Shares of Cambricon Technologies continued their downward trajectory in Shanghai trading, closing Friday's session at 1,036.99 yuan, a decline of 2.02%. Trading volume reached approximately 8 million shares as the stock extended losses from earlier in the week.
Recent Performance and Market Context
The company's stock has retreated roughly 16.5% since February 2, following significant single-day declines earlier in the period. This movement highlights the stock's sensitivity to shifts in market sentiment, particularly within China's domestic AI hardware sector.
Cambricon's valuation currently stands near 437.28 billion yuan. Over the past year, its shares have traded within a wide range, between approximately 520.67 yuan and 1,595.88 yuan.
Focus on Financial Outlook
Investor attention is firmly fixed on the company's forthcoming financial results, scheduled for release on March 13. The report is expected to provide crucial validation for management's recent forecast. In a January 31 filing, Cambricon projected 2025 revenue between 6.0 billion and 7.0 billion yuan, with net profit anticipated to reach 1.85 billion to 2.15 billion yuan. This would mark a substantial reversal from the prior year's loss, which the company attributes to rising demand for AI computing solutions.
Market observers note that the 1,000-yuan price level may serve as a psychological threshold for traders. While the broader semiconductor sector saw positive momentum late in the week following optimistic commentary from industry leaders like Nvidia's Jensen Huang, Cambricon's shares remained under pressure.
The upcoming audited annual report carries significant weight. Should the final profit figures fall short of the preliminary range, or if order growth disappoints, the stock—which has demonstrated volatility—could face further downward pressure.
