天数智芯闯关港股通过聆讯

Core Viewpoint - TianShuZhiXin Semiconductor Co., Ltd. has received approval for its Hong Kong IPO, marking a significant step towards its market entry, being the first company in the industry to achieve mass production of training and general-purpose GPU chips using advanced 7nm technology [1][2] Group 1: Company Overview - TianShuZhiXin is recognized as China's first general-purpose GPU enterprise, having successfully launched two product series: "TianGai" and "ZhiKai" [1] - The "TianGai" Gen1, released in 2021, is noted as China's first mass-produced general-purpose GPU product, filling a gap in the domestic training market [1] Group 2: Commercial Progress - The number of customers for TianShuZhiXin increased from 22 in 2022 to 181 by 2024, indicating a significant growth trajectory [1] - The shipment volume of general-purpose GPU products is projected to rise from 7,800 units in 2022 to 16,800 units in 2024, with an expected 15,700 units in the first half of 2025 [1] Group 3: Financial Performance - Revenue for TianShuZhiXin is on a notable upward trend, with figures of 189 million yuan, 289 million yuan, and 540 million yuan for the years 2022 to 2024, reflecting a compound annual growth rate of 68.8% [2] - For the first half of 2025, the revenue reached 324 million yuan, representing a year-on-year growth of 64.2% [2] Group 4: Fundraising Purpose - The funds raised from the Hong Kong IPO are expected to be directed towards research and development of products and solutions, as well as sales and marketing efforts [2]