Suzhou Denglin Technology Co., Ltd.
苏州登临科技股份有限公司
09917.HK
Develops and sells general-purpose GPU chips for enterprise AI computing in China, based on its proprietary GPU+ (Minsky) architecture, and provides scenario-optimized computing platforms and solutions. Was the third largest player in China's enterprise AI GPGPU market with 1.0% share in 2025, per Frost & Sullivan.
Filings
The documents are on HKEXnews; we link to the originals.
Key figures
Latest period: 4M2026 (to 2026-04-30). As printed in the filing; the full track record is in the company overview.
- Revenue
- RMB200.4 million
- Gross margin
- 50.9%
- Net profit (loss)
- RMB-16.5 million
Matters the filing discloses
From the company’s latest filing; open a kind of matter to see how other companies disclosed it.
- Lease registration and filing not completed for two leased properties
- Revenue from the five largest customers accounted for over 80% during the Track Record Period
- Purchases from the five largest suppliers accounted for up to 83.1%
- Supplier B controlled by the Controlling Shareholders was formerly one of the five largest suppliers
- Customer A was the sole distributor during the Track Record Period
- Substantial increase in DRAM procurement prices pushed up cost of sales
- Increase in proportion of technical service revenue in 2025 is transitional in nature
- Completion of supply chain shift to domestic suppliers in 2025
- Wafer capacity reservation agreements securing capacity up to the end of 2027
- Confirmed orders and intended orders support 2026 revenue
- Seasonal fluctuations in revenue with the first quarter being the low season
- Net loss narrowed during the Track Record Period but losses expected in 2026
- Net current liabilities as at the end of 2023 and 2024
- Continuing cash outflows from operating activities
- Cash burn rate and cash sufficient to support approximately 44.9 to 88.8 months
- Inventories increased to RMB147.2 million and inventory turnover days declined significantly
- Impairment testing of non-current assets in 2023 and 2024
- Special rights of Pre-IPO Investors and related accounting treatment
- Adjusted net loss (non-HKFRS measure)
- Impact of share-based payment expenses on results
- Chapter 18C pre-commercialisation company and commercialisation path
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