又一国产GPU龙头，下周申购！

Core Viewpoint - Two new stocks from the Sci-Tech Innovation Board are available for subscription next week, including a domestic GPU company and a domestic RF chip company [1][4]. Group 1: Company Overview - Muxi Co., Ltd. is a leading domestic high-performance GPU product company, set to become the "second domestic GPU stock" after Moer Thread [1]. - The company plans to issue 40.1 million shares, with a maximum online subscription limit of 6,000 shares, requiring a market value of 60,000 CNY in the Shanghai market for top-tier subscriptions [1]. - The company has received significant backing from major investors, including Shanghai Jiaomai, Sequoia Capital, and prominent private equity investor Ge Weidong [1]. Group 2: Financial Performance - Muxi Co., Ltd. reported revenues of 426,400 CNY, 53.02 million CNY, 743 million CNY, and 1.236 billion CNY for the years 2022 to 2025 Q3, respectively, with net losses of -777 million CNY, -871 million CNY, -1.409 billion CNY, and -346 million CNY [6][8]. - The company forecasts 2025 revenues between 1.5 billion CNY and 1.98 billion CNY, representing a year-on-year growth of 101.86% to 166.46%, with expected net losses of -763 million CNY to -527 million CNY, indicating a year-on-year improvement of 45.84% to 62.59% [6]. Group 3: Industry Context - Angrui Microelectronics focuses on RF and analog integrated circuit design, with its RF front-end chips already achieving scale sales with major brands like Honor, Samsung, and Xiaomi [2][8]. - The company has also introduced RF SoC chip products to notable clients in various sectors, including industrial, medical, and IoT [2]. - Angrui Microelectronics reported revenues of 923 million CNY, 1.695 billion CNY, and 2.101 billion CNY for the years 2022 to 2024, with net losses of -290 million CNY, -450 million CNY, and -64.7 million CNY, indicating it has not yet achieved profitability [8].