【深圳特区报】多家深企入股的摩尔线程首日涨逾4倍 深圳报业集团旗下一本基金为早期投资方

Core Viewpoint - The successful IPO of Moore Threads on the STAR Market is seen as a significant milestone in the process of domestic high-end chip self-sufficiency in China, with the stock surging 425.46% on its first day of trading, reaching a market capitalization of 282.3 billion yuan [1][2]. Group 1: Company Performance - Moore Threads achieved a record IPO speed, taking only about 122 days from application acceptance to successful registration, marking the fastest IPO on the STAR Market this year [2]. - The company reported explosive revenue growth, with projected revenues increasing from 46 million yuan in 2022 to 438 million yuan in 2024, reflecting a compound annual growth rate of 208.44%. In the first three quarters of this year, revenues reached 785 million yuan, a year-on-year increase of 182%, surpassing the total revenue of the past three years [2]. - The company's core technology, the MUSA architecture, enables a single chip to support multiple functions, including AI computing acceleration, high-performance graphics rendering, and ultra-high-definition video encoding and decoding, thus breaking the limitations of single-chip applications [2]. Group 2: Market Interest and Investment - The IPO attracted significant interest from institutional investors, with over 200 public and private institutions participating, collectively investing over 2.6 billion yuan. Major public funds, including E Fund and Southern Fund, actively subscribed with investments exceeding 100 million yuan [4]. - The strategic allocation results showed that the China Insurance Investment Fund received 6.25% of the total issuance, the highest among all strategic investors, indicating strong institutional confidence in the company's strategic value in the AI computing sector [4]. - The online subscription saw over 4.82 million effective applications, with a low initial winning rate of 0.024%, highlighting the enthusiasm of individual investors [4]. Group 3: Investment Strategy - The Shenzhen Media Group's Yiben Fund, an early investor in Moore Threads, is expected to reap substantial returns while exemplifying the successful participation of traditional media in capital markets [5]. - The fund has invested over 2 billion yuan in more than 20 projects, focusing on hard technology sectors, and has previously invested in other successful tech companies that have gone public [6]. - The Shenzhen Media Group is advancing a systematic transformation, aiming to strengthen its core businesses in cultural creation, exhibitions, and capital operations, with the Yiben Fund playing a crucial role in this strategy [6].