Core Viewpoint - The debut of Mu Xi Co., Ltd. on the STAR Market on December 17 showcased strong market interest in domestic GPU companies, with the stock price surging by 568.83% on the first day, reflecting high investor confidence in the self-controlled chip industry [1][4]. Group 1: IPO Performance - Mu Xi Co., Ltd. opened at 700 CNY, representing a 568.83% increase from the issuance price of 104.66 CNY, with potential profits for investors reaching up to 31.41 million CNY per share [1][4]. - The company achieved a market capitalization of approximately 418.74 billion CNY at the opening price, with a price-to-sales ratio of 56.35, significantly lower than its peer, Moer Technology, which has a ratio of 122.51 [1][4]. - The subscription rate was notably low at 0.03348913%, indicating that less than 4 out of every 10,000 applicants received shares, which is below the average of 0.04% for new STAR Market stocks in 2025 [1][5]. Group 2: Financial Performance - Mu Xi Co., Ltd. reported rapid revenue growth, with revenues of 42.64 million CNY in 2022, 530.21 million CNY in 2023, and projected revenues of 743 million CNY in 2024, resulting in a compound annual growth rate of 4074.52% over three years [6]. - Despite the revenue growth, the company remains unprofitable, with net losses of 7.77 billion CNY in 2022, 8.71 billion CNY in 2023, and 14.09 billion CNY in 2024, and a loss of 2.33 billion CNY in the first quarter of 2025 [7]. Group 3: Fundraising and Investment Plans - The company plans to raise approximately 41.97 billion CNY, which will be allocated to three major GPU research and development projects focused on technological innovation [8]. - Strategic investors, including the National Artificial Intelligence Industry Investment Fund, China Telecom, JD.com, and Meituan, participated in the subscription, indicating strong confidence in the future of domestic GPU chips [4].
”国产GPU第二股“沐曦股份大涨600％，中一签可赚31.41万元