Group 1 - The core viewpoint of the article highlights that Muxi Co., Ltd. (688802.SH) officially listed on December 17, experiencing a significant first-day surge of nearly 750%, with a peak price of 895 CNY per share, making it the "king of new listings" this year [2] - Muxi Co., Ltd. is a leading enterprise in high-performance general-purpose GPU products in China, focusing on the research and development of full-stack high-performance GPU chips and computing platforms for AI training, inference, general computing, and graphics rendering [2] - The company has launched several GPU products, including the Xisi N series for intelligent inference and the Xiyun C series for integrated training and general computing, with the Xicai G series for graphics rendering currently under development [2] Group 2 - Despite impressive revenue growth, Muxi Co., Ltd. is still in a phase of significant investment and has reported substantial cumulative losses, with net profits of approximately -777 million CNY, -871 million CNY, -1.409 billion CNY, and -233 million CNY for the years 2022, 2023, 2024, and the first quarter of 2025, respectively [3] - The AI chip industry, as noted by Zheshang Securities, is characterized by high R&D difficulty, large investments, and long cycles, with current leading trends still dominated by overseas manufacturers [3] - Muxi Co., Ltd. acknowledges in its prospectus that while some products have achieved mass production, entering key industry clients requires rigorous technical validation and ecosystem adaptation, and the current revenue is insufficient to cover high R&D and operational costs [3]

AMD系创业天团，五年铸就超级IPO 2025 年 12 月 17 日，国产高性能 GPU 领军企业沐曦集成电路（上海）股份有限公司（股票代码： 688802.SH）正式登陆科创板。发行价 104.66 元 / 股的沐曦股份，开盘即暴涨 568%，股价冲至 700 元 高位，市值瞬间突破 3000 亿元，成为年内最赚钱新股 —— 中一签（500 股）投资者浮盈超 29.7 万元， 刷新 A 股 "肉签" 纪录。 这是科创板短短半个月内诞生的第二家千亿市值 GPU 企业。此前，摩尔线程于 12 月 5 日上市后市值一 度突破 4400 亿元，两家企业接连引爆资本市场，标志着国产算力赛道进入资本化加速期。 沐曦的崛起离不开其硬核创始团队。掌舵者陈维良毕业于电子科技大学与清华大学，拥有超威半导体 （AMD）十余年任职经历，曾任高级总监。2020 年，他联合两位 AMD 前企业院士彭莉、杨建共同创 立沐曦，核心团队成员多来自 AMD，形成技术壁垒深厚的 "老兵创业团"。 "Meta 代表起源，X 象征未来"，陈维良赋予公司英文名 "MetaX" 深刻寓意。这支团队仅用两年就完成 首款芯片曦思 N100 流片，核心产品 ...

2025.12. 17 本文字数：1191，阅读时长大约2分钟 作者 | 一财 阿驴 11:31 A股午盘丨创业板指半日涨超1% 截至午盘，沪指涨0.17%，深成指涨0.83%，创业板指涨1.21%。 盘面上，锂电池产业链强势，CPO概念股反复活跃，航空、有色金属涨幅居前。商业航天、海南自 贸区等题材调整。新股沐曦股份半日大涨近700%，总市值一度超摩尔线程。 | 板块名称 | 涨幅量 | 涨速 | 涨停数 | | --- | --- | --- | --- | | 能源金属 | +3.62% | -0.32% | | | 旅游及酒店 | +2.33% | +0.02% | 2 | | 机场航运 | +1.83% | -0.04% | | | 医药商业 | +1.78% | +0.12% | - | | 小金属 | +1.70% | -0.24% | | | 申沁 | +1.59% | -0.03% | - | | 金属铅 | +1.55% | -0.12% | | | 金属钻 | +1.44% | -0.13% | = | | 同花顺果指数 | +1.31% | +0.08% | 1 | | 贵金属 | + ...

