来源：内容来自半导体芯闻综合。 10月30日，证监会同意摩尔线程智能科技（北京）股份有限公司首次公开发行股票并在科创板上市 的注册申请。 9月26日，上交所官网披露信息显示，摩尔线程智能科技（北京）股份有限公司IPO申请通过审 议。该公司从受理到过会，耗时仅88天。 摩尔线程今年上半年营收超去年全年 公司披露的财务数据显示，2025年上半年，摩尔线程实现7.02亿元的营收，相比之下，2024年的 全年营收仅为4.38亿元。摩尔线程对此解释称，营收大涨得益于市场对大模型训练、推理部署、 GPU云服务等需求大幅提升，以及公司2024年推出的最新一代GPU芯片实现商业化。 营收增长带动盈亏状况好转。2025年上半年，摩尔线程净亏损2.71亿元，同比下降56.02%、环比 减少69.07%。2022年至2024年，摩尔线程归属于母公司所有者的净亏损合计约50亿元，净亏损有 逐年减少的趋势。 摩尔线程预计，最早于2027年可实现合并报表盈利，该盈利包含政府补助带来的收益，扣除该收 益后，2027年将收获微利。2025年至2027年，摩尔线程预估因政府补助带来的收益分别约为2000 万元、2亿元和3亿元。 如果您希望可以 ...

Core Viewpoint - The company, Moer Technology, has received an inquiry letter from the Shanghai Stock Exchange regarding its application for an initial public offering and listing on the Sci-Tech Innovation Board, and has provided responses to the inquiries raised [1] Group 1: Product Performance - The company has demonstrated a relatively high repurchase rate for its graphics acceleration products, such as the S3000 and S50, indicating strong customer loyalty [1] - The repurchase rate for AI intelligent computing products is on the rise, with cluster customers expressing a willingness to test the company's next-generation products [1] Group 2: Order Expectations - As of the date of the response, the company anticipates an order amount of approximately 2 billion yuan, with a significant portion expected to come from AI intelligent computing business revenue in 2025 and 2026 [1] - Revenue from intelligent SOC, professional graphics acceleration, and desktop graphics acceleration is expected to be realized in 2025 [1] Group 3: Project Developments - The company is negotiating large-scale cluster projects in the AI intelligent computing field, primarily centered around the Pinghu series boards, with procurement intentions already secured [1] - Some product deliveries are expected to be completed in the first half of 2025, with product testing or phased evaluations already completed, indicating a high feasibility of the orders [1]