Moor Thread, the leader in computing chips, hit a 20cm limit down: Share price reached a new low since listing, and market value fell below 200 billion yuan.
On September 7, 2026, MoerThread, a leader in computing chips, hit a 20cm limit down during the morning session, causing its stock price to reach a new low since listing. Its market value fell below 200 billion yuan. On that day, 25.7745 million shares of initial public offering and publicly issued shares were released from restrictions; the lock-up period for these restricted shares was 9 months from the date of listing. MoerThread was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on December 5, 2025, with a total share capital of 470 million shares after the initial public offering. Financial data showed that the company’s total revenue in the first half of 2026 was 1.736 billion yuan, a year-on-year increase of 147.42%; the net loss attributable to the parent company was 11.5631 million yuan, a 95.73% reduction from the previous year. Additionally, the company announced on August 9 that it planned to issue H-share stocks and apply for listing on the main board of the Hong Kong Stock Exchange.
Moore Thread, the leader in computing chips, hit a 20cm limit down during today’s morning trading, causing its stock price to reach a new low since listing. Its market value fell below 200 billion yuan. Recently, on September 7, 25.7745 million shares issued through initial public offering and public additional issuance were released from restrictions. The lock-up period for these restricted shares was 9 months from the date of listing, and they became available for trading on September 7, 2026. Moore Thread was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on December 5, 2025. After the initial public offering, the total number of shares was 470 million, including 441 million shares with restricted conditions and 23.8824 million shares with unrestricted conditions. Financial reports showed that Moore Thread’s total revenue in the first half of 2026 was 1.736 billion yuan, a year-on-year increase of 147.42%; its net loss attributable to the parent company was 11.5631 million yuan, a 95.73% reduction from the previous year. Additionally, on August 9, the company announced plans to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange.