China Galaxy Securities suggests paying attention to leading Internet giants that have the potential for value reshaping and actively embrace AI.

China Galaxy Securities believes that the domestic AI industry is rapidly catching up, with leading Internet companies likely to achieve a late-mover advantage and realize value reassessment in the AI domain. Driven by the major Internet companies, more enterprises and developers may build applications and services around DeepSeek, prompting the AI application industry chain to concentrate around core models, enhancing the overall industry’s synergy and innovation capabilities. It is suggested to focus on leading Internet giants that have value reshaping potential under AI empowerment and actively embrace AI. Additionally, in the Movie Theater Line sector, the continuous advancement of sequel films with high-value IP will encourage more new and outstanding IP to emerge, which is likely to empower the entire movie IP and its associated licensing, derivatives, and development industry chain, and the brand effect of domestic film IP has already begun to show.