作为国内实现全功能GPU（图形处理器）自主研发的科技企业，摩尔线程被誉为"中国版英伟达"。公司此次拟募集资金80亿元，将重点投向新一代AI（人 工智能）训推一体芯片、图形芯片及AI SoC芯片的研发。 每经记者｜王晶 每经编辑｜何小桃 陈俊杰 9月23日，摩尔线程概念继续强势，和而泰（SZ002402，股价55.19元，市值510.4亿元）、联美控股（SH600167，股价8.73元，市值197.5亿元）涨停，初 灵信息（SZ300250，股价26.29元，市值56.28亿元）同样涨停。 消息面上，摩尔线程科创板IPO进程正加速推进。上交所官网显示，上交所上市审核委员会定于9月26日召开2025年第40次上市审核委员会审议会议，审 议摩尔线程的首发事项。 自摩尔线程启动科创板IPO以来，参股该公司的多家上市公司备受市场关注。其中，直接参股公司有和而泰、中科蓝讯等；间接参股公司有联美控股、初 灵信息、长飞光纤等。从市场表现来看，近日已经掀起一股"摩尔线程概念"炒作热潮。 摩尔线程官网截图 和而泰四天三板 在摩尔线程股东结构中，和而泰、中科蓝讯等是A股中少数直接参股的公司。其中，和而泰持股1.03%，中科蓝讯直接 ...

Group 1 - A total of 36 stocks received buy ratings from institutions today, with 20 stocks being newly covered by institutions [1][2] - The medical and pharmaceutical industry is the most favored, with stocks like Kaili Medical and Tianshili among the top-rated [2][3] - The average decline for stocks with buy ratings today was 0.32%, underperforming the Shanghai Composite Index [1] Group 2 - Among the stocks with buy ratings, Dongyangguang has the highest upside potential at 45.56%, with a target price of 35.88 yuan [1][2] - Other stocks with significant upside potential include Shenling Environment and Luxshare Precision, with upside potentials of 35.04% and 32.12% respectively [1] - The stocks with the largest gains today included Zhongwei Company, Luxshare Precision, and Tianshili, with increases of 9.12%, 7.79%, and 3.06% respectively [1]

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 company's stock (Securities abbreviation: Heertai, Securities code: 002402) experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from September 18 to September 22, 2025 [2] - The company conducted an investigation regarding the stock price fluctuation and confirmed that there were no corrections or supplements needed for previously disclosed information [3] - The company did not find any recent media reports that could have significantly impacted the stock price and confirmed that its operational situation remains normal without any major changes in the internal or external business environment [5][6] Group 2 - The board of directors confirmed that there are no undisclosed significant matters that should have been disclosed according to the Shenzhen Stock Exchange's listing rules, nor any related planning or negotiations [7] - The company emphasized that it has not violated any information disclosure regulations and reminded investors to refer to the designated information disclosure media for accurate information [8]

Core Viewpoint - The company, Heertai, announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days from September 18 to September 22, 2025 [1] Summary by Relevant Sections - Stock Price Movement - Heertai's stock price showed a cumulative increase of over 20% during the trading days of September 18, 19, and 22, 2025, indicating significant trading volatility [1] - Company Disclosure - As of the date of the announcement, the company confirmed that there were no corrections or supplements needed for previously disclosed information [1] - The company did not identify any recent media reports that could have significantly impacted its stock price through undisclosed major information [1]

证券日报网讯东方精工（002611）9月22日在互动平台回答投资者提问时表示，公司本次与乐聚智能(深 圳)股份有限公司、深圳和而泰（002402）智能控制股份有限公司共同出资成立合资公司，旨在聚焦人 形机器人智能控制系统的研发与生产，并非乐聚机器人产品的生产加工。目前，该合资公司尚未完成工 商注册。 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [6] Core Views - The company reported strong performance in the first half of 2025, achieving revenue of 5.446 billion yuan, a year-on-year increase of 19.21%, and a net profit attributable to shareholders of 354 million yuan, up 78.65% [1] - The controller business segment continues to show robust growth, with revenue reaching 5.245 billion yuan, a 16.64% increase year-on-year, driven by new customer acquisitions and project deliveries [2] - The company is focusing on AI integration and smart sensing technologies, launching products like the "Perception Plan" body-sensing clothing, which is compatible with VR/AR applications [4] Financial Performance - The company achieved a gross margin of 19.13% in the first half of 2025, an increase of 1.66 percentage points year-on-year, attributed to optimization in customer and product structure [3] - The projected net profits for 2025-2027 are estimated at 700 million, 921.57 million, and 1.176 billion yuan, respectively, with corresponding P/E ratios of 66, 50, and 39 [5] - Revenue is expected to grow at rates of 25.85%, 28.66%, and 23.26% for the years 2023, 2024, and 2025, respectively [5] Business Segments - The revenue from household appliance smart controllers was 3.56 billion yuan, up 22.14% year-on-year, while automotive electronic controllers generated 415 million yuan, a 5.20% increase [2] - The company is expanding its market share in various segments, including smart control for electric tools and intelligent products, which also showed positive growth [2] Strategic Focus - The company is committed to enhancing its product offerings and customer base by focusing on high-value clients and improving manufacturing efficiency through supply chain collaboration [3] - Future growth will be driven by deepening its presence in three strategic areas: home appliances, electric tools, and industrial automation [4]

Group 1 - Wanxiang Qianchao and Lianang Micro both hit the daily limit up [1] - Dayang Electric and Heertai previously reached the daily limit up [1] - Wave Optoelectronics, Sanhua Intelligent Control, and Junsheng Electronics also experienced a rise [1]

Core Points - The stock of Heertai has experienced a significant increase, with three limit-up days within four trading days, resulting in a cumulative rise of 38.15% and a turnover rate of 37.30% [2] - As of 9:25 AM, the stock's trading volume reached 498,300 shares, with a transaction amount of 27.50 million yuan, and a turnover rate of 0.06% [2] - The total market capitalization of A-shares is now 51.04 billion yuan, with a circulating market capitalization of 44.47 billion yuan [2] Margin Trading Data - As of September 22, the margin trading balance for Heertai is 2.63 billion yuan, with a financing balance of 2.62 billion yuan, which decreased by 62.99 million yuan from the previous trading day, reflecting a 2.35% decline [2] - Over the past four days, the margin trading balance has cumulatively decreased by 179 million yuan, representing a 6.39% decline [2] Trading Performance - The stock has been listed on the Dragon and Tiger list due to a cumulative price deviation of 20% over three consecutive trading days and a daily price deviation of 7% [2] - Institutional investors have net bought 216 million yuan, while the cumulative net purchase from the Shenzhen Stock Connect reached 428 million yuan, and the total net buying from brokerage seats amounted to 369 million yuan [2] Company Overview - Shenzhen Heertai Intelligent Control Co., Ltd. was established on January 12, 2000, with a registered capital of 9.25 billion yuan [2]