Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护
随机图片

女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护

更新时间: 浏览次数: 872

400电话:123456(点击咨询)
女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各观看免费《今日汇总》
女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各热线观看免费2025已更新(2025已更新)








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各区点热线观看免费《今日发布》
Random Image 女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护电话








7天观看免费人工电话为您、女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各观看免费《今日汇总》2025已更新(今日/推荐)








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护电话区域:








鹤岗市(绥滨县、工农区、南山区、兴安区、向阳区、萝北县、东山区、兴山区)








衢州市(龙游县、常山县、江山市、开化县、衢江区、柯城区)








滨州市(邹平市、无棣县、惠民县、博兴县、阳信县、滨城区、沾化区)








信阳市(商城县、罗山县、新县、平桥区、潢川县、固始县、浉河区、息县、淮滨县、光山县)  银川市(西夏区、金凤区、兴庆区、灵武市、永宁县、贺兰县)








锡林郭勒盟(正蓝旗、太仆寺旗、阿巴嘎旗、镶黄旗、苏尼特右旗、正镶白旗、二连浩特市、东乌珠穆沁旗、多伦县、西乌珠穆沁旗、锡林浩特市、苏尼特左旗)








克孜勒苏柯尔克孜自治州(阿合奇县、阿图什市、阿克陶县、乌恰县)








忻州市(河曲县、静乐县、代县、偏关县、五寨县、定襄县、岢岚县、原平市、繁峙县、保德县、忻府区、五台县、宁武县、神池县)景德镇市(浮梁县、昌江区、珠山区、乐平市)








永州市(祁阳市、宁远县、东安县、江华瑶族自治县、新田县、双牌县、零陵区、江永县、冷水滩区、道县、蓝山县)  连云港市(东海县、灌南县、赣榆区、海州区、连云区、灌云县)








昌吉回族自治州(木垒哈萨克自治县、玛纳斯县、呼图壁县、奇台县、吉木萨尔县、阜康市、昌吉市)








营口市(老边区、盖州市、站前区、大石桥市、西市区、鲅鱼圈区)








南阳市(宛城区、邓州市、淅川县、内乡县、南召县、新野县、镇平县、西峡县、社旗县、卧龙区、桐柏县、方城县、唐河县)








庆阳市(华池县、西峰区、镇原县、正宁县、宁县、环县、合水县、庆城县)








海北藏族自治州(门源回族自治县、刚察县、海晏县、祁连县)








宜春市(宜丰县、高安市、靖安县、奉新县、万载县、铜鼓县、丰城市、樟树市、袁州区、上高县)








毕节市(纳雍县、金沙县、威宁彝族回族苗族自治县、七星关区、黔西市、大方县、织金县、赫章县)








日喀则市(岗巴县、白朗县、萨迦县、康马县、亚东县、聂拉木县、吉隆县、桑珠孜区、定结县、昂仁县、拉孜县、萨嘎县、定日县、仁布县、江孜县、谢通门县、仲巴县、南木林县)








临夏回族自治州(广河县、永靖县、和政县、临夏市、东乡族自治县、临夏县、康乐县、积石山保安族东乡族撒拉族自治县)








泸州市(泸县、龙马潭区、合江县、纳溪区、叙永县、古蔺县、江阳区)








昆明市(安宁市、五华区、富民县、西山区、寻甸回族彝族自治县、禄劝彝族苗族自治县、宜良县、官渡区、东川区、盘龙区、石林彝族自治县、嵩明县、晋宁区、呈贡区)








济宁市(金乡县、汶上县、任城区、微山县、鱼台县、邹城市、梁山县、曲阜市、泗水县、兖州区、嘉祥县)








洛阳市(偃师区、宜阳县、涧西区、洛龙区、伊川县、汝阳县、新安县、孟津区、洛宁县、老城区、瀍河回族区、西工区、栾川县、嵩县)








临沂市(莒南县、临沭县、沂水县、蒙阴县、罗庄区、沂南县、平邑县、兰陵县、费县、河东区、郯城县、兰山区)








曲靖市(会泽县、马龙区、宣威市、麒麟区、沾益区、师宗县、富源县、罗平县、陆良县)








德州市(武城县、禹城市、德城区、平原县、庆云县、夏津县、齐河县、乐陵市、宁津县、陵城区、临邑县)








东营市(东营区、广饶县、利津县、河口区、垦利区)








昭通市(彝良县、盐津县、永善县、威信县、昭阳区、大关县、绥江县、巧家县、鲁甸县、水富市、镇雄县)








盘锦市(大洼区、兴隆台区、双台子区、盘山县)
400电话:123456(点击咨询)
女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各观看免费《今日汇总》《今日发布》
女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各观看免费《今日汇总》(2025已更新)








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护各观看免费《今日汇总》【2025已更新列表】
女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护电话








