Core Viewpoint - Yuntian Lifei is intensifying its focus on AI inference chips, aiming to seize a leading position in the fourth industrial revolution [2][4][25] Group 1: Company Overview - Yuntian Lifei has submitted an application for H-share listing on the Hong Kong Stock Exchange, marking a new phase of dual listing after its debut on the Sci-Tech Innovation Board in 2023 [2] - The company is recognized as the first in China to commercialize high-performance AI inference chips and ranks among the top three providers of all-scenario AI inference chip products and services in China [2] - Yuntian Lifei has established a "1+N" business structure, positioning itself as an AI chip company while leveraging its 11 years of accumulated independent business units [5][6] Group 2: Technological Development - The company has developed the DeepEdge10 series chips using domestic processes, showcasing its commitment to self-research and localization [4][22] - Yuntian Lifei's innovative "computing power building block" architecture allows for flexible scaling of computing power, addressing challenges posed by domestic manufacturing limitations [22] - The DeepEye1000 visual analysis SoC chip launched in 2018 demonstrated a 20-fold performance improvement compared to general-purpose GPUs [20] Group 3: Market Position and Strategy - The AI inference market is projected to grow at over 80% annually, becoming a major driver of AI computing demand [34] - Yuntian Lifei is accelerating its product offerings across cloud, edge, and terminal systems, with the launch of the DeepSky X6000 inference acceleration card [36] - The company is actively engaging with potential large clients and plans to release its next-generation high-performance inference chip in the coming year [37] Group 4: Leadership and Vision - CEO Chen Ning emphasizes the necessity of developing AI inference chips, viewing it as an essential endeavor for the company [33][34] - The company aims to create a virtuous cycle of AI large-scale applications by reducing the costs of AI inference chips [38] - Yuntian Lifei's strategic investments in downstream companies and its extensive customer base bolster its position in the AI chip market [38]

Group 1 - The year 2023 is marked as the year of AI technology application, with the World Artificial Intelligence Conference (WAIC) showcasing groundbreaking innovations, particularly in chip and computing power development [2] - Guangdong-based company Yuntian Lifeng presented its self-developed DeepEdge10 series chips, featuring a "computing power building block" architecture that allows flexible assembly and expansion of computing power [2] - Yuntian Lifeng is strategically focusing on AI inference chips this year, planning to build a domestic computing power "accelerator" around three core areas: edge computing, cloud-based large model inference, and embodied intelligence [2] Group 2 - Dr. Chen Ning, Chairman and CEO of Yuntian Lifeng, stated that 2025 will be a pivotal year for AI development, with large model technology reaching new maturity and significantly reduced model invocation costs, transitioning AI from an "expert tool" to a "universal infrastructure" [2] - The demand for inference computing power is expected to experience explosive growth as AI transitions from a training era to an inference era [2] - AI is anticipated to reshape various electronic products, including wearable devices, household appliances, and electric vehicles, redefining their forms and functions [3] Group 3 - The underlying support for these transformations relies on AI inference chips, which will create a ubiquitous computing power network across endpoints, edges, and clouds [3] - This "full coverage" computing foundation enables conversational AI to operate efficiently across various devices, facilitating the transition of electronic products from "tools" to "intelligent partners" [3]