Cambricon(SH:688256) Guoxin Securities·2025-08-28 15:26Group 1: High-tech Manufacturing Index - The Guosen weekly high-tech manufacturing diffusion index A recorded 0.6, while index B was at 52.0, showing a significant rebound compared to the previous week[1] - Key sectors such as lithium hexafluorophosphate, dynamic random access memory, and 6-amino penicillanic acid saw price increases, indicating rising industry prosperity in new energy, semiconductors, and pharmaceuticals[1] - Prices for acrylonitrile and the Zhongguancun electronic product price index remained unchanged, with aerospace and computer industries showing stable conditions[1] Group 2: Price Tracking and Policy Directions - The price of 6-amino penicillanic acid increased to 190 RMB/kg, up by 10 RMB/kg from last week; acrylonitrile remained at 8,250 RMB/ton[2] - Dynamic random access memory (DRAM) price rose to $1.8870, an increase of $0.073; wafer prices decreased to $2.80, down by $0.01[2] - The State Council's "Artificial Intelligence +" action plan aims for over 70% application penetration in six key areas by 2027 and over 90% by 2030, promoting rapid growth in the smart economy[2] Group 3: Company Performance - Cambricon Technologies (688256) reported a revenue of 2.881 billion RMB for the first half of 2025, a year-on-year increase of 4,347.82%[3] - The net profit attributable to shareholders reached 1.038 billion RMB, with a non-recurring net profit of 913 million RMB, marking a significant turnaround to profitability[3] Group 4: Economic Indicators - Fixed asset investment cumulative year-on-year growth stands at 1.60%[5] - Retail sales growth for the month is at 3.70%, while exports show a year-on-year increase of 7.20%[5] - M2 money supply growth is reported at 8.80%[5]