在最新的业绩会说明会上，针对客户情况以及供应情况，寒武纪表示，公司产品持续在运营商、金融、 互联网等多个重点行业规模化部署并通过了客户严苛环境的验证，并再次强调，网上传播的关于公司在 某厂商预定大量载板订单、 收入预测、新产品情况、送样及潜在客户、供应链等相关信息，均为误导 市场的不实信息。 对于上半年存货大幅增长，寒武纪董事会秘书叶淏尹称主要系本期产成品增加所致。公司已依据存货跌 价计提政策充分计提了相应的跌价准备。考虑大模型等人工智能市场对人工智能算力旺盛需求，该商业 化场景预计将为公司带来持续性收入，因此公司针对云端产品线进行了备货。 在产品研发进展方面，据介绍，公司新一代智能处理器微架构及指令集将对自然语言处理大模型、视频 图像生成大模型以及垂直类大模型的训练推理等场景进行重点优化，将在编程灵活性、易用性、性能、 功耗、面积等方面提升产品竞争力。同时，公司对基础系统软件平台也进行了优化和迭代。 ...

Core Viewpoint - The company is optimistic about future growth and sustainability of performance, actively optimizing technology and expanding its market presence [2][3]. Group 1: Technology Development - The company is continuously advancing the microarchitecture and instruction set of its next-generation AI training chips, focusing on optimization for natural language processing, video image generation, and vertical large models [2]. - Enhancements have been made to the foundational system software platform, including new functionalities and support for large model pre-training and reinforcement learning [2]. - The inference software platform is also undergoing optimization, achieving significant results in technological innovation, product capabilities, and open-source ecosystem development [2]. Group 2: Market Demand and Growth - The demand for AI computing power is on the rise, leading to a new innovation growth cycle for smart servers and computing devices [3]. - The company recognizes the urgent need for accelerated upgrades in smart chip and software platform technologies, committing to innovation in AI chip design to enhance core competitiveness and expand market share [3]. - The company has prepared inventory for its cloud product line to meet the strong demand for AI computing power from the large model market, anticipating sustained revenue from commercial applications [3]. Group 3: Customer Base and Market Position - The company has established a strong brand recognition and quality customer resources through its leading R&D capabilities and excellent customer service [4]. - The focus on technological innovation is expected to further enhance the competitiveness of chip products and drive continuous business development [4].

摘要： 陈天石称，2025年上半年，公司持续推动智能处理器微架构及指令集的迭代优化工作。 9月18日下午四点，寒武纪的2025年半年度业绩说明会准时开始。董事长、总经理陈天石，副总经理、财务负责人、董秘 叶淏尹，以及独立董事王秀丽在线上一同参与。 这场说明会的关注度并不令人意外。就在半个月前，寒武纪披露的《2025年半年度报告》已经给市场带来惊喜：公司实现 收入大幅增长，成功扭亏为盈。人工智能算力市场的火热，带动了AI芯片与软件平台的需求，公司也凭借技术积累迎来 拐点。 就在本轮暴涨行情前，市场曾传出"寒武纪未来出货量达100万颗"的惊人传闻。 "网上传播的关于公司在某厂商预定大量载板订单、 收入预测、新产品情况、送样及潜在客户、供应链等相关信息，均为 误导市场的不实信息。"陈天石在本次沟通会上再次予以否定。 关于40亿元定增资金的投向，陈天石称这是"面向大模型"的关键投入，涵盖芯片研发、先进封装和软件平台，目标是建立 覆盖算法开发到应用部署的全链条能力。 叶淏尹则在多个环节回应了投资者的关切。他提到，公司产品已在运营商、金融、互联网等行业落地，并通过客户环境验 证；对于存货的增加，他解释是出于对大模型算力需 ...

