On the evening of November 13, Moore Threads unveiled its prospectus for listing on the Science and Technology Innovation Board, bearing the stock code '688795', as it aspires to earn the title of the 'pioneer domestic GPU stock'. The company intends to issue 70 million shares, which will constitute 14.89% of the total share capital post-issuance. The preliminary pricing is slated for November 19, with the subscription period set to begin on November 24. Its application for an initial public offering received approval from the Shanghai Stock Exchange on September 26. In the first half of 2025, the company's revenue soared to 702 million yuan, outstripping the cumulative revenue of the preceding three years, albeit with a net loss attributable to the parent company amounting to 271 million yuan. It is projected to turn a profit as early as 2027. From 2022 to 2024, the company witnessed a steady annual increase in revenue, accompanied by a corresponding annual decrease in net loss. Moore Threads is dedicated to the research and development, production, and marketing of GPUs and associated products, having introduced four generations of GPU architectures and diversified into a computing acceleration product lineup.