12月12日晚间，摩尔线程智能科技（北京）股份有限公司（688795.SH）发布公告，拟使用不超过 75 亿元的部分闲置募集资金进行现金 管理。公告披露引起关注，《科创板日报》记者随即向公司相关负责人进行了求证。 该负责人明确称， 公司将持续加大研发投入，以加速产品快速迭代、攻坚核心技术壁垒，并构建自主可控的技术与产品体系，绝不会因现 金管理影响募投项目的正常实施和公司主营业务的正常发展。 对此，摩尔线程相关负责人表示 ，"公司前期明确披露了募集资金的项目计划，所募75亿资金有分阶段、明确的研发、技术升级等一系列使 用安排，也将严格按照既定募投项目计划的推进。项目实施周期为三年，资金支出将根据项目进度分阶段拨付。因为项目是分阶段投入，现 阶段为提升募集资金使用效率，在确保募投项目顺利实施、不影响原有资金安排、且保障募集资金安全的前提下，当前公司拟对部分尚未暂 时闲置的募集资金进行现金管理，以合理提高资金收益，符合公司及全体股东的利益。" 同时，上述负责人还表示，本次审议的75亿元为现金管理额度上限，并非实际现金管理金额。实际现金管理金额将明显小于上限，而且后续 随着募投项目逐步推进，以及置换前期自有资金投入募 ...

Core Viewpoint - Moer Technology plans to use up to RMB 7.5 billion of idle raised funds for cash management, effective for 12 months from board approval, to enhance fund utilization efficiency and ensure project implementation safety [1][3] Fundraising and Financial Performance - The company recently completed its IPO, raising approximately RMB 7.9996 billion, with a net amount of about RMB 7.576 billion after expenses [1][3] - In the first six trading days post-IPO, Moer Technology's stock price surged by 723.49%, reaching a peak of RMB 941.08 per share, with a market cap exceeding RMB 440 billion [1] - On December 12, the stock experienced a significant drop of over 19%, closing at RMB 814.88, but still reflecting a cumulative increase of over 613% [1] Investment Allocation - The raised funds will be allocated to three core technology projects: - New generation AI training and inference integrated chip project (approximately RMB 2.51 billion) - New generation graphics chip project (approximately RMB 2.50 billion) - New generation AI SoC chip project (approximately RMB 1.98 billion) - An additional RMB 1 billion is designated for working capital [3][4][5] Cash Management Strategy - The cash management plan aims to invest in high-security, liquid principal-protected products, including but not limited to time deposits and structured deposits, without affecting the ongoing projects [3][5] - The company emphasizes that this strategy will not impact daily operations or project progress while aiming to enhance cash asset returns for shareholders [3] Market Reaction and Future Outlook - Following the announcement of the cash management plan, investor reactions were mixed, with some questioning the decision while others supported it as a means to ensure liquidity and increase revenue [3] - Moer Technology is set to release a new generation GPU architecture on December 19-20, which has generated investor enthusiasm, leading to stock price increases of 5.73%, 16.98%, and 28.04% over three consecutive trading days [5] - The company has acknowledged the need for continued high R&D investment and product iteration, while recognizing existing gaps compared to international competitors [5][6] Financial Status - As of the first half of 2025, Moer Technology reported revenue of RMB 702 million, surpassing total revenue from 2022 to 2024, but still incurred a net loss of RMB 271 million [6] - The company anticipates achieving profitability by 2027 at the earliest, with cumulative losses of approximately RMB 1.48 billion as of June 30, 2025 [6]

Policy - The Central Economic Work Conference emphasized the implementation of a new round of high-quality development actions for key industrial chains, focusing on innovation-driven growth and the establishment of international technology innovation centers in major regions [1] - Xiamen's 14th Five-Year Plan suggests strengthening efficient supply of computing power, algorithms, and data, promoting digital transformation across the city, and enhancing the integration of the digital economy with the real economy [1] Investment Activities - Shanghai Future Industry Fund plans to invest in five sub-funds, including Shanghai Lianxue Venture Capital and Shanghai Innovation Workshop Venture Capital [4] - Zhongqi Technology completed a financing round of over 500 million RMB, with participation from various institutional investors [7] - Star Source Intelligent Robot completed a financing round exceeding 100 million RMB, focusing on multi-modal spatial intelligence [9] - Ling Sheng Technology completed approximately 100 million RMB in Pre-A financing, aimed at accelerating the development of brain-like technology [10] - Zhuoyue Intelligent completed 200 million RMB in C round financing, focusing on intelligent drone systems [11] Market Developments - Moore Threads is set to unveil a new generation GPU architecture at the upcoming MUSA Developer Conference [13][14] - China Shipbuilding Special Gas announced an investment of approximately 870 million RMB for a project to produce high-purity hydrogen sulfide and other electronic gases [14] - Xingfu Electronics plans to invest 480 million RMB in a project for electronic-grade phosphoric acid, driven by increasing demand in semiconductor manufacturing [14] - Tongyizhong intends to invest about 198 million RMB in a project for ultra-high molecular weight polyethylene fiber, expanding its applications in various fields [15]

