Company Profile · Technology

MetaX Integrated Circuits (Shanghai) Co Ltd

688802 · Shanghai
Industry
AI Chips
Exchange
Shanghai
Country
China
Employees
925
Website
www.metax-tech.com
Current Price
¥769.89
Live · Jun 18, 2026
Fair Buy
≤ ¥220
Margin-of-safety entry
Baillie Growth Score
44/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥769.89 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative ¥170–¥220 / fair ¥280–¥380 / optimistic ¥500–¥650. At ¥769.89, Above the optimistic ceiling · future growth overdrawn.

At publication ¥694 (Jun 11, 2026)

Research on this stock
MetaX Integrated Circuits (Shanghai) Co., Ltd.
688802 · Shanghai
Avoid
In-Depth Research on MetaX

MetaX is a domestic full-function GPU designer whose core team came from AMD, with the XiYun C series contributing 94.31% of revenue. 2025 revenue reached 1.644 billion yuan, up 121.26%, while net loss attributable to shareholders was still 789 million yuan, operating cash flow was -1.260 billion yuan, the price-to-sales ratio was about 169x, and three lock-up expiries are due within the year. Research rating Avoid: the company is improving, but the share price has already discounted years of successful execution, with an ideal buy range of 170-220 yuan.

AI Chips Baillie 44 Jun 11, 2026
About the company

MetaX Integrated Circuits (Shanghai) Co., Ltd. researches, develops, and sells graphics processing unit chips and computing platforms. The company offers integrated training and push GPU, intelligent computing inference GPU, and graphics rendering GPU; GPU servers; GPU accelerators cards; and supernodes, as well as operates GPU workstation. The company serves digital computing, infrastructure, finance, healthcare, energy, education and research, transportation, and digital entertainment sectors. The company was founded in 2020 and is headquartered in Shanghai, China.

Financial snapshot
Market capCN¥278.03B
Revenue (TTM)CN¥1.89B
EBITDA-CN¥518.41M
Profit margin-34.78%
ROE-11.01%
Forward P/E0
EPS-CN¥1.78
52-week rangeCN¥479.01 – CN¥895.00

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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