中证报中证网讯(王珞)8月27日，云天励飞发布2025年半年度报告，公司实现营业收入6.46亿元，同比增 长123.10%；毛利率提升至28.5%，同比上升12.8个百分点；经营性现金流3953万元，首次由负转正。 报告显示，从营收结构来看，云天励飞在企业级、消费级、行业级三大业务场景实现多点驱动，分别贡 献收入2.69亿元、2.98亿元、7570.41万元，占比分别为41.83%、46.38%和11.79%。 在国产生态构建方面，报告期内，云天励飞DeepEdge10芯片平台已全面支持DeepSeek全系列模型，并 在DeepSeek"开源周"期间快速完成与FlashMLA的适配，通过一系列优化，显著提升计算效率并降低显 存占用，进一步验证"算力积木"架构在多模型、多场景中的可扩展性。与此同时，DeepEdge10完成对 国产鸿蒙操作系统的适配，桌面环境和系统原生应用顺利运行。此外，公司自研的"云天天书"训推一体 机成功适配DeepSeek，并在深圳市龙岗区、南山区部署落地，其中龙岗区成为广东省首个在政务信创 环境下部署该模型的政府部门。 云天励飞表示，正加速构建国产AI推理芯片的创新高地和产业生态平台，未 ...

Core Viewpoint - The article discusses the strategic shift of Yuntian Lifei towards AI inference chips, highlighting the growing demand for inference computing power as AI applications proliferate, and the company's recent product launches aimed at this market [2][3][4]. Group 1: AI Inference Market Dynamics - AI is divided into training and inference stages, with inference power demand increasing significantly; IDC reports that cloud inference computing power reached 58.5% in 2022 and is expected to rise to 62.2% by 2026 [2]. - The AI inference chip market is still in a blue ocean phase, with growth expected to outpace the training chip market in the next three to five years, indicating a transition from the training era to the inference era [3][4]. - The demand for AI inference computing is projected to grow over 80% annually, potentially surpassing training as the main driver of data center computing [15]. Group 2: Company Developments and Product Launches - Yuntian Lifei launched the DeepSky X6000 Mesh inference computing card with a computing power of 256 Tops, designed for AI inference applications, supporting 30fps 1080p video decoding [2]. - The company has developed a range of products based on the DeepSky X6000 Mesh card, including various integrated machines with up to 4 PFlops of inference computing power [2][4]. - Yuntian Lifei has successfully transitioned to domestic processes, becoming the first AI chip company to adopt domestic Chiplet technology, and has launched multiple chips under the DeepEdge10 platform [6]. Group 3: Financial Performance and Future Outlook - Yuntian Lifei reported a revenue of over 900 million yuan in 2024, a year-on-year increase of 81.3%, with Q1 2025 revenue reaching 264 million yuan, up 168.23% year-on-year [7]. - The company has signed a significant contract for AI training and inference heterogeneous computing services, expected to contribute approximately 1.6 billion yuan in revenue over three years [7]. - The CEO emphasizes the importance of AI inference chips in driving the large-scale application of AI technologies in various sectors, predicting a transformative impact on electronic products in the next five years [8][9].

Group 1 - The core theme of the "AI for Good" forum was the development direction of AI chips, with a focus on making technology accessible globally [1] - Dr. Chen Ning, CEO of Yuntian Lifei, emphasized the importance of AI inference chips in achieving widespread technological benefits and addressing global challenges [1][9] - Yuntian Lifei has developed the DeepEdge10 chip platform, which includes four chips with computing power ranging from 8T to 256T, catering to various performance needs [3][4] Group 2 - The company has launched a series of AI inference products that cover cloud, edge, and terminal applications, supporting various industries such as smart cities and intelligent computing [4][6] - Yuntian Lifei's innovative architecture, "Computing Power Building Blocks," enhances chip adaptability for different scenarios, expanding the application space for domestic chips [5] - The company has made significant contributions to AI chip applications, including deploying AI models in government services and public transportation systems [6] Group 3 - Dr. Chen Ning has been recognized for his contributions to the field, leading Yuntian Lifei to win multiple prestigious awards in AI technology [7] - The company actively participates in the formulation of industry standards, having contributed to over 60 standards in AI and chip technology [8] - Yuntian Lifei has over 1,000 authorized patents, including more than 700 invention patents, showcasing its innovation capabilities [8]

Core Insights - Company reported a revenue of over 900 million yuan for 2024, marking an 81.3% year-on-year increase [1] - In Q1 2025, revenue reached 264 million yuan, a significant increase of 168.23% year-on-year, achieving a historical high for the same period [1] - The net loss for the company narrowed by 37.9% year-on-year, indicating improved financial performance [1] Business Segments - The company is positioned as an edge AI enterprise with two main technology platforms: large models and AI chips, catering to consumer, enterprise, and industry-level applications [2] - In the consumer segment, the company successfully entered the supply chains of major brands, with over 30 million units shipped in 2024 [2] - The company launched AI educational hardware for children and collaborated on the first domestically produced AI glasses [2] - In the enterprise segment, the company provides computing power solutions using self-developed AI chips, which are adaptable to various scenarios [2][4] - The company signed an agreement to provide AI training and inference services with a total computing power of approximately 4000 PFLOPS, expected to contribute around 1.6 billion yuan in revenue over three years [3] Future Outlook - The company anticipates explosive growth in the smart hardware sector and increasing demand for inference computing power as AI technology scales [4] - The self-developed AI chips are designed to support large models efficiently and are integrated with various operating systems and hardware [4][6] - The company aims to enhance its core technology platform for algorithm chip integration, focusing on standardization and large-scale application of AI by 2025 [5][6]