Cambrian: 2024 Annual Results Report Announcement

SZSIFeb 27 11:00 ET · Announcements

2024 Annual Results Express Announcement

SZSIFeb 27 11:00 ET · Announcements

Cambrian (688256.SH): The net loss for the fiscal year 2024 is narrowed to 0.443 billion yuan, with revenue increasing by 65.56% year-on-year to 1.174 billion yuan.

Cambrian (688256.SH) released its performance report for the year 2024, during the reporting period the company achieved revenue of 11...

Zhitong FinanceFeb 27 10:26 ET

Single-quarter revenue surged by 820%! Cambrian Technologies achieved its first profit in Q4, could the leader in AI Chips make a comeback?

Impressive growth, improvement in losses.

Gelonghui FinanceFeb 27 07:16 ET

Express News | Cambricon Technologies Says Prelim 2024 Net Loss at 443.2 Mln Yuan

ReutersFeb 27 06:04 ET

Major bank rating | CMB International: Alibaba significantly increases capital expenditures, benefiting domestic AI infrastructure suppliers.

Alibaba announced plans to invest at least 380 billion yuan in building Cloud Computing and AI infrastructure over the next three years, with the expected investment scale surpassing the total of the past decade. CMB International released a Research Report stating that estimated capital expenditure by Alibaba from 2026 to 2028 could reach approximately 120 billion yuan per year. It is expected that Cloud Computing Service providers in China are trying to accelerate their investment in Cloud Computing infrastructure to catch up with overseas peers, and it is believed that Alibaba's increased capital expenditure will benefit domestic AI infrastructure supply chain companies. Additionally, ByteDance recently announced a capital expenditure plan exceeding 150 billion yuan by 2025. CMB International anticipates.

Gelonghui FinanceFeb 24 21:37 ET