Core Insights - The company reported a decline in revenue and net profit for the first half of 2025, with total revenue at 902 million yuan, down 15.73% year-on-year, and net profit attributable to shareholders at 18.21 million yuan, down 38.72% [1] - The company's performance was significantly impacted by the泛ERP segment, which saw a revenue drop of 19.04% to 528 million yuan [1] - The company has made strides in AI product development, particularly in the PCB industry, securing orders worth 103 million yuan in the first half of 2025, with 60% from泛ERP and 40% from smart manufacturing [2] Financial Performance - For the first half of 2025, the company achieved a gross profit margin of 31.91%, an increase of 1.52 percentage points year-on-year [1] - The breakdown of revenue by business segment shows that the smart manufacturing and industrial internet segment generated 259 million yuan, down 9.30%, with a gross margin of 41.86%, up 1.01 percentage points [1] - The company's operating expenses as a percentage of revenue were 7.76% for sales, 8.26% for management, and 14.58% for R&D, with year-on-year changes of +0.98, +2.58, and -0.04 percentage points respectively [1] Industry Developments - The company has developed an AI model for the PCB industry that significantly reduces the time required for parameter extraction from hours to minutes while maintaining over 95% accuracy [2] - A partnership with Huawei has led to the launch of the iMOM product, which focuses on data-driven production management across key manufacturing sectors [2] - The company aims to leverage its established relationships with the top ten manufacturers in the PCB industry to promote its AI products more widely [2] Investment Outlook - Revenue projections for the company are estimated at 2.461 billion yuan in 2025, 2.731 billion yuan in 2026, and 2.994 billion yuan in 2027, with net profits expected to be 158 million yuan, 250 million yuan, and 331 million yuan respectively [2]

在这一背景下，公司进一步围绕核心ERP推出基于共享技术中台的丰富的数字化中台应用，并通过赛意 AI中台（善谋AIGC平台）提供技术赋能。赛意AI中台（善谋AIGC平台）构建了企业大规模智能AI服 务的中台能力，深度融合供应链、生产制造、财务等领域知识，助力企业实现流程智能化管理、交互、 引导与流转。 在善谋AIGC平台的赋能下，赛意信息垂类行业AI大模型解决方案的效果显著，应用场景效率明显提 升，为制造业的智能化升级提供了有力支撑。以 PCB AI 大模型解决方案为例，在图纸解析方面，处理 时间从原来的小时级大幅压缩到分钟级，复杂图纸处理更是从十几小时缩短至 30-40 分钟，其效率优势 十分显著。得益于优异的性能，智能制造领域在公司AI收入中的占比已经达到了40%。 在AI技术加速渗透千行百业的当下，软件实施开发领域正经历从"流程数字化"向"智能场景化"的范式跃 迁，企业级AI管理平台构建、工具链技术掌握及AI应用场景实施开发能力已成为行业竞争的核心分水 岭。 8月21日晚间，赛意信息(300687)发布了2025年半年报。报告期内，凭借在 AI 与智能制造领域的深耕细 作，上半年，公司实现营业收入9.02 ...

在善谋AIGC平台的赋能下，赛意信息垂类行业AI大模型解决方案的效果显著，应用场景效率明显提 升，为制造业的智能化升级提供了有力支撑。以 PCB AI 大模型解决方案为例，在图纸解析方面，处理 时间从原来的小时级大幅压缩到分钟级，复杂图纸处理更是从十几小时缩短至 30-40 分钟，其效率优势 十分显著。得益于优异的性能，智能制造领域在公司AI收入中的占比已经达到了40%。 同时，赛意信息还横向拓展其他领域，目前已在光伏领域丝网印刷工艺领域推出了相应的解决方案，未 来还计划在装备等领域投入预研，不断拓展业务版图。随着制造业客户在大模型生成式AI能力应用方 面的需求不断攀升，企业级市场在AI方面的付费意愿正逐步提升，未来公司在AI应用方面的收入有望 持续增加。 除此之外，赛意信息还与华为联合推出基于华为IDME模型的iMOM，这是双方携手打造的新一代 MOM 行业产品解决方案。该方案基于华为云工业数字模型驱动引擎DME 和数字化制造云平台MBM Space平台构建，采用Center-Site架构，支持集团化、链主和产业集群统一管理，以及云边端弹性部署， 能够有效解决自动化工厂边缘采集的高频率、高稳定需求。 8月2 ...