一分钟读完你可能不懂，打一签可能赚十几万，这是真事儿，还是一场带着国字号光环的资本狂欢？ 沐曦股份，发行价104.66元，募资超40亿，网下配售万人中四人得其一，这样的数据，能不让人眼睛发 亮吗； 国家人工智能产业投资基金领衔，这不是花边新闻，这是政策意志在市场上的一次亮相，国家站台了， 市场就跟着激动起来； 摩尔线程就在前面，单签浮盈28万的纪录像鞭子，抽得同行们热泪盈眶，大家都想做下一个幸存者，问 题是，幸存者多吗——并不是； 认购火爆，数字惊人，571.69亿股的有效申购堆在那里，显示的是资金的急切与稀缺性的放大效应，而 不是企业当下利润的真实映射； 招股书上写着近三年巨额亏损，预计最早2026年才能打平，这句话像冷水，泼在所有幻想上，股价飙升 靠的不是利润，是对未来的押注； 摩尔线程的案例不能简单复制，历史是一面镜子，但镜子反射的是概率而非必然，别把一个神话当作普 遍规则； 技术上，沐曦还在追赶英伟达那样的对手，硬件、软件、生态三座大山不是一句漂亮PPT就能搬走的， 募资是一把刀，也得有人会用； 商业上，从"能用"到"好用"，从试点到规模化采购，这条路需要客户信任、成本控制和时间，时间是残 酷的考官， ...

Group 1 - The core viewpoint of the article highlights that Muxi Co., Ltd. (688802.SH) officially listed on December 17, experiencing a significant first-day surge of nearly 750%, reaching a peak of 895 CNY per share, making it the "king of new listings" this year [1] - Muxi Co., Ltd. is a leading enterprise in high-performance general-purpose GPU products in China, focusing on the research, design, and sales of full-stack high-performance GPU chips and computing platforms for AI training, inference, general computing, and graphics rendering [1] - The company has launched several GPU products, including the Xisi N series for intelligent computing inference, the Xiyun C series for integrated training and general computing, and the upcoming Xicai G series for graphics rendering [1] Group 2 - Despite impressive revenue growth, Muxi Co., Ltd. is still in a phase of significant investment and has incurred substantial cumulative losses, with net losses reported at approximately -777 million CNY, -871 million CNY, -1.409 billion CNY, and -233 million CNY for the years 2022, 2023, 2024, and the first quarter of 2025, respectively [2] - The AI chip industry, as noted by Zheshang Securities, is characterized by high R&D difficulty, large investments, and long cycles, with current leading trends still dominated by overseas manufacturers [2] - Muxi Co., Ltd. acknowledges in its prospectus that while some products have achieved mass production, entering key industry clients requires rigorous technical validation and ecosystem adaptation, and the current revenue is insufficient to cover high R&D and operational costs [2]

| 交易中 12-17 09:30:00 北京时间 | | 700.00元 +595.34 +568.83% | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 今开 | 700.00 | | 最高 | 700.00 | | 成交量 | 1.52万手 | | 昨收 | 104.66 | | 最低 | 700.00 | | 成交额 | 10.65亿 | | 换手率 | 8.39% | | 市盈(TTM) | 亏损 | | 总市值 | 2801亿 | | स्त्रे | 五日 | 日K | 周K | 月K | 家K | 年K | 更多v | | 均线 MA5: -- MA10: -- MA20: -- | | | | | | | 前复权 | | -700.00 700.00 | | | | | | | | | 675.00 | | | | | | | | 如果以开盘价卖出，单签浮盈近30万元，比摩尔线程还牛逼！ 几天前，中国版的英伟达摩尔线程上市，首发价格114.28元/股，上市首日收盘报600.5元/股，涨幅为 425.46%，盘中最 ...

12月17日，沐曦股份正式登陆科创板。首日开盘较104.66元/股的发行价上涨750%，盘中最高触及895 元/股，总市值一度超过3500亿元。据最高价计算，中一签（500股）新股可赚近40万元，成为今年以来 的"打新之王"。 从2020年9月成立到上市，沐曦股份仅用了五年，其营收从2022年的42.64万元飙升至2024年的7.43亿 元，上演了商业上的"光速神话"。而这个神话的书写，始于一个顶尖的技术团队，而成于一场汇聚了顶 级VC、产业巨头、私募大佬乃至国家资本的合力。 在众星云集的股东名单中，个人投资者葛卫东尤为醒目。这位以期货投资闻名市场的"私募大佬"，通过 直接持股和其控制的混沌投资，在沐曦股份上市前合计持股比例达7.48%，是公司最重要的外部自然人 股东。 AMD基因与第一张"信任票" 沐曦股份的起点，根植于其核心团队深厚的"AMD基因"。招股书显示，创始人、董事长兼总经理陈维 良在AMD任职超过13年，曾任AMD高级总监。彭莉与杨建均曾任AMD企业院士，其中杨建还曾辗转华 为与海思。这支平均拥有超过15年世界一流GPU产品研发及量产经验的团队，构成了沐曦股份最初始、 也最昂贵的"无形资产"。 ...

