Tonight's announcement just made me laugh. The announcement shows that the company plans to use 7.5 billion idle raised funds for cash management.

After deducting issuance costs, can you guess how much actual raised funds Mo Er Thread has this time? The answer is 7.5 billion 7605 million.

The wording of the announcement is "7.5 billion idle raised funds," which means that almost all the money raised from this listing is idle, and the listing is purely for the purpose of raising money.

The investment projects for the raised funds in the prospectus are written quite beautifully: AI training and pushing integrated chips 2.5 billion, graphics chips 2.5 billion, AI SoC chips 1.98 billion, but in the end, these projects are all just gimmicks.

A high-tech company, instead of doing research and development, is instead engaging in financial management. And this is still referred to as the "first domestic GPU stock," I really don't know what to say.