Cambrian 2024 Annual Results Quick Report Released

Cambricon released its 2024 annual performance report. During the reporting period, the company achieved operating income of approximately 1.174 billion yuan, a year-on-year increase of 65.56%, and a net loss of 443 million yuan attributable to the parent company, a 47.76% reduction from the loss in the same period last year. Cambricon said that the revenue growth in 2024 was mainly due to the company's continued market expansion during the reporting period and its active support for the implementation of artificial intelligence applications, which led to a significant increase in revenue during the reporting period compared with the same period last year.