传媒行业周报：腾讯发布新一代大模型混元Turbo，性能超群兼具性价比

Industry Investment Rating - The report maintains a "Recommend" rating for the media industry [1] Core Views - Tencent released its new-generation large model "Hunyuan Turbo," which improves inference efficiency by 100% and reduces costs by 50% [1] - The price of Hunyuan Turbo is 0.05 yuan per 1,000 tokens for output and 0.015 yuan per 1,000 tokens for input, making it more affordable for enterprises and developers [1] - Step-1X, an image generation model by Jieyue Xingchen, focuses on deep semantic alignment and detail generation, optimized for Chinese cultural elements [1] - Zhizhi Huazhang completed a financing round with a pre-investment valuation of 20 billion yuan, supported by state-owned capital [1] - The report suggests focusing on three major AI application scenarios in the media sector: gaming/film, AI education, and companies developing AI models or products [1] Market Performance - The Shenwan Media Index fell by 0.74% from September 2 to September 6, 2024 [7] - Top gainers in the media sector included Shengyibao (002095 SZ) and *ST Wentou (600715 SH), while top losers included Guangxi Broadcasting (600936 SH) and 365 Net (300295 SZ) [7] Key Industry News - Jieyue Xingchen launched Step-1X, an image generation model with deep semantic alignment and detail generation capabilities, optimized for Chinese cultural elements [11] - Zhizhi Huazhang secured financing with a pre-investment valuation of 20 billion yuan, led by Zhongguancun Science City Company [12] - Alipay introduced "Zhi Xiaobao," a service-oriented AI native application, marking the first of its kind in China [13] - Zhiyuan Research Institute launched FlagEval, the world's first model evaluation service including text-to-video capabilities [14] Company Announcements - Qitian Technology (300061 SZ) announced a change in control, with Shenzhen Qicaihong Haoyue Technology becoming the new controlling shareholder [15] - Gibbit (603444 SH) announced a semi-annual dividend of 4.50 yuan per share [16] - Huayang Lianzhong (603825 SH) returned 130 million yuan of temporarily used raised funds to the dedicated account [16] - Jishi Media (601929 SH) completed a share repurchase of 50.9135 million shares, accounting for 1.46% of the total shares [17] - Chinese Media (600373 SH) provided a guarantee of 450 million yuan for its subsidiary Jiangxi Xinhua Distribution Group [17] Investment Recommendations - The report recommends focusing on AI applications in gaming/film, AI education, and companies developing AI models or products [22] - Specific recommendations include companies like 37 Interactive Entertainment (002555 SZ), Century Huatong (002602 SZ), Wanda Film (002739 SZ), and Giant Network (002558 SZ) [22]