AI与出海双轮驱动，昆仑万维再铸就卓越价值

Core Insights - In 2025, Kunlun Wanwei achieved significant breakthroughs in AI technology and commercial applications, reporting a revenue of 5.805 billion yuan, a year-on-year increase of 51.63% [1] - The company's AI-related business revenue saw substantial growth, with a net profit of 190 million yuan in Q3, marking a year-on-year increase of 180.13% [1] - The growth was driven by the company's "All in AGI and AIGC" strategy, with R&D expenses reaching a historical high of 1.211 billion yuan in the first three quarters [1] Technology Breakthroughs - Kunlun Wanwei made multiple technological advancements in the AI large model field, releasing several industry-leading models covering reinforcement learning, multimodal, code, and spatial intelligence [2] - The company launched the Skywork-R1V 3.0 multimodal reasoning model, achieving outstanding results in various evaluations, establishing a new benchmark in the open-source multimodal reasoning field [2] - The Matrix-3D model was released for generating high-quality 3D scenes from single images, applicable in gaming, film, and virtual reality [2] Competitive Barriers - The company introduced the Skywork Deep Research Agent V2, integrating multimodal deep research capabilities into the research process [3] - The SkyReels-A3 model was launched for AI video creation, utilizing advanced techniques for generating audio-driven digital content [3] - In the AI music sector, the Mureka platform enhanced music generation and voice synthesis capabilities, achieving significant improvements in music quality and realism [3] Academic Achievements - Kunlun Wanwei published a paper selected as a Spotlight paper at NeurIPS 2025, focusing on improving reasoning abilities in large language models [4] - Several other papers were accepted at NeurIPS 2025, covering advanced topics in reinforcement learning and decision-making optimization [4] Commercialization and Application - The company accelerated the commercialization of its AI application matrix, forming a diverse product ecosystem covering office, creative, entertainment, and overseas markets [5] - The Skywork Super Agents product was enhanced to generate various multimedia content, with significant improvements in multimodal capabilities [5] - The Mureka platform opened domestic login and API interfaces, facilitating the commercialization of AI music and expanding its application boundaries [6] Global Expansion - Kunlun Wanwei's overseas business revenue reached 5.4 billion yuan, a year-on-year increase of 58%, with overseas revenue accounting for 93.3% of total revenue [7] - The DramaWave platform became a significant growth driver in overseas markets, ranking third in revenue among short drama platforms [7] - The StarMaker platform maintained strong performance in global rankings, leveraging AI technology to enhance its influence [7] Future Outlook - The company plans to focus on cutting-edge technology research and open-source initiatives, enhancing its capabilities across the AI value chain [9] - It aims to deepen the integration of self-developed AI technologies in various sectors, promoting intelligent upgrades across industries [9] - Kunlun Wanwei is positioned to become a benchmark enterprise for AI globalization, continuing to build an AI super ecosystem [9]