Moore Threads Technology(688795)
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上市5天涨超700%,股价高居A股第三!4000亿市值“明星股”紧急提醒:存在下跌风险
Mei Ri Jing Ji Xin Wen· 2025-12-11 14:11
Core Viewpoint - Since its listing, Moores Threads (688795) has experienced a significant increase in stock price, prompting a risk warning announcement due to the rapid rise exceeding that of related indices [1][2]. Group 1: Stock Performance - Moores Threads' stock price surged by 425.46% on its listing day, December 5, and has seen increases of 5.73%, 16.98%, and 28.04% in the following three trading days [4]. - As of December 11, the stock price reached 941.08 CNY, with a market capitalization of 442.3 billion CNY, ranking 27th in the A-share market [4]. - The stock has increased by 723.49% compared to its issue price of 114.28 CNY within just five trading days [4]. Group 2: Financial Performance - For the period of January to September 2025, the company reported a revenue of 785 million CNY and a net loss attributable to shareholders of 724 million CNY [1]. - The projected net loss for the full year of 2025 is estimated to be between 1.168 billion CNY and 730 million CNY [1]. Group 3: Market Position and Risks - The static price-to-earnings ratio for the computer, communication, and other electronic equipment manufacturing industry is 59.34, while Moores Threads has a negative P/E ratio and a significantly high price-to-sales ratio of 1008.84 [2]. - The company is investing heavily in R&D based on its self-developed MUSA architecture, but it still lags behind international competitors in terms of R&D capabilities and product ecosystem [2]. - New products are still in the research phase, and revenue generation will take time, with potential risks related to market competition and product development [1][2].
摩尔线程,紧急公告
Zheng Quan Shi Bao· 2025-12-11 14:03
Group 1: Company Overview - Moer Technology's stock surged by 28% on December 11, reaching a market capitalization of over 440 billion yuan, marking a new high since its listing on December 5, 2025 [3] - The stock price has increased by over 700% since its IPO, resulting in significant profits for investors who participated in the initial offering [3] - As of September 2025, the company reported a revenue of 785 million yuan and a net loss of 724 million yuan, with an expected net loss for the full year ranging from 1.168 billion to 730 million yuan [7] Group 2: Risk and Performance - Moer Technology issued a risk warning regarding its stock price, indicating that the rapid increase may lead to a potential decline, and emphasized that the company's fundamentals have not changed significantly [6][7] - The company is still in the research phase for its new products and architectures, which have not yet generated revenue, and faces uncertainties in achieving mass production and sales [6][7] - The company plans to hold its first MUSA Developer Conference, but this is not expected to have a significant impact on its short-term financial performance [6] Group 3: Stock Buyback Announcements - Jerry Holdings announced an increase in its stock buyback price limit from 48.16 yuan to 90 yuan per share, effective December 12, 2025, due to the stock price exceeding the previous limit [9] - Jerry Holdings has repurchased 3.0875 million shares, accounting for 0.30% of its total share capital, with a total expenditure of 1.06 billion yuan [9][10] - Baiao Chemical also raised its stock buyback price limit from 31.67 yuan to 48.95 yuan per share, reflecting confidence in its future development [11]
摩尔线程,紧急公告!
