Core Viewpoint - Yuntian Lifei (688343.SH) has developed the Deep Edge 10 chip series, a high-performance SoC chip that supports various mainstream models and applications in robotics and edge computing [1] Group 1: Product Development - The Deep Edge 10 chip series is based on domestically produced 14nm Chiplet technology and includes a RISC-V core [1] - The chip supports various architectures, including Transformer models, BEV models, CV large models, and LLM large models [1] - The company is also developing the next-generation "brain" chip, the DeepXBot series, aimed at enhancing perception, cognition, decision-making, and control tasks in humanoid robots [1] Group 2: Commercial Applications - The Deep Edge 10 chip has been commercialized in fields such as robotics, edge gateways, and servers [1] - It provides support for autonomous and controllable onboard computing for deep space exploration laboratories [1]

MACD金叉信号形成，这些股涨势不错！ 云天励飞8月25日大宗交易平台共发生3笔成交，合计成交量21.60万股，成交金额1512.00万元。成交价 格均为70.00元，相对今日收盘价折价20.00%。从参与大宗交易营业部来看，机构专用席位共出现在1笔 成交的买方或卖方营业部中，合计成交金额为210.00万元，净买入210.00万元。 | 成交量 （万 | 成交金额 | 成交价 格 | 相对当日收盘 折溢价（%） | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 股） | （万元） | （元） | | | | | 14.30 | 1001.00 | 70.00 | -20.00 | 华泰证券股份有限公司北 | 第一创业证券股份有限公司 | | | | | | 京分公司 | 深圳金田路证券营业部 | | 4.30 | 301.00 | 70.00 | -20.00 | 东吴证券股份有限公司海 | 第一创业证券股份有限公司 | | | | | | 宁海州西路证券营业部 | 深圳金田路证券营业部 | | 3.00 | 210.00 | 70.00 | ...

Market Overview - On August 25, the Shanghai Composite Index rose by 1.51% to 3883 points, marking a ten-year high, with a total trading volume of 3.18 trillion yuan, indicating accelerated inflow of new capital [1] - The Huaxia Sci-Tech AI ETF (589010) increased by 3.56%, initially surging over 13% before stabilizing at high levels, with notable stocks like Aerospace Hongtu hitting a 20% limit up [1] - The Robot ETF (562500) closed up 1.59%, showing resilience with a strong end-of-day rally, while key holdings like Yuntian Lifei and Jiangsu Beiren saw significant gains [1] Key Developments in AI Sector - Nvidia announced the launch of its Jetson AGX Thor robot chip module, set to ship next month, with a starting price of $3,499, available to global customers including China [2] - Huawei is set to release a new AI SSD on August 27, aiming to address capacity limitations in traditional HBM and enhance AI training and inference capabilities [2] - Malaysia's SkyeChip introduced its first AI processor, MARS1000, marking a significant step for the country's semiconductor industry [2] Institutional Insights - Tianfeng Securities highlighted the positive trend in China's AI sector, noting advancements in domestic model capabilities and the acceleration of AI commercialization in Hong Kong stocks, reinforcing long-term investment opportunities in the AI sector [3] Popular ETFs - The Robot ETF (562500) is recognized as the only ETF in the market with over 100 billion yuan in scale, providing comprehensive coverage of the Chinese robotics industry [4] - The Huaxia Sci-Tech AI ETF (589010) is positioned to capture the "singularity moment" in the AI industry with its 20% price fluctuation and flexibility in small and mid-cap stocks [4]

Core Viewpoint - Shenzhen Yuntian Lifei Technology Co., Ltd. is a leading AI company in China, focusing on the research, design, and commercialization of AI inference chips, with a complete closed-loop from infrastructure to product development and commercialization [1] Company Overview - Yuntian Lifei is ranked among the top three providers of AI inference chip-related products and services in China, based on revenue projections for 2024 [1] - The company is also ranked second in the NPU-driven AI inference chip-related products and services sector in China for the same year [1] Product and Technology - The company has developed its IFIC foundation, which enables algorithm chip integration, allowing for optimized chip design for various application scenarios [2] - Key products include the NPU product Nova, AI inference chips such as DeepEye and DeepEdge, and supporting tools like Hy3CAN and IFIE software platform [2] - The IFMind large model is capable of visual, text, and language analysis, leveraging the capabilities of Hy3CAN and IFIE [2] Industry Growth - The AI inference chip market in China is experiencing rapid growth, with market size projected to increase from 11.3 billion RMB in 2020 to 162.6 billion RMB by 2024, representing a compound annual growth rate (CAGR) of 94.9% [3] - The market is expected to continue growing at a CAGR of 53.4% from 2024 to 2029, reaching 1,383 billion RMB by 2029 [3] - There is increasing demand for high-performance inference computing from cloud service providers, AI companies, telecom operators, and electronics manufacturers [3] Financial Performance - For the fiscal years 2022, 2023, and projected for 2024, the company reported revenues of approximately 546 million RMB, 506 million RMB, and 917 million RMB respectively [4] - The company incurred losses of approximately 448 million RMB, 384 million RMB, and 572 million RMB for the same periods [4]

