Shanghai, Feb 2, 2026, 07:57 GMT+8 — Premarket
- On Jan. 30, shares ended at 1,258.89 yuan, rising 0.55%
- Exchange filing projects 2025 net profit between 1.85 billion and 2.15 billion yuan, with revenue expected to hit 6 to 7 billion yuan
- Traders are focused on Monday’s open and the audited annual report set for release in March
Cambricon Technologies Corp Ltd’s Class A shares (688256.SS) head into Monday’s session following the AI chip maker’s forecast of a full-year profit in 2025. The stock closed last at 1,258.89 yuan, up 0.55%, with 6.35 million shares changing hands. Over the past year, the price has swung between 520.67 and 1,595.88 yuan. (Investing)
The forecast is crucial now since the stock trades on the tech-heavy STAR Market, where hitting profit targets can shift investor sentiment. According to Shanghai Stock Exchange rules, companies that go public before turning a profit get tagged with a “U” (unprofitable) marker in their stock names. (SSE)
Cambricon projected a net profit attributable to shareholders between 1.85 billion and 2.15 billion yuan in a Jan. 31 exchange filing, a sharp turnaround from a 452.3 million yuan loss in 2024. The company also forecast revenue climbing to 6 billion to 7 billion yuan, up from just 1.17 billion yuan the previous year. Net profit excluding non-recurring items was expected to hit between 1.6 billion and 1.9 billion yuan. The firm noted these figures are preliminary and unaudited. (Cnstock)
Cambricon attributed its turnaround to a “continued rise in computing power demand” across the AI sector, adding that stronger product competitiveness helped expand its market presence.
The filing comes amid a surge in Chinese chipmakers targeting AI data centre demand and a government push to ramp up domestic sourcing, as Nvidia’s top-tier chips stay tight. The South China Morning Post noted several Chinese semiconductor firms posted strong profits for 2025, fueled by their role in that expansion. (South China Morning Post)
On Feb. 1, analysts Fang Jing and Lu Wei from Guolian Minsheng Securities noted that increased spending from top domestic cloud vendors might sustain demand for local computing chips. (发现报告)
Cambricon develops AI processors aimed at cloud and edge computing markets and offers accompanying software, per its company profile. (Reuters)
But that forecast isn’t set in stone. Profit could still take a hit from audit revisions, slower customer demand, or tougher pricing. The stock’s broad 52-week range highlights just how fast sentiment can swing in the crowded “domestic compute” space.
The next major event to watch is the audited annual report. According to Investing.com’s market calendar, the upcoming earnings release is set for March 13. (Investing)
