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1195元!A股史上最贵定增
Shen Zhen Shang Bao· 2025-10-20 15:20
Core Viewpoint - The announcement of the largest private placement in A-share history by Cambricon (688256.SH) aims to raise approximately 3.985 billion yuan to enhance its competitive strength in AI chip and software technology for large model applications [1][2]. Group 1: Private Placement Details - Cambricon plans to issue 3.3349 million shares at a price of 1195.02 yuan per share, raising a total of 3.985 billion yuan, with a net amount of 3.953 billion yuan [1]. - The new shares will be tradable on the Shanghai Stock Exchange's Sci-Tech Innovation Board after a six-month lock-up period [1]. - This issuance will not change the company's control, with Dr. Chen Tian Shi remaining the controlling shareholder [1]. Group 2: Institutional Participation - The private placement attracted 13 institutions, including GF Fund, UBS AG, and Xinhua Asset, with GF Fund acquiring 1,010,861 shares for a total of 1.208 billion yuan [2]. - Other notable public funds such as Huatai-PineBridge, E Fund, and Harvest also participated in the offering [2]. Group 3: Business Impact and Financial Performance - The funds raised will significantly enhance Cambricon's capabilities in the large model market, allowing for rapid development of tailored chip and software solutions [2]. - Cambricon's main business involves the research, design, and sales of AI core chips for various applications, including cloud servers and edge computing devices [2]. - In Q3 2025, Cambricon reported a revenue of 1.727 billion yuan, a year-on-year increase of 1332.52%, and a net profit of 567 million yuan, up 391.47% year-on-year [3]. - For the first three quarters, total revenue reached 4.607 billion yuan, a year-on-year increase of 2386.38%, with a net profit of 1.605 billion yuan, up 321.49% [3]. - However, there was a quarter-on-quarter revenue decline of 2.4% and a net profit decrease of 17% in Q3 compared to Q2 [3]. - As of the end of Q3, the company's inventory was 3.729 billion yuan, a 38.62% increase from the previous quarter [3].
寒武纪: 关于本次募集资金投向属于科技创新领域的说明(修订稿)
Zheng Quan Zhi Xing· 2025-07-17 16:09
Core Viewpoint - The company, Cambricon Technologies, is focused on raising funds for projects related to AI chip innovation and software platforms to enhance its competitiveness in the AI industry [1][15]. Group 1: Company's Main Business - The company specializes in the research, design, and sales of AI core chips used in various applications such as cloud servers, edge computing devices, and terminal devices [1]. - Main products include cloud-based intelligent chips, edge intelligent chips, and terminal intelligent processors, along with supporting system software [1]. Group 2: Fundraising Plan - The company plans to raise up to 3,985.3273 million yuan through a private placement of A-shares, with the funds allocated to projects focused on large model chip platforms, software platforms, and working capital [1][2]. - The total investment for the projects is estimated at 4,980 million yuan, with the raised funds covering 3,985.3273 million yuan after deducting issuance costs [1][2]. Group 3: Project Details and Feasibility - The fundraising projects aim to innovate smart processors for large model technology, including chips for training, inference, and multi-modal tasks [2][3]. - The implementation of these projects is deemed necessary to support the rapid growth of the AI industry and meet the increasing demands for computing power from large models [3][4]. - The projects align with national policies promoting AI and high-end chip development, providing a favorable environment for their execution [4][12]. Group 4: Software Platform Development - The company recognizes the importance of developing a robust software platform to enhance the usability and adaptability of its AI chips, which is crucial for large model applications [8][9]. - The software platform will facilitate the integration of hardware and algorithms, optimizing performance and expanding application areas [10][11]. - The company has established a foundation for an open service capability, supporting developers in utilizing its products effectively [13]. Group 5: Use of Funds for Working Capital - Part of the raised funds, amounting to 478.9702 million yuan, will be used to supplement working capital, addressing the growing operational funding needs as the company expands [14]. - This allocation is expected to enhance the company's financial stability and support ongoing technological innovation [14]. Group 6: Commitment to Technological Innovation - The fundraising initiatives are closely aligned with the company's commitment to technological innovation in the AI chip sector, aiming to enhance design capabilities and software technology reserves [15][16]. - The company plans to continue improving product efficiency and usability through ongoing technological advancements [15].