智算生态持续扩容，技术壁垒巩固 金山云通过"星流平台"构建了开放的模型生态，近期上线的小米自研模型XiaomiMiMo-V2-Flash（总参 数309B，激活15B）进一步丰富了平台能力。该模型专为极致推理效率设计，可应用于实时交互、内容 生成等场景，结合金山云在算力调度和推理层的深度优化，为开发者提供低延迟、高稳定性的推理体 验。 目前，金山云已覆盖DeepSeek、文心一言、Kimi等国产主流大模型，并通过星流平台的模型管 理、数据标注、自动扩缩容等功能，帮助客户降低AI应用门槛。此外，公司自研的金山政务AI一体 机、算力调度平台等产品，也在政企市场中形成差异化竞争力。IDC预测，2023-2028年中国智能算力 规模年复合增长率超过46%，金山云有望持续受益于行业红利。 生态协同赋能，确定性增长可期 2025年12月22日，中国知名云服务商金山云（股票代码：KC.US/3896.HK）在格隆汇主办的"金格奖"年 度卓越公司评选中，凭借其卓越的资本市场表现、AI战略的快速落地及生态协同优势，荣获"年度港股 通卓越奖"。此次获奖反映了市场对金山云在人工智能时代下高质量增长路径的充分肯定。 业绩增长提速，盈 ...

Core Insights - Kingsoft Cloud's Q3 2025 financial report shows a robust growth in revenue driven by its AI strategy, with total revenue reaching 2.48 billion yuan, a year-on-year increase of 31% [1] - The company reported a significant increase in public cloud revenue, which reached 1.75 billion yuan, reflecting a 49% year-on-year growth [1] - The revenue from the Xiaomi-Kingsoft ecosystem amounted to 690 million yuan, marking an 84% increase year-on-year and accounting for 28% of total revenue [1] Financial Performance - Adjusted gross profit for Q3 2025 was 390 million yuan, up 28% year-on-year [1] - Adjusted operating profit turned positive at 15.36 million yuan, with an operating profit margin of 0.6% [1] - Adjusted net profit reached 28.73 million yuan, marking the first profitable quarter for the company [1] AI Cloud Services Development - Kingsoft Cloud has upgraded its AI capabilities, launching new products such as the X6F cloud server and various AI service platforms to meet diverse customer needs [2] - The company reported a 120% year-on-year increase in revenue from its intelligent computing cloud, which accounted for 45% of public cloud revenue [3] Industry Solutions and Collaborations - The company is focusing on industry-specific AI solutions, collaborating with clients in sectors like government and healthcare to accelerate AI application deployment [4] - Kingsoft Cloud has made progress in projects such as the Shanghai state-owned cloud initiative and partnerships in the digital health sector, enhancing AI integration in traditional practices [4][5] Strategic Vision - The CEO emphasized the importance of leveraging opportunities from the Xiaomi-Kingsoft ecosystem and investing in infrastructure and talent to drive innovation in AI solutions [6]