寒武纪最新公告，事关全年经营预测、新产品情况等

Core Viewpoint - The company has issued a risk warning regarding its stock trading, highlighting a significant increase in stock price that may not align with its current fundamentals, indicating potential risks for investors [1]. Group 1: Stock Performance - As of August 28, 2025, the company's stock price closed at 1587.91 CNY per share, reflecting a 133.86% increase from the closing price on July 28, 2025 [1][7]. - The stock price increase surpasses that of most peers in the industry and is significantly higher than the growth rates of relevant indices such as the Sci-Tech Innovation Index, Sci-Tech 50, and Shanghai Composite Index [1][7]. Group 2: Valuation Metrics - The company's latest rolling price-to-earnings (P/E) ratio is 5117.75 times, and the price-to-book (P/B) ratio is 113.98 times, both of which are substantially higher than the industry averages of 88.97 times for P/E and 5.95 times for P/B in the software and information technology services sector [1][8]. Group 3: Revenue Forecast - The company anticipates achieving an annual revenue between 500 million CNY and 700 million CNY for the year 2025 [1]. Group 4: Product Development - The company has no plans for new product releases, and recent online information regarding new products has been identified as misleading [5]. Group 5: Supply Chain Risks - The company operates under a Fabless model, relying on various suppliers, and faces potential risks to its supply chain stability due to its inclusion on the "entity list," which may adversely affect its operational performance [6]. Group 6: Other Sensitive Information - The company has confirmed that there are no other significant events or sensitive information that could materially impact its stock price, and there have been no stock trading activities by its directors, supervisors, senior management, or controlling shareholders [9].