① Chen Weiliang, Chairman and General Manager of Muxi Co., Ltd., stated that whether the growth of AI acceleration chips can ultimately be translated into company revenue depends on customer computing power budgets, software migration costs for domestic platforms, as well as project acceptance and payment collection. ② Wei Zhongwei, the company’s financial officer and Secretary of the Board of Directors, said that the main reasons for continuous large-net outflows of cash flow include ongoing research and development efforts and personnel investments, as well as inventory, accounts receivable, and prepayments resulting from business expansion.
Muxi Co., Ltd. achieved revenue of 1.324 billion yuan and net profit of 612 million yuan in the first half of 2026, turning from a loss to a profit. The net cash flow from operating activities was -1.297 billion yuan. Chairman Chen Weiliang stated that the conversion of AI acceleration chip growth into revenue depends on customer computing power budgets, software migration costs, and project acceptance and payment receipts. Financial director Wei Zhongwei pointed out that the main reasons for the net cash outflow are the continuous investment in research and development personnel and the inventory, accounts receivable, and prepayments resulting from business expansion. The company plans to optimize inventory procurement, strengthen cash management, and advance the establishment of an “A+H” dual capital platform to align with its internationalization strategy.