"成功，源于热爱"——在摩尔线程（688795）展厅的一面墙上有着这样六个大字。站在公司上市首日这样一个特殊日子来看，除了满屏被市场热议的资本之 外，张建中等公司创始团队的情怀也被无限放大。 12月5日，A股市场迎来了"国产GPU第一股"，超越市场预期的300%首日涨幅，摩尔线程首日大涨425.46%，153.07亿元的成交金额也登顶A股首位，巨量成 交背后是股民对这家"中国英伟达"的热捧。 除了北京的摩尔线程之外，市场的另一边，上海的沐曦股份也同日启动申购，104.66元/股的高价引来269家机构、超7700个配售对象疯抢，网下申购倍数飙 至2227.6倍，热度赶超摩尔线程。 伴随京沪GPU双雄同台亮相，两家公司实控人及背后众多知名投资机构也共同迎来了一场资本盛宴。摩尔线程相关负责人对北京商报记者表示，"五年创业 历程，此次上市是公司发展的一个关键里程碑。对国产高端GPU的自主发展之路而言，也是一段具有象征意义的新起点"。目前，与摩尔线程、沐曦股份齐 名的"国产GPU四小龙"的壁仞科技、燧原科技也均已正式启动上市辅导。 京沪双雄的资本狂欢，是中国GPU产业迎来发展黄金期的必然结果。在全球AI算力需求爆发、国 ...

12月5日，开盘，摩尔线程股价暴涨468.78%，以开盘价（650元/股）计算，中一签（500股）账面盈利超过26万元，成为年内最赚钱新股。 | N 摩尔-U | | 17. Q | | | --- | --- | --- | --- | | 688795 科创板 | | | | | 650.00 今年 650.00 看高 650.00 最低 | | 650.00 | | | 468.78% 535.72 狭手 | 7.61% 总手 | 22360 金额 14.53亿 | | | 总值 3055亿 流值 191.0亿 市盈利~316.70 | | 重零 | | | 分时 | 五日 日Ｋ 周Ｋ 月 月 K 更多 , | હ | | | 最新: 650.00 535.72 468.78% | | (?) 大单模式 | | | 650.00 | 468.78% | 五档 大単 分价 | | | | | 卖5 655.65 | | | | | 変す 655.55 | 2 | | | | 할 3 655.00 | 2 | | | | を２ 654.00 | | | 414.28 | | 卖1 651.00 | 2 | ...

↑点击上面图片 加雪球核心交流群 ↑ 午后市场持续拉升，截至收盘，沪指涨0.7%，深成指涨1.08%，创业板指涨1.36%。 沪深两市成交额1.73万亿，较上一个交易日放量1768亿，个股涨多跌少，全市场近4400只个股上涨。 板块方面，保险、贵金属、福建、商业航天等板块涨幅居前，银行、中药、影视院线等板块跌幅居前。 看到这种超级大肉签，不少雪球APP用户表示酸死了... 此外，今天最值得关注的是摩尔线程上市，盘中最高涨超500%，中一签开盘卖出赚约27万。 01 摩尔线程上市 中一签狂赚27万 12月5日，被称为"国产GPU第一股"的摩尔线程登陆科创板。 开盘 摩尔线程竞价高开468%， 一度大涨超500 %，盘中最高价688元， 随后震荡调整。截至收盘，该股报600.50元/股，总市值为2822亿元。 投资者 中一签开盘卖出可以盈利27万左右。 | | | | 卖4 | | -- | | --- | --- | --- | --- | --- | --- | | 114.28 | | 0.00% | 卖3 | | 0 | | | | | 卖2 | | | | | | | 卖1 | 600.50 | | | ...

公开资料显示，摩尔线程为国家"专精特新"小巨人企业，已成为国内少数能够提供从FP8到FP64全计算 精度支持的GPU厂商之一，也是国内率先推出支持DirectX12图形加速引擎的国产GPU企业。 摩尔线程成立于2020年，自创立之初就选择了技术门槛极高，但战略意义重大的全功能GPU路线。基于 自主研发的MUSA架构，摩尔线程率先实现单芯片架构同时支持AI计算加速、图形渲染、物理仿真和科 学计算、超高清编解码的技术突破。 公司已推出四代GPU架构和智能SOC，形成覆盖AI智算、高性能计算、图形渲染等领域丰富完整的计算 加速产品矩阵，实现了"云—边—端"全栈AI产品线的布局。其产品在部分性能指标上已经接近或达到国 际先进水平，实现了对部分"卡脖子"领域核心产品的突破。中经记者 孙汝祥 夏欣 北京报道 【科创板年内最大IPO诞生 "国产GPU第一股"摩尔线程开盘市值超3000亿】12月5日，摩尔线程正式登 陆科创板，成为"国产GPU第一股"。 摩尔线程本次发行价为114.28元/股，开盘上涨468%，开盘市值超3000亿元。由此，摩尔线程成为年内 A股发行价最高新股，也是科创板年内最大IPO。 6月30日，摩尔线程 ...

