ESWIN: Listing Application Passes HKEX Hearing as First RISC-V Chip Stock

NewTimeSpace News: On 21 September 2026, Beijing ESWIN Computing Technology Co., Ltd. passed the listing hearing of The Stock Exchange of Hong Kong Limited, with CITIC Securities and China Securities International acting as joint sponsors. The Company is a chip product provider in the PRC built on the RISC-V architecture, focusing on the research, development and design of chips, chipsets and/or boards and related core software, while outsourcing integrated circuit manufacturing, packaging and testing to third-party service providers.

The Company offers two product categories by application scenario. Its human-machine interaction and multimedia processing chip products target the smart terminal chip product industry and are mainly used in home, office and portable settings, enabling smart terminals to manage screen-based input/output and process multimedia signals; its interconnect and computing chip products target the embodied intelligence chip product industry and are mainly used in automotive, robotics and industrial settings. According to Frost & Sullivan, RISC-V penetration in the global smart terminal chip product market is expected to rise from 3.7% in 2025 to 15.7% in 2030, and in the PRC market from 6.9% to 26.7%; in the global embodied intelligence chip product market from 9.4% to 23.8%, and in the PRC market from 10.7% to 28.2%.

As at 31 March 2026, the Company had brought more than 150 hardware-and-software integrated products to market and served 220 customers globally during the track record period; by 2025 revenue, it was the largest domestic provider of smart terminal human-machine interaction chip products in the PRC. The Company holds more than 620 IP modules, more than 20 series of RISC-V cores and more than 1,740 patent applications relating to its products, and is a board member of RISC-V International. Revenue was RMB 2,431.2 million in 2025 with a gross profit margin of 18.6% and a loss for the year of RMB 1,515.8 million; the Company stated that it remains at an early stage of development, has been loss-making throughout the track record period and expects to continue recording net losses in the foreseeable future.

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