Hanvon(SZ:002362) Xin Hua Wang·2025-08-12 05:48Core Viewpoint - Hanwang Technology has officially launched the Hanwang Tiandi large model, which covers various industries such as ancient Chinese, law, education, and office work, showcasing its five commercialization capabilities: data privatization, low-cost computing power, deep specialization, real-time knowledge, and precise generation [1][2]. Group 1: Product Launch and Features - The Hanwang Tiandi large model is designed for private deployment, allowing enterprises to access the model starting from a cost of 500,000 yuan [1]. - The model includes nine foundational capabilities such as multimodal processing, semantic understanding, logical reasoning, mathematical computation, knowledge search, tool invocation, content generation, multilingual support, and multi-turn dialogue, built on Hanwang's 30 years of AI technology [2]. - The rapid deployment of the Hanwang Tiandi large model across various industries indicates a shift from competing on general parameters to innovating in industry-specific applications [3]. Group 2: Market Context and Competition - The large model market in China has seen over 100 products launched as of July this year, with more than 300 generative AI products available [4]. - Regulatory approval processes are underway for many large model products, with over 40 models in Beijing alone undergoing safety self-assessment [4]. - Hanwang Technology is focusing on industry-specific models rather than competing in the general large model space, leveraging its understanding of industry data and background knowledge [3][5]. Group 3: Financial Performance and Market Trends - The large model trend has positively impacted Hanwang Technology's stock price, which increased by over 150% from the beginning of the year until early March, reaching over 40 yuan per share, before falling to 25.21 yuan per share by October 12, with a total market value of less than 6.2 billion yuan [2][3]. - The company aims to keep training costs manageable by focusing on specialized databases for industry-specific models, which are more appealing to clients due to lower costs and greater flexibility [5].