Core Insights - The company reported a total revenue of RMB 4.402 billion for the first three quarters of 2023, representing a year-on-year growth of 36.8%, significantly surpassing last year's growth rate [1] - Gross profit reached RMB 1.621 billion, with a year-on-year increase of 20.1%, and a stable gross margin of 36.8% [1] - The company achieved its first quarterly profit in Q3 2023, driven by a surge in demand for AI applications across various industries [1] Financial Performance - Total revenue for the first three quarters was RMB 4.402 billion, up 36.8% year-on-year [1] - Gross profit was RMB 1.621 billion, reflecting a 20.1% increase compared to the same period last year [1] - R&D expenses amounted to RMB 1.489 billion, an increase of 8.4%, with an R&D expense ratio of 33.8%, down 8.9 percentage points year-on-year [1] Business Expansion - The company captured numerous new business opportunities in key sectors such as energy, manufacturing, finance, and retail [1] - The core product, the AI platform, experienced explosive growth with revenues of RMB 3.692 billion, a 70.1% increase year-on-year [1] Technological Development - The company invested in domestic GPU manufacturers, holding over 9% of a leading GPU firm and strategically investing in another [3] - The launch of ModelHub XC and the EngineX AI engine aims to enhance the synergy between domestic computing power and large models, maximizing business value [4] - The company introduced the "Virtual VRAM" expansion card, allowing for memory expansion up to 256GB without hardware replacement [4] Market Position - The company has maintained its position as the leading machine learning platform in China for seven consecutive years, aiming to drive the AI software market towards a trillion-level scale [7] - The "AI+" initiative by the government aims to integrate AI across various industries, marking the arrival of the AI-as-software era [6] Product Innovation - The Phancy consumer electronics business is focused on enabling clients to create AI-capable smart terminals, with collaborations with brands like Lamborghini and Maserati for innovative products [9] - The company has established 103 benchmark users, with an average revenue contribution of RMB 0.25 million, a 71.4% increase year-on-year [6]
第四范式(06682.HK)2025前三季度业绩：总收入44.02亿元 同比增长36.8% 首次实现单季度盈利