科大讯飞：Q3归母净利同比增长202.40%，大模型中标金额达5.45亿元

Core Insights - The company reported a revenue of 6.078 billion yuan for Q3 2025, representing a year-on-year growth of 10.02% [1] - The net profit attributable to shareholders reached 172 million yuan, showing a significant increase of 202.40% year-on-year [1] - The non-recurring net profit was 26.24 million yuan, which is a 76.50% increase compared to the previous year [1] Financial Performance - The company maintained a healthy operational development with positive growth in key financial metrics including revenue, net profit, non-recurring net profit, and operating cash flow [1] - Both net profit and cash flow turned positive in the third quarter [1] Industry Position - In the first three quarters of the year, the large model bidding market in China was very active, with a significant number of announced winning projects [1] - According to the "Monitoring and Insight Report on Large Model Bidding Projects in China," the company ranked first in both the number and amount of winning projects related to large models from January to September [1] - In Q3, the company secured large model-related project bids amounting to 545 million yuan, nearly double the total of the second to fifth ranked competitors [1] Developer Growth - The number of developers continued to grow rapidly, with over 1.22 million new developers added in the first three quarters [1] - Among these, 690,000 were new large model developers, accelerating the industry's empowerment pace [1]