<p>香港，2025 年 9 月 5 日- (ACN Newswire) - 财务亮点：</p>
<p>- 2025 年上半年，总收入达到人民币 26.26 亿元，同比增长 40.7%</p>
<p>- 4ParadigmSage AI 平台（'4ParadigmSage'）业务的收入同比增长 71.9%，达到人民币 21.49 亿元，占总收入的 81.8%</p>
<p>- SHIFT 智能解决方案业务的收入为人民币 3.71 亿元，占总收入的 14.1%</p>
<p>- 4ParadigmSageGPT AIGS 服务部门的收入为人民币 1.06 亿元，占总收入的 4.1%</p>
<p>- 2025 年上半年，公司研发费用进一步增加至人民币 8.934 亿元，研发费用占比为 34.0%</p>
<p>- 2025 年上半年，公司记录的归属于公司股东的调整后净亏损（非国际财务报告准则指标）为人民币 4370 万元，较去年同期的人民币 1.516 亿元缩窄约 71.2%</p>
<p>运营亮点：</p>
<p>- 2025 年上半年，灯塔用户数量达到 90 个，比去年同期增加 4 个，平均每个灯塔用户的收入为人民币 1798 万元，同比增长约 56.6%</p>
<p>- AI 代理 + 世界模型：在报告期内，公司推出了跨多个行业的'AI 代理 + 行业特定大型模型'智能代理解决方案，推动了企业用户的生产力飞跃</p>
<p>- Phancy：在报告期内，公司推出了'Phancy'消费电子业务，旨在为市场提供基于 AI 代理的集成软件和硬件解决方案</p>
<p>- AI + 储能：在报告期内，公司致力于聚合分布式电源、可控负荷、储能系统及电网中其他分散资源，进行统一协调、优化和控制，帮助虚拟电厂全方位参与电力市场的运营，并为电网提供削峰和频率调节等多种服务</p>
<p>- AI + 稳定币：在报告期内，公司与一家领先的经纪公司签署了战略合作协议，共同开发和探索'AI + 稳定币风险控制与合规解决方案'</p>
<p>2025 年 8 月 21 日，领先的企业 AI 软件公司 - 北京第四范式科技有限公司（'第四范式'或'公司'，股票代码：6682.HK）今天公布了截至 2025 年 6 月 30 日的六个月合并中期业绩（'报告期'）。</p>
<p>在报告期内，第四范式的收入显著增加，总收入为人民币 26.26 亿元，同比增长约 40.7%。归属于公司股东的调整后净亏损（非国际财务报告准则）为人民币 4370 万元，较去年同期的人民币 1.516 亿元缩窄约 71.2%。</p>
<p>第四范式的核心业务 - 4ParadigmSage AI 平台 - 继续表现强劲。受益于企业对 AI 原生软件的强劲需求、4ParadigmSage AI 平台的全面升级以及新 AI 生产力系统的及时开发，公司成功推出了多个行业特定的代理应用解决方案，并建立了合作伙伴协作生态系统，为 4ParadigmSage AI 平台业务带来了显著的收入增长。在报告期内，4ParadigmSage AI 平台业务的收入为人民币 21.49 亿元，同比增长 71.9%，占公司总收入的约 81.8%。</p>
<p>在费用方面，在报告期内，公司三大主要费用与收入的总比率从 58.2% 下降至 44.5%，其中研发投资的规模效应在今年得到了充分体现，研发费用总额较去年增加约 5.1%，而费用比率同比下降 11.5 个百分点至 34.0%。同时，公司始终关注健康的现金流和业务质量。截至 2025 年 6 月 30 日，应收账款余额从去年年底的人民币 30.86 亿元显著减少至人民币 19.67 亿元。</p>
<p>'AI 代理 + 世界模型'已全面部署，实现显著商业成功</p>
<p>在报告期内，第四范式深化了其'AI 代理 + 世界模型'战略的实施和应用，有效捕捉了企业客户在高价值场景中的 AI 转型需求。公司为企业提供与其业务深度集成并经过工程化实施的 AI 解决方案（企业级 AIOS），而非独立工具。'AI 代理 + 世界模型'的价值主张在企业客户中实现了全面采用。灯塔用户数量达到 90 个，比去年同期增加 4 个，平均每个灯塔用户的收入为人民币 1798 万元，同比增长 56.6%。每用户平均收入的增长轨迹表明，4ParadigmSage AI 平台正在迅速成为企业的 AI 生产力基础设施。</p>
<p>根据 IDC 最近发布的市场份额报告，第四范式在 2024 年连续七年在中国机器学习平台市场份额中排名第一。</p>
<p>持续探索新业务，'AI+'定位未来增长</p>
<p>在专注于人工智能在传统强势行业应用的同时，第四范式从未停止对 “AI+” 新领域的探索。针对 “AI + 稳定币”，公司相继推出了 “AI + 稳定币风险控制与合规解决方案” 和 “稳定币基础资产管理解决方案”，积极与领先的证券公司合作，战略性地扩展至稳定币生态系统。第四范式致力于 “AI + 储能”，专注于电力交易策略优化和智能电厂的运营与维护，利用在能源行业积累的数据模型解决行业痛点。未来，第四范式将继续敏锐捕捉前沿趋势，探索 “AI+” 更多可能性，发掘新的商业价值和应用场景，为公司开辟新的增长曲线，引领人工智能转型的趋势，帮助客户在全球人工智能产业竞争中占据更有利的战略位置。</p>
<p>生态建设与边缘扩展：‘Phancy’ 消费电子业务展现出强大的潜力，前景可期</p>
<p>‘Phancy’ 消费电子业务于今年正式推出，表现也相当出色。作为第四范式将其人工智能能力延伸至终端用户的重要探索，已在上半年与合作伙伴推出并开始销售多款消费电子产品，包括智能手表、智能眼镜和智能耳机。未来将扩展至智能玩具、智能可穿戴配件和具身智能等领域。Phancy 致力于构建一个全面的产品生态系统，将人工智能能力带入每个家庭，惠及每一个人。</p>
<p>更重要的是，第四范式正在逐步构建一个全新的智能终端设备生态系统。2025 年 5 月，公司宣布与 HarmonyOS 和海思进行深度合作，将公司的人工智能模型能力与海思的高性能低功耗芯片在边缘侧进行整合，共同打造一个结合 “AI + 操作系统 + 核心芯片” 的集成智能硬件解决方案。这一合作为 HarmonyOS 的生态系统注入了强大的创新动力，赋能智能连接的新纪元。同时，第四范式与 Bluetrum、杰里科技和博创公司建立了战略合作伙伴关系，深度整合领先的人工智能通信芯片与算法，为未来更多消费电子产品提供端到端的人工智能解决方案，增强公司的基础技术竞争力。</p>
