Core Viewpoint - A new GPU chip company, Muxi Co., Ltd., is set to launch an IPO on the Sci-Tech Innovation Board, reflecting the growing support for high-tech, unprofitable enterprises in China [2][3]. Company Overview - Muxi Co., Ltd. was established in 2020 and focuses on the independent research and development of high-performance GPU chips and computing platforms for applications in artificial intelligence, general computing, and graphics rendering [5]. - The company has achieved significant sales, with over 25,000 GPU products sold across multiple countries, including applications in AI public computing platforms and commercial intelligent computing centers [6]. IPO Details - Muxi plans to issue 40.1 million shares, with an initial strategic placement of 8.02 million shares, and the total share capital post-issue will be 400.1 million shares [2][3]. - The expected fundraising amount is 3.904 billion yuan, which will be allocated to projects focused on new high-performance general-purpose GPU development and AI inference GPU development [4]. Financial Performance - Muxi's revenue has seen substantial growth, with figures of 426,400 yuan in 2022, 53.0212 million yuan in 2023, and 743 million yuan in 2024, resulting in a compound annual growth rate of 4074.52% over the last three years [6]. - For the first half of 2025, the company reported revenue of 915 million yuan, marking a year-on-year increase of 404.51%, and expects revenue growth of 437.36% to 464.23% for the period from January to September 2025 [6]. Future Outlook - Muxi estimates that it will reach breakeven by 2026 [7].
紧跟摩尔线程 又一家国产GPU公司开启新股申购
Shang Hai Zheng Quan Bao·2025-11-26 15:16