XiHua Technology has filed for an IPO, demonstrating its leading position in the field of edge AI chips.

XiHua Technology, a company specializing in edge AI chip and solution design, recently submitted its IPO application to the Hong Kong Stock Exchange, with ABC International acting as the sole sponsor. The company has experienced rapid business expansion in recent years, with its revenue growing from RMB 86.679 million in 2022 to RMB 244 million in 2024, representing a CAGR of 67.8%. Despite this, the company has not yet achieved profitability, recording net losses of RMB 129 million, RMB 153 million, RMB 81 million, and RMB 63 million in 2022, 2023, 2024, and the first nine months of 2025, respectively.