New Stock News | MoEr Thread (688795.SH) plans to go public in Hong Kong, with revenue in the first half of the year up 147% year-on-year.

On August 9, the A-share first domestic GPU stock MoE Technology (688795.SH) announced its plan to issue overseas listed foreign shares (H shares) and apply for a listing on the main board of the Hong Kong Stock Exchange, with the aim of deepening the company's international strategic layout, continuously attracting and gathering outstanding R&D and management talents, and further enhancing corporate governance and core competitiveness. According to public information, MoE Technology was founded in 2020 by Zhang Jianzhong, former Global Vice President of NVIDIA. Centered around fully functional GPUs, the company aims to provide global infrastructure for accelerated computing and one-stop solutions, delivering strong AI computing support for digital transformation across various industries. The company's A-shares will be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange in December 2025. According to the semi-annual report for 2026 disclosed by MoE Technology, the company achieved revenue of 1.736 billion yuan during the reporting period, a year-on-year increase of 147.42%. The net loss attributable to shareholders of the listed company was 11.56 million yuan, a narrowing compared to the previous year; the non-recurring net profit loss was 151 million yuan, also narrowing year-on-year; basic earnings per share was -0.02 yuan. The report indicated that the operating income saw significant growth compared to the same period last year, which was mainly attributed to the booming development of the artificial intelligence industry and strong market demand for fully functional GPUs during the reporting period, coupled with the accelerated commercialization of the company's KuaE intelligent computing cluster, whereby the product's performance was highly recognized by customers and stable supply was achieved. This further expanded the company's market competitive advantage and drove rapid revenue growth.