Investment Rating - The report rates the industry as "Buy" [5] Core Insights - The AI application competition is intensifying, with major players like Yuanbao, Qianwen, and Doubao launching various promotional activities to capture AI traffic [2][8] - Internet penetration in China has surpassed 80%, with a user base of 1.125 billion, indicating a significant market for digital advertising [14][15] - The advertising market shows signs of recovery, with a notable increase in ad spending starting from July 2025, particularly during the November shopping festival [15] Summary by Sections AI Application Competition - During the 2026 Spring Festival, Yuanbao launched a 1 billion RMB cash red envelope campaign, while Qianwen initiated a 3 billion RMB promotional event focused on food delivery [8][10] - On February 6, 2026, these three AI applications dominated the iPhone app download charts, with Yuanbao and Qianwen reaching the top positions [10][12] Internet Penetration and Advertising Market - According to CNNIC, the internet penetration rate in China reached 80.1% in 2025, with 602 million users engaging with generative AI applications [14] - The advertising market has shown a recovery trend, with ad spending growth rates exceeding double digits from September to November 2025, peaking at 16.6% during the shopping festival [15][16] Recommended Stocks - The report recommends several companies across different sectors that are expected to benefit from the AI ecosystem, including: - **Gaming**: Century Huatong, Giant Network, Perfect World, and others [13] - **Film and Television**: Mango Super Media, Wanda Film, and Shanghai Film [13] - **Marketing**: Easy Point and Worth Buying [13] Industry Performance - The SW Media Index fell by 3.30% from February 2 to February 6, 2026, underperforming compared to major indices [5]

证券代码：300785 证券简称：值得买 公告编号：2026-008 1、董事长：隋国栋先生 2、非独立董事：刘峰先生、刘超先生、陈莹倩女士、许欢先生（增选） 北京值得买科技股份有限公司 关于完成第四届董事会非独立董事增选的公告 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。 北京值得买科技股份有限公司（以下简称"公司"）于 2026 年 2 月 6 日召 开的 2026 年第一次临时股东会，审议通过了《关于增选许欢先生为公司第四届 董事会非独立董事的议案》。现将有关情况公告如下： 一、增选的非独立董事情况 为完善公司治理结构，结合公司实际情况，分别于 2025 年 11 月 18 日、2025 年 12 月 8 日召开第四届董事会第九次会议及 2025 年第二次临时股东会，审议通 过了《关于修订<公司章程>的议案》，董事会席位由 7 名调整为 8 名，增加 1 名非独立董事，独立董事 3 名（包括 1 名会计专业人士）保持不变，职工董事 1 名。公司于 2026 年 2 月 6 日，公司召开 2026 年第一次临时股东会，审议通过了 《关于增选许欢先生为公司 ...

上海泽昌律师事务所 关于 北京值得买科技股份有限公司 2026年第一次临时股东会的 法律意见书 上海市浦东新区向城路 288 号国华人寿金融大厦 1107A 室 电话：021-61913137 传真：021-61913139 邮编：200122 二〇二六年二月 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东会所涉及的相关事项 进行了必要的核查和验证，核查了本所认为出具该法律意见书所需的相关文件、 资料，并出席参加了公司本次股东会的全过程。本所保证本法律意见书所认定的 事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误 导性陈述或者重大遗漏，并愿意承担相应法律责任。 上海泽昌律师事务所 法律意见书 上海泽昌律师事务所 关于北京值得买科技股份有限公司 2026 年第一次临时股东会的 法律意见书 泽昌证字 2026-01-04-01 致：北京值得买科技股份有限公司 上海泽昌律师事务所（以下简称"本所"）接受北京值得买科技股份有限公司 （以下简称"公司" ...

证券代码：300785 证券简称：值得买 公告编号：2026-007 北京值得买科技股份有限公司 2026 年第一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。 特别提示： 1、本次股东会无增加、变更、否决议案的情形； 2、本次股东会未涉及变更前次股东会决议； 3、本次股东会以现场表决与网络投票相结合的方式召开。 一、会议召开情况 1、北京值得买科技股份有限公司（以下简称"公司"）2026 年第一次临时 股东会通知于 2026 年 1 月 21 日在证监会指定信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）上以公告形式发出，本次股东会采取现场投票及 网络投票相结合的方式召开。 2、会议召开方式：现场表决与网络投票相结合。 3、会议召开时间： （1）现场会议时间：2026 年 02 月 06 日 14:30 （2）网络投票时间：2026 年 02 月 06 日 通过深圳证券交易所交易系统进行网络投票的时间为 9:15—9:25，9:30— 11:30 和 13:00—15:00； 6、会议主持人：董事长隋国栋先生 ...

格隆汇2月6日｜A股市场AIGC概念股集体下跌，其中，浙文互联跌9%，昆仑万维、粵传媒跌超7%，宣 亚国际、天下秀跌超5%，中控技术、值得买跌超4%，因赛集团、省广集团、华策影视、利欧股份、中 文在线、岩山科技跌超3%。 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 600986 | 浙文互联 | 1 | -9.09 | 210亿 | 80.43 | | 300418 | 昆仑万维 | 1 | -7.56 | 688亿 | 31.37 | | 002181 | 粵传媒 | | -7.45 | 131亿 | 31.21 | | 300612 | 宣亚国际 | 1 | -5.95 | 35.64 乙 | 10.89 | | 600556 | 天下秀 | | -5.75 | 133亿 | 21.58 | | 688777 | 中控技术 | 1 | -4.32 | 688亿 | 76.23 | | 300785 | 值得买 | | -4.19 | 129亿 | 48.17 | | 300781 | 因塞集团 ...

