The ‘2025 Hurun China Artificial Intelligence Top 50 Companies’ was officially released, with Cambricon (688256.SH) ranking first with a valuation of 630 billion yuan.
Publish Date: 2026-01-18 22:25:00
Source Domain: news.futunn.com
Here are the key points from the article, summarized in an unordered list:
– The Hurun Research Institute released the ‘2025 Hurun China Top 50 Artificial Intelligence Enterprises’ report on January 19, focusing on Chinese companies whose main business involves AI computing power or algorithms. This is the second time such a list has been published.
– Cambricon Technologies topped the list with a valuation of 630 billion yuan, significantly increasing by 165% compared to last year.
– Moore Threads, the first domestic GPU stock, ranked second with a valuation of 310 billion yuan.
– Muxi, a pioneer in high-end GPU development in China, ranked third with a valuation of 250 billion yuan.
– The listing threshold was set at 9.5 billion yuan, reflecting a 3.5 billion yuan increase from last year. The top ten companies had a minimum valuation of 73 billion yuan, more than threefold the previous year’s limit.
– The number of AI chip companies on the list significantly increased, with 14 companies this year, nine more than last year. The surge is attributed to the continuous tightening of U.S. export controls on high-end AI chips, prompting a domestic acceleration of computing power autonomy.
– Eighteen new companies made the list this year, of which ten are AI chip-related, showcasing two significant categories: companies that reached the valuation threshold and those that transitioned from ‘non-AI companies’ to ‘AI companies.’
– Beijing leads in the number of listed companies with 19, followed by Shanghai (14) and Shenzhen (6). First-tier cities account for over 80% of the listed companies, underscoring their significant role in the AI sector.
– There are no AI server or AI data center companies listed, as they do not meet the valuation threshold. Examples are Inspur Information and Runze Technology.
– DeepSeek, despite its significant user base, was excluded due to its non-commercial focus on fundamental research and open-source development.
– The top ten companies are predominantly AI chip manufacturers, highlighting a strong presence in AI chips compared to other areas such as AI servers and AI data centers.
