Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the ChiNext Index rose over 1%. The market saw a significant divergence between sectors, with the micro-cap stock index dropping over 1%. The total trading volume in the Shanghai and Shenzhen markets was 1.02 trillion yuan, a decrease of 98.7 billion yuan compared to the previous trading day. Over 3,700 stocks declined across the market [1][10] - The lithium mining sector showed strong performance, with Jin Yuan Co. and Shengxin Lithium Energy hitting the daily limit. The computing hardware sector also performed actively, with Huanxu Electronics reaching the daily limit and major optical module companies collectively rising [1][6] Individual Stock Highlights - Nuxi Co. debuted on the Shanghai Stock Exchange's Sci-Tech Innovation Board with an issue price of 104.66 yuan per share. On its first trading day, the stock price surged over 700%, reaching a peak of 895 yuan, and closed at 824.5 yuan, marking a 687.8% increase from the issue price. The theoretical maximum profit from one subscription could reach 395,000 yuan, surpassing the previous high of Moer Thread, making it the most profitable new stock since the full registration system was implemented in A-shares [1][2][29] Sector Performance - The lithium battery sector collectively strengthened, with stocks like Tianji Co., Shengxin Lithium Energy, and Dazhong Mining hitting the daily limit. The price of lithium carbonate futures rose over 8%, approaching 110,000 yuan per ton [6][8] - The tourism and hotel sectors saw significant gains, with stocks like Qujiang Cultural Tourism and Nanjing Commercial Travel hitting the daily limit. Data from Qunar Travel indicated that hotel bookings for popular cities from January 1 to 3, 2026, increased threefold year-on-year [4][14] Investment Opportunities - Analysts suggest focusing on leading companies in the lithium battery sector and those involved in solid-state technology, as a new round of production expansion and technological breakthroughs are expected to drive industry capital expenditure [8] - The small metals sector also showed strong performance, with tungsten prices rising sharply. The price of tungsten concentrate exceeded 400,000 yuan per ton, and ammonium paratungstate (APT) prices surpassed 600,000 yuan per ton [8][9]

人民财讯12月17日电，12月17日，N沐曦-U（即"沐曦股份"）登陆A股科创板，上市首日盘中最高涨幅 达到755.1%，收盘涨幅回落至692.95%，最新收盘价829.9元/股。 证券时报·数据宝统计，以最新收盘价计算，N沐曦-U的收盘价已超越本月新上市的摩尔线程-U，跻身 至A股第三位，贵州茅台、寒武纪-U最新收盘价分别为1433.1元/股、1315.6元/股，稳居前两位。 ...

Group 1 - Nabacuan's gross margin has declined for four consecutive quarters, and its operating cash flow has turned negative, with monetary funds at only 188 million [1] - Dongguan Bank has been waiting for 17 years to enter the A-share market and has been fined 13.32 million in the past two years, while executive salaries have increased by 2.25 million [1] - Lin Qingxuan has spent 1.1 billion on marketing over three and a half years, which is 12 times its R&D expenditure, and has faced multiple fines for false advertising [1] Group 2 - Xinfang Pharmaceutical has been sued for unit bribery, leading to a stock price drop and poor performance [1] - Zijin Mining, under Chen Jinghe's leadership, has created a trillion-dollar mining empire with interest-bearing liabilities of 169.6 billion [1] - Tianfeng Securities may be involved in regulatory violations related to the Contemporary Group and reported a profit of 153 million in the first three quarters [1] Group 3 - Country Garden delivered 140,000 units in the first 11 months, and its debt restructuring is expected to alleviate over 90 billion in liabilities [1] - Guangzhou Rural Commercial Bank has reduced 48.1 billion in debt over three years, with a loan impairment loss of 3.1 billion in six months [1] - 37 Interactive Entertainment has been fined 32.55 million for information disclosure violations and has spent 25.8 billion on customer acquisition over three years [1] Group 4 - "Zootopia 2" has achieved a box office of 2 billion in six days, with China's film industry seeing a 13-fold increase in quarterly profits [1] - Enjie shares are under pressure with 15.6 billion in debt, and plans to restructure with Zhongke Hualian to integrate upstream industries [1] - Shanxi Fenjiu has a return on equity of 31.82%, surpassing Moutai [1] Group 5 - Changan Technology has incurred losses of 462 million over the past two years, with Hefei Guotou investing 1.419 billion to deepen cooperation between central and local governments [1] - Xiaomi Group's third-quarter report shows an adjusted net profit increase of 80.9%, while its market value has evaporated by 360 billion in six months [1] - Master Kong has a dividend payout ratio of 100%, with Japanese capital realizing a 20% return, and the Wei brothers earning nearly 10 million annually [1] Group 6 - Founder of Bawang Tea Ji has partnered with the "photovoltaic goddess," creating a new model of capital market collaboration worth 60.3 billion [1]

