2 1 Shi Ji Jing Ji Bao Dao·2025-09-05 00:23Core Viewpoint - The domestic AI chip industry is experiencing significant growth driven by strong demand for AI inference, with leading companies accumulating inventory and securing key materials to prepare for future market developments [1][4]. Group 1: Company Performance - Haiguang Information achieved a revenue of 5.464 billion yuan in the first half of the year, a year-on-year increase of 45.21%, with a net profit of 1.201 billion yuan, up 40.78% [4]. - Cambricon Technologies reported a staggering revenue of 2.881 billion yuan, a year-on-year increase of 4347.82%, and a net profit of 1.038 billion yuan, compared to a loss of 530 million yuan in the previous year, marking a growth of 295.85% [4]. - Longxin Zhongke's revenue reached 244 million yuan, a year-on-year increase of 10.9%, but it still reported a net loss of 294 million yuan, which is a 23.53% increase in losses compared to the previous year [4]. Group 2: Inventory and Contracts - Cambricon's inventory stood at 2.69 billion yuan, accounting for 31.95% of total assets, with a 51.64% increase from the previous year [5]. - Contract liabilities for Cambricon surged to 543 million yuan, representing 6.45% of total assets, a dramatic increase of 61223.22% compared to the previous year [5]. - Haiguang Information's contract liabilities increased by 242.1% to 3.091 billion yuan, making up 9.57% of total assets, driven by customer prepayments [5]. Group 3: Market Dynamics - The domestic AI chip market is characterized by a diverse range of technology routes, with companies like Haiguang Information and Muxi actively competing against global giants like NVIDIA [8]. - ASIC customized chips are gaining traction, particularly among cloud computing firms, due to their tailored design for specific AI inference scenarios [8]. - The market share of domestic companies is growing, with Huawei HiSilicon holding approximately 23% of the AI acceleration chip market in China, while Muxi holds about 1% [8]. Group 4: Strategic Developments - Companies are focusing on deep collaboration within the industry chain to enhance the development of AI chip ecosystems, as highlighted by Haiguang Information's integration efforts with Zhongke Shuguang [13][14]. - Increased marketing expenditures by Haiguang Information, which rose by 185.83% to 203.4 million yuan, reflect a strategic push to expand market presence and ecosystem development [14]. - The domestic AI chip industry's rapid advancement is attributed to sustained R&D investments and a collaborative approach within the ecosystem [14].