摩尔线程及中介机构回复首轮审核问询函-股票-金融界

Core Viewpoint - The company, Moer Technology, has received an inquiry letter from the Shanghai Stock Exchange regarding its application for an initial public offering and listing on the Sci-Tech Innovation Board, and has provided responses to the inquiries raised [1] Group 1: Product Performance - The company has demonstrated a relatively high repurchase rate for its graphics acceleration products, such as the S3000 and S50, indicating strong customer loyalty [1] - The repurchase rate for AI intelligent computing products is on the rise, with cluster customers expressing a willingness to test the company's next-generation products [1] Group 2: Order Expectations - As of the date of the response, the company anticipates an order amount of approximately 2 billion yuan, with a significant portion expected to come from AI intelligent computing business revenue in 2025 and 2026 [1] - Revenue from intelligent SOC, professional graphics acceleration, and desktop graphics acceleration is expected to be realized in 2025 [1] Group 3: Project Developments - The company is negotiating large-scale cluster projects in the AI intelligent computing field, primarily centered around the Pinghu series boards, with procurement intentions already secured [1] - Some product deliveries are expected to be completed in the first half of 2025, with product testing or phased evaluations already completed, indicating a high feasibility of the orders [1]