云天励飞：华夏基金、长信基金等多家机构于7月23日调研我司

Core Viewpoint - Company is advancing its commercialization efforts with the Deep Edge10 series chips and expanding its consumer-grade business, focusing on innovative AI-driven products for children and IoT applications [2][3][4]. Group 1: Deep Edge10 Series Chips - The Deep Edge10 series chips are based on the company's self-developed Neural Network Processor (NNP400) architecture, utilizing a domestic 14nm Chiplet process and featuring a domestic RISC-V core [2]. - The series includes four models: DeepEdge10C, DeepEdge10 Standard, DeepEdge10Max, and DeepEdge200, designed to meet a range of computing power needs from 8T to 256T [2]. - The chips support various mainstream models, including Transformer and LLM models, and have been commercialized in fields such as robotics and edge gateways, contributing to space exploration applications [2]. Group 2: Consumer Business Development - The company launched its consumer-grade business strategy in 2024, establishing a subsidiary, LooKa Doctor, to focus on children's educational products [3]. - Two AI hardware products, the I-Pai Learning Machine and I-Plush Toy, have been developed, both utilizing the proprietary "Cloud Tian Book" multimodal large model to enhance user experience [3]. - The I-Pai Learning Machine has achieved sales exceeding 50,000 units across multiple online platforms, indicating strong market demand [3]. Group 3: IoT Product Expansion - The acquisition of Qiancheng Technology has enhanced the company's hardware capabilities, promoting the application of self-developed large models in smart devices [4]. - The company plans to launch multiple consumer-grade products and establish a comprehensive online and offline marketing system [4]. - The strategy includes exploring a "hardware + subscription content" business model and expanding into overseas markets with multilingual product versions [4]. Group 4: Financial Performance - In Q1 2025, the company reported a main revenue of 264 million yuan, a year-on-year increase of 168.23%, while the net profit attributable to shareholders was -85.64 million yuan, up 37.86% year-on-year [5]. - The company’s gross profit margin stood at 29.46%, with a debt ratio of 32.59% [5]. - Recent financing data indicates a net inflow of 16.61 million yuan in the past three months, suggesting increased investor interest [5].