Moore Threads Q1 Profit, Shares Up 12.8%

Moore Threads Technology reported Q1 net profit of 29.4 million yuan, reversing a 112.5 million yuan loss year‑on‑year.
Revenue surged 155% YoY to 737.6 million yuan, driven by strong AI‑related domestic chip demand.
Shanghai‑listed shares rose up to 12.8% reaching 720 yuan, their highest level since December 2025.
Founder Zhang Jianzhong highlighted ramp‑up of flagship GPU production to support China’s semiconductor self‑sufficiency push.