摩尔线程，上市日期定了

Core Viewpoint - Moer Technology is set to be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, 2025, marking a significant milestone for the company since its establishment in 2020 [1]. Company Overview - Moer Technology was founded in 2020 and began its IPO counseling in November 2024, completing the process in just 122 days, which is the shortest time for a company to go from application to approval on the Sci-Tech Innovation Board this year [1]. - The company is recognized as one of the few domestic GPU manufacturers capable of providing full computational precision support from FP8 to FP64 and is the first domestic GPU company to launch a DirectX12 graphics acceleration engine [1]. Financial Performance - The company has experienced rapid growth in revenue, with figures of 0.46 billion RMB in 2022, 1.24 billion RMB in 2023, and 4.38 billion RMB in 2024, representing year-on-year growth rates of 169.01% and 253.65% respectively. In the first three quarters of 2025, revenue reached 7.85 billion RMB, a year-on-year increase of 181.99% [1]. - Despite the revenue growth, the company has reported significant net losses, with losses of 18.94 billion RMB in 2022, 17.03 billion RMB in 2023, 16.18 billion RMB in 2024, and 7.24 billion RMB in the first three quarters of 2025, totaling 59.39 billion RMB over three years and nine months [2]. - Moer Technology anticipates that it may achieve consolidated profit by 2027 [2].