国产GPU四小龙之一，通过港交所聆讯，手握超8亿元订单

Core Viewpoint - The article discusses the growth trajectory and market positioning of Birran Technology, a domestic GPU manufacturer, as it prepares for its IPO in Hong Kong, highlighting its revenue growth, product development, and market share in the AI chip sector. Group 1: Company Growth and Financial Performance - Birran Technology was founded in September 2019 and has grown its revenue from 62 million RMB in 2023 to 337 million RMB in 2024, with an order backlog of 822 million RMB and additional contracts worth 1.241 billion RMB awaiting fulfillment [1]. - The company reported a net loss of 1.474 billion RMB in 2022, 1.744 billion RMB in 2023, and 1.538 billion RMB in 2024, accumulating over 6.3 billion RMB in losses over three and a half years [7][8]. - In 2024, the company achieved a gross margin of 53.2%, with an average transaction value increasing by 113.64% year-on-year to 9.4 million RMB [6]. Group 2: Market Position and Competition - The Chinese AI chip market is dominated by Nvidia and Huawei, which together hold 94.4% of the market share, while domestic AI chips, including Birran Technology, have less than 1% market share [1]. - Birran Technology's market share in the smart computing chip market and GPGPU market is projected at 0.16% and 0.20%, respectively, for 2024 [1]. Group 3: Product Development and Innovation - The company has developed its first-generation GPGPU architecture and is working on the second generation, with products like BR106 and BR110 already in production [10]. - The BR166 chip, which offers double the performance of BR106, is expected to drive sales growth in 2025 [12]. - Birran Technology is also planning to launch the BR20X series for cloud training and inference by 2026, with further products like BR30X and BR31X expected by 2028 [13]. Group 4: Strategic Partnerships and Ecosystem Development - The company has formed strategic partnerships to enhance its product offerings and market reach, including a collaboration with an IT company to develop AI infrastructure solutions [12][16]. - Birran Technology is focused on building a software ecosystem with its BIRENSUPA platform, which supports third-party GPGPU software, thereby reducing migration costs for users [15].