Biwin has signed a locked-volume, locked-price deal to buy enterprise-grade chips from Q3 2026 to Q2 2028. The contract, valued at 12.6 billion yuan, aims to secure medium- to long-term capacity and reduce supply disruption risks.
Unitree Robotics reports a 53% drop in Q1 adjusted profit to 40.3M yuan, despite 68% revenue growth to 422.8M yuan, citing increased expenses and fierce competition in the humanoid robot sector ahead of its Star Market IPO hearing.
Wingtech Technology faces a delisting risk warning on the Shanghai Stock Exchange after its auditor issued a disclaimer of opinion regarding Nexperia's financial records. The company has until the end of 2026 to resolve the audit issues.
Moore Threads Technology, a Chinese GPU challenger to Nvidia, reported a Q1 2026 net profit of 29.4 million yuan, reversing a year-earlier loss of 112.5 million yuan. Quarterly revenue surged 155% to 737.6 million yuan, driven by domestic computing demand amid Beijing's chip self-sufficiency push. The company disclosed a 660 million yuan order for its KUAE computing cluster at end-March.