（来源：口罩哥研报60秒） "国产GPU第二股"沐曦股份登陆科创板，开盘价700元，较发行价104.66元暴涨568%，总市值达2800亿元。 以此计算，中签一手理论盈利近30万元，刷新A股全面注册制以来新股盈利纪录。 沐曦成立于2020年，由三位前AMD华人科学家创立，聚焦高性能GPU芯片研发。创始人陈维良持股约20.63%，对应市值578亿元；私募大佬葛卫东合计持 股7.17%，市值约189亿元。 公司最近三年营收复合增长率达4074.52%，2025年1-9月营收12.36亿元，同比增长453.52%，已超2024年全年水平。 然而，高估值背后存在争议。公司预计2025年全年营收15亿至19.8亿元，归母净利润仍为亏损（-7.63亿至-5.27亿元），最早2026年实现盈亏平衡。 | | | | 核心股东持股 | | | 造富效应 | | --- | --- | --- | --- | | 股东 | 身份 | 持股比例 | 市值(亿元) | | 陈维良 | 创始人/实控 | 20.63% | 577.98 | | | 人 | | | | 葛卫东 | 私募投资人 | 7.17% | 188.57 | 当前 ...

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking it as a significant player in the domestic GPU market following Moore Threads [1][2] Company Overview - Founded in September 2020, Muxi is a major player in China's high-performance general-purpose GPU market, focusing on the independent development of full-stack high-performance GPU chips and computing platforms [2] - The founding team consists of three Chinese technical experts from AMD, with each core member having around 20 years of experience in GPU design and mass production [2] - The company's founder, Chen Weiliang, and his associates hold 22.94% of the shares, with Chen being the actual controller of the company [2] Financial Performance - As of March 2025, Muxi's cumulative GPU product sales exceeded 25,000 units, with a backlog order amounting to 1.43 billion yuan, primarily from the Xiyun C series boards [2] - The company is currently in a loss-making phase, with reported revenues of 426,400 yuan, 53.02 million yuan, and 74.3 million yuan for the years 2022 to 2024, respectively, and net losses of 777 million yuan, 871 million yuan, and 1.409 billion yuan, indicating a trend of increasing losses [2] - For the first nine months of 2025, Muxi reported revenues of 1.236 billion yuan and a net loss of 346 million yuan [2] - The company's cash flow has been negative from 2022 to 2024, with a cumulative outflow exceeding 3.8 billion yuan, and a cash flow of -902 million yuan for the first nine months of 2025, totaling over 4.7 billion yuan in losses [2] Market Response - On its first trading day, Muxi's stock price surged to 700 yuan per share, representing an increase of over 568% from the issue price of 104.66 yuan per share, and reached 820 yuan per share, marking a total market capitalization of 328.1 billion yuan [1] - The strong market interest is reflected in the subscription data, with 5.1752 million valid subscription accounts and a total of 28.862 billion shares subscribed, resulting in a low winning rate of 0.03348913% [1]

AI人工智能ETF紧密跟踪中证人工智能主题指数，中证人工智能主题指数选取50只业务涉及为人工智能提供基础资源、技术以及应用支持的上市公司证券作 为指数样本，以反映人工智能主题上市公司证券的整体表现。 数据显示，截至2025年11月28日，中证人工智能主题指数(930713)前十大权重股分别为中际旭创(300308)、新易盛(300502)、寒武纪(688256)、中科曙光 (603019)、澜起科技(688008)、科大讯飞(002230)、海康威视(002415)、豪威集团(603501)、金山办公(688111)、浪潮信息(000977)，前十大权重股合计占比 63.92%。（以上所列股票仅为指数成份股，无特定推荐之意） 12月17日，科创板沐曦股份新股上市。该公司是国内高性能通用GPU产品的主要领军企业之一，致力于自主研发全栈高性能GPU芯片及计算平台，持续为国 家人工智能公共算力平台、运营商智算平台、商业化智算中心等提供基础算力底座，推动人工智能赋能千行百业，并重点布局教科研、金融、交通、能源、 医疗健康、大文娱等行业应用场景。 中泰证券指出，AI产业长期趋势不变，对算力的需求也持续景气，未来国产算力 ...

