今日关注 申购提示：今日两只新股申购。 5．中国汽车工业协会12月11日发布的最新数据显示，11月份，我国汽车产销延续良好表现，生产供给 依然保持较快节奏，产销量环比、同比均实现增长。最新数据显示，11月份，我国汽车月度产量首次超 过350万辆，创历史新高。不仅如此，今年前11个月，汽车产销量均超过3100万辆，同比增长均超过 10%。中国汽车工业协会的最新数据同时显示，今年1至11月，我国新能源汽车产销量均接近1500万 辆，同比增长均超过30%。在出口方面，新能源汽车出口231.5万辆，同比增长1倍。 6．《辽宁省冰雪旅游高质量发展三年行动计划（2025—2027年）》公开征求意见。其中提到，充分挖 掘辽宁冰雪文化内涵，健全完善专业型、爱好型、大众型三级产品体系，持续创新"冰雪+""+冰雪"多元 业态与消费场景，构建层次清晰、特色鲜明的辽宁冰雪旅游发展新格局，塑造具有辽宁辨识度的大众冰 雪旅游品牌。培育省级以上滑雪旅游度假地10个，打造冰雪旅游精品线路10条以上，冰雪旅游综合消费 带动效应显著增强，辽宁冰雪品牌影响力全面提升。力争到2027年，全省冰雪旅游年接待人次突破2.6 亿，年综合收入达到2500亿 ...

完整早报音频，请点击标题下方小耳机收听 【范曾新添幼子并与儿女 "断绝关系"的背后：家庭和艺术资产再整合】 2025 年 12 月 11 日中午， 87 岁的书画家范曾通过个人社交平台发 布的一则声明，如一石激起千层浪，迅速成为舆论焦点。声明中，他不仅宣布与第四任妻子徐萌"喜得独子"，更决绝地表示与女儿范晓蕙、继 子范仲达及其家属"断绝关系"，并将所有个人及商业事务全权委托给妻子徐萌。 记者发现，这纸声明并非孤立的情感决裂，其背后紧密关联着 9 天前（ 12 月 2 日）一家名为"十翼范曾（北京）文化艺术有限公司"的新企业 悄然成立。与范曾此前交往颇多的书画收藏界人士曹泽益接受澎湃新闻采访时表示，范曾声明中所言的"本人涉及的一切公益慈善事务，仅通过 北京十翼文化艺术基金会完成；商业运营相关事务，将通过十翼范曾（北京）文化艺术有限公司办理"都是有所指的，"其继子范仲达曾深度参 与其商业运营包括直播销售以范曾为名相关的艺术品。然而，以后，如果以范曾之名直播销售艺术品恐怕就不太好说了。"（澎湃新闻） 上下滑动可查看长图 【 B 站辟谣全面会员：对于造谣者将追究法律责任】 12 月 11 日消息，一条关于哔哩哔哩（下 ...

Core Viewpoint - The company, Moer Technology, has issued a risk warning regarding its stock, indicating potential market overheating and irrational speculation, urging investors to be cautious and invest rationally [1][3]. Group 1: Stock Performance - As of December 11, the closing price of Moer Technology's stock was 941.08 CNY per share, representing a 723.49% increase from its issuance price [1]. - The company's recent trading days saw price increases of 5.73%, 16.98%, and 28.04% respectively, indicating significant volatility [3]. - The company's static price-to-earnings (P/E) ratio is negative, while its price-to-sales (P/S) ratio stands at 1008.84, significantly higher than the industry averages of 59.34 for P/E and 11.76 for P/S [1]. Group 2: Financial Performance and Risks - For the period of January to September 2025, the company reported revenues of 785 million CNY and a net loss of 724 million CNY, with projected net losses ranging from 1.168 billion CNY to 730 million CNY for the full year [4]. - The company faces risks of slow revenue growth and potential ongoing losses, with uncertainties surrounding product certification, customer onboarding, and mass production [4]. Group 3: Company Overview and Innovations - Moer Technology, established in 2020, has emerged as a leading domestic full-function GPU enterprise, becoming the first of its kind to be listed on the Shanghai Stock Exchange's STAR Market [5][6]. - The company has developed the MUSA unified system architecture, achieving breakthroughs in supporting AI computing acceleration, graphics rendering, and other computational tasks on a single chip [7]. - As of June 2025, Moer Technology holds 514 authorized patents, ranking among the top domestic GPU companies in terms of patent quantity [8].

