Kunlun(SZ:300418) Ge Long Hui A P P·2025-12-23 06:29Core Viewpoint - The report from Zhongyou Securities highlights Kunlun Wanwei's proactive layout in world models and emphasizes the ongoing advancements in AI computing power chips [1] Group 1: Company Developments - Kunlun Wanwei is focusing on world models, which are generative AI models capable of simulating real-world environments and generating videos based on multimodal inputs such as text, images, videos, and motion [1] - The company plans to further develop and open-source Matrix-3D by August 2025, which can generate navigable high-quality 3D scenes from a single image, applicable in gaming, film, virtual reality, and embodied intelligence [1] - Matrix-3D has outperformed mainstream models like 360DVD, Imagine360, and GenEx on multiple evaluation metrics and has achieved state-of-the-art results in panoramic video generation tasks, highlighting its technological rarity and leadership [1] Group 2: Future Growth Potential - The company is continuously iterating its AI products, with several maintaining industry leadership, and the upcoming product launches are expected to create new growth momentum [1] - As of the closing price on December 19, the corresponding price-to-earnings ratios are -114, 3951, and 183 times, maintaining a "buy" rating [1]