Core Viewpoint - Shenzhen Yuntian Lifei Technology Co., Ltd. is a leading AI company in China, focusing on the research, design, and commercialization of AI inference chips, with a complete closed-loop from infrastructure to product development and commercialization [1] Company Overview - Yuntian Lifei is ranked among the top three providers of AI inference chip-related products and services in China based on revenue projections for 2024 [1] - The company is also ranked among the top two providers specifically for NPU-driven AI inference chips in the same market [1] Product and Technology - The company's IFIC foundation enables algorithm chip capabilities, allowing for optimized chip design through a deep understanding of application scenarios and algorithm development [2] - Key products include the NPU product Nova, AI inference chips such as DeepEye and DeepEdge, and supporting tools like Hy3CAN and IFIE software platform [2] - The IFMind large model is capable of visual, text, and language analysis, supported by the Hy3CAN hardware enabling tool and IFIE software development suite [2] Industry Growth - The AI inference chip market in China is experiencing rapid growth, with market size projected to increase from 11.3 billion RMB in 2020 to 162.6 billion RMB in 2024, reflecting a compound annual growth rate (CAGR) of 94.9% [3] - The market is expected to continue growing at a CAGR of 53.4% from 2024 to 2029, reaching 1,383 billion RMB by 2029 [3] - There is increasing demand for high-performance inference computing from cloud service providers, AI companies, telecom operators, and electronic manufacturers [3] Financial Performance - For the fiscal years 2022, 2023, and projected for 2024, the company reported revenues of approximately 546 million RMB, 506 million RMB, and 917 million RMB respectively [4] - The company incurred losses of approximately 448 million RMB, 384 million RMB, and 572 million RMB for the same periods [4]

Core Viewpoint - Shenzhen Yuntian Lifei Technology Co., Ltd. (Yuntian Lifei) is preparing for an IPO on the Hong Kong Stock Exchange, with a focus on AI inference chips and related products and services, positioning itself as a leading player in the Chinese AI market [1][4]. Company Overview - Yuntian Lifei is recognized as a leading AI company in China, specializing in the research, design, and commercialization of AI inference chips. The company integrates a deep understanding of AI algorithms and practical applications into its high-performance, cost-effective products [4]. - The company ranks among the top three providers of AI inference chip-related products and services in China, based on revenue projections for 2024 [4]. Product and Technology - The company's IFIC foundation enables algorithm chip integration, allowing for optimized chip designs that efficiently support multiple application scenarios. Key products include the NPU product Nova, AI inference chips (DeepEye, DeepEdge, and in-development products DeepVerse and DeepXBot), and the Hy3CAN hardware enabling tool and IFIE software platform [5]. - Yuntian Lifei's Nova product offers scalable AI inference capabilities applicable across edge and cloud environments, while the Hy3CAN tool provides a unified programming interface for chip capabilities [5]. Market Growth - The AI inference chip market in China is experiencing rapid growth, with market size projected to increase from 11.3 billion RMB in 2020 to 162.6 billion RMB by 2024, reflecting a compound annual growth rate (CAGR) of 94.9%. The market is expected to continue growing at a CAGR of 53.4% from 2024 to 2029, reaching 1.383 trillion RMB by 2029 [6]. Financial Performance - For the fiscal years 2022, 2023, and projected figures for 2024, Yuntian Lifei reported revenues of approximately 546.2 million RMB, 506.0 million RMB, and 917.4 million RMB, respectively. The company incurred losses of about 447.7 million RMB, 384.1 million RMB, and 572.2 million RMB during the same periods [7][8].

