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 - Founded in 2012, Yunzhisheng has made breakthroughs in natural language processing using deep learning models and launched its first large language model, UniCore, based on BERT [2]. - 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 over 10 PB of storage [3]. - In 2023, Yunzhisheng introduced the Shanhai large model with 60 billion parameters, outperforming its predecessor UniCore in various metrics [3]. Group 2: Market Position and Growth - According to Frost & Sullivan, Yunzhisheng ranks as the fourth largest AI solution provider in China by revenue in 2024 and is the second fastest-growing among companies with revenues exceeding 500 million yuan [4]. - The company has achieved significant revenue growth from 6.01 billion yuan in 2022 to a projected 9.39 billion yuan in 2024, with a compound annual growth rate (CAGR) of 25% [5]. Group 3: Client Strategy and Financial Performance - Yunzhisheng has partnered with leading companies across various industries, referred to as "lighthouse customers," to gain valuable insights and experience in high-frequency and representative scenarios [5]. - The company's gross profit has also increased from 2.40 billion yuan in 2022 to 3.64 billion yuan in 2024, with a gross margin of approximately 39.9% to 38.8% during the same period [5]. - In Q1 of this year, Yunzhisheng continued to maintain approximately 25% year-on-year revenue growth [6]. Group 4: Future Plans and Funding - The funds raised from the IPO will primarily be used to enhance R&D capabilities, invest in emerging business opportunities, and expand internationally [7].