来源: 金石杂谈 12月12日，知名国产GPU龙头再一次火了！ 摩尔线程上市募资的钱还没捂热，就着急忙慌的杀入了银行理财，而且是存款、大额存单等保本型理财。 根据摩尔线程配售结果，摩尔发行价114.28元，发行7000万股，募资额不到80亿元，刚刚上市6天，就紧急把75亿拿去买理财了。 统计发现，摩尔上市前股东有4亿股，禁售；本次发行7000万股，战略配售1400万股；有触发回拨机制，网上配售1680万股，中签率低至0.036%；网下配 售3920万，各大公募、私募（包括量化）、保险、券商、资管挤破头杀入。 对此，有网友表示，先存起来，等做研发的时候可以随时拿来用。可没那么简单！大家看清楚，买的是协定存款、通知存款、定期存款、大额存单，其中 定期存款、大额存单，基本都是定期，是段时间内用不到钱才会存定期。 股民们纷纷冷嘲热讽：摩尔才上市就拿75亿去理财！ 这家公司简直是太奇葩了，现在上市了，员工个个身价上千万，你说哪还有奋斗的动力，还研发什么GPU了。 | S摩尔线程-U(SH(88795)S 摩尔才上市就拿75亿去理财!这家公司简直是太奇葩了,现 | 月 - - | | --- | --- | | 在上市了 ...

关于使用部分闲置募集资金进行现金管理的公告 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： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688795 证券简称：摩尔线程 公告编号：2025-002 摩尔线程智能科技（北京）股份有限公司 公司及实施募投项目的子公司计划使用最高不超过人民币750,000.00万元（含本数）的闲置募集资金进 行现金管理，使用期限自董事会审议通过之日起12个月内有效。在上述额度及期限范围内，资金可以循 环滚动使用。 （三）资金来源 ● 投资种类：包括但不限于协定存款、通知存款、定期存款、结构性存款、大额存单、收益凭证等安全 性高、流动性好的保本型产品 ● 投资金额：人民币750,000.00万元（含本数） ● 已履行及拟履行的审议程序：摩尔线程智能科技（北京）股份有限公司（以下简称"公司"）于2025年 12月12日召开第一届董事会审计委员会第八次会议、第一届董事会第十四次会议，审议通过了《关于使 用部分闲置募集资金进行现金管理的议案》，保荐人中信证券股份有限公司（以下 ...

Mergers and Acquisitions - Moore Threads plans to use no more than 7.5 billion yuan of idle raised funds for cash management [3] - Tian康 Bio intends to acquire 51% equity of Qiangdu Livestock for 1.275 billion yuan [3] - Greenmeadow plans to acquire 16.38% equity of Henan Recycling Group for 400 million yuan [3] - Chongqing Water intends to acquire a sewage treatment project for 382 million yuan [3] - Enjie shares plans to acquire 100% equity of Zhongke Hualian, with stock resuming trading [3] - Rongbai Technology plans to acquire part of the equity of Guizhou Xinren and increase capital to achieve control [3] - Jiahuan Energy plans to merge with its wholly-owned subsidiary Zhejiang Jiahuan Hydrogen Peroxide Co., Ltd. [3] Financing Activities - Guangzhou Development received a registration notice for 8 billion yuan medium-term notes and 6 billion yuan short-term financing bonds [3] - Poly Development plans to issue convertible bonds to raise no more than 5 billion yuan [3] - Liaoning Chengda's 3 billion yuan medium-term notes have been approved for registration [3] - Tianyu Bio's application for issuing A-shares to specific targets in 2025 has been accepted by the Shanghai Stock Exchange [3] - Tonglian Precision's application for issuing convertible bonds to unspecified targets has been approved by the Shanghai Stock Exchange [3] Shareholding Changes - Xice Testing's actual controller plans to transfer 5% of the company's shares through an agreement [3] - China High-Tech's control is set to change, with stock suspension starting December 15 [3] Buybacks and Shareholding Adjustments - Oppein Home's actual controller and concerted actors plan to increase their holdings of company shares by 50 million to 100 million yuan [3] - Maide Medical plans to repurchase shares worth 20 million to 40 million yuan [3] - Xilong Science's private equity intends to reduce its holdings by no more than 1% of the company's shares [3] - Jincheng shares' actual controller and concerted actors plan to reduce their holdings by no more than 0.97% [3] Operational Data - China Merchants Port reported a container throughput of 17.248 million TEUs in November, a year-on-year increase of 6.4% [4] Major Investments - New Fengming plans to invest 280 million USD in a 360,000 tons/year functional fiber project in Egypt [5] - Tian Shun Wind Power plans to raise no more than 1.95 billion yuan for the expansion of the Changfeng New Energy Equipment Manufacturing Base [5] - Lei Sai Intelligent plans to raise no more than 1.144 billion yuan for core components of intelligent equipment motion control [5] - Hainan Development's subsidiary plans to invest 215 million yuan in the second phase of the Zhuhai production base [5]

