Cambricon Technologies (SHA:688256) forecasts its attributable loss to narrow by 43% to 53% to between 396 million yuan and 484 million yuan in 2024 from 848.4 million yuan a year earlier, according to a Wednesday filing with the Shanghai Stock Exchange.
Operating income is seen to rise 51% to 69% to between 1.07 billion yuan and 1.20 billion yuan during the year from 709.4 million yuan a year earlier, the filing said.
The AI chip manufacturer attributes the lower loss to market expansion and better implementation of artificial intelligence applications, the filing said.
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