Cambricon(SH:688256) 中国基金报·2025-08-30 07:21Core Viewpoint - The recent performance of Cambricon Technologies, which has become the "stock king," has drawn significant market attention, particularly following a sharp decline in its stock price while still maintaining its position as the highest-priced stock in the A-share market [2][4]. Market Performance - On August 28, Cambricon's total market capitalization was 664.303 billion yuan, which dropped to 624.4 billion yuan on August 29, resulting in a loss of nearly 40 billion yuan in a single day [4]. - As of August 29, Cambricon's stock price was 1587.91 yuan, reflecting a daily increase of 15.73% [7]. Company Forecast - Cambricon issued a risk warning on August 28, indicating that it expects to achieve an annual revenue of 5 billion to 7 billion yuan by 2025. This forecast is based on preliminary estimates from the management and does not constitute a commitment to investors [6]. Major Shareholder Activity - Notably, prominent investor Zhang Jianping, known as "Zhang the Alliance Leader," has been a focal point in the market. As of June 30, he held 6.086 million shares of Cambricon, unchanged from the previous quarter [6]. - Zhang Jianping's investment in Cambricon has seen significant appreciation, with his holdings valued at approximately 9.084 billion yuan as of August 29, resulting in a profit of about 5.084 billion yuan over four months [8]. Misidentification Issues - There has been confusion in media reports regarding Zhang Jianping, leading to misidentification with another individual of the same name, who is the chairman of Ningbo Yuanhe Decoration Group. This has caused personal disruptions for the latter, who has requested media outlets to refrain from using his image in connection with Cambricon [10][11][12][16].