A | 总收入高速增长：2026 财年上半年实现总收入 1.17 亿美元（现汇率约合 7.85 亿元人民币） ，同比增长 283.1% ，已经超过 2025 年全年 7,900 万美元（现汇率约合 5.32 亿元人民币） 的总收入，增长动力来自全球客户及用户群扩张、模型推理需求提升。 LONDON -- Haydn Gwynne, a versatile and acclaimed performer on British stage and screen, has died. She was 66 and had recently been diagnosed with cancer.Gwynne’s agent Alex Irwin said the actress died in a London hospital early Friday, “surrounded by her beloved sons, close family and friends.”Born in 1957, Gwynne taught English in Italy before becoming an actor. She had her breakout role as a harried television news producer in 1990s sitcom “Drop the Dead Donkey,” a sharp but affectionate depiction of the world of journalism.She also starred in medical drama “Peak Practice” and was a standout in royal roles, playing Queen Camilla in royal satire “The Windsors” and lady-in-waiting Susan Hussey in “The Crown.”Her many stage roles included Prime Minister Margaret Thatcher opposite Helen Mirren as Queen Elizabeth II in “The Audience.”Mirren paid tribute to Gwynne as “a delight as a person and a consummate dedicated actress.”“She was both funny and serious at the same time, a brilliant balancing act that her whole career exemplified. We will miss her very much," Mirren said.Gwynne was nominated for both an Olivier Award and a Tony for her performance as the supportive dance teacher in the musical “Billy Elliot” in London and New York, and received three other Olivier nominations for “The Threepenny Opera,” “Women on the Verge of a Nervous Breakdown” and “City of Angels.”She performed in several plays this year, including “The Great British Bake Off Musical,” and was due to appear in the musical tribute “Stephen Sondheim’s Old Friends" in London's West End, She withdrew from the production during rehearsals last month due to “sudden personal circumstances.”The show’s producer, Cameron Mackintosh, said Gwynne was “a truly wonderful person, as well as a phenomenally talented actress and singer.” He said Friday’s performance would be dedicated to her memory.。
B | 业务结构持续优化：开放平台及其他基于 AI 的企业服务收入同比增长 703.1% ，达到 7,392.9 万美元（现汇率约合 4.98 亿元人民币） ，占总收入比例提升至 63.4% ，业务增长的企业付费属性持续增强。AI 原生产品稳健增长：AI 原生产品收入同比增长 100.9% ，达到 4,264.4 万美元（现汇率约合 2.87 亿元人民币） ，用户参与度和付费意愿持续提升，商业化进展顺利。毛利率显著提升：毛利达到 2081.3 万美元（现汇率约合 1.4 亿元人民币） ，同比增长 464.8% ，毛利率提升至 17.9% ，同比提升 5.8% 个百分点，基础设施效率提升推动盈利能力改善。研发效率提升：研发开支同比增长 138.8% ，显著低于收入增速，研发成果转化效率提升，为长期技术迭代奠定基础。全球化布局深化：产品覆盖超过 230 个国家和地区，中国内地以外地区收入占比达到 60.8% ，国际化收入占比持续提升。MiniMax 认为模型智能仍有巨大提升空间，未来将聚焦编程与 Agentic 工作领域、办公应用领域、视频生成领域持续迭代，拓展智能供给范围；持续推进性能与成本边界拓展，通过全栈协同提升训练和推理效率，实现前沿 AI 能力大规模普及；同时持续拓展开放平台，丰富 AI 原生产品矩阵，推进全球商业化进程，践行「与所有人共创智能」的使命。
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