Suiruan Technology Debuts on Shanghai's Sci-Tech Innovation Board with Significant Gains

Suiruan Technology, a domestic cloud AI chip manufacturer, officially began trading on the Sci-Tech Innovation Board of the Shanghai Stock Exchange on September 11, 2026. The company issued shares at a price of 142.18 yuan each, and as of the latest trading data, the stock has surged to 418 yuan, marking an increase of 193.99%. The trading volume reached 3.404 billion yuan, with a turnover rate of 44.82%.

The stock experienced notable fluctuations during the day, hitting an intraday high of 475 yuan and a low of 407 yuan, resulting in a total market capitalization of approximately 179.887 billion yuan. Suiruan Technology, founded in March 2018, has developed a proprietary DSA architecture and has released four generations of AI chip architectures, including five distinct cloud AI chips and intelligent computing systems.

Revenue projections for Suiruan Technology indicate significant growth, with expected revenues of 301 million yuan, 722 million yuan, and 990 million yuan from 2023 to 2025. For the first half of 2026, the company anticipates revenue of 1.12 billion yuan, reflecting a year-on-year increase of 279.08%. Tencent is the largest external shareholder, owning 20.26% of the company and accounting for 83.79% of its sales revenue in 2025. The recent public offering involved 43.0352 million shares, raising approximately 6.119 billion yuan, which will be allocated to the development of fifth and sixth-generation AI chips.

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Source: KLEA News