Shanghai Biren Technology publishes 2025 annual report

• Shanghai Biren Technology annual report for year ended Dec. 31, 2025 flagged shift from technology validation to scaled commercialization as AI workloads moved toward inference.
• Volume production ramped for BR106 and BR166 GPUs, supporting deliveries of multi-thousand-card intelligent computing clusters across multiple customer types.
• Next-generation BR20X series targeted for commercial launch in 2026, positioning for higher inference demand with dedicated FP8/FP4 engines.
• LightSphere X SuperPod solution using optical interconnect and distributed optical circuit switching deployed in a 2,048-card cluster at a national-level intelligent computing center.
• Liquidity strengthened with total cash resources of RMB 2.9 billion at end-2025, supported by H-share listing proceeds of RMB 5.6 billion in early 2026.

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