ILUVATAR COREX (09903) announced its full-year results for the period ended December 31, 2025. The Group recorded revenue of RMB 1.034 billion, representing a year-on-year increase of 91.6%. Gross profit was RMB 558 million, up 110.5% compared to the previous year. The adjusted net loss narrowed to RMB 438 million, a reduction of 32.1% year-on-year.
In 2025, as a leading provider of general-purpose GPU products and AI computing solutions in China, ILUVATAR COREX adhered to its principle of independent development and maintained a research and development cadence of mass-producing one generation, designing the next, and pre-researching a future generation. The company consistently applied its core philosophy of hardware-software co-design, continuously iterating and updating its products, and is committed to delivering high-quality computing power to its customers.
The artificial intelligence industry is transitioning from technological breakthroughs to large-scale implementation, and the demand for AI computing power has evolved from a focus on single hardware parameters to a competition encompassing full-stack capabilities in hardware, software, and services. In this environment, the company achieved multiple advancements in technological innovation, commercial deployment, and ecosystem development, further solidifying its position in the domestic general-purpose GPU and AI computing solutions market.
As of December 31, 2025, the company had served over 340 customers from various industries. Its products and solutions have been deployed and applied in more than 1,000 projects across critical sectors such as financial services, healthcare, and transportation. During the reporting period, the company's business and customer base continued to expand. The number of projects deployed for customers in key industries, including internet services, large AI models, scientific research, finance, healthcare, education, and transportation, has been consistently increasing.
Looking ahead, the company will continue to pool global resources to accelerate technological iteration, aiming to transform technological breakthroughs into accessible computing power for a wide range of industries.
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