（原标题：摩尔线程-U12月12日龙虎榜数据） | 买入营业部名称 | 买入 | | --- | --- | | | 金额(万元) | | 摩根大通证券(中国)有限公司上海银城中路证券营业部 | 20711.03 | | 高盛(中国)证券有限责任公司上海浦东新区世纪大道证券营业部 | 13742.04 | | 中国银河证券股份有限公司厦门湖滨中路证券营业部 | 11690.90 | | 国泰海通证券股份有限公司总部 | 10452.22 | | 平安证券股份有限公司深圳分公司 | 8279.47 | | 卖出营业部名称 | 卖出 | | | 金额(万元) | | 高盛(中国)证券有限责任公司上海浦东新区世纪大道证券营业部 | 35002.72 | | 国泰海通证券股份有限公司总部 | 32659.35 | | 华泰证券股份有限公司南京分公司 | 18878.12 | | 华泰证券股份有限公司深圳前海证券营业部 | 13355.16 | | 中国国际金融股份有限公司上海分公司 | 11665.23 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 证券时报•数据宝统计显示，上榜的前五大买卖营业部 ...

Group 1 - The company announced plans to utilize up to 7.5 billion yuan of idle raised funds for cash management to improve the efficiency of fund usage [1] - The cash management will be conducted within a 12-month period from the board's approval, allowing for the funds to be used in a rolling manner [1] - The company will invest in low-risk, high-liquidity financial products such as agreed deposits, notice deposits, time deposits, structured deposits, large certificates of deposit, and income certificates [1] Group 2 - Following the announcement, the company's stock price experienced a significant decline, dropping 13.41% to close at 814.88 yuan, after previously rising sharply [3]

这些募集资金是用于投入研发项目和补充流动资金。 12月12日傍晚，摩尔线程（688795.SH）公告称，拟使用最高75亿元进行现金管理，资金来源为闲置募集资金。 | 序号 | 项目名称 | 项目投资总额 | 拟投入募集资金金额 | | --- | --- | --- | --- | | | 摩尔线程新一代自主可控 AI 训 推一体芯片研发项目 | 250, 957. 98 | 250,957.98 | | | 摩尔线程新一代自主可控图形 芯片研发项目 | 250, 233. 23 | 250.233.23 | | 3 | 摩尔线程新一代自主可控 AISoC | 198.180. 33 | 198.180.33 | | 芯片研发项目 | | | | --- | --- | --- | | 补充流动资金 | 100,628.45 | 100,628.45 | | 合计 | 800,000.00 | 800,000.00 | 现在，这些拟用于投入研发项目和补充流动资金的募集资金，绝大多数被摩尔线程归类为闲置募集资金，且大多数可 能用于现金管理。 据摩尔线程介绍，投资种类包括但不限于协定存款、通知存款、定期存款、结构 ...

如果你在12月5日早上有幸中了摩尔线程的一签，恭喜你，截至这个寒冷的12月11日，你的账户会凭空多出温暖的近31万元。 上市首日暴涨425.5%之后，摩尔线程仅经历了短短一个交易日的调整，便开始复刻今年8月寒武纪般的强势走势： 12月9日，成交额约54.78亿元，上涨约5.73%，股价重返600元大关； 12月10日，成交额约108亿元，涨幅约16.98%，不仅收复失地，更将上市首日留下的回调轨迹彻底覆盖。 至此，摩尔线程已悍然跻身继贵州茅台、寒武纪后，A股股价排名第三的公司。 到了昨天的12.11，股价继续一路拉升。最终，摩尔线程于全日最高点941.08元收盘，成交额推高至约124.48亿元，轻松跨越800元门槛。 12月12日，开盘价略有下探，报879元，但随后仍持续下跌。截至北京时间13:04发稿，实时股价约为846.77元。 从首日开盘的惊艳到A股第三，这支代号688795的股票，只用不到一周时间，便完成了从新股到"摩王"的身份转换。 摩尔线程，这位被视为"中国版英伟达"的"国产GPU第一股"，究竟承载了市场怎样的重托与想象？ MACD金叉信号形成，这些股涨势不错！ MACD金叉信号形成，这些股涨势不 ...