企业始终需要战略咨询，但现有模式的局限正在显现。动辄百万的咨询费用，长达数周甚至数月的交付周 期，让专业战略智慧成为少数大企业的专享。而AI时代的生存法则是： 快节奏决策等于企业生命线 。 当竞品已经开始用AI将战略迭代周期压缩至周级甚至日级时，你的企业是否正在被"决策周期成本"所拖 累？先让我们看一组数据冲击—— 在AI时代无比焦虑的你，请认真思考我们接下来提出的灵魂三问： 第一个问题 ： 当AI每月迭代一次时，你的战略决策还停留在工业时代吗？ 我相信你已经有了答案。 第二个问题 ： 混沌凭什么重新定义战略咨询？ 不是因为拥有咨询基因才入场，而是因为 时机已到 。十年来积累的海量商业案例库浇筑了坚实地基，混 沌深度创新框架DIM与BLM框架搭建了专业骨架，再用DeepSeek R1/V3 大模型注入智慧灵魂，让HDDI 成为真正"会思考的战略引擎"。 当混沌深度创新框架遇上AI原生架构，通过MCP协议让"顶级战略智慧"成为你的随身智囊。你只需输入你 的业务挑战，轻松调用混沌深度创新系统，15分钟内就能获得带有案例验证的专业战略分析和可执行建 议。 第三个问题 ： 创业者为何必须拥抱AI原生战略咨询？ 资本市 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][9] Core Views - The company's game business is showing steady growth, with a diversified content strategy [1] - In Q1 2025, the company achieved revenue of 28.83 billion yuan, a year-over-year increase of 7.4% and a quarter-over-quarter increase of 7.8% [4] - The gross profit for Q1 2025 was 18.48 billion yuan, with a gross margin of 64.1%, reflecting a year-over-year increase of 0.7 percentage points [4] - The adjusted net profit for Q1 2025 was 11.24 billion yuan, a year-over-year increase of 32.0%, with a net margin of 39.0%, up 7.3 percentage points year-over-year [4] Summary by Sections Game Business Performance - The revenue from games and related services in Q1 was 24 billion yuan, a year-over-year increase of 12.1% [5] - Key titles contributing to revenue include "Identity V," which was the main revenue driver, and several new games like "Marvel Showdown" and "Yanyun Sixteen Sounds" performing well in the market [5] - Long-term operational games are showing stable performance, with titles like "Identity V" and "Naraka: Bladepoint" maintaining steady revenue streams [5] Youdao Business Strategy - Youdao's business is advancing its "AI-native" strategy, achieving a gross margin of 47.3% in Q1 [6] - The strategy focuses on AI-enabled products and services to drive intelligent transformation across various industries [6] Cloud Music Operations - Cloud Music achieved a gross margin of 36.7% in Q1, with a focus on community ecosystem building to enhance user engagement [7] - The platform is leveraging AI capabilities for song recommendations and content creation, enriching its creator ecosystem [7] Financial Projections - Revenue projections for 2025, 2026, and 2027 are 113.86 billion yuan, 118.78 billion yuan, and 124.09 billion yuan respectively, with corresponding net profits of 38.81 billion yuan, 39.92 billion yuan, and 41.31 billion yuan [8] - The company expects a year-over-year revenue growth of 8.1% in 2025, followed by 4.3% and 4.5% in the subsequent years [11]

近日，国内知名机构华泰证券发布报告称，维持网易有道(NYSE：DAO)买入评级，目标价11.41美元， 持续看好公司AI能力加速在教育和营销领域商业化落地。 作为国内最早布局教育垂直大模型的企业，有道在AI领域坚持"自研与拥抱开源技术"相融合。2月6日， 网易有道率先宣布全面拥抱DeepSeek-R1，并在软硬件端全面落地。与此同时，其自研的"子曰"大模型 能力也在持续进化——今年1月，有道成功发布首个开源的教育推理模型 "子曰-o1"，它不仅能实现分步 式推演讲解，GPU效率更远超通用大模型。目前该模型已深度融入公司的学习服务、AI订阅及智能硬 件中，进一步巩固了公司在国内教育大模型领域的领先地位。 在当晚的财报沟通会上，网易有道CEO周枫表示："继2024年首次实现全年盈利后，公司已具备战略优 势，并能保持这一积极发展态势。2025年我们将加快'子曰'大模型在教育与广告双领域的部署，为用户 带来更优质的体验。" 华泰证券预测，2025年网易有道在AI商业化加速以及聚焦策略的加持下，全年经营利润有望达2.16亿 元，同比提升45%。并且维持25-27年公司整体非通用会计准则下归母净利润预测，分别为1.73、 ...

Youdao (DAO) Q1 2025 Earnings Call May 15, 2025 06:00 AM ET Speaker0 Good day, and welcome to Yodao's First Quarter twenty twenty five Earnings Conference Call. All participants are in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Jeffrey Wang, Investor Relations Director. Please go ahead. Speaker1 Thank you, operator. Please note the discussion today will contain forward ...