Suiyuan Technology will start its online subscription on Shanghai's STAR Market on Sept 2, according to China Central Television via ChainCatcher. The company, trading under code 688801 with subscription code 787801, plans to issue about 43.04 million shares, representing 10% of post-issuance total share capital, to raise 6 billion yuan for fifth- and sixth-generation AI chip R&D and AI software-hardware collaboration projects. Suiyuan is part of the "Big Four Domestic GPU" group alongside Moore Threads, Muxi, and Biren, all of which have already gone public with first-day gains of 425.46%, 692.95%, and 75.82%, respectively. Its revenue rose from 301 million yuan in 2023 to 990 million yuan in 2025, a three-year compound growth rate of 81.32%.
Suiyuan Technology is set to launch its online subscription on Shanghai's STAR Market on Sept 2, according to China Central Television as reported by ChainCatcher. The stock code is 688801, with an online subscription code of 787801.
The company plans to issue approximately 43.04 million shares, accounting for 10% of the total share capital after issuance. The offering is expected to raise 6 billion yuan, which will be directed toward R&D for fifth- and sixth-generation AI chips, as well as artificial intelligence software-hardware collaboration projects.
Suiyuan is regarded as one of China's “Big Four Domestic GPU” companies, alongside Moore Threads, Muxi, and Biren. The other three have already listed, posting first-day closing gains of 425.46%, 692.95%, and 75.82%, respectively.
Financially, Suiyuan generated revenue of 301 million yuan in 2023, 722 million yuan in 2024, and 990 million yuan in 2025, representing a three-year compound growth rate of 81.32%.
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