和利国信智芯持有3.59%的股权，成为公司第一大外部股东。 据闪德资讯获悉，沐曦股份竞价高开568%，报700元，总市值2800亿元，单签盈利近30万元。 历经13次融资、累计募资126.4亿元。 公司成员均长期任职于AMD。 南京浦口区政府通过全资控股的南京浦口开发区高科技投资有限公司，2019年以7.6亿元出资额持有和利国信智芯22.65%的份额，成为基金最大出资人； 南京市产业发展基金、南京江北新区投资发展有限公司等市级国资主体合计持股10.43%，基金管理交由市场化机构和利资本负责。 沐曦股份主要从事自主研发全栈高性能GPU芯片及计算平台。 产品包括用于智算推理的曦思N系列GPU、用于训推一体和通用计算的曦云C系列GPU，以及用于图形渲染的曦彩G系列GPU。 闪德资讯，一个聚焦关注存储产业供应链和趋势变化的垂直媒体。 和利国信智芯成立于2019年，普通合伙人（GP）和利资本的创始团队，脱胎于亚太地区规模最大的半导体领域区域性投资基金，曾深度参与台积电、联 电、联发科等半导体企业的投资布局。 ...

周三，沐曦股份作为"中国GPU四小龙之一"正式登陆A股科创板，发行价104.66元/股，是年内第二高发 行价新股。以开盘价700元/股计算，中一签可赚29.77万元，成为年内最赚钱的新股。 截止发稿，该股仍在持续走强，盘中最高一度拉升约755%，总市值近3400亿元，超过摩尔线程。 沐曦股份此次公开发行4010万股新股，募资规模约42亿元。公司计划将这些资金主要用于新型高性能通 用GPU及人工智能推理GPU的研发与产业化。 从过会到获得批文，沐曦股份仅用时20天，速度比此前备受关注的摩尔线程（34天）更快。在申购方 面，沐曦股份的网上发行最终中签率仅为0.03348913%，比摩尔线程的0.03635054%还低。即便如此， 仍有20349股遭网上投资者放弃认购。而网下申购倍数高达2227.6倍，较摩尔线程的1572倍更加炙手可 热。 凭借其核心团队在高性能GPU芯片领域的深厚技术积淀，迅速成为创投圈的"潜力标的"。其"AMD血 统"技术基因吸引了资本密集加持，公司此前已完成十余轮融资，股东超过120家，包括红杉中国、经纬 创投、国寿资本等知名机构。 据了解，沐曦股份致力于自主研发全栈高性能GPU芯片及计算平 ...

Core Viewpoint - The domestic GPU company, Muxi Co., has officially listed on the STAR Market, achieving a significant opening increase of 568.83% on its first trading day, with a market capitalization reaching 280.1 billion yuan [1]. Company Overview - Muxi Co. is recognized as a leading enterprise in China's high-performance general-purpose GPU products, focusing on the independent research and development of high-performance GPU chips and computing platforms for various advanced fields [6][7]. - The company aims to provide high-efficiency and versatile computing power support for artificial intelligence computing, general computing, and graphic rendering [6]. Financial Performance - Muxi Co. reported revenues of 426,400 yuan in 2022, projected to grow to 530.21 million yuan in 2023, and 743 million yuan in 2024. However, the company is expected to incur net losses of 777 million yuan, 871 million yuan, and 1.409 billion yuan for the same years respectively [6][7]. - In the first quarter of 2025, the company achieved a revenue of 320 million yuan with a net loss of 233 million yuan [7]. Fundraising and Investment Plans - The funds raised from the IPO will be allocated to projects focused on the research and industrialization of new high-performance general-purpose GPUs, next-generation AI inference GPUs, and high-performance GPU technology for emerging applications [7]. Market Sentiment and Future Outlook - The enthusiasm of investors for new technology stocks, particularly in the GPU sector, may depend on several factors, including the supply rhythm of IPOs, policy adjustments, and the fundamental performance of companies [7]. - The competitive landscape of the domestic GPU market will be crucial in determining the long-term investment value of Muxi Co. [7].

Core Viewpoint - The article discusses the successful IPO of Muxi Integrated Circuit (Shanghai) Co., Ltd., a leading domestic high-performance general-purpose GPU company, highlighting its rapid growth and significant market potential in the AI chip sector [2][3][4]. Company Overview - Muxi, established in 2020, focuses on the research, design, and sales of high-performance GPU chips and computing platforms, targeting AI training, inference, general computing, and graphics rendering [5]. - The company has developed the Xisi N series GPU for intelligent inference and the Xiyun C series GPU for integrated training and general computing, with the Xiyun C500 series achieving leading performance levels in China [5]. - As of March 2025, Muxi has sold over 25,000 GPU units, indicating strong market demand [5]. Financial Performance - Muxi's revenue has grown by 4074.52% over the past three years, with a reported revenue of 915 million yuan in the first half of 2025, surpassing the total revenue for 2024 [6]. - The company currently holds an order backlog of 1.43 billion yuan, reflecting robust future revenue potential [6]. Market Position and Strategy - Muxi is positioned as a key player in the domestic AI chip market, emphasizing a fully domestic supply chain and a comprehensive software ecosystem to support its GPU products [6]. - The company aims to build a "1+6+X" ecosystem, focusing on high-efficiency computing support for various industries, including finance, healthcare, energy, education, transportation, and entertainment [6]. Investor Confidence - Early investors express strong confidence in Muxi's potential, citing its unique advantages in technology and market validation, as well as its ability to meet both state-owned and market-driven demands [7][8][9]. - The investment community believes that Muxi's strategic positioning and execution capabilities will enable it to become a leading player in the global AI chip market [7][9].

