10月27日晚，品高股份发布2025年第三季度报告。2025年前三季度，公司实现营业收入2.23亿元， 同比增长12.77%，增速较上半年的7.21%显著提升；其中，第三季度表现亮眼，单季度营业收入达 5766.28万元，同比增长32.42%。公司盈利端同步改善，前三季度归母净利润较去年同期减亏超30%， 经营活动产生的现金流较去年同期大幅优化，整体经营质量持续向好。 依托战略投资与自主研发的双向赋能，品高股份正逐步构建覆盖芯片、硬件、软件的全链条国产算 力解决方案体系，为经营质效提升筑牢根基。 锚定国产替代红利全栈布局核心赛道 在AI技术的推动下，推理需求、MaaS生态及AI服务器国产化正重塑云计算产业链价值格局。开源 证券数据显示，2025年全球云服务市场规模（含IaaS/PaaS/SaaS/BMaaS）加速扩张，Q2增速达22%，全 年规模预计超3213亿美元；中国市场同样保持增长态势，2024 年整体云服务市场规模为5445.4亿元，预 计2025年将增至6376.5亿元，同比增长17.1%。 目前，PYD20系列已全面支持DeepSeek-V3.2-Exp等主流开源大模型，并提供部署优化等定制化服 ...

软硬协同发力激活国产智算潜力 随着生成式AI、大模型技术的快速普及，人工智能应用已从实验室走向产业落地，政务服务、金融风 控、智能制造等领域对算力的需求快速增长。《中国人工智能计算力发展评估报告》预测，2025年中国 智能算力规模将较2024年增长43%，人工智能算力市场规模将达到259亿美元，同比增长36.2%。 面对国产智算高速发展的战略机遇，品高股份制定"云边端"协同与软硬一体融合发展战略。公司通过战 略投资布局国产芯片领域，覆盖推理芯片、通感算一体芯片及UWB超宽带感知芯片等关键方向，以推 动从中心到边缘的全链路国产化落地。同时，公司注重技术协同，联合芯片企业共建国产算子库、优化 底层推理算子，并与高校共建联合研发中心，为被投企业提供技术赋能，逐步构建起软硬件深度融合的 产业生态，核心竞争力持续提升。 值得关注的是，同日公司公众号发文称，自主研发的"软硬协同"代表产品——品原AI一体机，在第27届 中国国际软件博览会上荣获"2025年度人工智能创新产品"奖项，技术实力与应用价值获得行业权威认 可。该产品采用供应链全流程国产化设计，从核心芯片到整机集成均实现自主可控。硬件层面可高密度 搭载16张江原D1 ...

Group 1 - The core viewpoint is that AI for Science (AI4S) will significantly impact the competitive landscape of the chemical industry as AI applications accelerate across the entire chemical value chain [1] - AI4S is transitioning from an academic to a commercial level, with the emergence of multi-modal large models and automated experiments, leading to self-driving laboratories and collaborative platforms [1][2] - The report identifies six major directions for innovative applications, including strain selection in the bio-fermentation industry, new material applications, and pesticide development, which will drive breakthroughs [2] Group 2 - The performance of AI systems in the chemical sector is heavily dependent on high-quality data, which will widen the gap between leading and lagging companies [2] - Companies with a history of structured management and strategic planning are more likely to leverage external collaborations and maintain a competitive edge in AI [2]

Core Insights - The company has successfully turned around its performance in the first reporting period of 2025, achieving significant growth in revenue and net profit, which serves as a strong boost for the market [1] - In Q1 2025, the company reported revenue of 172 million yuan, a year-on-year increase of 5.45%, and a net profit attributable to shareholders of 13.63 million yuan, up 911.82% [1] - The strategic transformation towards AI has laid a solid foundation for the company's performance recovery, despite challenges faced in 2024 due to industry demand downturn and increased competition [1][2] Business Segments - The "AI + Cloud Computing" segment has successfully completed the incubation phase and is entering the expansion phase, with revenue reaching 10.67 million yuan, a year-on-year increase of 259.07% and a gross margin of 32.34% [2] - The "AI + Security" and "Industry Digitalization" segments are showing positive synergy between traditional and emerging businesses, leveraging accumulated industry know-how and data for AI applications [2] - The company has transformed from a "Smart City Service Provider" to a "Provider of AI Products and Solutions," with significant technological advancements, including 28 new AI-related patents and 57 new software copyrights in 2024 [2] Industry Outlook - The year 2025 is viewed as a critical juncture for the AI industry, and the company is expected to accelerate the release of core growth momentum in the AI + industry sector during this strategic opportunity period [3]