# Denglin Technology Passes Hong Kong Stock Exchange Hearing

> Denglin Technology clears Hong Kong listing after selling 10,344 GPGPU chips and plans $400 million raise.
- Title: Denglin Technology Passes Hong Kong Stock Exchange Hearing
- Summary: Denglin Technology clears Hong Kong listing after selling 10,344 GPGPU chips and plans $400 million raise. Denglin Technology passed Hong Kong Stock Exchange…
- Keywords: denglin technology, hong kong stock exchange, gpgpu, nvidia, qualcomm china, chinese ai chips, hbm3e, frost & sullivan, enterprise ai, smart cities, private clouds, chip sales
- Source: BigGo Finance — https://finance.biggo.com/news/39887f3e-ae6d-4631-af63-bb925cc56888
- Author: BigGo Finance
- Published: 2026-10-27T10:55:42+00:00
- Read time: 1 min
- Topics: denglin technology, hong kong stock exchange, gpgpu, nvidia, qualcomm china, chinese ai chips, hbm3e, frost & sullivan, enterprise ai, smart cities, private clouds, chip sales
## Denglin Technology Passes Hong Kong Stock Exchange Hearing
Denglin Technology passed Hong Kong Stock Exchange hearing on October 25 planning to list as specialist technology company under Chapter 18C.
## Planned $300-400 Million Fundraise
Company aims to raise $300 million to $400 million at pre-IPO valuation of approximately CNY 7.2 billion.
## 10,344 GPGPU Units Sold
Sold 10,344 GPGPU units in first four months generating CNY 166.752 million product revenue.
## Total Revenue $30.1 Million
Total revenue including technical services reached CNY 200.365 million approximately $30.1 million.
## Average Price Per Card
Average price per card approximately CNY 16,100 about $2,400 with 90.4% revenue from top five customers.
## Low Power Consumption
Products target smart cities and enterprise private clouds with power consumption 55W to 130W.
## Top Five Customers
Top five customers contributed 90.4% of revenue with largest single customer accounting for 38.0%.
## Technical Service Revenue
Technical service revenue accounted for 32.3% of total revenue in 2025 with one-time design services.
## Shareholder Roster
Shareholders include China Internet Investment Fund, Qualcomm China, Hikvision Fund, Zhongxin Venture Capital.
## Product Roadmap
Plans to launch next-generation products in two phases by end-2026 and second half of 2027.
## HBM3e Integration
Second phase integrates HBM3e targeting large intelligent computing centers and public clouds.
## Cambricon Earnings
Cambricon reported CNY 9.526 billion revenue for first three quarters up 106.76% year-on-year.
## Inventory Concerns
Cambricon inventory increased to CNY 11.665 billion with prepayments rising to CNY 3.044 billion.
## Market Impact
Denglin targets enterprise projects with low power while Cambricon focuses on cloud training with inventory concerns.
## Key takeaway

Denglin Technology passed Hong Kong Stock Exchange hearing with $300-400 million funding target and 10,344 GPGPU chips sold in first four months.