今年第二高价股，周五申购

Core Viewpoint - The article discusses the initial public offering (IPO) of Muxi Co., Ltd. (沐曦股份), highlighting its issuance price and market positioning within the GPU industry in China [1][3]. Company Overview - Muxi Co., Ltd. is a leading domestic enterprise in high-performance general-purpose GPU products, set to become the second domestic GPU company listed on the A-share market after Moer Thread [3]. - The company focuses on the research, design, and sales of full-stack GPU products used in artificial intelligence training, general computing, and graphics rendering [3][4]. IPO Details - The IPO price is set at 104.66 yuan per share, with a market capitalization of approximately 41.874 billion yuan upon listing [1]. - The 2024 diluted static price-to-sales ratio is 56.35 times, which is lower than the average of comparable companies in the industry [1][2]. Product and Technology - Muxi's product range includes the Xisi N series GPU for intelligent computing inference, the Xiyun C series GPU for training and general computing, and the upcoming Xicai G series GPU for graphics rendering [4]. - The company's GPUs are based on self-developed GPU IP and a unified GPU computing and rendering architecture, showcasing strong core competitiveness in performance and stability [4]. Market Position and Strategy - The company has established a comprehensive ecosystem and commercial layout, collaborating with various sectors including education, finance, transportation, energy, healthcare, and entertainment [5]. - Muxi's GPU products have been deployed in over ten intelligent computing clusters, covering major cities and extending to more regions [5]. Financial Performance - The company reported revenues of 426,400 yuan, 5.3 million yuan, and 74.3 million yuan for the years 2022 to 2024, respectively, with net losses of 77.7 million yuan, 87.1 million yuan, and 140.9 million yuan during the same period [5].