智通财经APP获悉，1月13日，中信建投发布研报，给予MiniMax(00100)"买入"评级。在生成式AI浪潮 席卷全球的当下，MiniMax以"反共识"的战略定力，聚焦模型智力突破，正从行业竞争中脱颖而出。作 为上海首批获得大模型备案的企业，公司凭借技术深耕与商业化远见，展现出强劲的发展潜力。 MiniMax深刻洞察AI时代核心逻辑，摒弃"流量即壁垒"的传统思维，将资源极度聚焦于模型研发。公司 创始人闫俊杰兼具顶尖科研实力与ToB商业化经验，曾带领团队打造行业领先的人脸识别算法，创下超 20亿元的智慧城市业务收入，为公司技术落地与商业拓展奠定坚实基础。2025年战略重心转向"技术迭 代"后，通过精简低效团队、压缩营销开支，集中力量攻坚多模态交互等核心领域，推出Video-01、端 到端语音等创新模型，构建起差异化竞争优势。 技术层面，MiniMax精准把握Scaling Law下半场趋势，在架构创新与推理优化上持续突破。公司深耕多 模态领域，形成"高感官交互+生产力工具"的独特布局，Talkie/星野等C端产品积累海量RLHF数据，海 螺AI与开放平台则贡献高毛利现金流。2025年前三季度，公司实现总收入 ...

Core Viewpoint - The article discusses the launch of the Seedance 1.0 pro video generation model by Huoshan Engine, highlighting its advanced features and capabilities in AI video production, which positions it as a leading product in the market [1][77]. Group 1: Product Features - Seedance 1.0 pro includes multiple innovative models such as the video generation model, which has gained significant attention and popularity [1][79]. - The model allows for multi-angle combinations and seamless scene transitions, enhancing the storytelling aspect of video creation [9][13]. - It demonstrates high-quality motion rendering, accurately depicting physical dynamics and emotional expressions in generated videos [20][30][57]. Group 2: Performance Evaluation - The performance of Seedance 1.0 pro has been tested across various dimensions, including multi-camera setups, motion quality, emotional portrayal, camera movement, physical dynamics, and stylistic consistency [8][10][49][69]. - The model's semantic understanding is noted to be impressive, effectively translating prompts into visual outputs [15][18]. - The evaluation indicates that Seedance 1.0 pro excels in sports motion, emotional expression, and maintaining stylistic consistency, often exceeding expectations [77][78]. Group 3: Market Position - Seedance 1.0 pro is positioned as a top contender in the AI video generation market, with expectations to maintain its leading status for an extended period [77][78]. - The competitive landscape is acknowledged, with other companies also developing similar technologies, indicating a rapidly evolving market [77][78]. - The pricing for enterprise users is set at approximately 3.67 yuan for every 5 seconds of 1080P video, making it accessible for businesses [79].