Core Viewpoint - Yunzhisheng has been officially included in the Hong Kong Stock Connect list, reflecting strong market recognition and opening new opportunities for liquidity and financing, following its successful listing as the "first AGI stock" in Hong Kong [1][12]. Financial Performance - In the first half of 2025, Yunzhisheng reported a revenue of 405 million RMB, achieving a year-on-year growth of 20.2%, demonstrating resilience amid increasing competition in the AI industry [3]. - The revenue from large model-related businesses surged by 457% year-on-year, nearing 100 million RMB, showcasing the company's ability to convert technology into commercial value [5]. - The AI chip sales reached 16.5 million units in the first half of the year, with cumulative shipments exceeding 100 million units, supporting daily life applications [5]. - The insurance business revenue skyrocketed by 1386.8% year-on-year, indicating a significant breakthrough and new growth trajectory [5]. - In the high-value "AI + healthcare" sector, the average revenue per customer increased by 116.2% year-on-year, highlighting market recognition of its healthcare AI solutions [5]. Technological Advancements - Yunzhisheng has intensified its investment in technology research and development, focusing on its self-developed Atlas intelligent computing platform to strengthen technological barriers [6]. - The company successfully compressed model parameters to below 0.5 billion through advanced model distillation technology, developing high-performance, low-latency edge models that have been successfully delivered in various vehicle models [6]. - The company has expanded its language model capabilities to cover multiple languages and dialects, enhancing speech recognition and semantic understanding in multilingual environments [8]. Market Expansion and Policy Support - Yunzhisheng has accelerated its domestic and international collaboration, signing memorandums with the government of Vanuatu and establishing a project in Southeast Asia [10]. - The company has formed strategic partnerships with health authorities and insurance companies in China, deepening its penetration in core sectors [10]. - Recent government policies promoting the integration of AI with various industries align with Yunzhisheng's strategic direction, providing a favorable environment for its growth [12].

星标 ★ IPO日报 精彩文章第一时间推送 近日，国内AI语音独角兽——云知声智能科技股份有限公司（以下简称"云知声"）向港交所主板提交上市申请，中金公司和海通国际为联 席保荐人。 云知声自2012年成立以来，一直致力于通过通用人工智能（AGI）技术创建互联直觉的世界。作为一家以技术创新为核心驱动力的公司，云知 声在语音识别、自然语言处理、机器学习等领域不断深耕，致力于将人工智能技术转化为实际应用，为各行各业提供智能化解决方案。 目前来看，云知声在技术突破和市场拓展方面取得了显著进展，营收也保持了稳步增长，但如何盈利可能是它的挑战——高额的研发投入是一 个方面，而与此同时，越来越多科技巨头和初创企业涌入人工智能领域，市场竞争激烈程度在不断加剧。 制图： 佘诗婕 三位"75后"博士联手创业 云知声的故事始于三位"75后"博士——梁家恩、黄伟和康恒联手创业。 具体来看，梁家恩，现年48岁，为云知声共同创办人、董事长、执行董事、副总经理兼首席技术官。曾2001年7月获得中国安徽省中国科学技 术大学自动控制专业学士学位，并于2006年7月获得中国北京市中国科学院自动化研究所模式识别与智能系统专业博士学位。 黄伟，现年 ...