公司方面，据国盛证券、上市公司互动平台表示， Agent、AI应用：泛微网络、金山办公、鼎捷数智。 华为昇腾：软通动力、常山北明。 久其软件：公司2025年年初进一步对旗下女娲GPT进行升级，快速完成与主流大模型的深度融合与适 配，推出"智能问数、智能问答、智能报告、智能审核"等一系列智能体应用。另外，公司表示其Ai蒸馏 技术与Deepseek的Ai蒸馏技术比较类似。 9月29日，DeepSeek宣布官方App、网页端、小程序均已同步更新为DeepSeek-V3.2-Exp。DeepSeek介 绍，得益于新模型服务成本的大幅降低，官方API价格也相应下调，新价格即刻生效。在新的价格政策 下，开发者调用DeepSeek API的成本将降低50%以上。 算力作为AI应用落地的核心基础设施，其供给能力与成本结构的变化直接推动AI应用的商业化进程。 近3年来，随着AI大模型的不断进化及推理侧算力芯片性能与性价比的不断提升，AI推理侧算力成本与 大模型调用成本持续下降。 硬件层面，成本每年下降约30%，而能效每年提升约40%。推理侧算力成本及模型调用成本的快速下 降，为AI应用商业化提供了底层经济性支撑。 中银证券表示 ...

Core Viewpoint - The company is focusing on leveraging new technologies such as AI and big data to enhance its software products and market competitiveness while addressing current challenges in profitability and cash flow management [2][4][5]. Group 1: Business Strategy and Market Positioning - The company aims to deepen its business layout in the domestic software market by integrating AI and other emerging technologies into its product solutions [2]. - The strategy includes a multi-faceted market approach to enhance coverage and service quality, targeting government departments and state-owned enterprises [2][4]. - The company is committed to focusing on core business areas and optimizing its market layout to support high-quality development in the digital economy [4][5]. Group 2: AI Development and Future Plans - The company launched a new generation of large model application management platform, Nuwa GPT, which provides automated business analysis and decision support [3]. - Future plans include upgrading Nuwa GPT to enhance its integration with mainstream large models and expanding its intelligent application offerings [3]. Group 3: Financial Performance and Challenges - The company reported a decline in first-quarter performance due to seasonal business fluctuations, although it showed improvement compared to the previous year [5]. - The company is facing cash flow pressures, with a reported operating cash flow of -0.56 billion yuan for 2024, and plans to balance AI R&D investments with goodwill impairment risks [5]. - The company’s digital communication business accounts for over 70% of revenue but has a low gross margin of 1.92%, while the technology service business has a high gross margin of 91% but is experiencing slow growth [4]. Group 4: Market Outlook and Industry Context - The software and information technology service industry in China is experiencing steady growth, with a reported revenue increase of 10% year-on-year in 2024 [14]. - The company acknowledges the competitive landscape and aims to enhance its market position through innovation and strategic marketing efforts [14][12].

量。三是紧抓市场机遇，聚焦技术研发，把握新政策机会，提升核 心产品竞争力，为业务拓展提供支撑，助力公司在新经济赛道上取 得成功。四是聚焦本源，通过清查云、基教云和内控云三大核心战 略，在政府侧与企业侧业务上同步发力，持续强化业务能力，搭建 生态体系布局，助力数字经济高质量发展。感谢您的关注。 编号：JQRJ2025-002 | 投 资 | 者 | 关 | □特定对象调研 □分析师会议 | | --- | --- | --- | --- | | 系 活 | 动 | 类 □媒体采访 | ■业绩说明会 | | 别 | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | | □其他 | | | 参 与 | 单 | 位 | | | 名 称 | 及 | 人 | 参加久其软件 年度业绩网上说明会的全体投资者 2024 | | 员姓名 | | | | | 时间 | | 2025 | 年 月 日 5 8 15:00-17:00 | | 地点 | | | 全景•路演天下（http://rs.p5w.net） | | 上 市 | 公 | 司 董事长 | 赵福君 | | 接 待 | 人 | 员 独立董事 | ...