范式25前三季度总收入44.02亿元 同比增长36.8% 首次实现单季度盈利

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 exceeding last year's growth rate [1] - Gross profit reached RMB 1.621 billion, with a year-on-year increase of 20.1%, showing a notable improvement compared to the previous year's growth [1] - The gross margin stood at 36.8%, remaining stable throughout the period, with the company achieving its first quarterly profit in Q3 [1] Revenue Growth - The core product, the 4Paradigm Sage AI platform, generated revenue of RMB 3.692 billion, marking a year-on-year growth of 70.1%, which accelerated the company's overall performance [2] - The number of benchmark users reached 103, with an average revenue contribution of RMB 0.25 million per user, reflecting a year-on-year increase of 71.4% [6] Research and Development - R&D expenses amounted to RMB 1.489 billion, an increase of 8.4% year-on-year, while the R&D expense ratio decreased by 8.9 percentage points to 33.8%, indicating improved efficiency in R&D investment [1][2] - The company is focused on developing domestic computing power, investing in leading domestic GPU manufacturers and launching the ModelHub XC and EngineX AI engine system to enhance collaboration between hardware and large models [4] Market Position and Strategy - The company has maintained its position as the market leader in China's machine learning platform sector for seven consecutive years, aiming to drive the 4Paradigm platform as a core engine for productivity across various industries [7] - The company is actively pursuing the "AI+" strategy, integrating AI with various sectors to simplify traditional business processes and enhance operational efficiency [6] Product Development and Innovation - The company launched the Phancy consumer electronics business, focusing on AI-enabled smart terminals, and has collaborated with brands like Lamborghini and Maserati for innovative product offerings [8] - The introduction of the "Virtual VRAM" expansion card allows for significant memory expansion without hardware replacement, supporting large-scale AI tasks [4]