国产GPU龙头，下周打新

Core Viewpoint - The company Muxi Co., Ltd. is set to launch its initial public offering (IPO) on the Sci-Tech Innovation Board, focusing on the development of domestic GPU products, with significant growth in revenue projected from 2022 to 2024 [1][3]. Group 1: IPO Details - Muxi plans to issue 40.1 million shares, with an initial strategic placement of 8.02 million shares [1]. - The preliminary inquiry date is set for December 2, 2025, and the subscription date is December 5, 2025 [2]. - The company aims to raise 3.904 billion yuan for various GPU development projects [3]. Group 2: Company Performance and Products - Muxi specializes in the research and design of full-stack GPU products for AI training inference, general computing, and graphics rendering, utilizing self-developed GPU IP [3]. - The flagship GPU, Xiyun C500 series, has entered mass production, leading to a revenue increase from 426,400 yuan in 2022 to 743 million yuan in 2024, representing a growth rate of 4074.52% [3]. - The company has sold over 25,000 GPU units, with applications in over 10 intelligent computing clusters [3]. Group 3: Strategic Alignment and Market Context - The IPO aligns with China's 14th Five-Year Plan, which emphasizes the integration of artificial intelligence and key areas like integrated circuits [4]. - The Sci-Tech Innovation Board supports hard-tech companies that have made significant technological breakthroughs, even if they are not yet profitable [3].