MetaX's annual revenue is 1.6 billion: net loss of 830 million after deducting non-recurring items, and Ge Weidong's shareholding value is 16.3 billion

Leidi Network, Jianping Lei, March 26 MetaX Integrated Circuit (Shanghai) Co., Ltd. (Company Code: 688802, Company Abbreviation: MetaX) today released its financial report for the period ending December 31, 2025. The report shows that MetaX's revenue for 2025 was 1.644 billion yuan, an increase of 121.26% compared to 743 million yuan in the same period last year. MetaX reported a net loss of 789 million yuan for 2025, compared to a net loss of 1.4 billion yuan in the same period last year; the net loss after excluding non-recurring items was 830 million yuan, compared to a net loss of 1.044 billion yuan in the same period last year. In the fourth quarter of 2025, MetaX's revenue was 408 million yuan, with a net loss of 444 million yuan and a net loss of 436 million yuan after excluding non-recurring items. The cash outflow from operating activities was 358 million yuan. MetaX was listed on the Sci-Tech Innovation Board in December 2025, with an issue price of 104.66 yuan, issuing 40.1 million shares, raising a total of 4.186 billion yuan. This is MetaX's first annual report since its listing. MetaX is committed to the self-research and development of full-stack high-performance GPU chips and computing platforms. Its main business is the research, design, and sales of full-stack GPU products used in artificial intelligence training and inference, general computing (including scientific computing), and graphics rendering, providing supporting software stacks and computing platforms around GPU chips. In terms of product form, MetaX is engaged in the design of GPU chips, with wafer fabrication and packaging testing factories completing the production of chips, and board manufacturers completing the integration of GPU chips and boards, ultimately forming complete GPU boards/modules In response to the different needs of customers, in addition to delivering boards/modules with embedded GPU chips, MetaX can also provide customers with servers and all-in-one/workstations integrated with multiple boards, as well as intelligent computing clusters composed of multiple servers, storage devices, and network devices, equipped with the MXMACA software stack compatible with mainstream GPU ecosystems (CUDA), to provide comprehensive computing power solutions. Ge Weidong controls 6.73% of the shares. As of December 31, 2025, Shanghai Jiaomai Enterprise Consulting Partnership (Limited Partnership) holds 11.96%, and Chen Weiliang holds 5.03%; Shanghai Xiji Enterprise Consulting Partnership (Limited Partnership) holds 3.64%, and Nanjing Heliguoxin Zhixin Equity Investment Partnership (Limited Partnership) holds 3.59%; As of December 31, 2025, the equity structure of MetaX Ge Weidong holds 3.58%, Shanghai Chaos Investment (Group) Co., Ltd. holds 3.15%, Shenzhen Hancheng Venture Capital Fund Partnership (Limited Partnership) holds 3.13%, Shanghai Pudong Leading Area Investment Center (Limited Partnership) holds 2.41%, Nanjing Jingqian No. 2 Equity Investment Partnership (Limited Partnership) holds 2.08%, and China Structural Adjustment Fund Corporation holds 1.76%. The executive partners of Shanghai Jiaomai and Shanghai Xiji are both Chen Weiliang, and Shanghai Jiaomai, Shanghai Xiji, and Chen Weiliang constitute acting in concert; Chaos Investment is actually controlled by Ge Weidong, and Chaos Investment and Ge Weidong constitute acting in concert. Chen Weiliang controls a total of 20.63% of the company's shares, while Ge Weidong controls 6.73% of the company's shares. As of today's close, the stock price of MetaX is 605.81 yuan, with a market value of 242.385 billion yuan. Based on this calculation, Ge Weidong's shareholding is valued at 16.3 billion yuan. ————————————