RISC-V第一股，冲击IPO

Core Viewpoint - Yiswei Computing, a leading RISC-V chip company, has officially submitted its IPO application to the Hong Kong Stock Exchange, marking a significant milestone in the AI sector led by Wang Dongsheng, founder of BOE Technology Group [2][6]. Company Overview - Yiswei Computing was established in 2019 and focuses on RISC-V computing architecture, providing specialized algorithms and IP modules to create efficient hardware and software platforms for global clients [6]. - The company aims to deliver intelligent terminal solutions for consumer electronics and smart IoT applications, enhancing smart home, office, and portable scenarios [6]. Financial Performance - Revenue projections for Yiswei Computing from 2022 to 2024 are 2 billion, 1.752 billion, and 2.025 billion yuan, with gross margins of 25.9%, 15.4%, and 17.7% respectively [8]. - The company has maintained high R&D investments, with expenditures of 1.44 billion, 1.445 billion, and 1.337 billion yuan from 2022 to 2024, representing 72%, 82.5%, and 66% of annual revenues [8]. - Cumulatively, Yiswei Computing's revenue from 2022 to 2024 is projected to be 5.777 billion yuan, with total losses amounting to 4.954 billion yuan [9]. Market Position - Yiswei Computing is recognized as the largest provider of intelligent terminal human-computer interaction solutions in China, according to Frost & Sullivan [6]. - The company is also the leading provider of RISC-V custom solutions in China, with the highest number of RISC-V mass production solutions expected by 2024 [7]. Investment and Funding - Since its inception, Yiswei Computing has completed four funding rounds, raising over 9 billion yuan from various investors, including IDG Capital and other notable firms [9].