Moore Threads Technology Reports First-Half Net Loss of 11.56 Million Yuan

Stock News08-09

Moore Threads Technology Co.,Ltd. (688795.SH) has released its semi-annual report for the 2026 fiscal year. The company reported revenue of 1.736 billion yuan for the reporting period, a year-on-year increase of 147.42%. Net profit attributable to shareholders of the parent company was a loss of 11.56 million yuan, representing a narrowing of the deficit compared to the prior year. The net loss excluding non-recurring items was 151 million yuan, also narrowing year-on-year, and basic earnings per share stood at -0.02 yuan.

The substantial growth in operating revenue compared to the same period last year was primarily driven by the booming artificial intelligence industry and robust market demand for full-function GPUs. Additionally, the accelerated commercialization of the company's Kua'e AI computing cluster, strong product performance recognized by customers, and stable deliveries have further expanded the company's competitive market advantage, fueling rapid revenue growth.

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