历时170天！沐曦股份将于12月17日登陆科创板

Core Viewpoint - Muxi Co., Ltd. is set to be listed on the STAR Market on December 17, 2025, as the second major domestic GPU player following Moore Threads, with a focus on high-performance GPU development and AI inference projects [1][4]. Group 1: IPO Details - Muxi Co., Ltd. will issue 40.1 million shares at an IPO price of 104.66 yuan per share, raising approximately 4.197 billion yuan [1]. - The IPO application was accepted on June 30, and the total time from acceptance to listing is 170 days, indicating a rapid progress [1]. - The issuance price of 104.66 yuan per share is the second highest for new stocks this year, following Moore Threads' 114.28 yuan [1]. Group 2: Subscription and Allocation - A total of 269 offline investors and 7,719 strategic placement entities participated in the subscription, with an effective offline subscription amount reaching 57.169 billion shares [1]. - The initial online subscription rate was 0.02223023%, which increased to 0.03348913% after the adjustment mechanism, lower than Moore Threads' final online subscription rate of 0.03635054% [2]. - Public funds were the main force in offline placements, with 94 public funds acquiring 13.3923 million shares, amounting to approximately 1.402 billion yuan [2]. Group 3: Business Progress and Financial Performance - Muxi Co., Ltd. is in a phase of rapid growth and reduced losses, with revenue projected to grow from 426,400 yuan in 2022 to 743 million yuan in 2024, and 915 million yuan in the first half of 2025 [3]. - The company expects to achieve a revenue of 1.5 billion to 1.98 billion yuan in 2025, representing a growth of 101.86% to 166.46% compared to 2024 [4]. - The net loss for 2025 is projected to be between 5.27 billion and 7.63 billion yuan, indicating a reduction in losses by 45.84% to 62.59% compared to 2024 [4].