Core Viewpoint - The article discusses the successful IPO of Mu Xi Integrated Circuit (Shanghai) Co., Ltd., which was listed on the STAR Market with a market value exceeding 300 billion yuan on its first day, highlighting the company's growth and investment backing from notable figures like Cao Xi [3]. Group 1: Company Overview - Mu Xi was officially listed on the STAR Market on December 17, 2025, under the stock code "688802" [3]. - The company has received investments from numerous well-known institutions and local state-owned enterprises, with early investment from Cao Xi during his tenure at Sequoia China [3][4]. - The founder and CEO, Chen Weiliang, has significant experience in GPU product design, having previously worked at AMD [3]. Group 2: Investment Insights - Cao Xi emphasized the importance of the team's organizational capabilities and execution speed during the investment decision process, noting that Mu Xi quickly established a core team and an efficient R&D and management system [4]. - Over the past five years, Mu Xi has consistently exceeded its set goals, strengthening investor confidence [4]. - Monolith, along with its limited partners, held approximately 1.76% of Mu Xi's shares before the IPO [4]. Group 3: Market Potential and Competitive Advantage - Cao Xi expressed strong belief in the explosive and lasting potential of the domestic computing power market, viewing it as a critical turning point for the industry [5]. - Mu Xi is one of the few AI chip companies capable of achieving a fully domestic closed loop, providing a stable foundation for its operations [5]. - The company has a healthy customer structure, serving both state-owned enterprises and major internet companies, which validates its market position [5]. - Mu Xi's next-generation products are expected to enhance its competitive edge, positioning it as one of the strongest domestic AI chip companies [6].

Core Insights - Muxi Integrated Circuit (Shanghai) Co., Ltd. officially listed on the Sci-Tech Innovation Board on December 17, 2025, with a market value exceeding 300 billion yuan on its first trading day [3][4]. Investment Focus - Springhua Capital focuses on early-stage investments in cutting-edge technologies, particularly in AI and semiconductor sectors, and has made significant investments in high-performance GPU and autonomous computing systems [4][6]. - The firm has invested in various promising startups in chip design, including AI computing chips, storage chips, and integrated storage-computing solutions [6][7]. Portfolio and Collaborations - Springhua Capital has a diverse portfolio that includes investments in AI, robotics, and medical technology, with notable companies such as BAIYI ZHIHUI and XINGRUI PHARMACEUTICAL [7][11]. - The firm has established deep collaborations with top universities and research institutions, leveraging its strong alumni network to identify and support innovative entrepreneurs [10][11]. Strategic Vision - Springhua Capital aims to support companies with original innovation and disruptive technologies, believing that small, effective innovations can lead to significant global changes [7][11]. - The firm is committed to facilitating the commercialization of hard technologies and helping Chinese tech companies overcome technological barriers [11].

（文章来源：每日经济新闻） 每经AI快讯，12月17日，沐曦股份盘中涨超660%，股价突破800元大关。 ...

盘中，该股一度涨超750%至892元，总市值达3568.89亿元。 公司主要从事自主研发全栈高性能GPU芯片及计算平台，产品包括用于智算推理的曦思N系列GPU、用于训推一体和通用计算的曦云C系列GPU，以及正在 研发用于图形渲染的曦彩G系列GPU。 "国产GPU第二股"沐曦股份今日正式登陆科创板。 此次IPO，沐曦股份募集资金主要投向"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"。 上市首日，沐曦股份-U(688802.SH)高开568.83%，报700元/股。 按照104.66元/股的发行价计算，中一签（500股）盈利约29.8万元。 沐曦股份此次发行价格为104.66元/股，对应市值约为418.74亿元，市销率为56.35倍。 从首发价格来看，沐曦股份本次发行价格是年内A股第二只首发百元股，仅次于摩尔线程114.28元/股的首发价格。 ...

MACD金叉信号形成，这些股涨势不错！ 格隆汇12月17日丨"国产GPU第二股"沐曦股份今日成功登陆科创板，高开568%报700元，总市值达2800 亿元。根据沐曦股份发布的网上发行申购情况公告，本次发行价格为104.66元/股，即理论上一签最高 或可盈利29.77万元，超越日前上市的摩尔线程，成为A股全面注册制以来最赚钱新股。 ...

沐曦股份涨超700%，股价突破800元大关。 ...