刚刚 暴涨超118%！
Zhong Guo Ji Jin Bao·2026-01-02 02:41

Core Viewpoint - Wallan Technology, a Chinese high-performance general-purpose computing chip company, made its debut on the Hong Kong Stock Exchange, experiencing a significant price surge of over 118% on its first trading day [1][3]. Group 1: Company Overview - Wallan Technology was established in 2019 and is headquartered in Shanghai, focusing on the development of general-purpose GPUs and AI acceleration chips [3][4]. - The company aims to provide computing power solutions for AI training, inference, and high-performance computing [3]. Group 2: IPO Details - Wallan Technology's IPO was priced at HKD 19.60 per share, raising approximately HKD 55.83 billion, marking the largest fundraising project since the implementation of Chapter 18C of Hong Kong's listing rules [3][4]. - The public offering attracted 471,000 subscriptions, making it the most sought-after new stock by retail investors in the past year [3]. Group 3: Market Position and Projections - As of 2024, Wallan Technology holds a market share of 0.16% in China's intelligent computing chip market and 0.20% in the GPGPU market [3]. - The Chinese intelligent computing chip market is projected to reach USD 50.4 billion by 2025, with Wallan Technology aiming for approximately 0.2% market share [3]. Group 4: Financial Performance - Wallan Technology's revenue for 2022, 2023, and 2024 is reported at RMB 0.5 million, RMB 62.03 million, and RMB 337 million, respectively, with adjusted net losses of RMB 1.038 billion, RMB 1.051 billion, and RMB 767 million [7]. - In the first half of 2025, the company reported revenue of RMB 58.9 million and an adjusted net loss of RMB 552 million [7]. Group 5: Research and Development - As of June 30, 2025, Wallan Technology has submitted 1,158 self-developed invention patent applications globally, ranking first among Chinese GPGPU companies [7]. - The company plans to allocate 85% of the raised funds for R&D of intelligent computing solutions, 5% for commercialization, and 10% for working capital and other general corporate purposes [7][6].