深圳AI龙头赴港IPO！CFO年薪1600万，曾任华为财务专家

Core Viewpoint - Cloud Tianli Fei, a leading AI company in Shenzhen, has submitted an application for H-share listing on the Hong Kong Stock Exchange, marking a new phase of dual listing after its debut on the STAR Market in 2023 [3] Financial Performance - Revenue for the fiscal years 2022, 2023, 2024, and the first quarter of 2025 was approximately CNY 546.2 million, CNY 506 million, CNY 917.4 million, and CNY 264.1 million respectively [4] - Gross profit for the same periods was approximately CNY 174.1 million, CNY 118.8 million, CNY 192.1 million, and CNY 76 million, with corresponding gross margins of 31.9%, 23.5%, 20.9%, and 28.8% [4] - R&D expenses were CNY 347 million, CNY 295 million, CNY 400 million, and CNY 83.9 million, representing 63.4%, 58.3%, 43.6%, and 31.8% of total revenue respectively [4][5] Market Position - Cloud Tianli Fei is recognized as the first company in China to commercialize domestic high-performance AI inference chips and ranks among the top three providers of full-scenario AI inference chip products and services in China [3] - The company is the second-largest provider of NPU-driven AI inference chips in China according to a report by Zhi Shi Consulting [3] Customer and Supplier Concentration - Revenue from the top five customers accounted for 49%, 47.5%, 57.3%, and 84.2% of total revenue for the years 2022, 2023, 2024, and the first quarter of 2025 respectively [5] - The largest customer contributed 28.9%, 17.4%, 20.5%, and 47% of total revenue during the same periods [5] - Purchases from the top five suppliers represented 30.2%, 34.3%, 31.4%, and 41.2% of total procurement costs for the respective years [5] Leadership - The company is led by Dr. Chen Ning, who has nearly 20 years of experience in the semiconductor industry, and Mr. Deng Haoran, who has over 20 years of experience in accounting, tax, and compliance [3][5][11]