9903 IPO | DayDigital Intellectual Core Launches IPO, General GPU Chips and AI Powerpoint Solutions Provider

Futu InformationNewsDecember 30th Newsletter, $ Daytime Intellectual Core (09903.HK) $ The announcement was made that the Company intends to offer approximately 37.4195 million shares worldwide at the IPO on December 30-January 5, which is expected to be listed on January 8, 2026.

Company Profile

Digital Chips provide common GPU products and AI solutions for different Industries. The company's product portfolio includes general-purpose GPU chips and accelerator cards, and custom AI computing solutions (including Universal GPU Servers and Arrays), GPUs, and Smart Grids series, while accommodating the domestic and foreign mainstream AI ecosystem and various deep learning frameworks.

General GPU product shipments for digital chips will increase from 7.8 chips in 2022 to 12.7 in 2023, to 16.8 in 2024, and 4.8 chips for 6 months from June 2020 to 15.7 chips for 6 months from June 2020. The total number of customers increased from 22 in 2022 to 65 in 2023, a further increase to 181 in 2024 and 81 for the 6 months ending June 2020 to 106 for the 6 months ending June 2020. As of 30 June 2025, TianDigital has served more than 290 customers from different Industries.

Financial Overview

In terms of financial situation, the daily IQ for 2022, 2023, 2024 and the six months ended June 30, 2024 and 2025 was RMB 0.189 billion, RMB 0.289 billion, RMB 0.54 billion, RMB 0.197 billion and RMB 0.324 billion, respectively.

Data Source:TianQi Intellectual Stock Offering

Cornerstone Investors

The Keystone investor has agreed to subscribe or induce the relevant number of shares to be purchased at the offering price by its designated entity under certain conditions. Based on the offering price of HK$144.60, the total number of shares subscribed for will be 10.9403 million shares. Cornerstone investors include:

CHINA KEY PRESS RELEASE (Hong Kong), XN Mountain, Wind Sabre Fund SPC, UBS AM Singapore, China China Investment (Hong Kong), Qin Wan, OCM, Ocean Fine Industrial, Thailand Overseas Term - Trust Funds Management, Type 4, Anchor International, Duckling Fund, DeepRoot Alpha, Foreign Exchange (Hong Kong), China Eastern International、China AMC (Hong Kong)、China Stock Exchange、 MINGYAMA CAPITAL.

Funding Purposes

In terms of financing purposes, TianQi expects net proceeds from global sales to be approximately HK$3.4786 billion (assuming no overallotment option is exercised at an offer price of HK$144.6 billion). According to the prospectus, TianQiu Chi Si intends to use the global IPO for the following purposes:

Approximately 80.0% will be used for R&D products and solutions; approximately 10.0% will be used for sales and marketing over the next five years; approximately 10.0% will be used for working capital and general corporate purposes.

Read more:TianQi Intellectual Stock Offering

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