Core Viewpoint - After two years of setbacks in the IPO process, AI unicorn Siboer plans to restart its IPO journey, focusing on the large model era [1][2] Company Overview - Siboer Technology Co., Ltd. was founded in 2007 in Cambridge, UK, focusing on intelligent voice language technology [8] - The company has completed eight rounds of financing before its IPO attempt, raising over 1 billion yuan, with notable investors including Alibaba and Foxconn [8] - As of 2024, Siboer is valued at 10 billion yuan according to the Hurun China Unicorn List [8] IPO Attempts - Siboer's IPO application was accepted by the Shanghai Stock Exchange on July 15, 2022, but was ultimately terminated in May 2023 due to insufficient disclosure regarding future revenue growth and negative net asset risks [4][6] - The company had planned to issue up to 40.01 million shares to raise 1.033 billion yuan, with an estimated market value of 10.3 billion yuan [8] Financial Performance - Siboer's revenue from 2019 to 2022 showed a growth trend: 115 million, 237 million, 307 million, and 423 million yuan, respectively, while net losses were 283 million, 215 million, 335 million, and 297 million yuan [9] - R&D investments during the same period were significant, with percentages of revenue being 173.35%, 86.26%, 93.25%, and 74.04% [9] Market Position and Strategy - Siboer specializes in human-computer dialogue solutions, with a complete technology chain covering signal processing, speech recognition, natural language understanding, and knowledge graphs [7] - The company is currently focusing on the "cloud + chip" strategy, accelerating the deployment of its self-developed industry language model DFM-2 in various sectors including automotive and IoT [10]

Core Viewpoint - The company focuses on the industrial internet sector, particularly in the coal mining industry, leveraging advanced technologies to enhance operational efficiency and safety while transitioning towards a data-driven manufacturing paradigm [2][6][8]. Company Overview - The company specializes in industrial internet, integrating IoT, digital twins, AI, and communication technologies to create a smart ecosystem in industrial manufacturing [2][4]. - The main products include smart mining information systems, which consist of various platforms and monitoring systems tailored to meet specific client needs [3][4]. Industry Situation - The smart mining industry aims to enhance safety, efficiency, and reduce manpower through the integration of advanced technologies like AI and IoT [5][8]. - China is experiencing a surge in energy demand, with coal remaining a primary energy source due to its resource endowment, despite the growth of renewable energy [6][7]. - The government has established a comprehensive policy framework to support the intelligent transformation of coal mining, including guidelines and financial incentives [7][9]. Technological Advancements - The company is positioned as a leader in the smart mining sector, with capabilities spanning perception, transmission, and intelligent application layers [14]. - The development of intelligent robots and autonomous driving technologies in mining is gaining momentum, with significant policy support aimed at enhancing safety and operational efficiency [11][14]. Financial Data and Indicators - The company has not needed to restate previous financial data, indicating stable financial reporting practices [15]. - There are no significant discrepancies between the reported financial indicators and previously disclosed quarterly or semi-annual reports [15].

