Price Target Changed • 13h
Price target increased by 9.7% to CN¥1,354 Up from CN¥1,234, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥1,310. Stock is up 223% over the past year. The company is forecast to post earnings per share of CN¥10.80 for next year compared to CN¥3.31 last year. Major Estimate Revision • May 06
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥18.9b to CN¥22.7b. EPS estimate increased from CN¥14.32 to CN¥15.10 per share. Net income forecast to grow 182% next year vs 60% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥1,839 to CN¥2,017. Share price rose 29% to CN¥1,825 over the past week. New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Reported Earnings • Apr 30
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥2.40 (up from CN¥0.85 in 1Q 2025). Revenue: CN¥2.88b (up 160% from 1Q 2025). Net income: CN¥1.01b (up 185% from 1Q 2025). Profit margin: 35% (up from 32% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 61%. Earnings per share (EPS) also surpassed analyst estimates by 102%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 94% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Cambricon Technologies Corporation Limited to Report Q1, 2026 Results on Apr 30, 2026 Cambricon Technologies Corporation Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Major Estimate Revision • Mar 19
Consensus EPS estimates increase by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CN¥11.62 to CN¥14.14. Revenue forecast unchanged at CN¥16.9b. Net income forecast to grow 190% next year vs 64% growth forecast for Semiconductor industry in China. Consensus price target broadly unchanged at CN¥1,923. Share price fell 5.6% to CN¥1,037 over the past week. Announcement • Mar 12
Cambricon Technologies Corporation Limited, Annual General Meeting, Apr 02, 2026 Cambricon Technologies Corporation Limited, Annual General Meeting, Apr 02, 2026, at 14:30 China Standard Time. Location: 2F, No. 25, Zhichun Road, Haidian District, Beijing China Reported Earnings • Mar 02
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥4.93 (up from CN¥1.09 loss in FY 2024). Revenue: CN¥6.50b (up 453% from FY 2024). Net income: CN¥2.06b (up CN¥2.51b from FY 2024). Profit margin: 32% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
Cambricon Technologies Corporation Limited to Report Fiscal Year 2025 Results on Mar 13, 2026 Cambricon Technologies Corporation Limited announced that they will report fiscal year 2025 results on Mar 13, 2026 Reported Earnings • Oct 19
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥1.35 (up from CN¥0.47 loss in 3Q 2024). Revenue: CN¥1.73b (up CN¥1.61b from 3Q 2024). Net income: CN¥566.6m (up CN¥760.9m from 3Q 2024). Profit margin: 33% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 167% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Cambricon Technologies Corporation Limited to Report Q3, 2025 Results on Oct 18, 2025 Cambricon Technologies Corporation Limited announced that they will report Q3, 2025 results on Oct 18, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥1.66 (up from CN¥0.73 loss in 2Q 2024). Revenue: CN¥1.77b (up CN¥1.73b from 2Q 2024). Net income: CN¥682.6m (up CN¥986.0m from 2Q 2024). Profit margin: 39% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 55%. Earnings per share (EPS) also surpassed analyst estimates by 94%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 187% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 27
Consensus revenue estimates increase by 12%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥5.35b to CN¥5.98b. EPS estimate fell from CN¥2.79 to CN¥2.74. Net income forecast to grow 974% next year vs 62% growth forecast for Semiconductor industry in China. Consensus price target up from CN¥912 to CN¥1,218. Share price rose 35% to CN¥1,372 over the past week. New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (115% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Jun 30
Cambricon Technologies Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025 Cambricon Technologies Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 24
Cambricon Technologies Corporation Limited(SHSE:688256) dropped from Shanghai Stock Exchange 180 Value Index Cambricon Technologies Corporation Limited has been removed from Shanghai Stock Exchange 180 Value Index. Announcement • May 02
Cambricon Technologies Corporation Limited announced that it expects to receive CNY 4.98 billion in funding Cambricon Technologies Corporation Limited announced a private placement to issue not more than 20,872,837 A shares for gross proceeds of not more than CNY 4,980,000,000 on April 30, 2025. Issue price is not less 80% of average trading price of CTC’s A shares in the 20 trading days prior to the base date The transaction involves participation of not more than 35 investors. The A shares are restricted for up to 6 months from date of closing. The transaction is approved by 2nd directorate in its 31st meeting and and 2nd supervisory board during its 22nd meeting but still pending approval by CTC’s shareholders’ meeting, Shanghai Stock Exchange and China Securities Regulatory Commission. CTC’s supervisory board has fully reviewed and deliberated on CTC’s issuance of shares to specific investors of year 2025, After the review and deliberation, CTC’s supervisory has issued written opinion on the issuance of shares and has approved the proposal to issue shares to specific investors. Announcement • Apr 30
