Overview
- Yiswei Computing went public on the Hong Kong Exchange on October 9, 2026, opening at about HK$1.54 per share with a market value near HK$320–326 billion.
- The Beijing firm sells chips and integrated solutions built on the open RISC‑V instruction set and says it has pushed over 150 coordinated hardware and software products to market and served roughly 220 customers.
- Company revenue grew from ¥1.752 billion in 2023 to ¥2.431 billion in 2025 while losses persisted, with annual net losses of about ¥1.837 billion in 2023, ¥1.547 billion in 2024, ¥1.516 billion in 2025 and ¥375 million in Q1 2026.
- Yiswei faces concentrated customer risk with the top five clients accounting for roughly 90% of sales and its largest single customer contributing 82.1% in 2023 and 64.6% in 2025.
- Backers include major venture, industry and state-linked investors that together put about ¥9.276 billion into the company over four funding rounds, and the IPO will test whether large public capital can turn RISC‑V technical work into sustained commercial scale.