Suiyuan Technology Launches Online Subscription on STAR Market of Shanghai Stock Exchange on September 2
Suiyuan Technology will launch its online subscription on the STAR Market of the Shanghai Stock Exchange on September 2, with stock code 688801 and online subscription code 787801. The company plans to issue approximately 43.04 million shares, accounting for 10% of the total share capital after issuance, raising 6 billion yuan for the research and development of fifth and sixth generation AI chips and collaborative projects in artificial intelligence hardware and software. Suiyuan Technology is known as one of the "Four Little Dragons of Domestic GPUs" alongside Moore Threads, Muxi Co., and Birun Technology, with the other three companies having already gone public, achieving closing price increases of 425.46%, 692.95%, and 75.82% on their first trading days, respectively. Suiyuan Technology's projected revenues for 2023, 2024, and 2025 are 301 million, 722 million, and 990 million yuan, respectively, with a compound annual growth rate of 81.32% over three years.
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