Cambricon has announced an adjustment to its stock issuance plan for this year, aiming to raise approximately 3.985 billion yuan through the issuance of new shares.

After deducting issuance costs, the funds raised will be allocated to three primary areas: firstly, the chip platform project tailored for large models; secondly, the software platform project also targeting large models; and finally, to supplement the company's working capital.

Over the years, Cambricon has developed a suite of intelligent processor and chip products, including the Cambricon 1A, 1H, and 1M series for mobile phones and other terminal devices, as well as cloud intelligent acceleration cards based on Thinker 100, 270, 290, and 370 chips, and edge intelligent acceleration cards featuring the Thinker 220 chip.

These products support the training and operation of mainstream large models such as LLaMA and GPT in practical commercial applications, with deployments across industries like finance, healthcare, and cloud computing, amassing a substantial customer base and rich experience.

The new fundraising project is solely targeted at the technical demands of large models. Cambricon aims to capitalize on this trend by investing heavily in R&D to secure market share.

Large models impose stringent requirements on the parallel computing power and storage efficiency of chips. Cambricon plans to leverage its chip hardware architecture strengths to focus on these critical areas, researching advanced technical optimization strategies, software algorithms, and tools. Additionally, it will establish a comprehensive software platform encompassing a flexible compilation system, a training platform, and an inference platform, providing end-to-end support from algorithm development to the practical deployment and application of large models.

Cambricon's latest first-quarter financial report for 2025 highlights a remarkable surge in performance, with revenue reaching 1.111 billion yuan, nearly matching the total revenue for 2024 and registering a year-on-year increase of over 42 times. Net profit stood at 355 million yuan, marking two consecutive profitable quarters. Excluding non-recurring gains like subsidies, net profit turned positive for the first time, reaching 276 million yuan. This upswing is primarily attributed to market expansion and the promotion of AI application implementation. Simultaneously, the company's inventory and prepayments have reached new highs, indicating a significant increase in chip reserves and a positive outlook on market prospects.