Paradigm 25's total revenue for the first three quarters was 4.402 billion yuan, up 36.8% year-on-year, and achieved profit in a single quarter for the first time

The Zhitong Finance App learned that today (November 12), Paradigm announced the results for the first three quarters of 2025. According to the announcement, in the first three quarters of this year, the company's total revenue was RMB 4.402 billion, up 36.8% year on year, far exceeding the same period last year; gross profit of RMB 1,621 billion, up 20.1% year on year, a significant increase over the same period last year; gross margin was 36.8%, which remained stable overall during the period. It is particularly worth mentioning that the company achieved a single quarter profit for the first time in the third quarter.

As enterprise customers increasingly demand AI applications that can be implemented and generate real business value, the company has captured a large number of new business opportunities and expanded new customers in various key industries such as energy, manufacturing, finance, and retail. The company's core product, the Prophet AI platform business, achieved explosive growth during the announcement period. The sector's revenue was RMB 3,692 billion, up 70.1% year on year, driving the company's performance to accelerate twice.

Of course, this strong growth is also inseparable from the company's long-term persistence in exploring and depositing full-stack AI technology and functional modules on the platform. R&D expenses during this period were RMB 1,489 billion, up 8.4% year on year. The R&D cost rate was 33.8%, down 8.9 percentage points year on year. While maintaining continuous technological leadership, R&D investment and output efficiency was greatly optimized.

Unlock the potential of computing power to accelerate the explosion of the application-side market

During the announcement, the company invested deeply in the development of domestic computing power — the “oil” of the new era: on the one hand, the company invested in holding more than 9% of the shares of the leading domestic GPU manufacturer Xiwang, and also invested in another leading domestic GPU manufacturer, Tianshu Zhixin, through the company's fund strategy; on the other hand, in response to the industry gap, the company launched ModelHub XC and its underlying core AI engine system EngineX, which aims to achieve deep, efficient, and stable coordination between domestic computing power and large models, so that the computing power potential of the hardware can be truly and losslessly transformed into visible enterprises Improve business value and efficiency, and maximize integrated value. At this stage, the number of models that have been adapted and certified by the platform is hundreds; within half a year, the number of models that have been certified will be updated to more than 1,000; within a year, it will reach more than 100,000; it will continue to maintain this update rate in the future. Currently, the platform's compatible Xinchuang computing power includes: Huawei Ascend, Cambrian, Tiansu Zhixin, Kunlun Chip, Mu Xi, and Xi Wang (ranked in no particular order). In the future, it will cover all mainstream Xinchuang computing power on the market.

In terms of hardware, the company released a “Virtual VRAM” virtual video memory expansion card. The video memory on a single card can be expanded to 256 GB (equivalent to 10 RTX 4090 sheets), which can break through video memory limitations without changing hardware and support large-scale AI tasks.

In terms of cloud-native scheduling, the fourth paradigm is based on Kubernetes v1.34's GPU dynamic scheduling capabilities to achieve integrated fine scheduling of computing power and video memory. The open source project Hami-Core was deeply adapted to DRA, launched a GPU dynamic resource driver, promoted the upgrade of cloud-native computing power management, and drastically lowered the usage threshold.

“Artificial Intelligence +” empowers thousands of industries to enter the AI or software era

In August, the State Council issued opinions on the “Artificial Intelligence +” initiative, which aims to promote the broad and deep integration of artificial intelligence with various industries and fields, and promote a revolutionary shift in productivity.

In this context, the era of AI as software has arrived. In response to this, in response to the traditional fragmented software market pattern, the company breaks down unnecessary complexity and redundancy in traditional business processes and business software architectures through the “AI Agent+ World Model”, so that future enterprise production and operation decisions are driven by a unified AI brain. While new fields such as [AI+ stablecoin] and [AI+ energy storage] continue to advance, the company also recently released the [AI+ Sports Strategy Solution], using tennis as an entry point to create an AI+ sports benchmark. It will also promote sports such as badminton, table tennis, etc., to help competitive training innovation and the digital upgrading of national fitness. It will also build a “field side - adversarial end - personal” full-scene data loop by opening up sports data models and wearable devices to achieve multi-terminal collaboration to provide scientific training support for amateur athletes and provide data operation tools for stadiums and coaches, promote The inclusive development of national sports.

During this period, the company achieved 103 benchmark users; the average revenue contribution of benchmark users was 25 million yuan, an increase of 71.4% over the previous year.

According to data from the International Data Corporation (IDC) report, Paradigm has consistently ranked first in the market share of machine learning platforms in China for seven consecutive years. In the future, we will continue to promote the Prophet Platform as the core engine for the development of new quality productivity in thousands of industries, leading the 10-trillion AI software market.

Phancy unlocks industry shackles and breaks barriers in the smart terminal industry

Phancy's consumer electronics business, which began at the beginning of this year, continues to gain strength. Based on an open technical cooperation mentality, it is committed to making it easy for customers to build smart terminals with strong AI capabilities through Phancy AI smart modules, so that consumer electronics products can complete the development stage of transformation to consumer goods. The company launched AI smart glasses equipped with 13 megapixel high-definition cameras; reached cooperation with AOC and others to develop in-depth collaboration around AI technology to enable smart wearable devices to jointly promote product innovation and scenario implementation. Currently, there are 3 million, 8 million, and 13 megapixel models of glasses. In the future, diversified brand partnerships will be implemented one after another, collaborating with famous car brands such as Lamborghini and Maserati to launch joint watches, and collaborating with celebrity personal IPs to release smart glasses, etc.

The results for the first three quarters of this year reflect that as a practitioner of AI for Everyone, the company has always been firm in the technical path of the “AI Agent+ World Model”, empowering thousands of industries to move towards a digital intelligent future, and is committed to building AI productivity infrastructure that drives the full profit of enterprises. It has become the core driver of the AI era, leading the early advent of the AGI era.