长江商报消息●长江商报记者 沈右荣 上市仅5个交易日，"国产GPU第一股"摩尔线程（688795.SH）的股价已跃至A股第三。 12月11日，摩尔线程低开高走，尾盘稍许发力，大涨28.04%，收报941.08元/股，距离千元股只差59元，仅次于贵 州茅台和寒武纪，居A股第三。 从发行价114.28元/股，到如今的941.08元/股，摩尔线程仅用时5个交易日，这背后，既是一场资本盛宴，也是资 金对稀缺科技的极度追捧。 市场人士认为，寒武纪股价突然崛起，点燃了A股市场对国产硬科技企业的资本信心。A股的硬核科技行情，前有 寒武纪铺路，现在有摩尔线程，未来可能还有沐曦股份。 摩尔线程押注全功能GPU，基于自研的MUSA架构，公司率先实现了在单芯片上同时支持AI计算、图形渲染、物 理仿真及视频处理的能力。 2025年前三季度，摩尔线程实现营业收入7.85亿元，同比增长181.99%；归母净利润为-7.24亿元，较上年同期减亏 18.71%。同期研发投入8.61亿元。 12月11日晚间，摩尔线程发布股票交易风险提示公告，公司称，目前新产品和新架构均处于在研阶段，量产及产 生收入仍需一定时间。 股价狂飙估值增长近14倍 摩 ...

【财经日历】 沪深300、中证500等指数定期调整于收市后生效 上证50、上证180、上证380、科创50等指数定期调整于收市后生效 新股申购：天溯计量、锡华科技 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 道琼斯工业平均 | 48704.01 | 646.26 | 1.34% | | 纳斯达克指数 | 23593.86c | -60.30 | -0.25% | | 标普500 | 6901.00 | 14.32 | 0.21% | 当地时间周四，美股走势分化，道指与标普500指数在周期股带动下续创新高。截至收盘，道指涨 1.34%，纳指跌0.25%，标普500指数涨0.21%。 降息驱动下，小盘股表现尤为亮眼，罗素2000指数收涨1.21%，报2590.61点，盘中亦创历史新高。 甲骨文暴跌10.83%，科技股情绪受明显冲击。公司财报披露云业务收入不及预期，同时宣布未来将额 外投入150亿美元扩建数据中心。 大型科技股多数下跌，谷歌A收跌2.43%，英伟达跌1.55%，特斯拉跌1.01%，亚马逊跌0.65%，苹果跌 0.27%，Meta涨0.4%，微 ...

Group 1 - The Central Economic Work Conference emphasized eight key tasks for economic work in the coming year, focusing on domestic demand, innovation, reform, openness, coordinated development, green transformation, improving people's livelihoods, and risk management [2] - The U.S. stock market showed mixed results, with the Dow Jones rising by 1.34% while the Nasdaq fell by 0.25%. Major tech stocks like Oracle and Google saw significant declines [2] - International oil prices decreased, with WTI crude oil dropping to $57.91 per barrel, while gold prices increased, with spot gold rising to $4,273.16 per ounce [3] Group 2 - The Chinese Ministry of Commerce expressed concerns over Mexico's tax proposal on non-free trade partners, indicating potential harm to trade relations, particularly with China [4] - The Chinese Embassy in Japan urged Chinese citizens to register for overseas citizen registration to enhance consular protection and services [5] - China's automobile production and sales exceeded 31 million units in the first eleven months of 2025, with significant growth in new energy vehicles [6] Group 3 - Coca-Cola announced a succession plan for its CEO, with Henrique Braun set to take over in March 2026, marking a leadership change after nine years [10] - Disney plans to invest $1 billion in OpenAI, becoming a major content partner for OpenAI's short video generation platform Sora [12] - The largest snack and beverage retailer in China, Mingming Henmang, has received approval for its listing in Hong Kong, aiming to enhance its international presence [14] Group 4 - Xiaomi's first major appliance factory has officially commenced operations, marking a significant step in its smart manufacturing strategy [16] - The stock of Moer Technology, known as the "first domestic GPU stock," has seen a dramatic increase of 723.49% since its listing, prompting caution among investors regarding potential volatility [17] - Ha Luo's autonomous taxi service has paused operations in Zhuzhou following an incident involving a pedestrian, raising concerns about the safety of autonomous driving technology [18]

