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寒武纪辟谣!
是说芯语· 2025-09-19 01:20
在最新的业绩会说明会上,针对客户情况以及供应情况,寒武纪表示,公司产品持续在运营商、金融、互联网等多个重点行业规模化部署并通过了客户严 苛环境的验证,并再次强调,网上传播的关于公司在某厂商预定大量载板订单、 收入预测、新产品情况、送样及潜在客户、供应链等相关信息,均为误 导市场的不实信息。 是说芯语原创,欢迎关注分享 对于上半年存货大幅增长,寒武纪董事会秘书叶淏尹称主要系本期产成品增加所致。公司已依据存货跌价计提政策充分计提了相应的跌价准备。考虑大模 型等人工智能市场对人工智能算力旺盛需求,该商业化场景预计将为公司带来持续性收入,因此公司针对云端产品线进行了备货。 转自:第一财经 加入"中国IC独角兽联盟",请点击进入 ...
寒武纪回应订单情况
Di Yi Cai Jing· 2025-09-19 00:51
在最新的业绩会说明会上,针对客户情况以及供应情况,寒武纪表示,公司产品持续在运营商、金融、 互联网等多个重点行业规模化部署并通过了客户严苛环境的验证,并再次强调,网上传播的关于公司在 某厂商预定大量载板订单、 收入预测、新产品情况、送样及潜在客户、供应链等相关信息,均为误导 市场的不实信息。 (文章来源:第一财经) 对于上半年存货大幅增长,寒武纪董事会秘书叶淏尹称主要系本期产成品增加所致。公司已依据存货跌 价计提政策充分计提了相应的跌价准备。考虑大模型等人工智能市场对人工智能算力旺盛需求,该商业 化场景预计将为公司带来持续性收入,因此公司针对云端产品线进行了备货。 ...
“股王”易主,寒武纪登顶背后谁在助推
Di Yi Cai Jing· 2025-08-28 13:53
Core Viewpoint - The stock price of Cambricon (688256.SH) has surged nearly 164% in less than two months, reaching 1587.91 yuan, surpassing Kweichow Moutai (600519.SH) to become the new "king" of A-shares, driven by a significant increase in trading volume and strong financial performance [2][3]. Financial Performance - Cambricon reported a staggering 4347.82% year-on-year increase in revenue for the first half of the year, totaling 2.881 billion yuan, primarily due to robust performance in its cloud product line [3]. - The company's contract liabilities reached 543 million yuan by the end of Q2, a substantial increase from 886,200 yuan at the end of Q1, indicating a strong order backlog [3]. Market Dynamics - The stock's rapid rise is attributed to a combination of fundamental expectations, market sentiment, capital movements, and policy benefits [3]. - Trading data shows intense competition between bullish and bearish investors, with significant participation from institutional and retail investors, including foreign institutions [4][5]. Fund Management - A notable divergence in fund management strategies is observed, with nearly 400 public funds betting on Cambricon while 136 funds exited their positions, some completely liquidating their holdings [6][8]. - Cambricon is included in several major indices, leading to continuous passive investment from index funds, with significant holdings from public ETFs [7]. Industry Outlook - The AI computing sector, including Cambricon, has seen a year-to-date increase of nearly 58%, indicating strong market interest and potential for continued growth [11]. - Analysts express optimism about the AI industry's high growth potential, supported by a robust semiconductor supply chain and favorable policies driving integration across various sectors [12][13].
