Core Insights - Muxi Integrated Circuit (Shanghai) Co., Ltd. officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 17 [2] - The company is a leading domestic player in high-performance general-purpose GPU products, focusing on AI training and inference, general computing, and graphics rendering [2][3] - Muxi has developed a series of core technologies with independent intellectual property rights, overcoming technical bottlenecks in high-performance GPU chips and computing platforms [2][3] Company Performance - Muxi's product innovation has led to continuous updates, with the launch of the Xisi N series GPU for intelligent computing inference and the Xiyun C series GPU for training and general computing [3] - The Xiyun C500 series chip, launched in 2023, has achieved leading computational power levels domestically, with cumulative sales of over 25,000 units expected by March 2025 [3] - The company reported a compound annual growth rate (CAGR) of 4074.52% in revenue over the past three years, with revenue reaching 915 million yuan in the first half of 2025, surpassing the total revenue for 2024 [4] Future Plans - Muxi plans to use the funds raised from its IPO to invest in new high-performance general-purpose GPU R&D and industrialization projects, as well as AI inference GPU projects [4] - The company is constructing an ecosystem and commercial layout termed "1+6+X," focusing on providing high-efficiency and versatile computational support for cloud computing across various industries, including finance, healthcare, energy, education, transportation, and entertainment [3]
沐曦股份科创板挂牌上市 开启国产GPU企业发展新篇章