寒武纪发布风险提示公告，东芯股份停牌核查

Core Viewpoint - The company, Cambrian, has issued a risk warning regarding its stock price surge, which has increased by 133.86% from July 28 to August 28, 2025, indicating a potential disconnection from its current fundamentals [3][5][9]. Group 1: Risk Warning - Cambrian's stock price has risen significantly, surpassing most of its industry peers and major indices, suggesting a risk of detachment from its fundamental performance [3][5][9]. - The company emphasizes that investors should be aware of the substantial risks associated with trading in the secondary market [5]. Group 2: Annual Performance Guidance - Cambrian forecasts its total revenue for 2025 to be between 5 billion CNY and 7 billion CNY, which is a preliminary estimate and does not constitute a formal commitment to investors [6]. Group 3: Product Release Plans - The company has no plans for new product releases, and recent online information regarding new products is deemed misleading [7]. Group 4: Supply Chain Stability Risks - Cambrian operates under a Fabless model, relying on various suppliers. 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 [8]. Group 5: Stock Price Performance - On August 28, 2025, Cambrian's stock closed at 1587.91 CNY, marking a 15.73% increase for the day and making it the new "king of A-shares," surpassing Kweichow Moutai's closing price [13]. - The stock has seen a year-to-date increase of over 140% [13]. Group 6: Financial Performance - In the first half of 2025, Cambrian reported a revenue of 2.881 billion CNY, a year-on-year increase of 4347.82%, and a net profit attributable to shareholders of 1.038 billion CNY [15].