3万股民狂欢！中一签，赚超26万元！摩尔线程，暴涨超468%！

Core Viewpoint - The article highlights the significant debut of Moer Thread on the A-share market, with its stock price soaring by 468.78% on the first trading day, marking it as one of the most profitable new stocks of the year [1][3]. Summary by Sections Moer Thread's Market Performance - On December 5, Moer Thread opened at 650 CNY per share, resulting in a paper profit exceeding 267,860 CNY for a single subscription of 500 shares [1][3]. - The company had an offline subscription multiple of 1572 times, with 267 institutions participating and total subscriptions exceeding 70 billion shares, leading to an oversubscription rate of 1796 times [3]. - The effective subscription for online issuance reached 4.8266 million households, with a total of 46.217 billion shares subscribed, resulting in a winning rate of approximately 0.036% after adjustments [3]. Company Background and Financials - Moer Thread was established in June 2020, focusing on the research, design, and sales of full-function GPU chips, including data center and desktop GPUs [4]. - The company reported revenues of 0.46 million CNY in 2022, with projections of 1.24 million CNY and 4.38 million CNY for 2023 and 2024, respectively, reflecting year-on-year growth rates of 169.01% and 253.65% [4]. - Despite revenue growth, the company has been operating at a loss, with net losses of 18.94 billion CNY in 2022 and projected losses of 7.24 billion CNY for the first three quarters of 2025 [4]. Future Prospects and Funding - The funds raised will primarily be allocated to three major chip development projects and to supplement working capital, including the development of next-generation AI training and inference chips [4]. - Moer Thread aims to enhance its competitiveness in the AI computing infrastructure sector by overcoming core technology bottlenecks in high-end GPUs [4]. Other Market Developments - On the same day, another domestic GPU leader, Muxi Co., also opened for subscription, with an issuance price of 104.66 CNY per share [5]. - Muxi Co. specializes in high-performance general-purpose GPUs and has developed several GPU products, achieving cumulative sales of over 25,000 units [5].