审核通过！3800亿“寒王”大消息

Core Viewpoint - The article highlights the recent approval of Cambricon's approximately 4 billion yuan private placement plan by the Shanghai Stock Exchange, marking a significant step forward for the company amidst the growing interest in AI chip companies in China [2]. Group 1: Company Developments - Cambricon's private placement plan, reduced to about 4 billion yuan, has received approval from the Shanghai Stock Exchange, which will submit the application to the China Securities Regulatory Commission (CSRC) for registration [2][7]. - On August 14, Cambricon established a new subsidiary in Hohhot with a registered capital of 100 million yuan, focusing on integrated circuit chip design and services [5]. - The Hohhot and Linhe New District has become a key data center cluster, with a total computing power exceeding 100,000 P and a total load of 554 MW, expected to reach 1,100 MW by the end of 2025 [6]. Group 2: Financial Performance and Market Predictions - Recent stock price movements indicate a significant increase, with Cambricon's stock reaching a historical high of 985 yuan, driven by market speculation that revenue could exceed 10 billion yuan in 2025 [9]. - In Q1 2025, Cambricon reported a year-on-year revenue growth of 4230.22% and a net profit increase of 256.82%, marking a turnaround to profitability [9]. - Securities firms have raised their profit forecasts for Cambricon, with East Wu Securities projecting net profits of 1.31 billion yuan and 2.21 billion yuan for 2025 and 2026, respectively, while Donghai Securities predicts revenues of 8.443 billion yuan, 16.171 billion yuan, and 25.105 billion yuan for 2025 to 2027 [10][11].