沐曦股份登陆科创板 上市首日市值超3300亿元

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a significant first-day stock price increase of 692.95%, reaching a market capitalization of over 332 billion yuan [1] Group 1: Company Overview - Muxi Co. is a leading domestic enterprise in high-performance general-purpose GPU products, focusing on the independent research and development of full-stack high-performance GPU chips and computing platforms [1] - Since its establishment in 2020, Muxi has accumulated core technologies including GPU IP, GPU SoC, high-speed interconnects, and GPU software, achieving breakthroughs in high-performance GPU chip technology [1] - As of March 2025, the company holds 245 domestic invention patents, 3 integrated circuit layout design rights, and 25 software copyrights [1] Group 2: Product Development - Muxi has launched the Xisi N series GPU for intelligent inference and the Xiyun C series GPU for training and general computing, with the Xiyun C500 series chip achieving leading performance levels domestically in 2023 [2] - The company plans to officially release the Xiyun C600 in October 2025, which will utilize Muxi's proprietary core GPU IP and establish a closed-loop domestic supply chain from chip design to packaging and testing [2] - By March 2025, Muxi's GPU product sales have exceeded 25,000 units [2] Group 3: Financial Performance - Muxi has achieved a remarkable compound annual growth rate (CAGR) of 4074.52% in revenue over the past three years, with revenue in the first half of 2025 reaching 915 million yuan, surpassing the total revenue for 2024 [2] - The company currently has an order backlog amounting to 1.43 billion yuan [2] Group 4: Market Strategy - Muxi is constructing a "1+6+X" ecosystem and business layout, focusing on applying artificial intelligence across various industries, including finance, healthcare, energy, education, transportation, and entertainment [3] - The company's GPU products have been deployed in multiple national AI public computing power platforms and commercial intelligent computing centers, achieving large-scale applications in over 10 intelligent computing clusters [3] - Muxi is one of the few GPU suppliers in China to realize large-scale commercial applications of "thousand-card clusters" [3]