New Stock News | Intellifusion updates its prospectus, focusing on the research, design, and commercialization of AI inference chips

According to the Hong Kong Stock Exchange's disclosure on August 25, Shenzhen Intellifusion Technology Co., Ltd. (abbreviated as: Intellifusion (688343.SH)) updated its prospectus, with Huatai International, CITIC Securities, and CMB International as joint sponsors. The prospectus shows that Intellifusion 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, launching industry-leading NPU-driven AI inference chip-related products and services aimed at enterprise-level, consumer-level, and industry-level application scenarios, successfully creating a complete closed loop from AI inference infrastructure construction to product design, development, and commercialization, achieving rapid migration of AI across diverse scenarios. According to a report by ZhiShi Consulting, based on the relevant revenue statistics for the Chinese market in 2024, the company ranks among the top three industry-leading providers of all-scenario AI inference chip-related products and services. According to the same source, based on the relevant revenue statistics for the Chinese market in 2024, the company also ranks among the top two providers of NPU-driven AI inference chip-related products and services in China. Intellifusion's IFIC foundation has the capability of algorithm chipification. Through a deep understanding of application scenarios and algorithm development, the company has created optimized chips using a collaboratively designed instruction set, chip architecture, and toolchain to achieve more efficient multi-scenario applications. With this capability, we have developed (1) the company's NPU product Nova; (2) AI inference chips (including main products DeepEye and DeepEdge, as well as major research products DeepVerse and DeepXBot) and the Hy3CAN hardware enabling tool and IFIE software platform that support the operation of AI inference chips; and (3) the IFMind large model, which together form the foundation of the company's products and services. Intellifusion builds Nova based on the IFIC foundation to provide high-performance, cost-effective inference capabilities. Based on Nova, the company has launched an AI inference chip that is scalable and applicable to edge-cloud environments. The company's Hy3CAN serves as a hardware enabling tool, providing a unified programming interface to invoke chip capabilities. The company's IFIE serves as a software development toolkit, providing a controllable development environment for large model applications and AI inference deployment. With the help of Hy3CAN and IFIE, the company's IFMind large model can perform visual, text, and language analysis. According to the ZhiShi Consulting report, the industry of AI inference chip-related products and services in China is in a rapid growth phase, with the market size growing from RMB 11.3 billion in 2020 to RMB 162.6 billion in 2024, a compound annual growth rate of 94.9%. It is expected to grow at a compound annual growth rate of 53.4% from 2024 to 2029, reaching RMB 1,383 billion by 2029 AI inference chips empower diversified application scenarios. The demand for domestically produced high-performance inference computing power from cloud service providers, AI companies, telecom operators, and electronic manufacturers is increasing day by day. AI and large models are also redefining smart devices in the consumer electronics industry. Large models are catalyzing two parallel hardware evolution paths, including (1) AI-native products, a new category of products rapidly developed by AI; and (2) AI-enabled products, which are products upgraded and transformed by integrating AI capabilities into existing products. Meanwhile, large-scale smart infrastructure projects such as smart public transport, smart city governance, smart parks, and smart emergency response are upgrading computing power, creating new opportunities for the application of AI inference chips. In terms of finance, for the fiscal years 2022, 2023, 2024, and the three months ending March 31, 2024, and 2025, Intellifusion achieved revenues of approximately RMB 546 million, RMB 506 million, RMB 917 million, RMB 98.448 million, and RMB 264 million, respectively; during the same period, the losses were approximately RMB 448 million, RMB 384 million, RMB 572 million, RMB 138 million, and RMB 85.801 million, respectively.