On July 7th, the application for an initial public offering on the STAR Market by Shanghai Silan Technology Co., Ltd. (referred to as "Silan Technology") was accepted by the Shanghai Stock Exchange.
The company was recognized as a national-level unicorn enterprise in 2024.
Public information indicates Silan Technology was founded in 2016 and is a high-tech semiconductor unicorn dedicated to the research and development of domestically independent processor cores, chip design, and applications.
The team originated from the Institute of Automation of the Chinese Academy of Sciences, and Silan Technology possesses complete independent intellectual property rights for its MaPU microprocessor, capable of trillions of algebraic operations per second.
In terms of financial performance, from 2023 to 2025, the company achieved operating revenues of 251 million yuan, 424 million yuan, and 673 million yuan respectively, demonstrating sustained revenue growth.
However, its non-GAAP net profit attributable to the parent company's shareholders was -319 million yuan, -323 million yuan, and -372 million yuan for the same periods.
During the reporting period, the company's largest customer was Changjiang Kesuan, with revenue from this single client accounting for over 95% of total revenue, indicating a high degree of customer concentration.
Regarding downstream clients, according to Silan Technology, in the public network sector, its UCP series chips have gained recognition from major players including the three major telecom operators, as well as companies like Datang Mobile, Changkun Technology, Star-net Ruijie Co.,Ltd. (SHE: 002396), New H3C Technologies, and Lenovo.
In the private network sector, taking the satellite communication industry as an example, the UCP series chips are currently serving both of China's major low-earth orbit satellite internet constellations simultaneously.
The company has participated in the development of ground equipment for the G60 constellation, contributing to the advancement of integrated space-air-ground networks.
Corporate data from Tianyancha shows that Silan Technology has completed nine rounds of financing, with several rounds exceeding 100 million yuan in value.
These include an angel round of 200 million yuan, a Series B round of 300 million yuan, and a Series C round reaching 100 million US dollars.
Notably, investment capital from entities related to Kweichow Moutai Co.,Ltd. and Contemporary Amperex Technology Co.,Ltd. (SHE: 300750) has appeared among its investors.
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