Mei Ri Jing Ji Xin Wen· 2025-12-11 13:39
Core Viewpoint - The company, Moer Technology, has experienced a significant stock price increase of 723.49% since its listing on December 5, 2025, raising concerns about potential short-term volatility and risks associated with its stock price surge [4]. Financial Performance - For the period of January to September 2025, the company reported a revenue of 785 million yuan and a net loss attributable to shareholders of 724 million yuan [4]. - The company anticipates a net loss for the full year of 2025 to be between 1.168 billion yuan and 730 million yuan [4]. - The company's stock price closed at 941.08 yuan per share on December 11, 2025, with a static price-to-sales ratio of 1,008.84 times, significantly higher than the industry average of 59.34 times [5][6]. Market Performance - The company's stock has shown substantial volatility, with recent trading days reflecting increases of 5.73%, 16.98%, and 28.04% [7]. - The stock's performance has outpaced relevant indices such as the Sci-Tech Innovation Index and the Sci-Tech 50 Index, indicating a potential market overreaction [7]. Product Development and Risks - The company is currently in the research phase for new products and architectures, with revenue generation expected to take time due to necessary steps like product certification and customer onboarding [4]. - There are uncertainties regarding the competitive positioning of new products, which may face challenges such as technological obsolescence, insufficient market demand, and difficulties in mass production [4]. Research and Development - The company maintains high R&D expenditures to ensure technological advancement, but this has resulted in ongoing losses and a lack of profitability [8]. - The company faces risks related to technological and product iteration, as it must keep pace with rapid changes in the integrated circuit design industry to maintain market competitiveness [9].
谁来接盘?
表舅是养基大户· 2025-12-11 13:33
Group 1 - The core viewpoint of the article highlights the dramatic rise of "Mole King" (摩尔线程), which saw its stock price increase by 28% in one day, reaching over 940 yuan, making it the third highest stock in A-shares [1][4]. - The article discusses the contrasting market behavior, where while "Mole King" surged, 90% of other stocks experienced declines, indicating a market-wide downturn despite the excitement around "Mole King" [2][5]. - The article emphasizes the uncertainty surrounding future interest rate cuts by the Federal Reserve, suggesting that while cuts are expected, the pace remains unclear, impacting investment strategies [4][7]. Group 2 - "Mole King" has a market capitalization exceeding 440 billion yuan, with a circulating market value of only 20 billion yuan, indicating it is a small-cap stock heavily driven by speculation [8][13]. - The trading volume of "Mole King" has been exceptionally high, with a turnover rate exceeding 50% for two consecutive days, suggesting significant trading activity and liquidity [9][10]. - The article compares "Mole King" with its peers, highlighting that while "Mole King" is currently unprofitable, its market valuation is comparable to established companies like "Cold King" (寒王) and "Sea King" (海王), which are profitable [14][18]. Group 3 - The article notes the growing interest in the aerospace and satellite industries, particularly the satellite ETF, which has been a leading sector in the market [21]. - It mentions the recent monetary policy meeting, indicating a continued expectation for accommodative monetary policies, including potential further interest rate cuts [26]. - The article discusses the trend of QDII funds and the importance of diversified asset allocation for investors, suggesting a strategic approach to investment in the current market environment [27].
年内IPO保荐承销费同比增近四成,头部券商“油水更足”
Di Yi Cai Jing· 2025-12-11 13:22
