On September 11, 2026, Shanghai Suifeng Technology Co., Ltd. (referred to as "Suifeng Tech" or "the Company," stock code: 688801.SH), a leading domestic cloud-based AI chip designer, officially commenced trading on the STAR Market of the Shanghai Stock Exchange. A fund managed by CICC Capital had previously participated in Suifeng Tech's Series C financing round in 2020.
Founded in March 2018, Suifeng Tech specializes in full-stack, self-developed cloud AI chips and stands as one of the few domestic computing power chip enterprises that independently master AI training and inference chip hardware architecture, high-speed interconnect technology, and a complete software programming platform. The company adheres to a path of original innovation, boasts a formidable R&D team, and has built a robust technical moat. Its products have achieved large-scale commercial deployment and entered the supply chains of multiple leading domestic internet and intelligent computing service providers, solidifying its position within the top tier of the domestic cloud AI chip industry.
Leveraging its full-stack technology and product commercialization strengths, the company has experienced rapid operational growth. To date, it has iterated through four generations of architecture and launched five cloud AI chip models, establishing a comprehensive product ecosystem that encompasses AI chips, AI accelerator cards and modules, intelligent computing systems and clusters, and AI computing software platforms. Amid the surging computational power demand driven by large language models, the company's commercialization momentum continues to accelerate.
The funds raised from this listing will be directed toward the research, development, and industrialization of its fifth and sixth-generation AI chip series, as well as advanced AI software-hardware collaborative innovation projects. These initiatives are designed to further strengthen the company's core competitiveness in general-purpose AI computing infrastructure and to support the advancement of the domestic high-end computing power chip industry.
CICC Capital, serving as the private equity investment business platform of CICC, manages domestic and international private equity funds. As a leading and globally influential comprehensive private equity investment manager, it is dedicated to building a platform with strong brand influence, exceptional fundraising and investment capabilities, and robust back-office management. Its fund portfolio includes RMB equity funds, RMB funds of funds, USD equity funds, and real estate and infrastructure funds.