港股AIGC概念股盘初拉升，智谱涨超9%，MINIMAX-WP、美图公司涨超5%，金山云、百度集团- SW、阿里巴巴-W涨超3%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the media industry [1] Core Insights - The gaming sector is expected to continue its high growth trajectory, driven by new game launches and seasonal demand during holidays [3] - The AI video model Seedance 2.0 by ByteDance is anticipated to accelerate the commercialization of AI-generated content in short dramas and films, benefiting companies with strong IP reserves and platform advantages [4] - The report highlights the competitive landscape among major AI model providers, which is enhancing foundational model capabilities and expanding applications in various sectors [30] Industry Overview - The media sector's performance is currently lagging behind the broader market, with the film sector showing stronger results compared to gaming [7] - Recent data indicates that "Goose Duck" topped the iOS free game chart, while "Peace Elite" led the iOS revenue chart in mainland China as of February 7, 2026 [10][14] - The film "Zootopia 2" achieved the highest box office revenue for the week, totaling 0.39 billion RMB, with a cumulative box office of 44.93 billion RMB [23] Game Sector Highlights - The game "Yuanmeng" has received over 20 million pre-registrations, indicating strong market interest and potential for high daily active users (DAU) [3] - The report recommends continued investment in gaming companies such as Perfect World, Xindong Company, and others, which are expected to benefit from the ongoing demand and new product cycles [3] AI Applications in Media - The advancements in AI models are expected to significantly reduce production costs and improve efficiency in the creation of short dramas and films, with companies like Reading Group and Shanghai Film poised to benefit [4] - The report emphasizes the importance of multi-modal AI applications in enhancing content richness and user engagement in the media sector [4]

Investment Rating - The report maintains a "Buy" rating for the media industry, highlighting strong performance in the sector compared to the broader market indices [1]. Core Insights - The media sector is expected to benefit from AI applications and consumer spending, with significant growth in digital marketing and advertising driven by AI technologies. Major internet companies are leveraging digital red envelopes to attract new customers for AI products during the Spring Festival [2][3]. - The report emphasizes the potential of the AIGC (AI Generated Content) sector, particularly in digital marketing, e-commerce, and AI-driven content creation, as key areas for investment [2][3]. Industry Overview - The media industry has shown resilience, with the Shanghai Composite Index and Shenzhen Component Index experiencing declines of -1.27% and -2.11% respectively, while the media sector has outperformed with significant gains [12]. - The report notes a resurgence in the digital marketing sector, particularly with the GEO (Geolocation) advertising model, which is expected to drive growth in 2026 [2][3]. Recommended Stocks and Rationale - Key stocks to watch include: - Wanda Film (002739): Actively embracing AI and participating in major Spring Festival films [3]. - Bona Film (001330): Expected to recover with participation in the Spring Festival film lineup [3]. - Mango Excellent Media (300413): Anticipated to benefit from AI integration in its core business [3]. - BlueFocus Communication Group (300058): A leading digital marketing firm actively adopting AI [3]. - Bilibili (9626.HK): Expected to see increased commercial value from community video content [3]. - The report suggests a focus on cinema chains and companies involved in the digital marketing and e-commerce sectors as potential investment opportunities [2][3]. Market Dynamics - The report highlights the competitive landscape in the AI-driven content creation space, with major players like Alibaba and ByteDance actively engaging in the AI Spring Festival initiatives [13][31]. - The cinema sector is gearing up for the 2026 Spring Festival with a diverse lineup of films, which is expected to attract various audience segments [14]. Financial Projections - The report provides earnings per share (EPS) forecasts for several companies, indicating a positive outlook for the media sector: - Huace Film & TV (300133): EPS projected to grow from 0.13 in 2024 to 0.27 in 2026 [7]. - Mango Excellent Media (300413): EPS expected to increase from 0.73 in 2024 to 0.82 in 2026 [7]. - Wanda Film (002739): EPS forecasted to rise from -0.43 in 2024 to 0.85 in 2026 [7].

