Wanxing Technology (300624.SZ) received research from nearly 40 organizations, and the progress of the AIGC layout and large model received attention

On December 16, Wanxing Technology (300624.SZ), an A-share listed company of AIGC Software, received research from a number of institutional investors and individual investors in Shenzhen. Nearly 40 institutional investors and individual investors, including Yuandong Hongxin, Taixin Capital, Tianchen Yuanxin Fund, Xibo Venture Capital, and Shenzhen Yuanshi Investment, participated in the event. Liu Jianghua, secretary of the board of directors and deputy general manager of Wanxing Technology, attended the event and thoroughly explained the company's product layout, large-scale model development, and business strategy to investors through theme sharing and executive dialogues.

According to reports, Wanxing Technology has long been deeply involved in the field of digital creative software, and has made every effort to promote product mobility and AI; at the same time, Wanxing Technology has increased the large model layout and launched Wanxing Tianmu 2.0. Its overseas version of TomoViee 2.0 AI is ranked in the Wensheng Video Big Model global evaluation list vBench-2.0, with an overall score of the top three in the world, and ranked first in the world in the two key indicators of camera movement and motion rationality. In addition, Wanxing Tianmu AI, a subsidiary of the company, along with Shenzhen Radio and Television, Hubei TV, and Dayibo Online, continues to promote the implementation of AI creation practice cases, which have been widely recognized by the industry.

During the exchange session, in response to investors' concerns about model call issues, Liu Jianghua explained that the company is currently adopting a “dual mode drive” model. On the one hand, the company continues to invest in self-developed Wanxing Tianmu models to achieve optimal cost while ensuring performance; on the other hand, it is actively introducing high-quality third-party general-purpose models, such as Google Veo3, Nano Banana Pro, OpenAI Sora2, and Keling 2.5 Turbo, and comprehensively upgrading the AI cloud platform architecture and services to achieve the fastest “T+2 hour” access to third-party large model APIs. With the full upgrade of Wanxing Tianmu 2.0 capabilities, the proportion of self-developed models used in Wanxing Technology's products has surpassed that of third-party models, and a full-process training system for vertical scene video effects models has been set up to effectively support the rapid implementation of the product.

In response to the AI server cost issue, Liu Jianghua said that with the continuous upgrading of product AI functions and the incubation of AI native applications, users' AI function usage is rapidly rising. Data shows that in the first three quarters of 2025, the cumulative number of calls to the company's AI server exceeded 800 million times, and users' willingness to use AI continued to increase. Meanwhile, Wanxing Technology's overall gross margin has now stabilized at over 90% for a long time. In the future, Wanxing Tianmu will continue to play a supporting role, empowering the AI functions of more of the company's products, and helping to further reduce the company's costs.

In terms of business strategy, Wanxing Technology currently continues to work in three main directions. First, seize AIGC's scenario-based implementation opportunities and continue to promote AI native applications and innovative business layouts. Second, promote multi-terminal collaborative development and strengthen the mobile layout of products. Third, strengthen internal quality and efficiency, and improve internal operation efficiency by introducing tools such as AI code, AI customer service, and AI interviews.

Wanxing Technology was founded in 2003 and landed on the Shenzhen Stock Exchange GEM in 2018. Since its listing, Wanxing Technology has continued to strengthen the institutionalization and compliance of information disclosure and communication with investors. Since 2025, the company has received research from more than 100 domestic and foreign institutions, been shortlisted for the 20th “Golden Roundtable Award” of the Board of Directors of Listed Companies in China, ValueOnline's 2025 “Excellent Customs Investment and Construction Award” and “AI Frontier Innovation Award”, and won the 3rd Securities Star ESG New Benchmark Enterprise “Corporate Governance Pioneer Award”, and continues to be recognized by capital markets and authorities.

As the world's leading next-generation digital creative software company, Wanxing Technology's business covers more than 200 countries and regions, with a cumulative total of more than 2 billion active users. It has built digital creative software such as Wanxing Tianmu AI, Wanxing Meow, Wanxing Brain Map (formerly Yitu MindMaster), Wanxing Graphic (Yuan Yitu), and Wanxing PDF, and is regarded as the “Chinese version of Adobe”. Facing the future, Wanxing Technology will firmly and fully embrace AIGC, consolidate the company's long-term sustainable development foundation, and enhance the company's overall value creation capacity and level.