特斯联更新招股书：上半年营收同比增长77%延续高增长，聚焦AI产业数智化

Core Viewpoint - The article highlights the strategic shift of Teslian Technology Co., Ltd. towards focusing on high-growth potential and scalable AI industry digitalization scenarios, as evidenced by its significant revenue growth and customer expansion in the AI sector [2][4]. Financial Performance - In the first half of 2025, Teslian reported total revenue of 632 million yuan, a year-on-year increase of 77%. The revenue for 2022, 2023, and 2024 was 738 million yuan, 1.006 billion yuan, and 1.843 billion yuan, respectively, reflecting a compound annual growth rate of 58% [2]. - The AI industry digitalization business generated 577 million yuan in revenue in the first half of this year, marking a 191% increase year-on-year, becoming a new growth engine for the company [2]. - Overall gross profit increased by 64% to 144 million yuan in the first half of the year, with significant reductions in expense ratios, particularly in marketing and administrative costs [3]. Customer and Market Expansion - By the first half of 2025, Teslian had over 900 customers, with 124 new clients added, and its products were applied in 172 cities globally. The company had an order backlog of 2.6 billion yuan and cash and cash equivalents increased by 316% to 657 million yuan compared to the end of 2024 [4]. Strategic Direction - Teslian is transitioning from AI 1.0 to AI 2.0, extending its AIoT core capabilities into "computing power" and "intelligent agents," aiming to create a closed-loop system for spatial intelligence [4]. - The company announced a new strategy at the 2025 World Top Scientists Forum, focusing on the development of AIoT computing power and intelligent agents to accelerate the implementation of spatial intelligence [4]. Technological Development - Teslian is building a hybrid intelligent computing cloud with a heterogeneous computing hardware cluster and two software platforms, TacOS and HICE, to provide efficient AI inference services and computing power leasing [5]. - The HALI intelligent agent system, which includes smart robots and wearable devices, has been developed to enable interaction with physical spaces, enhancing the company's product ecosystem [6]. - The company has invested significantly in R&D, with expenditures of 329 million yuan, 322 million yuan, and 377 million yuan from 2022 to 2024, and 162 million yuan in the first half of 2025, reflecting an 11.4% increase year-on-year [6].