12月17日，沐曦集成电路（上海）股份有限公司（股票简称：沐曦股份，股票代码：688802.SH）正式在上海证券交易所科创板挂牌上市。 沐曦股份是国内高性能通用GPU产品的领军企业之一，深耕全栈高性能GPU芯片及计算平台自主研发，公司主营业务聚焦研发、设计和销售应用于人工 智能训练与推理、通用计算与图形渲染三大领域，专注于全栈GPU产品研发、设计与销售，并围绕GPU芯片提供配套的软件栈与计算平台。凭借深厚的技术 沉淀与持续创新，沐曦股份产品在通用性、核心性能、商业化和自主可控方面均处于国内市场领先地位。 沐曦股份此次上市发行股票价格为104.66元/股，募集资金总额41.97亿元。募集资金将重点投向"新型高性能通用GPU研发及产业化项目"、"新一代人工 智能推理GPU研发及产业化项目"和"面向前沿领域及新兴应用场景的高性能GPU技术研发项目"，以持续巩固算力底座，赋能千行百业。 政策护航"硬科技"企业发展，170天挂牌科创板 沐曦股份是国内少数几家系统掌握高性能GPU芯片及其基础系统软件研发、设计和量产技术的企业。此次顺利上市，将帮助公司在完成现有核心产品线 持续迭代升级的同时，进一步扩大市场份额，丰富前沿技 ...

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. officially listed on the STAR Market on December 17, marking a significant milestone for companies in the high-performance general GPU sector in China [1]. Group 1: Company Overview - Muxi Co. is dedicated to the independent research and development of full-stack high-performance GPU chips and computing platforms, providing high-efficiency and versatile computing power support for cutting-edge fields such as intelligent computing, general computing, and cloud rendering, thereby contributing to the development of the digital economy [4]. - The company has established a comprehensive technical system covering chip design, software stack development, and system integration, occupying an important position in the process of GPU autonomy and controllability [4]. Group 2: Information Security - Since 2021, Muxi Co. has adopted DingTalk as its core digital foundation, initiating the construction of organizational collaboration and information security systems. This includes private deployment, unified identity authentication, data isolation, and permission-level management, significantly strengthening the company's information security strategy [4]. Group 3: Industry Focus - DingTalk will continue to focus on the needs of high-tech industries, enhancing platform security, flexibility, and AI product capabilities, providing a solid operational and business foundation for more leading technology enterprises, and supporting China's manufacturing to succeed in the AI era [5].

2025年12月17日，沐曦集成电路（上海）股份有限公司（688802.SH，以下简称"沐曦股份"）成功在上 海证券交易所科创板上市。本次发行募集资金人民币41.97亿元，华泰联合证券担任独家保荐人及主承 销商。本项目是近两年长三角地区发行规模最大的IPO项目，也是全面注册制以来自财务数据基准日至 完成首次申报速度最快的IPO项目。 "十五五"规划建议明确提出"加快高水平科技自立自强"，相关部署和要求，扬起了新征程上科技创新的 奋进风帆。沐曦股份是国内高性能通用GPU产品的主要领军企业之一，沐曦股份本次A股上市，是国家 战略性新兴产业融合发展大势所趋，是科创板深化改革"1+6"政策体系的成果体现，是中国人工智能产 业自主化突破与长远发展的重要一步。作为优质未盈利科技创新企业，沐曦集成的成功上市也是其打通 发展堵点痛点、加速科技成果转化的重要一步。 责任编辑：栎树 沐曦股份致力于自主研发全栈高性能GPU芯片及计算平台，自成立以来持续深耕GPU和人工智能行业， 始终坚持自主创新，依托一支深刻洞察全球行业发展趋势、拥有高性能GPU顶尖技术及稀缺量产经验的 研发管理团队，完成全栈高性能GPU产品设计开发，积累大量核心 ...