Investment Rating - Industry rating: Recommended [4] Core Insights & Investment Recommendations - The official release of DeepSeek-V3.1 accelerates the formation of a domestic AI ecosystem. The new version enhances the model's performance in programming and search tasks, significantly reducing deployment costs for domestic computing power [2][22] - Nvidia plans to develop a new "China-specific" AI chip, B30A, which will outperform the current compliant chip H20. This reflects Nvidia's long-term optimism about China's computing power demand [3][23] - AI is currently one of the most certain investment directions amid global macroeconomic fluctuations. The performance gap between Chinese and American models is narrowing, and the open-source path is driving the rise of the domestic ecosystem [3][24] Market Overview - In the week of August 18-22, 2025, the Shanghai Composite Index rose by 3.49%, the CSI 300 Index by 4.18%, and the ChiNext Index by 5.85%. The SW Media Index increased by 5.17%, ranking 6th among 31 industries [10][11] - The top three sub-industries were Internet services, broadcasting, and gaming, with increases of 7.05%, 6.85%, and 5.38%, respectively [10][12] Sub-industry Data Film Industry - The top three films by box office for the week were "The Little Monster of Langlang Mountain" (26,970.4 thousand yuan, 31.9% market share), "Nanjing Photo Studio" (25,158.4 thousand yuan, 29.8%), and "Dongji Island" (10,011.2 thousand yuan, 11.9%) [26][27] Gaming Industry - The top three iOS games were "Honor of Kings," "Peacekeeper Elite," and "Crossfire: Gunfight King." The top three Android games were "Heartfelt Town," "My Leisure Time," and "Honkai: Star Rail" [29][30] TV Series Industry - The top three TV series by broadcast index were "A Mortal's Journey to Immortality" (83.9), "The Birth of All Things" (80.5), and "Sword Rose" (79.9) [31][32] Variety and Animation - The top variety show was "Earth Super Fresh" (79.7), followed by "Heart Signal Season 8" (77.2) and "Talk Show and Friends Season 2" (75.3) [33] - The top three animated shows were "Cang Yuan Tu" (315.8), "Happy Hammer" (287.6), and "A Mortal's Journey to Immortality" (296.7) [35]
DeepSeek-V3.1正式发布,英伟达计划开发新款“中国特供”芯片