Core Viewpoint - The company, Yuntian Lifei, is transitioning to focus entirely on AI inference chips, aiming to become a leader in the domestic AI chip market and drive the large-scale application of artificial intelligence across various scenarios [5][12][20]. Company Background - Founded in 2014 by Chen Ning in Shenzhen, Yuntian Lifei initially focused on AI applications in public security, leveraging facial recognition technology to address social issues like child abduction [2][10]. - The company has evolved over the past nine years, achieving significant milestones in AI applications across consumer, enterprise, and industry sectors, while also being recognized as "Shenzhen's AI first stock" upon its listing on the Sci-Tech Innovation Board [3]. Strategic Shift - In 2025, Yuntian Lifei will fully concentrate on AI inference chips, restructuring its business model from a multi-line approach to a "1+N" model, where "1" represents a unified platform centered on inference chips, and "N" encompasses various business units [11][12]. - The company aims to develop a comprehensive product system for AI inference chips targeting three key markets: edge computing, cloud model inference acceleration, and embodied intelligence [11][12]. Market Potential - The AI inference chip market is viewed as a "blue ocean" with significant growth potential, expected to outpace training chips in the next three to five years [16][20]. - The company anticipates that AI inference chips will become ubiquitous, similar to WiFi routers, serving as core components in smart devices [16][20]. Technological Foundation - Yuntian Lifei has a strong foundation in chip design, having developed the first generation of neural network processors for public security applications, which significantly improved efficiency and reduced costs [10][11]. - The company emphasizes an "algorithm chipification" approach, integrating algorithm requirements with chip architecture to enhance performance and adaptability [19]. Future Outlook - The company is in a critical phase of high investment for growth, with revenue exceeding 900 million yuan in the previous year, reflecting an over 80% year-on-year increase [18]. - Yuntian Lifei is committed to enhancing the efficiency and cost-effectiveness of AI inference chips, aiming to make AI a foundational infrastructure for the fourth industrial revolution [22].

Core Insights - Yuntian Lifei plans to fully focus on AI chips by 2025, leveraging its expertise in neural network processor architecture and commercial chips [1] - The company aims to develop a domestic AI inference chip system characterized by high performance, low cost, and strong adaptability, targeting the AI inference market [1] Company Strategy - Yuntian Lifei will concentrate on three core areas: edge computing, cloud-based large model inference, and embodied intelligence [1] - The company is positioning itself as a leader in China's AI inference chip market, aiming to accelerate the deployment and rapid development of AI across various scenarios [1] Market Outlook - According to MarketsandMarkets, the global AI inference market is projected to reach approximately $106.15 billion (about 737 billion RMB) by 2025, with a compound annual growth rate (CAGR) of 19.2% from 2025 to 2030, potentially reaching around $254.98 billion by 2030 [6]

2025年7月22日，某某采购网发布《关于对深圳云天励飞技术股份有限公司暂停处理公告》。 暂停事由 ：在人员车辆进出营门识别系统项目中涉嫌违规。 供应商：深圳云天励飞技术股份有限公司 违规情况：经调查，深圳云天励飞技术股份有限公司在参加项目（编号：2023-JQ02-W1056）采购活动 中，涉嫌存在违规失信行为。 处理结果：根据军队供应商管理相关规定，自 2025 年 07 月 22 日起暂停其参加全军物资工程服务采购 活动资格。 在暂停期内， 法定代表人陈宁控股或管理的其他企业暂停参加上述范围军队采购活动，授权代表王x暂 停代理其他供应商参加上述范围军队采购活动。 加入"中国IC独角兽联盟"，请点击进入 是说芯语转载，欢迎关注分享 ...

