China computing stalwarts Hygon, Sugon post revenue surge on AI boom, tech self-reliance


Semiconductor designer Hygon Information Technology and supercomputer maker Sugon, two stalwarts of China’s tech self-reliance efforts, reported surging revenue for 2025 amid strong domestic demand for home-grown computing systems.
The two Shanghai-listed companies’ latest financial results reflect a broader trend across China’s public and private sectors to increase engagement with domestic technology suppliers, as artificial intelligence development projects in the country intensified.
Headquartered in Beijing, Hygon posted revenue of 14.4 billion yuan (US$2.1 billion) last year, a 56.9 per cent jump from 2024. Profit attributable to shareholders reached 2.54 billion yuan, up 32 per cent from a year earlier.

Hygon attributed the hefty sales growth to the “continued rise in demand for domestically produced high-end chips”. The company said its market share in high-end processors expanded amid cooperation with original equipment manufacturers and other partners in key industries and fields.

The firm expected even faster growth – between 62.9 per cent and 75.8 per cent – this first quarter, driven by increased investment in research and development due to “demand from the AI industry”.

A Sugon staff member operates a high-performance computer model at an event in Frankfurt, Germany, on June 18, 2019. Photo: Xinhua
A Sugon staff member operates a high-performance computer model at an event in Frankfurt, Germany, on June 18, 2019. Photo: Xinhua

Sugon, which makes high-performance computing systems and is the largest shareholder of Hygon, posted a 13.9 per cent year-on-year increase in revenue to 14.97 billion yuan last year. Its net profit rose 10.5 per cent to 2.11 billion yuan.

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