Highlights

The GPU industry sees another star with Mu Xi shares, posting an allotment rate of just 0.03348913%, lower than Moore Threads. They aim to raise 3.904 billion yuan for AI and GPU development projects. Mu Xi is pivotal in AI infrastructure and multifunction GPU advances, fueling immense growth in China's tech landscape.

Sentiment Analysis

• The overall sentiment is positive due to the potential growth prospects of Mu Xi in the technology sector.
• Investors are optimistic, given the advanced contributions Mu Xi is making to AI and GPU markets.
• The low allotment rate adds a mixed sentiment, leading to intense competition for shares.
65%

Article Text

Investors looking beyond Moore Threads found a new opportunity in Mu Xi shares, which recently declared an allotment rate of 0.03348913% following their online issuance and subscription status announcement on December 7th. The issuance price has been set at 104.66 yuan per share.

Notably, Mu Xi's allotment rate is strikingly lower than the 0.04% average seen for 2025 newly listed stocks on the STAR Market and falls short of Moore Threads' final rate of 0.03635054%. This indicates a robust demand for Mu Xi’s shares, which were immensely oversubscribed.

The company details reveal initial and final strategic allotments that lead to an online issuance of 9.6655 million shares, representing 29.74% of the deducted allotment supply.

Mu Xi aims to invest the raised 3.904 billion yuan into various GPU and AI ventures, such as the development and industrialization of high-performance general GPUs and AI inference GPUs. The strategic focus includes supporting national AI public computing platforms and diverse commercial applications like education, finance, and healthcare.

The company's financial trajectory is impressive; Mu Xi publicized a remarkable revenue growth rate from 42.64 thousand yuan in 2022 to a projected 7.43 billion yuan in 2024, with an annual compound rate of 4074.52%. By October 2025, revenue surged to 12.36 billion yuan, marking a 453.52% increase from the previous year.

This growth positions Mu Xi to potentially break even by 2026, capturing the attention of stakeholders anticipating its long-term impact on AI and computing industries.

Key Insights Table