Core Viewpoint - The article discusses the strategic shift of Yuntian Lifei towards AI inference chips, highlighting the growing demand for inference computing power as AI applications proliferate, and the company's recent product launches aimed at this market [2][3][4]. Group 1: AI Inference Market Dynamics - AI is divided into training and inference stages, with inference power demand increasing significantly; IDC reports that cloud inference computing power reached 58.5% in 2022 and is expected to rise to 62.2% by 2026 [2]. - The AI inference chip market is still in a blue ocean phase, with growth expected to outpace the training chip market in the next three to five years, indicating a transition from the training era to the inference era [3][4]. - The demand for AI inference computing is projected to grow over 80% annually, potentially surpassing training as the main driver of data center computing [15]. Group 2: Company Developments and Product Launches - Yuntian Lifei launched the DeepSky X6000 Mesh inference computing card with a computing power of 256 Tops, designed for AI inference applications, supporting 30fps 1080p video decoding [2]. - The company has developed a range of products based on the DeepSky X6000 Mesh card, including various integrated machines with up to 4 PFlops of inference computing power [2][4]. - Yuntian Lifei has successfully transitioned to domestic processes, becoming the first AI chip company to adopt domestic Chiplet technology, and has launched multiple chips under the DeepEdge10 platform [6]. Group 3: Financial Performance and Future Outlook - Yuntian Lifei reported a revenue of over 900 million yuan in 2024, a year-on-year increase of 81.3%, with Q1 2025 revenue reaching 264 million yuan, up 168.23% year-on-year [7]. - The company has signed a significant contract for AI training and inference heterogeneous computing services, expected to contribute approximately 1.6 billion yuan in revenue over three years [7]. - The CEO emphasizes the importance of AI inference chips in driving the large-scale application of AI technologies in various sectors, predicting a transformative impact on electronic products in the next five years [8][9].

证券代码：688343 证券简称：云天励飞 公告编号：2025-044 深圳云天励飞技术股份有限公司 关于 2023 年限制性股票激励计划首次授予部分 及预留授予部分（第一批次）第一个归属期 归属结果暨股份上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 本次股票上市流通总数为3,692,940股。 ? 本次股票上市流通日期为2025 年 7 月 29 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司相关业务规定，深圳云天励飞技术股份有限公司（以下简称"公 司"）于近日收到中国证券登记结算有限责任公司上海分公司出具的《证券变更 登记证明》，公司完成了 2023 年限制性股票激励计划（以下简称"本激励计划"） 首次授予部分及预留授予部分（第一批次）第一个归属期的股份归属登记工作。 现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 于 <深圳云天励飞技术股份有限公司 ens ...

证券代码：688343 证券简称：云天励飞 公告编号：2025-044 深圳云天励飞技术股份有限公司 关于 2023 年限制性股票激励计划首次授予部分 及预留授予部分（第一批次）第一个归属期 归属结果暨股份上市公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 3,692,940股。 本次股票上市流通总数为3,692,940股。 本次股票上市流通日期为2025 年 7 月 29 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司相关业务规定，深圳云天励飞技术股份有限公司（以下简称"公 司"）于近日收到中国证券登记结算有限责任公司上海分公司出具的《证券变更 登记证明》，公司完成了 2023 年限制性股票激励计划（以下简称"本激励计划"） 首次授予部分及预留授予部分（第一批次）第一个归属期的股份归属登记工作。 现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 6、2023 年 12 月 ...

通过天眼查大数据分析，深圳云天励飞技术股份有限公司共对外投资了31家企业，参与招投标项目269 次，知识产权方面有商标信息415条，专利信息1801条，此外企业还拥有行政许可37个。 云天励飞最新一期业绩显示，截至2025一季报，公司营业总收入2.64亿元、同比增长168.23%，归属净 利润8564.20万元，同比增长37.86%，扣非净利润11095.86万元，同比增长29.21%，流动比率5.468、速 动比率5.060、资产负债率32.59%。 天眼查商业履历信息显示，深圳云天励飞技术股份有限公司，成立于2014年，位于深圳市，是一家以从 事软件和信息技术服务业为主的企业。企业注册资本35513.372万人民币，实缴资本8367.208万人民币。 公司法定代表人为陈宁。 金融界消息 截至2025年7月18日收盘，云天励飞U（688343）报收于51.55元，下跌0.21%，换手率 2.39%，成交量6.22万手，成交金额3.21亿元。 资金流向方面，今日主力资金净流出1397.32万元，占比成交额4.35%。其中，超大单净流入438.13万 元、占成交额1.36%，大单净流出1835.45万元、占成交 ...

