沐曦股份(688802)今日登陆科创板，高开568.8%报700元/股，目前涨约550%。以当前最高价计算，该股 单签最高盈利近30万元。 资料显示，沐曦股份致力于自主研发全栈高性能GPU芯片及计算平台，公司主营业务是研发、设计和销 售应用于人工智能训练和推理、通用计算与图形渲染领域的全栈GPU产品，并围绕GPU芯片提供配套的 软件栈与计算平台。自成立以来，公司始终专注于GPU产品的技术创新和迭代升级，形成了独具优势的 GPU产品体系和自主开放的软件生态，持续为云端计算提供高能效、高通用性的算力支撑，推动人工智 能赋能千行百业，重点布局了教科研、金融、交通、能源、医疗健康、大文娱等行业应用场景，已成为 推动我国智能算力基础设施自主可控的重要力量。 公司主要产品全面覆盖人工智能计算、通用计算和图形渲染三大领域，报告期内先后推出了用于智算推 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。公司的GPU产品基于自主研发的GPUIP与统一的GPU计算和渲染架构，在通用性、单卡性 能、集群性能及稳定性、生态兼容与迁移效率等方面具备较强的核心竞争力，产品综合性 ...

摩尔线程股价上市遭爆炒后，被市场视为"国产GPU第二股"的沐曦股份也备受关注。 12月17日，沐曦股份正式在上交所科创板上市，开盘价格高达700元/股，涨幅超过550%，高于摩尔线 程开盘约468.78%的涨幅。截至发稿，沐曦股份涨超614%，市值接近3000亿元。 12月7日晚间，沐曦股份披露了首次公开发行股票并在科创板上市网上发行申购情况及中签率公告。公 告显示，根据上交所提供的数据，网上发行有效申购户数为517.52万户，有效申购股数为288.62亿股。 回拨机制启动后，沐曦股份网下最终发行数量约2282.91万股，网上最终发行数量为966.55万股，网上发 行最终中签率为0.03348913%。也就是说，每万名"打新"股民中，仅有不到4人能中签。 按照17日的开盘价来计算，"打新"的股民中一签（500股）可赚29.7万元。无怪乎，之前曾有投资者表 示，券商客服通知自己中签时让他"考虑换辆车"。 公开资料显示，沐曦集成电路（上海）股份有限公司于2020年9月成立于上海，技术团队多位核心成员 曾在超威半导体（AMD）长期从事研发工作，主导过十多款世界主流高性能GPU产品研发及量产。 业绩方面，2025年上 ...

沐曦股份此次发行价104.66元/股，为年内第二高发行价新股，仅次于摩尔线程的114.28元/股。按首日 最高价计算，中一签(500股)的投资者浮盈达29.77万元，成为年内第一赚钱新股(此前上市首日单日盈利 额最大的为摩尔线程，以当日收盘价计算，摩尔线程中一签可赚24.31万元，以当日最高价计算，最高 获利超过28.69万元)。 沐曦股份的上市也改变了今年以来新股"肉签"的排名。按上市首日收盘价计算，截至12月16日，摩尔线 程、昂瑞微、影石创新分别以24.31万元、6.65万元、6.49万元，排在打新收益前三位，而沐曦股份以开 盘价格计算便已经可以排在第一。 经济观察网据每经网，12月17日，国产GPU资本盛宴迎第二波，沐曦股份正式在科创板上市，公司股价 开盘大涨568.83%，开盘价高达700元，较发行价104.66元暴涨568.83%，以开盘价计算，中签者单签浮 盈29.77万元，公司最高市值突破2800亿元。 ...

Core Viewpoint - The GPU manufacturer Muxi Co., Ltd. (688802.SH) was listed on the STAR Market on December 17, with an initial offering price of 104.66 CNY per share, leading to a market capitalization of 41.874 billion CNY. The stock price surged by 567.88% to reach 699 CNY per share, resulting in a market cap of 279.7 billion CNY, with investors earning approximately 297,000 CNY per share [2][3]. Company Performance - Muxi reported revenues of 426,400 CNY in 2022, 53.0212 million CNY in 2023, and projected revenues of 743 million CNY and 320 million CNY for the first three months of 2024. The company has incurred net losses of 777 million CNY, 871 million CNY, 1.409 billion CNY, and 233 million CNY for the respective periods [4][5]. - For the first half of this year, Muxi's revenue was 915 million CNY, reflecting a year-on-year growth of 404.51%, but it still reported a loss of 186 million CNY. The company anticipates revenues of 1.2 billion to 1.26 billion CNY for the first nine months of the year, indicating a year-on-year growth of 437.36% to 464.23%, with expected losses of 300 million to 380 million CNY [4][6]. Market Position and Competition - Muxi is recognized as a leading developer of high-performance general-purpose GPU products in China, with a cumulative sales volume of over 25,000 units. However, the company has not yet achieved profitability [4][5]. - The domestic GPU chip market has been dominated by foreign giants, resulting in low penetration rates for domestic products. Muxi's N100 series of intelligent computing inference GPUs are still in the early stages of sales growth [5][6]. - Muxi's market share in the Chinese AI chip market is projected to be around 1% in 2024, amidst increasing competition and a rising trend in the penetration rate of domestic AI chip brands [6].

