传媒互联网行业周报：火山原动力大会即将召开，持续看好AI+、IP+

Industry Rating - The media and internet industry is rated as "Outperform" [1][4] Core Views - The media sector rose by 6.38% this week, outperforming the CSI 300 (+0.30%) and the ChiNext Index (+0.62%) [1][15] - The media sector ranked 3rd in terms of weekly performance among all sectors [1][16] - Key events include the upcoming Volcano Engine FORCE Conference, OpenAI's new video chat and screen sharing features, and tax incentives for cultural enterprises [1][20] Sector Performance - Top gainers in the media sector this week include Yue Media (+61%), Tianyu Digital (+51%), and Visual China (+50%) [16] - Top losers include Leo Group (-23%), Liujin Technology (-8%), and Zhaoxun Media (-7%) [16] Key Events and Developments - OpenAI introduced video chat and screen sharing features, enhancing ChatGPT's interactivity and practicality [17] - The Volcano Engine FORCE Conference will be held on December 18-19, focusing on AI+X capabilities and industry applications [20] - ByteDance's Doubao PC version video generation feature is now in beta, allowing users to generate up to 10 videos daily [20] - Tax incentives for cultural enterprises include a corporate income tax exemption until December 31, 2027 [20] Industry Data Updates - Weekly box office revenue reached 312 million yuan, with top films being "Good Stuff" (77.64 million yuan, 25.2% market share), "Break Hell" (42.47 million yuan, 13.8%), and "Lone Star Project" (39.86 million yuan, 12.9%) [21][25] - Top-performing variety shows include "Goodbye Lover Season 4," "Sound of Life: Greater Bay Area Season," and "Let's Go Now Season 2" [32][33] - Top mobile games in October 2024 by revenue include "Whiteout Survival," "PUBG MOBILE," and "Genshin Impact" [38][39] Investment Recommendations - Focus on AI applications and IP-related opportunities, particularly in the Doubao ecosystem, AI companionship/toys, and vertical applications [2][53] - Recommended stocks include Bubble Mart, Guangbo Co., Yaoji Technology, and Aofei Entertainment for IP-related opportunities [2][53] - In the gaming sector, recommended stocks include Kingnet, Giant Network, and G-bits [2][53] - For the film sector, focus on supply recovery and recommend Wanda Film, Maoyan Entertainment, and Enlight Media [2][53] - In the media sector, monitor advertising growth and recommend Focus Media, Mango Excellent Media, and Bilibili [2][53] Key Company Valuations - Key companies with "Outperform" ratings include Kingnet (PE 2024E: 15), Focus Media (PE 2024E: 36), and Mango Excellent Media (PE 2024E: 31) [3][56]