云知声通过港交所聆讯：将成「港股AGI第一股」，今年一季度营收同比增长25%

Core Viewpoint - Yunzhisheng is one of the earliest companies in Asia to commercialize AI large language models and is on the verge of becoming the "first AGI stock" in Hong Kong, with significant growth projected in the AI solutions market in China [2][4]. Group 1: Company Overview - Yunzhisheng was founded in 2012 and has made breakthroughs in natural language processing using deep learning models, launching its first large language model, UniCore, based on BERT [2][3]. - The company strategically built the Atlas AI infrastructure in 2016, which supports powerful computing for machine learning tasks, boasting over 184 PFLOPS of computing power and more than 10 PB of storage [3]. - In 2023, Yunzhisheng introduced the Shanhai large model with 60 billion parameters, enhancing its capabilities compared to UniCore [3][4]. Group 2: Market Position and Performance - According to Frost & Sullivan, Yunzhisheng is the fourth largest AI solution provider in China by revenue in 2024 and ranks third in life AI solutions and fourth in medical AI services [4]. - The company has established partnerships with leading enterprises across various industries, referred to as "lighthouse customers," which has provided valuable insights and experience for developing targeted solutions [5]. Group 3: Financial Performance - Yunzhisheng's revenue from 2022 to 2024 is projected to grow from 601 million to 939 million, with a compound annual growth rate (CAGR) of 25.0% [5]. - Gross profit is expected to increase from 240 million to 364 million during the same period, with a CAGR of 23.3% [5]. - The adjusted net loss rate has significantly decreased from 30.5% in 2022 to 17.9% in 2024 [5]. Group 4: Future Plans - The net proceeds from the IPO will primarily be used to enhance R&D capabilities, invest in emerging business opportunities, expand internationally, and serve as working capital [6].