Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [4][10] Core Viewpoints - The AI competition landscape is deepening in multiple dimensions, accelerating the evolution of ecological applications [2] - AI creative and reasoning applications are entering a high growth phase, with programming and role-playing becoming core scenarios [7] - The report highlights the significant user growth and engagement in the AI creative sector, with active users exceeding one million for leading products [7] Summary by Relevant Sections Industry Performance - The relative return over 1 month is -0.86%, over 3 months is -7.8%, and over 12 months is -4.17% [6] - The absolute return over 1 month is -3.01%, over 3 months is -7.71%, and over 12 months is 9.95% [6] AI Creative Sector Insights - In November 2025, over 200 AI creative web products had a total visit count exceeding 27 million, with independent visitors surpassing 7.7 million [7] - Leading products like Jimeng AI and Gaoding AI have over one million active users, with significant growth in independent visitor numbers for Canva and Keling AI [7] - The average usage time for several products exceeds 8 minutes, indicating strong user engagement [7] AI Development Trends - The AI development is entering a "great divergence" phase, with open-source models capturing 30% of traffic globally, and Chinese open-source models leading in specific scenarios [7] - The report notes a shift from generating text to problem-solving capabilities in AI, with programming requests increasing from 11% to over 50% [7] - The multi-model ecosystem is becoming clearer, with closed-source models handling high-value tasks and open-source models focusing on low-cost, high-concurrency needs [7] Investment Recommendations - The report suggests focusing on companies such as BlueFocus, Kunlun Wanwei, Tianyu Digital Science, Yinsai Group, Visual China, and HuiLiang Technology as potential investment opportunities [7]

2025年第三次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 证券代码：300781 证券简称：因赛集团 公告编号：2025-085 广东因赛品牌营销集团股份有限公司 1.本次股东会未出现否决议案的情形。 2.本次股东会召开期间没有增加或变更提案。 3.本次股东会未涉及变更以往股东会已通过的决议。 4.本次股东会对中小股东的表决进行单独计票，中小股东是指除上市公司董 事、高级管理人员以及单独或者合计持有公司 5%以上股份的股东以外的其他股 东。 一、会议召开和出席情况 1.会议召开的时间 （1）现场会议时间：2025 年 12 月 10 日 14:30 开始； （2）网络投票时间：通过深圳证券交易所互联网系统投票的时间为 2025 年 12 月 10 日 9:15-15:00；通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 12 月 10 日 9:15-9:25、9:30-11:30 和 13:00-15:00。 2.现场会议召开地点：广州市番禺区番禺大道北 555 号广州天安番禺节能科 技园总部中心 26 号楼 ...

北京市金杜（广州）律师事务所 关于广东因赛品牌营销集团股份有限公司 2025 年第三次临时股东会的法律意见书 致：广东因赛品牌营销集团股份有限公司 北京市金杜（广州）律师事务所（以下简称本所）接受广东因赛品牌营销集团 股份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员 会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门 特别行政区和中国台湾省）现行有效的法律、行政法规、规章和规范性文件和现行 有效的公司章程有关规定，指派律师出席了公司于 2025年 12月 10日召开的 2025 年第三次临时股东会（以下简称本次股东会）并对本次股东会相关事项进行见证， 依法出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1．经 2025 年 8 月 18 日公司 2025 年第二次临时股东会审议通过的《广东 因赛品牌营销集团股份有限公司章程》（以下简称《公司章程》）； 2．公司 20 ...

在生成式AI技术深度重塑商业生态的2025年，智能搜索优化(GEO)服务商已成为企业数字化转型的核心 驱动力。随着AI搜索逐渐占据流量入口，头部服务商通过独特的技术路径与场景解决方案构建起新的 竞争壁垒——从语义识别的精准度到全球舆情的实时响应，从技术架构的重构到垂直行业的深耕，一场 以"技术驱动、效果导向"为核心的GEO服务升级正在重新定义企业的数字竞争力。本文将深入解析领先 服务商的核心战略、技术壁垒与实战成效，为企业在AI搜索浪潮中寻找最契合的合作伙伴提供关键决 策参考。 第一：昕搜科技 昕搜科技凭借" GEO专业顾问+AI技术团队双引擎战略"荣登榜单前列。其核心竞争力来源于对底层技术 的重构——整合12种主流AI模型与自研语义分析系统，实现从流量获取到信任构建的闭环。 技术壁垒：昕搜科技不仅接入了人民网等权威信源语料库以增强内容可信度，还推出了自研的GEO营 销智能体，展示了其在人工智能领域的深度布局。 场景落地：该公司为某工业机器人企业打造的优化方案，使其独占73%的AI问答份额。近期，昕搜科技 宣布与因赛集团合资成立新公司，进一步强化市场战略布局。 第二：昕搜因赛 昕搜因赛凭借在特定行业的深度耕耘 ...