1.【OpenAI与G42洽谈，拟为阿联酋打造专属ChatGPT】据报道，知情人士透露，OpenAI正与总部 位于阿联酋阿布扎比的G42公司合作，打造针对阿联酋定制的ChatGPT新版本。OpenAI员工透露， 该定制版专为阿联酋政府设计。据悉，具体细节仍在商讨中，但最终成果预计会是经过精细调整的 ChatGPT版本，它能流利地使用当地阿拉伯语，并可能设有内容限制。（搜狐） 2.【苹果拟允许第三方语音控制AI应用接入CarPlay】据报道，知情人士透露，苹果准备允许其他公 司的语音控制人工智能应用接入CarPlay系统。此举将使用户首次能够通过其车载界面与人工智能聊 天机器人交流。此前，苹果在其车载信息娱乐系统软件中仅允许自家Siri助手作为语音控制选项。 （每日经济新闻） 3.【海洋大模型"飞鱼-1.0"发布，助力智能化预报】由中国科学院南海海洋研究所与中国石油大学 （华东）联合研发的海洋智能大模型"飞鱼-1.0"7日在广州发布，这是面向南海区域的海-气双向耦 合智能大模型，可运用于南海气象、科研、生态等领域的智能化预报。据中国科学院南海海洋研究所 相关负责人介绍，基于多项核心技术创新，"飞鱼-1.0"大模 ...

梦瑶 发自 凹非寺 量子位 | 公众号 QbitAI 不是，谁也没跟我说今年的AI春节大战搞得这么猛猛猛啊！？！ 年还没到呢，可灵就超绝不经意甩出一个「过大年计划」：推出 可灵3.0 多模态全家桶。 让每个人，都能上桌当——大导演 。 我主打一个先尝为快！先看我导的这出《拳王》（赛博版）动作大戏，10秒钟狂切6个分镜头： 不光我一个人玩嗨了，各位脑洞大开的网友们也纷纷share自己的大作了，下面这小哥直接搓出来了个超燃篮球赛大片，并直言够逼真！！！ 还有网友感慨，以后拍电影怕是都不用找真人演员了，这不嘛，人家直接找AI演了波超抽象的家庭大戏，脑洞太大了… 反正这波实测下来我最直观感受就是: 智能分镜能力确实夯，模型确实更能理解镜头语言了，像文字和人物的一致性上表现也蛮超出预期。 具体哪些功能最好用、适合啥样的使用场景，我也帮友友们整理好了（省流版）： 好莱坞大片也是手拿把掐，10秒钟切换7个镜头，从引擎轰鸣火花飞溅，再到男女主激烈争执，让我这个导演有点汗流浃背了... 灾难片自然我也不在怕的，浓雾封城、街道废弃、广告牌疯狂摇晃……咋样，是不是有点《后天》内味儿了： 1） 智能分镜｜音画同步｜主体一致性： 特别 ...

基础普惠方面，万兴喵影桌面端的无水印导出及智能抠图、智能打光、美颜美型、智能遮罩、音频降 噪、钢笔工具、人声美化、智能人声分离、精准仿色等十余项专业剪辑付费功能，现已向用户普惠开 放。 万兴喵影桌面端同步限时开放自研资源库，包括特效、模板(不含AI资源)、滤镜、贴纸等内容，其中既 涵盖影视级特效与专业转场，也包含适用于品牌宣传、企业传播等场景的企业级与定制化素材，可满足 用户多元创作需求。 AI增值方面，万兴喵影桌面端采取"限免体验+按需付费"模式，面向用户开放图生视频、文生视频、视 频续写、AI绘画、语音转文字、文字转语音及智小喵(AI剪辑助手)等核心AI功能免费试用额度，并取消 登录设备数量限制。用户可在实际体验后，根据使用频率与创作需求选择相应增值服务。 近日，AIGC软件A股上市公司万兴科技（300624）(300624.SZ)加码推进创意平权，旗下风靡全球的新 一代视频创意平台万兴喵影桌面端迎来重磅升级，聚焦"视频免费剪，AI更出片"，率先在国内推行"基 础普惠+AI增值"的新模式，旨在推动视频创意行业从"基础功能赋能"迈向"AI驱动的专业剪辑"新阶段， 助力"人人都是创作者"的时代加速到来。 此次 ...

Core Viewpoint - AIGC software company Wondershare Technology (300624.SZ) is enhancing its video creative platform, Miao Ying, focusing on a new model of "free basic editing + AI value-added services" to promote the video creative industry towards an AI-driven professional editing phase, aiming to accelerate the era of "everyone is a creator" [1] Group 1: Product Upgrades - The latest version of Miao Ying desktop has undergone a significant upgrade, emphasizing "free basic editing, AI-enhanced output" [1] - Basic editing features and professional editing functions are now widely available to users, while some AI features will be charged as value-added services [3] - Users can experience the upgraded version by logging into the new platform (miao.wondershare.cn) [1] Group 2: Features and Accessibility - The desktop version now offers over ten professional editing features, including watermark-free export, smart background removal, and audio noise reduction, available for free to users [3] - A self-developed resource library is temporarily open, including effects, templates, and filters, catering to diverse creative needs [3] - AI value-added services are available on a "limited free trial + pay-per-use" basis, allowing users to experience core AI functions before deciding on paid services [3] Group 3: Market Position and Strategy - Wondershare Technology has established itself as a leading player in the digital creative software sector, with a global user base exceeding 2 billion [5] - The company has successfully integrated its products into the domestic ecosystem, partnering with brands like Huawei and Intel [4] - In the global AIGC video creative software market, Wondershare ranks first among independent providers in China based on projected 2024 revenue [6]

