国产GPU企业扎堆上市

Core Viewpoint - The article highlights the recent developments in the domestic GPU chip industry, particularly focusing on the upcoming IPO of TianShuZhiXin and the competitive landscape among various GPU companies in China [1][2]. Group 1: IPO Developments - TianShuZhiXin has passed the listing filing with the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1]. - Other GPU companies such as BiRan Technology, MoEr Thread, MuXi, and SuiYuan Technology are also advancing their IPO plans, with MuXi and MoEr Thread recently listing on the STAR Market, achieving significant stock price increases of 692.95% and 425.46% on their debut [2]. - BiRan Technology, like TianShuZhiXin, is also pursuing a listing in Hong Kong and has passed the Hong Kong Stock Exchange hearing [3]. Group 2: Financial Performance and Market Position - TianShuZhiXin aims to raise $300-400 million through its IPO and has positioned itself as a domestic general-purpose GPU manufacturer [4]. - The company launched its first general-purpose GPU product, "TianYai 100," in 2021, followed by the AI inference-focused "ZhiKai 100" series in 2022. In 2022, the total sales orders for the TianYai 100 series exceeded 500 million yuan [4]. - For the years 2023 and the first half of 2024, TianShuZhiXin reported sales revenues of 307 million yuan and 192 million yuan, respectively, totaling 499 million yuan, with net losses of 565 million yuan and 252 million yuan, leading to a cumulative loss of 815 million yuan [4]. Group 3: Investment and Valuation - TianShuZhiXin has completed multiple rounds of financing since its establishment in 2015, with notable investors including DaChuang Capital and Princeville Capital [4][5]. - In its Series C financing in 2021, the company raised 1.2 billion yuan (approximately $167 million), and in a subsequent round in 2022, it secured 1 billion yuan [5]. - According to the Hurun Research Institute's 2024 Global Unicorn List, MuXi is valued at 10 billion yuan, MoEr Thread at 25.5 billion yuan, SuiYuan Technology at 16 billion yuan, and BiRan Technology at approximately 15.5 billion yuan [5].