寒武纪构建了从指令集架构到芯片设计、再到基础系统软件的完整技术体系。受益于AI算力需求持续增长，寒武纪产品在互联网、运营商、金融等多个重 点行业应用场景落地，该公司芯片硬件持续推进与国产AI模型适配。 随着全球算力市场需求大爆发，算力芯片国产化加速发展。除寒武纪、海光信息两家算力龙头外，A股及港股市场近期新增摩尔线程、沐曦股份、壁仞科 技、天数智芯等多个标的。此外，阿里平头哥、百度昆仑芯亦通过新品发布及系列资本动作受到市场关注。 《科创板日报》1月30日讯（记者 郭辉）寒武纪发布2025年年度业绩预告。 公告显示，寒武纪预计2025年年度实现营业收入60亿元到70亿元，同比增长410.87%到496.02%；同时预计2025年归属于上市公司股东的净利润为18.50亿元 至21.50亿元，同比扭亏为盈。寒武纪2025年扣非后的归母净利润预计为16亿元到19亿元。 据计算，寒武纪2025年Q4净利润预计2.45亿-5.45亿，环比变动-56%至-3%。第四季度净利润分析师一致预测是6.13亿，因此Q4业绩低于预期。 关于2025年业绩变化原因，寒武纪表示，2025年受益于人工智能行业算力需求的持续攀升，该公司凭借 ...

格隆汇1月30日丨寒武纪(688256.SH)公布，预计2025年全年归属于上市公司股东的净利润为18.50亿元— 21.50亿元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为16.00亿元—19.00亿 元。 公司始终深耕人工智能芯片产品的研发与技术创新领域。报告期内，受益于人工智能行业算力需求的持 续攀升，公司凭借产品的优异竞争力持续拓展市场，积极推动人工智能应用场景落地，本期营业收入较 上年同期大幅增长，进而带动公司整体经营业绩提升，净利润实现扭亏为盈。 ...

Group 1: Company Performance and Forecasts - Cambricon Technologies expects a net profit of 1.85 billion to 2.15 billion yuan in 2025, turning from loss to profit due to the rising demand for AI computing power and significant revenue growth [1] - Western Gold anticipates a net profit of 425 million to 490 million yuan for 2025, representing an increase of 46.78% to 69.23% year-on-year [6] - CICC forecasts a net profit of 8.542 billion to 10.535 billion yuan for 2025, indicating a year-on-year increase of 50% to 85% [6] - Shandong Gold expects a net profit of 4.6 billion to 4.9 billion yuan for 2025, reflecting a year-on-year increase of 56% to 66% [6] - 360 Company predicts a net profit of approximately 213 million to 318 million yuan for 2025, turning from loss to profit [6] - Changchun High-tech anticipates a net profit of 150 million to 220 million yuan for 2025, a decrease of 91% to 94% year-on-year [6] - Overseas Chinese Town A expects a net loss of 13 billion to 15.5 billion yuan for 2025 [6] Group 2: Corporate Actions and Developments - BlueFocus announced that Chairman Zhao Wenquan plans to reduce his holdings by up to 20 million shares, accounting for 0.5571% of the total share capital, due to personal financial needs [2] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish Indonesia as a production base for electric vehicle batteries [3] - Jihua Group's controlling shareholder is planning a change of control, leading to a temporary suspension of trading from February 2, 2026 [4] - Minexplosion Optoelectronics intends to acquire 51% of Xiamen Xizhi Precision Technology Co., becoming its controlling shareholder, which will expand its business into high-end PCB drilling [5]

Core Viewpoint - Cambricon Technologies expects a significant increase in revenue and a return to profitability in 2025, driven by the growing demand for AI computing power [1] Financial Performance - The company forecasts annual revenue between 6 billion to 7 billion yuan, representing a year-on-year increase of over 400% from last year's revenue of 1.174 billion yuan [1] - Net profit is projected to be between 1.85 billion to 2.15 billion yuan, a turnaround from a net loss of 452 million yuan in the same period last year [1] Market Dynamics - The surge in performance is attributed to the continuous rise in demand for AI computing power, which has allowed the company to leverage its product advantages to expand its market presence [1]

