New Risk • Jun 05
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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (28% accrual ratio). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Shou Shuang Li was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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 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 released: CN¥0.47 loss per share (vs CN¥0.63 loss in 3Q 2023) 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. Duyuru • 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 New Risk • Sep 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.73 loss per share (vs CN¥0.70 loss in 2Q 2023) 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 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. Duyuru • 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. Duyuru • 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 08
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 12% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CN¥19m net loss in 2 years). 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). Duyuru • 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 released: CN¥0.54 loss per share (vs CN¥0.64 loss in 1Q 2023) 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 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. 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. Duyuru • 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 released 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 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. 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. Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.63 loss per share (vs CN¥0.81 loss in 3Q 2022) 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 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. Duyuru • 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. Reported Earnings • Sep 05
Second quarter 2023 earnings released: CN¥0.70 loss per share (vs CN¥0.83 loss in 2Q 2022) 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 is forecast to grow 53% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Duyuru • 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 Breakeven Date Change • May 12
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 losses will reduce by 40% per year to 2024. The company is expected to 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 released: CN¥0.64 loss per share (vs CN¥0.72 loss in 1Q 2022) 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 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. Board Change • Mar 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 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 following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.