Moore Threads Q1 Profit Swing

Moore Threads Technology reported Q1 net profit of 29.4 million yuan, reversing a 112.5 million yuan loss from a year earlier.
Revenue surged 155% YoY to 737.6 million yuan, driven by strong demand for AI‑related domestic chips.
Shanghai‑listed shares jumped up to 12.8% reaching 720 yuan, their highest level since December 2025.
The company is scaling flagship GPU production to support China’s semiconductor self‑sufficiency drive, positioning against Nvidia.