Cambricon reported third-quarter revenue of 3.531 billion yuan, up 104.47% year on year, with net profit of 1.404 billion yuan, up 147.74%. For the first three quarters, revenue and net profit rose 106.76% and 131.49% respectively, driven by expanded market reach and the deployment of artificial-intelligence applications.
The company said growth mainly came from continuously expanding its market and advancing AI-application adoption. Inventory rose to 11.665 billion yuan, with prepayments and notes payable also increasing substantially as it builds capacity against strong AI-chip demand.
The results came amid a broad humanoid-robot sector rally: Unitree scored its first 20% limit-up since listing with a weekly gain of 46.14%, while institutions turned bullish on the industry moving from batch validation to scaled deployment.
Source: Wall Street CN / Tencent News (paraphrased and translated from Chinese financial media; reprinted for informational purposes with attribution).
