一图看懂天数智芯(9903.HK)IPO

Group 1 - The company TianShu ZhiXin (9903.HK) is launching its IPO today with a share price of HKD 144.6, aiming to raise approximately HKD 3.7 billion by offering 25.43 million shares, with trading expected to commence on January 8 [1][6][7] - TianShu ZhiXin is the first company in China to achieve mass production of general-purpose GPU chips for inference and training, utilizing advanced 7nm technology [7][22] - The company offers a comprehensive range of general-purpose GPU products and AI solutions, including GPU chips and customized AI computing solutions tailored for various industries [6][10][12] Group 2 - The Chinese AI chip market is projected to grow significantly, with a compound annual growth rate (CAGR) of 80.3% from 2022 to 2024 and 29.1% from 2025 to 2029 [15][16] - The general-purpose GPU market in China is also expected to expand, with a CAGR of 70.1% from 2022 to 2024 and 29.5% from 2025 to 2029 [18][19] - The domestic general-purpose GPU production rate is anticipated to increase from 3.6% in 2022 to 31% by 2029 [18] Group 3 - The company's R&D team consists of experienced professionals, with over 70% holding master's degrees or higher, and the core team has more than 20 years of industry experience [19][20] - TianShu ZhiXin has successfully completed three generations of general-purpose architecture iterations for its GPU products [19][20] - The company has delivered over 52,000 general-purpose GPUs across more than 290 clients in various sectors, including financial services and healthcare [23][24] Group 4 - The company's revenue is projected to grow at a CAGR of 68.8%, with revenues reaching RMB 539.5 million in 2022 and expected to increase significantly in the following years [37][38] - The gross profit is also expected to rise, with a CAGR of 33.1%, indicating strong financial performance [41][42]