Company Overview - Moore Threads, known as the "first domestic GPU stock," debuted on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, opening at 650 yuan per share, a 468.78% increase from its issue price of 114.28 yuan, with potential earnings of approximately 267,900 yuan for a single subscription [1] - The company is the only domestic enterprise to achieve mass production of fully functional GPUs, focusing on the research, design, and sales of GPUs and related products, with its MUSA architecture directly competing with NVIDIA's data center GPU product line [1] Market Potential - The demand for GPUs is rapidly expanding due to the AI era, with Frost & Sullivan predicting the global GPU market to exceed 1 trillion yuan in 2024, and a compound annual growth rate (CAGR) of 24.5% from 2025 to 2029 [4] - The Chinese GPU market is expected to grow even faster, from 142.5 billion yuan in 2024 to 1,336.8 billion yuan by 2029, with a CAGR of 53.7% from 2025 to 2029, indicating significant opportunities for domestic GPU manufacturers [4] Financial Performance - Moore Threads has not yet achieved profitability, reporting losses of 1.894 billion yuan in 2022, 1.703 billion yuan in 2023, and 1.618 billion yuan in 2024, with a net loss of 724 million yuan in the first three quarters of 2025 [4][10] - Revenue has shown significant growth, increasing from 46 million yuan in 2022 to 1.24 billion yuan in 2023, and further to 4.38 billion yuan in 2024, with a 181.99% year-on-year increase to 785 million yuan in the first three quarters of 2025 [9][10] Funding and Financial Support - Moore Threads has received substantial financial support from various banks throughout its growth, utilizing innovative "equity-debt linkage" models to provide comprehensive financial backing [5][6] - In 2023, Beijing Bank provided several hundred million yuan in credit support for the second-generation chip "Chunxiao," and in 2024, China Construction Bank led a syndicate to offer liquidity loans [5] - Agricultural Bank of China invested 100 million yuan through its equity investment pilot fund, demonstrating the integration of financial services with industry policies [7] IPO Process - Moore Threads was founded in 2020 and began its IPO counseling in November 2024, completing the process in just 122 days, marking it as one of the fastest approvals for a company on the Sci-Tech Innovation Board [9] - The company is part of a growing trend of "hard technology" IPOs, with several other companies in the GPU and related sectors also receiving approval for their IPOs, indicating a robust market for technology-driven enterprises [10][11]

12月5日，A股早盘上演"低开高走、无量空涨"的诡异走势，沪深两市成交额再度萎缩至1.55万亿元，创近五个月新低。就在市场陷入"地量阴跌"之际，科创 板迎来年度最重磅IPO——被誉为"国产GPU第一股"的 摩尔线程挂牌首日狂飙468%，盘中最高涨幅达535%，中签者单签浮盈逼近27万元，瞬间点燃打新热 情。然而，狂欢背后，一场无声的"资金虹吸"正悄然抽干整个科技板块。 摩尔线程的爆炒并未带动半导体同行跟涨，反而因巨量资金涌入单一标的，导致板块整体承压。更令市场忧心的是，紧随其后的 沐曦股份今日启动申购， 两大GPU独角兽接连登场，加剧本已紧张的存量博弈。在成交持续缩量的背景下，超级IPO俨然成为"抽血机"，而非"发动机"。 盘面结构亦严重分化：一边是 机器人概念持续高热（睿能科技6天5板）、 食品饮料异军突起（海欣食品8天7板），以及受LME铜价新高驱动的资源股；另 一边，白酒板块继续拖累情绪，银行股集体压盘跌幅超1%，而高估值科技股如寒武纪（PE超90倍）则面临剧烈回调。 多空观点激烈交锋：多头寄望美联储12月降息概率升至85%及中央经济工作会议政策红利；空头则紧盯"增量资金缺席+54家公司本月解禁高峰"的 ...