Cambricon Technologies Corporation Limited, Annual General Meeting, May 21, 2025 Cambricon Technologies Corporation Limited, Annual General Meeting, May 21, 2025, at 14:00 China Standard Time. Reported Earnings • Apr 22
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CN¥0.85 (up from CN¥0.54 loss in 1Q 2024). Revenue: CN¥1.11b (up CN¥1.09b from 1Q 2024). Net income: CN¥355.5m (up CN¥582.1m from 1Q 2024). Profit margin: 32% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Apr 16
Forecast breakeven date pushed back to 2026 The 7 analysts covering Cambricon Technologies previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of CN¥618.2m in 2026. Average annual earnings growth of 55% is required to achieve expected profit on schedule. Announcement • Mar 28
Cambricon Technologies Corporation Limited to Report Q1, 2025 Results on Apr 30, 2025 Cambricon Technologies Corporation Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 28
Full year 2024 earnings released: CN¥1.06 loss per share (vs CN¥2.07 loss in FY 2023) Full year 2024 results: CN¥1.06 loss per share (improved from CN¥2.07 loss in FY 2023). Revenue: CN¥1.17b (up 66% from FY 2023). Net loss: CN¥443.2m (loss narrowed 48% from FY 2023). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Dec 27
Cambricon Technologies Corporation Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 Cambricon Technologies Corporation Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Major Estimate Revision • Dec 13
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.36b to CN¥1.51b. Forecast losses expected to reduce from -CN¥1.23 to -CN¥1.13 per share. Semiconductor industry in China expected to see average net income growth of 57% next year. Consensus price target up from CN¥285 to CN¥355. Share price rose 2.6% to CN¥568 over the past week. Price Target Changed • Dec 04
Price target increased by 29% to CN¥285 Up from CN¥221, the current price target is an average from 3 analysts. New target price is 48% below last closing price of CN¥553. Stock is up 251% over the past year. The company is forecast to post a net loss per share of CN¥1.23 next year compared to a net loss per share of CN¥2.07 last year. Breakeven Date Change • Nov 16
Forecast breakeven date moved forward to 2025 The 6 analysts covering Cambricon Technologies previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 38% to 2024. The company is expected to make a profit of CN¥9.16m in 2025. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Breakeven Date Change • Nov 14
Forecast breakeven date moved forward to 2025 The 6 analysts covering Cambricon Technologies previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 17% to 2024. The company is expected to make a profit of CN¥9.16m in 2025. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: CN¥0.47 loss per share (improved from CN¥0.63 loss in 3Q 2023). Revenue: CN¥120.5m (up 285% from 3Q 2023). Net loss: CN¥194.4m (loss narrowed 26% from 3Q 2023). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Cambricon Technologies Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024 Cambricon Technologies Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Price Target Changed • Sep 04
Price target increased by 9.3% to CN¥147 Up from CN¥134, the current price target is an average from 4 analysts. New target price is 39% below last closing price of CN¥239. Stock is up 56% over the past year. The company is forecast to post a net loss per share of CN¥1.12 next year compared to a net loss per share of CN¥2.07 last year. Reported Earnings • Aug 31
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: CN¥0.73 loss per share (further deteriorated from CN¥0.70 loss in 2Q 2023). Revenue: CN¥39.1m (flat on 2Q 2023). Net loss: CN¥303.4m (loss widened 4.7% from 2Q 2023). Revenue missed analyst estimates by 55%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Jul 27
Cambricon Technologies Corporation Limited (SHSE:688256) announces an Equity Buyback for CNY 40 million worth of its shares. Cambricon Technologies Corporation Limited (SHSE:688256) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be purchased at price not exceeding CNY 297.77 per shares. Repurchased shares will be used for ESOP or equity incentives. The repurchases will be funded using company's own funds. The program will be valid for a period of 12 months. New Risk • Jul 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Jun 29
Cambricon Technologies Corporation Limited to Report First Half, 2024 Results on Aug 31, 2024 Cambricon Technologies Corporation Limited announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • May 07
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥807m Forecast net loss in 2 years: CN¥19m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥19m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Major Estimate Revision • May 06
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.42b to CN¥1.70b. Forecast losses expected to reduce from -CN¥1.37 to -CN¥1.19 per share. Semiconductor industry in China expected to see average net income growth of 59% next year. Consensus price target of CN¥127 unchanged from last update. Share price was steady at CN¥171 over the past week. Announcement • May 01
Cambricon Technologies Corporation Limited, Annual General Meeting, May 27, 2024 Cambricon Technologies Corporation Limited, Annual General Meeting, May 27, 2024, at 14:00 China Standard Time. Reported Earnings • May 01
