Core Viewpoint - Muxi Co., Ltd. announced a plan for the phased investment of raised funds over three to four years, optimizing cash management for idle funds not exceeding RMB 2.9 billion to enhance financial returns without affecting project progress [1][5]. Group 1: Fund Management and Investment Plans - The company will manage idle raised funds by investing in high-security, liquid cash management products with a maturity of no more than 12 months, ensuring funds can be redeemed as needed for project requirements [4]. - The total net amount raised during the IPO was RMB 3.899 billion, with projects including the development and industrialization of new high-performance general-purpose GPUs and AI inference GPUs [4][5]. - The cash management amount will decrease as funds are allocated to the investment projects, aligning with the planned investment schedule [5]. Group 2: Industry Context and Performance - The integrated circuit industry is characterized by high investment and long R&D cycles, necessitating phased expenditures for equipment procurement and validation [4]. - Muxi Co., Ltd. is a leading enterprise in high-performance general-purpose GPUs, focusing on core technology breakthroughs and creating a competitive product system for various applications [7]. - The company expects a revenue of RMB 1.6 billion to 1.7 billion for 2025, representing a year-on-year growth of 115.32% to 128.78%, while projecting a net loss narrowing to RMB 650 million to 798 million [6][7]. Group 3: Market Performance - On February 4, Muxi Co., Ltd. shares rose by 0.17% to RMB 505 per share, reflecting a 382.5% increase from the IPO price of RMB 104.66, but a 43.5% decline from the highest price of RMB 895 on the first trading day [8].
沐曦股份募资39亿“研发芯片”，上市两个月后要拿29亿“做理财”，称部分资金在投入项目前将有闲置；公司股价较高点已跌超40%