Cambricon Technologies (688256) Q3 2025 earnings summary

Executive summary

• Achieved a dramatic turnaround with net profit of ¥1.60 billion for the first nine months, compared to a net loss in the same period last year.

• Revenue surged 2,386% year-over-year to ¥4.61 billion, driven by aggressive market expansion and AI application deployment.

• Basic EPS reached ¥3.85, up from -¥1.74 year-over-year.

Financial highlights

• Operating income for the first nine months was ¥1.61 billion, compared to a loss of ¥728 million last year.

• Gross margin improved significantly as revenue growth outpaced cost increases.

• Cash flow from operations was -¥29 million, a substantial improvement from -¥1.81 billion last year.

• Total assets rose to ¥12.59 billion, up 87% from year-end 2024.

• Shareholders’ equity increased 109% to ¥11.31 billion.

Outlook and guidance

• Continued focus on AI market expansion and R&D investment to sustain growth.