Muxi Co., Ltd. annual revenue of 1.6 billion: net loss of 830 million after non-recurring gains and losses. Ge Weidong's shareholding worth 16.3 billion.

Moxee Integrated Circuits (Shanghai) Co., Ltd. (Company Code: 688802; Company Short Name: Moxee Shares) today released its financial report for the period ended December 31, 2025. The report shows that in 2025, Moxee Shares generated revenue of 1.644 billion yuan, up 121.26% from 743 million yuan in the same period last year.

In 2025, Moxee Shares recorded a net loss of 789 million yuan, compared with a net loss of 1.4 billion yuan in the same period last year; after excluding non-recurring items, the net loss was 830 million yuan, compared with 1.044 billion yuan in the same period last year.

In the fourth quarter of 2025, Moxee Shares had revenue of 408 million yuan, a net loss of 444 million yuan, a net loss after excluding non-recurring items of 436 million yuan, and cash outflow from operating activities of 358 million yuan.

Moxee Shares listed on the STAR Market in December 2025, with an issue price of 104.66 yuan, issuing 40.1 million shares, and raising total funds of 4.186 billion yuan. This is Moxee Shares’ first annual report since its listing.

Moxee Shares is committed to developing its own full-stack high-performance GPU chips and computing platforms. Its main business is the R&D, design, and sales of full-stack GPU products for artificial intelligence training and inference, general computing (including scientific computing), and graphics rendering, providing a software stack and computing platform to support GPU chips.

In terms of product form, Moxee Shares designs GPU chips. Chip production is carried out by wafer manufacturing plants and packaging and testing plants. GPU chip and board integration is completed by add-in board manufacturers, ultimately resulting in complete GPU boards/modules.

For customers with different needs, in addition to delivering boards/modules with embedded GPU chips, Moxee Shares can also deliver servers, all-in-one computers/workstations that integrate multiple boards, and intelligent computing clusters composed of multiple servers, storage devices, networking equipment, etc., together with an MXMACA software stack compatible with the mainstream GPU ecosystem (CUDA), to provide customers with comprehensive computing solutions.

Ge Weidong controls 6.73% of the equity

As of December 31, 2025, Shanghai Jiaomai Enterprise Consulting Partnership (Limited Partnership) held 11.96%, and Chen Weiliang held 5.03%;

Shanghai Xiji Enterprise Consulting Partnership (Limited Partnership) held 3.64%, and Nanjing Heli Guoxin Zhixin Equity Investment Partnership (Limited Partnership) held 3.59%;

As of December 31, 2025, the equity structure of Moxee Shares

Ge Weidong held 3.58%, Shanghai Hunchun Investment (Group) Co., Ltd. held 3.15%, Shenzhen Hancheng Venture Capital Fund Partnership (Limited Partnership) held 3.13%, Shanghai Lingyin District Investment Center (Limited Partnership) held 2.41%, Nanjing Jingqian No. 2 Equity Investment Partnership (Limited Partnership) held 2.08%, and China State-Owned Enterprise Structural Adjustment Fund Co., Ltd. held 1.76%.

The executive affairs partners of Shanghai Jiaomai and Shanghai Xiji are both Chen Weiliang. Shanghai Jiaomai, Shanghai Xiji, and Chen Weiliang constitute persons acting in concert; Hunchun Investment is actually controlled by Ge Weidong, and Hunchun Investment and Ge Weidong constitute persons acting in concert.

Chen Weiliang controls a total of 20.63% of the company’s equity, and Ge Weidong controls 6.73% of the company’s equity.

As of the close today, Moxee Shares’ share price is 605.81 yuan, and its market capitalization is 242.385 billion yuan; based on this, the value of Ge Weidong’s shareholding is 16.3 billion yuan.

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