Core Viewpoint - The article discusses the recent surge in stock prices of companies holding shares in Moer Technology following its IPO approval, highlighting the significant price movements and investor interest in related stocks [2][4]. Summary by Sections Moer Technology IPO and Stock Performance - Moer Technology's IPO was approved, leading to a strong performance in several related stocks, including Heertai (002402.SZ), which saw a more than 6% increase in early trading [2]. - Yingqu Technology (002925.SZ) reported holding 134.0374 million shares of Moer Technology, accounting for 0.3351% of its pre-IPO total shares, and its stock rose over 9% [2]. - Chuling Information (300250.SZ) indicated an indirect holding of approximately 0.0229% in Moer Technology, resulting in a 20% increase in its stock price [2]. Other Companies Holding Moer Technology Shares - Zhongke Lanyun (688332.SH) stated it holds 134.04 million shares directly and an additional 67.01 million shares indirectly, totaling 0.5% of Moer Technology's pre-IPO shares, with its stock rising by 10.09% [3]. - Lianmei Holdings (600167.SH) invested 100 million yuan in Moer Technology through a subsidiary, leading to a stock increase of over 7% [4]. - Honglida (688330.SH) reported an indirect holding of about 0.3% in Moer Technology, with its stock rising over 5% [4]. Stock Price Volatility and Risk Warnings - Several Moer Technology-related stocks experienced significant price fluctuations, with initial surges followed by declines. For instance, Chuling Technology saw a drop of 8.41% and 10.2% on September 25 and 26, respectively [5]. - Lianmei Holdings and Heertai also faced declines after substantial increases, prompting them to issue risk warnings regarding their stock performance [5]. - Companies like Shenghong Technology and Lihexing confirmed their relationships with Moer Technology but refrained from disclosing specific details due to confidentiality agreements [5].

Core Viewpoint - The recent IPO approval of Moer Technology has led to a surge in the stock prices of several companies holding shares in Moer Technology, indicating strong market interest and potential investment opportunities in the sector [2][4]. Company Holdings - Heertai (002402.SZ) holds a direct stake of 1.0262% in Moer Technology and saw its stock price increase by over 6% in early trading [2]. - Yingqu Technology (002925.SZ) owns 134,037.4 shares of Moer Technology, representing 0.3351% of its pre-IPO total shares, with its stock rising over 9% [2]. - Chuling Information (300250.SZ) has an indirect holding of approximately 0.0229% in Moer Technology, resulting in a 20% increase in its stock price [2]. - Zhongke Lanyun (688332.SH) holds 134,040 shares directly and an additional 67,010 shares indirectly, totaling 0.5% of Moer Technology's pre-IPO shares, with a stock price increase of 10.09% [3]. - Lianmei Holdings (600167.SH) invested 100 million yuan in Moer Technology through a subsidiary, leading to a stock price increase of over 7% [4]. - Honglida (688330.SH) has an indirect holding of about 0.3% in Moer Technology, with its stock price rising over 5% [4]. Stock Price Movements - Several Moer Technology concept stocks have experienced significant price fluctuations recently, with notable increases earlier in the month, including Chuling Technology rising by 19.99% on September 22 and 23 [4]. - Zhongke Lanyun saw a 20% increase on September 22, while Lianmei Holdings experienced three consecutive days of price increases [4]. - However, some stocks faced declines after the initial surge, with Chuling Technology dropping 8.41% and 10.2% on September 25 and 26, respectively [4]. Risk Warnings - Chuling Information issued a risk warning on September 23, highlighting its minimal indirect stake in Moer Technology [5]. - Lianmei Holdings noted a cumulative increase of 58.56% since September 18, cautioning against potential irrational trading behavior [5]. - Honglida also reminded investors of its small indirect holding in Moer Technology, urging caution [5].

