又一家GPU厂商，登录港股

Core Viewpoint - TianShu ZhiXin Semiconductor Co., Ltd. has successfully passed the Hong Kong Stock Exchange hearing and is set to disclose post-hearing materials on December 19, focusing on general-purpose GPU technology and achieving significant milestones in the domestic market [2]. Group 1: Company Overview - Established in 2015, TianShu ZhiXin specializes in general-purpose GPU technology, becoming the first domestic company to achieve mass production of training and inference GPUs [2]. - The company has launched two major product series, "TianGai" and "ZhiKai," creating a comprehensive general-purpose computing power system that meets diverse computing needs from AI model training to edge inference [2]. Group 2: Product Development - The "TianGai Gen1," released in 2021, is China's first mass-produced general-purpose GPU, utilizing a 7nm advanced process, breaking the long-standing foreign monopoly [2]. - The "TianGai Gen2" is set for mass production in Q4 2023, with "TianGai Gen3" expected to be released in Q3 2024 and mass production anticipated in Q1 2026 [2]. Group 3: Market Performance - The "ZhiKai" series, optimized for AI inference, includes "ZhiKai Gen1" and "ZhiKai Gen1X," which were launched in December 2022 and achieved mass production by February 2023 [3]. - The company has successfully deployed its products across various computing scenarios, particularly in enterprise AI deployment and medical imaging analysis [3]. Group 4: Commercialization and Financials - From 2022 to 2024, the number of customers increased from 22 to 181, with over 290 clients served by mid-2025 across multiple sectors [4]. - The shipment of general-purpose GPUs rose from 0.78 million units in 2022 to 1.68 million units in 2024, reflecting strong market recognition [4]. - Revenue figures show growth from 189 million yuan in 2022 to 540 million yuan in 2024, with a compound annual growth rate of 68.8% [4]. Group 5: Funding and Future Plans - TianShu ZhiXin has received support from various notable investment firms and state-owned enterprises [5]. - The funds raised from the IPO will primarily be used for product R&D, sales and marketing, and general corporate purposes [5].