Core Insights - Muxi Co., Ltd. identifies government and enterprise clients as one of its main customer segments [2] - The Xisi N100 product, launched in 2022, is the company's first product designed for various traditional AI application scenarios, providing strong inference computing power and video encoding/decoding capabilities [2] - Subsequent products in the Xisi N series, such as Xisi N260 and Xisi N300 (under development), are primarily aimed at cloud-based AI inference scenarios under generative artificial intelligence, featuring powerful mixed-precision computing power and large memory capacity [2] Product Details - The Xisi N100 product is applicable in smart city, smart transportation, smart education, and intelligent video processing sectors [2] - The upcoming Xisi N series products support mainstream deep learning development frameworks and are designed to provide end-to-end acceleration services for content generation applications and large language models [2] - The company commits to timely information disclosure in accordance with relevant regulations to ensure investors' right to know [2]

（编辑 丛可心） 证券日报网讯 1月19日，沐曦股份在互动平台回答投资者提问时表示，公司聚焦六大重点行业进行生态 建设。公司将在教科研、金融、交通、能源、医疗健康、大文娱等领域持续积累实际落地经验，与广大 软硬件生态伙伴合作击穿相关行业的AI应用场景，打造标杆案例，形成可复制的应用解决方案并在行 业内大范围商业推广。具体措施层面，主要通过技术开源主动赋能垂直领域的生态伙伴，开展联合科研 课题和创新项目合作，同时安排技术团队前移一线市场，深入理解行业客户的实际需求，快速沉淀产品 解决方案予以支持。 ...

Core Viewpoint - Muxi Co., Ltd. has developed the Xiyun C700 series, which utilizes advanced domestic manufacturing processes and establishes a closed-loop domestic supply chain from design to packaging and testing, ensuring core technology is independently controllable [1] Group 1 - The Xiyun C700 series performance benchmarks against the H100, showing significant improvements in computing power, storage capacity, communication capabilities, and energy efficiency compared to the company's current products [1]

Core Viewpoint - The company aims to become a world-class GPU chip and computing platform provider, positioning itself as a cornerstone of the digital economy [1] Group 1: Company Vision and Strategy - The company adheres to a vision of creating world-class GPU chips and computing platforms, focusing on becoming a foundational element of the digital economy [1] - The sustainable development strategy is guided by "policy leadership, product excellence, customer-centricity, and comprehensive support from corporate culture" [1] - Future plans include a market-oriented approach driven by independent innovation, implementing a "three-step" and "1+6+X" development strategy to enhance market expansion [1] Group 2: Market Position and Brand Development - The company intends to convert product advantages into market leadership, aiming to establish a strong brand reputation [1] - Continuous efforts will be made to elevate the company's industry status and influence [1] Group 3: Industry Ecosystem and Collaboration - The company is committed to promoting technological progress through open collaboration, accelerating the domestic AI industry chain layout [1] - Efforts will be made to foster a positive industry ecosystem [1]

证券日报网讯1月19日，沐曦股份在互动平台回答投资者提问时表示，公司训推一体GPU具备国内领先 的计算能力，拥有丰富的标量、矢量和张量计算单元，支持多精度计算，能够满足人工智能训练和推 理、通用计算、科学计算等多元化的算力需求，大幅提升了智算集群的多场景融合应用能力。同时，公 司是全球少数几家掌握了复杂多级缓存结构的GPU企业，凭借独特的缓存组网技术，能够针对不同场景 灵活自适应多级缓存控制策略，实现对高速缓存的精细管控、有效提升缓存命中率，满足GPU高算力下 对于高带宽的需求。智算推理GPU曦思N系列产品是公司于2022年推出的首款产品，定位为应用于人脸 识别、图像识别、文本分类等传统人工智能推理场景的算力芯片。公司曦思N100产品系面向传统人工 智能场景，内置性能强劲的视频处理器和运算核心，可广泛应用于智慧城市、智慧交通、智慧教育、智 能视频处理等场景；公司曦思N系列后续迭代产品(N260与N300系列(在研))系面向生成式人工智能场 景，拥有多精度混合算力、大容量显存和较高的能效比，可广泛应用于大模型推理、生成式应用等场 景。 ...

Industry Overview - The GPU product market has significant growth potential, particularly in the rapidly developing artificial intelligence (AI) computing sector [2] - The company is projected to capture approximately 1% of the domestic AI chip market share in 2024, benefiting from the accelerating trend of domestic substitution [2] Company Performance - The company has demonstrated strong technical advantages and product competitiveness, leading to widespread application of its products across major downstream industries in AI [2] - There is a continuous repurchase from existing customers and ongoing acquisition of new clients, contributing to rapid revenue growth [2] - The company has a robust order backlog and ample potential business opportunities, indicating a healthy growth trajectory [2] Business Strategy - The company is focusing on various types of computing power base customers while actively expanding into internet and telecommunications sectors, which has started to yield positive results [2] - The internet and telecommunications sectors are expected to become significant growth drivers for the company's future business [2]

（编辑 任世碧） 证券日报网讯 1月19日，沐曦股份在互动平台回答投资者提问时表示，受益于加速国产替代的行业趋 势，公司未来业务增长空间较大。从公司自身来看，凭借突出的技术优势和较强的产品竞争力，沐曦股 份产品已在人工智能下游各主要行业得到广泛应用，存量客户持续复购、新客户不断开拓，公司收入规 模呈快速增长，目前在手订单及潜在商机充足；公司以各类型算力底座客户为基本盘，同时大力开拓互 联网和运营商客户并已初见成效，未来亦将成为重要的业务增长极，提供发展动能。 ...

Core Viewpoint - The company, Muxi Co., has demonstrated its industry-leading capabilities in high bandwidth and multi-card interconnection, positioning itself as a key player in the AI computing sector [2] Group 1: Technology and Innovation - The company has developed the MetaXLink high-speed interconnection technology, which overcomes traditional PCIe bus limitations in bandwidth and latency, achieving interconnection bandwidth performance comparable to H200 [2] - The GPU products of the company can support various interconnection topologies and supernode architectures, catering to diverse needs from small to large-scale training [2] - The company has effectively balanced computing power, interconnection communication, and software ecosystem, enabling its GPU products to perform robustly in actual intelligent computing cluster operations [2] Group 2: Market Position and Applications - The company's GPU products are capable of executing massive parameter model distributed training tasks stably and without interruption, providing critical technical support for complex AI tasks [2] - The products support the construction of heterogeneous fusion computing clusters, allowing for elastic expansion and helping downstream customers optimize existing resources during the domestic substitution process [2] - The solutions provided by the company enhance the overall computing power efficiency and offer optimization plans for expanding existing intelligent computing clusters [2]

Core Viewpoint - The company has established a stable supply chain system and has accumulated rich experience in supply chain management, ensuring high-quality and sustainable supply and delivery of products [2] Group 1: Supply Chain Management - The company possesses a dynamic and flexible inventory management mechanism [2] - It has initiated the layout of a domestic supply chain early and has planned and designed products based on this domestic supply chain [2] - The company has made certain breakthroughs in the localization of key processes such as wafer production, packaging and testing, storage particles, EDA, and IP [2] Group 2: Market Position and Strategy - As the company's market influence and industry chain resources gradually increase, it will continue to cultivate domestic suppliers [2] - The company aims to further promote the localization of key supply links, enhancing the competitiveness of the domestic integrated circuit industry chain [2]

证券日报网讯1月19日，沐曦股份在互动平台回答投资者提问时表示，公司目前正在大力开拓互联网企 业和运营商两类关键客户，稳步推进相关产品测试、导入及商务洽谈，并已取得一定成效。 ...