智通财经APP获悉，近日，在深圳市证券业协会指导下，AIGC软件A股上市公司万兴科技(300624.SZ) 携手东方财富证券，成功举办"AI潮·新视界—走进上市公司万兴科技"投资者交流活动，吸引包括18家 机构内的39名投资者实地探访。万兴科技副总裁、董事会秘书刘江华等管理层出席活动，并通过AI主 题分享及高管对话等环节，向投资者深入解读公司在AIGC时代的战略布局与创新实践。 在全球化布局上，万兴科技已在北美、日韩等多地设立分公司及子公司，吸纳多语种、多文化背景人 才，持续深耕多语言市场，同时大力开拓非英语市场，深化国内市场的本地化运营，展现全球化优势。 万兴科技2024年加大移动端、云端等创新AI应用建设与推广力度，带动社媒曝光与粉丝数大幅增长， 进一步强化全球市场的品牌影响力。此外，公司主营业务以线上软件销售为主，不涉及实体清关，地缘 政治风险影响有限。 现场交流中，刘江华表示，后续万兴科技也将继续加强费控管理，持续提升经营效率，以更好的成绩回 报广大投资者。同时，未来将加大全球业务布局及本地化运营，保障公司业务持续健康发展。 刘江华表示，从PGC、UGC、AIGC到AI Agent，人人都是创作者正成 ...

Core Viewpoint - The 2024 Technology List focuses on the current status and development trends of high-tech and high-growth companies in China, aiming to identify and discover outstanding enterprises that are recognized by both the capital market and customers [2] Group 1: Company Overview - Wondershare Technology, founded by Wu Taibing in 2003, has grown into a leading A-share listed company in China's digital creative software sector, providing a wide range of creative software globally [2][4] - The company operates in over 200 countries and regions, with a cumulative global user base exceeding 1.5 billion [4] Group 2: Financial Performance - In 2024, Wondershare Technology reported a total revenue of 1.44 billion yuan, with its core video creative software generating 961 million yuan, marking seven consecutive years of positive growth [4] - The total number of paying users increased by over 20% year-on-year, while revenue from AI-native applications reached approximately 67 million yuan, reflecting a year-on-year growth of over 100% [4] Group 3: Product and Innovation - The company has launched several creative software products, including video editing software and AI-driven applications, and is recognized as the "Chinese version of Adobe" [4] - Wondershare Technology is advancing its AI model and AIGC application development, having introduced the first multimedia AI model in China, "Tianmu," and is collaborating with various model manufacturers to enhance its product matrix [5] Group 4: Strategic Initiatives - The company is constructing the first national digital creative science park in Changsha, with an investment of nearly 1 billion yuan and a planned area of nearly 100,000 square meters, capable of accommodating nearly 10,000 employees [5]

万兴科技官网显示，其2026届校招开放产品类、研发类、营销类、设计类和职能类岗位，工作地覆盖长 沙、深圳、杭州和日本东京等城市，具体薪酬根据岗位性质以及个人面试情况等综合因素确定。其中， 研发类的多个岗位，将有机会拿到"百万年薪"。入职长沙、深圳两地的实习生还可以视个人情况领取政 府补贴，最高达3000元；此外，实习生入职即可领取万兴科技产品全家桶VIP等大礼包。 公开资料显示，万兴科技是中国数字创意软件领域产品覆盖面广、营收体量大、全球化程度高的A股上 市公司，面向AIGC时代深度布局，业务覆盖200多个国家和地区，全球累计用户超15亿，旗下已推出万 兴喵影、万兴播爆等视频创意软件，Wondershare SelfyzAI等图片创意软件，万兴图示(原亿图图示)、万 兴脑图(原亿图脑图MindMaster)等绘图创意软件，以及万兴PDF等文档创意软件，被视为"中国版 Adobe"。 三一集团2026届校招提前批正式启动 本周，三一集团2026届校招提前批正式启动，面向2026届本科、硕士、博士毕业生进行提前批招募。此 次三一集团招募设计机械与结构设计、复合材料、塔筒设计、动力与能源、 质量与工艺、 软件与算法 ...

