国投智能 20250826 摘要 公司订单金额近 7 亿元，同比增长 42%；营收 5.58 亿元，同比增长 1.63%；AI 相关产品收入 1.67 亿元，占总营收 30%，成核心增长点， 新发 24 款产品均搭载 AI 功能。 电子数据取证收入 2.06 亿元，占总营收 37.02%，市占率达 61%；公 共安全大数据营收 2 亿元，占总营收 35.83%，市场占有率跃居首位。 数字政务与企业数字化营收 1.26 亿元，同比增长 86.62%；网络空间 安全营收 0.25 亿元，同比下降，受项目延期影响。 公司通过项目预决算、风险前置评估、提高交付效率和策略性采购等措 施，应对毛利率下降和回款变慢的挑战。 公司在 AI 技术创新领域，与高校及科研院所合作，聚焦大模型、智能装 备等前沿方向，构建产学研用一体化创新生态。 公司预计 2025 年将有约 60 亿元商机，芯片订单同比增长 35%，公安 安全大数据业务上半年翻番，数字化业务同比增长 700%。 国投智能在 AI 安全领域拥有 15%相关专利，参与国家级平台建设，AI 小程序用户数突破 6 万，并积极推进海外市场。 78%。 5. 电子数据取证 ： ...

Core Insights - In Q1 2025, the company achieved a total revenue of 215.29 million yuan, representing a year-on-year growth of 10.86%, driven by the synergy between core and emerging business sectors [2] Group 1: Business Performance - The electronic data forensics product line, as the company's cornerstone business, saw a revenue increase of 56.75% year-on-year, with a gross margin of 58.14%, further solidifying its leading position in the industry [3] - The digital government and enterprise digitalization sectors experienced significant growth, with an overall increase of 36.95%, and enterprise digitalization revenue skyrocketing by 275.40%, becoming a new growth engine for the company [3] - New order signing showed remarkable results, with a year-on-year increase of 64.62%, and public safety big data business orders quadrupling, while enterprise digitalization orders grew nearly tenfold, indicating strong market demand and customer recognition [3] Group 2: Technological Advancements - The company continues to invest in AI technology research and development, launching the "Meiya Jianzheng Mini Program" integrated into over 12 provincial and 90 municipal anti-fraud government platforms, highlighting its industry influence [4] - The upcoming release of the "Tianqing" public safety large model, based on the DeepSeek-R1 open-source version, enhances video analysis and real-time retrieval efficiency through its multi-modal capabilities [4] - The Qiko intelligent system has completed algorithm upgrades, improving recall accuracy by 10%-30%, and has added 37 new client deployments across more than 20 industries, aiding cost reduction and efficiency enhancement [4] Group 3: Product Development - In the electronic data forensics sector, the company is accelerating domestic substitution by launching multiple new products and establishing a nationwide unlocking service network, with nearly 10,000 users on the forensics cloud platform [5] - The public safety big data sector has released three major products, including the domestically produced high-performance processing device "Xuanwu" and the intelligent "Xiaomei" police assistant, winning several multi-million yuan projects [5] - The digital government and enterprise digitalization business has been fully upgraded, undertaking 27 systems for the Guotou Group and launching a full series of large model integrated machines, achieving breakthroughs in key projects [5] Group 4: Financial Health and Innovation - As of the end of Q1, the company's cash reserves reached 1.074 billion yuan, a year-on-year increase of 12.01%, providing a solid foundation for sustainable development [6] - The company has strengthened its technological moat, receiving 28 patent applications and 32 authorizations in Q1, along with 57 software copyrights, and has won provincial and municipal technology awards [6] - National-level projects have been successfully implemented, including typical cases of network security by the Ministry of Industry and Information Technology and major technology plans in Xiamen, further consolidating its technological leadership [6] Group 5: Future Outlook - The company plans to continue advancing AI and large model research and development, accelerating product iteration and industry penetration, leveraging its ample funds, technological advantages, and market leadership [7] - Emerging fields such as anti-fraud and network security now account for over 50% of market share, with plans to further expand B-end applications and establish national benchmark cases [7] - The company aims to become a comprehensive solution leader in public safety and digitalization, focusing on "AI + big data" to create long-term value for investors [8]