, with a focus on expanding its B-end market [11] - Despite a 6.06% revenue growth in Q1 2025, the company continues to face significant losses and rising marketing expenses [11] - The upcoming IPO is seen as a critical test of trust and profitability, with doubts about the sustainability of its business model amid fierce competition [11][14]

相关企业：深圳市脸萌科技有限公司、杭州影笑科技有限责任公司、上海影卓信息科技有限公司、杭州 小影创新科技股份有限公司、深圳市爱剪辑科技有限公司、上海哔哩哔哩动画有限公司、上海互盾信息 科技有限公司、深圳市网旭科技有限公司等。 关键词：视频剪辑软件行业产业链、视频剪辑软件行业市场规模、短视频行业市场规模、生产故事影片 数量 一、视频剪辑软件行业相关概述 内容概要：近年来，随着互联网和数字媒体的快速发展，视频内容的需求呈现出爆发式增长。无论是传 统的影视制作公司还是新兴的短视频平台，都对视频剪辑软件有着巨大的需求。同时，随着技术的不断 进步，视频剪辑软件也在不断升级，帮助剪辑师更加高效地完成工作，这在一定程度上拓宽了视频剪辑 软件的市场应用范围。数据显示，2019年中国视频剪辑软件行业市场规模为220亿元，到了2024年行业 市场规模增长至520亿元，年复合增长率为18.8%。预计未来随着短视频和直播行业的快速发展，以及 用户对高质量视频内容的需求不断增加，视频剪辑软件市场的规模将持续扩大。 相关上市企业：万兴科技（300624）、快手-W（01024）、腾讯控股（00700）、百度集团-SW （09888）、哔 ...

Core Insights - The IPO market this week highlighted the acceptance of unprofitable companies, with Xi'an Yicai being the first unprofitable firm to pass the review for the Sci-Tech Innovation Board [2][4] - Various companies, including Wanjing Technology and Junsheng Electronics, are planning to list in Hong Kong, indicating a trend of seeking international capital to expand their businesses [2][3] Group 1: Approval Status - Zhejiang Kema Materials Co., Ltd. received approval for its IPO on the Beijing Stock Exchange, focusing on the development and production of friction materials [4] - Xi'an Yicai successfully passed the review for its IPO on the Sci-Tech Innovation Board, marking a significant step for unprofitable companies in the capital market [4][5] - Dapeng Industrial's IPO was approved despite its net profit being below the commonly accepted threshold of 40 million yuan [6] Group 2: Newly Listed Companies - Jiangsu Zhonghui Biotechnology Co., Ltd. debuted on the Hong Kong Stock Exchange with a share price of 12.9 HKD, achieving a remarkable opening increase of 155.81% [7][8] - Guangdong Construction Science Research Institute Group Co., Ltd. successfully listed on the Growth Enterprise Market, raising approximately 6.87 billion yuan with a first-day closing price reflecting a 418.45% increase [10] - Zhejiang Zhigao Machinery Co., Ltd. listed on the Beijing Stock Exchange, with a closing price of 57.66 yuan per share, marking a 231.19% increase [11] - Guangzhou Yinnuo Pharmaceutical Group Co., Ltd. listed on the Hong Kong Stock Exchange, raising 6.35 billion HKD, with a first-day peak increase of 296.15% [12] Group 3: Companies Filing for IPO - Wanjing Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international business footprint [13] - Junsheng Electronics submitted its application for an IPO on the Hong Kong Stock Exchange, marking its second attempt after a previous application lapsed [14] - Hunan Junxin Environmental Protection Co., Ltd. aims to expand its financing channels through an IPO, focusing on sustainable development in the environmental sector [15] - Shenzhen Yuntianlfei Technology Co., Ltd. filed for an IPO, targeting the AI sector with a focus on computer vision and algorithm development [16] - Leshushi Ltd. is seeking to capitalize on the home comfort system market by filing for an IPO, aiming to integrate resources in the smart home sector [17] - Xinnengda submitted its IPO application, focusing on lithium battery solutions for consumer electronics and automotive sectors [18] Group 4: Market Dynamics - Wendo Li Sunshade Materials Co., Ltd. withdrew its IPO application after a lengthy review process, highlighting challenges in the market despite its accolades [20][21]

Core Viewpoint - The role of product managers is evolving significantly due to advancements in AI technologies, particularly large models and agents, which are reshaping workflows and industry dynamics [1][6][10]. Group 1: Conference Overview - The 2025 Global Product Manager Conference, co-hosted by CSDN and Boolan, gathered over 1,000 attendees and featured insights from more than 40 experts in the internet and technology sectors [1]. - The conference highlighted the establishment of the Singularity Intelligence Research Institute, aimed at advancing AI technologies and their industrial applications [3][5]. Group 2: AI Industry Trends - Li Jianzhong, the director of the Singularity Intelligence Research Institute, emphasized that AI is experiencing exponential growth across various dimensions, including foundational models and human-computer interaction [6][10]. - The transition from training to reasoning paradigms in foundational models is driven by reinforcement learning, allowing models to learn from dynamic environments and accumulate experiential data [10][11]. Group 3: Application Development Paradigms - The concept of "Vibe Coding" is emerging, which allows for the creation of customizable software experiences through natural language, potentially reducing production and delivery costs [12]. - AI applications are evolving towards a service-oriented model, where natural language interfaces will redefine user interactions with intelligent systems [13][14]. Group 4: Generative AI and Product Innovation - The introduction of Skywork Super Agents by Kunlun Wanwei represents a significant advancement in AI productivity tools, capable of drastically reducing work time from 8 hours to 8 minutes [18][19]. - The AI industry is witnessing a shift towards specialized models rather than generalized agents, as industry-specific data is crucial for effective AI applications [23]. Group 5: User Experience and Interaction Design - The evolution of interaction methods from command lines to graphical interfaces and now to conversational interfaces presents unique challenges and opportunities for product managers [25]. - Effective GenAI product design requires a focus on context awareness and seamless integration with existing tools to enhance user experience [26][29]. Group 6: Future Outlook - The AI landscape is expected to foster a new generation of product managers who will lead innovations in AI products and business models, with a focus on rapid monetization and profitability [24][41]. - The importance of open-source models is growing, as they facilitate collaborative innovation across the AI industry, enabling faster development cycles and broader participation [44][45].

Group 1 - The 2025 Google Developer Conference commenced in Shanghai, focusing on cutting-edge fields such as Android, AI, Web, and Cloud, providing comprehensive technical support and communication opportunities for top developers and tech companies [1] - Wondershare Filmora, a video creation software under Wanxing Technology Group, was the only video editing product selected for the keynote speech, showcasing its technological breakthroughs in AI video creation [1] - The latest breakthrough of Wondershare Filmora's "AI One-Click Video Creation" feature was highlighted, achieving a 70% improvement in integration efficiency through deep integration with Google's Gemini 2.5 Flash capabilities [1] Group 2 - Wondershare Filmora has launched over ten AI features, including text-to-video, image-to-video, and smart subtitles, enhancing video creation efficiency and quality [2] - Wanxing Technology, the company behind Wondershare Filmora, is a leading A-share listed company in China's digital creative software sector, with a broad product coverage, significant revenue scale, and a high degree of globalization, operating in over 200 countries and regions [2] - The company is accelerating the development of a native application product matrix and an AIGC creative software matrix based on large models [2]

证券日报网讯万兴科技8月13日在互动平台回答投资者提问时表示，公司严格按照规定履行信息披露义 务，但股票价格受到二级市场多种因素影响，走势存在较大的不确定性，敬请理性决策，注意投资风 险。 （文章来源：证券日报） ...