Sinolink: DeepSeek will open-source the code library "AI+" Special Action Conference.

Sinolink released a research report stating that internet giants are increasing their investment in AI, with DeepSeek open-sourcing 5 code libraries. The "AI+" special action has been launched, continuing to focus on the application of AI and its empowerment in the content sector. Specifically: 1) Content: With the film industry entering the off-peak season, attention is on the empowerment of AI in movies and TV shows. In the gaming sector, promising targets with fundamental support and active AI layout are favored. 2) AI: Focus on the implementation of AI applications, especially "Chat" products and applications/tools based on algorithms. Individual stocks to watch include Kingnet Network (002517.SZ), Perfect World (002624.SZ), G-bits Network Technology (603444.SH). Sinolink's main points are as follows: 1)AI: Internet giants are increasing their investment in AI, with DeepSeek open-sourcing code libraries. The "AI+" special action has been launched, and the acceleration of AI applications over the past 25 years is still promising. The report believes that large models with low training costs and open-source policies, such as DeepSeek, are driving the democratization of models, making vertical model training and AI applications more cost-effective. Various applications such as Tencent Yuanbao, Baidu Search, Beijing Zhidemai Technology, Feishu, and Tiangong AI have already integrated DeepSeek-R1. On February 20th, Alibaba announced its quarterly performance, with AI revenue growing in triple digits for six consecutive quarters. The CEO stated that in the next three years, investment in cloud and AI infrastructure is expected to surpass the total sum of the past decade. On February 21st, DeepSeek announced that they will open-source 5 code libraries from next week and share their research progress with the global developer community in a completely transparent manner as part of the "Open Source Week". On February 19th, the State-owned Assets Supervision and Administration Commission of the State Council held a meeting to deepen the deployment of the central enterprises' "AI+" special action, reviewing the progress and effectiveness of the development of AI by central state-owned enterprises and planning the next key steps. Recently, Kunlun Tech open-sourced China's first video generation model SkyReels-V1 for AI short film creation, and Jieyue Star and Zhipu launched the collaborative creation of AI characters through the platform "Ta". The continuous iteration and maturity of AI-generated videos are ongoing. Based on the current development of large models and AI tools, Sinolink continues to favor "Chat" products and applications/tools based on algorithms, with a focus on the changes in AI companions, AI toys, AI tools, and related targets. They also pay attention to the progress of AI-generated videos in the gaming industry. 2) Film and TV: With theaters gradually entering the off-peak season, attention is on the empowerment of AI in TV shows and movies. According to Maoyan Professional Edition, this week's box office performance has declined significantly compared to last week, mainly due to the gradual entrance of the film industry into the off-peak season after the start of work and school, leading to a decrease in supply and demand. The performance of off-peak season box office and the supply of movies in the following schedules are being monitored. In terms of AI empowerment, on February 18th, Kunlun Tech open-sourced China's first video generation model SkyReels-V1 for AI short film creation, and Jieyue Star and Zhipu also made progress in their AI-generated video tools. The AI empowerment of film and TV works is becoming more profound, and attention is on companies in the industry that continue to deploy AI. 3) Gaming: Focus on targets with fundamental support and AI+ gaming. On February 21st, the National Press and Publication Administration released the approval information for domestic online games in February, with 110 new games obtaining licenses. Major new products from listed companies include NetEase's "Spirit Beast Adventures", G-bits Network Technology's Thunder Games' "Leipaxia" and "Chaos Fairy Monopoly", ZENGAME's "Ball Out", and Kingnet Network's "Three Kingdoms Special Attack Team". Three imported games also received licenses simultaneously: "Decision on the Three Kingdoms", "Breakthrough: Action Team", and "Plants vs. Zombies 3"; from a regulatory perspective, industry development is encouraged. In the background of the democratization of large models, the empowerment of AI in gaming will deepen and further land. The report suggests paying attention to changes in AI+ games. Currently, gaming targets with a market value of over 15 billion yuan have a PE ratio of around 15 times, with a strong and relatively certain fundamental outlook for 25 years. At this point, it is recommended to focus on targets that are strong in fundamentals and actively deploying AI. Industry News On February 19th, the State-owned Assets Supervision and Administration Commission of the State Council held a meeting to deepen the deployment of the central enterprises' "AI+" special action, reviewing the progress and effectiveness of the development of AI by central state-owned enterprises and planning the next key steps. The meeting emphasized that central state-owned enterprises should seize the strategic window of AI industrial development, strengthen technological innovation, focus on key areas to accelerate the mastery of "root technologies", steadfastly tackle large models, actively participate in open ecological construction, and promote more original innovation from "0 to 1" to speed up the transformation of achievements and industrialization. Risk Warning Risks of content launch and performance falling short of expectations; risks of macroeconomic performance falling short of expectations; risks of AI technology iteration and application falling short of expectations; risks of policy and regulatory changes.