2 1 Shi Ji Jing Ji Bao Dao·2025-08-29 14:07Core Viewpoint - Guizhou Moutai's stock price is recovering, nearing the title of "stock king," while its competitor, Cambricon Technologies, faces significant stock price volatility and risks [1][2]. Group 1: Guizhou Moutai - On August 29, Guizhou Moutai's stock closed at 1480 CNY per share, with a market capitalization of 1.86 trillion CNY, reflecting a 2.34% increase [1]. - The company completed its share repurchase plan, buying back 3.9276 million shares for 6 billion CNY, which is 0.3127% of its total share capital [1]. - The repurchase plan, announced in September 2024, aims to buy back between 3 billion CNY and 6 billion CNY of shares to reduce registered capital [1]. - Guizhou Moutai's revenue for the first half of 2025 was 89.389 billion CNY, a 9.1% year-on-year increase, with a net profit of 45.403 billion CNY, up 8.89% [4]. - The company has a plan to increase its dividend payout and is drafting a new share repurchase scheme [5]. Group 2: Cambricon Technologies - Cambricon Technologies' stock price closed at 1492.49 CNY, having dropped over 6% on the same day, raising concerns about its ability to maintain its "stock king" status [1][2]. - The company announced an expected revenue range of 5 billion to 7 billion CNY for the full year 2025, with a projected revenue of 2.819 billion CNY for the second half of the year, indicating potential negative growth compared to the first half [3]. - Cambricon's stock has seen a significant increase of 133.86% since July 28, leading to warnings about potential risks due to disconnection from its fundamental performance [2][3]. - Goldman Sachs raised Cambricon's target price to 1835 CNY, reflecting increased expectations for AI chip shipments [4].