Core Viewpoint - Muxi Co., Ltd. announced a plan to manage idle fundraising of up to RMB 2.9 billion to optimize fund management and enhance short-term financial returns, ensuring that it does not affect the normal progress of its fundraising projects [1] Group 1: Fund Management Announcement - Muxi Co., Ltd. will use part of its idle fundraising for cash management, purchasing high-security, liquid financial products with a maturity of no more than 12 months [1] - The company emphasized that the cash management will strictly control risks and allow for redemption or withdrawal based on project funding needs [1] Group 2: IPO and Stock Performance - Muxi Co., Ltd. was listed on the Sci-Tech Innovation Board on December 17, 2025, raising a net amount of RMB 3.899 billion, with its stock price soaring 7 times on the first day to close at RMB 829.90 per share, resulting in a market capitalization of RMB 332 billion [1] - However, the stock price has declined significantly since the IPO, closing at RMB 505 per share on February 4, 2026 [2] Group 3: Financial Performance Forecast - The company projected a revenue of RMB 1.6 billion to RMB 1.7 billion for 2025, representing a year-on-year growth of 115.32% to 128.78% [4] - Muxi Co., Ltd. expects to incur a net loss attributable to shareholders of RMB 650 million to RMB 798 million for 2025, which is a reduction in losses by 43.36% to 53.86% compared to the previous year [4] Group 4: Industry Context - The practice of using idle fundraising for cash management is not uncommon, as seen with other companies like Moer Technology, which announced a plan to use up to RMB 7.5 billion for similar purposes [5] - In 2025, a majority of the 19 companies listed on the Sci-Tech Innovation Board issued announcements regarding idle fund management, with most limits ranging from 70% to 80%, aligning with Muxi Co., Ltd.'s announced amount [6]
国产GPU企业扎堆理财！继摩尔线程后，沐曦股份拟用不超29亿闲置募资进行现金管理