摩尔线程，周五上市

Core Viewpoint - The company, Moore Threads, is set to be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, 2025, and is regarded as the "Chinese version of Nvidia" [1][3]. Group 1: Company Overview - Moore Threads focuses on the research, design, and sales of GPUs and related products, aiming to provide computing acceleration platforms for high-performance computing fields such as AI, digital twins, and scientific computing [1]. - Since its establishment in 2020, the company has launched four generations of GPU architectures and developed a diverse product matrix covering various applications, including AI computing, high-performance computing, graphics rendering, and smart media [1]. - The company is committed to independent innovation and is advancing research on high-performance GPU chips and intelligent computing clusters [1]. Group 2: Financial Performance - From 2022 to 2024, the company's revenue is projected to grow from 46 million to 438 million, with a compound annual growth rate of 208.44% [2]. - For the first half of 2025, the company reported a revenue of 702 million [2]. - The company has maintained high R&D expenditures to ensure technological advancement, with R&D expenses of 1.116 billion, 1.334 billion, 1.359 billion, and 557 million for the years 2022, 2023, 2024, and the first half of 2025, respectively [2]. Group 3: Market Position - As of now, Moore Threads has not yet achieved profitability and will be classified under the Sci-Tech Growth Tier upon listing [3].