Cambricon's Q3 net profit was 1.404 billion yuan, a year-on-year increase of 148%

AI chip company Cambrian (688256.SH) announced that its operating revenue for the third quarter was 3.531 billion yuan, a year-on-year increase of 104.47%; the net profit attributable to shareholders of the listed company was 1.404 billion yuan, a year-on-year increase of 147.74%.

The announcement showed that the company's operating revenue for the first three quarters was 9.526 billion yuan, a year-on-year increase of 106.76%; the net profit attributable to shareholders of the listed company was 3.715 billion yuan, a year-on-year increase of 131.49%. The performance change was mainly due to the company's continuous market expansion and active support for the implementation of artificial intelligence applications. The Science and Technology Innovation Board Daily noted that the company's net profit for the second quarter was 1.298 billion yuan, based on which the net profit for the third quarter increased by 8% quarter-on-quarter.