Image source: Visual China

"the most powerful demon stock" * ST Zuojiang (rights protection)(300799.SZ) fell to another limit.

Following Wednesday's 20CM limit, on December 14, * ST Zuojiang fell by another 20CM, closing at 120.97 yuan, with a total transaction amount of only 8.5647 million yuan.

Since April 2022, when taking the DPU (Programmable Network Data Processing Chip) concept, * ST Zuojiang's share price has skyrocketed, rising from about 30 yuan/share to 299.8 yuan/share in July this year, up 899.33 percent, which is called "the most expensive ST share" by the market ".

and in the stock price soaring period, * ST Zuojiang has simultaneously experienced a loss of nearly 100 million in the first three quarters of 2023, the implementation of a delisting risk warning, the 2022 annual report was issued by an accounting firm with reservations, and the exchange issued 6 consecutive inquiry letters/concern letters.

on the evening of December 12, * ST Zuojiang, which had been postponed for many times, finally replied to the inquiry letter of Shenzhen stock exchange's third quarterly report. the stock price bubble inflated by DPU concept seemed to be clear. DPU chip has not yet achieved external sales

For the main logic "DPU chip" that has been hotly speculated in the market, * ST Zuojiang confirmed the DPU sales contract of 12.61 million yuan in January 2023. The counterparty is Beijing Haotian Xuhui Technology Co., Ltd. (hereinafter referred to as Haotian Xuhui). The transaction content is 400 "NE6000" series DPU chips. The transaction contract will be signed on December 27, 2022 and delivery will be completed on January 3, 2023.

but in * ST Zuojiang's reply announcement on December 12, the company's accountant said that whether the relevant sales can finally be confirmed in 2023 needs further judgment.

At the same time, * ST Zuojiang also indicated that Haotian Xuhui is not the end user of the product but a trade distributor. The end user of the transaction is Beijing Juxian Science and Technology Trading Company. The 400 NE6000 chips purchased by Juxian Science and Technology have been stored in warehouses, 20 are marketed by sales personnel, and the remaining 10 are developed and collected and have not yet been sold to the outside world.

titanium media App found through eye inspection that the legal representative of juxian technology and the legal representative of Beijing zuojiang technology co., ltd. have the same name and surname

Image Source: Eye Check

In addition, the announcement also shows that * ST Zuojiang's 51 million yuan contract with Xuhui Technology and Zhongyuan Time and Space disclosed in June 2023, after communicating with Zhongyuan Time and Space, except for some tested products, could not complete the delivery and acceptance of the server network card on Qingyang Project in 2023, thus unable to confirm the corresponding revenue in 2023.

As verified by the annual auditing accountant, the Company's revenue from DPU chip sales in the first three quarters of 2023 was not realized except for the aforementioned sales of Haotian Xuhui.

in the reply announcement, * ST Zuojiang said that due to the uncertainty of customers' acceptance of products, if more products fail to be delivered according to the company's plan, the company loses money in 2023 and the operating income is less than 0.1 billion yuan, the company's shares will have the risk of termination of listing and trading.

photo source: what is the magic of visual China DPU chip? What other enterprises are behind it?

DPU (Data Processing Chip DataProcessUnit) is considered to be the "third main chip" after CPU and GPU ".

Minsheng securities pointed out that the global and domestic DPU industries are expected to achieve rapid development thanks to the gradual maturity of the intelligent network card scheme, the steady growth of global general-purpose server shipments, the landing of technology for intelligent driving vehicles above L3 level, and the increase in demand in the field of industrial control.

according to CCID consultant's white paper on the development of China's DPU industry, the global DPU industry market size will reach 3.05 billion billion US dollars in 2020, and the global DPU industry market size is expected to exceed 24.53 billion US dollars by 2025, with a compound growth rate of 51.73. The market size of China's DPU industry will reach 0.39 billion billion yuan in 2020, and it is expected that the market size of China's DPU industry will exceed 56.59 billion billion yuan by 2025, with a compound growth rate of 170.6.

according to public information, titanium media App combed the list of domestic DPU concept key enterprises:

zhongke shuguang (603019.SH) rose and fell on December 14:-0.72 latest market value: 58.763 billion

Zhongke Shuguang is mainly engaged in the R & D and manufacturing of high-end computer, storage, security, and data center products, and vigorously develops digital infrastructure construction and intelligent computing.

the products of haiguang company, a joint-stock company of the company, include general-purpose processor (CPU) and coprocessor (DCU). haiguang DCU products are based on GPGPU architecture and are compatible with general-purpose CUDA-like environment, international mainstream commercial computing software and artificial intelligence software. they are rich in software and hardware ecology and can be widely used in big data processing, artificial intelligence, commercial computing and other application fields. details will pay attention to haiguang company's prospectus.

wave information (000977.SZ) December 14 rise and fall: 0.39 latest market value: 52.688 billion

Inspur Information is mainly engaged in the research and development, manufacturing and sales of servers and components. The raw materials are mainly chips, memory, hard disks, etc.

the company's participation in the enterprise cloud vein core joint's main products for the DPU track. Since its inception in 2021, the company has released a metaFusion series of DPU products for cloud computing scenarios and a metaConnect series of smart network card products featuring RDMA high-performance networks.

ZTE (000063.SZ) up and down on December 14: 1.82 latest market value: 117.758 billion

ZTE is mainly engaged in the design, development, production, distribution and installation of a series of information and communication technology (ICT) related systems, equipment and terminals.

the company has been laying out hardware acceleration products such as smart network cards and DPU since 2017. the first generation of ZXiNIC smart network cards will be launched in 2018, NEO 1.0 smart cloud cards will be launched in 2022, and NEO 2.0 smart cloud cards will be launched by the end of 2023. NEO Intelligent Cloud Card is a DPU-based soft-hard collaborative acceleration system independently developed by the company. It builds a new computing architecture centered on DPU. Through a programmable hardware acceleration engine, it realizes the unloading and acceleration of computing, network, storage and security, reduces the burden of CPU, improves the overall performance and security of the system, and can be widely used in network cloud, private cloud, public cloud and edge cloud scenarios. At present, the company's NEO smart cloud card has been widely used in operators and government-enterprise private clouds.

digital China (000034.SZ) rose and fell on December 14:-0.13 latest market value: 21.085 billion

Digital China is mainly engaged in cloud computing and digital transformation business, as well as IT distribution and value-added services business.

on the investor interaction platform, digital China said that it plans to build a xinchuang laboratory in the future, develop new DPU computing equipment, and develop the next generation IaaS platform and cloud native PaaS platform on this basis.

core shares (688521.SH) rose and fell on December 14:-1.22 latest market value: 27.455 billion

core original shares mainly rely on independent semiconductor IP, to provide customers with platform, all-round, one-stop chip customization services and semiconductor IP licensing services, business scope covers consumer electronics, automotive electronics, computer and peripheral, industrial, data processing, Internet of things and other industry applications.

the company has about 20 years of research and development experience Vivante GPU. based on the self-developed GPU IP and neural network processor NPU IP, it has also introduced an innovative AI GPU IP subsystem to meet the evolving application requirements of artificial intelligence. By coupling the core's original GPU and NPU natively, the IP subsystem uses the core's unique FLEXA low-power low-latency synchronous interface communication technology to achieve efficient collaborative computing and parallel processing between the two. (This article started on Titanium Media App, by Ren Minmin)