Core Viewpoint - Multiple listed companies hold shares in Moore Threads, leading to a surge in related stocks following the company's IPO approval Group 1: Company Holdings - Heertai (002402.SZ) directly holds 1.0262% of Moore Threads before issuance, with its stock rising over 6% today [2] - Yingqu Technology (002925.SZ) holds 134,037.4 shares of Moore Threads, representing 0.3351% of the total share capital before issuance, with its stock increasing over 9% today [2] - Chuling Information (300250.SZ) has an indirect holding of 0.0229% through a fund, with its stock rising 20% today [2] - Zhongke Lanyun (688332.SH) directly holds 134,040 shares (0.34%) and indirectly holds 67,010 shares (0.17%), totaling 0.5%, with its stock increasing by 10.09% today [4] - Lianmei Holdings (600167.SH) invested 100 million yuan in Moore Threads through a subsidiary, with its stock rising over 7% today [4] - Honglida (688330.SH) indirectly holds approximately 0.3% of Moore Threads, with its stock increasing over 5% today [4] Group 2: Stock Price Movements - Several Moore Threads concept stocks have experienced significant price fluctuations, with Chuling Technology rising 19.99% on September 22 and 23, and Zhongke Lanyun rising 20% on September 22 [4] - Lianmei Holdings saw a three-day limit-up from September 22 to 24, while Heertai also reached a limit-up on September 22 and 23 [4] - However, some stocks faced declines after the initial surge, with Chuling Technology dropping 8.41% and 10.2% on September 25 and 26, respectively [5] - Lianmei Holdings fell by 10.04% on September 26, and Heertai experienced declines over two days [5] Group 3: Risk Warnings - Chuling Information issued a risk warning on September 23, stating its indirect holding in Moore Threads is minimal [5] - Lianmei Holdings noted a cumulative increase of 58.56% since September 18, cautioning against irrational trading behavior [5] - Honglida also reminded investors of its small indirect holding in Moore Threads [5]

Group 1 - The core viewpoint of the article highlights the strong performance of stocks related to Moer Thread, with significant price increases observed in several companies following the news of Moer Thread's IPO approval [1] - Moer Thread's IPO application was approved by the Shanghai Stock Exchange's Science and Technology Innovation Board, with the review process taking only 88 days from acceptance to approval [1] - The company plans to raise 8 billion yuan through the IPO, which will be allocated to the development of new generation self-controlled AI training and inference integrated chips, graphics chips, and AI SoC chips [1] Group 2 - Moer Thread has already mass-produced five types of chips, establishing a product matrix that covers AI computing, high-performance computing, and graphics rendering [1] - The company has completed the layout of a full-stack AI product line, encompassing "cloud-edge-end" solutions [1]

"中国版英伟达"IPO过会。 9月26日，据上海证券交易所官网披露，上海证券交易所上市审核委员会2025年第40次审议会议召开。会议审议结果显示，摩尔线程智能科技（北京）股份 有限公司（以下简称"摩尔线程"）的IPO符合发行条件、上市条件和信息披露要求。 据悉，摩尔线程主要从事全功能GPU相关产品的研发、设计和销售，是国内极少数兼顾图形渲染与AI计算的国产GPU公司，也是行业独角兽企业。若能成 功上市，摩尔线程或将成为"国产GPU第一股"。 摩尔线程IPO过会 9月26日，据上交所官网消息，摩尔线程科创板IPO申请通过上交所上市委会议审议。 摩尔线程直接或间接参股公司曝光 自摩尔线程启动科创板IPO以来，其参股公司以及产业链公司备受市场关注。根据股权穿透信息，数据宝梳理出摩尔线程部分直接或间接参股公司。 从A股公司来看，这些直接或间接参股公司覆盖电子、计算机、通信、传媒等多个行业。直接参股的公司有和而泰、盈趣科技等；间接参股公司有宏力达、 初灵信息、长飞光纤等。 和而泰持股比例超过1%，在投资者关系互动平台上，和而泰表示，摩尔线程是公司上游企业，在人工智能的大背景下，双方有一定的业务协同，具体的业 务合作公司 ...