今年以来，公司股价翻倍，总市值已超5500亿元 2025年上半年，寒武纪研发投入4.56亿元，较上年同期增长2.01%。上半年，寒武纪持续进行研发投 入。在硬件方面，寒武纪的新一代智能处理器微架构和指令集正在研发中。在软件方面，寒武纪对基础 系统软件平台也进行了优化和迭代。其中，在训练软件平台方面，寒武纪规划新功能和通用性支持，大 力推进大模型预训练、强化学习训练等业务的支持和优化；在推理软件平台方面，寒武纪持续推进推理 软件平台的优化和迭代，在技术创新、产品能力和开源生态建设都取得重要成果。 同时，寒武纪持续优化基础系统软件平台，生态建设成效逐步显现。凭借领先的技术实力与良好的服务 口碑，寒武纪的品牌市场认知度稳步提升。在产学协同领域，寒武纪积极支持多所高校开设基于寒武纪 平台的人工智能课程，构建产学研一体化人才培养生态，为技术生态储备长效发展动能。 截至8月26日收盘，寒武纪收报1329元/股，今年以来股价上涨101.98%，总市值为5559.87亿元。 本报记者 李乔宇 8月26日晚间，中科寒武纪科技股份有限公司（以下简称"寒武纪"）披露2025年半年度报告。公告显 示，今年上半年，寒武纪实现营业收入2 ...

IT之家 8 月 26 日消息，中科寒武纪科技股份有限公司刚刚发布了最新的 2025 年半年报。寒武纪 2025 年上半年营收 28.81 亿元，同比增长 4347.82%。 今年上半年，寒武纪实现归属于上市公司股东的净利润为 103,808.26 万元，归属上市公司股东的扣除非 经常性损益的净利润为 91,256.68 万元，均实现了扭亏为盈；加权平均净资产收益率 17.31%；总资产 84.20 亿元，同比增长 25.34%。 截至报告期末，寒武纪股东总数 40,750 户，2025 上半年基本每股收益 2.50 元。 | | www.ithome.com | | 单位:元 币种:人民币 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 | 上年同期 | 本报告期比上年 | | | (1-6月) | | 同期增减(%) | | 营业收入 | 2.880.643.471.09 | 64.765,343.16 | 4.347.82 | | 利润总额 | 1,037,754,567.13 | -533.186.882.24 | 不适用 | | 妇属于上市公司股东的净利润 | ...

Summary of the Conference Call for Hanwujin Technology Co., Ltd. Company Overview - Hanwujin Technology Co., Ltd. focuses on the research and development of artificial intelligence chip products and technology innovation since its establishment in 2016 [2][5][10] Financial Performance - For the year 2024, the company reported a significant increase in revenue, achieving 1.174 billion yuan, which is an increase of 465 million yuan or 65.56% year-on-year [2][10] - Gross profit totaled 666 million yuan, reflecting a year-on-year growth of 35.77% [2][10] - The net loss for 2024 was 452 million yuan, a reduction of 396 million yuan or 46.69% compared to the previous year, indicating a continuous narrowing of losses over two years [2][11] - In Q1 2025, the company achieved revenue of 1.111 billion yuan, a quarter-on-quarter increase of 12.36% from Q4 2024 [3][12] - The net profit for Q1 2025 was 355 million yuan, marking a 30.61% increase from the previous quarter [3][12] Research and Development - R&D investment for 2024 was 1.072 billion yuan, accounting for 91.30% of total revenue [3][11] - The company received 314 patent authorizations in 2024, including 311 invention patents, 2 utility model patents, and 1 design patent [3][8] - The R&D team consists of 741 members, representing 75.61% of the total workforce, with 78.95% holding master's degrees or higher [5][6] Market Expansion and Product Development - The company has successfully expanded its market presence in key sectors such as finance, telecommunications, and transportation, leveraging its advanced AI chip products [9][10] - The cloud-edge integrated software platform developed by the company supports various AI chip products, enhancing flexibility and scalability [7][10] - The company aims to optimize its products for natural language processing and large model training, enhancing competitiveness [7][10] Governance and Sustainability - Hanwujin is committed to improving corporate governance and maintaining high standards of information disclosure [3][11] - The company has a healthy financial status with an asset-liability ratio of 19.16% and improved accounts receivable collection, which increased by 938 million yuan year-on-year [11][12] Conclusion - The management expressed gratitude to investors and emphasized the company's commitment to continuous innovation and market expansion, aiming to strengthen communication with investors [2][13]