Core Viewpoint - The debut of Mu Xi Co., Ltd. on the STAR Market on December 17 showcased strong market interest in domestic GPU companies, with the stock price surging by 568.83% on the first day, reflecting high investor confidence in the self-controlled chip industry [1][4]. Group 1: IPO Performance - Mu Xi Co., Ltd. opened at 700 CNY, representing a 568.83% increase from the issuance price of 104.66 CNY, with potential profits for investors reaching up to 31.41 million CNY per share [1][4]. - The company achieved a market capitalization of approximately 418.74 billion CNY at the opening price, with a price-to-sales ratio of 56.35, significantly lower than its peer, Moer Technology, which has a ratio of 122.51 [1][4]. - The subscription rate was notably low at 0.03348913%, indicating that less than 4 out of every 10,000 applicants received shares, which is below the average of 0.04% for new STAR Market stocks in 2025 [1][5]. Group 2: Financial Performance - Mu Xi Co., Ltd. reported rapid revenue growth, with revenues of 42.64 million CNY in 2022, 530.21 million CNY in 2023, and projected revenues of 743 million CNY in 2024, resulting in a compound annual growth rate of 4074.52% over three years [6]. - Despite the revenue growth, the company remains unprofitable, with net losses of 7.77 billion CNY in 2022, 8.71 billion CNY in 2023, and 14.09 billion CNY in 2024, and a loss of 2.33 billion CNY in the first quarter of 2025 [7]. Group 3: Fundraising and Investment Plans - The company plans to raise approximately 41.97 billion CNY, which will be allocated to three major GPU research and development projects focused on technological innovation [8]. - Strategic investors, including the National Artificial Intelligence Industry Investment Fund, China Telecom, JD.com, and Meituan, participated in the subscription, indicating strong confidence in the future of domestic GPU chips [4].

Core Viewpoint - The company Muxi Co., Ltd. (688802.SH) was listed on the STAR Market on December 17, with an initial offering price of 104.66 CNY per share, resulting in a market capitalization of 41.874 billion CNY. The stock price surged by 567.88% after opening, reaching 699 CNY per share and a market cap of 279.7 billion CNY, providing investors with a profit of 297,000 CNY per share [1] Company Overview - Muxi is a leading developer of high-performance general-purpose GPU products in China, with a founding team that previously worked at AMD. The company's GPU performance is claimed to be among the top tier domestically, with cumulative sales exceeding 25,000 units [2][3] Financial Performance - Muxi has not yet achieved profitability, reporting revenues of 426,400 CNY in 2022, 53.0212 million CNY in 2023, 743 million CNY in the first three months of 2024, and 320 million CNY in the same period. Net losses were 777 million CNY, 871 million CNY, 1.409 billion CNY, and 233 million CNY respectively, with total losses exceeding 3.2 billion CNY from 2022 to 2024 [4] - In the first half of this year, Muxi's revenue reached 915 million CNY, a year-on-year increase of 404.51%, but it still incurred a loss of 186 million CNY. The company expects revenues of 1.2 billion to 1.26 billion CNY for the first nine months of this year, representing a year-on-year growth of 437.36% to 464.23%, with anticipated losses of 300 million to 380 million CNY [4] Market Position and Competition - The domestic GPU chip market has been dominated by foreign giants, resulting in low penetration rates for domestic products. Muxi's products, such as the Xisi N100 series, are still in the early stages of sales growth. The company anticipates reaching a breakeven point no earlier than 2026 [4] - The domestic AI chip market is experiencing increased penetration of local brands, but a clear competitive landscape has yet to emerge. Muxi is projected to hold approximately 1% market share in the Chinese AI chip market by 2024, based on sales value and computational capacity metrics [5]

（声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 12月17日，头顶"国产GPU第二股""年内第二贵新股"光环，成立仅五年的沐曦股份上市首日即高开 568.83%，市值一举突破2801亿元。若按照开盘价700元/股计算，中一签投资者盈利29.77万元，成为年 内最赚钱的新股。 值得注意的是，私募大佬葛卫东及其实际控制的混沌投资合计持有2693.79万股，占沐曦股份发行后的 6.73%，若按沐曦股份当日开盘价计算，持股市值超188亿元，而投入仅10多亿元。 （原标题：比"摩王"还牛！沐曦股份中一签赚近30万，葛卫东大赚超百亿） ...

Core Viewpoint - The article highlights the successful IPO of Muxi Co., Ltd. (沐曦股份), which saw a significant opening price and a substantial increase on its debut, reflecting the strong market interest in new tech stocks, particularly in the GPU sector [1][4]. Summary by Sections IPO Performance - Muxi Co., Ltd. debuted on the A-share market on December 17, with an opening price of 700 CNY, marking an increase of 568.83% from its issue price of 104.66 CNY per share. Investors who received shares could earn at least 200,000 CNY from a single lot [1]. - The total number of shares issued was 40.1 million, raising approximately 419.69 million CNY in total funds, with a net amount of 389.93 million CNY after expenses [1]. Market Context - The article compares Muxi Co., Ltd. to other successful IPOs, such as Moore Threads, which provided significant returns to investors shortly after listing. For instance, Moore Threads allowed investors to earn over 280,000 CNY on the first day and more than 400,000 CNY by the fifth day [3]. - Muxi Co., Ltd. is positioned as a leading company in the domestic GPU market, focusing on high-performance GPU products for AI training, inference, and graphics rendering. The company is noted for its "soft and hard integration" product matrix and aims for high-end product development [4]. Industry Significance - Both Muxi Co., Ltd. and Moore Threads are seen as representatives of China's high-quality development in technology, embodying the aspirations for technological independence and innovation against international competition [4]. - The article raises concerns about potential missteps similar to those of Moore Threads, particularly regarding the use of raised funds for cash management rather than R&D, suggesting that Muxi Co., Ltd. should avoid such actions post-IPO [5].

Group 1 - A total of 18 companies have announced their performance forecasts for the year 2025, with 12 expecting profit increases, 2 expecting profit decreases, and 1 forecasting a loss [1] - The companies with the highest expected profit increase include Baiao with a forecasted increase of 303.57% and Lixun Precision with a forecasted increase of 26.09% [1] - Companies such as Cangrui are predicting a loss of 19.44%, while Zhongcheng and Jinhua expect profit decreases of 4.14% and 5.47% respectively [1] Group 2 - The industries represented in the forecasts include pharmaceuticals, electronics, power equipment, machinery, and automotive sectors [1] - Notable companies in the electronics sector include Nuxi and Moer Thread, both of which are expecting reduced losses [1] - The automotive industry has companies like Hai'an Group with a stable forecast and TaiKai Ying with a profit increase of 10.44% [1]

Core Viewpoint - The debut of Mu Xi Co., Ltd. (stock code: 688802), known as the "second domestic GPU stock," saw its share price surge by 568.83% on the first trading day, reaching 700 CNY per share, resulting in significant profits for investors [2][3]. Company Overview - Mu Xi Co., Ltd. was established in September 2020 and is a leading enterprise in the domestic high-performance general-purpose GPU sector, focusing on the development of high-performance GPU chips and computing platforms for applications in AI training, inference, and graphics rendering [6][7]. - The company has launched its first fully domestic general-purpose GPU, the Xi Yun C600, which is expected to enter risk mass production by the end of this year and formal mass production in the first half of 2026 [7]. Financial Performance - The company has not yet achieved profitability, with revenues reported for 2022, 2023, 2024, and the first quarter of 2025 being 42.64 thousand CNY, 5.30 million CNY, 74.31 million CNY, and 32.04 million CNY respectively. Net losses for the same periods were -77.7 million CNY, -87.1 million CNY, -140.9 million CNY, and -23.3 million CNY [7][8]. - For 2025, the company projects revenues between 1.5 billion CNY and 1.98 billion CNY, representing a growth of 101.86% to 166.46% compared to 2024, while expecting a reduced net loss of -763 million CNY to -527 million CNY [8]. Market Activity - The initial public offering (IPO) of Mu Xi Co., Ltd. involved the issuance of 40.1 million shares at a price of 104.66 CNY per share, raising approximately 4.197 billion CNY [4][6]. - The stock's opening day saw a total market capitalization of 280.1 billion CNY, with significant trading volume recorded [3][4]. Investor Interest - Notable investors, including prominent private equity figure Ge Weidong and his firm Chaos Investment, have heavily invested in Mu Xi Co., Ltd., holding a total of 26.94 million shares, valued at approximately 18.858 billion CNY at the opening price [2][9]. - The company attracted a wide range of institutional investors prior to its IPO, having raised a total of 12.64 billion CNY through 13 financing rounds [10]. Comparison with Peers - The initial subscription rate for Mu Xi Co., Ltd. was lower than that of its peer, Mo Er Thread, indicating a more competitive market for new investors [5]. - Mo Er Thread, which debuted earlier, saw a first-day increase of 425.46%, highlighting the volatility and potential profitability of new listings in the A-share market [6].