Core Viewpoint - The company, Moer Thread (688795.SH), known as the "Chinese version of Nvidia," announced plans to use up to 7.5 billion yuan of idle raised funds for cash management, which has attracted significant attention [2][4]. Fund Utilization - The purpose of the investment is to enhance the efficiency of fund usage, ensuring that the cash management does not affect the implementation of the fundraising projects and guarantees the safety of the raised funds [5]. - The total amount raised from the IPO was approximately 8 billion yuan, with a net amount of 7.58 billion yuan after deducting issuance fees [7]. - The planned allocation of the raised funds includes 2.51 billion yuan for the development of a new generation of AI training and inference integrated chips, 2.50 billion yuan for the development of a new generation of graphics chips, 1.98 billion yuan for a new generation of AI SoC chips, and 1.01 billion yuan for working capital [7][8]. Cash Management Strategy - The types of investments for cash management include safe and liquid products such as agreed deposits, notice deposits, time deposits, structured deposits, large certificates of deposit, and income certificates [7]. - The company emphasized that the cash management will not impact its daily operations or the normal progress of fundraising projects, while also aiming to increase returns for the company and its shareholders [9][15]. Market Reaction and Performance - Following the announcement, the stock price of Moer Thread experienced significant volatility, with a peak increase of 723.5% within six trading days after its listing, and a total market value exceeding 440 billion yuan [9]. - On December 11, the company issued a risk warning regarding potential short-term price corrections and projected losses for the upcoming periods, with expected net losses ranging from 1.168 billion yuan to 730 million yuan [10][11]. Company Response - In response to market concerns about the cash management decision, the company clarified that the 7.5 billion yuan is the upper limit for cash management, and the actual amount will be significantly lower, adjusting as projects progress [15]. - The company reiterated its commitment to increasing R&D investment to accelerate product iteration and overcome core technological barriers, ensuring that cash management does not affect the normal implementation of fundraising projects and the development of its main business [15].
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：合理提高资金收益，符合股东利益！股价已涨超600%