Shanghai Biren Technology (6082) investor relations material

Executive summary

• Revenue surged 1,997.6% year-over-year to RMB1,235.5 million, driven by strong demand for intelligent computing and GPGPU solutions, large-scale shipments, and customer base expansion.

• Gross profit rose 2,708.5% to RMB527.1 million, with gross margin expanding to 42.7%, up 1,080 bps year-over-year.

• Loss for the period narrowed by 76.4% to RMB377.2 million; adjusted loss (non-IFRS) reduced by 38.9% to RMB337.2 million.

• Major capital raise post-period: HK$7.04 billion from H share placement to support R&D, supply chain resilience, and strategic investments.

• Significant progress in commercialization, product development, and mass production, with landmark deployments in AI data centers and SuperPod solutions.

Financial highlights

• Revenue: RMB1,235.5 million (up 1,997.6% YoY).

• Gross profit: RMB527.1 million (up 2,708.5% YoY); gross margin: 42.7%.

• R&D expenses: RMB804.4 million (up 40.7% YoY).

• Loss for the period: RMB377.2 million (down 76.4% YoY).

• Adjusted loss (non-IFRS): RMB337.2 million (down 38.9% YoY).

• Finance income (net): RMB19.9 million vs. finance cost (net) of RMB1,008.2 million prior year, due to derecognition of redemption liabilities.

• Liquidity: RMB6,147.2 million as of June 30, 2026.

Outlook and guidance

• Focus on accelerating production and delivery of next-gen products, advancing co-design across chips, software, and systems.

• Continued investment in advanced packaging, 3D IC, and optical interconnect SuperPod systems.

• Deepening collaboration with leading customers and ecosystem partners to expand addressable market.

• Management expects robust demand for GPGPU solutions to persist, driven by AI model advancements and industry digitalization.

• Management confident in capturing opportunities for high-quality, sustainable growth.