Core Viewpoint - The announcement from domestic GPU manufacturer Muxi Co., Ltd. regarding its online issuance and subscription results indicates a low initial and final winning rate compared to a competitor, Moer Thread, highlighting the competitive landscape in the GPU sector [1][3][4]. Group 1: Subscription and Issuance Details - The effective number of subscription accounts for Muxi's online issuance was 5.1752 million, with a total of 28.862 billion shares subscribed [1][4]. - The initial winning rate for the online issuance was 0.02223023%, which increased to a final winning rate of 0.03348913% after the activation of the allocation mechanism [1][4]. - The total number of shares issued was determined to be 40.1 million, with an initial strategic placement of 8.02 million shares, accounting for 20% of the total issuance [3][4]. Group 2: Financial Projections and Use of Proceeds - The issuance price was set at 104.66 yuan per share, with an expected total fundraising amount of 4.197 billion yuan, leading to a net fundraising amount of approximately 3.899 billion yuan after deducting issuance costs [4][10]. - The raised funds will primarily be allocated to projects focused on the development and industrialization of new high-performance general-purpose GPUs and AI inference GPUs [10]. Group 3: Company Performance and Market Context - Muxi Co., Ltd. reported revenues of 426,400 yuan, 53.0212 million yuan, and 743.0716 million yuan for the years 2022 to 2024, with net losses of 777,965,200 yuan, 871,158,200 yuan, and 1.4088794 billion yuan respectively [10]. - In the first nine months of 2025, the company achieved a revenue of 1.2360856 billion yuan, representing a year-on-year growth of 453.52% [10]. - The company noted that the commercialization of its core product series has significantly increased sales volume, leading to a reduction in net losses [10].
这只新股火了！沐曦股份中签率出炉，低于摩尔线程