Silicon Flow files for Hong Kong IPO, revenue up 653% but losses widen

AI startup Silicon Flow, founded just 34 months ago, has filed for a Hong Kong IPO under Chapter 18C rules. Its revenue jumped from 7.35 million yuan in 2024 to 55.33 million in 2025, up 653%, but losses also widened to 345 million yuan. The company now has over 10 million registered users and serves more than 13,000 corporate clients. Its daily token throughput has surged from 47.8 billion to 578.5 billion, with peak hitting over 1 trillion. Silicon Flow offers API services and large-model solutions for text, image, and video generation.