Core Viewpoint - The Shanghai Stock Exchange will review the initial public offering (IPO) of Moore Threads on September 26, 2025, marking a significant step for the company in the GPU chip design industry [1] Company Overview - Moore Threads was established on June 11, 2020, and operates as a fabless GPU chip design company focused on the research, design, and sales of fully functional GPU products [1] - As of June 30, 2025, the company has no single shareholder holding more than 30% of the shares, with Zhang Jianzhong being the actual controller of the company, holding a total of 36.36% of the shares [2] Financial Information - The company plans to raise CNY 800 million (approximately USD 112 million) through its IPO, which will be allocated to various R&D projects and to supplement working capital [3] - The projected allocation of the raised funds includes: - CNY 250.96 million for AI training and inference chip R&D - CNY 250.23 million for graphics chip R&D - CNY 198.18 million for AI SoC chip R&D - CNY 100.63 million for working capital [4] - Revenue figures for the years 2022 to 2025 show a growth trajectory, with revenues of CNY 4.61 million, CNY 12.40 million, CNY 43.85 million, and CNY 70.18 million respectively [4] - The company has reported net losses for the same period, with figures of CNY -183.96 million, CNY -167.33 million, CNY -149.19 million, and CNY -27.09 million [5] R&D Investment - From 2022 to 2024, the company’s cumulative R&D investment reached CNY 3.81 billion, which is approximately 626.03% of its cumulative revenue during the same period [7] - The company meets the listing criteria of the Shanghai Stock Exchange, which requires a market value of no less than CNY 1.5 billion and a minimum revenue of CNY 200 million in the most recent year [7]
摩尔线程拟募80亿周五上会 成立5年近3年半共亏损52亿
Zhong Guo Jing Ji Wang·2025-09-22 06:51