Joining hands with Vidu officially opens the Wondershare Theater, deeply exploring the growth value of Wondershare Technology Group (300624.SZ) to the next level.

When the industry consensus fully embraces the development trend of AIGC and upgrades to a unified development consensus on the AI comic track, technology empowering content creation, efficiency driving industry upgrading, has become an irreversible trend of the times. This industry consensus is undoubtedly reflected to the fullest extent on the leading AIGC software company in China, Wondershare Technology Group (300624.SZ). On March 13th, at the first AIGC Content Industry Conference in Shanghai, Wondershare Technology Group, together with Vidu from Shengshu Technology, announced the official launch of the benchmark product in China, the first "boutique comic full-chain tool + comic large model deep collaboration" - the AI-driven all-in-one boutique comic creation platform "Reelmate" (reelmate.cn). This product integrates a full chain of tools, including adaptation of novels at the million-character level, batch extraction and generation of assets, intelligent storyboarding for full episodes, as well as enterprise-level team permission control and cost accounting tools, and is deeply integrated with Wondershare Technology Group's 20 years of creative software technology accumulation, over 2 billion creator behavior data accumulation, and ViduQ3 comic large model technology. It has further upgraded the director-level Agent creation ability, achieved a revolutionary breakthrough in character, voice, and scene consistency control across episodes, doubled accuracy of card drawing, and achieved a high single draw usability rate of up to 80%. Of note is the introduction of ViduQ3 comic large model by Shengshu Technology. This large model "was born for the drama" and is the world's first model that supports 16-second audio and video output, giving it a leading edge in the field of AI video generation. By integrating ViduQ3 large model, Reelmate not only achieves breakthroughs in various real-life drama themes, with a 70% usability rate for AI real-life drama Agent storyboarding, a 6-fold efficiency improvement in storyboarding creation, but also effectively addresses industry challenges such as industrial management deficiencies, difficult cost data tracking, insufficient technology stability, and the difficulty of scaling up explosively popular works. Furthermore, it will further help the company realize a "large model + tools + scenes" closed-loop, accelerating the industrialization of AI comics. Reelmate officially opens, achieves breakthroughs in various real-life drama themes Of course, from a deeper perspective, the partnership between Wondershare Technology Group and Shengshu Technology this time not only brings about technological upgrades, but also more importantly, opportunities for reevaluating commercial value. With the empowerment of the ViduQ3 large model, Reelmate will significantly improve product quality and production capacity, thereby unleashing strong growth momentum, potentially driving a dual leap in performance and valuation for Wondershare Technology Group. So, how does Wondershare Technology Group anchor this industry development opportunity, realizing comprehensive elevation in strategic layout and commercial value? Continuously enhancing AI comic layout, creating a new industry "paradigm" From the edge track to the leading industry growth rate, low cost, high quality, fast output AI comics have become the most certain and fastest-growing trend in the content industry today. The data proves it. DataEye's drama search data shows that the domestic comic market size in 2026 will exceed 24 billion yuan, an increase of 43% from 16.8 billion yuan in 2025, and the user base will jump from 120 million to 300 million. According to industry forecasts, the global AI comic market size is expected to exceed 100 billion yuan in the next three years, with a very broad market outlook. As AI comics soar, internet giants are also rushing in. Starting in the second half of 2025, Yuewen, Qimao, and Tomato Novels opened up tens of thousands of IP authorizations. In November, Byte Red Fruit Short Films launched the independent comic App. In December, Baidu completed a dual deployment with "You Comic" and "Qimao Comic". In addition to internet giants, long video and content platforms are also gradually increasing their efforts in AI comic layout. In February 2026, Tencent launched the independent comic App "Huolong Comics". Bilibili, iQiyi, Youku, Mango, and others have also set up comic channels, arranged AI creation tools, and introduced incentive policies. During the 2026 Spring Festival, AI comics made their debut on various platforms for the first time, signaling the comprehensive entry of major long and short video manufacturers. Therefore, faced with this historic opportunity, Wondershare Technology Group also played a precise "combination punch" at the beginning of 2026, anchoring the industry development dividend. Firstly, through investment and acquisition layout, quickly establishing a complete ecological loop of "ecology + technology" in the field of AI comics. For example, on January 29, Wondershare Technology Group announced a strategic investment of tens of millions in Hangzhou Lingman Quick Creation Technology Co., Ltd., with the funds mainly used to expand teams, enhance production capacity, lock in top screenwriting team resources, and strengthen content distribution capabilities. The cooperation model is clear - Wondershare Technology Group provides the Reelmate AI creative platform and overseas experience, while Lingman Quick Creation is responsible for content production and distribution, mutually promoting product iteration, forming an industrial closed loop of "technology empowering content - scene feeding back technology". On February 5, Wondershare Technology Group announced another strategic investment of millions in multimodal universal large model enterprise Shengshu Technology Vidu, reaching a deep strategic cooperation. Shengshu Technology's core product Vidu is a video large model called the "Chinese version of Sora", ranking first in China and second globally in authoritative AI benchmark tests. The strategic significance of this cooperation lies in the joint creation of an ecological model around "large model + tools + scenes", jointly creating a new paradigm of industrialized production of AI comics. Wondershare