国产GPU龙头，发行价定了

Core Viewpoint - Muxi Co., Ltd. has announced its initial public offering (IPO) on the Sci-Tech Innovation Board, with a determined issue price of 104.66 yuan per share, aiming to raise approximately 39 billion yuan for its projects [1] Group 1: Financial Overview - The total amount expected to be raised from the IPO is approximately 41.97 billion yuan, with a net amount of around 38.99 billion yuan after deducting issuance costs of 2.98 billion yuan [1] - The company reported significant revenue growth, with projected revenues of 42.64 million yuan in 2022, 53.02 million yuan in 2023, and an estimated 743 million yuan in 2024, reflecting a compound annual growth rate of 4074.52% [2] - For the first quarter of 2025, the company achieved revenue of 320 million yuan and expects to generate between 1.5 billion and 1.98 billion yuan in total revenue for the year, representing a year-on-year growth of 101.86% to 166.46% [2] Group 2: Company Background - Muxi Co., Ltd. was established in September 2020 and focuses on the independent research and development of high-performance GPU chips and computing platforms [1] - The core team has over ten years of experience in high-performance GPU development, with notable figures including founder Chen Weiliang, who previously served as the global GPU SoC design director at AMD [1] - The company has attracted significant investment from prominent capital sources, including the National Team's China State-Owned Enterprise Structural Adjustment Fund and well-known investors like Ge Weidong [2] Group 3: Financial Metrics - As of March 31, 2025, the total assets of the company were approximately 1.046 billion yuan, with a total equity attributable to shareholders of approximately 959 million yuan [3] - The company reported a debt-to-asset ratio of 8.30% for the first quarter of 2025, indicating a low level of leverage [3] - The net profit for the first quarter of 2025 was reported as a loss of approximately 232.51 million yuan, with a basic earnings per share of -0.90 yuan [3]