Cambricon(SH:688256) Zheng Quan Shi Bao·2025-10-15 09:08Core Insights - SenseTime and Cambricon have signed a strategic cooperation agreement to enhance software and hardware optimization and build an open and win-win industrial ecosystem [1][2] - Following the announcement, SenseTime's stock rose by 5.44% to HKD 2.52, with a market capitalization of approximately HKD 97.5 billion, while Cambricon's stock increased by 3.85% to CNY 1242 [1] Company Overview - Cambricon, a leading AI chip company in China, focuses on AI chip product development and has established a complete product system that integrates cloud, edge, and terminal solutions [3] - SenseTime is an AI software company that aims to create a more inclusive AI software platform, with its business covering generative AI, visual AI, and innovative sectors [3] Strategic Cooperation Details - The collaboration will leverage both companies' technological and industrial resource advantages, focusing on domestic AI infrastructure, vertical business development, and technology export [2][4] - The partnership aims to explore a tiered product innovation system based on intelligent computing power and AI model technology, promoting industrial intelligence transformation [4] Financial Performance - Cambricon reported a revenue of CNY 2.881 billion in the first half of the year, a year-on-year increase of 4347.82%, and a net profit of CNY 1.038 billion, compared to a loss of over CNY 500 million in the same period last year [4] - SenseTime's revenue from generative AI reached approximately CNY 1.816 billion in the first half of the year, a year-on-year growth of 72.7%, with its share of total revenue increasing from 60.4% to 77% [5]