<p>在战略展望方面，北京第四范式科技有限公司董事会主席、执行董事、首席执行官兼总经理戴珊博士表示：“在 2025 年上半年，我们通过优越的产品和技术能力巩固了市场领导地位，同时积极追求开放生态系统合作伙伴关系，为未来增长奠定基础。未来，我们将继续坚持以 ‘技术驱动、客户价值和生态共赢’ 为核心战略，构建推动企业全面盈利的人工智能生产力基础设施，力争成为人工智能时代的核心驱动力，引领 AGI 时代的早日到来。我们坚信，通过持续的技术创新投资，第四范式将始终处于人工智能技术探索和商业实施的前沿。”</p>
<p>来源：北京第四范式科技有限公司。</p>
<p>版权 2025 ACN Newswire。保留所有权利。</p>

第四范式

<p>第四范式公布了 2025 年上半年的中期业绩，报告总收入为人民币 26.26 亿元，同比增长 40.7%。4ParadigmSage AI 平台的收入为人民币 21.49 亿元，增长 71.9%，而经调整后的净亏损缩小至人民币 4370 万元。研发费用上升至人民币 8.934 亿元，占比 34.0%。公司推出了新的人工智能解决方案，灯塔用户数量增加至 90 个，用户平均收入为人民币 1798 万元，反映出对人工智能原生软件解决方案的强劲需求</p>

<p>HONG KONG, Sept 5, 2025 - (ACN Newswire) - Financial Highlights:</p>
<div class="lb-trans"><p>香港，2025 年 9 月 5 日- (ACN Newswire) - 财务亮点：</p>
</div><p>- In the first half of 2025, the total revenue amounted to RMB2,626 million, representing a year-on-year growth of 40.7%</p>
<div class="lb-trans"><p>- 2025 年上半年，总收入达到人民币 26.26 亿元，同比增长 40.7%</p>
</div><p>- The revenue of the 4ParadigmSage AI Platform ('4ParadigmSage') business grew by 71.9% year on year to RMB2,149 million, accounting for 81.8% of the total revenue</p>
<div class="lb-trans"><p>- 4ParadigmSage AI 平台（'4ParadigmSage'）业务的收入同比增长 71.9%，达到人民币 21.49 亿元，占总收入的 81.8%</p>
</div><p>- The SHIFT Intelligent Solutions business recorded revenue of RMB371 million, accounting for 14.1% of the total revenue</p>
<div class="lb-trans"><p>- SHIFT 智能解决方案业务的收入为人民币 3.71 亿元，占总收入的 14.1%</p>
</div><p>- The revenue of the 4ParadigmSageGPT AIGS Services segment amounted to RMB106 million, accounting for 4.1% of the total revenue</p>
<div class="lb-trans"><p>- 4ParadigmSageGPT AIGS 服务部门的收入为人民币 1.06 亿元，占总收入的 4.1%</p>
</div><p>- In the first half of 2025, the total R&amp;D expenses further increased to RMB893.4 million, with the R&amp;D expense ratio of 34.0%</p>
<div class="lb-trans"><p>- 2025 年上半年，公司研发费用进一步增加至人民币 8.934 亿元，研发费用占比为 34.0%</p>
</div><p>- In the first half of 2025, the Company recorded an adjusted net loss attributable to the shareholders of the Company (a non-IFRS measure) of RMB43.70 million, which narrowed by approximately 71.2% from RMB151.6 million for the same period last year</p>
<div class="lb-trans"><p>- 2025 年上半年，公司记录的归属于公司股东的调整后净亏损（非国际财务报告准则指标）为人民币 4370 万元，较去年同期的人民币 1.516 亿元缩窄约 71.2%</p>
</div><p>Operation Highlights:</p>
<div class="lb-trans"><p>运营亮点：</p>
</div><p>- In the first half of 2025, the number of lighthouse users reached 90, an increase of four compared to the same period last year, and the average revenue per lighthouse user was RMB17.98 million, representing a year-on-year increase of approximately 56.6%</p>
<div class="lb-trans"><p>- 2025 年上半年，灯塔用户数量达到 90 个，比去年同期增加 4 个，平均每个灯塔用户的收入为人民币 1798 万元，同比增长约 56.6%</p>
</div><p>- AI agent + World Model: During the Reporting Period, the Company launched intelligent agent solutions of 'AI agent + industry-specific large models' across multiple sectors, driving a leap in productivity for enterprise users</p>
