On March 30, after market close, leading domestic GPGPU company Biren Technology (stock code: 06082.HK) released its first financial report since going public. According to the announcement, Biren Technology's revenue for 2025 reached RMB 10.35 billion, an increase of 207.2% compared to the previous year. Gross profit amounted to RMB 5.57 billion, up 210.8% year-over-year, while the gross margin stood at 53.8%, rising by 63 basis points.
Notably, as of the end of 2025, Biren Technology's inventory balance reached RMB 9.49 billion, a 520.4% increase year-over-year, reflecting efforts to meet strong downstream demand and ensure supply chain resilience. The rapid revenue growth was primarily driven by the full-scale mass production and volume delivery of Biren's general-purpose GPU products, the BR106 and BR166, in the second half of the year.
In 2025, Biren Technology successfully deployed multiple thousand-card intelligent computing cluster projects, including a 2048-card optical-interconnect optical-switching GPU super-node cluster and several commercially deployed clusters comprising thousands of cards. Its customer base spans national computing power platforms, telecom operators, commercial AIDC providers, AI/large model companies, and enterprise clients.
Biren Technology is strategically focused on anticipating the surge in future token usage and the accelerated expansion of application scenarios. The next-generation BR20X chip and full product series are scheduled for official launch in 2026. While maintaining leadership in training capabilities, the new products are optimized to capture exponential growth in inference-era computing demand. They feature comprehensive upgrades in computing density, memory capacity and bandwidth, and interconnect capabilities, supporting low-precision computations such as FP8 and FP4, achieving breakthroughs in both performance and energy efficiency.
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