Cambricon(SH:688256) Jing Ji Guan Cha Bao·2025-11-02 05:28Core Viewpoint - The lawsuit filed by former executive Liang Jun against the company claims a labor relationship and seeks compensation for stock incentive losses amounting to 4.287 billion yuan, but legal experts suggest that the claims lack contractual basis due to subsequent agreements that altered initial terms [1][5][10]. Summary by Sections Legal Proceedings - Liang Jun has filed a lawsuit claiming a labor relationship with the company from October 18, 2017, to February 10, 2022, and is seeking compensation for stock incentive losses of 4.287 billion yuan [1]. - Legal experts indicate that Liang's claims are unlikely to succeed as the signed "Equity Incentive Plan" supersedes the initial "Letter of Intent" regarding stock incentives [2][5]. - The company asserts that Liang did not directly hold shares before his departure and that the stock incentive mentioned corresponds to a total investment of approximately 52,600 yuan in employee stockholding platforms [3][4]. Company Performance and Market Impact - The company has seen significant growth, with its stock price increasing from 78.92 yuan to 1,375 yuan since Liang's departure, representing a 16.42-fold increase in the value of his indirect holdings [10][11]. - In the third quarter, the company reported revenue of 1.727 billion yuan, a year-on-year increase of 1,332.52%, and a net profit of 567 million yuan, indicating a turnaround from previous losses [11]. - The ongoing legal dispute is not expected to impact the company's daily operations or financial status, as the stock incentive claims are tied to partnership agreements rather than direct company liabilities [6][9].