Core Viewpoint - Shenzhen Yuntian Lifei Technology Co., Ltd. (Yuntian Lifei) is a leading AI company in China, focusing on the research, design, and commercialization of AI inference chips, and is preparing for an IPO with joint sponsors including Huatai International, CITIC Securities, and CMB International [1][5]. Company Overview - Yuntian Lifei specializes in AI inference chips, integrating deep understanding of AI algorithms and practical applications to create high-performance, cost-effective products for enterprise, consumer, and industry-level applications [5]. - The company is ranked among the top three providers of AI inference chip-related products and services in China, based on projected revenue for 2024 [5]. Product and Technology - The company's IFIC foundation enables algorithm chip integration, allowing for optimized chip designs that efficiently support multiple application scenarios [6]. - Key products include the NPU product Nova, AI inference chips (DeepEye, DeepEdge, and in-development products DeepVerse and DeepXBot), and supporting tools like Hy3CAN and IFIE software platform [6]. Market Growth - The AI inference chip market in China is experiencing rapid growth, with market size projected to increase from RMB 11.3 billion in 2020 to RMB 162.6 billion by 2024, representing a compound annual growth rate (CAGR) of 94.9% [7]. - The market is expected to continue growing at a CAGR of 53.4% from 2024 to 2029, reaching RMB 1,383 billion by 2029 [7]. Financial Performance - In the fiscal years 2022, 2023, and projected for 2024, Yuntian Lifei reported revenues of approximately RMB 546 million, RMB 506 million, and RMB 917 million, respectively [8]. - The company incurred losses of approximately RMB 448 million, RMB 384 million, and RMB 572 million for the same periods [8].

| 权益变动方式 | | | | | | | 时间 | 名称 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 数（万股） （%） （万股） | | | | 例（%） | | | | | | 来源 | | | | | | | | 区间 | | 发生直接持股变动的主体： | | | | | | | | | | 2025/8/11 | | | | 集中竞价 | | 至 | 不适 | | | 637.7840 | 1.7774 | 600.7840 | 1.6743 | | | | | 东海一期 | | 大宗交易□ | | | | | 2025/8/22 | | 用 | | | 2025/8/11 | | | | 集中竞价 | | 至 | 不适 | | | 2,845.9385 | 7.9312 | 2,499.0385 | 6.9645 | | | | | 东海云天 | | 2025/8/22 | | | | 大宗交易 | | | 用 | | | 3,483.7225 | 9.7087 | 3,099.8225 | 8.6388 | -- | ...

Core Viewpoint - The AI chip sector experienced a significant surge, driven by multiple favorable news, including advancements in domestic chip design and increased demand for AI capabilities [4][5]. Group 1: Market Dynamics - The AI chip concept stocks saw a sudden spike, with companies like Cambrian, Haiguang Information, and Yuntian Lifei hitting the 20% daily limit up, while Hengsuo shares rose over 13% [4]. - A new policy financial tool worth 500 billion yuan is set to be introduced, focusing on digital economy and AI sectors, highlighting the global emphasis on AI industries [4]. Group 2: Technological Advancements - DeepSeek announced the release of DeepSeek-V3.1, which utilizes UE8M0 FP8 Scale parameters, indicating a shift towards more applications of domestic AI chips in training and inference processes [4][5]. - Deloitte's report predicts that the new generation of AI chips will exceed $150 billion by 2025, with the global AI chip market expected to grow to $400 billion by 2027 [5]. Group 3: Domestic Market Trends - There is an increasing demand for domestic AI chips driven by the growth of AI cloud server industries and the rising desire for higher domestic chip localization rates among local cloud providers [5].

深圳云天励飞技术股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性 公告 股东深圳东海云天创业投资合伙企业（有限合伙）及深圳市投控东海一期基金（有 限合伙）保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 证券代码：688343 证券简称：云天励飞 公告编号：2025-048 重要内容提示： | 权益变动方向 | 比例增加□ | 比例减少 | | --- | --- | --- | | 权益变动前合计比例 | 9.71% | | | 权益变动后合计比例 | 8.64% | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ | 否 | | 是否触发强制要约收购义务 | 是□ | 否 | 注：因公司实施 2023 年限制性股票激励计划，向激励对象定向发行的公司 A 股普 通股股票 3,692,940 股于 2025 年 7 月 23 日办理完毕股份登记手续，公司股本总额增加 至 358,826,660 股，故深圳东海云天创业投资合伙企业（有限合伙）（以下简称"东海 云天"）及深圳市投控 ...