Shanghai Enflame Technology Co.
688801.SS
Shanghai Stock Exchange420.40
CNY
-20.80
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Shanghai Enflame Technology Co.
688801.SS
(Shanghai Stock Exchange)
Recent
price
420.40
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Shanghai Enflame Technology Co., Ltd. develops cloud and data-center artificial intelligence chips and related hardware and software, including AI chips; accelerator cards and modules; intelligent-computing systems and clusters; and AI computing and programming software platforms, serving cloud computing, large-model training, inference, and enterprise AI workloads. Founded in March 2018 and headquartered in Shanghai, China, the company operates as a fabless semiconductor designer backed by Tencent and focuses on domestic high-performance compute infrastructure for hyperscale and data-center customers. Its product portfolio has expanded through four generations of architecture and five cloud AI chips, with offerings that include training and inference accelerators, cluster systems, and software tools designed to support model migration and deployment. In 2026, the company completed its Shanghai STAR Market initial public offering, raising about 6.12 billion yuan and debuting as one of China’s closely watched AI chip listings; the offering followed regulatory approval in June 2026 and reflected continued expansion of its capital base and manufacturing footprint. Recent corporate developments also include the establishment of a Chengdu subsidiary with a business scope covering integrated-circuit design and sales, AI hardware and software development, and related services. Revenue rose to 990.2 million yuan in 2025 from 722 million yuan in 2024, while net loss narrowed to 1.16 billion yuan, and Tencent remained its largest customer, accounting for 83.79% of 2025 revenue.