Core Viewpoint - The company, Moer Technology, known as the "Chinese version of Nvidia," plans to use up to 7.5 billion yuan of its idle raised funds for cash management, which has sparked widespread attention [1][2]. Fund Utilization - The purpose of the investment is to improve the efficiency of fund usage and to rationally utilize part of the idle raised funds without affecting the implementation of the investment projects [2][4]. - The total amount raised from the IPO is approximately 8 billion yuan, with a net amount of 7.58 billion yuan after deducting issuance fees [4][5]. Project Allocation - The planned allocation of the raised funds includes: - 2.51 billion yuan for the development of a new generation of self-controlled AI training and inference integrated chips - 2.50 billion yuan for the development of a new generation of self-controlled graphics chips - 1.98 billion yuan for the development of a new generation of self-controlled AI SoC chips - 1.00 billion yuan for supplementing working capital [4][5][6]. Cash Management Strategy - The types of investments for cash management include but are not limited to agreement deposits, notice deposits, time deposits, structured deposits, large certificates of deposit, and other high-security, liquid, capital-preserving products [4][6]. - The company emphasizes that the cash management will not affect the normal operation of the company or the progress of the investment projects [7][11]. Market Reaction - Following the announcement, the stock price of Moer Technology experienced significant volatility, with a peak increase of 723.5% within six trading days after its listing, but also faced a sharp decline of over 19% on December 12 [8][9]. Regulatory Perspective - Legal experts indicate that allowing companies to manage temporarily idle funds for cash management is a common practice to enhance fund efficiency, provided it does not alter the direction of the investment projects [12].
摩尔线程募资80亿元“研发芯片”等，用75亿元做理财？公司回应