Core Viewpoint - Beijing Zhiyu Huazhang Technology Co., Ltd. (referred to as Zhiyu) has announced its intention to go public in Hong Kong, aiming to become the "first global large model stock" [1][2] Financial Performance - The revenue projections for Zhiyu are as follows: 57.4 million RMB for 2022, 124.5 million RMB for 2023, and 312.4 million RMB for 2024 [1] - The compound annual growth rate (CAGR) of revenue from 2022 to 2024 is projected to be 130% [1] - For the first half of 2025, the expected revenue is 190 million RMB, indicating a doubling of revenue for three consecutive years [1] Company Background - Zhiyu was established in 2019 and is a spin-off from Tsinghua University, recognized as a pioneer in large model research in China [2] - The company has developed a comprehensive model matrix covering language, code, multimodal, and intelligent agents, utilizing its original General Language Model (GLM) pre-training architecture [2] - Zhiyu's models are compatible with over 40 domestic chipsets, positioning the company as one of the few in China that maintains technological parity with global leaders [2]
智谱披露IPO招股书，宣布冲刺“全球大模型第一股”
Xin Lang Cai Jing·2025-12-19 13:44