寒武纪2025年业绩预告：营收暴增5倍背后的AI芯片逻辑核心要点财务表现：预计2025年营收60-7...寒 武纪2025年业绩预告：营收暴增5倍背后的AI芯片逻辑 核心要点 财务表现：预计2025年营收60-70亿元，同比暴增411%-496%；归母净利润18.5-21.5亿元，实现扭亏为 盈；扣非净利润16-19亿元 对比基数：2024年营收仅11.74亿元，亏损4.52亿元，扣非亏损8.65亿元 业绩驱动：AI算力需求持续攀升，产品竞争力获市场验证，应用场景加速落地 2024年，寒武纪扣非亏损高达8.65亿元，而当年营收仅11.74亿元。这意味着公司当时的经营状况相当严 峻——即便不考虑研发投入，单纯的运营成本都难以覆盖。如今营收规模扩大5倍，扣非净利润却实现 了近28亿元的改善（以中值计算），这显示出典型的规模效应：固定成本被摊薄，边际利润率快速提 升。 然而公告并未披露毛利率数据，这让人无法判断产品本身的竞争力究竟如何。是产品定价能力增强了， 还是仅仅因为出货量大幅增加带来的采购成本下降？这个问题的答案，将决定寒武纪的盈利能力是否可 持续。 AI算力需求爆发：赶上了最好的时代 公告将业绩暴增归因于" ...

Core Insights - The company, Cambricon, forecasts a significant increase in revenue for the year 2025, expecting to achieve between 6 billion to 7 billion yuan, representing a year-on-year growth of 410.87% to 496.02% [1] - The company anticipates a net profit attributable to shareholders of between 1.85 billion to 2.15 billion yuan, marking a turnaround from losses to profitability [1] - Cambricon attributes its growth to the rising demand for computing power in the artificial intelligence sector and its strong market expansion efforts [1] Revenue and Profit Growth - In Q1 2025, Cambricon reported a revenue of 1.111 billion yuan, a staggering year-on-year increase of 4230.22% [1] - By the end of Q2 2025, the company achieved a total revenue of 2.881 billion yuan for the first half of the year, reflecting a growth of 4347.82% compared to the same period last year [1] - For the first three quarters of 2025, the company recorded a revenue of 4.607 billion yuan, with a year-on-year growth of 2386.38% [2] Product and Market Position - Cambricon has developed a comprehensive product line that includes intelligent chips and boards, smart machines, processor IP, and software, catering to various artificial intelligence computing needs across cloud, edge, and endpoint [2] - The company has made significant advancements in its artificial intelligence chip products and foundational software platforms, leading to successful deployments in key industries such as telecommunications, finance, and the internet [2]

Group 1 - Yuehongyuan A announced the transfer of 45% equity in Hongxi Mining for 22.37 million yuan, aiming to optimize its business and promote transformation, expecting a positive impact on financial results with an estimated gain of over 22 million yuan [2] - Wanhua Chemical plans to increase capital by 19.086 billion yuan to its wholly-owned subsidiary Wanhua Olefins, consolidating its carbon two industry operations to enhance competitiveness [3] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish the country as a production base for electric vehicle batteries [4] Group 2 - Gansu Energy reported that the first batch of wind turbines for its 1 million kW green electricity aggregation pilot project has been connected to the grid, contributing to over 10% of the company's expected installed capacity by the end of 2025 [5] - Lingyi Zhizao completed the acquisition of 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of voting rights, making Liminda a subsidiary [6] - Tianqi Lithium's third-phase expansion project for chemical-grade lithium concentrate produced its first batch of qualified products, enhancing raw material supply for its lithium chemical production bases [7] Group 3 - Ecovacs expects a net profit of 1.7 billion to 1.8 billion yuan for 2025, a year-on-year increase of 110.90% to 123.30% due to product upgrades and cost optimization [9] - Cambrian anticipates a turnaround with a net profit of 1.85 billion to 2.15 billion yuan for 2025, a significant increase in revenue driven by operational improvements [10] - China Southern Airlines expects a net profit of 800 million to 1 billion yuan for 2025, recovering from a loss of 1.696 billion yuan in the previous year [11] Group 4 - Shandong Gold forecasts a net profit of 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% due to improved production efficiency and rising gold prices [16] - Perfect World expects a net profit of 720 million to 760 million yuan for 2025, recovering from a loss of 1.288 billion yuan, driven by successful game launches and cost reductions [17] - CICC anticipates a net profit of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% due to strong performance in investment banking and wealth management [18] Group 5 - *ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, recovering from a loss of 76.64 million yuan, attributed to a major asset restructuring [19] - New Hope predicts a net loss of 1.5 billion to 1.8 billion yuan for 2025, down from a profit of 473.6 million yuan, impacted by fluctuations in the pig market [20] - 360 expects a net profit of 213 million to 318 million yuan for 2025, turning around from a loss, driven by increased investment income from equity method accounting [21]