<div class="lb-trans"><p>- AI 代理 + 世界模型：在报告期内，公司推出了跨多个行业的'AI 代理 + 行业特定大型模型'智能代理解决方案，推动了企业用户的生产力飞跃</p>
</div><p>- Phancy: During the Reporting Period, the Company launched its 'Phancy' consumer electronics business, positioned to provide the market with integrated software and hardware solutions based on AI agents</p>
<div class="lb-trans"><p>- Phancy：在报告期内，公司推出了'Phancy'消费电子业务，旨在为市场提供基于 AI 代理的集成软件和硬件解决方案</p>
</div><p>- AI + Energy Storage: During the Reporting Period, the Company is committed to aggregating distributed power supplies, controllable loads, energy storage systems and other resources scattered in the power grid, and carrying out unified coordination, optimization, and control, to help Virtual Power Plant participate in the operation of the power market in all aspects, and provide a variety of services for the power grid, such as peak shaving and frequency shifting</p>
<div class="lb-trans"><p>- AI + 储能：在报告期内，公司致力于聚合分布式电源、可控负荷、储能系统及电网中其他分散资源，进行统一协调、优化和控制，帮助虚拟电厂全方位参与电力市场的运营，并为电网提供削峰和频率调节等多种服务</p>
</div><p>- AI + Stablecoin: During the Reporting Period, the Company entered into a strategic cooperation agreement with a leading brokerage firm, jointly developing and exploring the 'AI + Stablecoin Risk Control &amp; Compliance Solution'</p>
<div class="lb-trans"><p>- AI + 稳定币：在报告期内，公司与一家领先的经纪公司签署了战略合作协议，共同开发和探索'AI + 稳定币风险控制与合规解决方案'</p>
</div><p>21 August 2025, A leading enterprise AI software company - Beijing Fourth Paradigm Technology Co., Ltd. ('Fourth Paradigm' or the 'Company', Stock Code: 6682.HK) today announced the consolidated interim results for the six months ended June 30, 2025 (the 'Reporting Period').</p>
<div class="lb-trans"><p>2025 年 8 月 21 日，领先的企业 AI 软件公司 - 北京第四范式科技有限公司（'第四范式'或'公司'，股票代码：6682.HK）今天公布了截至 2025 年 6 月 30 日的六个月合并中期业绩（'报告期'）。</p>
</div><p>During the reporting period, Fourth Paradigm's revenue increased significantly, with total revenue of RMB2,626 million, representing a year-on-year growth of approximately 40.7%. Adjusted net loss attributable to the shareholders of the Company (non-IFRS) was RMB43.7 million, narrowing by approximately 71.2% from RMB151.6 million for the same period last year.</p>
<div class="lb-trans"><p>在报告期内，第四范式的收入显著增加，总收入为人民币 26.26 亿元，同比增长约 40.7%。归属于公司股东的调整后净亏损（非国际财务报告准则）为人民币 4370 万元，较去年同期的人民币 1.516 亿元缩窄约 71.2%。</p>
</div><p>Fourth Paradigm's core business - the 4ParadigmSage AI Platform - continued to perform strongly. Benefiting from strong demand from enterprises for AI-native software, comprehensive upgrade of the 4ParadigmSage AI Platform, and timely development of a new AI productivity system, the Company successfully launched multiple industry-specific Agent application solutions and established an ecosystem of partner collaborations, driving significant revenue growth for the 4ParadigmSage AI Platform business. During the reporting period, the 4ParadigmSage AI Platform business generated revenue of RMB2,149 million, representing a year-on-year increase of 71.9%, accounting for approximately 81.8% of the Company's total revenue.</p>
