（原标题：N摩尔-U上午收盘涨416.79%） N摩尔-U(688795)今日上市，开盘上涨468.78%，截至上午收盘涨幅回落至416.79%，半日成交量2067.39 万股，成交额125.92亿元，换手率70.36%。 今日上市新股表现 | 代码 | 简称 | 最新价（元） | 上午收盘涨跌幅（%） | 半日换手率（%） | | --- | --- | --- | --- | --- | | 688795 | N摩尔-U | 590.59 | 416.79 | 70.36 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 公司主要从事GPU及相关产品的研发、设计和销售。自2020年成立以来，公司以自主研发的全功能GPU 为核心，致力于为AI、数字孪生、科学计算等高性能计算领域提供计算加速平台。公司已成功推出四 代GPU架构，并拓展出覆盖AI智算、云计算和个人智算等应用领域的计算加速产品矩阵。 统计显示，公司本次发行总量为7000.00万股，其中，网上发行量为1680.00万股，发行价格为114.28元/ 股，网上发行最终中签率为0.03635054%。公司首发募资金额为80.00亿元，募资 ...

据了解，摩尔线程首发价格为114.28元/股，按照当日开盘价650元/股计算，投资者中一签浮盈约26.79 万元。 值得一提的是，以上市首日开盘价计算，经同花顺iFinD统计，摩尔线程投资者中一签收益超越此前"最 赚钱"年内新股影石创新，位列年内新股第一。 据了解，摩尔线程首发价格为114.28元/股，按照当日开盘价650元/股计算，投资者中一签浮盈约26.79 万元。 值得一提的是，以上市首日开盘价计算，经同花顺iFinD统计，摩尔线程投资者中一签收益超越此前"最 赚钱"年内新股影石创新，位列年内新股第一。 资料显示，摩尔线程主要从事GPU及相关产品的研发、设计和销售。自2020年成立以来，公司以自主研 发的全功能GPU为核心，致力于为AI、数字孪生、科学计算等高性能计算领域提供计算加速平台。 业绩表现方面，2022—2024年以及2025年上半年，摩尔线程实现营业收入分别约4608.83万元、1.24亿 元、4.38亿元、7.02亿元；对应实现归属净利润分别约-18.94亿元、-17.03亿元、-16.18亿元、-2.71亿 元。 文/资本秘闻 资料显示，摩尔线程主要从事GPU及相关产品的研发、设计和销售 ...

Core Insights - The company, Moore Threads, known as the "first domestic GPU stock," was listed on the STAR Market on December 5, attracting significant market attention [2] - The initial offering price was 114.28 CNY per share, with the opening price soaring to 650 CNY, representing an increase of over 460%, leading to a market capitalization exceeding 300 billion CNY [2] - As of the report, the stock price maintained a strong increase of 403%, with a market cap around 270.3 billion CNY, and trading volume surpassing 11 billion CNY within the first hour [2] Company Overview - Founded in June 2020, Moore Threads specializes in the research and sales of full-function GPU chips, targeting data centers, desktop GPUs, and related software systems [2] - The company has launched four generations of GPU architectures, with products supporting AI computing, high-performance computing, and graphics rendering [2] - Notable products include the MTT S4000 intelligent computing acceleration card and the Kuangua intelligent computing cluster, capable of supporting training for large models with hundreds of billions of parameters [2] Market Potential - The demand for GPUs is rising due to the rapid development of cutting-edge technologies such as artificial intelligence, digital twins, and embodied intelligence [2] - According to Frost & Sullivan, the global GPU market is projected to reach 3.62 trillion CNY by 2029, with the Chinese market expected to grow significantly to 1.36 trillion CNY, indicating vast market potential [2] Financial Performance - In the first three quarters of the year, the company achieved revenue of 785 million CNY, surpassing the total revenue of the past three years, with a year-on-year growth rate of approximately 182% [3] - Although the company is still in the investment phase and has not yet achieved profitability, the loss margin is narrowing [3] - The company plans to achieve overall profitability by 2027 at the earliest [3] IPO and Fundraising - The IPO raised a total of 8 billion CNY, with funds primarily allocated to the development of next-generation autonomous AI training and inference chips, next-generation autonomous graphics chips, and next-generation autonomous AISoC chips, as well as to supplement working capital [3]

