Core Viewpoint - The AI industry continues to attract significant interest from the capital market, with companies like Alibaba-W and Zhizhu gaining attention. A new player, Aixin Yuanzhi, is set to launch an IPO in the Hong Kong market, focusing on AI chips [2]. Company Overview - Aixin Yuanzhi specializes in AI inference system chips (SoC) aimed at high-performance perception and computing platforms for edge computing and terminal device AI applications. Their product line includes SoCs designed for visual terminals, edge inference, and smart vehicles, with a strong emphasis on advanced visual terminal computing solutions [4]. IPO Details - Aixin Yuanzhi plans to issue 105 million H-shares globally, with 10% allocated for public sale in Hong Kong and 90% for international sale. The expected price is HKD 28.20 per share, aiming to raise approximately HKD 27.90 billion, with funds allocated for technology optimization, R&D, sales expansion, and operational costs [2][3]. Financial Performance - The company has seen significant growth in the shipment of its 8850 series SoC, increasing from over 21,000 units in 2023 to over 100,000 units in 2024. Aixin Yuanzhi ranks third among Chinese edge AI inference chip suppliers, holding a market share of 12.2% [5]. - Revenue projections show a compound annual growth rate of 206.8%, with revenues of CNY 0.50 billion, CNY 2.30 billion, and CNY 4.73 billion from 2022 to 2024. However, the company has been operating at a loss, with net profits of -CNY 6.12 billion, -CNY 7.43 billion, and -CNY 9.04 billion during the same period [5].
【IPO追踪】爱芯元智招股，冲刺“中国边缘AI芯片第一股”