Cambricon(SH:688256) Zheng Quan Shi Bao·2025-11-02 08:29Core Viewpoint - The lawsuit initiated by former executive Liang Jun against Cambrian is centered on a claim for compensation of 4.287 billion yuan for alleged stock incentive losses, asserting an employment relationship from October 18, 2017, to February 10, 2022 [1][4]. Group 1: Lawsuit Details - Liang Jun's lawsuit stems from a 2019 signed "Equity Incentive Plan," where he claims Cambrian should compensate him for stock incentive losses amounting to 4.287 billion yuan [4]. - Cambrian maintains that the stock repurchase should follow agreed procedures and prices, and previously filed a lawsuit against Liang Jun for his cooperation in the stock repurchase process [4][9]. - Legal experts suggest that Liang Jun's claim lacks contractual basis since the "Equity Incentive Plan" supersedes the earlier "Letter of Intent" he references [6][8]. Group 2: Financial Implications - As of October 31, Cambrian's stock price was 1,375 yuan per share, with a total market capitalization of 579.8 billion yuan [5]. - Liang Jun indirectly held approximately 11.52 million shares of Cambrian, with a calculated market value of 4.287 billion yuan based on stock prices [11]. - Cambrian reported a revenue of 1.727 billion yuan in Q3, a year-on-year increase of 1,332.52%, and a total revenue of 4.607 billion yuan for the first three quarters, reflecting a growth of 2,386.38% [11]. Group 3: Company Operations and Future Outlook - Cambrian asserts that the ongoing dispute regarding indirect shareholding does not impact its daily research and operations [11]. - The company is positioned as a leading player in the domestic computing chip industry, with expectations of increased resilience against risks due to enhanced supply capabilities and expanding customer base [11].