Cambricon(SH:688256) Nan Fang Du Shi Bao·2025-11-01 05:39Core Viewpoint - Cambricon Technologies Co., Ltd. is facing a lawsuit from former Vice President Liang Jun, who is claiming a labor relationship and seeking compensation for stock incentive losses amounting to 4.287 billion yuan [1][3]. Group 1: Lawsuit Details - Liang Jun's lawsuit includes three main requests: confirmation of labor relationship from October 18, 2017, to February 10, 2022; compensation for stock incentive losses of 4.287 billion yuan based on his indirect holding of 11.5232 million shares; and that Cambricon bear the litigation costs [3][4]. - The compensation amount is calculated based on the stock's highest price of 372 yuan per share as of the lawsuit date [3]. - Liang Jun claims he was forced to terminate his labor contract due to Cambricon's failure to fulfill the terms of the employment agreement [3][4]. Group 2: Background Information - Liang Jun worked at Huawei for 17 years before joining Cambricon as CTO in 2017, where he was responsible for AI chip development [4]. - Prior to his departure, Liang Jun did not directly hold shares in Cambricon; his rights were derived from a 2019 stockholding plan [4]. - The stockholding plan stipulated that if an employee left during a non-transferable period, their shares would be repurchased according to the agreement [4]. Group 3: Previous Legal Disputes - This is not the first legal dispute between Liang Jun and Cambricon; he previously filed two lawsuits regarding stock rights, both of which were dismissed [5]. - The court found that Liang Jun acknowledged the validity of the agreements he signed and lacked sufficient legal basis for his claims [5]. Group 4: Company Performance - Cambricon's stock price has surged significantly, reaching 1,375 yuan per share as of October 31, with a market capitalization of 579.82 billion yuan [7]. - The company reported a third-quarter revenue of 1.727 billion yuan, a year-on-year increase of 1,332.52%, and a net profit of 567 million yuan, marking a turnaround from losses [8]. - For the first three quarters of the year, Cambricon's revenue was 4.607 billion yuan, up 2,386.38%, with a net profit of 1.605 billion yuan [8].