Tech Brief (Aug. 27): Cambricon Reports $128 Million Profit, Stock More Than Doubles Since July
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Cambricon reports strong profit and soaring stock price
On Aug. 26, Cambricon Technologies reported revenue of 2.9 billion yuan ($397 million) for the first half of 2025, up 4,348% year on year. Net profit was 913 million yuan, turning profitable compared with a 609 million yuan loss a year earlier. Cambricon’s shares have more than doubled since July.
China issues “AI+” guidelines for 2027 adoption
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- Cambricon Technologies’ H1 2025 revenue rose 4,348% to 2.9 billion yuan, with net profit of 913 million yuan; shares more than doubled since July.
- China issued “AI+” guidelines targeting 70%+ adoption of intelligent terminals and AI agents by 2027.
- Inspur’s H1 revenue increased 90% to 80.2 billion yuan; ranked first in China’s server market and top three globally in storage.
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Who’s Who
- Cambricon Technologies
- Cambricon Technologies reported a significant turnaround in the first half of 2025, with revenue soaring to 2.9 billion yuan ($397 million), a 4,348% year-on-year increase. The company achieved a net profit of 913 million yuan, recovering from a 609 million yuan loss, and its stock price more than doubled since July.
- Inspur Electronic Information Industry Co. Ltd.
- Inspur Electronic Information Industry Co. Ltd. (浪潮电子信息产业股份有限公司) reported a 90% year-on-year revenue increase to 80.2 billion yuan in the first half of the year, with net profit up 35% to 799 million yuan. The company ranked second globally and first in China for server market share, and had top three worldwide and first in China installed storage capacity in Q1 2025.
- 360 Security Technology
- 360 Security Technology (三六零安全科技股份有限公司) reported revenue of 3.8 billion yuan for the first half of 2025, a 3.7% increase year-on-year. The company successfully narrowed its net loss attributable to shareholders to 282 million yuan, down from 340 million yuan in the previous year.
- Hesai
- Hesai, a lidar company, has filed for a Hong Kong listing. This involves plans to issue up to 51.2 million ordinary shares. Hesai previously listed on Nasdaq in February 2023.
- Apple
- Apple is scheduled to hold its annual product launch on September 9th. The event will be streamed online and is expected to showcase the new iPhone 17 series along with updates related to artificial intelligence.
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What Happened When
- February 2023：
- Hesai listed on Nasdaq.
- First quarter of 2025：
- According to Gartner and IDC, Inspur ranked second globally and first in China in server market share.
- First half of 2025：
- Inspur Electronic Information Industry Co. Ltd. announced revenue of 80.2 billion yuan and net profit of 799 million yuan.
- First half of 2025：
- 360 Security Technology reported revenue of 3.8 billion yuan and net loss narrowed to 282 million yuan.
- Aug. 26, 2025：
- Cambricon Technologies reported revenue of 2.9 billion yuan for the first half of 2025, with net profit of 913 million yuan, marking a significant turnaround from a 609 million yuan loss a year earlier.
- Aug. 26, 2025：
- China's securities regulator confirmed that Hesai has filed for a Hong Kong listing.
- As of the end of July 2025：
- China's telecom operators reported combined 1.8 billion mobile subscriptions, with 1.14 billion being 5G subscriptions.
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