Core Viewpoint - Moole Technology, often referred to as the "Chinese version of Nvidia," has made significant progress towards its IPO on the Sci-Tech Innovation Board, aiming to raise 8 billion RMB for various AI and GPU chip development projects [1][2]. Group 1: Company Overview - Moole Technology was established in October 2020 and focuses on providing comprehensive GPU products and accelerated computing infrastructure [2]. - The company is positioned as a leader in the domestic GPU sector, with plans to launch a product suite centered around the MTTS4000 model in December 2023 [2]. - The company's leadership includes individuals with significant experience from Nvidia, enhancing its credibility in the GPU market [2]. Group 2: Financial Performance - Moole Technology's projected revenues from 2022 to 2024 are 0.46 billion RMB, 1.24 billion RMB, and 4.38 billion RMB, reflecting a compound annual growth rate (CAGR) of 208.44% [3]. - The net profits for the same period are projected to be -1.84 billion RMB, -1.67 billion RMB, and -1.49 billion RMB, indicating ongoing losses [3]. - The company's R&D expenditures from 2022 to 2024 are 1.12 billion RMB, 1.33 billion RMB, and 1.36 billion RMB, totaling 3.81 billion RMB, which constitutes approximately 626.03% of its cumulative revenue over the same period [3]. Group 3: IPO and Market Context - Moole Technology's IPO application has been accepted under the second set of listing standards on the Sci-Tech Innovation Board, requiring a minimum market value of 1.5 billion RMB and a minimum revenue of 200 million RMB in the last year [1]. - The company aims to enhance its technological capabilities and accelerate the commercialization of new products through the funds raised from the IPO [3]. - The IPO trend among domestic GPU companies is gaining momentum, with another company, Muxi Co., also receiving approval for its IPO, indicating a growing interest in the sector [4][5]. Group 4: Market Outlook - The global GPU market is projected to grow significantly, with an expected market size of 246.5 billion USD by 2028, reflecting a CAGR of 32.82% [6]. - In the A-share market, several GPU-related stocks have seen positive performance, with notable increases in share prices for companies like Shenghong Technology and Hongxin Electronics [6]. - Institutional interest in GPU stocks is high, with many firms predicting substantial profit growth for companies in this sector by 2025 [7].