【国产GPU第一股诞生！摩尔线程正式登陆科创板】智通财经12月5日电，摩尔线程智能科技（北京） 股份有限公司（简称：摩尔线程，股票代码：688795.SH）正式在上海证券交易所科创板挂牌上市，成 为中国首家登陆资本市场的全功能GPU企业。摩尔线程作为国内稀缺的全功能GPU领军企业，始终以自 主创新为根基，以前瞻视野为导向，持续深耕全功能GPU芯片的设计与研发。公司的发展道路，与国家 推动高水平科技自立自强、构建安全可靠算力体系的战略方向同频共振。 依托"全功能+MUSA"协同驱 动的技术体系，摩尔线程构建了坚实的差异化优势与全栈技术能力。这不仅确立了公司在行业中的独特 地位与竞争力，更使其具备了应对具身智能、数字孪生、物理AI及AI for Science等未来计算场景的关键 架构能力，实现从芯片、计算卡到智算集群的多元布局，形成了覆盖人工智能、科学计算与图形渲染等 完整的计算加速产品矩阵，全面支持"云-边-端"全场景。 转自：智通财经 ...

Core Insights - Moore Threads officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, 2025, becoming the first fully functional GPU company in China to enter the capital market, marking a significant milestone in its five-year entrepreneurial journey [1] - The listing is a recognition of the company's commitment to independent innovation and rapid product iteration in the GPU computing power sector, symbolizing a new starting point for the independent development of high-end GPUs in China [1][4] Company Development - Since its establishment in 2020, Moore Threads has focused on independent innovation and has made significant advancements in the design and research of fully functional GPU chips, aligning with national strategies for technological self-reliance and building a secure computing power system [4][5] - The company has successfully mass-produced five chips and iterated four generations of GPU architectures and intelligent SoC products, creating a comprehensive product matrix that supports AI, scientific computing, and graphics rendering across various scenarios [5][8] Technological Advancements - Moore Threads has developed the MUSA unified system architecture, achieving breakthroughs that allow a single chip to support AI computing acceleration, graphics rendering, physical simulation, scientific computing, and ultra-high-definition video encoding [5] - The company has established a strong differentiation advantage and full-stack technical capability, positioning itself uniquely in the industry and enabling it to address future computing scenarios such as embodied intelligence and AI for Science [5][6] Market Performance - From 2022 to 2024, the company's revenue grew at a compound annual growth rate of 208.44%, with 2025's first half revenue reaching 702 million yuan, surpassing the total of the previous three years [8] - The AI computing business contributed 94.73% of the revenue, reflecting the company's focus and leading advantage in its core sector [8] Strategic Positioning - The national strategy emphasizes high-end chips as a key area for development, establishing GPUs as essential components in driving industrial upgrades and shaping future competitiveness [10] - The funds raised from the IPO will be directed towards the research and development of next-generation AI training and inference chips, graphics chips, and AI SoC chips, aiming to strengthen the company's technological leadership in AI computing and graphics [10]

Core Viewpoint - The listing of Moer Technology on the Shanghai Stock Exchange marks a significant milestone in the company's development, reflecting recognition of its commitment to core technology innovation and product iteration speed [3][6]. Group 1: Listing Details - Moer Technology has issued 70 million shares at a price of 114.28 yuan per share, raising a total of 8 billion yuan [1][4]. - The raised funds will primarily be allocated to the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips, as well as to supplement working capital [1][4]. Group 2: Technological Advancements - The company has achieved a technological breakthrough with its self-developed MUSA unified system architecture, enabling a single chip to support AI computing acceleration, graphics rendering, physical simulation, scientific computing, and ultra-high-definition video encoding and decoding [3][6]. - Moer Technology has established a differentiated advantage and full-stack technical capability, positioning itself uniquely in the industry and enhancing its competitiveness [3][6]. Group 3: Product Development and Intellectual Property - Over five years, Moer Technology has successfully mass-produced five chips and iterated four generations of GPU architectures and intelligent SoC products, creating a comprehensive product matrix that covers AI, scientific computing, and graphics rendering [4][7]. - The company has strengthened its intellectual property system, having obtained 514 authorized patents by June 2025, ranking among the top in the domestic GPU industry [4][7].

