Cambricon Statement: The information circulating online about the company organizing small-scale exchanges recently is false. The company's operations are progressing steadily.

On February 3rd during the daytime, Cambrian issued a solemn statement indicating that the company has noticed false information circulating online today regarding recent small-scale exchanges organized by the company. The company has never organized any small-scale exchanges recently and has not issued any annual or quarterly revenue guidance. Please refer to the information disclosed publicly by the company for accurate details. Currently, the company’s R&D progress is smooth, and operations are steadily advancing. Here, the company reminds investors that all related matters are based on publicly disclosed information. Please improve your ability to discern information, and do not spread or believe false information from unknown or unverified sources. Additionally, the company reserves the right to pursue legal action against any behaviors involving fabrication, dissemination, or spreading of false information.

Previous Reports

Cambrian’s stock price plummeted sharply during trading; company responds: unclear about the specific reasons; many market rumors are false

On February 3rd, Cambrian-U (SH688256) experienced a significant drop during trading, with the stock price falling nearly 13% by the midday market close, bringing the total market value down to around 450 billion yuan, evaporating over 70 billion yuan.

Regarding the sharp decline in the company’s stock price, a reporter from the Daily Economic News contacted Cambrian’s Secretary Office as an investor. The staff member stated: “We are not very clear about the (reason for the stock price fluctuation). First of all, there are many rumors in the market, and they are definitely false. Then, the secondary market funds and sentiment fluctuate quite a bit, so everyone should treat this rationally.”

On the evening of January 30th, Cambrian released its 2025 annual performance forecast, estimating that the full-year revenue will be between 6 billion and 7 billion yuan, a substantial year-over-year increase of 410.87% to 496.02%; net profit attributable to shareholders is expected to be between 1.85 billion and 2.15 billion yuan, compared to a loss of 452 million yuan in the same period last year, achieving a turnaround in annual performance.

In the announcement, Cambrian stated that during the reporting period, benefiting from the continuous increase in demand for computing power in the artificial intelligence industry, the company has continued to expand its market with excellent product competitiveness, actively promoted the implementation of AI application scenarios, and achieved significant growth in revenue compared to the same period last year, thereby driving the overall improvement in company performance and turning losses into profits.

However, Cambrian’s Q3 2025 report shows that in the first three quarters of 2025, the company achieved revenue of 4.607 billion yuan and net profit of 1.605 billion yuan attributable to shareholders.

Based on the forecast range of the annual report, Cambrian’s expected revenue for Q4 2025 is between 1.393 billion and 2.393 billion yuan, with net profit expectations between 245 million and 545 million yuan. This also means that in the revenue range of 6 billion to 7 billion yuan for the entire year, the first three quarters have contributed approximately 66% to 77% of the revenue; in the net profit range of 1.85 billion to 2.15 billion yuan, the profit in the first three quarters is similarly at a high level.

Additionally, in Q3 2025, Cambrian achieved revenue of 1.727 billion yuan and net profit of 567 million yuan. Even comparing with the upper limit of the Q4 revenue forecast at 2.393 billion yuan, the quarter-over-quarter growth in revenue is relatively limited; the forecasted upper limit of net profit for Q4 is 545 million yuan, slightly below the level of Q3.

Compared to the rapid growth curve throughout 2025, the growth momentum in Q4 appears to have weakened significantly. However, since the company has not yet disclosed quarterly forecast data, related judgments should be based on the final audited annual report.

Cambrian also pointed out in the performance forecast that this forecast is based on preliminary calculations by the company’s finance department and has not been audited by a certified public accountant. The specific and accurate financial data shall be subject to the officially disclosed audited “2025 Annual Report” of the company.

(Source: People’s Financial News)