Source: Let's talk about the Internet of Technology
Author: Debang Ma Xiao Media Network
The agency said that with the release of a new batch of game versions, they are firmly optimistic about the opportunity for Davis in the game industry to double click within the year; in addition, OpenAI's release of the ChatGPT plug-in is expected to become a new idea for big language model development.
With the release of a new batch of game editions, I am firmly optimistic about Davis's chance to double hit the game industry this year
Recently, the first batch of imported game versions in '23 and the third batch of domestic game versions were issued. 27 and 86 products were distributed respectively. A total of 113 products were approved. The release of imported versions in March this time may mean that the number of imported versions will probably be issued at least 2 or 3 times during the year, or even more (expectations need to be adjusted through the next release). From December 2022 to March 2023, the number of domestic game versions issued was 84-88-87-86, respectively. Since the problem of underage addiction was basically solved in November, the number has remained stable at the level of June-July '21. We maintain our early judgment. The policy side may have changed, and supply-side issues in the domestic game market have basically been resolved. The core companies and the products obtained are listed below. Companies such as Tencent, NetEase, Bilibili, 37 Entertainment, and Gibit have all been approved for their products.
We believe that the current market has fully traded the shift in the policy cycle (valuation repair), and it is expected that the main line of subsequent transactions will further return to the EPS upgrade logic driven by the product cycle. Coupled with AI becoming an industry trend and the long-term narrative of helping game companies optimize content production, reduce costs and increase efficiency, we continue to be firmly optimistic about Davis's double click opportunities in the game industry within the year.
Specific to the target: It is recommended to pay attention to A-shares$37 Entertainment (002555.SZ) $,$Kaiying Network (002517.SZ) $,$Giants Network (002558.SZ) $,$gigabit (603444.SH) $,$Shenshu Taiyaku (300002.SZ) $,$Yao Ji Technology (002605.SZ) $,$Glacier Network (300533.SZ) $etc.; Hong Kong stocks suggest focusing on:$Tencent Holdings (00700.HK) $,$BILIBILI-W (09626.HK) $,$Heart Inc. (02400.HK) $,$NetEasis-S (09999.HK) $,$NetDragon (00777.HK) $,$Zulong Entertainment (09990.HK) $,$Mobile Game (00302.HK) $etc.
OpenAI released the ChatGPT plug-in, which is expected to become a new idea for big language model development
OpenAI has opened ChatGPT's plug-in service, which includes two of its own plug-ins, Browser (Browser) and Code Interpreter (Code Interpreter). At the same time, the Knowledgebase code search plug-in was open sourced. Browsing also opened up plug-ins that connect ChatGPT to third-party applications, enabling ChatGPT to interact with developer-defined APIs, thereby enhancing ChatGPT's functionality and performing a wide range of operations. The functions and applications of plug-ins include retrieving real-time information; retrieving knowledge base information; and executing actions on behalf of users. The introduction of the ChatGPT plug-in provides new ideas for further optimization of the big language model.
On the one hand, the information lag problem of training data can be compensated to a certain extent by connecting to real-time information plug-ins; on the other hand, downstream applications may be more convenient, and the plug-in format may make it easier for general large-scale models to be applied in vertical fields.
In terms of AIGC and ChatGPT, we recommend continuing to monitor the development and application of technology and seize the investment opportunities brought about by the implementation of technology catalysis and commercialization.Focus on:$Baidu Group-SW (09888.HK) $,$shangtang-W (00020.HK) $,$Tencent Holdings (00700.HK) $,$Reading Text Group (00772.HK) $,$Meitu Inc. (01357.HK) $,$Wanxing Technology (300624.SZ) $,$Kunlun World Wide (300418.SZ) $,$Tom Cat (300459.SZ) $;$Chinese Online (300364.SZ) $,$Jebsen Shares (300182.SZ) $,$Fengyutsuki (603466.SH) $,$Rio Shares (002131.SZ) $,$Yuanlong Yatu (002878.SZ) $,$ worth buying (300785.SZ) $,$Shenshu Taiyaku (300002.SZ) $,$Easy Point World (301171.SZ) $,$cubic math family (300344.SZ) $etc.
Beneficial target: Hong Kong stocksOverseas companies$Alibaba-SW (09988.HK) $,$Alibaba-SW (09988.HK) $,$Pinduoduo (PDD.US) $,$IQ.US (IQ.US) $,$Transfer Card (09923.HK) $,$Reading Text Group (00772.HK) $,$Meitu Inc. (01357.HK) $,$BILIBILI-W (09626.HK) $,$Oriental Selection (01797.HK) $,$BOSS Direct Hiring - W (02076.HK) $,$CAT EYE ENTERTAINMENT (01896.HK) $,$ Bubble Mart (09992.HK) $,$Cloud Music (09899.HK) $,$Zulong Entertainment (09990.HK) $,$Mobile Game (00302.HK) $,$Heart Inc. (02400.HK) $etc.;A shareThe main ones$Mango Supermedia (300413.SZ) $,$Fanmass Media (002027.SZ) $,$Zhaoxun Media (301102.SZ) $,$Fengyutsuki (603466.SH) $,$Chinese Movie (600977.SH) $,$Wanda Movie (002739.SZ) $,$VISUAL CHINA (000681.SZ) $,$gigabit (603444.SH) $,$Tom Cat (300459.SZ) $,$Glacier Network (300533.SZ) $,$Oriental Fashion (603377.SH) $,$Chinese Online (300364.SZ) $,$Kunlun World Wide (300418.SZ) $,$Wanxing Technology (300624.SZ) $,$Yao Ji Technology (002605.SZ) $,$Risheng Sports (002858.SZ) $etc.
Investment suggestions: Expanding domestic demand focuses on the new consumption of the Internet for sports entertainment. The platform economy emphasizes leading development to create jobs and international competition.We believe that the industry's structural addition opportunity is now a good opportunity, based on the following three reasons:
1) It is expected that fundamentals will gradually recover this year;
2) The growth expectations for ARVR and AIGC tracks are very obvious, and now is the time for layout;
3) Policies support the development of the digital economy, cultural industry and platform economy. The “Outline of the Strategic Plan for Expanding Domestic Demand” emphasizes the importance of the fields of culture, sports, Internet+ social services, the sharing economy, and the new individual economy in promoting consumer development. Combining the 20 major statements on boosting cultural industries, cyber powers, and digital powers, and the Central Economic Conference supports the role of the platform economy in leading development, employment creation and international competition, it is optimistic about future development.
Risk warning:Repeated epidemics, technology development falling short of expectations, goodwill risks, changes in regulatory policies, etc.
Editor/Somer