5年回报超6000倍,摩尔线程投资人真赢麻了
36氪·2025-12-05 13:35

Core Viewpoint - The article highlights the significant rise of Moole Technology, which has become the first fully functional GPU company to be listed on the Chinese stock market, achieving a market capitalization exceeding 270 billion yuan shortly after its IPO, reflecting a growing trend in the domestic GPU industry driven by the demand for AI computing power [3][6][30]. Group 1: Company Overview - Moole Technology opened at a price of 688 yuan per share, which is five times its issue price, leading to a market valuation surpassing 270 billion yuan [6]. - The company was established by Zhang Jianzhong, a former Nvidia executive, with the goal of creating a Chinese equivalent to Nvidia [13][15]. - Moole Technology has successfully raised over 10 billion yuan through multiple funding rounds before its IPO, attracting 86 shareholders [15][18]. Group 2: Industry Context - The article discusses the competitive landscape of the GPU market in China, particularly the emergence of domestic companies like Moole Technology and Muxi Integrated Circuit, which are capitalizing on the growing demand for AI computing [10][23]. - The demand for GPUs has surged due to the explosive growth of artificial intelligence, prompting significant investments in the sector [19][20]. - The article notes that the current geopolitical climate, particularly U.S. export controls, has created a vacuum in the Chinese market, presenting a historic opportunity for domestic GPU companies [25]. Group 3: Financial Performance - Moole Technology's revenue is projected to grow from 46 million yuan in 2022 to 438 million yuan in 2024, reflecting a compound annual growth rate of 208.44% [29]. - Muxi's revenue is expected to increase dramatically from 426,400 yuan in 2022 to 74.3 million yuan in 2024, with a compound annual growth rate of 4074.52% [30]. - The article emphasizes that the successful IPOs of Moole Technology and Muxi are just the beginning, with other domestic GPU companies also preparing for public offerings, which could enhance the overall capital interest in the GPU industry [30].

5年回报超6000倍,摩尔线程投资人真赢麻了 - Reportify