沐曦股份多只概念股下跌

Core Viewpoint - The company Muxi Co., Ltd. (688802.SH) was listed on the STAR Market on December 17, with an initial offering price of 104.66 CNY per share, resulting in a market capitalization of 41.874 billion CNY. The stock price surged by 567.88% after opening, reaching 699 CNY per share and a market cap of 279.7 billion CNY, providing investors with a profit of 297,000 CNY per share [1] Company Overview - Muxi is a leading developer of high-performance general-purpose GPU products in China, with a founding team that previously worked at AMD. The company's GPU performance is claimed to be among the top tier domestically, with cumulative sales exceeding 25,000 units [2][3] Financial Performance - Muxi has not yet achieved profitability, reporting revenues of 426,400 CNY in 2022, 53.0212 million CNY in 2023, 743 million CNY in the first three months of 2024, and 320 million CNY in the same period. Net losses were 777 million CNY, 871 million CNY, 1.409 billion CNY, and 233 million CNY respectively, with total losses exceeding 3.2 billion CNY from 2022 to 2024 [4] - In the first half of this year, Muxi's revenue reached 915 million CNY, a year-on-year increase of 404.51%, but it still incurred a loss of 186 million CNY. The company expects revenues of 1.2 billion to 1.26 billion CNY for the first nine months of this year, representing a year-on-year growth of 437.36% to 464.23%, with anticipated losses of 300 million to 380 million CNY [4] Market Position and Competition - The domestic GPU chip market has been dominated by foreign giants, resulting in low penetration rates for domestic products. Muxi's products, such as the Xisi N100 series, are still in the early stages of sales growth. The company anticipates reaching a breakeven point no earlier than 2026 [4] - The domestic AI chip market is experiencing increased penetration of local brands, but a clear competitive landscape has yet to emerge. Muxi is projected to hold approximately 1% market share in the Chinese AI chip market by 2024, based on sales value and computational capacity metrics [5]