云知声正式登陆港交所：市值超150亿港元，港股迎「AGI第一股」

Core Viewpoint - Yunzhisheng Intelligent Technology Co., Ltd. (referred to as "Yunzhisheng") officially listed on the Hong Kong Stock Exchange on June 30, 2025, under the stock code "9678," becoming the first AGI stock in Hong Kong [2][3] Group 1: IPO Details - Yunzhisheng issued a total of 1,560,980 H-shares in its IPO, with a subscription rate of 91.66 times for the Hong Kong public offering and 1.70 times for the international offering [2] - As of 11:05 AM on the listing day, Yunzhisheng's share price was HKD 213.0, reflecting a 3.9% increase from the issue price, with a market capitalization of HKD 15.113 billion [3] Group 2: Company Background and Vision - Founded in 2012, Yunzhisheng has evolved from voice interaction to cognitive intelligence, with a mission to create an interconnected and intuitive world using AGI [5][8] - The company aims to leverage Hong Kong as a base to bring Chinese AGI products to the global market, emphasizing agile innovation and better commercialization [5] Group 3: Technological Advancements - Yunzhisheng has made significant strides in AI, launching its first BERT-based large language model, UniCore, and later developing the Atlas AI infrastructure, which boasts over 184 PFLOPS of computing power and over 10PB of storage [8] - In 2023, the company introduced the "Shanhai" large language model with 60 billion parameters, outperforming its predecessor in various capabilities [8][9] Group 4: Market Position and Financial Performance - According to Frost & Sullivan, Yunzhisheng ranks as the fourth largest AI solution provider in China by revenue, with a compound annual growth rate (CAGR) of 25% from 2022 to 2024 [11][12] - The company's revenue figures for 2022, 2023, and 2024 are projected at CNY 601 million, CNY 727 million, and CNY 939 million, respectively, with gross profit margins of 39.9%, 40.5%, and 38.8% [12] Group 5: Future Plans - Yunzhisheng plans to enhance its Atlas AI infrastructure and optimize the Shanhai model for various industries while strengthening collaborations with universities and research institutions to attract and cultivate AI talent [12]