IPO News | Hong Kong Stocks Will Welcome “RISC-V First Share” Easway Computing Passed the Hong Kong Stock Exchange Hearing

The Zhitong Finance App learned that on September 21, Beijing Easway Computing Technology Co., Ltd. (hereinafter referred to as “Easway Computing” or the Company) successfully passed the Hong Kong Stock Exchange hearing. It is expected to fill the gap in the RISC-V circuit logo and become the “first RISC-V stock”.

In the global chip market dominated by x86 and ARM architectures for a long time, RISC-V has rapidly grown into the third pole of computing architectures due to its open source, modularity, and high energy efficiency, and is considered the native computing architecture of the AI era. According to Frost & Sullivan data, China's RISC-V master control chip market grew from 1.1 billion yuan in 2021 to 37.7 billion yuan in 2025, with a compound annual growth rate of 139.5%. It is expected to reach 219.4 billion yuan in 2030, with huge room for growth.

According to Frost & Sullivan industry data, based on 2025 revenue statistics, Easway Computing is the largest domestic smart terminal human-computer interaction chip product provider in China. In the direction of “RISC-V+AI”, Easway Computing has become the company with the most comprehensive patent, IP and product coverage in the world.

By the end of March 2026, the company had commercialized more than 150 products, serving more than 220 customers around the world, including many of the world's top technology companies. The products covered various application scenarios such as intelligent computing, automobiles, industry, control, smart home, and office equipment.

Looking at the split revenue structure, human-computer interaction chips are still the company's largest source of revenue, providing the company with stable cash flow and basic market market. The computing chip and solution business is also accelerating, with revenue growing rapidly from 375,000 yuan in 2023 to 320 million yuan in 2025; in the first quarter of 2026, revenue from computing products reached 223 million yuan, a significant increase over the previous year, and the products successfully entered core tracks such as automobiles and industry.

According to prospectus data, from 2023 to 2025, Easway's calculated revenue was RMB 1,752 billion, RMB 2,025 billion and RMB 2,431 billion respectively, with a three-year compound growth rate of about 17.8%. Entering 2026, revenue for the first quarter reached 494 million yuan, an increase of 18.4% over the previous year, and the growth momentum further accelerated.

Passing the hearing marks a new stage in the commercialization process of Easway Computing. The next key is to continue to deepen RISC-V technology and product innovation, and promote the large-scale implementation of RISC-V in high-value scenarios such as terminal AI, intelligent computing, and robotics.