tonight,Moore Thread released its first performance forecast after listing: it is expected to achieve operating income of 1.45 billion yuan to 1.52 billion yuan in 2025, a year-on-year increase of 230.70% to 246.67%. Net profit loss attributable to owners of the parent company ranged from 950 million yuan to 1.06 billion yuan, a loss of 1.618 billion yuan in the same period last year.
Moore Thread was established in Beijing in June 2020. It focuses on the research and development of full-featured GPU chips and AI computing solutions to serve the field of digital transformation.
It was listed on the Science and Technology Innovation Board on December 5, 2025, with an issue price of 114.28 yuan and an opening price of 650 yuan. The highest stock price reached 941.08 yuan/share. As of today's closing, the latest stock price is 627.3 yuan/share, a drop of 1/3 from the highest point.
During the reporting period, the company has always focused on the research and development and innovation of full-featured GPUs, and continued to promote rapid iteration of product architecture.Successfully launched the flagship training and recommendation all-in-one full-featured GPU smart computing card MTTS5000. Its performance has reached the market-leading level and has achieved large-scale mass production.
The large-scale cluster built based on this product has been completed and put into service. It can efficiently support the training of large models with trillions of parameters, and its computing efficiency has reached the advanced level of foreign GPU clusters of the same generation of the same size.
Moore Thread also mentioned that compared with some international giants, the company still lags behind in terms of comprehensive R&D strength, core technology accumulation, and product customer ecology.
Thanks to the booming development of the artificial intelligence industry and the strong market demand for high-performance GPUs, the company's product competitive advantages have been further expanded., market attention and recognition continued to increase, driving revenue and gross profit growth, and the overall loss narrowed year-on-year.
At the same time, the company still maintains high R&D investment and is still in a period of continuous R&D investment. It has not yet made a profit and has accumulated unrecovered losses.