Core Insights - The investment banking sector is experiencing increased underwriting fees for IPOs while facing stringent regulatory scrutiny and frequent penalties [1][5][6] Group 1: Underwriting Fees - The underwriting and sponsorship fees for newly listed companies have reached significant levels, with the highest being 392 million yuan for Moer Thread-U and the second highest being 267 million yuan for Muxi Co., Ltd [1][2] - A total of 102 companies have gone public this year, with the total underwriting fees amounting to 5.878 billion yuan, representing a nearly 40% year-on-year increase [1][3] - Major securities firms like CITIC Securities, CITIC Jianzhong, Guotai Junan, and Huatai United hold a substantial number of projects, contributing significantly to the total fees [4] Group 2: Regulatory Environment - The investment banking sector has faced increased regulatory scrutiny, with 286 individuals listed under penalty categories, including 74 who were penalized this year [5][6] - Specific cases of penalties include those against Guojin Securities for failing to conduct adequate due diligence on a client, leading to inaccurate disclosures [5][6] - Firms are responding to regulatory pressures by enhancing compliance and research investments, which may temporarily reduce profits but are expected to strengthen competitive positioning in the long term [7]
摩尔线程,提示风险
Zheng Quan Shi Bao· 2025-12-11 13:06
Core Viewpoint - The stock price of Moer Thread has surged significantly, surpassing 900 yuan, prompting the company to issue a risk warning regarding potential short-term price corrections due to rapid increases in stock value [1]. Group 1: Stock Performance - Moer Thread's stock rose by 28.04% today, reaching a price of 941.08 yuan per share, with a total market capitalization of 442.3 billion yuan [2]. - Since its listing, the stock has increased by over 700% in just five trading days, leading to a potential profit exceeding 400,000 yuan for investors who held onto their shares since the IPO [2]. Group 2: Financial Metrics - The static price-to-earnings (P/E) ratio for the computer, communication, and other electronic equipment manufacturing industry is reported at 59.34 times, while the static price-to-sales (P/S) ratio stands at 11.76 times [4]. - Moer Thread's latest static P/E ratio is negative, and its P/S ratio is significantly higher at 1008.84 times, indicating a substantial deviation from industry averages [5]. Group 3: Upcoming Events - Moer Thread will hold its first MUSA Developer Conference from December 19 to 20, where the founder and CEO will outline the company's full-stack development strategy centered around the MUSA architecture and introduce new GPU architecture and product systems [5]. - The company anticipates that the conference will not have a significant short-term impact on its operating performance, as new products have yet to generate revenue and require various stages of development before market introduction [5]. Group 4: Financial Performance and Outlook - For the first nine months of 2025, Moer Thread reported revenues of 785 million yuan and a net loss attributable to shareholders of 724 million yuan [6]. - The company projects a net loss for 2025 to be between 1.168 billion yuan and 730 million yuan, indicating potential challenges in sustaining revenue growth and profitability [6]. - Moer Thread plans to maintain high R&D investment based on its self-developed MUSA architecture, but it faces challenges in comparison to international competitors regarding R&D capabilities and market positioning [6].
上市以来涨超700%!摩尔线程,提示风险
Xin Lang Cai Jing· 2025-12-11 12:57
炒股就看金麒麟分析师研报,权威,专业,及时,全面,助您挖掘潜力主题机会! 12月11日晚,摩尔线程发布股票交易风险提示公告。公司提示,截至目前,公司生产经营情况正常,内 外部经营环境未发生重大变化,内部生产经营秩序正常,不存在影响公司股票交易价格波动的重大事 宜,不存在应披露未披露的重大信息。 摩尔线程在公告中表示,公司目前新产品和新架构均处于在研阶段,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。此外,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。 具体来看,摩尔线程于2025年12月5日在上海证券交易所科创板上市,截至12月11日,公司股票收盘价 格较发行价格涨幅为723.49%。其中,摩尔线程12月11日当日涨幅超28%。 摩尔线程表示,公司股票价格涨幅较大。公司股价涨幅显著高于科创综指、科创50等相关指数涨幅。 公开信息显示,摩尔线程自2020年成立以来,始终专注于全功能GPU的自主研发与设计。基于完全自主 研发的MUSA统一系统架构,摩尔线程率先实现了单芯片同时支持AI计算加速、图形渲染、物理仿真和 科学计算、超 ...
