Moore Threads Technology Co. Ltd. Class A

Moore Threads Technology Co. Ltd. Class A

SSSE:688795
384.18
CNY
+39.19
(+11.36%)
-1.56EPS
336.77BMarket Cap
Oct 29Next Earn
Moore Threads Technology Co. Ltd. Class A
SSE:688795
(Shanghai Stock Exchange)

Recent

price

384.18

P/E

ratio

- -

div

yld

0.04%

ROIC.AI

2022
2023
2024
2025
TTM
CNY
0.26
0.64
1.35
3.72
5.35
Revenue per Share
-10.76
-8.79
-4.99
-2.47
-1.56
Basic EPS, GAAP
-9.41
-6.31
-6.31
-8.87
- -
Free Cash Flow per Basic Share
- -
0.05
0.09
0.13
0.14
Dividend per Share
4.25
1.89
11.22
24.38
25.91
Book Value per Share
3.9
1.65
11.05
24.26
25.79
Tangible Book Value per Share
176
194
324
405
475
Basic Weighted Avg Shares
46
124
438
1,506
2,540
Sales/Revenue/Turnover
-4,102.94
-1,311.61
-354.46
-60.05
-24.73
Operating Margin (%)
179
189
159
111
- -
Depreciation Expense
-1,894
-1,703
-1,618
-1,001
-741
Net Income, GAAP
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-4,109.84
-1,373.51
-369.08
-66.47
-29.19
Profit Margin (%)
1,028
483
4,767
12,016
12,632
Working Capital
12
67
579
1,491
2,837
LT Debt
1,700
755
4,490
11,459
12,177
Total Equity
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-138.75
-61.71
-12.55
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,451
1,235
683
LT Borrowings
1,486
1,720
2,825
LT Finance Leases
5
4
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
470
470
470
Market Capitalization
276,330
262,215
336,771

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,400
13,922
14,335
Cash, Cash Equivalents & STI
9,355
7,687
7,932
Accounts Receivable, Net
434
638
880
Inventories
1,332
2,195
3,550
Total Current Liabilities
2,384
2,234
1,703
Payables & Accruals
- -
- -
- -
ST Debt
1,451
1,235
683
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
155.21%
Free Cash Flow
- -
- -
75.61%
Net Income, GAAP
- -
- -
-38.16%
Sales/Revenue/Turnover
- -
- -
243.37%
Total Cash Common Dividend
- -
- -
73.08%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
160
438
2025
289
413
83
721
1,506
2026
738
999
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
-1.55
-4.99
2025
-0.28
-0.4
-0.96
-0.59
-2.47
2026
0.06
-0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.02
0.09
2025
0.03
0.03
0.03
0.03
0.13
2026
0.04
0.04
- -
- -
- -
Business
Moore Threads Technology Co., Ltd. is a fabless semiconductor company specializing in the design, development, and commercialization of full-function graphics processing units (GPUs) and artificial intelligence compute platforms. The company develops unified chip architectures and software ecosystems designed for high-performance computing, artificial intelligence model training and inference, 3D graphics rendering, scientific computing, ultra-high-definition video codec processing, and physical simulation across consumer, enterprise, and hyperscale cloud infrastructure markets. The company's product portfolio is structured across four primary categories: Desktop and Gaming Graphics Cards, Data Center and Server GPUs, High-Performance Computing Clusters, and Software and Developer Ecosystem Solutions. Its desktop offerings include the MTT S-series GPUs, such as the MTT S80, MTT S70, MTT S50, MTT S30, and MTT S10, featuring PCIe 5.0 support, multi-display output, and compatibility with modern graphics APIs including DirectX, Vulkan, OpenGL, and OpenCL for gaming, digital workstations, and enterprise client computing; its data center and enterprise server lineup includes the MTT S4000, MTT S3000, and MTT S2000 hardware accelerators engineered for large-scale AI training, inference, cloud rendering, virtual desktop infrastructure (VDI), and cloud gaming; its computing infrastructure systems comprise the KUAE Intelligent Computing Cluster solutions, including thousand-card and ten-thousand-card integrated computing platforms designed for training frontier large language models and multimodal AI systems; and its software solutions encompass the proprietary Moore Threads Unified System Architecture (MUSA) platform, the MUSIFY code migration toolchain for CUDA translation, the Torch-MUSA PyTorch extension, full-stack drivers, and enterprise runtime libraries. In recent developments, Moore Threads has restructured into a joint-stock enterprise and advanced its initial public offering (IPO) preparation on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange. The company has expanded its enterprise footprint by deploying large-scale KUAE AI clusters in partnership with major telecommunications operators, cloud service providers, and foundation model laboratories across China. Furthermore, the company launched the flagship MTT S4000 data center GPU to strengthen its enterprise generative AI capabilities, rolled out comprehensive MUSA vGPU and virtualization solutions for financial and government cloud environments, and secured strategic funding from leading institutional and industry investment funds to accelerate next-generation GPU architecture research and development. Founded in October 2020 by former NVIDIA executive James Zhang (Zhang Jianzhong), Moore Threads Technology Co., Ltd. is headquartered in Beijing, China, with additional research, development, and business operations located in Shanghai, Shenzhen, Chengdu, and other major technology centers across China.