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Company Overview - Yuntian Lifei is a leading AI company in China, focusing on the research, design, and commercialization of AI inference chips. The company integrates deep understanding of AI algorithms and practical application scenarios into high-performance, cost-effective applications, offering products and services across enterprise, consumer, and industry-level applications [4]. Industry Growth - The AI inference chip-related products and services industry in China is experiencing rapid growth, with the market size increasing from RMB 11.3 billion in 2020 to RMB 162.6 billion by 2024, representing a compound annual growth rate (CAGR) of 94.9%. It is projected to continue growing at a CAGR of 53.4% from 2024 to 2029, reaching RMB 1,383 billion by 2029 [4]. Market Position - According to a report by Zrac Consulting, Yuntian Lifei ranks among the top three providers of AI inference chip-related products and services in China based on revenue statistics for 2024. The company is also positioned as one of the top two providers specifically for NPU-driven AI inference chips [4]. Product Development - Yuntian Lifei's IFIC foundation enables algorithm chip capabilities. The company has developed NPU products such as Nova, along with AI inference chips including DeepEye and DeepEdge, and is working on products like DeepVerse and DeepXBot. The Hy3CAN hardware enabling tool and IFIE software platform support the operation of AI inference chips [5]. Financial Performance - For the fiscal years ending March 31, the company reported revenues of approximately RMB 546.2 million, RMB 506.0 million, RMB 917.4 million, and RMB 98.4 million for 2022, 2023, 2024, and the first three months of 2025, respectively. Corresponding gross profits were approximately RMB 174.1 million, RMB 118.8 million, RMB 192.1 million, and RMB 13.9 million [6][7].