Biren Technology: Adjusted loss of 874 million yuan in 2025, compared to a loss of 767 million yuan in the same period last year.

Bic Inc. announcement: Revenue in 2025 was 1.03B yuan, up 207.2%; the company recorded a loss of 16.49B yuan during the year, compared with a loss of 1.54B yuan in the same period last year. After adjustment, the loss was 874 million yuan, compared with a loss of 767 million yuan in the same period last year. Bic Inc. said the company successfully delivered multiple large-scale intelligent computing cluster projects, including a 2048-card optical interconnect optical switching GPU supernode cluster and multiple market-oriented thousands-of-card intelligent computing clusters. Customers include national-level computing-power platforms, telecom operators, commercial AIDCs, AI/large-model companies, and enterprise customers.

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