Chip developer Shanghai Biren climbs on robust earnings estimates

Shanghai Biren Technology

17/08/2026 04:23

** Shares of Shanghai Biren Technology 6082.HK climb 5.1% to HK$38.3, on course for biggest one-day pct gain since August 7
** Stock on track to snap two sessions of falls
** GPGPU chip developer expects first-half revenue to jump to 1.15 billion yuan-1.3 billion yuan ($170.60 million-$192.85 million) from 58.9 million yuan a year earlier 
** Co expects net loss to narrow to 320 million yuan-400 million yuan from 1.6 bln yuan 
** Says revenue growth due to rapid development of AI industry, with fast-growing adoption of application scenarios such as AI coding, long-horizon AI Agent tasks and generative AI fuelling strong demand for GPGPU intelligent computing solutions
** Since debut on January 2, stock up 93.6% from offer price of HK$19.60 each
** YTD, Hang Seng TECH Index .HSI down 13%

($1 = 6.7410 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))