3 stories mentioning SHA:688795Updated 16d ago
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Moore Threads Technology (SHA:688795) expects its operating revenue in the first half to soar by between 135% and 149% year on year, according to a Shanghai bourse filing on Friday.Operating revenue for the period is forecasted to be between 1.65 billion yuan and 1.75 billion yuan, higher than 701.8 million yuan a year earlier.Shares of the Chinese manufacturer of graphics processing units fell 2% during the morning trade.
Chinese shares rose on Monday as strong first-quarter industrial profit data boosted investor sentiment.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,086.34. The Shenzhen Component Index climbed 0.4% to 14,995.75.The total profits of China's industrial enterprises in the first quarter jumped 15.5% year on year to 1.696 trillion yuan.Profits in the mining industry rose 16.2% from a year earlier to 256.33 billion yuan, while that of the manufacturing industry climbed 19.1% to 1.238 billion yuan. The utilities industry's profits slipped 3.2% year on year to 201.3 billion yuan.The profits of the technology industry and the non-ferrous metal industry both rose 1.2 times.In company news, Moore Threads Technology (SHA:688795) swung to an attributable net profit of 29.4 billion yuan in the first quarter of 2026 from a net loss of 112.5 million yuan a year prior. Shares of the graphics processing unit manufacturer closed 8% higher Monday.
Moore Threads Technology (SHA:688795) swung to an attributable net profit of 29.4 billion yuan in the first quarter of 2026 from a net loss of 112.5 million yuan a year prior, according to a Shanghai bourse filing over the weekend.The manufacturer of graphics processing units booked earnings per share of 0.06 yuan, versus a loss per share of 0.28 yuan a year ago.The recovery came as revenue surged 155% to 737.6 million yuan from 288.9 million yuan in the first quarter of 2025.
