继摩尔线程之后，另一"GPU芯片四小龙"成员沐曦股份今日登陆A股，发行价为104.66元/股。 沐曦股份开盘大涨568.83%，最新股价报700元/股，若据此计算，中一签新股赚29.8万元。 | 沐陵 | N 木 / | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | SH 688802 ■ Level1基础行情 ■ 上海交易所 ■ 科创板 | | | 所属行业 × 半导体 0.00% > | | | | | | 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 | 总市值 ▼ | 2801亿 | 量比 | | | 昨收 | 104.66 | 最低 | | 700.00 | 成交额 | 10.65亿 | 总股本 | 4.00亿 | 载比 | -95.14% | | 换手率 | 8.39% | ...

Core Viewpoint - Muxi Co., Ltd., known as the "second domestic GPU stock," has successfully listed on the A-share market, experiencing a significant price surge of 568.83% during the morning session, with a stock price reaching 700 yuan compared to the issue price of 104.66 yuan, resulting in a profit of nearly 300,000 yuan for a single subscription [1][4]. Company Overview - Muxi Co., Ltd. focuses on the independent research and development of high-performance GPU chips and computing platforms, consistently engaging in the GPU and artificial intelligence sectors since its establishment. The company emphasizes independent innovation and has a research and management team with deep insights into global industry trends, possessing top-tier GPU technology and scarce mass production experience [2][6]. Product Development - The latest product from Muxi Co., Ltd., the Xiyun C600 series, is expected to have performance levels between NVIDIA's A100 and H100 models, with risk mass production anticipated by the end of this year and formal mass production scheduled for the first half of 2026. The next-generation Xiyun C700 series, built on a domestic supply chain, is expected to enter the tape-out phase in the second half of 2026 [3][7]. IPO and Subscription Details - During the recent online investor communication for Muxi Co., Ltd.'s Sci-Tech Innovation Board IPO, it was reported that there were 5.1752 million valid subscription accounts, with a total of 28.862 billion shares subscribed. The initial subscription rate was 0.02223023%, which increased to 0.03348913% after the adjustment mechanism was activated, both rates being lower than that of Moer Thread [3][7].

Group 1 - The core viewpoint of the article highlights the successful IPO of domestic GPU company Muxi Co., Ltd., which saw its stock price surge by 568.83% on the first day of trading, reaching 700 yuan, resulting in a market capitalization of 280 billion yuan [1][2]. - Muxi Co., Ltd. issued shares at a price of 104.66 yuan per share, leading to an initial market valuation of approximately 41.87 billion yuan. The company issued 40.1 million shares, representing 10.02% of the total share capital post-issuance, with expected net fundraising of 3.899 billion yuan for various GPU development projects [2]. - Founded in September 2020, Muxi Integrated Circuit (Shanghai) Co., Ltd. aims to develop a full-stack GPU chip product line, including the Xisi N series for intelligent computing inference, the Xiyun C series for general computing, and the Xicai G series for graphics rendering [3].

Group 1 - The core point of the article is the successful listing of domestic GPU giant Muxi Co., which saw its stock price surge over 568% to 700 CNY after an initial offering price of 104.66 CNY per share [3][4]. - Muxi Co. is noted as a rare full-stack GPU manufacturer in China, indicating its unique position in the market [3]. - The company has maintained rapid revenue growth in recent years, which is a significant factor contributing to its strong market performance [3]. Group 2 - The A-share market opened with mixed results, with the Shanghai Composite Index down 0.06%, while the Shenzhen Component Index and the ChiNext Index saw slight increases of 0.10% and 0.03%, respectively [5]. - In the Hong Kong market, the Hang Seng Index opened up 0.03%, and the Hang Seng Tech Index rose by 0.09%, with notable stocks like Zijin Mining and Geely Automobile performing well [6][7]. - The market trends indicate a weakness in sectors such as smart driving and nuclear fusion, while lithium mining and pork-related stocks showed strength [5].

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。 12月17日，沐曦股份竞价高开568%，股价报700元，总市值超2800亿元，以开盘价计算，中一签赚 29.77万元。 编辑 ｜ 钉钉 | W | N沐曦-U(688802) | | | | | | --- | --- | --- | --- | --- | --- | | | | 交易中 12-17 09:25:02 融 成 | | | | | 700.00 | | 额 10.6亿 股本 4.00亿 市盈 -288 | | | 万得 | | | 595.34 568.83% 换 8.39% 市值 2801亿 市净 20.83 | | | | 盘口 | | 分时 五日 | | 日K 園K 目K | | 由え | | | 叠加 | | 均价:700.00 | 盘口 | 资金 | | | 700.00 | | 568.83% | 卖五 | | | | | | | | 702.00 | 3 | | | | | 重四 | 700.18 | ...

沐曦股份竞价高开568%，股价报700元，总市值达2800亿元，单签盈利近30万元。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。 ...

| | | | 688802 触 新 成 L1 | | --- | --- | --- | --- | | 昌 700.00 | | 700.00 市值 2800.7亿 量比 | | | 595.34 568.83% TRV | | 700.00 流通 126.97亿 换 8.39% | | | 09:25:58 ① 开 | | 700.00 市盈TM 写损 额 10.65 Z | | | 同在线 重要提示: 新上市 | | | | | 用语 | | | | | 分时 日K | 周K 月K 五日 | 更多▼ | | | 集合竞价 | 均价:700.00 最新:700.00 595.34 +568.83% | | | | 941.94 (?) | | +800.00% 卖1700.00 487 | | | | | ¥1699.99 2 | | | 104.66- | | 日 2日 - -0.00%- | | | | | 09:24 700.00 1.13万 | | | | | 09:24 700.00 1.15万 | | | | | 09:24 700.00 1.18万 | | | | | 09:24 700. ...

沐曦股份此次发行价格为104.66元/股，对应市值约418.74亿元，市销率为56.35倍，仅为摩尔线程122.51 倍市销率的一半。公司共发行4010万股，占发行后总股本的10.02%，扣除发行费用后预计募集资金净 额为38.99亿元。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 风险提示及免责条款 沐曦股份上市首日高开568.83％，报700元，按开盘价计算，中一签可赚29.77万元。 在近期科创板上市的半导体企业中，该中签率处于低水平，申购热度位居第一梯队。国家人工智能产业 投资基金、中国电信、京东、美团等众多战略投资者参与认购，显示市场对国产GPU芯片前景的高度关 注。 ...

Core Viewpoint - Muxi Co., Ltd. (688802) experienced a significant stock price surge of 568%, opening at 700 CNY per share, with a potential profit of nearly 300,000 CNY for investors holding one lot [1] Company Overview - Muxi Co., Ltd. focuses on the independent research and development of high-performance GPU chips and computing platforms, with key products including the Xisi N series GPU for intelligent computing inference, the Xiyun C series GPU for training and general computing, and the upcoming Xicai G series GPU for graphic rendering [1] - The latest product, the Xiyun C600 series, offers performance between NVIDIA's A100 and H100 GPUs, achieving a closed-loop domestic supply chain from chip design to packaging and testing, with risk mass production expected by the end of this year and formal mass production in the first half of next year [1] Financial Performance - Muxi Co., Ltd. reported revenues of 426,400 CNY, 53,021,200 CNY, and 743,000,000 CNY for the years 2022 to 2024, respectively, indicating a compound annual growth rate (CAGR) of 4074.52% over the last three years [1] - In the first three quarters of this year, the company's revenue grew by 453.52% year-on-year, reaching 1,236,000,000 CNY [1]

Group 1 - The core viewpoint of the article is the listing of Muxi Co., Ltd. on the Sci-Tech Innovation Board, marking its entry into the high-performance GPU market [1][2]. - Muxi Co., Ltd. was established in September 2020 and focuses on the independent research and development of high-performance GPU chips and computing platforms, with applications in AI training, inference, general computing, and graphics rendering [2]. - The company reported revenues of 0.4264 million yuan in 2022, projected to grow to 7.43 billion yuan by 2024, with a forecasted revenue of 1.5 billion to 1.98 billion yuan for 2025, indicating a year-on-year growth of 101.86% to 166.46% [2]. Group 2 - The company is listed under the computer, communication, and other electronic equipment manufacturing industry, with an issue price of 104.66 yuan and a public offering median price of 111.48 yuan [3]. - The main underwriter for the IPO is Huatai United Securities, with a subscription limit of 6,000 shares and a total market value of 41.874 billion yuan [3]. - Comparable companies in the industry include Cambrian, with a market value of 251.08 billion yuan, Haiguang Information at 175.75 billion yuan, and Jingjiawei at -411.99 billion yuan [3].