Investment Rating - The report maintains an "Overweight" rating for the power equipment and new energy industry [2] Core Insights - The energy storage system bidding scale in August 2025 saw a month-on-month increase of over 10 times, reaching 17.7GW/45.7GWh, marking a year-on-year growth of 237.1% and 691.4% respectively [5][39] - The power equipment sector has outperformed the CSI 300 index, with a year-to-date increase of 38.91%, surpassing the index by 22.18 percentage points [12][18] - The report highlights significant growth in the grid-side energy storage system, which reached a bidding scale of 18.2GWh in August, reflecting a year-on-year increase of 437.2% and a month-on-month increase of 521.9% [40] Summary by Sections Market Review - As of September 25, 2025, the power equipment industry rose by 8.19% over the past two weeks, outperforming the CSI 300 index by 7.19 percentage points, ranking second among 31 industries [12] - The wind power equipment sector increased by 8.31%, while the battery sector saw a rise of 12.48% [18] Valuation and Industry Data - The power equipment sector's PE (TTM) is 34.90 times, with sub-sectors like the motor sector at 67.83 times and the battery sector at 37.26 times [25] - The report provides detailed valuation metrics for various sub-sectors, indicating a significant premium over historical averages [25] Industry News - The report notes China's commitment to reducing greenhouse gas emissions and increasing the share of non-fossil energy consumption to over 30% by 2035 [39] - It emphasizes the government's push for large-scale applications of energy storage equipment, focusing on safety and efficiency [39] Company Announcements - The report includes announcements from companies like Datang Group regarding a major offshore wind power project and various corporate actions from firms like Goldwind Technology and Longi Green Energy [42][43] Weekly Perspective - The report suggests focusing on leading inverter companies benefiting from the development of new energy storage technologies, highlighting specific companies such as Guodian NARI and Sunshine Power [44]

证券日报网讯9月25日晚间，宏力达发布公告称，公司及全资或控股子公司不存在逾期担保和涉及诉讼 担保的情况。 ...

Core Viewpoint - The company, Honglida (688330.SH), has approved a proposal to utilize idle self-owned funds for cash management, amounting to a maximum of RMB 1.8 billion, aimed at purchasing high-security and liquid financial products or structured deposits within a 12-month period [1] Group 1 - The company will use up to RMB 1.8 billion of idle self-owned funds for cash management [1] - The funds will be allocated for purchasing financial products with high security and good liquidity [1] - The duration for this cash management initiative is set for 12 months from the date of the board's approval [1]

核查意见 华泰联合证券有限责任公司 关于上海宏力达信息技术股份有限公司 使用部分闲置募集资金进行现金管理的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐机构"） 作为上海宏力达信息技术股份有限公司（以下简称"宏力达"或"公司"）首次 公开发行股票并在科创板上市项目的保荐机构，根据《证券发行上市保荐业务管 理办法》《上市公司募集资金监管规则》《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关规 定，对宏力达本次拟使用部分闲置募集资金进行现金管理事项进行了审慎尽职调 查，具体核查情况如下： 一、募集资金基本情况 （一）公司首次公开发行股票募集资金的情况 根据中国证监会于 2020 年 9 月 8 日核发的"证监许可[2020]2129 号"《关 于同意上海宏力达信息技术股份有限公司首次公开发行股票注册的批复》，公司 首次向社会公众发行人民币普通股 2,500 万股，每股面值人民币 1.00 元，每股发 行价格为人民币 88.23 元，募集资金总额人民币 220,575.00 万元，扣除各项发行 费用后，实际募集资金净额为 206,6 ...

证券代码：688330 证券简称：宏力达 公告编号：2025-039 上海宏力达信息技术股份有限公司 关于对外提供反担保的公告 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法律责任。 重要内容提示： | 对外担保逾期的累计金额（万元） | 0.00 | | --- | --- | | 截至本公告日上市公司及其控股 | 年 月 日中国人民银行公布的 6,652（按 2025 9 25 | | 子公司对外担保总额（万元） 对外担保总额占上市公司最近一 | 人民币汇率中间价折算，不含本次） | | | 1.76 | | 期经审计净资产的比例（%） | | | 特别风险提示（如有请勾选） | □对外担保总额（含本次）超过上市公司最近一 | | | 期经审计净资产 50% | | | □对外担保总额（含本次）超过上市公司最近一 | | | 期经审计净资产 100% | | | □对合并报表外单位担保总额（含本次）达到或 | | --- | --- | | | 超过最近一期经审计净资产 30% | | | □本次对资产负债率超过 70%的单位提供 ...