The Zhitong Finance App learned that Denglin Technology-P (09917) was first listed. The announcement showed that each share was priced at HK$231. A total of 6.125 million shares were issued, 25 shares per lot, with a net proceeds of about HK$1.48 billion. As of press release, it decreased by 0.87% to HK$229, with a turnover of HK$68.1913 million.

According to the prospectus, Denglin Technology is a general purpose graphics processor (GPGPU) provider that develops and sells GPGPU products to meet the AI computing needs of China's Qianxing Industry. The company relies on a proprietary GPU+* (Minsky™) architecture, takes enterprise AI as the core target market, and seeks to expand innovative fields such as the public cloud market and robotics. By providing energy-efficient, safe and reliable computing power platforms and scenario-based solutions, the Group is committed to becoming a solid partner in the AI upgrade process of the Chinese industry.

The AI GPGPU market for Chinese enterprises increased from RMB 1.9 billion in 2021 to RMB 11.8 billion in 2025, with a compound annual growth rate of 58.1%. According to Frost & Sullivan, the Group is the third-largest Chinese company in the AI GPGPU market in terms of revenue in 2025, with a 1.0% market share. This position stems from the Group's ability to accurately match the core AI needs of enterprises, including energy-efficient, cost-effective design, software compatibility, and precise customized hardware and services.

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