Cambricon(SH:688256) Hua Er Jie Jian Wen·2026-02-27 10:34Core Insights - The core viewpoint of the news is that Cambricon, a leading AI chip company in China, reported significant financial growth for the fiscal year 2025, achieving profitability for the first time since its listing on the STAR Market in 2020 [1][2]. Financial Performance - In 2025, Cambricon achieved a total revenue of 6.497 billion yuan, representing a year-on-year increase of 453.21% [1]. - The net profit attributable to shareholders reached 2.059 billion yuan, a turnaround from a loss of 0.452 billion yuan in the previous year [1]. - The company reported a net profit of 1.770 billion yuan after excluding non-recurring gains and losses, compared to a loss of 0.865 billion yuan in the prior year, indicating a strong core business performance [1]. Earnings Quality - Basic earnings per share improved from -1.09 yuan in the previous year to 4.93 yuan in 2025 [1]. - The weighted average return on equity increased from -8.18% to 26.96%, a rise of 35.14 percentage points year-on-year [1]. Asset Growth - By the end of 2025, Cambricon's total assets reached 13.445 billion yuan, a growth of 100.14% compared to the beginning of the year [2]. - The equity attributable to shareholders increased to 11.836 billion yuan, up 118.27% from the start of the year [2]. - The company’s strategic funding was bolstered by a private placement of shares during the year, enhancing its balance sheet [2].