Core Viewpoint - The successful IPO of Moer Thread marks the first domestic general-purpose GPU company to be listed, with an opening price of approximately 650 yuan, representing a 469% increase from the issuance price of 114.28 yuan, and a market capitalization exceeding 305.5 billion yuan [1][6]. Group 1: IPO Details - Moer Thread's IPO application was accepted on June 30 and it successfully passed the review on September 26, achieving the fastest IPO approval record on the Sci-Tech Innovation Board in just 88 days [2]. - The company raised a total of 8 billion yuan through its initial public offering, setting a new record for the highest fundraising amount for new stocks in A-shares this year [5]. - The total share capital after the IPO is 470 million shares, with 70 million shares issued [4]. Group 2: Financial Performance - In the first three quarters of this year, Moer Thread reported a revenue of 780 million yuan, a year-on-year increase of 182% [10]. - The net loss for the same period narrowed to 720 million yuan, down from 890 million yuan in the previous year [11]. - The revenue structure has shifted significantly, with AI computing products becoming the main revenue driver, contributing 94.85% of total revenue in the first half of this year [14]. Group 3: Investment and Development - The company has attracted significant investment from notable institutions such as China Mobile, Sequoia Capital, and various state-owned enterprises, indicating strong market confidence [2]. - The funds raised will primarily be allocated to research and development, with 2.5 billion yuan earmarked for the development of a new generation of AI training and inference integrated chips, and similar amounts for graphics chips and AI SoC chips [8][10]. Group 4: Company Background - Moer Thread was founded in June 2020, with a registered capital of 330 million yuan, and is controlled by Zhang Jianzhong, who holds 44.07% of the shares [16]. - Zhang Jianzhong previously served as the general manager of NVIDIA China and has over 15 years of experience in the GPU industry, establishing a complete ecosystem for GPUs in China [17][18]. - The company has developed a unified system architecture called MUSA, integrating various capabilities such as AI computing acceleration and graphics rendering into a single chip [21][23].
市值3055亿！摩尔线程敲钟，国产通用GPU第一股来了