CITIC Securities Optimistic About the Development of Domestic Large Models

CITIC Securities' research report points out that Harness is expected to become the key to DeepSeek's transition from model supply to platform ecology, capable of transforming open-source and engineering advantages into user base, ecological influence, and commercialization capabilities. As competition among agents expands from model capabilities to stable and user-friendly task delivery, DeepSeek is expanding user and task coverage through plug-ins, scenario presets, and cross-agent collaboration, extending its infrastructure advantages from hardware-software synergy to complete task execution. The report emphasizes that long-term value lies in the accumulation of demand through ecological expansion, with configuration and process sedimentation enhancing product stickiness, and traceability capabilities supporting safe governance, creating conditions for sustained use and enterprise deployment. Based on official model calls, the company can also explore platform services and ecological transactions, transforming ecological accumulation into more diverse revenue sources and supporting reinvestment in products and ecology. CITIC Securities holds an optimistic view on the continuous rise of domestic large models.

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