Moore Threads: Q1 net profit of 29.36 million yuan, achieving a turnaround from loss to profit during the period.

CoinFeed reported on April 26th that, according to Jinshi, Moore Threads announced that in the first quarter of 2026, it achieved revenue of 738 million yuan, a year-on-year increase of 155.35%. Net profit attributable to shareholders was 29.36 million yuan, compared to 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 full-featured GPUs, achieving large-scale product deployment, which in turn promoted rapid revenue growth. Previously, it was reported that Li Feng, co-founder of Moore Threads, dubbed the "first domestic GPU stock," was exposed for issuing cryptocurrency to raise funds and defaulting on a loan of 1500 BTC.