国产GPU龙头,本周申购!
证券时报·2025-12-01 00:00

Group 1: Overview of New IPOs - This week, the A-share market will have two new stock subscriptions: Muxi Co., Ltd. and Angrui Microelectronics, both starting on Friday [1] - Muxi Co., Ltd. is a leading domestic high-performance general-purpose GPU manufacturer, becoming the second domestic GPU company to list on the A-share market after Moore Threads [1][2] - Angrui Microelectronics focuses on integrated circuit design in the RF and analog fields and is recognized as a national-level "little giant" enterprise [6] Group 2: Muxi Co., Ltd. Details - Muxi Co., Ltd. has a single account subscription limit of 6,000 shares, requiring a minimum market value of 60,000 yuan in the Shanghai market for full subscription [2] - The company specializes in the research, design, and sales of full-stack GPU products for AI training, general computing, and graphics rendering, with a strong focus on technological innovation [2][3] - Muxi's product offerings include the Xisi N series GPU for intelligent computing inference, the Xiyun C series GPU for integrated training and general computing, and the upcoming Xicai G series GPU for graphics rendering [3] Group 3: Muxi Co., Ltd. Market Position and Financials - Muxi's GPU products are based on self-developed GPU IP and architecture, demonstrating strong core competitiveness in performance and compatibility [3] - The company has sold over 25,000 GPU units and has established a comprehensive ecosystem across various industries, including education, finance, transportation, energy, healthcare, and entertainment [4] - Projected revenues for Muxi from 2022 to 2024 are 426.4 million yuan, 53 million yuan, and 743 million yuan, with net losses of 777 million yuan, 871 million yuan, and 1.409 billion yuan respectively [4] Group 4: Angrui Microelectronics Details - Angrui Microelectronics has a single account subscription limit of 3,500 shares, requiring a minimum market value of 35,000 yuan in the Shanghai market for full subscription [6] - The company specializes in RF front-end chips, RF SoC chips, and other analog chips, focusing on high performance, reliability, low power consumption, and high integration [6][7] - Angrui's RF front-end chips have been successfully sold to major brands such as Honor, Samsung, Vivo, Xiaomi, and OPPO [7] Group 5: Angrui Microelectronics Market Position and Financials - The company is actively integrating into the domestic RF supply chain and has collaborated with various suppliers for technology validation and development [8] - Projected revenues for Angrui from 2022 to 2024 are 923 million yuan, 1.695 billion yuan, and 2.101 billion yuan, with net losses of 290 million yuan, 450 million yuan, and 65 million yuan respectively [8]