摩尔线程本次发行募集资金总额约为80亿元，扣除发行费用后的募集资金净额为75.76亿元，用于摩尔线程新一代自主可控AI训推一体芯片研发项目、摩 尔线程新一代自主可控图形芯片研发项目、摩尔线程新一代自主可控AISoC芯片研发项目、补充流动资金。 此前摩尔线程公布的发行结果显示，网上投资者缴款认购的股份数量为1677.07万股，缴款认购的金额为19.17亿元；网下投资者缴款认购的股份数量为 3920万股，有效缴款认购的金额为44.8亿元，为全额认购。公司发行价为114.28元/股。 业绩方面，2022年至2024年及2025年上半年，摩尔线程分别实现营业收入0.46亿元、1.24亿元、4.38亿元、7.02亿元；对应归母净利润分别为-18.94亿 元、-17.03亿元、-16.18亿元和-2.71亿元。 【导读】摩尔线程登陆科创板，盘初一度涨超500% 12月5日，被称为"国产GPU第一股"的摩尔线程登陆科创板。 今日开盘，摩尔线程竞价高开468%，一度大涨超500%，随后震荡调整。截至发稿，该股报604.99元/股，总市值为2844亿元。投资者中一签可盈利近27万 元。 自成立以来，摩尔线程以自主研发的全功能G ...

公司主要从事GPU及相关产品的研发、设计和销售。自2020年成立以来，公司以自主研发的全功能GPU 为核心，致力于为AI、数字孪生、科学计算等高性能计算领域提供计算加速平台。公司已成功推出四 代GPU架构，并拓展出覆盖AI智算、云计算和个人智算等应用领域的计算加速产品矩阵。 证券时报·数据宝统计显示，公司本次发行总量为7000.00万股，其中，网上发行量为1680.00万股，发行 价格为114.28元/股，网上发行有效申购户数为482.66万户，网上发行最终中签率为0.03635054%。公司 首发募集资金80.00亿元，募集资金主要投向摩尔线程新一代自主可控AI训推一体芯片研发项目、摩尔 线程新一代自主可控图形芯片研发项目、摩尔线程新一代自主可控AISoC芯片研发项目、补充流动资金 等。（数据宝） 近期上市新股首日表现 N摩尔-U今日上市，开盘价650.00元，上涨468.78%。 | 代码 | 简称 | 上市日期 | 发行价 | 发行市盈率 | 首日开盘涨跌幅 | 所属行业 | | --- | --- | --- | --- | --- | --- | --- | | | | | （元） | （倍） | ...

12月5日，"国产GPU第一股"摩尔线程上市首日高开468.78%，报650元/股，截至发稿，盘中价格最高报 688元/股。按开盘价计算，中一签赚超26.7万元。 | N壓尔-U 688795 0 | | | 650.00 +535.72 | | | --- | --- | --- | --- | --- | | 开盘亮价 CNY | | | 未盈利 科 融 成 ♠ 自选 + | | | 委比 | 99.39% 委差 | | | 3588 | | 卖王 | 655.65 | | 1 | | | 卖四 | 655.55 | | 2 | | | 英三 | 655.00 | | 2 | | | 卖二 | 654.00 | | 4 | | | 版 | 651.00 | | 2 | | | ने | 650.00 | | 3525 | | | 买二 | 649.89 | | 5 | | | 买三 | 649.00 | | 21 | | | 买四 | 648.00 | | 20 | | | 买五 | 647.70 | | 2 | | | 最新 | 650.00 均价 | | | 650.00 | | 涨跌 | +535. ...

资料显示，摩尔线程主要从事GPU及相关产品的研发、设计和销售。自2020年成立以来，公司以自主研 发的全功能GPU为核心，致力于为AI、数字孪生、科学计算等高性能计算领域提供计算加速平台。 业绩表现方面，2022—2024年以及2025年上半年，摩尔线程实现营业收入分别约4608.83万元、1.24亿 元、4.38亿元、7.02亿元；对应实现归属净利润分别约-18.94亿元、-17.03亿元、-16.18亿元、-2.71亿 元。 据了解，摩尔线程首发价格为114.28元/股，按照当日开盘价650元/股计算，投资者中一签浮盈约26.79 万元。 值得一提的是，以上市首日开盘价计算，经同花顺（300033）iFinD统计，摩尔线程投资者中一签收益 超越此前"最赚钱"年内新股影石创新，位列年内新股第一。 北京商报讯(记者马换换王蔓蕾)"国产GPU第一股"来了！12月5日，备受瞩目的摩尔线程(688795)登陆科 创板上市，公司上市首日大幅高开468.78%，开于650元/股，总市值3055亿元。 ...