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侃股:寒武纪是成长股预期落地的典型

Group 1 - The core viewpoint is that Cambrian has successfully transitioned from a high-tech concept to a high-tech blue-chip stock, marking a significant milestone for many high-tech listed companies [2] - Cambrian's stock price reached a historical high of 1464.98 yuan per share, briefly overtaking Kweichow Moutai as the "king of A-shares," driven by its turnaround from losses to profitability [1] - The company's performance indicates a shift from a research and development phase to a growth phase, with expectations for continued earnings growth following its profitability in 2025 [1][2] Group 2 - Cambrian's profit primarily comes from its main business revenue, with net profit closely aligning with non-recurring profit, indicating healthy mid-term performance [1] - The company's price-to-book ratio remains high at approximately 84 times, posing a challenge for future net profit growth and per-share net asset value enhancement [2] - There are concerns regarding Cambrian's future dividend expectations, as maintaining supernormal growth and meeting market dividend expectations remains uncertain [2]