首次年度盈利！寒武纪2025年营收预增超4倍，净利润18.5亿到21.5亿

\u003cdiv class=\"rich_media_content\"\u003e\u003c!--NO_AD_ERROR_2--\u003e\u003cp\u003e中国人工智能芯片领军企业中科寒武纪科技股份有限公司（下称“寒武纪”）预计，得益于行业算力需求的激增与市场拓展的成功，公司2025年将迎来历史性的\u003c!--VERTICAL_CARD_BEGIN_0--\u003e业绩拐点\u003c!--VERTICAL_CARD_END_0--\u003e，实现首次年度盈利。\u003c!--NO_AD_0--\u003e\u003c!--EOP_0--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_0--\u003e\n\u003cp\u003e根据公司发布的2025年年度业绩预告，寒武纪预计全年实现归属于母公司所有者的净利润在18.5亿元至21.5亿元之间，不仅彻底扭转了上一年度逾4.5亿元的亏损局面，更标志着公司商业化进程迈入全新阶段。此外，扣除非经常性损益后的净利润同样表现亮眼，预计达到16亿元至19亿元，这与2024年同期扣非后亏损8.65亿元的状况形成了鲜明对比，显示出公司主营业务\u003c!--VERTICAL_CARD_BEGIN_1--\u003e造血能力\u003c!--VERTICAL_CARD_END_1--\u003e的根本性好转。\u003c!--NO_AD_1--\u003e\u003c!--EOP_1--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_1--\u003e\n\u003cp\u003e这一强劲的盈利预期主要源于营收规模的爆发式增长，在一年内实现了超过四倍的扩张，预计2025年营收将在60亿元至70亿元区间，同比增幅高达410.87%至496.02%。\u003c/p\u003e\n\u003cp\u003e此次业绩预告不仅大幅超越了市场对于本土AI芯片企业的常规增长预期，也验证了高性能计算市场需求的强劲韧性。作为A股市场AI芯片板块的核心标的，寒武纪的盈利转正信号可能重塑投资者对于国产算力供应链盈利能力的\u003c!--VERTICAL_CARD_BEGIN_2--\u003e估值逻辑\u003c!--VERTICAL_CARD_END_2--\u003e，并为相关板块带来积极的市场情绪提振。\u003c!--AI_AD_1000--\u003e\u003c!--AI_AD_2000--\u003e\u003c!--NO_AD_2--\u003e\u003c!--EOP_2--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_2--\u003e\n\u003cp\u003e寒武纪在公告中明确指出，人工智能应用场景的加速落地是推动本期业绩变化的核心动力。公司凭借产品的竞争力抓住了\u003c!--VERTICAL_CARD_BEGIN_3--\u003e算力攀升\u003c!--VERTICAL_CARD_END_3--\u003e的机遇，实现了经营业绩的整体跨越。\u003c/p\u003e\n\u003ch2\u003e\u003c!--HPOS_0--\u003e算力需求驱动业务落地\u003c/h2\u003e\n\u003cp\u003e针对业绩剧变的原因，寒武纪董事会在公告中解释称，公司长期深耕人工智能芯片产品的研发与技术创新，目前正受益于行业宏观环境的积极变化。\u003c/p\u003e\n\u003cp\u003e报告期内，人工智能行业对算力的需求持续攀升。寒武纪表示，公司凭借产品的优异竞争力持续拓展市场，并积极推动人工智能应用场景的落地。正是这种市场需求的扩大与公司产品竞争力的结合，促成了本期营业收入的大幅增长，进而带动了公司整体经营业绩的提升，最终实现了净利润的扭亏为盈。\u003c!--NO_AD_3--\u003e\u003c!--EOP_3--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_3--\u003e\n\u003cp\u003e寒武纪同时强调，本次披露的数据仅为财务部门初步核算结果，尚未经注册会计师审计。尽管截至公告披露日，公司未发现可能影响预告准确性的重大不确定因素，但具体财务数据仍需以公司正式披露的《2025年年度报告》为准。投资者需注意相关投资风险。\u003c!--NO_AD_4--\u003e\u003c!--EOP_4--\u003e\u003c/p\u003e\u003c!--PARAGRAPH_4--\u003e\u003cstyle\u003e.rich_media_content{--news-tabel-th-night-color: #444444;--news-font-day-color: #333;--news-font-night-color: #d9d9d9;--news-bottom-distance: 22px}.rich_media_content p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:.5px;line-height:30px;margin-bottom:var(--news-bottom-distance);word-wrap:break-word}.rich_media_content .qn-editor-copy p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:unset;line-height:unset;margin-bottom:unset;word-wrap:unset}.rich_media_content{color:var(--news-font-day-color);font-size:18px}@media(prefers-color-scheme:dark){body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:.5px;line-height:30px;margin-bottom:var(--news-bottom-distance);word-wrap:break-word}body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content .qn-editor-copy p:not([data-exeditor-arbitrary-box=image-box]):not(.qn-editor-copy){letter-spacing:unset;line-height:unset;margin-bottom:unset;word-wrap:unset}body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content{color:var(--news-font-night-color)}}.data_color_scheme_dark .rich_media_content p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:.5px;line-height:30px;margin-bottom:var(--news-bottom-distance);word-wrap:break-word}.data_color_scheme_dark .rich_media_content .qn-editor-copy p:not([data-exeditor-arbitrary-box=image-box]){letter-spacing:unset;line-height:unset;margin-bottom:unset;word-wrap:unset}.data_color_scheme_dark .rich_media_content{color:var(--news-font-night-color)}.data_color_scheme_dark .rich_media_content{font-size:18px}.rich_media_content p[data-exeditor-arbitrary-box=image-box]{margin-bottom:11px}.rich_media_content\u003ediv:not(.qnt-video),.rich_media_content\u003esection{margin-bottom:var(--news-bottom-distance)}.rich_media_content hr{margin-bottom:var(--news-bottom-distance)}.rich_media_content .link_list{margin:0;margin-top:20px;min-height:0!important}.rich_media_content blockquote{background:#f9f9f9;border-left:6px solid #ccc;margin:1.5em 10px;padding:.5em 10px}.rich_media_content blockquote p{margin-bottom:0!important}.data_color_scheme_dark .rich_media_content blockquote{background:#323232}@media(prefers-color-scheme:dark){body:not([data-weui-theme=light]):not([dark-mode-disable=true]) .rich_media_content blockquote{background:#323232}}.rich_media_content ol[data-ex-list]{--ol-start: 1;--ol-list-style-type: decimal;list-style-type:none;counter-reset:olCounter calc(var(--ol-start,1) - 1);position:relative}.rich_media_content ol[data-ex-list]\u003eli\u003e:first-child::before{content:counter(olCounter,var(--ol-list-style-type)) '. 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