业内分析指出，零点有数2025年全年亏损收窄，与公司全年经营策略的落地实施密切相关，同时也客观 反映出当前数据智能行业需求的复苏态势。随着业务结构优化的持续推进、技术产业化的不断深化，其 盈利能力有望进一步提升。 据悉，零点有数2025年初启动"加减法"经营策略，明确实施项目聚焦精选方案，对项目周期长、人力投 入大、收益回报低的传统报告类业务实施战略性收缩，主动暂停部分低毛利项目，优化项目筛选机制， 将有限的人力、资金等核心资源精准投向政务数据智能、企业决策软件等高附加值业务领域，实现资源 配置效率最大化。 （文章来源：证券日报） 这一调整不仅显著提升了公司整体业务盈利能力，更推动主营业务毛利率稳步攀升。2025年前三季度， 公司主营业务毛利率已达29.06%，同比增加6.73个百分点，盈利质量持续改善。其中，政务数据智能业 务聚焦政务热线、营商环境、智慧税务等核心场景，推出的智能派单解决方案已在全国多地落地，大幅 提升派单效率与准确率。企业决策软件则重点服务消费、烟草等优势领域，助力客户实现数字化转型。 同时，公司持续深化"算法软件化"战略，将原本定制化的数据分析服务转化为标准化、可复用的软件产 品，完成" ...

转自：中国证券报·中证网 中证报中证网讯（王佳飞 熊永红）1月28日，零点有数发布2025年度业绩预告，公司全年归母净利润预 计亏损3200万元至4300万元，扣非净利润预计亏损3400万元至4600万元。经测算，2025年公司全年归母 净利润亏损幅度较上年收窄约40.24%至55.53%，扣非后净利润亏损幅度收窄约39.16%至55.03%。 此外，公司通过并购海乂知实现技术与业务的深度协同，充分发挥海乂知在知识图谱领域的领先优势， 将其技术与自身大模型深度融合，利用知识图谱的可解释推理能力解决大模型"幻觉"痛点，同时借助大 模型降低知识图谱构建成本，不仅增强了在高毛利领域的市场竞争力，更进一步拓宽业务边界，培育新 的业绩增长点。 业内分析指出，零点有数2025年全年亏损预计收窄，与公司全年经营策略的落地实施密切相关，同时也 客观反映出当前数据智能行业需求的复苏态势。随着业务结构优化的持续推进、技术产业化的不断深 化，其盈利能力有望进一步提升。 零点有数表示，公司2025年业绩同比减亏，一是公司募投项目主体投入已在本报告期前基本完成，2025 年度研发投入减少；二是公司进一步优化原有业务结构，带来了报告期内 ...

Core Viewpoint - The company, Beijing Zero Point Data Technology Co., Ltd. (referred to as "Zero Point Data"), has shown signs of operational improvement and strategic effectiveness through its "addition and subtraction" business strategy initiated at the beginning of the year, leading to reduced losses and revenue growth in the third quarter of 2025 [1][2]. Financial Performance - In the first three quarters of 2025, the company achieved revenue of 138 million yuan, with a net loss attributable to shareholders of 54.03 million yuan, marking a year-on-year reduction in losses by 19.54% [1]. - The third quarter revenue reached 48.73 million yuan, reflecting a year-on-year growth of 11.75%, while the net loss decreased by 24.30% compared to the previous year [1][2]. - The gross margin for the main business increased to 29.06%, up by 6.73 percentage points year-on-year [2]. Business Strategy and Structure - The company has strategically controlled its reporting business, reducing involvement in long-cycle, low-revenue projects, and reallocating resources to high-value areas such as government data intelligence and enterprise decision-making software [2]. - This optimization of business structure has enhanced overall profitability and strengthened market competitiveness in high-margin sectors, laying a solid foundation for future performance growth [2]. Technological Advancements - The company has made significant progress in technology, completing a comprehensive upgrade of its "Zero Point Model" and localizing the deployment of Ascend computing power, resulting in the development of three major scenario solutions: "Ask Data," "Ask Strategy," and "Ask Document" [3]. - The acquisition of Haiyi Knowledge has allowed the integration of knowledge graph technology with large models, addressing the "hallucination" issues of large models and reducing the cost of graph construction, which has positioned the company favorably in high-precision fields such as government decision-making [3].

Core Insights - The company reported a revenue of 138 million yuan and a net loss of 54.03 million yuan for the first three quarters of 2025, marking a year-on-year reduction in losses by 19.54% [1] - In Q3 2025, the company achieved a revenue of 48.73 million yuan, reflecting a year-on-year growth of 11.75%, with a net loss reduction of 24.30% [1] - The strategic focus on high-value business areas such as government data intelligence and enterprise decision-making software has improved overall profitability and market competitiveness [1] Financial Performance - For the first three quarters of 2025, the company's main business gross margin increased to 29.06%, up by 6.73 percentage points year-on-year [1] - The company has shown a clear trend of improving operational data, with two consecutive quarters of revenue growth [1] Strategic Developments - The company completed a comprehensive upgrade of its "Zero Point Model" in the first half of 2025, localizing the deployment of Ascend computing power and developing three major scenario solutions [2] - The acquisition of Haiyi Knowledge has integrated knowledge graph technology with large models, addressing the "hallucination" issue of large models and reducing the cost of graph construction [2] - The company has received multiple prestigious awards in the fields of data elements and AI governance, reflecting its technological innovation and strategic foresight [2] Future Outlook - The strategic adjustment has led to a positive cycle of increased share of intelligent software business and improved profitability quality, indicating a certain degree of certainty for revenue growth and reduced net loss for the full year of 2025 [2]