Today, Moore Threads Intelligent Technology (Beijing) Co., Ltd. officially listed its A-shares on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). The company has a total A-share capital of 470,028,217 shares, with 29,382,386 shares starting trading on December 5th. The stock is listed under the abbreviation "Moore Threads" and the stock code "688795".
Known as "China's first domestic GPU stock", Moore Threads' IPO on the STAR Market took only 88 days from acceptance to approval. The stock opened at RMB 650 per share, representing a 468.78% surge from its issuance price of RMB 114.28 per share, with its market capitalization briefly exceeding RMB 300 billion during the trading session.
Founded in 2020, Moore Threads focuses on full-featured GPUs as its core business, committed to providing global customers with accelerated computing infrastructure and one-stop solutions. The company delivers powerful AI computing support for the digital and intelligent transformation of various industries. According to its official website, Moore Threads aims to become an internationally competitive leading GPU enterprise, building an advanced accelerated computing platform for a digital and intelligent world integrating artificial intelligence and digital twins.
Moore Threads forecasts its full-year 2025 operating income to range from RMB 1.218 billion to RMB 1.498 billion, representing a year-on-year growth of 177.79% to 241.65% compared with 2024. The company expects its net profit attributable to parent company shareholders after deducting non-recurring gains and losses to be between -RMB 1.238 billion and -RMB 878 million.