摩尔线程董事长：S80显卡部分性能接近英伟达RTX 3060

Core Viewpoint - The company Moer Technology is set to launch its IPO on the Sci-Tech Innovation Board, aiming to raise 8 billion yuan with a share price of 114.28 yuan, marking a new high for IPO prices in 2023 [1] Company Overview - Moer Technology was established on June 11, 2020, with a registered capital of approximately 400 million yuan, focusing on the research, design, and sales of GPUs and related products [2] - The founder and CEO, Zhang Jianzhong, has nearly 20 years of experience in the GPU industry, previously serving as NVIDIA's global vice president and general manager for China [2] IPO Details - The IPO will issue 70 million shares, with a total fundraising target of 8 billion yuan, and a net amount expected to be 7.576 billion yuan after deducting issuance costs [1] - As of November 19, 2025, the company received preliminary inquiries from 286 offline investors, with a total subscription amount reaching approximately 70.406 billion shares [1] Product Development and Market Position - The company has developed four generations of GPU architectures, covering various fields such as AI computing, cloud computing, and high-performance computing [8] - The MTT S80 graphics card is claimed to have performance comparable to NVIDIA's RTX 3060, although the company acknowledges the need for further improvements in technology and product performance [4][6] Financial Performance - The company has not yet achieved profitability, with cumulative losses exceeding 1.4 billion yuan as of mid-2025 [9] - Revenue projections show significant growth from 0.46 million yuan in 2022 to an expected 4.38 million yuan in 2024, despite ongoing losses [9] - The gross profit margin has shown an upward trend, with figures of -70.45%, 27.84%, 72.32%, and 69.17% from 2022 to mid-2025 [9] Future Outlook - The company is optimistic about the future demand for GPU infrastructure, predicting explosive growth in the market, which is expected to reach 1.363 trillion yuan by 2029 [8] - The company plans to improve its financial performance through technological breakthroughs, product iterations, market expansion, and cost optimization [9]