年内第一高价股，明日申购

Core Viewpoint - Moer Technology has officially announced its IPO on the Sci-Tech Innovation Board, setting the issue price at 114.28 yuan per share, making it the highest-priced new stock of the year and the only stock priced over 100 yuan in 2023 [3][4]. Group 1: IPO Details - The company plans to issue 70 million shares, aiming to raise approximately 7.9996 billion yuan, with a net amount of about 7.576 billion yuan, positioning it as the second-largest IPO in A-shares this year, following Huadian New Energy [3][5]. - The funds raised will primarily be used for the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips, as well as to supplement working capital [3][5]. - The IPO expenses (excluding VAT) amount to 424 million yuan, with CITIC Securities as the sponsor and Ernst & Young Hua Ming as the accounting firm [3][5]. Group 2: Company Overview - Moer Technology is a leading domestic GPU manufacturer, and its listing will mark it as the "first domestic GPU stock" [4]. - The company focuses on the research, design, and sales of GPUs and related products, having launched four generations of GPU architectures since its establishment in 2020 [5]. - Moer Technology has not yet achieved profitability, with revenues of 46 million yuan, 124 million yuan, and 438 million yuan from 2022 to 2024, and net losses of 1.894 billion yuan, 1.703 billion yuan, and 1.618 billion yuan during the same period [5]. - The revenue growth rate from 2022 to 2024 is 208.44%, with significant R&D investments, accounting for 2422.51%, 1076.31%, 309.88%, and 79.33% of total revenue during the respective periods [5].