“重金砸入”AI研发，昆仑万维2025年预亏13.5亿-19.5亿｜财报见闻

Core Viewpoint - Kunlun Wanwei is expected to incur losses in 2025 due to continued heavy investments in AI large models, market promotion, and R&D [1] Financial Performance - The net profit attributable to shareholders is projected to be between -1.35 billion and -1.95 billion, compared to -1.59479 billion in the same period last year [2][8] - The net profit after deducting non-recurring gains and losses is expected to be between -1.448 billion and -2.048 billion, compared to -1.64338 billion in the same period last year [2][8] - Revenue is expected to grow by over 40% year-on-year, with an increasing proportion of overseas revenue [8] Business Developments - The company has made significant breakthroughs in AI large models, including the release of various models such as Skywork-Reward-V2 and Matrix-3D, while continuously iterating existing models [3][4] - The TianGong Super Intelligent Agent has integrated AI Agent architecture and Deep Research technology, focusing on enhancing office efficiency and multi-modal creation [4] - The AI music product Mureka has reached version V8, improving in multiple dimensions, and aims to provide a seamless music creation experience for users [5] Short Video Platform Growth - The short video business has become a significant growth driver, with the DramaWave platform achieving over 28 million monthly active users globally [6] - The FreeReels application has surpassed 40 million monthly active users, leveraging a "free to watch" strategy to gain market share in emerging markets [6] Technological Innovations - The Opera platform has launched the AI Agent browser Opera Neon, which enhances user interaction by automating web browsing and task execution [7] - The StarMaker platform has integrated AI technology for song and video creation, significantly boosting user growth [7] - The company plans to deepen the industrialization of AI technology and strengthen its global market presence to enhance its core competitiveness [7]