Cambricon (688256.SH) Projects Profitability, Anticipates 2025 Net Profit Attributable to Shareholders of 1.85-2.15 Billion Yuan

Stock News01-30

Cambricon Technologies Corporation Limited (688256.SH) announced its financial forecast, projecting a significant turnaround to profitability for the full year of 2025. The company expects its net profit attributable to owners of the parent company to reach between 1.85 billion and 2.15 billion yuan, a stark reversal from the loss recorded in the same period last year.

The company has consistently dedicated itself to the research, development, and technological innovation of artificial intelligence chip products. During the reporting period, benefiting from the continuously surging demand for computing power within the AI industry, the company successfully expanded its market presence by leveraging the superior competitiveness of its products. It actively promoted the implementation of AI applications across various scenarios, leading to a substantial year-over-year increase in revenue. This robust revenue growth, in turn, drove a comprehensive improvement in the company's overall operating performance, culminating in a return to profitability.

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