Core Viewpoint - The company has improved cash collection efficiency, stabilized revenue in Q1 2025, and reduced losses, with significant orders in AI-related business [1][4]. Financial Performance - In 2024, the company achieved operating revenue of 371 million yuan, a year-over-year decline of 24.31% [1] - The net profit attributable to shareholders was -343 million yuan, down 19.16% year-over-year [1] - The net profit excluding non-recurring items was -380 million yuan, a decrease of 13.42% year-over-year [1] - Operating cash flow was -327 million yuan, but improved by 10.63% year-over-year [1] - In Q4 2024, the company reported revenue of 162 million yuan, a decline of 39.58% year-over-year [1] - For Q1 2025, revenue was 64 million yuan, showing a year-over-year increase of 2.59% [1] Order Growth and Client Retention - The number of new clients and average order value increased in 2024, particularly for high-value clients over 3 million yuan [2] - Revenue from repeat purchases by existing clients accounted for approximately 78.83% of the company's main business revenue [2] - The company improved cash collection efficiency, with total sales collections of about 460 million yuan in 2024, an increase of approximately 11.56% year-over-year [2] AI Infrastructure and Business Development - Demand for AI infrastructure has surged, with successful implementation of large model-related businesses [3] - The company secured nearly 50 million yuan in orders for large model-related business in 2024 [3] - The company has established several benchmark projects, including platforms for major financial institutions and government entities [3] Investment Rating - The company maintains a "strongly recommended" investment rating, benefiting from its leading market share in big data platforms and private deployment of large models [4] - Projected revenues for 2025-2027 are estimated at 523 million, 693 million, and 918 million yuan respectively [4]

据了解，天融信此前推出智算一体机，目前已获得客户的极大兴趣，已经有不少客户加入购买队 列。据悉，天融信已将智算一体机作为重点战略产品，从营销策略、营销团队等方面进行了一系列布 置，有望在智算一体机市场获得竞争优势。 市场分析人士认为，天融信在网络安全、数据安全领域的技术优势，为其智算一体机注入了全栈安 全能力；而华为在硬件、云计算及AI框架领域的深厚积累，将使双方的合作达到强强联合的效果，有 望推出"高性能算力+场景化方案+主动防御"的一体化产品，后续应用于政府、金融、能源等关键行 业，能够满足数智化转型中对高效算力和安全合规的双重需求。 申万宏源证券（000562）认为，一体机是仍有较大预期差的方向。大模型私有化部署如火如荼，供 需两端均显示一体机的高景气度。此外，G端落地大模型成为趋势，国资也是更具购买力的需求方，预 计一体机将形成更陡峭的景气斜率。 天融信：将携手华为发布重量级新品 3月24日从官方获悉，天融信（002212）(002212.SZ)将与华为联合发布重量级新品，围绕智算和安 全开展进一步合作。 天融信此前在投资者互动平台表示，公司与华为在漏洞挖掘、云安全、商用密码、兼容性认证等技 术、产品 ...

已经可以做到 "快准狠" 了。 金磊 梦晨 发自 凹非寺 量子位丨公众号 QbitAI 家人们，撰写和修改病历这事儿，那个让无数医生耗时耗力的环节—— 病历内涵质控，现在有了大模型来当得力帮手。 所谓病历内涵质控，简单来说指的就是对病历内容的质量控制。 正如我们刚才提到的，现在这件难事儿，已经靠大模型的辅助，找到了一种能兼顾效率和质量的解 法。 而且纵观整个 "AI+ 医疗" 赛道，很多医疗信息化厂商都将大模型应用落地的箭头指向类似病历内涵 质控这样的应用 "靶点"。 之所以如此，是因为处理病历这项工作，正与大模型的 "气质" 极其相符——专治繁琐、量大的信息 处理工作。 由此便可以让医生从中解放出更多的时间，投入到更匹配其专业方向的工作中。 那它为什么会让医生们如此耗时耗力呢？ 首先，病历本身就会完整、真实地反映出诊疗的全过程，不论对于患者或者医生，还是对医院的管 理而言，重要程度都不言而喻。 毕竟从前期的出诊，到后期的治疗方案、查房、手术等众多环节，病历都会贯穿其中，收纳、承载 和呈现所有相关信息。每一份病历涉及到的信息量都是非常大，也是非常关键的。 而病历内涵质控，强调的是一种逻辑质控，难点就是逻辑非常 ...