"The pioneer in domestically-produced GPU stocks", Moore Threads, has made its public debut on the Science and Technology Innovation Board (also known as the STAR Market) of the Shanghai Stock Exchange. Its opening price on the inaugural trading day soared well above the issue price, allowing investors who held a single lot to reap a profit of roughly RMB 267,900. The company is centered around the GPU business, positioning its products as direct rivals to NVIDIA, thus earning it the moniker "China's NVIDIA". In the AI era, with the rising demand for GPUs and the acceleration of domestic substitution, domestic GPU makers are capitalizing on development prospects. However, Moore Threads has not yet turned a profit. Over its entire development journey, numerous commercial banks and their subsidiaries have extended financial support via the "equity-debt linkage (joint equity-debt)" strategy, actively engaging in both debt financing and equity investment. During the IPO phase, bank wealth management subsidiaries also took part in offline new share subscriptions. From application submission to approval, Moore Threads completed the process in just 88 days, with the total IPO review period spanning 122 days. Despite its swift business expansion, the company is still incurring losses but is projected to reach profitability by 2027. Lately, the IPOs of several companies on the STAR Market have been approved one after another, with notably shorter processing times on average. The registered and operational enterprises boast prominent "cutting-edge tech" characteristics. The Shanghai Stock Exchange will persist in refining its "three-door-open" strategy, expediting the IPO process, and boosting market appeal.