Core Viewpoint - The news highlights the strong market performance of companies associated with Moore Threads, particularly in light of its upcoming IPO on the STAR Market, which is set to raise 8 billion yuan for the development of AI and GPU technologies [1][3]. Group 1: Market Performance - Companies such as Heertai (SZ002402) and Lianmei Holdings (SH600167) have seen their stock prices hit the daily limit, reflecting a surge in interest in the "Moore Threads concept" [1]. - Heertai's stock has shown a notable performance with a "4 days, 3 boards" trend following the announcement of Moore Threads' IPO [3]. Group 2: Company Relationships - Heertai holds a 1.03% direct stake in Moore Threads, while Zhongke Lanyun holds 0.34% directly and 0.17% indirectly, totaling 0.50% [3]. - Heertai's Zhuhai base is reportedly handling over 30% of Moore Threads' GPU module orders, indicating a significant business relationship [3]. Group 3: Investment and Financials - Heertai reported a revenue of 5.446 billion yuan for the first half of the year, a year-on-year increase of 19.21%, with a net profit of 354 million yuan, up 78.65% [3]. - Lianmei Holdings has invested 100 million yuan in Moore Threads through its subsidiary, and its stock has also experienced a price surge [4]. Group 4: Market Sentiment and Risks - Despite the excitement around Moore Threads, there are concerns regarding the company's ability to overcome high technical barriers in GPU development and its projected net losses from 2022 to 2024 [4]. - Many companies with indirect stakes in Moore Threads have low ownership percentages and limited business ties, which may affect their stock performance [4]. Group 5: Clarifications from Other Companies - Several companies, including Zhangjiang Hi-Tech and Yinxin Technology, have clarified their lack of direct investment in Moore Threads amid the speculative trading [5].

证券代码：600167 证券简称：联美控股 公告编号：2025-038 联美量子股份有限公司股票交易风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 公司股票于 2025 年 9 月 18 日、2025 年 9 月 19 日、2025 年 9 月 22 日连续 3 个交易日收盘价格涨幅偏离值累计超过 20%。根据《上海证券交易所交易规则》 的有关规定，属于股票交易异常波动情形。公司已于 2025 年 9 月 23 日披露了《联 美量子股份有限公司股票交易异常波动公告》，9 月 23 日，公司股票再次涨停。 现将相关风险提示如下： 一、相关风险提示 （一）公司生产经营情况未发生重大变化 截至本公告日，公司主营业务、生产经营情况以及经营环境与前期披露的信 息相比未发生重大变化，不存在应披露而未披露的重大信息。 （二）二级市场交易风险 公司股票自2025年9月18日以来，累计涨幅达到31.08%，且在 9 月 22 日、 9 月 23 日连续两个交易日以涨停价收盘，公司股票剔除大盘和板块整体影响后 的实际波动幅度较 ...

New Stock Listings - YouSheng Co., Ltd. (Stock Code: 603418) listed at an issue price of 46.36 RMB on September 23, 2025[1] - ZhiTianTui (Stock Code: 300280) is in the delisting preparation period with 8 trading days remaining[1] - ZhongHuanHaiLu (Stock Code: 301040) and JiShiChuanMei (Stock Code: 601929) have recent announcements regarding trading activities[1] Trading Alerts - XianDaoZhiNeng (Stock Code: 300450) reported severe abnormal fluctuations in trading[1] - HangKeKeJi (Stock Code: 688006) and YuanLinCo (Stock Code: 605303) have recent trading alerts[1] - Multiple stocks including YunNanLvYou (Stock Code: 002059) and *STMuBang (Stock Code: 603398) have recent announcements related to trading activities[1] Market Trends - A total of 30 stocks have been flagged for abnormal trading activities in the past week, indicating increased market volatility[1] - The recent trading patterns suggest a potential shift in investor sentiment, particularly in the technology and media sectors[1]

Core Viewpoint - The news highlights the strong market performance of companies associated with Moole Thread, particularly in light of its upcoming IPO on the STAR Market, which is generating significant investor interest and speculation in related stocks [1][2]. Group 1: Moole Thread's IPO and Market Impact - Moole Thread is accelerating its IPO process, with a review meeting scheduled for September 26, 2025, to discuss its initial public offering [1]. - The company aims to raise 8 billion yuan for the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips [1]. - The market has seen a surge in "Moole Thread concept" stocks, with companies like Heertai and Lianmei Holdings experiencing significant stock price increases [1][2]. Group 2: Heertai's Performance and Business Relations - Heertai, a direct shareholder of Moole Thread, has seen its stock price rise significantly, achieving a "4 days, 3 boards" performance [2]. - In the first half of the year, Heertai reported a revenue of 5.446 billion yuan, a year-on-year increase of 19.21%, and a net profit of 354 million yuan, up 78.65% [2]. - Heertai's Zhuhai base reportedly handles over 30% of Moole Thread's GPU module orders, indicating a strong business relationship [2]. Group 3: Indirect Shareholders and Market Reactions - Several companies, including Lianmei Holdings and Chuling Information, have indirect stakes in Moole Thread, contributing to their stock price increases [3]. - Lianmei Holdings invested 100 million yuan in Moole Thread through its subsidiary, while Chuling Information holds a 1.08% stake in a fund that owns approximately 2.12% of Moole Thread [3]. - The market has seen a speculative rise in stocks associated with Moole Thread, but there are calls for caution regarding the actual business connections and the company's developmental challenges [3][4]. Group 4: Clarifications from Other Companies - Some companies, such as Zhangjiang Hi-Tech and First Capital, have clarified that they do not have direct investments in Moole Thread, countering market speculation [4]. - Silver Trust Technology denied claims of a strategic partnership with Moole Thread, emphasizing the need for accurate information in the market [5]. - Guanghuan New Network also refuted claims of indirect investment in Moole Thread through a fund, highlighting the importance of transparency [5].