Core Viewpoint - Beijing Zhiyu Huazhang Technology Co., Ltd. (referred to as "Zhiyu") has officially initiated the A-share IPO counseling process, marking the first listed company in the domestic "AI Six Dragons" sector [1][3]. Group 1: IPO Counseling and Timeline - Zhiyu signed a counseling agreement with China International Capital Corporation on March 31, 2025, aiming to complete the counseling plan by October 2025 [2][10]. - The IPO counseling marks a significant step for Zhiyu, which has undergone a name change and is preparing for its public offering [3][4]. Group 2: Technological Advancements - Founded in June 2019, Zhiyu's core team originates from Tsinghua University's Knowledge Engineering Laboratory, with founder Tang Jie being a recognized authority in the AI field [4]. - Zhiyu has developed several significant models, including the GLM architecture and the GLM-130B model, which broke new ground in the domestic large model open-source space [4][6]. Group 3: Capital Injection and Financial Backing - Zhiyu has completed 15 rounds of financing since its establishment, raising over 16 billion RMB, with significant investments from major players like Sequoia, Hillhouse, Tencent, and Alibaba [6][8]. - The company’s valuation has surged to over 30 billion RMB following recent investments, indicating strong market confidence [8]. Group 4: Market Challenges and Commercialization - Despite its advancements, Zhiyu faces challenges in finding the optimal commercialization path, with high operational costs and reliance on a concentrated customer base [12]. - The company’s revenue is heavily dependent on government and state-owned enterprises, with over 60% of orders coming from these sectors [12]. Group 5: Future Outlook - The IPO is seen as a critical juncture for Zhiyu, transitioning from reliance on capital infusion to self-sustaining growth [12]. - The company must address its current losses and innovate its profit model to ensure successful market entry post-IPO [12].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自财联社、红星资本局、财经、天眼查、公开信息等 ，谢谢。 4月7日，据财联社，微软中国方面在发给记者的正式声明中回应了关于微软在中国停止运营的传 闻。声明称："有关微软将停止在中国运营的报道，信息不实。有关微创Wicresoft公司的业务和运 营的任何问题应直接向他们咨询。" 南财快讯·辟谣旋风队注意到，今日稍早些时候，有网传邮件截图显示，"由于地缘政治及国际业务 环境的变化，微软将调整其全球战略布局，并将于4月8日起正式停止在中国区的运营。这一决定 意味着我们微软项目团队的相关工作也将同步终止。" 据《财经》经多方信源获悉，截图中所指裁员公司为上海微创软件股份有限公司，和微软中国无 关。数位微创公司人士向《财经》证明了邮件截图和业务裁撤的真实性。一位微软中国人士指出， 该公司为前微软中国公司总裁唐骏参与设立的外包公司，和微软有部分业务合作。 网传邮件截图 天眼查App显示，上海微创软件股份有限公司成立于2002年5月，法定代表人为张维，董事长为唐 骏，注册资本约9163万人民币，经营范围包括软件开发、软件销售、市场营销策划等。 股东信息显示，该公司由浙大 ...

4月7日，据财联社，微软中国方面在发给记者的正式声明中回应了关于微软在中国停止运营 的传闻。声明称： "有关微软将停止在中国运营的报道，信息不实。有关微创Wi c r e s o ft公司 的业务和运营的任何问题应直接向他们咨询。" 股东信息显示，该公司由浙大网新科技股份有限公司、微软公司等共同持股，其中微软公司 持股2 2 . 3 2%。 | | 安公司 都在用的商业查询工具 | 查考板 查风险 查关系 | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 受印上提供中中建设之分之中 | 上海微创软件股份有限公司 | 区 天眼一下 | | ■ 应用 。 合作通道 · 企业级产品 · | | | 基本信息 179 | 法律诉讼 8 | 经营风险 4 | 经营信息 999+ | 公司发展 28 | 知识产权 278 | 历史信息 189 ② | | 工商信息 历史工商信息> ▲ ◎ 查看工商快照 | | | | | | 전 응원 2天眼查 | | 企业名称 | 上海微创软件股份有限公司 | | | | | | | | 曾用名 上海微创软件有限公司 | ...

As filed with the U.S. Securities and Exchange Commission on December 13, 2024. Registration No. 333-276180 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________________ 3 E NETWORK TECHNOLOGY GROUP LIMITED (Exact name of registrant as specified in its charter) __________________________________________ | British Virgin Islands | 7371 | Not Applicable | | --- | --- | --- | ...

As filed with the U.S. Securities and Exchange Commission on December 4, 2024. Registration No. 333-276180 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________________ 3 E NETWORK TECHNOLOGY GROUP LIMITED (Exact name of registrant as specified in its charter) __________________________________________ | British Virgin Islands | 7371 | Not Applicable | | --- | --- | --- | ...

As filed with the U.S. Securities and Exchange Commission on September 5, 2024 Registration No. 333-280312 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 YSX Tech. Co., Ltd (Exact name of registrant as specified in its charter) | Cayman Islands | 7389 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organiz ...

As filed with the U.S. Securities and Exchange Commission on August 8, 2024. Registration No. 333-276180 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________________ 3 E NETWORK TECHNOLOGY GROUP LIMITED (Exact name of registrant as specified in its charter) __________________________________________ | British Virgin Islands | 7371 | Not Applicable | | --- | --- | --- | | ...

As filed with the U.S. Securities and Exchange Commission on July 1, 2024. Registration No. 333-276180 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER | British Virgin Islands | 7371 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | B046 of Room 801, 11 Sixing Stree ...