摩尔线程募资80亿元“研发芯片”等，用75亿做理财？公司回应：合理提高资金收益，符合股东利益！股价已涨超600%

Core Viewpoint - The company, Moer Technology (688795.SH), known as the "Chinese version of Nvidia," announced plans to use up to 7.5 billion RMB of idle raised funds for cash management, which has attracted significant attention [1][2]. Group 1: Fund Management and Utilization - The purpose of the investment is to enhance the efficiency of raised funds, ensuring that the cash management does not affect the implementation of investment projects and guarantees the safety of the raised funds [2][4]. - Moer Technology's total fundraising from its IPO is approximately 8 billion RMB, with a net amount of 7.58 billion RMB after deducting issuance fees [4][6]. - The planned allocation of the raised funds includes 2.51 billion RMB for the development of a new generation of AI training and inference chips, 2.50 billion RMB for a new generation of graphics chips, 1.98 billion RMB for AI SoC chip development, and 1.00 billion RMB for working capital [4][6][7]. Group 2: Cash Management Strategy - The types of investments for cash management include safe and liquid products such as agreed deposits, notice deposits, time deposits, structured deposits, large certificates of deposit, and income certificates [4][6]. - The company emphasizes that the cash management will not impact its daily operations or the normal progress of investment projects, and it aims to increase returns for the company and its shareholders [7][11]. - The cash management amount of 7.5 billion RMB is a ceiling and the actual amount will be significantly lower, with adjustments made as the investment projects progress [11][12]. Group 3: Market Reaction and Performance - Following the announcement, Moer Technology's stock experienced a significant drop of over 19% on December 12, although it still maintained a cumulative increase of over 613% since its IPO [9][11]. - The company has faced scrutiny regarding its cash management strategy, with some market participants questioning its focus, while others view it as a reasonable operational move [11][12].