A股市场AIGC概念股集体下跌，其中， 浙文互联跌9%， 昆仑万维、粵 传媒跌超7%， 宣亚国际、 天 下秀跌超5%， 中控技术、 值得买跌超4%， 因赛集团、 省广集团、 华策影视、 利欧股份、 中文在 线、 岩山科技跌超3%。 ...

责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 600986 | 浙文互联 | 1 | -9.09 | 210亿 | 80.43 | | 300418 | 昆仑万维 | 1 | -7.56 | 688亿 | 31.37 | | 002181 | 粵 传媒 | | -7.45 | 131亿 | 31.21 | | 300612 | 宣亚国际 | → | -5.95 | 35.64亿 | 10.89 | | 600556 | 天下秀 | | -5.75 | 133亿 | 21.58 | | 688777 | 中控技术 | 1 | -4.32 | 688亿 | 76.23 | | 300785 | 值得买 | | -4.19 | 129亿 | 48.17 | | 300781 | 因塞集团 | | -3.92 | 75.72亿 | 32.60 | | 002400 | 省广集团 | | -3.81 | 194亿 | 25.37 | | 300133 | 华策影视 | | -3.64 | 165 ...

2月6日早盘，AI应用端震荡下挫，截至9时37分，粤传媒、浙文互联跌停，石基信息、三维天地、新华 都跌超8%，值得买、光云科技等跟跌。 上证报中国证券网讯 2月6日早盘，AI应用端震荡下挫，截至9时37分，粤传媒、浙文互联跌停，石基信 息、三维天地、新华都跌超8%，值得买、光云科技等跟跌。 | 序号 | (435) | 名称 | 1 新 | 涨幅% ↑ | 涨跌 | | --- | --- | --- | --- | --- | --- | | 1 | 600986 | 浙文互联 | 13.97 | -9.99 | -1.55 | | 2 | 002181 | 粤传媒 | 11.00 | -9.98 | -1.22 | | 3 | 002153 | 石基信息 | 12.24 | -8.86 | -1.19 | | র্ব | 301159 | 三维大地 | 47.53 | -8.54 | -4.44 | | 5 | 002264 | 新华都 | 11.55 | -8.19 | -1.03 | | 6 | 920021 | 流全科技 | 12.47 | -6.45 | -0.86 | | 7 | 300612 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300785 | 值得买 | 67.65 | -11.55% | 24.73万 | | 17.17亿 | | 603888 | 新华网 | 24.29 | -6.29% | 41.87万 | | 10.26亿 | | 603000 | 人民网 | 23.74 | -5.76% | 65.97万 | | 15.82 Z | | 300987 | 川网传媒 | 20.90 | -4.70% | 15.31万 1 | | 3.21亿 | | 000681 | 视觉中国 | 26.80 | -3.49% | 71.93万 | | 19.44 Z | | 603533 | 掌阅科技 | 23.62 | -2.76% | 21.03万 | | 4.95 Z | | 301313 | 凡拓数创 | 30.58 | -2.74% | 5.53万 | | 1.69 Z | | 600640 | 国脉文化 | 14.12 | -2.35% | 20.0 ...

Investment Rating - The report maintains a positive outlook on the media and internet industry, particularly highlighting the growth potential driven by AI applications and content quality [1]. Core Insights - The media and internet industry index rose by 17.94% in January 2026, outperforming the Shanghai and Shenzhen 300 index, which increased by 1.65% [6][8]. - The film industry experienced a significant decline in box office revenue, with January 2026 box office at 1.965 billion yuan, down 69.15% year-on-year and 47.08% month-on-month [16][18]. - The gaming industry saw record-high user revenue, with actual sales revenue reaching 350.789 billion yuan in 2025, a year-on-year increase of 7.68% [30][34]. - The advertising market grew by 5.4% year-on-year in 2025, with notable increases in sectors such as telecommunications and personal goods [16]. - AI applications are rapidly advancing, with companies like Zhihui and Minimax listing in Hong Kong, indicating a strong market interest in AI commercialization [1][4]. Market Dynamics - The media industry index showed a strong performance in January 2026, with all sub-sectors experiencing growth, particularly advertising marketing, which rose by 35.73% [7][8]. - The film industry is expected to see a rebound in February 2026 due to the release of new films during the Spring Festival [25][29]. - The gaming market continues to expand, with a user base of 683 million, marking a historical high [30][34]. Sub-industry Data Tracking Film Industry - January 2026 saw a total of 41 films released, with a box office champion being "Zootopia" at 423 million yuan, accounting for 21.5% of the total box office [16][26]. - The average ticket price in January 2026 was 38.84 yuan, down 17.45% year-on-year [18]. Gaming Industry - The domestic mobile gaming market generated 257.076 billion yuan in revenue in 2025, a 7.92% increase year-on-year [30][34]. - The number of approved domestic game licenses increased significantly, with 177 games approved in January 2026, indicating a stable supply for the market [42][44]. Advertising Industry - The advertising market's total expenditure increased by 5.4% in 2025, with significant growth in sectors like telecommunications and IT products [16].