财联社·2025-08-12 09:37Core Viewpoint - The A-share AI hardware sector experienced a significant surge, with Cambrian Technology reaching a new historical high, indicating a shift in the competitive landscape of chip design [3][4]. Group 1: Cambrian Technology Performance - Cambrian Technology's stock price surged by 20% to 848.88 CNY per share, surpassing its previous high of 818.87 CNY in February, with a market capitalization of 355.13 billion CNY [4][5]. - The company attracted a net inflow of 5.455 billion CNY from major funds, ranking first among A-share stocks, with a five-day net inflow totaling 6.804 billion CNY [5][6]. - Cambrian's inventory has increased by over 55% compared to the end of 2024, and its advance payments reached a historical high of 973 million CNY, indicating a strategy to stockpile chip products [8]. Group 2: Market Dynamics and Competitors - Huagong Information's stock price rose by 2.13% to 138.80 CNY, but it remains 23.85% lower than its February peak of 171.90 CNY [5][6]. - Huagong Information reported a revenue of 5.464 billion CNY in the first half of the year, a year-on-year increase of 45.21%, with a net profit of 1.639 billion CNY, up 31.90% [9]. - The company has seen a significant increase in contract liabilities, reaching 3.090 billion CNY, a rise of 242.10% compared to the end of 2024, indicating strong demand for its products [9]. Group 3: Industry Trends - The demand for domestic AI chips is expected to continue growing, with both Cambrian and Huagong Information ramping up inventory in response to market signals [7][9]. - Analysts suggest that the performance and ecosystem of domestic AI chips are gradually improving, meeting actual needs in certain training and inference scenarios [9].