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class=\"stheadline-lead-image\">\u003Cimg alt=\"DeepSeek创始人梁文锋在技术发布会上介绍AI模型\" src=\"https:\u002F\u002Foss.articledatacenter.com\u002Fadc\u002Fmedia\u002F50\u002Fadcimg_01kxjhwwm7avcfbdjp3v01a5cj.png\">\u003Cfigcaption>DeepSeek近期完成70亿美元融资后，正加速推进上市计划\u003C\u002Ffigcaption>\u003C\u002Ffigure>\u003Ch2>上市筹备全面启动\u003C\u002Fh2>\u003Cp>据知情人士透露，DeepSeek目前已与多家会计师事务所及投行机构展开合作，全力推进财务审计工作。公司计划在12月底前完成财务报告编制，具体上市申请时间将根据报告准备进度，可能在今年年底或2027年初正式递交。\u003C\u002Fp>\u003Cp>\u003Cstrong>值得注意的是\u003C\u002Fstrong>，相关计划仍需视市场环境及公司业绩表现而定，存在调整可能性。截至发稿时，DeepSeek官方未对彭博社的置评请求作出回应。\u003C\u002Fp>\u003Ch2>融资估值创新高\u003C\u002Fh2>\u003Cp>在上市筹备期间，DeepSeek同步推进新一轮私募融资。消息显示，本轮融资目标投前估值至少达4800亿元人民币（约710亿美元），较今年6月完成的500亿美元首轮外部融资估值实现显著提升。\u003C\u002Fp>\u003Cblockquote>\"公司通过持续优化计算基础设施，已实现用更少芯片处理更多AI查询请求，这是保持高毛利率的关键因素\"——知情人士透露\u003C\u002Fblockquote>\u003Ch2>商业模式与财务表现\u003C\u002Fh2>\u003Cp>财务数据显示，DeepSeek近期年度经常性收入（ARR）已达4-5亿美元规模，主要来源于企业客户通过API购买其AI模型云端访问服务。公司最新旗舰模型V4的API访问权限销售业务，毛利率稳定维持在50%以上。\u003C\u002Fp>\u003Cp>值得注意的是，尽管DeepSeek的API定价显著低于OpenAI、Anthropic等国际竞争对手，但其通过技术创新实现的成本优化，仍支撑了可观的利润空间。若按740亿美元估值及5亿美元年化收入计算，当前融资估值对应市销率约148倍，明显高于多数美国AI初创企业水平。\u003C\u002Fp>\u003Ch2>资金用途明确\u003C\u002Fh2>\u003Cp>DeepSeek本轮计划募集至少100亿元人民币，最终规模可能根据投资者认购情况扩大数倍。公司数周前刚完成创纪录的70亿美元融资，腾讯、宁德时代等产业巨头参与投资。\u003C\u002Fp>\u003Cp>据管理层向投资者披露，新募资金将优先用于\u003Cstrong>算力基础设施扩建\u003C\u002Fstrong>，以支持日益增长的模型训练和AI服务需求。在全球AI实验室竞相争夺计算资源的背景下，这一战略部署显得尤为重要。\u003C\u002Fp>\u003Ch2>长期战略定位\u003C\u002Fh2>\u003Cp>公司创始人梁文锋在近期投资者会议上明确表示，DeepSeek将继续坚持\"研究优先\"的发展路径，重点投入突破性AI技术研发，而非短期商业化变现。这一战略定位与公司持续推进开源模型开发、追求通用人工智能（AGI）的长期目标相契合。\u003C\u002Fp>\u003Cp>分析人士指出，在AI行业竞争日趋激烈的市场环境下，DeepSeek能否凭借技术优势维持高估值，并顺利完成上市计划，将成为观察中国AI产业发展的重要风向标。\u003C\u002Fp>","https:\u002F\u002Foss.articledatacenter.com\u002Fadc\u002Fmedia\u002F50\u002Fadcimg_01kxjhwwm7avcfbdjp3v01a5cj.png",[93],{"file":94,"path":95,"source_url":96},"001.png","D:\\ruanjiananzhuang\\laragon\\www\\article-data-center\\storage\\app\u002Fcrawler\u002Farticles\\stheadline\\c1\\c10b27272db420afc785a7e64a0d1033\\images\\001.png","https:\u002F\u002Fimage.hkhl.hk\u002Ff\u002F1024p0\u002F0x0\u002Flr\u002Fsthl_square\u002F26bee41e55623d651cbb5fb61db788ef\u002F2026-07\u002FKF_-_2026-07-15T101102_594.png",{"id":49,"code":50,"name":51,"slug":50,"canonical_code":50},[99,100,101,102,103],"人工智能","IPO","科技创新","投融资","算力基础设施",[],{"title":106,"description":107,"robots":14,"canonical_path":87},"DeepSeek拟年底递交A股上市申请｜估值或达4800亿元","中国AI企业DeepSeek启动IPO筹备，计划年底递交A股申请，目标估值4800亿元。公司同时推进新一轮融资，资金将重点投入算力基础设施建设。","2026-07-15T20:23:31+08:00",1784218356183]