Group 1 - The 21st China (Shenzhen) International Cultural Industries Fair showcases the integration of culture and technology, with a focus on Hunan's cultural heritage and innovative achievements [3][6] - Hunan Museum and Hongrui Cultural Group have developed AI interactive digital display cabinets that allow visitors to engage with cultural relics and learn their historical significance [3][5] - The exhibition area of Hunan covers 1,134 square meters and features the theme "Huxiang Cultural Pulse, Sci-tech Future," attracting audiences from over 110 countries and regions [3][10] Group 2 - The "Digital Han Life" project, developed by Hunan Museum in collaboration with the Malanshan Cultural Digital Innovation Center, expands the application of artifacts from the Mawangdui Han Tomb through digital databases [8] - The Mawangdui pattern digital gene library is a systematic database based on over 3,000 Han Dynasty patterns, enabling high-precision restoration and cultural interpretation [8] - The fair attracted over 6,000 exhibitors from across the country and more than 300 overseas exhibitors, promoting cultural exchange and the global outreach of Huxiang culture [10] Group 3 - Wangxing Technology showcased its new video creative software, which is the first professional video editing software adapted for HarmonyOS, featuring over 20 deep adaptations for efficient editing [12] - The software integrates elements of Huxiang culture, allowing users to create videos with traditional Chinese aesthetics and music [12] - 49 Technology presented DIY cultural creation devices, enabling consumers to design their own cultural products at home, thus expanding their global service network [14] Group 4 - Mango TV's international app has accumulated 288 million downloads, with a goal to achieve 3 million daily active users and over 1 billion in revenue by 2027 [14]

Core Viewpoint - The 21st China (Shenzhen) International Cultural Industries Fair showcased innovative AI products from Wankey Technology, highlighting the launch of the Wankey Miaoying Harmony version, which emphasizes user-friendly video creation through AI technology [1][3][10]. Group 1: Product Highlights - Wankey Miaoying Harmony version features dual-screen multi-touch editing, allowing users to create videos without traditional input devices, making video creation accessible to everyone [3]. - The AI video creation tool, Wankey Bobo, offers a comprehensive AIGC creation experience, integrating script writing, AI translation, and video generation with a vast library of digital personas [3][10]. - Wankey SelfyzAI provides diverse AI functionalities, including dynamic photo transformation and personalized digital avatars, enhancing user creativity [3]. Group 2: Company Overview - Wankey Technology's "Tianmu" model, the first multimedia AI model in China, utilizes 1.5 billion user behavior data and 10 billion localized high-quality audio and video data to offer nearly 100 features, including AI digital personas and video stylization [10]. - The company operates in over 200 countries and regions, with a cumulative global user base exceeding 1.5 billion, positioning itself as the "Chinese version of Adobe" [10].

Core Insights - The 21st China (Shenzhen) International Cultural Industries Fair showcases the integration of culture and technology, highlighting Hunan's cultural heritage and innovative practices [1][3][5] Group 1: Event Overview - The event runs from May 22 to May 26, featuring Hunan's exhibition themed "Huxiang Culture and Sci-tech Future" [1] - The exhibition includes various sections such as the main image area, comprehensive exhibition of cultural and technological integration, and a special area for audio-visual industries [1] Group 2: Technological Innovations - Wanxing Technology launched the Wanxing Miaoying Hongmeng version, a video editing software that offers over 20 features optimized for Huawei's HarmonyOS [1][9] - The Ma Lan Mountain Audio-Video Laboratory presented eight proprietary audio-visual technologies, including a dual-lens AI live streaming camera and a wireless sound system that enhances home audio experiences [7][9] Group 3: Cultural Exhibits - The Hunan Broadcasting System showcased a digital restoration of cultural relics, integrating technology with storytelling to present the history behind artifacts [3][5] - Interactive digital display cabinets developed by Hunan Museum and Hongrui Cultural Heritage Group allow visitors to engage with artifacts, providing historical context and narratives [5] Group 4: Future Prospects - The Ma Lan Mountain Micro Short Drama Intelligent Translation Center aims to produce over 10,000 high-quality translated micro short dramas by 2025, utilizing advanced AI translation tools [9]

