Select Language:
Cambricon Technologies, a leading Chinese manufacturer of artificial intelligence chips, announced its first annual profit since listing on the Shanghai Stock Exchange in 2020.
In 2025, the company’s net profit reached CNY2.1 billion (approximately USD300 million), a significant turnaround from a net loss of CNY455.8 million (around USD66.1 million) in 2024. Revenue experienced a dramatic increase of 453%, totaling CNY6.5 billion.
The global AI industry experienced rapid growth last year, with demand for computing power soaring. Cambricon highlighted that its advancements in AI chip technology, core software platforms, and cluster software tools enabled its products to be widely deployed across several key sectors, including telecommunications, finance, and internet services.
The company invested nearly CNY1.2 billion in research and development during the year, representing a 9% increase from 2024. Meanwhile, the R&D expenditure as a percentage of revenue decreased to 18% from 91%, reflecting that revenue growth outpaced R&D spending.
In the fourth quarter, net profit declined by 20% to CNY454.6 million compared to the third quarter, marking the second consecutive quarter of decline after a 17% drop in the previous quarter. Despite this, revenue increased by 9.4% to CNY1.9 billion during the same period.
The stock closed at CNY1,096.10 (about USD159), a 0.3% decrease after earlier rising as much as 2.6%. The company briefly held the position as the highest-performing stock on the Chinese mainland last August.
ChatGPT
Perplexity
Gemini AI
Grok AI