7天观看免费人工电话为您、女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护中心2025已更新(今日/推荐)








女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护电话区域:








聊城市(高唐县、东昌府区、阳谷县、东阿县、临清市、莘县、冠县、茌平区)








台州市(温岭市、路桥区、玉环市、天台县、仙居县、黄岩区、临海市、三门县、椒江区)








楚雄彝族自治州(永仁县、元谋县、牟定县、楚雄市、双柏县、南华县、大姚县、武定县、姚安县、禄丰市)








长春市(朝阳区、九台区、宽城区、南关区、双阳区、绿园区、榆树市、农安县、二道区、德惠市、公主岭市)  黄山市(屯溪区、黟县、徽州区、休宁县、祁门县、黄山区、歙县)








咸阳市(三原县、渭城区、礼泉县、彬州市、杨陵区、泾阳县、乾县、秦都区、淳化县、永寿县、长武县、兴平市、武功县、旬邑县)








揭阳市(揭西县、揭东区、普宁市、惠来县、榕城区)








自贡市(自流井区、荣县、富顺县、大安区、贡井区、沿滩区)荆门市(京山市、钟祥市、掇刀区、沙洋县、东宝区)








绥化市(绥棱县、兰西县、海伦市、北林区、庆安县、安达市、望奎县、肇东市、明水县、青冈县)  广州市(海珠区、增城区、花都区、番禺区、黄埔区、白云区、从化区、南沙区、荔湾区、天河区、越秀区)








恩施土家族苗族自治州(来凤县、巴东县、宣恩县、恩施市、利川市、咸丰县、鹤峰县、建始县)








梧州市(藤县、岑溪市、万秀区、长洲区、龙圩区、苍梧县、蒙山县)








克拉玛依市(克拉玛依区、白碱滩区、乌尔禾区、独山子区)柳州市(柳北区、柳南区、城中区、柳江区、三江侗族自治县、鱼峰区、鹿寨县、柳城县、融安县、融水苗族自治县)








攀枝花市(仁和区、米易县、东区、盐边县、西区)








百色市(那坡县、平果市、隆林各族自治县、右江区、靖西市、凌云县、西林县、田阳区、乐业县、德保县、田东县、田林县)








丹东市(振兴区、宽甸满族自治县、东港市、元宝区、凤城市、振安区)








濮阳市(清丰县、南乐县、濮阳县、范县、台前县、华龙区)








陇南市(宕昌县、徽县、康县、西和县、文县、礼县、成县、武都区、两当县)








黑河市(孙吴县、五大连池市、爱辉区、逊克县、嫩江市、北安市)








枣庄市(峄城区、台儿庄区、市中区、山亭区、薛城区、滕州市)








长沙市(长沙县、天心区、宁乡市、浏阳市、雨花区、望城区、开福区、芙蓉区、岳麓区)








平凉市(庄浪县、泾川县、灵台县、华亭市、崆峒区、静宁县、崇信县)








宝鸡市(眉县、麟游县、金台区、扶风县、太白县、岐山县、千阳县、凤翔区、陇县、渭滨区、陈仓区、凤县)








内蒙古自治区








岳阳市(临湘市、湘阴县、华容县、君山区、云溪区、岳阳楼区、汨罗市、平江县、岳阳县)








伊犁哈萨克自治州(新源县、霍城县、奎屯市、巩留县、霍尔果斯市、尼勒克县、伊宁市、察布查尔锡伯自治县、特克斯县、昭苏县、伊宁县)








廊坊市(大城县、固安县、大厂回族自治县、永清县、广阳区、文安县、香河县、三河市、安次区、霸州市)








宿州市(泗县、埇桥区、萧县、砀山县、灵璧县)








林芝市(墨脱县、工布江达县、朗县、米林市、察隅县、波密县、巴宜区)

  业内期盼的“英伟达平替”,价值开始显现了!

  4月18日晚,国内领先的AI芯片设计企业寒武纪发布2024年报和2025年一季报。年报显示,2024年公司实现总营收11.74亿元,同比增长65.56%;归母净利润亏损4.52亿元,其中第四季度盈利首次转正。今年一季报更是惊人,公司实现总营收11.11亿元,几乎相当于2024年全年的收入,同比增长4230.22%;实现净利润3.55亿元,同比扭亏为盈。

  分析人士认为,寒武纪业绩的增长表明,国内人工智能芯片已经崛起。在英伟达部分芯片遭禁的背景之下,寒武纪的平替价值正在显现。去年四季度和今年一季度,寒武纪存货余额分别为17.74亿元和27.55亿元,分别环比增加7.6亿元和9.8亿元,存货余额持续创历史新高。而从最近两个季度存货转收入的趋势来看,的确也在持续增长。显示在英伟达芯片受限背景之下,寒武纪备货充足,主力芯片出货可能持续增加。

