Cambricon(SH:688256) Sou Hu Cai Jing·2025-10-18 03:07Financial Performance - In Q3 2025, the company reported revenue of 1.727 billion yuan, a year-on-year increase of 1332.52%, but a quarter-on-quarter decline of 2.4% [2][3] - The net profit attributable to shareholders was 566 million yuan, compared to a loss of 194 million yuan in the same period last year, marking the fourth consecutive quarter of profitability [2][3] - For the first three quarters of 2025, total revenue reached 4.607 billion yuan, a year-on-year increase of 2386.38%, with a net profit of 1.605 billion yuan, indicating a turnaround from losses [2][3] Government Subsidies - The company received government subsidies of 53.6 million yuan in Q3, totaling 172 million yuan for the first three quarters [2] Research and Development - R&D expenses in Q3 amounted to 258 million yuan, a year-on-year increase of 22.05%, but the proportion of R&D expenses to revenue decreased to 14.95%, down 160.57 percentage points from the previous year [4][5] - The total assets of the company reached 12.592 billion yuan by the end of Q3, an increase of 87.44% compared to the end of the previous year [5] Market Position and Strategy - The company focuses on the development and innovation of AI chips, targeting applications in cloud servers, edge computing devices, and terminal devices [5] - The growth in revenue is attributed to the expansion of the market and the increasing demand for AI applications, especially as domestic AI chip manufacturers gain market opportunities due to challenges faced by NVIDIA in China [5] Shareholder Information - As of September 30, 2025, major shareholders include Chen Tian Shi with 28.57% ownership and Beijing Zhongke Suanyuan Asset Management Co., Ltd. with 15.7% [6][7] Stock Performance - The company's stock price reached a peak of 1462 yuan per share in late August 2025, making it the highest-priced stock in A-shares, but it closed at 1247.68 yuan on October 17, 2025, down 2.07% [8]