脑动极光-B2025年中期报告

2467233839404244456667 #4-210, Governors Sq.23 Lime Tree Bay AvenuePO Box 32311Grand Cayman KY1-1209Cayman Islands 2025619 Deng Feng ICS Corporate Services (Cayman) Limited Palm Grove Unit 4265 Smith Road, George TownP.O. Box 52A Edgewater Way, #1653Grand Cayman KY1-9006Cayman Islands 23131301 33191910 133 1617 86 364 •8835 202518 66nao.cn 2025AI 1. 1 20262026 64920242026 3 2026 4(ADHD) (ADHD)BMC Medicine 124ADHD823.3%34.6%18.0%34.6%21.5%34.3%ADHDADHD 2.AI (1)ImproveDecoding Factuality by Token-wise Cross Layer Entropy of LargeLanguageModelsNorthAmerican Chapter of the Association for Computational Linguistics(NAACL2025)NAACL (2)BrainAuGPTGBRBrainAuGPTBrainAu Onebox M12025 3. 202463051.892025630100.0548.1692.81% I. AIA 30200 II. A. 2018920206202020235202020232020 DNNDNNDNN300DNN B. BCATSASDSS BCAT BCAT202210BCAT2022BCAT2025BCAT SAS SAS202212SAS2022SAS2025SAS DSS DSS20239DSSDSS2025 1.2. 202520252026 2026 2022722CE2026510(k) III. A. 12829(i)(ii)(iii) B. ISO13485 C. (i)(ii)(iii)(iv)(v) IV. 202463051.892025630100.0548.1692.81% (i)(ii)(iii)(iv)AI(v)(i)20241862025630205(ii)20241,800,00020256302,595,554(iii)7,397202563012,915 202463027.37202563059.20116.30%(i)12.85(ii)20241072025630138(iii)AI23.01 202463024.52202563040.8566.60% (i)(ii)(iii)(iv) 20246300.5820256307.281,155.17%202520245.94 20246302.142025630(4.42)306.54%20253.261.26 20246300.242025630100% (i)(ii)(iii)(iv)(v) 202463025.38202563030.4519.98% (i)(ii)(iii)(iv)(v)(vi)(vii) 202463028.14202563046.0163.50%(i)6.45(ii)3.46(iii)1.63 (i)(ii)(iii)(iv) 202463064.23202563068.156.10%(i)2.23(ii)1.20(iii)0.414.17%(iv)2.2549.40%0.84 (1) (i)(ii)(iii) 202463010.90202563011.989.82% 2025630126.882024630114.39 2025630 2025630670.14287.92382.222024630279.862025630287.922.88% 2025630275.3334.4713.61143.1074.347.22 2025630143.10202463016.132.08%3.40% 20256302024630 (1)(2)(3) 2025630 (i)(ii)(iii)202563021.55202463010.27(i)3.16(ii)5.27(iii)9.1720256300.51 2025630 202563017420256302024630 202563081.65202463071.78 202373020241230 C3 20251820256302025182025630 20251820256302025630 2025630202518 20256302025630• 20256302024630 25 202533120254220254330 2025513152025630151,012,000109 2025630 202563058.03%2024630 V. • ••• •••••• 2024 20251902621 202413.51B(1) 2025630XV(a)XV78(b)352(c) (1)(i)ZTanLimited275,468,000(ii)HealthbloomingLimitedHealthblooming Limited99,104,00027,129,000(2)DengFengNorthernLight Strategic Fund IV L.P.Northern Light Venture Fund IV L.P.NorthernLightPartners Fund IV L.P.126,854,000(3)Crusky Limited123,527,000(4)L(5)20256301,266,278,000 (1)161,653 2025630XVXV78352 2025630XV23336 (1)L(2)20256301,266,278,000(3)ZTan LimitedZTan Limited (4)Healthblooming LimitedHealthblooming Limited(5)27,129,000(6)Wispirits LimitedWispirits LimitedWiseforwardLimitedWiseforward LimitedWiseforward LimitedNeurobrightLimited32.82%Neurobright LimitedNeurobrightLimitedNeurobright Limited(7)26,946,000(8)Northern Light Strategic Fund IV L.P.NLSFNLVFNorthern Light Partners Fund IV L.P.NLPFNLPartners NL PartnersNorthern Light Venture Capital IV, Ltd.Deng FengNL PartnersNorthern Light Venture Capital IV, Ltd.Deng FengNLSFNLVFNLPF(9)CruskyLimitedCruskyLimited(10)Healthblooming Limited39.96%Healthblooming LimitedHealthblooming Limited(11)WisdomspiritHolding LimitedWisdomspiritHoldingLimited(12)5.57%99.99995%(i)50%(ii)44%90%(13) (1)(i)85%(ii)15%14A.09 (2)(i)80%(ii)20%14A.09(3)(i)70%(ii)30%14A.09(4)20235222025630(i)80%(ii)50%50%20%14A.09(5)(i)70%(ii)30%14A.09 2025630336 20251820256302025630 202373017WisdomspiritHoldingLimited (a) (i)(ii) (b) (c) (10) (d) WisdomspiritHoldingLimitedHoldCo85,166,0006.73% (e) (f) (g) (i)30%(ii)30%(iii)40% (i)(ii) HoldCoHoldCo(iii)(a)(b)(c)(10)HoldCo(10) HoldCo (i)(ii)(iii) (h) HoldCo (i)(ii)(iii)(iv)(v) (i) 17.12 (1)(2)1,000(3)(i)30%(ii)30%(iii)40% 501.3 20256302025630 C1 2025182025630 C32025182025630 2025182025630 2025630 66nao.cn 腦動極光醫療科技有限公司 2025926 腦動極光醫療科技有限公司 3965腦動極光醫療科技有限公司2025630343434 2410 34 • 2025828 2025630 i.2023ii.iii.2 0 2 3828 5 , 1 6 6W i s d o m s p i r i tH o l d i n g L i m i t e dHoldCo22HoldCoHoldCo1HoldCoHoldCo 2025630 1. 2023425165#4-210, Governors Sq., 23 Lime Tree Bay Avenue, PO Box 32311, Grand CaymanKY1-1209,Cayman Islands135A 202518 2. 34 3. 202563020241231 202511 21 4. 2025630 4. (i) 2025202463063076,90341,24923,14810,638100,05151,887100,05151,887 (ii) 8 4. (ii) 20256302024123142,14844,4998,0684,08250,21648,581 5. 6,3173785954556150349– 7,281582 7. 8. 20191220221220251220191220251215%201876201811510201410 9. 10. 11. 202563021202511HoldCo 2025630 11. 202463021202411A-120HoldCo 20252024630 12. 235,273,0002024630 202541,060,0008,690,0008,874,000876,00020246301,408,0001,415,0007,000 13. 5,189,0004,245,0002024630267,000 2025630 14. 30180 202563095,288,0002024123178,845,00065,978,0002024123151,094,00090 15. 9 16. 20256304.23%14,000,000100,220,00019