Cambricon’s revenue of US$403.8 million in the first six months of 2025 was a record high since it went public in 2020
Cambricon Technologies, the Beijing-based chipmaker seen as a potential alternative to Nvidia’s graphics processing units (GPUs), reported a record revenue surge in the first half amid a Chinese stock market frenzy driven by DeepSeek’s breakthrough AI models.
Cambricon’s revenue surged 4,348 per cent year on year to 2.88 billion yuan (US$403.8 million) in the first six months of 2025, a record high for the company since it went public in 2020.
Profit reached 1.04 billion yuan, reversing a net loss of 533 million yuan seen in the first half of 2024, according to its financial report filed to the Shanghai Stock Exchange on Tuesday.
The company’s shares surged 6 per cent on Wednesday morning to trade at 1,408.9 yuan per share, continuing a rally that has seen a nearly 10-fold increase over the past two years.