Core Viewpoint - Shenzhen Yuntian Lifi Technology Co., Ltd. is planning to issue H shares and list on the main board of the Hong Kong Stock Exchange to enhance its competitiveness and international brand image while diversifying its financing channels [9][10][11]. Group 1: Meeting Procedures - The meeting will be conducted using a combination of on-site and online voting methods [5]. - Attendees must arrive 30 minutes before the meeting to sign in and present identification [2]. - The meeting will follow a specific agenda for reviewing and voting on proposals [4][5]. Group 2: Proposals for H Share Issuance - Proposal 1: The company plans to issue H shares and list them on the Hong Kong Stock Exchange, with the shares being ordinary shares with a par value of RMB 1.00 each [10][11]. - Proposal 2: The issuance will include a public offering in Hong Kong and an international placement, with the total number of H shares not exceeding 15% of the company's total share capital post-issuance [11][12]. - Proposal 3: The company will seek authorization from the shareholders to handle all matters related to the H share issuance, including determining the issuance scale and pricing [19][20]. Group 3: Governance Changes - The company proposes to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, and will revise its articles of association accordingly [6][7]. - The internal governance rules will also be updated to reflect the changes in the supervisory structure [7][8]. Group 4: Use of Proceeds - The funds raised from the H share issuance will be allocated for R&D of AI inference chips, expanding product applications, and enhancing global market presence [17]. - The board will have the authority to adjust the use of proceeds based on regulatory feedback and operational needs [17]. Group 5: Legal and Regulatory Compliance - The company will ensure compliance with all relevant laws and regulations during the H share issuance process, including those from the China Securities Regulatory Commission and the Hong Kong Stock Exchange [9][10][25]. - Legal opinions will be provided by the appointed law firm to ensure the legality of the proceedings [4][5].

深圳云天励飞技术股份有限公司 2025 年第二次临时股东大会会议资料 股票简称：云天励飞 股票代码：688343 2025 年 7 月 深圳云天励飞技术股份有限公司 2025 年第二次临时股东大会会议资料 深圳云天励飞技术股份有限公司 2025 年第二次临时股东大会 会议资料 目 录 | 目 | 录 | 1 | | --- | --- | --- | | 2025 | 年第二次临时股东大会会议须知 2 | | | 2025 | 年第二次临时股东大会会议议程 4 | | | 议案一 | 关于取消监事会并修订《公司章程》及相关议事规则的议案 | 6 | | 议案二 | 关于修订公司部分内部治理制度的议案 7 | | | 议案三 | 关于公司发行 H 股股票并在香港联合交易所有限公司主板上市的议案 | 8 | | 议案四 | 关于公司发行 H 股股票并在香港联合交易所有限公司主板上市方案的议 | | | | 案 | 9 | | 议案五 | 关于公司转为境外募集股份有限公司的议案 12 | | | 议案六 | 关于公司发行 H 股股票募集资金使用计划的议案 13 | | | 议案七 | 关于公司发行 股股票并上市决议 ...

Core Viewpoint - The AI sector continues to show strong growth, with significant demand for computing power, and the market is currently observing fluctuations due to short-term price increases and tariff issues in the U.S. [4] Group 1: Market Performance - As of July 16, 2025, the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) rose by 1.58%, with notable increases in stocks such as Cambricon (688256) up 6.76%, Foxit Software (688095) up 6.27%, and Yuntian Lifeng (688343) up 5.06% [3] - The Sci-Tech AI ETF (588790) experienced a mid-day increase of over 2%, currently up 1.37%, marking a potential four-day consecutive rise [3] - The latest size of the Sci-Tech AI ETF reached 4.707 billion yuan, a record high since its inception, ranking first among comparable funds [4] Group 2: Fund Performance - The Sci-Tech AI ETF's net value increased by 10.55% over the past six months, ranking first among comparable funds [5] - The fund's highest single-month return since inception was 15.59%, with an average monthly return of 9.71% during rising months [5] - The fund's management fee is 0.50% and the custody fee is 0.10%, which are relatively low compared to comparable funds [5] Group 3: Investment Trends - The fund has seen a net inflow of 1.78 billion yuan recently, with three out of the last five trading days showing net inflows totaling 196 million yuan [4] - Leverage funds are increasingly being allocated to the Sci-Tech AI ETF, with a net purchase amount of 17.9721 million yuan this month [4] - The index tracked by the Sci-Tech AI ETF is currently valued at a historical low, with a price-to-book ratio (PB) of 7.71, below 85.29% of the time since the index's inception, indicating strong valuation attractiveness [5][6]