投资评级：看好（维持） 行业走势图 数据来源：聚源 -29% -14% 0% 14% 29% 43% 2025-02 2025-06 2025-10 传媒 沪深300 相关研究报告 《《异环》三测及字节 AI 视频模型惊 艳，继续布局游戏/多模态 AI 应用— 行业周报》-2026.2.8 《Moltbook、元宝、Genie3 出圈，继 续布局 AI 社交/游戏/营销—行业点评 报告》-2026.2.2 《AI 入口争夺再升级，继续布局 AI 应用及游戏—行业周报》-2026.1.25 节后继续聚焦 AI 入口商业化、重磅新游及长青游戏 传媒 2026 年 02 月 23 日 请务必参阅正文后面的信息披露和法律声明 1/18 ——行业周报 方光照（分析师） fangguangzhao@kysec.cn 证书编号：S0790520030004 红包等系列春节运营活动或推动豆包/千问/元宝用户量大增及商业化加快 2 月 17 日，豆包宣布通过总台春晚为全国观众送出超过 10 万份科技好礼和现金 红包，帮用户生成了超过 5000 万张新春头像，写下了超过 1 亿条祝福语等，AI 总互动达 19 亿次；豆包视频生成 ...

从资金流向上来看，当日首发经济板块主力资金净流出5.13亿元，游资资金净流入1.95亿元，散户资金 净流入3.19亿元。首发经济板块个股资金流向见下表： 证券之星消息，2月13日首发经济板块较上一交易日下跌0.73%，值得买领跌。当日上证指数报收于 4082.07，下跌1.26%。深证成指报收于14100.19，下跌1.28%。首发经济板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Group 1 - The core point of the news is that Zhidingmai's stock price dropped by 5.02% to 61.55 CNY per share, with a trading volume of 712 million CNY and a turnover rate of 9.24%, resulting in a total market capitalization of 12.24 billion CNY [1] - Zhidingmai Technology Co., Ltd. is based in Beijing and was established on November 10, 2011, with its IPO on July 15, 2019. The company operates a content-based shopping guide platform, providing promotional services for e-commerce and brands [1] - The revenue composition of Zhidingmai includes: information promotion income at 41.83%, internet marketing platform income at 28.38%, operational service fees at 27.62%, brand marketing income at 2.00%, and product sales income at 0.17% [1] Group 2 - From the perspective of the top ten circulating shareholders, the Noan Fund has a fund that entered the top ten shareholders, holding 1.4898 million shares, which is 1.22% of the circulating shares, with an estimated floating loss of approximately 4.8419 million CNY [2] - The Noan Active Return Mixed A Fund (001706) was established on September 22, 2016, with a latest scale of 979 million CNY. It has a year-to-date return of 13.71%, ranking 871 out of 8890 in its category, and a one-year loss of 5.33%, ranking 8085 out of 8132 [2] - The fund manager of Noan Active Return Mixed A is Liu Huiying, who has been in the position for 3 years and 196 days, managing assets totaling 19.259 billion CNY, with the best fund return during her tenure being 88.57% and the worst being 21.87% [3]

Group 1 - The company, Worth Buying (300785), clarified on an interactive platform that it currently has no project cooperation with Tesla [1] - The company also stated that its international business has not yet engaged in cooperation with TikTok [1] - This clarification may impact market sentiment regarding the company's short-term business expansion expectations [1]

（文章来源：证券日报） 证券日报网讯 2月10日，值得买在互动平台回答投资者提问时表示，公司目前暂时没有和特斯拉开展项 目合作。公司国际化业务暂时尚未和TikTok（海外抖音）开展合作。 ...

格隆汇2月10日丨值得买(300785.SZ)在互动平台表示，公司目前暂时没有和特斯拉开展项目合作。公司 国际化业务暂时尚未和TikTok（海外抖音）开展合作。除中国大陆境内的经营实体之外，公司在中国香 港、美国和新加坡注册有子公司。 ...

Group 1 - The article discusses the growing trend of AI-generated video content across various industries, highlighting companies leveraging AI technology to enhance content creation and distribution efficiency [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58][59][60][61] Group 2 - Companies like 中文在线 and 捷成股份 are utilizing AI to transform scripts and text into video content, thereby reducing production barriers and enhancing IP monetization [1][2] - 万兴科技 and 流金科技 are focusing on AI video generation tools to support various sectors, including e-commerce and broadcasting, indicating a shift towards integrating AI in traditional industries [4][5] - The article emphasizes the potential for significant revenue growth as demand for AI-generated video content surges, with companies like 当虹科技 and 昆仑万维 already seeing rapid growth in their AI-related product revenues [9][10][11]

来源：环球网 近日，由国家市场监督管理总局发展研究中心指导、值得买科技主办的2025"值"通未来高校AI应用大赛 正式落幕。来自南开大学、中央财经大学、北京工商大学的多支学生团队围绕五大"AI+消费"课题展开 创新，最终22组作品分别获得一二三等奖。第二届高校AI大赛预计将于今年6月启动。 值得买科技集团副总裁王莹表示，比赛过程中最令人惊喜的是看到学生应用AI工具时展现出的想象 力、跨界融合能力与主动性，"年轻一代正在用'人智共生'的方式探索消费场景的未来可能"。国家市场 监督管理总局发展研究中心席倩倩认为，本次大赛体现了政产学研协同创新的价值，学生将前沿AI技 术与商科理论结合，为数字时代的平台治理与消费研究贡献青年智慧。南开大学商学院教授任星耀则表 示，来自一线的真实课题与赛事组织机制，既帮助学生更好地理解了"学以致用"，也促使他们在实践中 持续探索并形成新知识。 值得买科技表示，面向消费领域用户行为复杂、商品信息多变的行业特征，能够把AI能力转化为场景 价值的复合型人才正成为市场刚需。未来，值得买科技将继续以真实消费场景为牵引，深化与各领域伙 伴的协同共创，探索"以场景育人才、以实践促创新"的可复制路径 ...

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 ...