（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：您好，贵司鉴真可以识别Nano Banana pro（Gemini 3 pro）生成的图片吗？ 国投智能（300188.SZ）11月27日在投资者互动平台表示， 截至当前，公司的鉴真产品对BANANA PRO生成的图片/视频具备一定的检测能力，准确率和新模型的支持率将随着模型持续迭代而提升。 ...

Core Viewpoint - Guotou Intelligent Information Technology Co., Ltd. held a Q3 investor briefing on October 27, 2025, discussing its performance, AI strategy, and industry concerns with 56 institutional investors participating [1][2]. Financial Performance - New signed orders increased by 23% year-on-year, primarily from public safety big data and digital government sectors; however, revenue decreased by 11.39% to 795 million yuan [3]. - The net loss attributable to shareholders was 366 million yuan, a 51.16% increase in loss compared to the previous year [3]. - The company’s total assets were 5.049 billion yuan, down 4.35% year-on-year, with equity attributable to shareholders at 3.094 billion yuan and cash reserves of 914 million yuan [3]. - Operating cash flow showed a net outflow of 353 million yuan, but this was a reduction of 49 million yuan compared to the previous year, indicating improved cash flow pressure [3]. Business Development - The "All in AI" strategy has led to significant breakthroughs in AI business commercialization, with the "Tianqing" public safety model achieving substantial application across various sectors [4]. - The "Jianzhen" series of products has established a core technology barrier, covering 15 provincial platforms and over 100 municipal platforms, with a user base exceeding 160,000 [4]. Investor Concerns - The discrepancy between new signed orders and revenue was attributed to the long-cycle nature of over 50% of new orders, which are expected to be recognized in Q4 and subsequent fiscal years [5]. - Delays in project acceptance due to client demand optimization and cautious budget approvals from government and large enterprise clients were also noted as contributing factors [5]. Profitability Challenges - The comprehensive gross margin for January to September 2025 was 35%, a decrease of 5.73% year-on-year, primarily due to weak market demand and rising project costs [6]. - The company plans to improve profitability through various measures, including launching advanced products and optimizing procurement strategies [6]. Strategic Outlook - As a key implementation unit for digital construction under Guotou Group, the company has completed over 40 major projects and aims to deepen digital service capabilities in the upcoming 14th and 15th Five-Year Plans [7][8]. - The company emphasizes its strong cash reserves and successful AI model implementation, positioning itself for sustainable long-term development despite short-term industry challenges [8].