# share-based compensation

Chinese AI-GPU Maker Reports Revenue Surge but Still Posts Large Loss; Losses Narrow in 2025 Forecast

Muxi Co. forecasts 2025 revenue of 1.6–1.7 billion yuan, more than doubling year‑on‑year, while predicting a narrowed net loss of 650–798 million yuan versus a 1.409 billion yuan loss in the prior year. The company attributes improvement to stronger GPU sales, AI integration with industry customers, and lower share‑based compensation.