  惊人的业绩

  日前,寒武纪公布了去年年报和今年一季报,其业绩表现的确惊人。该公司2024年公司实现总营业收入11.74亿元,同比增长65.56%。其中,云端产品线收入占比高达99.30%,较上年同期增长1187.78%;今年一季度,公司实现总营业收入11.11亿元,同比增长4230.22%,实现归母净利润3.55亿元,实现扭亏为盈;今年一季度毛利率为55.99%,较2024年56.71%的毛利率略有下降。

  重要的不是实现了多少业绩,而是业绩增长的趋势和原因。

  寒武纪今年一季度营收大幅增长,几乎相当于去年全年营收。寒武纪在公告中表示,这主要得益于公司在人工智能领域的市场拓展和技术应用的推进。其业绩也出现大幅转正,公司方面表示,主要系报告期内营业收入较上年同期大幅增长,本报告期归属于上市公司股东的净利润及归属于上市公司股东的扣除非经常性损益后的净利润由负转正所致。

  在细节上,更有看点。存货方面,寒武纪今年一季度存货为27.55亿元,较2024年末的17.74亿元,增长超50%。虽然存货增加,但去年的17.74亿存货转化成了今年一季度的11.11亿元。那么,后续市场就可以预期,今年一季度27.55亿元的存货究竟会转化成多大规模的营收和利润。特别是英伟达部分芯片出口受限的背景之下。

  同时,预付账款端显示,寒武纪2025年一季度末预付账款9.73亿元,较2024年年末的7.74亿元同样大幅提升,这意味着公司还处在积极备货当中。

  天风证券认为,存货+预付款连续三个季度处于上升趋势,结合公司现金的减少和预付款、存货与收入的联动关系,可以看到公司的供应链有极强的韧性,同时也预计二季度有更高的收入体量。存货的细则中委托加工物资占比较高,如果从成本端计算并假设合理的比例,公司现有的储备值得看好。

  国产替代趋势正在到来

  有券商研究认为,寒武纪今年一季报可能还只是冰山一角,偶露峥嵘。未来的大趋势可能正在到来。

  从寒武纪管理层表述上看,训练能力上加入对DeepSeek的支持,各类分布式训练与推理的技术已经支持,主持主导国内和国际多类标准的编制。成绩上互联网客户快速突破,第一大客户占比79%。这些都符合产业追踪的信息,其软件易用是核心,这样的能力可以在其他客户身上复制和裂变。

  该机构认为,一方面财报质量较高,另一方面产业链追踪的信息都能在财报内得到体现,这意味着后续表现大概率比今年一季报好,持续增强的趋势刚刚开始。市场担心的生产问题,有分歧的利润率问题,在财报里均有较好的回复。

  部分芯片被禁后,产业已开始加速落地国产化,英伟达下一代阉割款产品的竞争力很难保持。供不应求的大趋势下,国产卡量价齐升的局面已出现明确迹象,产业正向的反馈值得期待。

  天风证券认为,从存货这一前瞻指标和下游的需求看,预计二季度收入与利润释放会更好;目前伴随着H20面临许可证+英伟达计提报表损失,预计国内可能面临超过80万H20芯片的算力缺口,但国内多模态模型与AIAgent产业趋势在即,算力缺口背景下国产算力的重要程度进一步提高。

  美国可能会出现一家新的最大的信用卡公司。  

  美国联邦储备委员会理事会和货币监理署周五宣布,第一资本银行(CapitalOne)已获批收购发现金融服务公司(DiscoverFinancialServices)并与之合并。

  这项全股票交易在一年多前首次宣布,一旦完成,将使第一资本银行在与摩根大通、美国银行和花旗集团等竞争对手的信用卡发行银行的竞争中取得重大优势,因为这些银行本身并不处理交易业务。

  这也将为第一资本银行带来新的收入来源,即从其收取的商户手续费中获利。

  特朗普政府在很大程度上被认为对企业合并更为友好。在特朗普去年11月赢得大选后,第一资本银行和发现金融服务公司的股票随即上涨,其他一些正在尝试合并或此前曾完全取消合并交易的公司的股票也出现了上涨。

新闻结尾 女生迈开腿开扑克视频APP-尽享安全与匿名的体验免费隐私网站推广助您保护的相关文章
教育部门通报学校禁止教师考公考编
拥有绝美颜值的二次元角色
汪峰投资成立教育科技公司
林高远说首场打得比较谨慎
60岁央视名嘴张泽群晒近况两鬓斑白
公司天花板来了一只小猫
  • 友情链接:
  • 三河市委主要负责人被免职处理 因婆家太好女子把亲妹介绍给小叔子 景德镇车祸司机撞人前0.4秒才打方向 律师说撞死1家3口司机辩称没看清

    查看更多评价 ∨