已量产：曦思N100（智算推理）、曦云C500（训推一体） 在研：曦云C600已于2025年7月回片点亮，官方定位对标英伟达H100 12月17日，沐曦集成电路（上海）股份有限公司（股票代码：688802） 成功在科创板上市。开盘表现 极为亮眼，股价高开568.8%，报700元，公司总市值一举突破2800亿元。以此计算，中一签（500股） 投资者首日盈利接近30万元，成为近期热门新股。 | | | A股迈入全面注册制以来, | | | 新股中签收益排行榜TOP10 | | | --- | --- | --- | --- | --- | --- | --- | | 100 | 证券名称 | 正券代码 | 市首日最高价 | 首发价格 | 中一条收益 | 首发上市日 | | | | | JI./ 版 | 元/股 | (以500脸计 | | | | 沐曦股份 | 688802. SH | 700 (开盘价) | 104. 66 | 297670 | 2025-12-17 | | 2 | 摩尔线程 | 688795. SH | ୧୫୫ | 114. 28 | 286860 | 2025-12-05 | | 3 | 长联 ...

2025.12. 17 本文字数：892，阅读时长大约1分钟 来源 | 综合财联社、 第一财经 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱： bianjibu@yicai.com N沐曦-U(688802) W 交易中 12-17 13:23:49 科 融 800.00 额 96.74亿 股本4.00亿 市盈-329.0 万得 盘口 +695.34 +664.38% 换 73.96% 市值13201亿 市净 23.81 分时 n a manufacturer in the seen the state of the seen the seen the seen the seen the seen the seen the seen the seen and the seen and the seen an 日K [0] 异动提示:主力撤卖> 즐加 | 盘口| 资金 -- 755.15% 卖5 805.00 895 00 J s 4 7 803.04 802.00 1 3 s 22 2 800.20 65 800.02 104.66 -0.00% 卖1 式 ...

Core Insights - The global capital market in 2025 is heavily focused on "computing power," with companies like Nvidia leading in AI infrastructure, while China seeks a competitive enterprise in this domain [1] - Muxi Co., Ltd. has initiated its IPO process, positioning itself as a strong competitor in the high-performance general-purpose GPU sector, often referred to as "China's Nvidia" [3] Group 1: Technology and Innovation - Muxi's core technology lies in its full-stack GPU architecture, which is complex and has traditionally been dominated by Western companies [4] - The company has maintained a high R&D investment ratio over the past three years, with over 80% of its workforce being technical personnel, showcasing its commitment to innovation [4] - Muxi's MXMACA software stack addresses the critical issue of "ecological isolation" in domestic chips, enhancing compatibility and minimizing migration costs for users [5] Group 2: Product Offerings - Muxi has developed a comprehensive product matrix covering AI training, inference, and graphics rendering, with products like the "Xiyun" series targeting high-performance AI training [6] - The company’s offerings include the "Xisi" series for high-frequency inference and the "Xicai G" series for graphics processing, indicating a well-rounded technological capability [6] Group 3: Market Dynamics - Recent policy support and market demand have accelerated Muxi's growth, with a government directive emphasizing the importance of computing power in the digital economy [7] - Muxi's customer base is evolving from research institutions to major enterprises, indicating successful market penetration and validation of its products [7] Group 4: Investment Potential - Muxi's rarity as a core asset in the semiconductor sector, combined with its high growth and profit margins, positions it favorably for investors [9] - The company is expected to leverage its IPO proceeds for next-generation GPU development and large-scale industrialization, enhancing investor confidence [10] - Muxi's listing fills a gap in the A-share market for high-end general-purpose GPUs, representing a significant step for China's digital economy [10]

国产GPU造富神话，一个一个更猛！ 12月17日，继摩尔线程之后，国产GPU第二股沐曦股份，也正式登陆科创板。其表现也远超人们预计， 比摩尔线程更为火爆。 上市首日就高开568.83%，股价直接从104.66元的发行价，飙到了700元，之后还在进一步飙涨，最高一 度触及895元，市值最高一度达到3580亿，超过了摩尔线程。 | 腾松 | | N 木 - U ⊙ 添加自选 | SH 688802 ■ Level1基础行情 ■上海交易所 ■科创版 | | | | 所属行业 ▼ 半导体 -0.74% > | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 824.50元 +719.84 +687.79% | | | | | | | | | | | | | 休市 12-17 11:30:00 北票时间 | | | | | | | | | | | | | 今开 | 700.00 | 看意 | | 895.00 | 成交量 | 12.89万手 | 息市值 ▼ | | 3299亿 重比 | | | | 昨 ...