酷特智能2025半年报：境外收入连续三年增长，稳健布局行业通用AGI

Core Viewpoint - Despite significant external changes and uncertainties, the Chinese textile industry has maintained a stable and positive trend in 2025, with textile and apparel exports showing mixed results [1] Group 1: Industry Performance - In the first half of 2025, China's total textile and apparel export value reached 143.978 billion USD, a year-on-year increase of 0.76%, with textile exports at 70.519 billion USD (up 1.77%) and apparel exports at 73.459 billion USD (down 0.2%) [1] - The industry faces ongoing pressures primarily from costs and inventory, but companies leveraging digitalization and smart manufacturing can optimize profitability through efficiency improvements and cost transfers [1] Group 2: Company Performance - Kute Intelligent achieved overseas revenue of 160.5905 million CNY in the first half of 2025, a year-on-year increase of 4.93%, outperforming the overall textile and apparel export market [3][6] - Kute Intelligent has been recognized in the "2024 Industry Top 100" list by the China National Garment Association, ranking first in the "Operating Revenue Profit Margin" category, reflecting its comprehensive competitive strength [3] Group 3: Research and Development - Kute Intelligent has increased its R&D investment to 25.7791 million CNY in the first half of 2025, an 11.56% increase year-on-year, representing 7.55% of its operating revenue, marking three consecutive years of growth [2][6] - The focus of R&D is on enhancing the Kute AI Agent digital enterprise-level operating system, which aims to facilitate the application of general artificial intelligence (AGI) in the industry [6][9] Group 4: Strategic Initiatives - Kute Intelligent has established a C2M large-scale personalized customization model, achieving rapid delivery and addressing traditional inventory and cost challenges in the apparel sector [9] - The company has partnered with the Korean apM Group to launch a flagship store in Shanghai, utilizing data analysis systems to optimize supply chain management and support global brand strategies [9]