国产GPU新秀，IPO获准注册！
Sou Hu Cai Jing·2025-11-13 11:11

Group 1 - The core point of the article is that the China Securities Regulatory Commission has approved the initial public offering (IPO) application of Muxi Integrated Circuit (Shanghai) Co., Ltd. for listing on the Sci-Tech Innovation Board [1] Group 2 - Muxi Co. focuses on the independent research and development of full-stack high-performance GPU chips and computing platforms, providing foundational computing power for national AI public computing platforms, operator intelligent computing platforms, and commercial intelligent computing centers [4] - The company has major products including the Xisi N series GPU for intelligent computing inference, the Xiyun C series GPU for training and general computing, and the Xicai G series GPU for graphic rendering, which is currently under development [4] Group 3 - As of March 2025, Muxi Co. has sold over 25,000 GPU products, achieving large-scale applications in various national AI public computing platforms and commercial intelligent computing centers [5] - The company's revenue has seen significant growth, with revenues of 426,400 yuan, 53.02 million yuan, and 743 million yuan from 2022 to 2024, resulting in a compound annual growth rate of 4,074.52% over the last three years [5] - In the first half of 2025, Muxi Co. reported revenue of 915 million yuan, a year-on-year increase of 404.51%, and expects revenue growth of 437.36% to 464.23% from January to September 2025 [5] Group 4 - The company has invested a total of 2.247 billion yuan in research and development over the last three years, which accounts for 282.11% of its cumulative revenue during the same period [5] - As of March 2025, Muxi Co. has obtained a total of 255 domestic authorized patents, including 245 domestic invention patents [5] Group 5 - Muxi Co. plans to raise 3.904 billion yuan for investments in projects related to the development and industrialization of new high-performance general-purpose GPUs, next-generation AI inference GPUs, and high-performance GPU technology for emerging applications [5]