国产GPU龙头，IPO成功过会！从申请到过会仅116天！

Core Viewpoint - The Shanghai Stock Exchange has approved the IPO application of Muxi Integrated Circuit (Shanghai) Co., Ltd., marking a significant step for the company as it aims to enter the Sci-Tech Innovation Board [1] Group 1: IPO Process and Timeline - Muxi's IPO application was processed in just 116 days from acceptance to approval, highlighting the efficiency of the listing process for hard-tech companies [1] - Another domestic GPU manufacturer, Moore Threads, completed its IPO approval in 88 days, indicating a competitive landscape among Chinese AI chip firms [3] Group 2: Company Performance and Product Development - Muxi focuses on the development of full-stack GPU products for AI training inference, general computing, and graphics rendering, with its flagship GPU, the Xiyun C500 series, already in mass production [3] - The company's revenue is projected to grow from 426,400 yuan in 2022 to 743 million yuan in 2024, representing a staggering growth rate of 4074.52% [3] - Muxi's GPU products have sold over 25,000 units and are deployed in over 10 intelligent computing clusters, contributing to national AI public computing platforms [3] Group 3: Fundraising and Future Projections - Muxi plans to raise 3.904 billion yuan through its IPO, with funds allocated to new high-performance GPU R&D and industrialization projects [4] - As of September 5, the company reported an order backlog of 1.43 billion yuan, nearly double its projected revenue for 2024 [4] - Muxi anticipates reaching breakeven by 2026 based on forward-looking estimates [4] Group 4: Investor Interest - The company has attracted significant investment from well-known institutions, including Chaos Investment and Sequoia Capital, indicating strong market confidence [4] - Notable shareholders include media and technology firms, reflecting a diverse interest in Muxi's growth potential [4]