Group 1 - The concept of Moore Threads continues to show strong performance, with companies such as Heertai and Lianmei Holdings reaching their price limits during bidding [1] - Initial Spirit Information saw a price increase of 10%, while Zhongke Lanyun experienced a rise of over 5% [1]

（文章来源：证券日报） 证券日报网讯 9月22日晚间，联美控股发布公告称，公司股票于2025年9月18日、2025年9月19日、2025 年9月22日连续3个交易日收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。经公司自 查，并书面征询控股股东及实际控制人，截至本公告披露日，公司不存在其他应披露而未披露的重大信 息。 ...

联美量子股份有限公司（以下简称"公司"）股票于 2025 年 9 月 18 日、 2025 年 9 月 19 日、2025 年 9 月 22 日连续 3 个交易日收盘价格涨幅偏离值累计 超过 20%，根据《上海证券交易所交易规则》有关规定，属于股票交易异常波动 情形。 经公司自查，并书面征询控股股东及实际控制人，截至本公告披露日， 公司不存在其他应披露而未披露的重大信息。 一、股票交易异常波动的具体情况 证券代码：600167 证券简称：联美控股 公告编号：2025-037 联美量子股份有限公司股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司股价产生较大影响的重大事件。公司董事、高级管理人员、控股股东及其一 致行动人在公司股票异常波动期间不存在买卖公司股票的情况。 三、相关风险提示 （一）市场交易风险 公司股票交易于 2025 年 9 月 18 日、9 月 19 日、9 月 22 日连续 3 个交易日 内日收盘价格涨幅偏离值累计达到 20%，股价剔除大盘和板块整体因素后的实际 波 ...

南财智讯9月22日电，联美控股公告，公司股票于2025年9月18日至22日连续三个交易日内收盘价格涨幅 偏离值累计超过20%，根据《上海证券交易所交易规则》有关规定，属于股票交易异常波动情形。经公 司自查，目前生产经营活动正常，日常经营情况及外部环境未发生重大变化。公司、控股股东及实际控 制人均不存在涉及公司应披露而未披露的重大信息。公司未发现需要澄清或回应的媒体报道或市场传 闻，未发现可能导致公司股票交易异常波动的其他股价敏感信息。公司提醒投资者注意市场交易风险和 生产经营风险，理性投资。 ...

Core Insights - The electricity sector experienced a decline of 0.44% on the trading day, with Zhaoxin Co., Ltd. leading the losses [1][2] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Leading gainers in the electricity sector included: - Lianmei Holdings (600167) with a closing price of 7.94, up 9.97% [1] - Guang'an Aizhong (600979) with a closing price of 5.01, up 4.16% [1] - Guangdong Electric Power A (000539) with a closing price of 4.76, up 3.03% [1] - Major decliners included: - Zhaoxin Co., Ltd. (002256) with a closing price of 3.02, down 2.89% [2] - Jiaze New Energy (601619) with a closing price of 4.59, down 2.75% [2] - Tuo Ri New Energy (002218) with a closing price of 3.57, down 2.72% [2] Capital Flow - The electricity sector saw a net outflow of 1.726 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.21 billion yuan [2][3] - Notable capital flows included: - Guang'an Aizhong (600979) with a net inflow of 64.94 million yuan from institutional investors [3] - Sanxia Energy (600905) with a net inflow of 25.27 million yuan from institutional investors [3] - Lianmei Holdings (600167) with a net inflow of 12.79 million yuan from institutional investors [3]

Core Viewpoint - The stock prices of companies related to Moore Threads surged collectively following the announcement of its upcoming IPO, with significant gains observed in several stocks [1][3]. Group 1: IPO Details - Moore Threads plans to raise 8 billion yuan through its IPO, primarily for the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips [1]. - The Shanghai Stock Exchange's listing review committee is scheduled to meet on September 26 to review Moore Threads' IPO application [1]. Group 2: Market Reaction - Stocks such as Heertai and Yingqu Technology, which directly hold shares in Moore Threads, experienced a 10% increase and reached their daily limit [4]. - Other companies with indirect stakes, like Honglida and Chuling Information, saw their stock prices rise by 20% [4]. Group 3: Shareholding Structure - Heertai holds a direct stake of 1.03% in Moore Threads, while Yingqu Technology holds 0.34% [4]. - Honglida has an indirect holding of approximately 0.31% through its investment in a venture capital partnership, and Chuling Information has an indirect holding of about 0.02% [4][6]. Group 4: Performance Metrics - Heertai's stock has increased by 178.53% this year, while ST Huaton has seen a remarkable rise of 285.41% [6]. - Other companies like Zhongke Lanyun and Lianmei Holdings also reported varying degrees of stock price increases [5][6].