Cambricon(SH:688256) 证券时报·2025-10-17 12:11Core Viewpoint - The company, Cambrian (688256.SH), reported significant revenue and profit growth in Q3 2025, driven by its expansion in the AI application market [1]. Financial Performance - Cambrian's Q3 2025 revenue reached 1.727 billion yuan, a year-on-year increase of 1332.52% [1]. - The net profit for Q3 2025 was 567 million yuan [1]. - For the first three quarters of 2025, the total revenue was 4.607 billion yuan, reflecting a year-on-year growth of 2386.38% [1]. - The net profit for the first three quarters was 1.605 billion yuan [1]. Market Activity - As of October 17, 2023, Cambrian's stock price closed at 1247.68 yuan per share, with a total market capitalization of 522 billion yuan [1][2]. Stock Issuance - Cambrian announced a specific stock issuance plan, with an issuance price set at 1195.02 yuan per share, raising a total of 3.985 billion yuan after deducting issuance costs [4][7]. - The issuance involved 333.49 million shares and was subscribed by 13 investors, all through cash [4][6]. Use of Proceeds - The funds raised will be allocated to projects related to AI chip platforms and software platforms, as well as to supplement working capital [7]. - The company aims to enhance its competitive strength in the large model AI market through these investments [7]. Regulatory Approval - Cambrian received approval from the China Securities Regulatory Commission for the stock issuance, valid for 12 months [8].