证券日报网讯 12月30日，星环科技在互动平台回答投资者提问时表示，公司大数据基础平台和分布式 数据库已助力金融、能源、交通、制造等多个行业的客户实现了数据分析场景中对于Oracle等传统关系 型数据库的替代，且公司的多模型数据底座能够在一个平台上支持十一种数据模型，符合AI时代下为 AI供数的需求，为应用和AI模型提供多种数据模型的数据集。除了数据基础设施，公司亦提供AI基础 设施，其中Sophon为企业级人工智能开发和管理平台，能支持AI模型和应用开发的全生命周期；TKH 为企业级知识管理和知识应用构建平台，该平台可将结构化、半结构化和非结构化的企业数据转化为智 能、可查询的知识资产，并允许用户使用自然语言访问和分析这些数据和知识。公司当前还是致力于轻 资产模式发展，同时和主流CPU和GPU厂商积极适配、研发大数据及AI软硬一体机以应对客户的需 求。 （文章来源：证券日报） ...

Core Insights - The article discusses the emergence of Xinghuan Technology as a significant player in the big data and AI infrastructure market, highlighting its IPO attempt and its position as the largest pure AI infrastructure software provider in China by 2024 [1][2]. Company Overview - Xinghuan Technology, founded by Sun Yuanhao, focuses on big data infrastructure software and has transitioned into AI solutions, launching its AI platform, Sophon, in 2018 [4]. - The company went public on the Shanghai Stock Exchange in October 2022, marking it as the first domestic big data infrastructure software stock [4]. Industry Context - The big data software industry has evolved through several stages: traditional databases, big data era, and currently the AI infrastructure era, which began in the mid-2010s and accelerated in 2022 [5][6]. - The Chinese big data software market is projected to reach 49.2 billion yuan by 2024, with a compound annual growth rate (CAGR) of 27.5% from 2019 to 2024 [15]. Solutions Offered - Xinghuan Technology addresses key pain points in data management, such as data disorganization, processing capacity, and the need for AI integration [2]. - The company provides solutions that streamline data usage across departments, enhance data storage and processing efficiency, and facilitate AI model training [2]. Opportunities in AI - The integration of large models in AI presents several opportunities: 1. Reducing development costs by allowing users to create data processing workflows using natural language commands [8]. 2. Enhancing search functionalities through natural language queries for historical data [10]. 3. Training specialized models in sectors like healthcare using unstructured data [11]. 4. Empowering client businesses by processing vast amounts of unstructured data for decision-making [13][14]. Competitive Landscape - The AI infrastructure software market in China is characterized by low concentration, with no absolute CR5 monopoly, and features competition among established players like Huawei Cloud and Alibaba Cloud, as well as emerging startups [15]. - According to Frost & Sullivan, Xinghuan Technology ranks fifth in the AI infrastructure software market in China by 2024, while being the largest pure software service provider [15]. Financial Performance - Financial data indicates that Xinghuan Technology's revenue grew from 373 million yuan in 2022 to 491 million yuan in 2023, although losses increased from 272 million yuan to 289 million yuan during the same period [15].