Core Insights - Shanghai Suyuan Technology Co., Ltd. has resumed its listing guidance process on November 1, 2023, with a change in advisory firms from China International Capital Corporation to CITIC Securities, driven by changes in the capital market environment and the company's strategic development needs [1] - The company, a leading domestic GPU enterprise, aims to continue its progress towards listing on the Sci-Tech Innovation Board [1] - Suyuan Technology focuses on AI cloud computing products and aims to provide foundational computing power for general artificial intelligence, offering innovative AI acceleration cards, system clusters, and hardware-software solutions [1] Company Developments - Founded in March 2018, Suyuan Technology has released multiple generations of AI products, including the first inference product in 2020, second-generation training and inference chips in 2021, and plans for mass production of third-generation products in 2024, with an expected delivery of 50,000 cards that year [1] - The company has actively participated in building data center clusters in Gansu Qingyang and held a ceremony in August 2024 to light up a domestic cluster of 10,000 cards [1] Industry Context - During the 2025 World Artificial Intelligence Conference in July, the CEO of Suyuan Technology highlighted the significant advancements in China's AI industry over the past six years and emphasized the need for AI chip companies to transition from a technology product loop to a commercial loop for sustainable development [2] - Suyuan Technology's third-generation products have achieved large-scale commercialization, with the Suyuan S60 product reaching a deployment scale of 70,000 cards, positioning the company among the top tier in domestic card deployment [2] - The company supports over 300 application scenarios, including large language models and traditional AI models, and has contributed to the construction of five intelligent computing clusters, serving over 1 billion end users [2]
燧原科技重启IPO备案 辅导机构变为中信证券