Technology Group will fully construct the AI comics' "ecology + technology" complete loop based on Shengshu Technology Vidu 3.0 comic large model, combined with its own global solutions. Secondly, by launching a self-developed all-in-one boutique comic creation platform, leading the industrialized production of AI comics. On January 29, coinciding with the announcement of a strategic investment in Lingman Quick Creation, Wondershare Technology Group also announced the launch of the AI-driven all-in-one boutique comic creation platform Reelmate, and initiated limited public testing. This platform aims to create "your exclusive AI film studio," providing an all-in-one AI creative solution for AI drama production companies, AI film studios, and universities/film training institutions. Through the linkage of "short film free editing, AI produces more films" of Reelmate through the Reelmate Miao app, it completely connects the AI "last kilometer" of full-line AI production from the script to the final product, with a single set of storyboards production cycle from 1 person/day/1 set to 1 person/day/8 sets, a 72% reduction in labor costs, a 60% reduction in project AI production costs, and a comprehensive efficiency increase of more than 5 times compared to manual production, truly achieving the creation mode of "industrial-level quality + personal studio cost". With efficiency driving industry upgrading, under such efficiency improvements, the company will further help AI comics enter the era of industrialized production. As seen, through the capital link, Wondershare Technology Group quickly locked in core technology and high-quality content production capacity, and by building underlying models and application tools, the company has also achieved a complete ecological loop from technology to tools to scenes. This also means the company will have sufficient momentum to anchor the industry's explosive dividends, further strengthening its ability to realize performance. Solidify technical advantages on multiple levels, strengthen growth logic With the maturation of AI video generation capabilities and the explosion of content demand, AI comics have entered the stage of large-scale production. However, the true threshold of the industry lies not in creativity, but in hard-core technologies such as character consistency, controllable generation of long videos, synchronization of audio and video, physical logic, industrialized assembly lines, etc. This means that as AI comics enter the phase of large-scale explosion, whoever can establish a technological advantage in role stability, image quality control, cost efficiency, and full-chain industrialization will truly lead the track and pull away. In comparison, through self-research and external reinforcement, Wondershare Technology Group has already formed a differentiated barrier in the field of AI comics and achieved several industry-leading breakthroughs. One of the most representative achievements is the significant breakthrough in role consistency technology. Role consistency has always been a core challenge in the field of AI video generation. By using a self-developed character feature locking algorithm and Vidu's reference live video capabilities, Wondershare Technology Group has achieved high consistency in character images, expressions, and actions across scenes, fundamentally solving the problem of AI generation of "changing faces, breaking models, and deterioration", becoming a key prerequisite for commercial mass production. At the same time, Wondershare Technology Group has also promoted efficiency and cost optimization through the creation of a full-chain AI comic industrial platform. Specifically, the company, through Reelmate, completes a one-stop AI generation from adapting novels at the million-word level to storyboarding to the final product, significantly improving production efficiency and reducing costs. Furthermore, by building a "self-developed large model + top external models" collaborative barrier, the company has further established technological leadership. By integrating multiple models such as Wanxing Tianmu, Vidu, Jimo, Kelin, and Hailuo, overlaying capabilities such as audio and video synchronization, motion transfer, and physics-level rendering, a technology moat that is difficult to replicate has been formed, supporting the company's continued lead in the AI comic track. As the saying goes, numbers are the best litmus test. Take the hit work "Qi Yun Delta" as an example, the 75-episode comic created by Hangzhou Lingman Quick Creation, with full-line empowerment provided by Reelmate. This comic, produced by a 3-person specialized team under Lingman Quick Creation, with full-line use of Reelmate, completed the entire industrial production process from script asset extraction to final delivery in just 5 days. More importantly, in addition to significantly improving efficiency, "Qi Yun Delta" precisely touches the preferential content of comic and pan-second element audiences, becoming a hit during the 2026 Spring Festival, surpassing 200 million views in 29 hours, topping the charts on Douyin, Kwai, and Bilibili comics, surpassing many S-level IP adaptations, fully demonstrating Reelmate's strong industrial production capabilities in empowering high-quality content. As strong positive feedback effects of powerful products and technological advantages gradually emerge, the medium to long-term growth logic of Wondershare Technology Group also becomes more clear - in the first half of 2025, the company's AI native application revenue exceeded 60 million yuan, a year-on-year increase of over 200%, the number of paid users increased over 200% year-on-year, AI server calls exceeded 500 million, a year-on-year increase of over 200%. By the end of the year, the total number of AI server calls exceeded 1.3 billion, a year-on-year increase of over 140%, further demonstrating the strong momentum of the company's AI business. Conclusion In summary, it is evident that through strategic integration with Shengshu Technology, Wondershare Technology Group precisely positions itself in the wave of industrialization of AIGC content, completing the transition from "tool vendor" to "AI content technology ecosystem platform". The dual breakthroughs in technology and products are expected to drive the company to achieve a reconstruction of commercial value, demonstrating the company's rare value in the AI comic track and bringing vast space for business expansion.