This evening, Cambricon released its semi-annual report. In the first half of 2025, the company achieved operating revenue of 2.881 billion yuan, a year-on-year increase of 4347.82%; net profit was 1.038 billion yuan, turning a profit compared to the same period last year. Cambricon’s net profit in Q1 was 355 million yuan; based on this calculation, Q2 net profit was 683 million yuan, a quarter-on-quarter increase of 92.03%.
Regarding the reason for the significant increase in revenue, Cambricon stated in the semi-annual report that it was mainly due to the company’s continuous market expansion and active efforts to promote the implementation of artificial intelligence applications, resulting in a substantial year-on-year revenue growth during the reporting period.
As for the reason for turning a net profit, the company stated that it was primarily due to the significant increase in operating revenue during this period.
Furthermore, the semi-annual report mentioned that the company maintained a high level of R&D investment, with R&D spending increasing by 2.01% year-on-year, accounting for 15.85% of operating revenue. However, because the growth rate of operating revenue far exceeded that of R&D investment, the proportion of R&D investment to operating revenue decreased by 675.07 percentage points compared to the same period last year.
According to information on the top ten circulating shareholders, northbound funds increased their holdings by 278,700 shares in Q2. As of June 30, northbound funds held 15.704 million shares of Cambricon; well-known retail investor Zhang Jianping’s holdings in Cambricon remained unchanged in Q2, still holding 6.0863 million shares.
On August 25, Cambricon’s stock surged, with the highest price reaching 1,391 yuan per share, setting a new historical high, and its market capitalization approached 580 billion yuan. As of the close on August 26, Cambricon fell over 4%, to 1,329.00 yuan per share.
According to reports, Cambricon’s founder was born in 1985 and graduated from the University of Science and Technology of China. He holds 29.63% of Cambricon’s shares, with a personal fortune exceeding 150 billion yuan.
It was previously reported that Cambricon Technology was jointly founded in 2016 by him and his brother. Both brothers graduated from the Special Class for the Gifted Young at the University of Science and Technology of China. His research focus is on artificial intelligence algorithms, while his brother specializes in computer chips.
According to Cambricon’s earlier prospectus announcement, the initial offering price was 64.39 yuan per share, corresponding to a market capitalization of 25.762 billion yuan. It is worth mentioning that Cambricon took less than five years from its establishment to its IPO, which was shorter than other artificial intelligence companies applying for an IPO at the same time.