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CN¥0.54 loss per share (improved from CN¥0.64 loss in 1Q 2023). Revenue: CN¥25.7m (down 66% from 1Q 2023). Net loss: CN¥226.7m (loss narrowed 11% from 1Q 2023). Revenue missed analyst estimates by 74%. Earnings per share (EPS) also missed analyst estimates by 3.8%. Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Apr 30
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥836m Forecast net loss in 2 years: CN¥289m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CN¥289m net loss in 2 years). Share price has been volatile over the past 3 months (12% average weekly change). Breakeven Date Change • Apr 30
No longer forecast to breakeven The 5 analysts covering Cambricon Technologies no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CN¥875.0m in 2026. New consensus forecast suggests the company will make a loss of CN¥962.0m in 2026. Price Target Changed • Apr 05
Price target increased by 11% to CN¥127 Up from CN¥115, the current price target is an average from 4 analysts. New target price is 21% below last closing price of CN¥162. Stock is down 28% over the past year. The company is forecast to post a net loss per share of CN¥1.42 next year compared to a net loss per share of CN¥2.03 last year. Announcement • Mar 30
Cambricon Technologies Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024 Cambricon Technologies Corporation Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 29
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: CN¥709.4m (down 2.7% from FY 2022). Net loss: CN¥835.6m (loss narrowed 34% from FY 2022). Revenue missed analyst estimates by 5.6%. Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Feb 06
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥876.5m to CN¥771.0m. EPS estimate unchanged at -CN¥2.22 per share. Semiconductor industry in China expected to see average net income growth of 57% next year. Consensus price target of CN¥111 unchanged from last update. Share price fell 4.9% to CN¥111 over the past week. Breakeven Date Change • Jan 11
Forecast to breakeven in 2026 The 4 analysts covering Cambricon Technologies expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥875.0m in 2026. Average annual earnings growth of 57% is required to achieve expected profit on schedule. Price Target Changed • Dec 14
Price target increased by 7.0% to CN¥91.45 Up from CN¥85.45, the current price target is an average from 2 analysts. New target price is 39% below last closing price of CN¥149. Stock is up 121% over the past year. The company is forecast to post a net loss per share of CN¥2.31 next year compared to a net loss per share of CN¥3.14 last year. Major Estimate Revision • Nov 04
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥917.9m to CN¥735.5m. Forecast losses increased from -CN¥2.26 to -CN¥2.38 per share. Semiconductor industry in China expected to see average net income growth of 69% next year. Consensus price target broadly unchanged at CN¥85.45. Share price was steady at CN¥109 over the past week. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: CN¥0.63 loss per share (improved from CN¥0.81 loss in 3Q 2022). Revenue: CN¥31.3m (down 66% from 3Q 2022). Net loss: CN¥262.9m (loss narrowed 18% from 3Q 2022). Revenue missed analyst estimates by 84%. Earnings per share (EPS) exceeded analyst estimates by 10.0%. Revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Sep 07
Cambricon Technologies Corporation Limited (SHSE:688256) announces an Equity Buyback for CNY 50 million worth of its shares. Cambricon Technologies Corporation Limited (SHSE:688256) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be purchased at price not exceeding CNY 239 per shares. Repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 6 months. Major Estimate Revision • Sep 06
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.03b to CN¥917.9m. Forecast losses increased from -CN¥2.34 to -CN¥2.44 per share. Semiconductor industry in China expected to see average net income growth of 70% next year. Consensus price target broadly unchanged at CN¥86.55. Share price fell 4.3% to CN¥153 over the past week. Price Target Changed • Sep 05
Price target increased by 8.0% to CN¥86.55 Up from CN¥80.15, the current price target is an average from 2 analysts. New target price is 40% below last closing price of CN¥145. Stock is up 95% over the past year. The company is forecast to post a net loss per share of CN¥2.44 next year compared to a net loss per share of CN¥3.14 last year. Reported Earnings • Sep 05
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: CN¥0.70 loss per share (improved from CN¥0.83 loss in 2Q 2022). Revenue: CN¥39.2m (down 64% from 2Q 2022). Net loss: CN¥289.8m (loss narrowed 14% from 2Q 2022). Revenue missed analyst estimates by 75%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 21
Price target increased by 13% to CN¥85.70 Up from CN¥75.80, the current price target is an average from 2 analysts. New target price is 50% below last closing price of CN¥171. Stock is up 174% over the past year. The company is forecast to post a net loss per share of CN¥2.34 next year compared to a net loss per share of CN¥3.14 last year. Announcement • Jun 28
Cambricon Technologies Corporation Limited to Report First Half, 2023 Results on Aug 30, 2023 Cambricon Technologies Corporation Limited announced that they will report first half, 2023 results on Aug 30, 2023 Major Estimate Revision • May 12
