0212评级日报

Summary of Conference Call Notes Company and Industry Involved - The company discussed is Guomai Culture (果麦文化), which operates in the AI technology and film industry, specifically focusing on the animation sector with its upcoming project "The Stars of the Three Kingdoms" (《三国的星空》) [1][2][3]. Core Points and Arguments 1. Guomai Culture is positioned as a unique investment opportunity driven by a dual engine of AI technology and film intellectual property (IP). The AI proofreading product, AI校对王, is expected to significantly reduce costs and enhance efficiency in the publishing industry. The anticipated revenue growth rate for 2025 is projected to reach 40% due to the combination of technology monetization and content commercialization [2]. 2. The company is committed to regularly updating its AI proofreading product and underlying models. The "Golden Pyramid Model" has successfully passed the registration for generative AI services. Recent updates have improved proofreading speed from approximately 280 words per second to about 600 words per second. The total market size for proofreading in the publishing industry is estimated at 5 billion yuan, indicating substantial growth potential for the company [2]. 3. "The Stars of the Three Kingdoms" is an animated film with notable figures such as Yi Zhongtian as the screenwriter and general director, produced in collaboration with Light Chaser Animation and Tingdong Film. The film's box office is expected to match that of "Chang'an Three Thousand Miles," which grossed 1.744 billion yuan. Assuming a production cost of 100 million yuan and a box office revenue of 500 million yuan, the company's share of the profit is estimated at 40 million yuan [3]. Other Important but Possibly Overlooked Content - The report highlights the significant potential of the AI proofreading market, with a neutral assumption placing the total market size for proofreading services in China at 5 billion yuan, suggesting that the company has ample room for growth [2]. - The document includes a disclaimer emphasizing that the content is for reference only and does not constitute investment advice, urging investors to conduct their own assessments [6].