“新股王”寒武纪，刚刚公告

Core Viewpoint - Company expects to achieve annual revenue of 5 billion to 7 billion yuan in 2025, amid market speculation about its operational performance [1][5]. Group 1: Financial Performance - In the first half of 2025, the company reported revenue of 2.881 billion yuan, a year-on-year increase of 4347.82% [6]. - The company achieved a net profit attributable to shareholders of 1.038 billion yuan, marking a turnaround from losses [6]. - The net cash flow from operating activities was 911 million yuan, compared to a negative figure in the same period last year [6]. Group 2: Stock Performance - As of August 28, 2025, the company's stock price increased by 133.86% compared to July 28, 2025, outperforming most peers and major indices [5]. - The stock price reached a historical high of 1587.91 yuan per share, surpassing that of Guizhou Moutai [6]. Group 3: Valuation Metrics - The company's latest rolling price-to-earnings (P/E) ratio is 5117.75, and the price-to-book (P/B) ratio is 113.98, significantly higher than the industry averages of 88.97 for P/E and 5.95 for P/B [5]. Group 4: Supply Chain and Product Development - The company operates under a Fabless model, relying on various suppliers, including IP licensing firms and wafer manufacturers [5]. - There are concerns regarding supply chain stability due to the company's inclusion on the "entity list," which may adversely affect operational performance [5]. - The company has no plans for new product releases, and recent online information regarding new products has been labeled as misleading [5].