New Stock News | Cloud Sky Inspire Flying (688343.SH) submits documents to Hong Kong Stock Exchange as a leading provider of full-scene AI inference chips in the industry.

According to the disclosure on July 30th by the Hong Kong Stock Exchange, YunTianLiFei (688343.SH) submitted a listing application to the main board of the Hong Kong Stock Exchange, with Huatai International, CITIC SEC, and Zhongyin International as its joint sponsors. The prospectus shows that YunTianLiFei is a leading artificial intelligence (AI) company in China, focusing on the research, design, and commercialization of AI inference chips. The company integrates a deep understanding of AI algorithms and practical application scenarios into powerful and cost-effective applications that use AI inference computing. It has launched industry-leading NPU-driven AI inference chip products and services for enterprise, consumer, and industry-level applications. It has successfully established a complete closed-loop from building AI inference infrastructure to product design, development, and commercialization, enabling rapid migration of AI in diverse scenarios. In terms of the industry, according to a report by Torch Insight, the Chinese AI inference chip products and services industry is in a rapid growth stage. The market size is expected to grow from 113 billion RMB in 2020 to 1,626 billion RMB in 2024, with a compound annual growth rate of 94.9%. It is projected to grow at a compound annual growth rate of 53.4% from 2024 to 2029, reaching 13,830 billion RMB in 2029. According to Torch Insight, based on the revenue statistics related to the Chinese market in 2024, YunTianLiFei is among the top three industry-leading providers of comprehensive AI inference chip products and services. Similarly, based on the same data source, in the revenue statistics related to the Chinese market in 2024, YunTianLiFei ranks among the top two NPU-driven AI inference chip product and service providers in China. YunTianLiFei's IFIC base has the ability to algorithmically chip. Through a deep understanding of application scenarios and algorithm development, the company uses a collaborative design instruction set, chip architecture, and toolchain to create optimized chips, achieving more efficient multi-scenario applications. With this capability, YunTianLiFei has developed NPU product Nova; AI inference chips (including main products DeepEye and DeepEdge, as well as main products in research DeepVerse and DeepXBot) and support for AI inference chips running Hy3 CAN hardware enabling tools, IFIE software platform, and IFMind large model base. YunTianLiFei built Nova on the IFIC base to provide high-performance, cost-effective inference capability. Based on Nova, the company has launched AI inference chips that are scalable and applicable to edge cloud. YunTianLiFei's Hy3 CAN as a hardware enabling tool provides a unified programming interface to call chip capabilities. YunTianLiFei's IFIE, as a software development toolkit, provides an autonomous and controllable development environment for large model applications and AI inference deployments. Using Hy3 CAN and IFIE, the company's IFMind large model can perform visual, text, and language analysis. In terms of finances, for the years ending in 2022, 2023, 2024, and the three months ending March 31, 2025, YunTianLiFei achieved revenues of approximately 546 million RMB, 506 million RMB, 917 million RMB, and 264 million RMB respectively. During the same period, gross profits were approximately 174 million RMB, 119 million RMB, 192 million RMB, and 76.03 million RMB respectively.