天风证券：DeepSeek V3.1版本正式发布，坚定看好中国AI投资机会

Core Viewpoint - The Chinese AI sector continues to show a positive trend with a dual resonance of models and applications, indicating a robust development in domestic AI capabilities and commercial applications [1] Group 1: Model Development - Domestic AI models are evolving continuously, with DeepSeek releasing version 3.1, which enhances code understanding and agent task execution capabilities [1] - The advancements in model capabilities and hardware compatibility reflect the formation of a collaborative optimization paradigm in the domestic AI industry, integrating "model + chip + application" [1] Group 2: Commercialization Trends - The commercialization of AI applications in the Hong Kong stock market is accelerating significantly [1] - Financial reports from internet companies confirm that investments in AI are yielding substantial returns, indicating a positive feedback loop in AI application development [1] - The synergy between domestic and international AI developments is expected to propel the Chinese AI application ecosystem into a rapid iteration phase, further reinforcing the trend of accelerated commercialization in China [1] Group 3: Investment Outlook - The overall outlook remains optimistic regarding medium to long-term investment opportunities in the Chinese AI sector [1]