算力巨头海光信息回应第三季度盈利增速放缓原因， 提示存储芯片价格波动风险

Core Viewpoint - The company, Haiguang Information, continues to experience growth in its third-quarter performance, although the year-on-year profit growth rate has slowed down [1] Group 1: Financial Performance - In the first three quarters of this year, Haiguang Information's operating revenue and net profit attributable to shareholders increased by nearly 55% and 28% year-on-year, respectively [2] - In the third quarter, the company achieved an operating revenue of 4.026 billion yuan, a year-on-year increase of nearly 70%, while the net profit attributable to shareholders was 760 million yuan, up approximately 13%, indicating a slowdown compared to the first two quarters of the year [2] - The increase in research and development (R&D) expenses, which grew by over 50% year-on-year, is attributed to accelerated progress in projects related to the new generation of Haiguang general-purpose processor chips and key technology research [2] Group 2: Product Development - Haiguang Information's product lineup includes general-purpose processors (CPUs) and co-processors (DCUs), with major clients being server manufacturers [3] - The company has formed a robust partnership system with domestic server manufacturers, covering various product forms such as general rack servers, AI servers, and edge computing products [3] - The DCU products are progressing smoothly, with the Haiguang DCU chip becoming a key infrastructure for AI innovation, compatible with global mainstream AI architectures [3] Group 3: AI Applications - The Haiguang DCU has achieved diverse application results in various fields, including supporting the world's first L2-level high-energy physics large model and providing efficient computing power for clinical diagnosis and gene analysis in the medical field [4] - The DCU's performance in processing massive observational data for the Chinese FAST telescope has improved efficiency by over a hundred times compared to traditional CPUs [4] - The integrated development tool suite and AI software stack provided by Haiguang DCU comprehensively cover training and inference needs for models ranging from billions to hundreds of billions [4] Group 4: Corporate Strategy - Haiguang Information is planning a stock swap to absorb and merge with Zhongke Shuguang, with multiple inquiries regarding the merger's progress and potential financial impacts [5] - The complexity of the transaction involves various securities market policies and industry regulations, with the company actively advancing related work since the disclosure of the transaction plan [6] - The company's stock incentive plan focuses on revenue targets for Haiguang CPU and DCU products, with no adjustments to the incentive conditions due to the ongoing merger [6]