Group 1 - The 21st China (Shenzhen) International Cultural Industries Fair (CICIF) is being held in Shenzhen for five days, concluding on May 26 [1] - Multiple listed companies are participating in the fair, showcasing their products and technologies across various sectors including film, media, publishing, artificial intelligence, robotics, gaming, and trendy toys [1] - AI and virtual reality technologies remain focal points at the fair, attracting numerous domestic and international visitors [1] Group 2 - Listed company Fantawild (301313) is participating in the fair, presenting its latest products such as VR large space, AI 3D reconstruction, virtual digital humans, AI knowledge graphs, and digital cultural creations [1] - Another listed company, Wankang Technology (300624), is showcasing its new video creative software and AI innovations at the fair [1] - Guoxing Optoelectronics (002449), part of the Guangsheng Holdings Group's electronic information sector, is presenting under the theme "Light Shows the Future" [1] Group 3 - The unique appeal of China's trendy toy IP has been highlighted, with the Hong Kong-listed company Pop Mart also participating in the fair [2] - Pop Mart is utilizing a dual exhibition model with "Beijing + Hong Kong" to showcase its popular products and enhance consumer experiences [2] - The company aims to stimulate urban cultural consumption and promote the deep integration and innovation of IP with urban cultural tourism [2]

Investment Rating - The investment rating for the company is "Buy" with an expectation of more than 10% return relative to the CSI 300 index over the next six months [2][13]. Core Views - The company reported a revenue of 1.44 billion yuan for 2024, a decrease of 2.78% year-on-year, and a net profit attributable to shareholders of -163.46 million yuan, marking a shift to negative profitability [1][10]. - The company's gross margin was 93.22%, down 1.55 percentage points year-on-year, while the net margin was -10.93%, indicating a significant decline [1][10]. - The company is facing short-term pressure on performance due to intensified market competition, rising traffic costs, and goodwill impairment [1][9]. Financial Performance Summary - In Q4 2024, the company achieved revenue of 387 million yuan, a year-on-year increase of 0.43%, but the net profit attributable to shareholders was -158 million yuan [1][10]. - The annual revenue breakdown shows that the video creative business generated 961 million yuan, a slight increase of 0.06% year-on-year, while other segments like practical tools and document creativity saw declines [7][9]. - The company’s operating expenses increased significantly, with sales expenses rising to 849 million yuan (up 17.42% year-on-year) and R&D expenses reaching 442 million yuan (up 9.90% year-on-year) [7][10]. Future Outlook - The company is committed to deepening its AI strategy, with expectations for AI-native application revenue to reach approximately 67 million yuan in 2024, doubling year-on-year [9]. - Forecasts for net profit attributable to shareholders are projected to be 56.04 million yuan in 2025, 95.95 million yuan in 2026, and 153.46 million yuan in 2027, indicating a recovery trajectory [10].

事件: 2025 年4 月28 日，公司公告2024 年年报及2025 年一季报，2024年公司营收14.4 亿元，同比-2.78%；归 母净利润-1.63 亿元，同比-289.61%；扣非后归母净利润-1.61 亿元，同比-279.80%。 2025Q1，公司营收3.8 亿元，同比+6.06%；归母净利润-0.33 亿元，同比-227.93%；扣非后归母净利 润-0.38 亿元，同比-265.49%。 投资要点: 接入DeepSeek 等模型，2025Q1 部分产品移动端收入同比翻倍2025Q1，公司品牌力持续强化，社媒曝光 量超12 亿次创单季历史新高。公司持续推进以音视频为核心的算法技术研发，完成DeepSeekR1、阿里 通义万相、Pika 等外部大模型能力接入，为存量产品AI 功能的优化和AI 创新产品的交互构建技术基 础。 2024 年视频创意付费用户数同比20%+，AI 原生应用收入同比翻倍2024 年，公司视频创意/实用工具/文 档创意/绘图创意类工具收入9.61/2.34/1.17/1.21 亿元，同比+0.06%/-8.7%/-10.13%/-5.88%；其中： 1）视频创意产品：总付费用 ...

2025 年 05 月 04 日 公司研究 评级：增持(维持) | 相对沪深 300 | 表现 | | 2025/04/30 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 万兴科技 | -2.9% | -10.8% | -7.0% | | 沪深 300 | -3.7% | -1.2% | 4.6% | | 市场数据 | | | 2025/04/30 | | 当前价格（元） | | | 61.07 | | 当前价格（元） | 61.07 | | --- | --- | | 周价格区间（元） 52 | 37.92-94.80 | | 总市值（百万） | 11,807.05 | | 流通市值（百万） | 10,457.21 | | 总股本（万股） | 19,333.63 | | 流通股本（万股） | 17,123.32 | | 日均成交额（百万） | 869.09 | | 近一月换手（%） | 4.33 | 相关报告 研究所： 证券分析师： 刘熹 S0350523040001 liux10@ghzq.com.cn [Table_Title] 收入同比增速连 ...