Speechocean(SH:688787) Zheng Quan Ri Bao·2026-01-20 12:13Core Viewpoint - The data labeling industry is experiencing sustained growth in market demand as a crucial component of the AI industry chain, despite a decline in gross margin and net profit due to increased customization services and strategic investments for future competitiveness [2]. Group 1: Industry Insights - The data labeling industry is identified as a key foundational segment of the AI industry chain, with continuous growth in market demand [2]. - The industry is currently in a rapid development phase, characterized by fast-paced market demand and technological iteration [2]. Group 2: Company Performance - The company's gross margin declined year-on-year in the third quarter, primarily due to a significant increase in the proportion of customized service projects [2]. - The company's net profit is under temporary pressure, influenced by the need for forward-looking investments in data set research and platform technology upgrades [2]. - To expand into the government sector (G-end market), the company has increased its investments in market promotion and sales network development, which has impacted short-term net profit but is expected to support sustainable growth in the future [2].