众多科技企业掘金中东，背后是市场需求的变化。阿联酋正是 通过总统亲自推动，将AI纳入国家战略核心，通过'自上而 下'的模式，推动AI技术快速渗透到政务、医疗、交通等关键 领域。 作者： 杜涛 封图：本报资料室 "现在的阿联酋或者中东，有点像改革开放时期的中国。" "比如，阿联酋的房地产等行业正处在高速增长期。迪拜的科技产业则有种'弯道超车'的势头，起步就直接跨越到AI（人工智能）阶段。" 这是今年一些中国参展商对中东地区经济发展的判断。 10月13日，迪拜海湾信息博览会（GITEXGLOBAL，下称GITEX）开幕。在其庞大的展厅内，全球知名企业云集，中国三大运营商悉数到场，小鹏汇 天、科大讯飞、万兴科技、九章云极等民营企业也赫然在列。 今年是九章云极第二次参加GITEX。2024年首度亮相时，九章云极收获颇丰，不仅在当时举办的科技创新挑战赛中跻身前20名，还结识了诸多合作伙 伴，进一步拓展了业务版图。 2025年，九章云极又来到了GITEX。九章云极国际业务负责人徐江对经济观察报表示，此次参加展会主要基于三个方面考量：第一，让团队成员进一 步在现场体验中东地区规模最大的AI相关展会，亲身体察行业脉搏与客户需 ...

Core Insights - The UAE and the Middle East are experiencing rapid economic growth, similar to China's reform and opening-up period, particularly in sectors like real estate and technology [2] - The GITEX Global event in Dubai showcases the increasing presence of Chinese tech companies, highlighting their interest in the Middle Eastern market [3][5] Industry Trends - AI technology is transitioning from exploration to large-scale deployment, especially in key sectors such as energy and finance [4] - There is a growing focus on trustworthy technology, including quantum encryption and AI ethics governance [4] - Cross-industry collaboration is becoming more prominent, with innovations in digital health and renewable energy [4] Market Opportunities - The AIGC market in the Middle East is projected to grow at a compound annual growth rate of approximately 29% from 2025 to 2030 [5] - The UAE's "National AI Strategy 2031" and Dubai's "D33 Economic Agenda" are driving the digital economy's growth [5] - Saudi Arabia's "Vision 2030" is accelerating economic transformation, particularly in AI, through partnerships with global tech giants [6] Company Activities - Companies like Wondershare and Kuaishou are leveraging GITEX to expand their market presence and establish partnerships in the Middle East [5][8] - Kuaishou is focusing on providing tailored digital solutions for various user groups, including office workers and content creators [8] - Companies are adapting their technologies to meet local market demands, such as Kuaishou's AI solutions for content creation [8] Real Estate Sector - The UAE's real estate market is booming, with significant growth in property sales, particularly in Dubai and Abu Dhabi [14][15] - The construction sector is benefiting from increased demand, driven by a growing population and foreign investment [14][15] Chinese Companies in the Region - Over 6,000 Chinese companies have established a presence in the UAE, with investments spanning various sectors including energy, construction, and technology [4] - Companies like iFlytek are seeing rapid growth in the Middle East, particularly with products tailored for local markets [12][13]

Group 1: Financial Performance - In 2024, the company achieved revenue of 1.44 billion yuan, a year-on-year decrease of 2.8%, with a net loss attributable to shareholders of 160 million yuan; in Q1 2025, revenue reached 380 million yuan, a year-on-year increase of 6.1%, with a net loss of 30 million yuan [1] - The gross margin in Q1 2025 was 92.3%, a year-on-year decline of 2.2 percentage points, primarily due to increased operating costs from AI server expenses [1] - The sales, management, and R&D expense ratios increased year-on-year by 15.1 percentage points, 0.7 percentage points, and decreased by 1.1 percentage points respectively, with the rise in sales expense ratio attributed to intensified market competition and increased costs for new products and channels [1] Group 2: AI Empowerment and Product Development - The company has seen functional innovations across its business products with AI integration, particularly in mobile strategies, leading to significant growth in active users [2] - In 2024, the video creative business generated revenue of 961 million yuan, with the core product Filmora releasing its V14 version featuring over ten innovative functions [2] - The practical tools business generated revenue of 234 million yuan, with the MobileTrans product seeing over 40% year-on-year revenue growth through deep integration with AI [2] Group 3: Operational Efficiency and Cost Reduction - AI tools have been introduced to enhance operational efficiency, significantly reducing R&D costs and assisting over 400 personnel in code generation, with AI-generated code accounting for 35% of total output [3] - The efficiency of material generation driven by AI has improved, with over 14 million AI materials exported throughout the year, representing a year-on-year increase of over 700% [3] Group 4: Profit Forecast and Valuation - The company is expected to continue enhancing product capabilities and marketing channels while actively engaging in AIGC, with projected revenues of 1.647 billion, 1.975 billion, and 2.421 billion yuan for 2025-2027, and net profits of 62 million, 94 million, and 132 million yuan respectively [4] - The expected EPS for the same period is 0.32, 0.49, and 0.69 yuan, maintaining a "buy" rating [4]