Cambricon(SH:688256) 证券时报·2025-11-01 02:21Core Viewpoint - The former vice president of Cambricon (688256), Liang Jun, is suing the company for compensation of 4.287 billion yuan due to alleged losses from stock incentives, claiming a labor relationship existed from 2017 to 2022 [1][4]. Summary by Sections Legal Proceedings - The court has accepted the case, and the company has received the lawsuit documents, but the hearing has not yet taken place [2]. - Liang Jun claims he was forced to terminate his labor contract due to the company's failure to fulfill the terms of the employment agreement [3][6]. Stock Incentives and Claims - Liang Jun is seeking compensation based on his indirect holding of 11.5232 million shares of Cambricon, calculated at a maximum price of 372 yuan per share as of October 10, 2024 [4]. - The company asserts that Liang Jun did not hold shares directly before his departure and that his claims contradict the terms of the stock incentive plan he signed [7][9]. Company Performance - Cambricon reported a nearly 24-fold increase in revenue year-on-year to approximately 4.6 billion yuan for the first three quarters, with a net profit of 1.6 billion yuan, both setting historical records [12]. - Since Liang Jun's departure in 2022, the company's stock price has increased by over 7 times [12]. Fundraising and Investment Projects - On October 31, Cambricon announced changes to its fundraising projects, including the establishment of new subsidiaries to implement projects related to chip and software platforms for large models, utilizing 1.16 billion yuan of the raised funds [12]. - The company completed a private placement on September 26, raising a net amount of 3.953 billion yuan at a price of 1,195.02 yuan per share [13].