“股王”易主!寒武纪登顶背后谁在助推
第一财经· 2025-08-28 13:40
Core Viewpoint - The article discusses the rapid rise in the stock price of AI chip leader Cambricon (688256.SH), which surged nearly 164% from 563 yuan to 1587.91 yuan within two months, overtaking Kweichow Moutai (600519.SH) to become the new "king" of A-shares. This surge is attributed to a combination of strong financial performance, market sentiment, and significant trading activity from institutional and retail investors [3][5][6]. Group 1: Stock Performance and Market Dynamics - Cambricon's stock price increased dramatically, reaching 1587.91 yuan on August 28, 2025, marking its entry into the "thousand yuan stock club" and surpassing Kweichow Moutai's price of 1446.1 yuan [5]. - The company's revenue for the first half of the year was reported at 2.881 billion yuan, a staggering increase of 4347.82% year-on-year, primarily driven by strong performance in its cloud product line [5][6]. - The trading volume for Cambricon exploded, with daily average trading increasing from 4.438 billion yuan to over 26 billion yuan, nearly a fivefold increase [3][5]. Group 2: Investor Behavior and Fund Dynamics - There is a notable presence of both institutional and retail investors in Cambricon's trading activity, with significant buy and sell transactions observed on multiple occasions, indicating a fierce battle between bulls and bears [6][8]. - A total of 136 public fund products exited their positions in Cambricon before the stock price surge, while 253 products increased their holdings, reflecting a divergence in fund strategies [10][11]. - Cambricon is included in several major indices, leading to continuous passive fund allocation, with public ETF products holding significant stakes in the company [9][10]. Group 3: Industry Outlook and Future Trends - The AI computing sector, including Cambricon, has seen a year-to-date increase of approximately 58%, indicating strong market interest and potential for continued growth [3][12]. - Analysts suggest that the rapid development of China's semiconductor industry and the integration of AI across various sectors could drive further advancements and investment opportunities [12][14]. - The overall market sentiment remains optimistic, with expectations of sustained growth in technology stocks, particularly in AI and semiconductor sectors, supported by favorable policies and market conditions [12][14].
1587.91元站上A股之巅!寒武纪登顶背后谁在助推?
Di Yi Cai Jing· 2025-08-28 11:07
Group 1 - The stock price of Cambricon Technologies (688256.SH) surged nearly 164% from 563 yuan to 1587.91 yuan within two months, making it the new "king" of A-shares, surpassing Kweichow Moutai (600519.SH) [1][2] - The company's revenue for the first half of the year reached 2.881 billion yuan, a staggering increase of 4347.82% year-on-year, primarily driven by strong performance in its cloud product line [2][4] - The stock has seen explosive trading volume, with daily average turnover increasing from 4.438 billion yuan to over 26 billion yuan, nearly a fivefold increase [1][2] Group 2 - The rapid rise in Cambricon's stock price is attributed to multiple factors, including fundamental expectations, market sentiment, capital movements, and policy benefits [2][3] - The company has a substantial order backlog, with contract liabilities reaching 543 million yuan, indicating strong future revenue potential [2] - Institutional investors have shown mixed strategies, with some buying and others selling, reflecting a significant divergence in market sentiment [3][4] Group 3 - Cambricon is included in several major indices, such as the Sci-Tech 50 and CSI 300, leading to continuous passive fund allocation [4][5] - Among the top ten shareholders, public ETF products hold four positions, indicating strong institutional interest and support for the stock [5][6] - Despite the bullish sentiment, some funds have exited their positions, with 136 products removing Cambricon from their top ten holdings, reflecting caution among certain investors [6][7] Group 4 - The AI computing sector has seen a year-to-date increase of nearly 58%, with Cambricon and SMIC both reaching historical highs [1][7] - The semiconductor industry in China is rapidly developing, with a complete supply chain established, enhancing the potential for technological breakthroughs and international competitiveness [8][9] - The current market environment is favorable for technology stocks, with expectations of sustained growth driven by AI advancements and policy support [7][9]
寒武纪,当了几分钟股王
半导体芯闻· 2025-08-27 10:40
