中金：政策赋能新周期 AI、出海与IP化共驱发展

智通财经12-08

智通财经APP获悉，中金发布研报称，细分传媒行业头部公司在业务规模、技术储备、资本运作等方面占据优势，有望率先受益于行业性趋势。2025年传媒板块呈现在细分领域行情轮动中整体上行的格局，政策利好、新品周期、华流出海等因素共振，叠加IP经济需求景气与AI技术迭代，重点公司经历不同程度的业绩提振与估值修复。展望2026年，该行认为行业有望在政策赋能下迎新周期，AI、出海与IP化共驱动发展。中金主要观点...

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