商业航天概念股表现活跃，超捷股份20%涨停 中国基金报记者 李智 一起来看下最新的市场情况及资讯。 12月5日早盘，A股市场震荡调整。截至发稿，三大指数小幅走低。 | 上证指数 | 深证成指 | 北证50 | | | --- | --- | --- | --- | | 3871.76 | 12997.70 | 1391.02 | | | -4.04 -0.10% -9.01 -0.07% -0.07% +3.73 +0.27% | | | | | 科创20 | 创业板指 | 万得全A | | | 1315.43 | 3064.09 | 6182.89 | | | -10.74 -0.81% -3.39 -0.11% +2.88 +0.05% | | | | | 沪深300 | 中证500 | 中证A500 | | | 4541.92 | 7010.39 | 5457.33 | | | -4.64 -0.10% -2.42 -0.03% -4.42 -4.42 -0.08% | | | | | 中证1000 | 深证100 | 中证红利 | | | 7258.70 | 5731.03 | 5533.75 | | ...

摩尔线程近年来营收增幅较大，但仍然处于亏损阶段。2022年至2024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，归母净利润分别为亏损18.94亿元、17.03亿元及16.18亿元。2025年上半 年，摩尔线程实现营业收入7.02亿元，超过过去三年年度总和，归母净利润为亏损2.71亿元。 在二十届四中全会谋划"十五五"规划的关键时点，硬科技产业扶持政策持续加码。二十届四中全会明确 提出"加快高水平科技自立自强，引领发展新质生产力"。这一导向在科创板制度优化中得到充分体现， 科创板针对未盈利但技术突破显著的硬科技企业，予以制度保障。 12月5日，"国产GPU第一股"今日正式登陆科创板。 盘前摩尔线程竞价高开468%，总市值近3055亿元，股价报650元。 开盘后半小时，截至发稿，摩尔线程股价涨415%，盘中价格最高达到688元/股，理论上一签盈利或达 28.7万元，超越今年6月11日上市的影石创新，成为年内最赚钱新股。 从今年6月30日摩尔线程科创板IPO正式获受理，到9月26日过会，再到10月30日获证监会注册批复，12 月5日上市，全程用时5个月（158天）。 摩尔线程成立于202 ...

Market Performance - Moer Technology, known as the "first domestic GPU stock," debuted on the STAR Market with a high opening of 468%, peaking over 500% before adjusting [1] - Nanjing Panda Electronics saw a nearly 8% increase following the announcement of the 2025 Brain-Computer Interface Conference [1] - Silver Noble Pharmaceuticals gained over 5% as it was included in the Hang Seng Composite Index, effective December 8, 2025 [1] - Western Cement rose nearly 4% after announcing a purchase agreement for $400 million in senior notes due in 2028 [1] - The non-ferrous metals sector was active, with China Aluminum up 4.14% and Jiangxi Copper up 5.47%, influenced by comments from the White House on potential interest rate cuts [1] Company Announcements - Ruifeng New Energy increased by nearly 2% after announcing a liquidation petition filed against it [2] - Zhongxin Holdings surged over 80% before settling at a 59.62% increase, as it evaluates establishing a wholly-owned subsidiary in Shenzhen [2] - Goldwind Technology rose nearly 7% following a report indicating improved cash flow in the wind power sector [2] - InnoScience gained nearly 6% after announcing a strategic partnership with ON Semiconductor to advance GaN applications [2] - Reshaping Energy increased nearly 9% as it approaches the end of its lock-up period [2] US Market Highlights - Applied Digital and Cipher Mining saw gains of 6.06% and 6.44% respectively, reflecting a recovery in the crypto mining sector [4] - AST SpaceMobile surged 18.25%, indicating strong performance in the space sector [4] - USA Rare Earth jumped 24.68% after securing supply agreements for rare earth materials, enhancing local supply chains [5] - Micron Technology fell 3.21% as it shifts focus away from consumer markets to high-performance AI chip storage [6] - NIO, XPeng, and Li Auto saw pre-market gains, with NIO's gross margin expected to rise to around 18% in Q4 [6]

摩尔线程今日迎来科创板首秀，竞价高开468%，股价报650元，总市值近3055亿，中一签浮盈近27万 元。开盘约40分钟，摩尔线程成交额超100亿元，换手率超50%。AI浪潮席卷下，摩尔线程此次上市收 获空前关注。作为年内首只发行价超百元新股，打新收益成为投资者关注焦点。此次发行也获投资者追 捧，共计267家机构、约483万股民参与抢筹。财报数据方面，今年前三季度，摩尔线程营业收入达7.85 亿元，超过去三年总和，同比增长182%；净利润亏损收窄至7.24亿元。与此同时，另一家国产GPU赛 道代表沐曦股份启动申购，开启了IPO"接力赛"。 ...