Tianfeng Securities: DeepSeek V3.1 officially released, firmly optimistic about Chinese AI investment opportunities.

Tianfeng Securities stated that the Chinese AI sector is continuing the positive trend of resonating models and applications. On the one hand, the capabilities of domestic models are constantly evolving. DeepSeek released version 3.1, with a focus on enhancing code understanding and agent task execution capabilities. The dual breakthrough in model capabilities and hardware adaptation of DeepSeek reflects that Chinese AI companies are forming an industrial paradigm of "model + chip + application" synergy optimization. On the other hand, the commercialization of AI in the Hong Kong stock market is showing a clear acceleration trend. Internet company financial reports have confirmed that AI investments are bringing substantial returns, and the resonance of AI domestically and abroad is expected to drive the Chinese AI application ecosystem into a period of rapid iteration, further strengthening the trend of accelerated commercialization of AI in China. Overall, the medium to long-term investment opportunities in the Chinese AI sector are viewed positively.