Moore Threads Intelligent Technology (Beijing) Co., Ltd. has released an updated prospectus for its Initial Public Offering (IPO) on the Science and Technology Innovation Board. According to the announcement, the company generated revenue of RMB 702 million in the first half of 2025. However, it also reported a net loss attributable to the parent company amounting to RMB 271 million.

Casting a glance back at the financial performance from 2022 to 2024, the company witnessed a steady year-on-year increase in revenue, with figures reaching RMB 46 million, RMB 124 million, and RMB 438 million, respectively. Over the same period, while the net loss attributable to the parent company showed a trend of narrowing, it still stood at -RMB 1.84 billion, -RMB 1.673 billion, and -RMB 1.492 billion, respectively. On the whole, the company's financial results indicate a pattern of growing revenue alongside a reduction in losses.