Zhong Guo Ji Jin Bao·2025-08-28 12:46Core Viewpoint - The announcement from Cambrian Technology highlights significant stock price volatility and provides a cautious revenue forecast for 2025, indicating potential risks for investors due to the disconnect between stock price and fundamental performance [2][4][10]. Group 1: Risk Warning - Cambrian Technology's stock price increased by 133.86% from July 28 to August 28, significantly outpacing most peers and major indices, suggesting a risk of detachment from current fundamentals [4][9]. - The company warns that investors may face substantial risks when participating in trading due to this price surge [4][9]. Group 2: Revenue Guidance - The company projects a revenue range of 5 billion to 7 billion yuan for the year 2025, which is a preliminary estimate and does not constitute a firm commitment to investors [4][10]. Group 3: Product Development - Cambrian Technology has no plans for new product releases, and recent online information regarding new products is deemed misleading [5][11]. Group 4: Supply Chain Stability Risks - The company operates under a Fabless model, and the high specialization and technical barriers in the integrated circuit industry, along with being listed on the "entity list," pose risks to supply chain stability, potentially impacting operational performance [7][12]. Group 5: Stock Performance - On August 28, Cambrian Technology's stock closed at 1587.91 yuan, marking a 15.73% increase for the day and surpassing Kweichow Moutai to become the new "king of A-shares" [15]. - The company reported a staggering 4347.82% year-on-year increase in revenue for the first half of the year, reaching 2.881 billion yuan, with a net profit of 1.038 billion yuan [15].