On January 1, 2026, the China Securities Regulatory Commission (CSRC) officially disclosed on its website that Shanghai Enflame Technology Co., Ltd. (hereinafter referred to as "Enflame Technology") has concluded its initial public offering (IPO) counseling phase, heralding a significant milestone in its journey towards going public. Enflame Technology embarked on its IPO counseling journey in August 2024, initially engaging CICC as its counselor. Subsequently, in November 2025, the baton was passed to CITIC Securities to continue the process.

Established in 2018, Enflame Technology has carved out a niche for itself in the realm of AI chips, focusing on the research and development of proprietary hardware architectures and software ecosystems. Over the years, the company has successfully iterated through four generations of architectures and introduced five cloud-based AI chips. Its product portfolio encompasses AI chips, accelerator cards, intelligent computing systems, and software platforms, catering to a wide array of technological needs.

Among its flagship products, the third-generation AI accelerator card, dubbed the "Enflame S60," has seen widespread deployment at major internet enterprises, showcasing its prowess in the market. Meanwhile, the fourth-generation training and inference integrated solution, the "Enflame L600," supports FP8 low-precision computing, facilitating the training and inference of domestic general-purpose large models, a testament to its technological advancement.

Enflame Technology's investor roster boasts prominent names, including the National Integrated Circuit Industry Investment Fund Phase II and Tencent, among other esteemed shareholders. As the domestic AI chip sector steps into a phase of rapid listing activities, Enflame Technology's completion of IPO counseling is poised to catalyze the development of a domestic intelligent computing industry ecosystem and foster technological breakthroughs, setting the stage for a new era of innovation and growth.