<div class="lb-trans"><p>第四范式的核心业务 - 4ParadigmSage AI 平台 - 继续表现强劲。受益于企业对 AI 原生软件的强劲需求、4ParadigmSage AI 平台的全面升级以及新 AI 生产力系统的及时开发，公司成功推出了多个行业特定的代理应用解决方案，并建立了合作伙伴协作生态系统，为 4ParadigmSage AI 平台业务带来了显著的收入增长。在报告期内，4ParadigmSage AI 平台业务的收入为人民币 21.49 亿元，同比增长 71.9%，占公司总收入的约 81.8%。</p>
</div><p>In terms of expenses, during the reporting period, the total ratio of the Company's three major expenses to revenue decreased from 58.2% to 44.5%, of which the scale effect of R&amp;D investment has been fully demonstrated this year, with total R&amp;D expenses increasing by approximately 5.1% compared to last year, while the expense ratio decreased by 11.5pct year-on-year to 34.0%. At the same time, the Company has always paid close attention to healthy cash flow and business quality. As of June 30, 2025, the balance of accounts receivable decreased significantly from RMB3,086 million at the end of last year to RMB1,967 million.</p>
<div class="lb-trans"><p>在费用方面，在报告期内，公司三大主要费用与收入的总比率从 58.2% 下降至 44.5%，其中研发投资的规模效应在今年得到了充分体现，研发费用总额较去年增加约 5.1%，而费用比率同比下降 11.5 个百分点至 34.0%。同时，公司始终关注健康的现金流和业务质量。截至 2025 年 6 月 30 日，应收账款余额从去年年底的人民币 30.86 亿元显著减少至人民币 19.67 亿元。</p>
</div><p>'AI Agent + World Model' has been Deployed Comprehensively, Achieving Significant Commercial Success</p>
<div class="lb-trans"><p>'AI 代理 + 世界模型'已全面部署，实现显著商业成功</p>
</div><p>During the Reporting Period, Fourth Paradigm deepened the implementation and application of its 'AI agent + World Model' strategy, effectively capturing the AI transformation demands of enterprise clients in high-value scenarios. The Company provides enterprises with AI solutions (enterprise-grade AIOS) that are deeply integrated with their business and engineered for implementation, rather than standalone tools. The value proposition of 'AI agent + World Model' achieved comprehensive adoption among enterprise clients. The number of lighthouse users reached 90, an increase of four compared to the same period last year, and the average revenue per lighthouse user was RMB17.98 million, representing a year-on-year increase of 56.6%. This growth trajectory in average revenue per user indicates that the 4ParadigmSage AI Platform is rapidly becoming the AI productivity infrastructure for enterprises.</p>
<div class="lb-trans"><p>在报告期内，第四范式深化了其'AI 代理 + 世界模型'战略的实施和应用，有效捕捉了企业客户在高价值场景中的 AI 转型需求。公司为企业提供与其业务深度集成并经过工程化实施的 AI 解决方案（企业级 AIOS），而非独立工具。'AI 代理 + 世界模型'的价值主张在企业客户中实现了全面采用。灯塔用户数量达到 90 个，比去年同期增加 4 个，平均每个灯塔用户的收入为人民币 1798 万元，同比增长 56.6%。每用户平均收入的增长轨迹表明，4ParadigmSage AI 平台正在迅速成为企业的 AI 生产力基础设施。</p>