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.21b to CN¥1.06b. Forecast losses increased from -CN¥1.78 to -CN¥2.19 per share. Semiconductor industry in China expected to see average net income growth of 65% next year. Consensus price target up from CN¥75.80 to CN¥78.77. Share price fell 5.8% to CN¥196 over the past week. Breakeven Date Change • May 11
Forecast to breakeven in 2025 The 2 analysts covering Cambricon Technologies expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥46.0m in 2025. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Reported Earnings • May 02
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: CN¥0.64 loss per share (improved from CN¥0.72 loss in 1Q 2022). Revenue: CN¥75.3m (up 20% from 1Q 2022). Net loss: CN¥255.0m (loss narrowed 11% from 1Q 2022). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Reported Earnings • Mar 03
Full year 2022 earnings released: CN¥2.91 loss per share (vs CN¥2.06 loss in FY 2021) Full year 2022 results: CN¥2.91 loss per share (further deteriorated from CN¥2.06 loss in FY 2021). Revenue: CN¥729.0m (up 1.1% from FY 2021). Net loss: CN¥1.17b (loss widened 41% from FY 2021). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Major Estimate Revision • Feb 02
Consensus revenue estimates decrease by 23% The consensus outlook for fiscal year 2022 has been updated. 2022 revenue forecast fell from CN¥962.8m to CN¥744.5m. EPS estimate unchanged from -CN¥2.77 per share at last update. Semiconductor industry in China expected to see average net income growth of 43% next year. Consensus price target broadly unchanged at CN¥72.93. Share price rose 6.1% to CN¥64.74 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hong Bing Lu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 07
Price target decreased to CN¥73.47 Down from CN¥80.07, the current price target is an average from 3 analysts. New target price is 8.5% above last closing price of CN¥67.69. Stock is down 17% over the past year. The company is forecast to post a net loss per share of CN¥2.77 next year compared to a net loss per share of CN¥2.06 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.81 loss per share (vs CN¥0.59 loss in 3Q 2021) Third quarter 2022 results: CN¥0.81 loss per share (further deteriorated from CN¥0.59 loss in 3Q 2021). Revenue: CN¥92.6m (up 9.5% from 3Q 2021). Net loss: CN¥322.4m (loss widened 36% from 3Q 2021). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China. Reported Earnings • Aug 14
Second quarter 2022 earnings released: CN¥0.83 loss per share (vs CN¥0.47 loss in 2Q 2021) Second quarter 2022 results: CN¥0.83 loss per share (down from CN¥0.47 loss in 2Q 2021). Revenue: CN¥108.8m (up 6.9% from 2Q 2021). Net loss: CN¥335.0m (loss widened 80% from 2Q 2021). Over the next year, revenue is forecast to grow 78%, compared to a 48% growth forecast for the industry in China. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: CN¥0.72 loss per share (down from CN¥0.51 loss in 1Q 2021). Revenue: CN¥63.0m (up 74% from 1Q 2021). Net loss: CN¥287.4m (loss widened 40% from 1Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 65%, compared to a 44% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target decreased to CN¥84.05 Down from CN¥129, the current price target is an average from 2 analysts. New target price is 69% above last closing price of CN¥49.88. Stock is down 58% over the past year. The company is forecast to post a net loss per share of CN¥2.52 next year compared to a net loss per share of CN¥2.06 last year. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: CN¥2.06 loss per share (down from CN¥1.15 loss in FY 2020). Revenue: CN¥721.0m (up 57% from FY 2020). Net loss: CN¥824.9m (loss widened 90% from FY 2020). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 43%, compared to a 47% growth forecast for the industry in China. Announcement • Apr 09
Cambricon Technologies Corporation Limited (SHSE:688256) announces an Equity Buyback for CNY 200 million worth of its shares. Cambricon Technologies Corporation Limited (SHSE:688256) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The program will be valid for a period of 12 months. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: CN¥2.12 loss per share (down from CN¥1.15 loss in FY 2020). Revenue: CN¥721.0m (up 57% from FY 2020). Net loss: CN¥847.2m (loss widened 95% from FY 2020). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 43%, compared to a 55% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.59 loss per share (vs CN¥0.28 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥84.5m (up 20% from 3Q 2020). Net loss: CN¥237.9m (loss widened 121% from 3Q 2020). Reported Earnings • Aug 12
Second quarter 2021 earnings released: CN¥0.47 loss per share (vs CN¥0.26 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥101.7m (up 35% from 2Q 2020). Net loss: CN¥186.0m (loss widened 99% from 2Q 2020). Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.51 loss per share (vs CN¥0.30 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: CN¥36.1m (up 213% from 1Q 2020). Net loss: CN¥205.6m (loss widened 90% from 1Q 2020). Is New 90 Day High Low • Dec 24
New 90-day low: CN¥155 The company is down 5.0% from its price of CN¥162 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Aug 04
Cambricon Technologies Corporation Limited to Report First Half, 2020 Results on Aug 28, 2020 Cambricon Technologies Corporation Limited announced that they will report first half, 2020 results on Aug 28, 2020 