Core Viewpoint - The company, Cambrian, expects significant revenue growth and profitability turnaround by 2025, driven by advancements in artificial intelligence chip technology and market demand [2][4]. Group 1: Revenue Expectations - Cambrian anticipates achieving annual revenue between 6 billion to 7 billion yuan in 2025, representing an increase of 4.826 billion to 5.826 billion yuan compared to 2024, which translates to a growth rate of 410.87% to 496.02% [2]. - In 2024, the company reported an operating revenue of 1.174 billion yuan [4]. Group 2: Profitability Outlook - The company projects a net profit attributable to shareholders of the parent company between 1.85 billion to 2.15 billion yuan for 2025, marking a turnaround from a loss in the previous year [4]. - The expected net profit, excluding non-recurring gains and losses, is estimated to be between 1.6 billion to 1.9 billion yuan [4]. - In 2024, Cambrian reported a total profit of -456 million yuan and a net profit attributable to shareholders of -452 million yuan [4]. Group 3: Market and Performance Drivers - The company attributes its performance improvement to the ongoing demand for computing power in the artificial intelligence sector and its competitive product offerings [5]. - Cambrian is actively promoting the implementation of artificial intelligence applications, which has contributed to its revenue growth and overall operational performance [5].

根据公司发布的2025年年度业绩预告，寒武纪预计全年实现归属于母公司所有者的净利润在18.5亿元至 21.5亿元之间，不仅彻底扭转了上一年度逾4.5亿元的亏损局面，更标志着公司商业化进程迈入全新阶 段。此外，扣除非经常性损益后的净利润同样表现亮眼，预计达到16亿元至19亿元，这与2024年同期扣 非后亏损8.65亿元的状况形成了鲜明对比，显示出公司主营业务造血能力的根本性好转。 中国人工智能芯片领军企业中科寒武纪科技股份有限公司（下称"寒武纪"）预计，得益于行业算力需求 的激增与市场拓展的成功，公司2025年将迎来历史性的业绩拐点，实现首次年度盈利。 寒武纪同时强调，本次披露的数据仅为财务部门初步核算结果，尚未经注册会计师审计。尽管截至公告 披露日，公司未发现可能影响预告准确性的重大不确定因素，但具体财务数据仍需以公司正式披露的 《2025年年度报告》为准。投资者需注意相关投资风险。 算力需求驱动业务落地 针对业绩剧变的原因，寒武纪董事会在公告中解释称，公司长期深耕人工智能芯片产品的研发与技术创 新，目前正受益于行业宏观环境的积极变化。 报告期内，人工智能行业对算力的需求持续攀升。寒武纪表示，公司凭借产品的优 ...

证券代码：688256 证券简称：寒武纪 公告编号：2026-001 中科寒武纪科技股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 中科寒武纪科技股份有限公司（以下简称"公司"）预计 2025 年年度实 现营业收入 600,000.00 万元到 700,000.00 万元，与 2024 年同期（以下简称"上 年同期"）（法定披露数据，下同）相比，将增加 482,553.56 万元到 582,553.56 万元，增长 410.87%到 496.02%。 2025 年 1 月 1 日至 2025 年 12 月 31 日（以下简称"报告期"或"本期"） （二）业绩预告情况 1、经财务部门初步测算，公司预计 2025 年年度实现营业收入 600,000.00 万元到 700,000.00 万元，与上年同期相比，将增加 482,553.56 万元到 582,553.56 万元，增长 410.87%到 496.02%。 2、公司预计 2025 年年度实现归属于母公司所有者的净利润 ...