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Core Viewpoint - Cambricon Technologies Co., Ltd. (referred to as "Cambricon") has seen its stock price exceed 1500 yuan, becoming the "new stock king" in A-shares, with a significant increase in stock price compared to its peers and major indices [1][2] Group 1: Stock Performance - As of August 28, 2025, Cambricon's closing price reached 1587.91 yuan per share, reflecting a 133.86% increase from the closing price on July 28, 2025 [1][2] - The company's rolling price-to-earnings (P/E) ratio is 5117.75 times, and the price-to-book (P/B) ratio is 113.98 times, both significantly higher than the industry averages of 88.97 times and 5.95 times, respectively [2] Group 2: Revenue Forecast and Product Development - Cambricon projects its total revenue for 2025 to be between 5 billion yuan and 7 billion yuan, with no new product releases planned [1] Group 3: Supply Chain Risks - The company operates on a fabless model, relying on various suppliers, which poses risks to supply chain stability, especially given that some subsidiaries are on the "entity list," potentially impacting operational performance [1]

Core Viewpoint - The announcement from Cambrian Technology highlights significant stock price volatility and provides a cautious revenue forecast for 2025, indicating potential risks for investors due to the disconnect between stock price and fundamental performance [2][4][10]. Group 1: Risk Warning - Cambrian Technology's stock price increased by 133.86% from July 28 to August 28, significantly outpacing most peers and major indices, suggesting a risk of detachment from current fundamentals [4][9]. - The company warns that investors may face substantial risks when participating in trading due to this price surge [4][9]. Group 2: Revenue Guidance - The company projects a revenue range of 5 billion to 7 billion yuan for the year 2025, which is a preliminary estimate and does not constitute a firm commitment to investors [4][10]. Group 3: Product Development - Cambrian Technology has no plans for new product releases, and recent online information regarding new products is deemed misleading [5][11]. Group 4: Supply Chain Stability Risks - The company operates under a Fabless model, and the high specialization and technical barriers in the integrated circuit industry, along with being listed on the "entity list," pose risks to supply chain stability, potentially impacting operational performance [7][12]. Group 5: Stock Performance - On August 28, Cambrian Technology's stock closed at 1587.91 yuan, marking a 15.73% increase for the day and surpassing Kweichow Moutai to become the new "king of A-shares" [15]. - The company reported a staggering 4347.82% year-on-year increase in revenue for the first half of the year, reaching 2.881 billion yuan, with a net profit of 1.038 billion yuan [15].