Core Viewpoint - The article highlights the remarkable performance of Cambricon Technologies, which has seen its stock price surge significantly due to the growing demand for domestic AI chips and the trend of domestic substitution. The company reported a staggering revenue increase of 4347% in the first half of 2025, marking a turnaround from losses to profits [3][4]. Financial Performance - Cambricon achieved a revenue of 2.88 billion yuan in the first half of 2025, a year-on-year increase of 4347.82% [4] - The company reported a net profit attributable to shareholders of 1.038 billion yuan, compared to a loss of 530 million yuan in the same period last year [4] - The cloud product line contributed 28.70 billion yuan in revenue, accounting for 99.6% of total revenue, indicating a strong market position in AI computing [3][4] Stock Market Performance - On August 27, Cambricon's stock price reached 1462 yuan per share, briefly surpassing Kweichow Moutai to become the highest-priced stock in A-shares [2] - The stock price increased from 520.67 yuan on July 10 to 1384.93 yuan on August 25, representing a cumulative increase of over 166% [2] Company Background - Cambricon was founded in 2016 by Chen Tian Shi and his brother Chen Yun Ji, both graduates of the University of Science and Technology of China. Chen Tian Shi holds a 29.63% stake in the company, with a net worth exceeding 150 billion yuan [5] - The company focuses on the research and development of AI chips, aiming to create core processing chips for the AI field [5] Product Lines - **Cloud Product Line**: Includes cloud intelligent chips and boards, which serve as core components for AI processing in cloud services and data centers [6] - **Edge Product Line**: Addresses the need for computing power at the edge, enhancing capabilities while mitigating privacy and bandwidth issues [7] - **IP Licensing and Software**: Involves licensing the company's developed IP for intelligent processors and providing a unified software platform for various AI applications [8] - **Intelligent Computing Cluster System**: Combines the company's intelligent computing products with partner hardware to offer comprehensive solutions for AI deployment in data centers [9]
寒武纪股价一度超越贵州茅台,成A股新“股王”!上半年营收大涨43倍
Sou Hu Cai Jing· 2025-08-27 07:37
Core Viewpoint - Cambrian (688256.SH) has seen a significant increase in stock price, reaching a peak of 1464.98 CNY per share, surpassing Kweichow Moutai (600519.SH) to become the new "king of A-shares" [1][2]. Financial Performance - For the first half of the year, Cambrian reported a revenue of 28.81 billion CNY, which is more than double the total revenue of the previous year, reflecting a year-on-year growth of 4347.82% [6]. - The net profit attributable to shareholders was 10.38 billion CNY, a turnaround from a loss of 5.30 billion CNY in the same period last year [6]. - The net cash flow from operating activities turned positive, amounting to 9.11 billion CNY compared to a negative figure in the previous year [6]. - As of the end of the reporting period, the net assets attributable to shareholders were 6.76 billion CNY, a 24.58% increase from the previous year-end [4]. - Total assets reached 8.42 billion CNY, marking a 25.34% increase from the previous year-end [4]. Market Position and Stock Performance - Cambrian has achieved profitability for three consecutive quarters since the fourth quarter of 2024, with a second-quarter revenue of 17.69 billion CNY, reflecting a quarter-on-quarter growth of 59.19% [5]. - The net profit for the second quarter was 6.83 billion CNY, with a quarter-on-quarter growth of 92.03% [5]. - The stock price has shown significant volatility, rising from around 200 CNY per share in the fourth quarter of 2024 to over 600 CNY, and recently maintaining above the 1000 CNY mark for six consecutive trading days [7]. - Notably, prominent investor Zhang Jianping has increased his holdings in Cambrian, with a current stake valued at approximately 8.57 billion CNY based on the stock price as of August 27 [7].
4348%,寒武纪营收暴涨,陈天石身家超1500亿,股价直逼茅台
3 6 Ke· 2025-08-27 02:08
Core Viewpoint - Cambricon, a leading AI chip company in China, reported significant revenue and profit growth in the first half of 2025, indicating a strong recovery and market position in the AI chip sector [1][4]. Financial Performance - For the first half of 2025, Cambricon's revenue reached 2.88 billion yuan, a year-on-year increase of 4347.82% [3]. - The gross profit amounted to 1.61 billion yuan, reflecting a year-on-year growth of 3865.94% [1]. - The net profit attributable to shareholders was 1.04 billion yuan, compared to a loss of 530 million yuan in the same period last year, marking a significant turnaround [3][4]. - The net cash flow from operating activities was 911 million yuan, recovering from a negative 631 million yuan in the previous year [3]. Market Position - Cambricon's total market capitalization is approximately 555.99 billion yuan, making it the largest company by market cap on the STAR Market, significantly ahead of its closest competitor, Haiguang Information, by nearly 100 billion yuan [6][7]. - The company's stock price has surged, recently surpassing 1,000 yuan per share, closing at 1,329 yuan, just 152.61 yuan below Kweichow Moutai's stock price [4]. Product and R&D Focus - The cloud product line contributed nearly 100% of Cambricon's revenue in the first half of 2025, indicating a strong focus on AI core chips for cloud servers and edge computing devices [10][11]. - R&D investment for the first half of 2025 was 456 million yuan, accounting for 15.85% of revenue, with a total of 792 R&D personnel, representing 77.95% of the workforce [11][12]. - The company has applied for a total of 2,774 patents, with 1,599 granted, showcasing its commitment to innovation [12][13]. Strategic Developments - Cambricon has submitted a proposal to issue A-shares to specific investors, aiming to raise up to 398.53 million yuan for investments in chip technology and software platforms targeting large models [16].
