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风语筑盈利预测（百万元）
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所属报告：
风语筑-公司研究报告-展示龙头乘风文化数字化-230322（26页）.pdf
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市场规模
2026-07-01
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联德股份业务拆分（百万元）
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行业数据
2026-06-26
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FCFF估值表（单位：百万元）
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行业数据
2026-06-26
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豪迈科技业务拆分（百万元）
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行业数据
2026-06-26
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重庆机电业务拆分（百万元）
fCDpobnnm64gICAgICAgICAgICAgfCAyMDI0ICAgIHwgMjAyNSAgICB8IDIwMjZFICAgfCAyMDI3RSAgIHwgMjAyOEUgICB8CnwtLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tfC0tLS0tLS0tLXwtLS0tLS0tLS18LS0tLS0tLS0tfC0tLS0tLS0tLXwKfCDokKXmlLYgICAgICAgICAgICAgfCA4OTE5LjIgIHwgMTAwNDQuNCB8IDExMjE4LjkgfCAxMjQzOC4zIHwgMTM2ODcuNCB8Cnwg5riF5rSB6IO95rqQ6KOF5aSHICAgICB8IDczMDAuNCAgfCA4MzAxLjMgIHwgOTI5Ny41ICB8IDEwMzIwLjIgfCAxMTM1Mi4yIHwKfCDpq5jnq6/mmbrog73oo4XlpIcgICAgIHwgMTU1Ni4yICB8IDE2NjMuMyAgfCAxODI5LjYgIHwgMjAxMi42ICB8IDIyMTMuOSAgfAp8IOWFtuS7luS4muWKoSAgICAgICAgIHwgNjIuNiAgICB8IDc5LjggICAgfCA5MS44ICAgIHwgMTA1LjUgICB8IDEyMS40ICAgfAp8IFlvWSAgICAgICAgICAgICAgfCAxMC43JSAgIHwgMTIuNiUgICB8IDExLjclICAgfCAxMC45JSAgIHwgMTAuMCUgICB8Cnwg5riF5rSB6IO95rqQ6KOF5aSH77yIWW9Z77yJIHwgMTEuMyUgICB8IDEzLjclICAgfCAxMi4wJSAgIHwgMTEuMCUgICB8IDEwLjAlICAgfAp8IOmrmOerr+aZuuiDveijheWkh++8iFlvWe+8iSB8IDguNiUgICAgfCA2LjklICAgIHwgMTAuMCUgICB8IDEwLjAlICAgfCAxMC4wJSAgIHwKfCDlhbbku5bkuJrliqHvvIhZb1nvvIkgICB8IC05LjAlICAgfCAyNy41JSAgIHwgMTUuMCUgICB8IDE1LjAlICAgfCAxNS4wJSAgIHwKfCDmr5vliKnnjocgICAgICAgICAgIHwgMTcuNCUgICB8IDE2LjElICAgfCAxNi42JSAgIHwgMTYuOCUgICB8IDE3LjAlICAgfAp8IOa4hea0geiDvea6kOijheWkh++8iOavm+WIqeeOh++8iSB8IDE2LjklICAgfCAxNS4wJSAgIHwgMTUuNSUgICB8IDE1LjclICAgfCAxNS45JSAgIHwKfCDpq5jnq6/mmbrog73oo4XlpIfvvIjmr5vliKnnjofvvIkgfCAxNy40JSAgIHwgMTguOCUgICB8IDE5LjAlICAgfCAxOS4yJSAgIHwgMTkuNCUgICB8Cnwg5YW25LuW5Lia5Yqh77yI5q+b5Yip546H77yJIHwgODIuNiUgICB8IDc4LjYlICAgfCA3NS4wJSAgIHwgNzUuMCUgICB8IDc1LjAlICAgfAoK6LWE5paZ5p2l5rqQ77ya5YWs5Y+45YWs5ZGK77yM5YWJ5aSn6K+B5Yi456CU56m25omA6aKE5rWL
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行业数据
2026-06-26
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FCFF估值表（单位：百万元）
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行业数据
2026-06-26
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最新数据
开源模型参数规模在今年4月开始突破
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市场规模
2026-08-03
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不同任务中，推理模式相比普通模式的token消耗倍数范围
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商业模式
2026-08-03
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全球专业开发者规模（百万人）
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市场规模
2026-08-03
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中国汽车出口政策由规模导向转向高质量发展
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政策法规
2026-08-03
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营收四年CAGR近39%，8000亿规模持续创新高
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市场规模
2026-08-03
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公司应收账款净值质量较好，政府预算结构有望改变。1H22 计提信用减值损失 0.97亿元，全年预计为 1.73 亿元，相比以前年度计提金额较大。对文化产业数字化的政策支持有望获得更多预算倾斜，减少 G 端客户的坏账。预计 23/24 年信用减值损失减少。
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风语筑-公司研究报告-展示龙头乘风文化数字化-230322（26页）.pdf
与政府项目打造的元宇宙示范应用场景
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虚拟现实和元宇宙政策
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