</div><p>According to a recent market share report released by IDC, Fourth Paradigm has ranked first in China's machine learning platform market share for seven consecutive years in 2024.</p>
<div class="lb-trans"><p>根据 IDC 最近发布的市场份额报告，第四范式在 2024 年连续七年在中国机器学习平台市场份额中排名第一。</p>
</div><p>Continuously Exploring New Businesses, 'AI+' Positioning for Future Growth</p>
<div class="lb-trans"><p>持续探索新业务，'AI+'定位未来增长</p>
</div><p>While focusing on the application of AI in traditional strong industries, Fourth Paradigm has never stopped exploring new areas of 'AI+'. In response to 'AI + Stablecoin', the Company has successively introduced 'AI + Stablecoin Risk Control &amp; Compliance Solution' and 'Stablecoin Underlying Asset Management Solution,' actively cooperating with leading securities firms to strategically expand into the stablecoin ecosystem. Committed to 'AI + Energy Storage', Fourth Paradigm focuses on power trading strategy optimization and smart power plant operation and maintenance, utilizing accumulated data models in the energy industry to solve industry pain points. In the future, Fourth Paradigm will continue to keenly capture cutting-edge trends, explore more possibilities for 'AI+', uncover new commercial value and application scenarios, open up new growth curves for the Company, lead the trend of artificial intelligence transformation, and help customers occupy a more advantageous strategic position in global AI industry competition.</p>
<div class="lb-trans"><p>在专注于人工智能在传统强势行业应用的同时，第四范式从未停止对 “AI+” 新领域的探索。针对 “AI + 稳定币”，公司相继推出了 “AI + 稳定币风险控制与合规解决方案” 和 “稳定币基础资产管理解决方案”，积极与领先的证券公司合作，战略性地扩展至稳定币生态系统。第四范式致力于 “AI + 储能”，专注于电力交易策略优化和智能电厂的运营与维护，利用在能源行业积累的数据模型解决行业痛点。未来，第四范式将继续敏锐捕捉前沿趋势，探索 “AI+” 更多可能性，发掘新的商业价值和应用场景，为公司开辟新的增长曲线，引领人工智能转型的趋势，帮助客户在全球人工智能产业竞争中占据更有利的战略位置。</p>
</div><p>Ecological Construction and Edge-side Extension: 'Phancy' Consumer Electronics Business Shows Strong Potential and is Poised for Promising Growth</p>
<div class="lb-trans"><p>生态建设与边缘扩展：‘Phancy’ 消费电子业务展现出强大的潜力，前景可期</p>
</div><p>'Phancy' consumer electronics business, which was officially launched this year, has also performed well. As an important exploration by Fourth Paradigm to extend its AI capabilities to the end-user side, it has already launched and started selling a number of consumer electronics products, including smart watches, smart glasses, and smart earphones, in collaboration with partners in the first half of the year. In the future, it will expand into areas such as smart toys, smart wearable accessories, and embodied intelligence. Phancy is committed to building a comprehensive product ecosystem that brings AI capabilities into every household and benefits every individual.</p>