Core Viewpoint - NetEase Cloud Music has significant user payment potential, with a current online music payment rate of 21.4%, compared to Spotify's 39%, indicating room for improvement in monetization strategies [1] Group 1: Company Performance - The company is expected to achieve revenues of 7.935 billion, 8.692 billion, and 9.585 billion yuan from 2025 to 2027, with net profits of 2.684 billion, 2.215 billion, and 2.541 billion yuan respectively [1] - The company is projected to have an EPS of 12.32, 10.17, and 11.66 yuan for the years 2025 to 2027, with a PE ratio of 16 times in 2026 [1] - In 2023, the company turned profitable for the first time, with a gross margin recovery from -114.74% in 2018 to an expected 33.73% in 2024, marking a shift from growth through scale to value-driven monetization [1] Group 2: Industry Landscape - The global recorded music market is expected to reach 29.6 billion dollars in 2024, growing at 4.8% year-on-year, with streaming accounting for 69% of the market [2] - China is projected to grow at 9.6% in 2024, surpassing mature markets in the US and Europe, driven by enhanced copyright protection and local music innovation [2] - The competitive landscape in the online music sector shows Spotify leading globally with a 32% user share, while Tencent's platforms dominate domestically, with NetEase Cloud Music holding a 19% monthly active user share [2] Group 3: Strategic Advantages - The company differentiates itself through a community-driven music consumption model, focusing on social experiences rather than traditional tool-based platforms [1] - The content strategy includes a diverse range of genres and a significant number of independent artists, with 774,000 independent musicians and 4.4 million original songs nurtured through initiatives like the "Stone Plan" and "Cloud Ladder Plan" [3] - The company has established a high-engagement ecosystem, with 1.2 billion music reviews and an average daily listening time of 78.9 minutes per user, leading the industry in user stickiness [3]

▲ 戳蓝 色字关注我们！ 技术的价值不在于拥有，而在于应用——比尔·盖茨 真相1：冬奥开幕式首次"开源"，全民用AI搞创作 先说第一个震撼我的点——这届冬奥会直接把开幕式"开源"了！什么意思？国际奥委会和阿里云搞了一个AIGC全球大赛，全世界的普通人都可 以用阿里的万相AI生成冬奥文章。最后把成千上万个普通人创作的AI片段，剪成了一支叫《Your Epic Vibe》的开幕大片。 你想想看啊，以前奥运宣传片都是顶级制作团队，几千万预算，专业团队拍几个月。现在呢？一个家庭主妇在手机上输入"花样滑冰运动员在外太 空旋转"，15秒文章就出来了！这可不是闹着玩的——这是奥运百年历史上第一次把创作权交给全民。 有人说这不就是个营销噱头嘛？那你可太小看这个布局了。我在红杉的时候看过太多企业做品牌传播，我告诉你，这招叫"用户共创"，把80亿人 变成你的内容生产者，这传播效率是传统广告的几十倍！而且成本几乎为零。更关键的是什么？数据！每个人生成什么内容，点击什么风格，这 些数据全部回流训练模型。这才是真正的"羊毛出在猪身上"。 真相2：阿里千问成奥运首个官方大模型，AI变"中枢神经" 诶，但这还不是最狠的。 第二个真相——阿 ...

Group 1 - OpenAI launched the coding model GPT-5.3-Codex on February 5, which integrates the reasoning and expertise capabilities of GPT-5.2, achieving a significant performance leap and a 25% increase in operational speed, enabling it to handle long-term tasks involving research and complex execution [2] - Anthropic announced the release of the upgraded intelligent model Claude Opus 4.6 on February 5, which can plan more cautiously and execute tasks reliably in large codebases, generating detailed financial analysis reports that typically take days for humans to complete, leading to a significant drop in the stock price of financial services companies like FactSet by up to 10% [2] - Tencent launched the internal testing of its desktop agent tool "WorkBuddy" on February 6, marking its entry into the desktop agent market, with over 2,000 employees participating in the internal test, applying the tool in various scenarios such as data processing, content creation, and automated office tasks [2] - Zhiyuan Technology introduced the first multimodal memory platform MemoryLake, shifting AI focus from "data-centric" to "memory-centric," integrating large models and memory engines to address challenges in AI applications, serving over 15 industries and 15,000 enterprises, with significant improvements in decision-making speed [2]