Xingye Securities: AI video generation large models are accelerating development, with applications in animation, gaming, and other areas expected to be implemented more rapidly.

On March 17, Industrial Securities Research Report stated that from January to February 2026, various economic indicators showed significant year-on-year improvements compared to previous values, with overall performance notably better than market expectations. According to model calculations, driven by strong external demand and robust internal demand recovery, the actual GDP growth rate for the first two months may reach around 5.5%. Considering the high base effect from the same period last year, the economy at the start of the “14th Five-Year Plan” shows strong momentum. Regarding the internal supply and demand environment, demand at the beginning of the year outperformed production, and combined with the continuous recovery of prices, the “strong supply, weak demand” pattern is accelerating improvement.

Industrial Securities Research Report pointed out that recent developments in the media industry have been highly active across multiple dimensions. On the macro level, the “14th Five-Year Plan” has increased emphasis on the development of the cultural industry, focusing on three key areas: AI + cultural “digital intelligence” development, new formats like micro-short dramas, and content going overseas, clearly indicating the direction. Within the industry, Google and Apple have lowered service fees, giving way to product-based channels, which benefits game developers capable of providing high-quality gaming products. From the AI catalysis perspective, AI video generation large models are accelerating development, with game and video companies actively deploying, and applications such as animated dramas and games are expected to accelerate their implementation.