Shanghai, Feb 1, 2026, 07:36 CST — Market closed
- Cambricon forecast its first full-year profit since listing, citing AI computing demand
- Shares last closed up 0.6% on Friday in Shanghai
- Traders will watch audited results in March and any move to drop the “U” suffix
Cambricon Technologies’ Class A shares will be in focus when China’s markets reopen on Monday after the AI chip designer flagged its first annual profit since listing, a sharp turn for one of Shanghai’s most heavily traded “domestic AI” names.
The timing matters. Mainland investors have treated profit as a gating item for some of the market’s hottest STAR Board stories, and Cambricon’s forecast drops into a week when traders are scanning for anything that backs up the “homegrown compute” trade.
Cambricon trades with a “U” suffix — a STAR Market marker that signals a company listed before it turned profitable — and local media said the tag could be removed if the audited annual report confirms the turnaround. (Sina Finance)
In its annual performance forecast, Cambricon said it expects 2025 revenue of 6 billion yuan to 7 billion yuan and net profit attributable to shareholders of 1.85 billion yuan to 2.15 billion yuan, versus a loss a year earlier. It also projected profit excluding one-off items of 1.6 billion yuan to 1.9 billion yuan, and pointed to rising AI computing demand as it expanded sales and pushed deployments. (STCN Epaper)
On a simple read-through, the range implies a fourth-quarter profit of roughly 245 million yuan to 545 million yuan, based on its first nine months results.
The stock ended Friday at 1,258.89 yuan, up 0.55% on the day, after swinging between 1,240.10 yuan and 1,277.87 yuan. Volume was about 6.35 million shares, slightly below the prior session. (Yahoo Finance)
Cambricon’s update landed alongside a broader batch of unaudited 2025 results across China’s semiconductor supply chain. Moore Threads and MetaX, both watched as alternative GPU suppliers, also reported narrowing losses, while a Donghai Securities research note cited by the South China Morning Post said the AI boom was feeding stronger full-year performance across domestic A-share chip names. (South China Morning Post)
On the numbers, Cambricon’s forecast would mark a clean break from its loss-making recent past. LSEG data shows the company posted a 2024 net loss of about 452 million yuan on revenue of about 1.17 billion yuan. (Reuters)
There is a catch. The forecast is preliminary and unaudited, and the shares have been choppy; MarketScreener data showed the stock was down about 5.7% over the past five sessions despite Friday’s uptick. (MarketScreener)
The next hard catalyst is the annual results release, expected in mid-March; Investing.com’s calendar lists March 13. Traders will also watch for any formal move around the “U” suffix once audited figures land. (Investing)
