参投摩尔线程，A股游戏龙头或赚超6亿元

Core Viewpoint - The successful listing of domestic GPU leader Moore Threads (688795) has led to a significant increase in its stock price, benefiting several A-share companies, particularly Century Huatong (002602) [1][4]. Group 1: Century Huatong's Investment in Moore Threads - Century Huatong's wholly-owned subsidiary, Shanghai Shengqu Shuming Enterprise Management Co., holds a 7.3121% stake in Guosheng Capital, which owns 19,588,689 shares of Moore Threads, representing 4.8968% of the total shares before the IPO and 4.1676% after [4]. - The fair value of Century Huatong's stake in Guosheng Capital is classified as a financial instrument measured at fair value with changes recognized in profit or loss, reported under "other non-current financial assets" [4]. - Based on Moore Threads' closing price on December 10, 2025, the estimated impact on Century Huatong's net profit for Q4 2025 is approximately 640 million yuan, accounting for 53% of the audited net profit attributable to shareholders for 2024 [4]. Group 2: Performance of Moore Threads - Moore Threads' stock surged by 425.46% on its first trading day and reached 735 yuan per share on December 10, with a market capitalization of 345.5 billion yuan [4]. - The significant price fluctuations in the secondary market may affect the fair value of Century Huatong's indirect holdings in Moore Threads, leading to uncertainties in the company's performance for 2025 and beyond [4]. Group 3: Century Huatong's Financial Performance - Century Huatong reported a substantial revenue increase of 75.3% year-on-year, reaching 27.2 billion yuan, and a net profit of 4.36 billion yuan, up 141.7% year-on-year for the first three quarters of the year [6]. - The company's stock has increased by over 240% this year, with a current market capitalization of 130.5 billion yuan [6]. Group 4: Other A-share Companies' Involvement - Other A-share companies, such as Heheta, have also invested in Moore Threads, with Heheta holding 4,105,109 shares, valued at approximately 3 billion yuan based on Moore Threads' closing price on December 10 [7].