Since Dosilicon made an investment in Lixuan Technology back in July this year, the former's stock price has seen a substantial upswing, riding on the wave of the memory chip market's revival. The stock has soared more than fourfold on a year-to-date basis, and the company's market capitalization has now surpassed 40 billion yuan. Although Lixuan Technology's inaugural 6nm GPU chip, dubbed the '7G100,' has reached the customer sampling phase, it hasn't started generating sales yet and is still mired in losses. In the first half of 2025, the company reported a net loss of 138 million yuan, and its insolvent situation showed no signs of improvement. Through two rounds of capital injections, Dosilicon has secured a 35.87% stake in Lixuan Technology. Nevertheless, the investment losses keep casting a shadow over its financial results. In the first three quarters of 2025, the company confirmed an investment loss of 166 million yuan, which resulted in an even larger year-on-year net loss. At present, Lixuan Technology is pushing forward with the mass production and market promotion of the '7G100.' However, the risk associated with having a single flagship product remains a significant concern. The company's future performance is largely contingent on how well this chip is received in the market.