CITIC Securities: Bullish on the Continued Rise of Domestic Large Models

36Kr reports that CITIC Securities believes Harness is poised to become a key link in DeepSeek's transition from model supply to platform ecosystem, converting open-source and engineering advantages into user base, ecosystem influence, and commercialization capabilities. As agent competition expands from model capabilities to stable, easy-to-use, and low-cost task delivery, DeepSeek extends its reach through plugin integration, scenario presets, and cross-agent collaboration, while leveraging its infrastructure strengths from hardware-software synergy to full task execution. Its long-term value lies in ecosystem expansion driving demand, configuration and process accumulation enhancing product stickiness, and traceability supporting security governance, all creating conditions for continued usage and enterprise deployment. Beyond official model calls, the company can explore platform services and ecosystem transactions to diversify revenue streams while reinvesting in products and the ecosystem. CITIC Securities remains bullish on the continued rise of domestic large models.