<div class="lb-trans"><p>‘Phancy’ 消费电子业务于今年正式推出，表现也相当出色。作为第四范式将其人工智能能力延伸至终端用户的重要探索，已在上半年与合作伙伴推出并开始销售多款消费电子产品，包括智能手表、智能眼镜和智能耳机。未来将扩展至智能玩具、智能可穿戴配件和具身智能等领域。Phancy 致力于构建一个全面的产品生态系统，将人工智能能力带入每个家庭，惠及每一个人。</p>
</div><p>More importantly, Fourth Paradigm is gradually building a brand-new smart terminal device ecosystem. In May, 2025, the Company announced a deep cooperation with HarmonyOS and HiSilicon, integrating the Company's AI model capabilities on the edge side with HiSilicon's high-performance, low-power chips to jointly create an integrated smart hardware solution combining 'AI + Operating System + Core Chips.' This collaboration injects strong innovative momentum into HarmonyOS's ecosystem and empowers the new era of intelligent connectivity. At the same time, Fourth Paradigm entered into strategic partnerships with Bluetrum, Jieli Technology and Beken Corporation to deeply integrate leading AI communication chips with algorithms, providing end-to-end AI solutions for more consumer electronics products in the future and strengthening the Company's underlying technological competitiveness.</p>
<div class="lb-trans"><p>更重要的是，第四范式正在逐步构建一个全新的智能终端设备生态系统。2025 年 5 月，公司宣布与 HarmonyOS 和海思进行深度合作，将公司的人工智能模型能力与海思的高性能低功耗芯片在边缘侧进行整合，共同打造一个结合 “AI + 操作系统 + 核心芯片” 的集成智能硬件解决方案。这一合作为 HarmonyOS 的生态系统注入了强大的创新动力，赋能智能连接的新纪元。同时，第四范式与 Bluetrum、杰里科技和博创公司建立了战略合作伙伴关系，深度整合领先的人工智能通信芯片与算法，为未来更多消费电子产品提供端到端的人工智能解决方案，增强公司的基础技术竞争力。</p>
</div><p>In terms of Strategic Outlooks, Dr. Dai Wenyuan, Chairman of the Board, Executive Director, Chief Executive Officer and General Manager of Beijing Fourth Paradigm Technology Co., Ltd. said, 'In the first half of 2025, we have solidified our market leadership through superior products and technological capabilities, while proactively pursuing open ecosystem partnerships to lay the groundwork for future growth. In the future, we will continue to adhere to our core strategy of 'technology-driven, customer value, and ecosystem win-win,' building AI productivity infrastructure that drives comprehensive corporate profitability, aiming to become a core driver of the AI era and lead the way toward the early arrival of the AGI era. We firmly believe that through continuous investment in technological innovation, Fourth Paradigm will remain at the forefront of the exploration and commercial implementation of AI technology.'</p>
<div class="lb-trans"><p>在战略展望方面，北京第四范式科技有限公司董事会主席、执行董事、首席执行官兼总经理戴珊博士表示：“在 2025 年上半年，我们通过优越的产品和技术能力巩固了市场领导地位，同时积极追求开放生态系统合作伙伴关系，为未来增长奠定基础。未来，我们将继续坚持以 ‘技术驱动、客户价值和生态共赢’ 为核心战略，构建推动企业全面盈利的人工智能生产力基础设施，力争成为人工智能时代的核心驱动力，引领 AGI 时代的早日到来。我们坚信，通过持续的技术创新投资，第四范式将始终处于人工智能技术探索和商业实施的前沿。”</p>
</div><p>Source: Beijing Fourth Paradigm Technology Co., Ltd.</p>
<div class="lb-trans"><p>来源：北京第四范式科技有限公司。</p>
</div><p>Copyright 2025 ACN Newswire . All rights reserved.</p>
<div class="lb-trans"><p>版权 2025 ACN Newswire。保留所有权利。</p>
</div>

第四范式公布 2025 年中期业绩结果