摩尔线程今日登陆A股，沐曦股份开启申购

Group 1 - The core viewpoint of the article highlights the significant growth potential of Muxi Co., Ltd. (沐曦股份), which is set to launch its IPO with a share price of 104.66 yuan, benefiting from the surge in demand for computing power driven by AI models and domestic substitution trends [1] - Muxi Co., Ltd. was established in September 2020, focusing on the independent development of high-performance GPU chips and computing platforms, with a core team possessing over a decade of experience in GPU research and production [1] - The company has attracted notable investors, including the state-owned China Structural Adjustment Fund, which holds 1.96%, and prominent venture capital firms such as Sequoia Capital and Matrix Partners [1] Group 2 - The company's revenue projections show a dramatic increase, with expected revenues of 42.64 million yuan in 2022, 530.21 million yuan in 2023, and 743 million yuan in 2024, resulting in a compound annual growth rate of 4074.52% [2] - For the first quarter of 2025, Muxi Co., Ltd. reported revenue of 320 million yuan, and it anticipates full-year revenues between 1.5 billion yuan and 1.98 billion yuan, representing a year-on-year growth of 101.86% to 166.46% [2] - Despite the revenue growth, Muxi Co., Ltd. is currently operating at a loss, with net profits projected to be -777 million yuan in 2022, -871 million yuan in 2023, and -1.409 billion yuan in 2024, with cumulative undistributed profits of -1.048 billion yuan as of March 2025 [2]