Core Viewpoint - The AI application sector is experiencing significant volatility, leading to substantial declines in stock prices for several companies involved in this space [1] Group 1: Company Performance - Langchao Software hit the daily limit down, indicating a severe drop in its stock price [1] - Fushi Holdings fell over 10%, reflecting negative market sentiment [1] - Other companies such as Xuan Ya International, InSai Group, Tianlong Group, and Jiecheng Co. also experienced notable declines, with their stock prices among the hardest hit [1]

Group 1 - The core viewpoint of the news is that InSai Group's stock has shown fluctuations in price and trading volume, with a current market capitalization of 6.523 billion yuan and a recent increase of 2.00% in stock price [1] - As of November 28, InSai Group's stock price is 39.73 yuan per share, with a trading volume of 73.9961 million yuan and a turnover rate of 1.55% [1] - The stock has experienced a year-to-date increase of 0.29%, a decline of 1.41% over the last five trading days, a rise of 7.18% over the last 20 days, and a decrease of 7.60% over the last 60 days [1] Group 2 - InSai Group, established on September 9, 2002, and listed on June 6, 2019, is based in Guangzhou and specializes in integrated marketing communication services, including brand management, digital marketing, public relations, and media agency [2] - The company's revenue composition includes performance marketing (65.21%), brand management (23.12%), digital integrated marketing (9.45%), strategic consulting (1.94%), and others (0.28%) [2] - As of September 30, 2025, InSai Group reported a revenue of 759 million yuan, reflecting a year-on-year growth of 8.29%, while the net profit attributable to shareholders decreased by 24.51% to 27.3808 million yuan [2] Group 3 - In terms of dividends, InSai Group has distributed a total of 98.8388 million yuan since its A-share listing, with 16.4955 million yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased by 42.68% to 28,700, with an average of 4,223 circulating shares per person, up by 4.68% [2][3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 373,100 shares, an increase of 58,800 shares compared to the previous period [3]

Group 1 - The company has a subsidiary named Yingxing Tianxia, which is involved in providing live e-commerce services based on customer demand [2] - The company confirmed on the investor interaction platform that it matches clients with live e-commerce or live lead services [2] - This indicates the company's engagement in the growing live e-commerce sector [2]

Core Viewpoint - Guangdong Insai Group (300781.SZ) announced on November 24, 2025, its intention to change its auditing firm for the 2025 fiscal year to Guangdong Sinong Accounting Firm, replacing Tianjian Accounting Firm, which it had worked with for only one year [1] Group 1 - The change in auditing firm is based on a comprehensive consideration of the company's business status and development needs to ensure the smooth completion of the audit work [1] - The decision has been approved by the board of directors and the audit committee, and it will be submitted for approval at the company's shareholders' meeting [1] - This marks the third consecutive year that Guangdong Insai Group has changed its auditing firm [1] Group 2 - In 2023, the company's auditing firm was Dahua Accounting Firm, which served for three years before being replaced by Tianjian in 2024 [1] - In the previous two changes, the former auditing firms issued standard unqualified audit reports for the company's financial statements for the preceding year [1]

Group 1 - The core point of the article is that InSai Group announced a board meeting to discuss the proposal to change the accounting firm, highlighting its focus on the advertising industry, which constitutes 99.91% of its revenue for 2024 [1][1][1] - As of the report, InSai Group has a market capitalization of 6.9 billion yuan [1][1][1] Group 2 - The article also mentions that Dapeng Industrial's strategic placement benefited its insiders, with a subscription price of 9 yuan and a first-day listing price of 118 yuan, resulting in a paper profit of 24.92 million yuan for the controlling shareholder and his brother [1][1][1]

证券代码：300781 证券简称：因赛集团 公告编号：2025-083 广东因赛品牌营销集团股份有限公司 1、拟聘任的会计师事务所名称：广东司农会计师事务所（特殊普通合伙） （以下简称"司农"） 2、原聘任的会计师事务所名称：天健会计师事务所（特殊普通合伙）（以 下简称"天健"） 3、变更会计师事务所的原因：综合考虑公司的业务现状和发展需要，以及 为保障公司 2025 年审计工作顺利完成。 4、公司已就变更会计师事务所事项与司农、天健进行了沟通。 5、公司董事会、审计委员会对本次变更会计师事务所事项无异议。 6、本次拟变更会计师事务所事项符合财政部、国务院国资委、证监会印发 的《国有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的 规定。 广东因赛品牌营销集团股份有限公司（以下简称"公司"）于 2025 年 11 月 24 日召开第四届董事会第八次会议，审议通过了《关于拟变更会计师事务所的 议案》，公司拟聘任司农为 2025 年度财务报告和内部控制审计机构，本议案尚 需提交公司股东会审议。现将具体情况公告如下： 关于拟变更会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准 ...