Cambricon Q3 Net Profit Reaches 1.4 Billion Yuan, Up 148% YoY
nashnova research
Cambricon posted Q3 net profit of RMB 1.404 billion, up 147.74% year-on-year, with revenue and profit growth both topping 100% — the market now watches whether Q4 can sustain this pace.
How much did it earn this quarter?
Cambricon (寒武纪, 688256) reported Q3 revenue of RMB 3.531 billion, up 104.47% YoY; net profit attributable to shareholders hit RMB 1.404 billion, up 147.74%.
Non-recurring-adjusted net profit — stripping out one-off gains — reached RMB 1.358 billion, up 168.13%.
This means → profit grew faster than revenue, signaling improving efficiency, not just higher sales volume.
What does the nine-month picture look like?
First three quarters: revenue RMB 9.526 billion, up 106.76%; net profit RMB 3.715 billion, up 131.49%.
Adjusted net profit totaled RMB 3.523 billion, up 148.30%.
In plain terms = this isn't a single-quarter spike — three consecutive quarters of triple-digit growth make the trend more telling than any one number.
Is the profit quality real?
Q3 adjusted profit grew 168.13%, outpacing headline net profit growth of 147.74%.
This means → the bulk of profit growth came from core operations, not asset sales or subsidies.
This reflects a firming earnings structure — for investors, operations-driven profit is far more sustainable than one-off windfalls.
What comes next?
Three straight quarters above 100% growth have lifted the comparison base significantly.
The market's next checkpoint: whether Q4 can hold this pace.
In plain terms = the first nine months are already impressive, but a higher base makes the same growth rate harder to repeat — and that is the key variable for the stock's next move.
市场有风险，内容仅供研究参考，不构成投资建议。