云端业务引爆增长,寒武纪上半年营收飙升43倍,净利润扭亏为盈 | 财报见闻
Hua Er Jie Jian Wen· 2025-08-26 13:54
Core Viewpoint - The financial data for Cambrian's first half of 2025 shows explosive growth, with revenue reaching 2.881 billion yuan, a year-on-year increase of 4,347.82%, marking a significant turnaround from losses to profits [1][3]. Financial Performance - Revenue for the first half of 2025 was 2.881 billion yuan, up 4,347.82% compared to the same period last year [2][3]. - The net profit attributable to shareholders was 1.038 billion yuan, a recovery from a loss of 530 million yuan in the previous year [2][3]. - The net cash flow from operating activities was 911 million yuan, improving from a negative 631 million yuan year-on-year [2][3]. - Gross margin stood at 55.93%, indicating strong profitability [1]. Revenue Structure - The cloud product line generated 2.870 billion yuan, accounting for 99.6% of total revenue, highlighting its dominance in the market [3]. - The company has successfully positioned itself to meet the surging demand for AI computing power, particularly in large model training and inference scenarios [3]. Technological Advancements - Cambrian has mastered advanced technologies such as 7nm process technology, which has been applied in the physical design of several chips [3]. - The company is actively developing next-generation intelligent processor microarchitectures and instruction sets, focusing on optimizing large models for natural language processing and video image generation [4]. Research and Development - R&D expenses amounted to 456 million yuan, representing 15.85% of revenue, although this percentage decreased significantly from 690.92% in the previous year [4]. - The company has filed a total of 2,774 patents, with 1,599 granted, predominantly in the form of invention patents, establishing a solid technological barrier [4]. Customer Concentration - The top five customers contributed 85.31% of accounts receivable and contract assets, indicating a high level of customer concentration [5]. - The company has made provisions for bad debts amounting to 50.71% for certain accounts receivable due to increased credit risk [5]. Supply Chain and Inventory - Cambrian faces supply chain stability risks, particularly as some subsidiaries have been placed on an "entity list" [5]. - The company reported inventory of 2.690 billion yuan, a 51.64% increase from the beginning of the period, suggesting a strategy to mitigate supply chain uncertainties [5]. Fundraising Plans - Cambrian is planning to raise 3.985 billion yuan through a specific issuance of A-shares, targeting projects related to AI chip platforms and software platforms for large models [6]. - This fundraising initiative reflects the company's commitment to capitalizing on the growing demand for specialized AI chips in the era of large models [6].
AI算力概念活跃,寒武纪20cm涨停,市值突破3500亿元
Cai Jing Wang· 2025-08-12 11:05
Group 1: Company Overview - Cambricon was established in 2016, focusing on the research and development of artificial intelligence chip products and technological innovation [2] - The company's main business includes the research, design, and sales of AI core chips used in various cloud servers, edge computing devices, and terminal devices, along with providing chip products to customers [2] - Cambricon's core product lines include cloud products, edge products, IP licensing, and software [2] Group 2: Financial Performance - In Q1 of this year, Cambricon achieved revenue of 1.111 billion yuan, a year-on-year increase of 4230.22% [2] - The company reported a net profit attributable to shareholders of 355 million yuan, marking a turnaround from losses [2] - The significant revenue growth is attributed to the company's continuous market expansion and active support for the implementation of AI applications [2] Group 3: Market Trends and Projections - The demand for AI chips and computing servers is continuously growing due to breakthroughs in new technologies such as AI large models and humanoid robots [2] - According to IDC, the global market size for AI computing servers is expected to reach approximately 125.1 billion USD in 2024, increasing to 158.7 billion USD in 2025, and potentially reaching 222.7 billion USD by 2028 [2] - The semiconductor cycle is currently in an upward trend, with AI being the primary growth driver for the semiconductor industry [3] - The domestic AI chip market in China is projected to exceed 300 billion yuan by 2026, with high-performance chips like GPU and FPGA becoming key replacements [3] Group 4: Recent Developments - Cambricon announced a fundraising plan to raise a total of 3.985 billion yuan, with 2.054 billion yuan allocated for a chip platform project aimed at large models [1][2] - The company is adjusting its fundraising plan, reducing the total amount from 4.98 billion yuan to 3.985 billion yuan [1] - The anticipated release window for DeepSeek-R2 is between August 15 and August 30, 2025, which has heightened market expectations following the release of ChatGPT-5 [1]