摩尔线程IPO只差临门一脚，哪些上市公司参股或有合作？

Core Viewpoint - The rapid IPO process of Moore Threads, dubbed the "Chinese version of Nvidia," has garnered significant market attention, with the company aiming to raise 8 billion yuan through its listing on the Sci-Tech Innovation Board [1][2]. Company Overview - Moore Threads was established in June 2020 and focuses on the research, design, and sales of GPUs and related products [2]. - The company has launched four generations of GPU architectures and has developed a product matrix covering AI computing, cloud computing, and personal computing applications [2]. - Despite rapid revenue growth, the company has not yet achieved profitability, with significant net losses reported [3]. Financial Performance - Revenue figures for Moore Threads from 2022 to 2024 are projected at 46 million yuan, 124 million yuan, and 438 million yuan, respectively, reflecting a compound annual growth rate of 208.44% [3]. - The company reported net losses of 1.84 billion yuan, 1.67 billion yuan, and 1.49 billion yuan for the same period, with a loss of 271 million yuan in the first half of 2025 [3]. - For the first nine months of 2025, projected revenue is between 735 million yuan and 786 million yuan, with expected net losses of 699 million yuan to 733 million yuan [3]. Market Position - Moore Threads holds less than 1% market share in its respective segments within the domestic AI computing market, indicating a significant gap compared to international leaders like Nvidia and AMD [5]. - In the domestic AI chip market, Nvidia, Huawei, and AMD hold market shares of 54.4%, 21.4%, and 15.3%, respectively, highlighting the competitive landscape [4]. Investment and Shareholding - The company has a diverse shareholder base, including notable investors such as Sequoia Capital and Tencent, with a total of 86 shareholders [6]. - The actual controller, Zhang Jianzhong, holds a combined 36.36% stake in the company, while the listed company Heertai holds a direct stake of 1.0262% [6]. Collaborations and Partnerships - There are various inquiries regarding partnerships with other companies, with some firms confirming indirect investments or agency relationships with Moore Threads [8][10]. - Companies like ST Huatuo and Yincheng Technology have acknowledged their indirect stakes in Moore Threads, while others have refrained from disclosing specific partnership details due to confidentiality [7][9].