PRIMARIUS(SH:688206) Minsheng Securities·2025-10-07 05:00Investment Rating - The report maintains a "Hold" rating for the industry [6] Core Insights - Sora 2 is seen as a pivotal moment for AIGC video, creating a closed-loop business model that stimulates demand through content platforms, ensures payment channels via Stripe, and supplies products through e-commerce platforms like Shopify and Etsy [3][25] - The report highlights three main directions for investment opportunities: 1. Sora 2 will further drive the AI infrastructure arms race among major tech companies [3][25] 2. There are significant market opportunities for traffic distribution platforms [3][25] 3. The IP licensing and compliance market is emerging as a blue ocean opportunity [4][25] Summary by Sections Last Week's Insights - Sora 2's launch has led to a significant rise in its app ranking, indicating a strong market response and potential for traffic distribution platforms [10] - The app introduces innovative AIGC social features such as Cameo and Remix, allowing users to create and share content easily [10] - OpenAI's new business model integrates content generation with e-commerce, enhancing user engagement and transaction efficiency [13][25] Industry News - The report notes the rapid growth in the integrated circuit design sector, with revenues reaching 289.3 billion yuan, a 17.7% year-on-year increase [29] - Major collaborations are highlighted, including OpenAI's partnership with Samsung and SK Hynix for storage solutions [30] Company News - The report details Gai Lun Electronics' acquisition plans, involving a total transaction value of 2.17384 billion yuan for stakes in two tech companies [33] - The report also mentions Hanbang High-Tech's strategic acquisition to enhance its capabilities in smart transportation [34] Market Review - The report provides a market overview, noting that the CSI 300 index rose by 1.99% last week, with the computer sector increasing by 2.68% [36]