沐曦股份17日将上市，成为年内发行价第二高的科创板新股

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. is set to go public on the STAR Market, with its A-share stock code being "688802" and a total share capital of 40.01 million shares [1][3]. Group 1: IPO Details - The company’s initial public offering (IPO) application was accepted by the Shanghai Stock Exchange on June 30, 2025, taking a total of 170 days to officially list [3]. - Muxi will issue 40.10 million shares at a price of 104.66 yuan per share, raising approximately 4.197 billion yuan, making it the second-highest IPO price on the STAR Market this year [3]. Group 2: Fund Utilization - The funds raised will primarily be allocated to projects focused on the research and industrialization of new high-performance general-purpose GPUs, AI inference GPUs, and high-performance GPU technology for emerging applications [3]. Group 3: Company Overview and Product Development - Founded in 2020, Muxi specializes in the research, design, and sales of high-performance GPU chips and computing platforms, with product lines including the Xisi N series for intelligent computing inference, the Xiyun C series for general computing, and the upcoming Xicai G series for graphics rendering [3]. - The latest flagship product, the Xiyun C600 series, is positioned between NVIDIA's A100 and H100 in terms of performance, with risk mass production expected by the end of this year and formal mass production in the first half of 2026 [3]. Group 4: Financial Performance - Muxi's revenue has shown rapid growth, with figures of 426,400 yuan in 2022, 53.02 million yuan in 2023, and 743 million yuan in 2024. The revenue for the first half of 2025 reached 915 million yuan, surpassing the total revenue for 2024 [4]. - The company reported a total profit of -183 million yuan and a net profit of -186 million yuan for the first half of 2025, with a reduction in losses exceeding 60% compared to the same period last year [4]. - For the full year of 2025, Muxi expects revenue to reach between 1.5 billion yuan and 1.98 billion yuan, representing an increase of 101.86% to 166.46% compared to 2024, with a reduction in net profit losses between 45.84% and 62.59% [4].