MetaX Swings to Profit as Chinese AI Chipmakers Report Diverging First Half Results MetaX has reported a net profit of 612 million yuan for the first six months, a significant turnaround from its loss of 186 million yuan in the same period last year.
The company's revenue increased by 44. 7% to 1. 32 billion yuan, driven largely by growing demand for AI chips in China.
MetaX's success is particularly notable given its high profile debut on Shanghai's Star Market in December.