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Moore Threads: Net profit of 29.36 million yuan in the first quarter; turned from loss to profit during the period

2026-07-18 05:38:48

ME News message: On April 26 (UTC+8), Moore Threads announced that in the first quarter of 2026, Moore Threads achieved revenue of 738 million yuan, a year-over-year increase of 155.35%. In the first quarter, net profit attributable to shareholders was 29.36 million yuan, compared with a loss of 112 million yuan in the same period last year. During the reporting period, the company focused on the R&D and innovation of all-functional GPUs. Its products were rolled out at scale, thereby promoting rapid revenue growth. Previously reported: Li Feng, co-founder of Moore Threads—dubbed China’s “first domestic GPU stock”—was exposed for issuing a token to raise funds in the crypto market and failing to repay a loan of 1,500 BTC. (Source: PANews)

BTC1.14%

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