🐲One of the “Domestic GPU Four Little Dragons,” the CSRC approves Suiyuan Technology’s STAR Market IPO registration application

July 9 news: the CSRC today issued a decision agreeing to register the initial public offering of shares by Shanghai Suiyuan Technology Co., Ltd., approving the company’s registration application for listing on the STAR Market.
Suiyuan Technology, together with Moore Threads, Muxi Inc., and Biren Technology, is collectively known as the “Domestic GPU Four Little Dragons.” According to the prospectus, Suiyuan Technology plans to raise 6 billion yuan in this IPO, to fund R&D and industrialization projects based on the fifth-generation AI chip series, R&D and industrialization projects based on the sixth-generation AI chip series, and an advanced artificial intelligence software-hardware collaborative innovation project.
Suiyuan Technology expects that its operating revenue from January to June 2026 will show a significant year-on-year growth trend, and it expects to achieve the full-year revenue scale of 2025 as early as the first half of 2026.