Cambricon(SH:688256) Mei Ri Jing Ji Xin Wen·2025-08-28 12:29Core Viewpoint - The company has issued a stock trading risk warning due to a significant increase in its stock price, which has risen 133.86% from July 28, 2025, to August 28, 2025, indicating a potential disconnection from its current fundamentals [1][6]. Group 1: Stock Performance - The company's stock price closed at 1587.91 CNY per share on August 28, 2025, marking a 15.73% increase for the day and surpassing the closing price of Kweichow Moutai at 1446.1 CNY, making it the highest closing price in the A-share market [8][10]. - The stock price increase of 133.86% is significantly higher than that of most peers in the industry and exceeds the growth rates of relevant indices such as the Sci-Tech Innovation Board Index and the Shanghai Composite Index [1][6]. Group 2: Financial Forecast - The company anticipates a total revenue of between 500 million CNY and 700 million CNY for the year 2025, based on current operational conditions [3]. Group 3: Product and Supply Chain - The company has no plans for new product releases, and recent information circulating about new products is deemed misleading [4]. - Operating under a Fabless model, the company faces potential risks to its supply chain stability due to its inclusion on the "entity list," which may adversely affect its operational performance [5]. Group 4: Valuation Metrics - As of August 28, 2025, the company has a rolling price-to-earnings (P/E) ratio of 5117.75 and a price-to-book (P/B) ratio of 113.98, both significantly higher than the industry averages of 88.97 for P/E and 5.95 for P/B [7].