国产GPU账本:神秘的“赎回负债”,壁仞科技亏损背后的秘密?

半导铁盒 IC-BOX
Dec 29, 2025

“壁仞科技三年半亏损63亿元的原因找到了。”日前,壁仞科技通过港交所聆讯的消息落地,港股即将迎来“GPU第一股”。1个月内,三家GPU企业陆续公布资本市场消息。然而与A股火热行情相映的是,我们看到,不论是刚上市的两家A股GPU企业,还是刚刚通过聆讯的壁仞科技,都无法逃脱“巨额亏损”乌云笼罩。不过,同样是国产GPU企业,为何其中港股上市的壁仞亏损最多?壁仞科技亏损之谜:赎回负债壁仞科技成立于2019...

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