Cambricon Technologies Corporation Limited (stock code: 688256.SH) released its financial report for the first half of 2026 on August 7. The report shows that Cambricon's H1 2026 revenue reached 59.96 billion yuan, a 108% increase from 28.8 billion yuan in the same period last year.
Research and development spending for the first half of 2026 totaled 7 billion yuan, up 29.63% year-on-year. As of the end of the reporting period, the company had a research team of over a thousand people, accounting for more than 80% of total employees, with 82.03% of R&D personnel holding master's degrees or higher.
Cambricon's net profit for the first half of 2026 was 23 billion yuan, a 122.61% increase from 10.38 billion yuan in the same period last year. Non-GAAP net profit reached 21.66 billion yuan, up 137% from 9.13 billion yuan a year earlier.
Famous individual investor Zhang Jianping has exited the top ten shareholders list. As of June 30, 2026, Cambricon founder Chen Tianshi held 28.35% of shares, Beijing Zhongke Suanyuan Asset Management Co., Ltd. held 15.57%, and Beijing Aixi Technology Center (Limited Partnership) held 7.27%, with Chen Tianshi as the actual controller of Aixi Partnership.
As of June 30, 2026, Cambricon's equity structure included Hong Kong Securities Clearing Company Ltd. holding 3.5%, China Merchants Bank Co., Ltd. - ChinaAMC SSE STAR 50 Component ETF holding 0.64%, CITIC Securities Co., Ltd. - Harvest SSE STAR Chip ETF holding 0.55%, Industrial and Commercial Bank of China Co., Ltd. - E Fund SSE STAR 50 Component ETF holding 0.39%, and Qiu Mingjing holding 0.36%.
As of December 31, 2025, Cambricon founder Chen Tianshi held 28.35%, Beijing Zhongke Suanyuan Asset Management Co., Ltd. held 15.57%, and Beijing Aixi Technology Center (Limited Partnership) held 7.27%, with Chen Tianshi as the actual controller of Aixi Partnership. The equity structure also included Hong Kong Securities Clearing Company Ltd. holding 3.12%, famous Hangzhou stock trader Zhang Jianping holding 1.62%, China Merchants Bank Co., Ltd. - ChinaAMC SSE STAR 50 Component ETF holding 1.27%, Industrial and Commercial Bank of China Co., Ltd. - E Fund SSE STAR 50 Component ETF holding 1.18%, Beijing Aijiaxi Technology Center (Limited Partnership) holding 1.15%, Industrial and Commercial Bank of China - SSE 50 ETF holding 0.92%, and Industrial and Commercial Bank of China Co., Ltd. - Huatai-PineBridge CSI 300 ETF holding 0.83%. Chen Tianshi controlled a total of 29.34% of the company.
A comparison shows that Zhang Jianping, the famous Hangzhou stock trader, has dropped out of the top ten shareholders, with strong reason to believe he has fully liquidated his position. China Merchants Bank Co., Ltd. - ChinaAMC SSE STAR 50 Component ETF and Industrial and Commercial Bank of China Co., Ltd. - E Fund SSE STAR 50 Component ETF both significantly reduced their holdings. Individual investors Zhang Wei and Qiu Mingjing entered the top ten shareholders.
As of today's close, Cambricon's stock price was 1,199.93 yuan, giving it a market capitalization of 753.9 billion yuan. Based on today's stock price, the value of Zhang Jianping's liquidated stake would be 12.2 billion yuan.
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