A股公告精选 | 摩尔线程(688795.SH):公司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
智通财经网· 2025-12-11 12:36
Group 1 - Moore Threads announced that its new products and architecture are still in the research phase, and mass production and revenue generation will take time [1] - The company is facing risks related to product certification, customer onboarding, and mass supply, which could negatively impact overall business performance and financial status [1] - The company plans to maintain high R&D investment and product iteration based on its self-developed MUSA architecture, but it still lags behind international giants in R&D strength and core technology accumulation [1] Group 2 - Landun Optoelectronics announced the termination of the equity transfer agreement with Shanghai Xinsi Semiconductor, with no payment made for the equity transfer [2] - Puluo Pharmaceutical received a food production license for bat moth mycelium powder, categorized as a health food [3] - Zhongqi Co., Ltd. has had its application for issuing convertible bonds accepted by the Shenzhen Stock Exchange [4] Group 3 - Baijun Medical's subsidiary received approval for the registration of collagen implant products, marking the first collagen product for facial dermis injection in China [5] - Guoyao Modern's subsidiary obtained a drug registration certificate for Bumetanide injection, which is used for treating edema and hypertension [6] - Yunnong Commercial Bank announced the approval of three non-executive directors' qualifications by the regulatory authority [7] Group 4 - Changshan Pharmaceutical received a drug registration certificate for Heparin Sodium injection in Turkmenistan, used for anticoagulation treatment [8] - Yipin Hong's subsidiary received a drug registration certificate for Levofloxacin oral solution, used for treating various bacterial infections [9] - Sunshine Nuohe plans to invest 20 million yuan in Biling Biotechnology, acquiring a 2.0435% stake [11] Group 5 - Huadong Co. reported a 1.6% month-on-month increase in pig sales revenue for November 2025, with a total sales revenue of 344 million yuan [12] - Sunshine Dairy's major shareholder plans to reduce its stake by up to 3% due to funding needs [12] - Shaanxi Construction won five major projects with a total value exceeding 3.912 billion yuan [13] Group 6 - Yabo Co.'s subsidiary won contracts for three photovoltaic projects with a total bid amount of 7.2933 million yuan [14] - Jinzhi Technology announced winning projects totaling 76.172 million yuan, representing 4.3% of the company's projected annual revenue [15]
摩尔线程科创板上市股价暴涨723%,官方提示新产品量产仍需时日
Sou Hu Cai Jing· 2025-12-11 12:35
Core Viewpoint - The company, Moer Technology, has experienced a significant stock price increase of 723.49% since its listing on the Shanghai Stock Exchange on December 5, 2025, which is substantially higher than related indices like the Sci-Tech Innovation Index and the Sci-Tech 50 [1][5]. Group 1: Financial Performance - For the period of January to September 2025, the company reported a revenue of 785 million yuan and a net loss attributable to shareholders of 724 million yuan [6][11]. - The company anticipates a net loss for the full year 2025 to be between 1.168 billion yuan and 730 million yuan [6][11]. Group 2: Operational Status - The company confirmed that its production and operational conditions are normal, with no significant changes in the internal or external business environment [6][8]. - The company will hold its first MUSA Developer Conference soon, which is not expected to have a significant short-term impact on its operational performance [2][6]. Group 3: Product Development and Market Position - The company is focusing on high R&D investment and product iteration based on its self-developed MUSA architecture, although it faces challenges in comparison to international competitors in terms of R&D strength and technology accumulation [2][4]. - New products are still in the research phase and have not yet generated revenue, with sales dependent on product certification, customer onboarding, and mass production, all of which carry uncertainties [2][6]. Group 4: Market Valuation - As of December 11, 2025, the company's stock price was 941.08 yuan per share, with a negative price-to-earnings ratio and a price-to-sales ratio of 1,008.84, significantly higher than the industry averages of 59.34 for P/E and 11.76 for P/S [4][9].
摩尔线程(688795.SH):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
Ge Long Hui A P P· 2025-12-11 12:34
Core Viewpoint - The company, Moore Threads (688795.SH), will hold its first MUSA Developer Conference soon, but it is expected that this will not have a significant impact on the company's operating performance in the short term [1] Group 1: Product Development and Market Position - The company's new products have not yet generated revenue, and achieving sales will require product certification, customer onboarding, and mass production, all of which involve uncertainties [1] - The company has not gained a competitive advantage in the market for its new products, facing potential challenges such as technological iteration delays, lower-than-expected market demand, failure or loss of key customer onboarding, and difficulties in mass production and supply [1] - The company will maintain high R&D investment and continue product iteration based on its self-developed MUSA architecture, but it still lags behind some international giants in terms of overall R&D strength, core technology accumulation, and product customer ecosystem [1] Group 2: Current Status and Future Outlook - The company's new products and architecture are still in the research stage, and it will take time before they can achieve mass production and generate revenue [1]