今年营收将远低于市场预期？寒武纪股价大跳水，去年业绩预盈

Core Viewpoint - Cambricon Technology has denied recent rumors regarding its revenue guidance for 2026, asserting that it has not organized any small-scale communications or provided any revenue forecasts, and emphasized that its R&D progress is on track and operations are steady [1][3]. Group 1: Stock Performance - On February 3, Cambricon's stock price experienced a significant drop, falling nearly 14% at one point, closing at 1,082.09 CNY per share, a decline of 12.88%, resulting in a market value loss of nearly 70 billion CNY, marking the largest single-day drop since September 4, 2025 [3]. - Following the denial of the rumors, the stock price rebounded slightly, closing at 1,128 CNY per share with a final drop of 9.18%, bringing the total market value to 475.66 billion CNY [3]. Group 2: Financial Performance - Cambricon has forecasted its 2025 annual revenue to be between 6 billion to 7 billion CNY, representing an increase of 4.826 billion to 5.826 billion CNY compared to the previous year, which translates to a growth rate of 410.87% to 496.02% [5]. - The company expects to achieve a net profit attributable to shareholders of 1.85 billion to 2.15 billion CNY, marking a turnaround from previous losses, with a non-GAAP net profit forecasted at 1.6 billion to 1.9 billion CNY [5]. - This will be the first time Cambricon has achieved annual profitability since its listing, having reported losses in previous years from 2021 to 2024 [8]. Group 3: Market Context - The AI chip sector is experiencing increased competition, with reports indicating that Alibaba's subsidiary, Pingtouge, has surpassed Cambricon in chip shipments, which has sparked market discussions [4]. - Other AI chip companies listed on the STAR Market, such as Moer Technology and Muxi Co., have also seen stock declines, with Moer Technology's stock down 2.65% and Muxi Co.'s down 3.08% as of February 3 [10].