“新易中天”狂飙

Core Viewpoint - The recent surge in A-share market, particularly the "New Yi Zhong Tian" combination of companies, is attributed to the emerging concept of "GEO" (Generative Engine Optimization), which is seen as a key strategy for businesses to capture traffic in the AI era [2][4][10] Company Performance - Yidian Tianxia (301171.SZ) has seen a stock price increase of 72.86% since the beginning of 2026, with a revenue of 2.717 billion yuan, reflecting a year-on-year growth of 54.94% and a net profit of 204 million yuan, up 4.41% [3][19] - Zhongwen Online (300364.SZ) recorded a stock price increase of 47.37%, with revenue of 1.011 billion yuan, a year-on-year growth of 25.12%, but a net loss of 520 million yuan, which is a 176.64% increase in losses compared to the previous year [3][20] - Tianlong Group (300063.SZ) experienced an 82.26% increase in stock price, with revenue of 5.459 billion yuan, a decline of 5.84% year-on-year, but a net profit of 111 million yuan, showing a significant increase of 129.06% [3][19] Market Dynamics - The GEO market is projected to grow significantly, with the global GEO service market expected to reach $3.5 billion by 2026, reflecting a compound annual growth rate (CAGR) of over 140% [4][16] - In China, the GEO market has reached 4.2 billion yuan, with a CAGR of 38%, and over 68% of medium to large enterprises are incorporating GEO into their annual marketing budgets [4][16] Investment Trends - The "New Yi Zhong Tian" combination has become a market focus due to perceived synergies and foundational business layouts related to GEO, leading to increased capital market attention [5][18] - Other AI marketing concept stocks, such as Liou Shares and Inertia Media, have also shown strong performance, with BlueFocus's stock price nearly doubling since the end of last year [18] Conceptual Risks - Despite the promising outlook for the GEO sector, there are concerns about the disconnect between current valuations and actual business performance, indicating a potential "concept premium" risk [19][21] - The actual contribution of GEO-related business to revenue for the "New Yi Zhong Tian" companies remains unclear, and the association between their performance and the GEO concept lacks substantial verification [19][22] Industry Outlook - The AI industry is entering a new phase where applications are expected to dominate, with predictions that 2026 will be a pivotal year for AI applications driven by technological advancements and market demand [10][23] - Analysts emphasize the need to differentiate between genuine technological capabilities and speculative investments in the AI application sector [25]