Core Viewpoint - Aixin Yuan Zhi (0600.HK), a leading company in AI perception and edge computing chips, has successfully listed on the Hong Kong Stock Exchange, becoming the first edge computing AI chip company to do so. Company Overview - Aixin Yuan Zhi specializes in AI inference system chips (SoC) focused on creating high-performance platforms for edge computing and terminal device AI applications [7][8]. - The company aims to build advanced AI computing infrastructure to promote the widespread adoption of AI [7]. Product Matrix and Industry Position - Aixin Yuan Zhi has maintained a leading position in the visual terminal computing sector, primarily providing high-performance products centered around smart visual perception SoCs, widely used in IP and coaxial cameras [9]. - As of September 30, 2025, the cumulative shipment of Aixin Yuan Zhi's visual terminal computing SoCs has exceeded 157 million units, with a market share of 6.8% in global visual edge AI inference chips, and 24.1% in the mid-to-high-end market [11]. - In the smart automotive sector, Aixin Yuan Zhi is the second-largest domestic supplier of smart automotive SoCs in China, according to data from Zhaoshang Consulting [13]. Key Products - The M55H SoC, Aixin Yuan Zhi's first product in the smart automotive field, has achieved significant recognition for its safety, stability, energy efficiency, image quality, and cost-effectiveness, with cumulative shipments exceeding 5.16 million units since its launch [15][16]. - The M76H SoC is designed for L2+ level ADAS applications, achieving up to 600 TOPS in specific models, and has secured design wins with two Tier 1 suppliers [19]. - The M57 series, a new generation of automotive chips, has improved performance with an NPU computing power of 10 TOPS and has received certifications for functional safety and cybersecurity [21]. Edge AI Inference - Aixin Yuan Zhi has established a technological advantage in the edge AI inference sector with the 8850 series SoCs, which provide competitive performance of 72 TOPS (INT4 precision) [22]. - Since its launch in 2023, the shipment of the 8850 series SoCs has exceeded 21,000 units in 2023 and is expected to surpass 100,000 units in 2024, making Aixin Yuan Zhi the third-largest supplier of edge AI inference chips in China with a market share of 12.2% [23][24]. Market Outlook - The global market for cloud, edge, and terminal AI inference chips is projected to grow significantly from 2020 to 2030, with a compound annual growth rate (CAGR) of 113.0% from 2020 to 2024 and 36.3% from 2024 to 2030 [26]. - The Chinese market for cloud, edge, and terminal AI inference chips is also expected to see substantial growth, with a CAGR of 112.8% from 2020 to 2024 and 48.3% from 2024 to 2030 [31]. Financial Data - The company's revenue is projected to grow from 2.30 billion RMB in 2024 to 4.73 billion RMB in 2025, with gross profit expected to increase from 0.54 billion RMB in 2024 to 0.99 billion RMB in 2025 [52][53].
一图看懂爱芯元智(0600.HK)IPO