Bluetrum(SH:688332) Xin Lang Cai Jing·2025-09-29 04:40Core Viewpoint - Multiple stocks related to Moer Thread have seen significant gains, particularly Zhongke Lanyun, which rose over 10% following the approval of Moer Thread's IPO application on September 26 [1][2][3] Group 1: Stock Performance - Zhongke Lanyun (688332.SH) experienced a peak increase of over 13%, closing at 156.65 yuan per share, with a market capitalization of 18.892 billion yuan [1] - Lihexing (301013.SZ) rose by 7.45%, while Heertai (002402.SZ) increased by 5.94% [1][2] - Other stocks such as Zhuoyi Information (688258.SH) and Donghua Software (002065.SZ) also showed upward trends [1][2] Group 2: Moer Thread's IPO and Financials - Moer Thread's IPO application was approved by the Shanghai Stock Exchange's Science and Technology Innovation Board, taking only 88 days from acceptance to approval [2] - The company aims to raise 8 billion yuan for the development of new AI and graphics chips, as well as to supplement working capital [6] - Financial projections indicate that Moer Thread's revenue is expected to grow from 46 million yuan in 2022 to 438 million yuan in 2024, with a compound annual growth rate of 208.44% [6] Group 3: Company Ownership and Partnerships - Zhongke Lanyun holds a direct stake of 0.34% and an indirect stake of 0.17% in Moer Thread, totaling 0.5% [3] - Heertai directly holds 1.0262% of Moer Thread's shares prior to the IPO [4] - Lihexing, Zhuoyi Information, and Donghua Software are identified as cooperative clients of Moer Thread, with ongoing collaborations in software adaptation and market promotion [6] Group 4: Challenges and Future Outlook - Moer Thread faces challenges such as high R&D costs, reliance on foreign GPU products, and being listed on the U.S. Entity List, which impacts its operations [7] - The company anticipates achieving profitability by 2027, although this includes government subsidies, and expects to be at a breakeven point without these subsidies [7]