Core Viewpoint - The stock price of Moore Threads (688795) has experienced significant increases since its listing, prompting the company to issue a risk alert due to potential market overheating and irrational speculation [2] Group 1: Stock Performance - Moore Threads' stock has seen substantial growth, with recent trading day increases of 5.73%, 16.98%, and 28.04%, leading to a closing price of 941.08 yuan and a market capitalization of 442.3 billion yuan as of December 11 [2] - Since its listing on December 5, the stock price has surged by 723.49% compared to its issue price, with an initial spike of 425.46% on the first day [2][4] - The company's market capitalization has risen to the 27th position in the A-share market, surpassing well-known companies such as Wuliangye and Heng Rui Medicine [4] Group 2: Financial Performance - For the period from January to September 2025, the company reported an operating income of 785 million yuan and a net loss attributable to shareholders of 724 million yuan, with an expected net loss of between 1.168 billion yuan and 730 million yuan for the full year [2][3] - The company acknowledges that its new products have not yet generated revenue and that achieving sales will require product certification, customer onboarding, and mass production, all of which carry uncertainties [3] Group 3: Future Outlook and Risks - The company anticipates that future revenue growth may be slow or unsustainable due to complex factors such as market conditions, industry competition, and supply chain management, leading to potential ongoing losses [3] - Moore Threads plans to maintain high R&D investment and product iteration based on its self-developed MUSA architecture, but it faces challenges in matching the R&D capabilities and technology accumulation of international competitors [3]

Core Viewpoint - The company, Moore Threads, has experienced a significant stock price increase, raising concerns about potential risks associated with rapid price fluctuations and ongoing operational losses [2][4][10]. Group 1: Stock Price and Market Performance - The company's stock price has risen by 723.49% since its listing on December 5, 2025, significantly outperforming related indices such as the Sci-Tech Innovation Index and the Sci-Tech 50 [4]. - Recent trading days have shown substantial price increases of 5.73%, 16.98%, and 28.04%, indicating high volatility and potential for a market correction [9]. Group 2: Financial Performance and Projections - For the first nine months of 2025, the company reported revenues of 785 million yuan and a net loss of 724 million yuan, with projected net losses for the full year ranging from 1.168 billion yuan to 730 million yuan [5][10]. - The company is facing risks of slow revenue growth and sustained losses, which may hinder its ability to achieve profitability within the expected timeframe [10]. Group 3: Product Development and Market Position - The company is focused on maintaining high research and development investments based on its proprietary MUSA architecture, although it currently lacks competitive advantages in terms of R&D capabilities and market presence compared to international giants [3][11]. - New products are still in the development stage and have not yet generated revenue, with uncertainties surrounding product certification, customer onboarding, and mass production [5][6]. Group 4: Industry Comparisons - As of December 11, 2025, the company's static price-to-earnings ratio is negative, and its price-to-sales ratio stands at 1,008.84, significantly higher than the industry averages of 59.34 and 11.76, respectively [3][8].

12月11日，A股市场呈现指数调整、个股普跌、热点集中的"二八分化"格局。全市场上涨个股仅1032 只，占比不足两成，下跌个股数量高达4378只，占比超八成。全市场成交额放量至1.89万亿元，较前一 交易日增加936亿元，但资金做多意愿高度集中，多数板块沦为"资金旁观者"。截至收盘，三大核心指 数集体回调：上证指数报3873.32点，下跌0.70%；深证成指跌1.27%至13147.39点；创业板指表现最 弱，跌幅达1.41%，收于3163.67点。 在市场调整的背景下，科创板新股摩尔线程成为"破局者"，股价上演持续拉升行情。该股昨日早盘突破 800元整数关口后，午后持续发力，最终以最高价941.08元/股收盘，单日涨幅高达28.04%。 作为"国产GPU第一股"，摩尔线程自12月5日登陆科创板以来，股价表现堪称爆发力十足。从114.28元/ 股的发行价算起，短短5个交易日累计涨幅已达723.49%，总市值飙升至4423亿元，成为A股市场市值排 名前列的科技股。交易数据显示，该股昨日成交额达124亿元，位居A股第六，资金虹吸效应显著，成 为耀眼的"明星股"。 除摩尔线程外，商业航天、风电设备等少数板块逆势活跃 ...

证券代码：688795 证券简称：摩尔线程 公告编号：2025-001 摩尔线程智能科技（北京）股份有限公司 关于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： 1 股价累计涨幅较大风险提示：近期，摩尔线程智能科技（北京）股份有限公 司（以下简称"公司"）股票涨幅较大，显著高于科创综指、科创 50 等相 关指数涨幅。股票价格可能存在短期上涨过快出现的下跌风险，投资者参与 交易可能面临较大风险。公司基本面未发生重大变化，也不存在其他应披露 而未披露的重大信息。 公司将于近期召开首届 MUSA 开发者大会，预计短期内对公司经营业绩不 会产生重大影响。公司新产品尚未产生收入，产品实现销售尚需要经过产品 认证、客户导入、量产供货等环节，均存在不确定性。新产品在市场竞争中 未能取得优势，或遭遇技术迭代滞后、市场需求不及预期、关键客户导入失 败或流失、量产供货困难等不利情形，将对公司的整体经营业绩和财务状况 产生不利影响。 业绩亏损风险：2025 年 1-9 月，公司营业收入为 7.85 亿元，归属于母 ...