VeriSilicon Microelectronics Shanghai Co Ltd

On the afternoon of July 24, A-share computing power chip concept stocks rebounded in volatile trading. Meishi Technology hit its daily limit up in a straight line, while PNC Process Systems and Tongfu Microelectronics also sealed their boards. ASR Microelectronics rose over 10%. In terms of news, during the 2026 World Artificial Intelligence Conference, the first domestic TPU thousand-card intelligent computing cluster in East China was officially inaugurated in Hangzhou. Jointly built by Hangzhou Telecom, ZTE, and Zhonghao Xinying, this cluster is the first large-scale domestic TPU cluster deployment project within the China Telecom system, marking the entry of domestic TPUs into the carrier-grade scale deployment stage. A research note from Guolian Minsheng Securities pointed out that the shipment share of domestic AI chips has exceeded 40%, with product matrices from manufacturers such as Huawei Ascend and Cambricon continuing to improve, while cloud vendors are simultaneously accelerating their self-developed ASIC layouts. A research report from China Merchants Securities showed that first-quarter 2026 revenues for Hygon Information Technology, Cambricon, Moore Threads, Muxi, and VeriSilicon grew by 68%, 160%, 155%, 75%, and 114% year-on-year, respectively. Moore Threads disclosed a major commercial contract worth 660 million yuan, and as of the end of April, VeriSilicon's new order scale reached 8.2 billion yuan. Sinolink Securities believes that industry fundamentals are sound, and in the third quarter, Nvidia Rubin, AMD MI450, and others will ship in large volumes, with leading companies in the global AI industry chain likely to continue exceeding performance expectations.

On the evening of July 16, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Rongsheng Petrochemical's controlling subsidiary, Zhejiang Petroleum and Chemical Company, plans to invest approximately 19.6 billion yuan in a refining and chemical integration project upgrade, with an expected construction period of two years. Trina Solar issued its 2026 half-year performance forecast, expecting a net loss attributable to the parent company of 180 million to 360 million yuan, narrowing the loss year-on-year. VeriSilicon announced that from April 30 to July 16, new orders totaled 6.413 billion yuan, with AI computing and data processing orders accounting for over 90 percent. Jingneng Power plans to raise no more than 5 billion yuan through a private placement for thermal power expansion and integrated wind, solar, thermal, and storage projects. Additionally, Dong Yi Ri Sheng and Modern Avenue will both have their delisting risk warnings removed starting July 20.

VeriSilicon disclosed that from April 30 to July 16, total new orders reached 6.413 billion yuan, with AI computing-related orders and data processing orders each accounting for over 90%. Combined with the 8.24 billion yuan in new orders disclosed in the first-quarter report, total new orders since the beginning of this year have approached 15 billion yuan. The company stated that the vast majority are one-stop chip customization orders with clear conversion expectations, but revenue conversion requires a certain time cycle. Leveraging its AI processor IP portfolio and AI ASIC customization service capabilities, VeriSilicon has become a trusted partner of leading global cloud service providers and is actively expanding into the on-device AI market.