Enflame Tech, one of China’s domestic GPU Four Little Dragons, will launch its online subscription for an IPO on the Shanghai Stock Exchange STAR Market on September 2.

Enflame Technology, one of China’s “Four Little Dragons” of domestic GPUs, will launch its online subscription for an initial public offering on the Shanghai Stock Exchange’s STAR Market on September 2. Trading under stock code 688801 with an online subscription code of 787801, the company plans to issue approximately 43.04 million new shares, representing 10% of its post-issuance total share capital. The offering aims to raise 6 billion yuan, which will be allocated to the research and development of fifth- and sixth-generation AI chips, as well as artificial intelligence software-hardware integration projects.

Alongside Moore Threads, MetaX, and Biren Technology, Enflame is recognized as part of the “Four Little Dragons” cohort in China’s domestic GPU sector. The other three companies have already completed their listings, posting first-day closing gains of 425.46%, 692.95%, and 75.82%, respectively. Financial records indicate Enflame’s revenue stood at 301 million yuan in 2023, 722 million yuan in 2024, and 990 million yuan in 2025, reflecting a three-year compound annual growth rate of 81.32%.