On the afternoon of July 16, computing power concept stocks Cambrian (688256), Unisplendour (000938), Jingjiawei (300474), Haiguang Information (688041), etc., rose sharply, driving the entire computing power sector to rise, and the Wind AI computing power index rose 2.01%. Among them, Cambrian's 20% daily limit market value returned to 100 billion, Unisplendour shares 10% daily limit, Jingjia rose 8.98%, Haiguang Information rose 8.11%, Loongson Zhongke (688047) rose 7.73%, etc.

Computing chips are an important infrastructure in the era of large models, and these computing chip companies are important suppliers of local large model computing power.

Among them, Cambrian's stock price has risen by 85% since the beginning of this year, leading other similar computing chip companies.

In response to today's stock price limit, the surging news reporter called the Cambrian investor hotline as an investor, and relevant people said that the stock price is caused by a variety of comprehensive factors, and the company's business is operating normally. Talking about the opportunities brought by the demand for domestic computing power to Cambrian, this person said that in the past two years, there have been some changes in both industry policies and the entire environment, the demand for domestic computing power exists, and it is relatively strong, and the demand for products such as the company's computing power card continues to expand, and the current environment is both an opportunity and a challenge for the industry computing chip company.

Tianfeng Securities recently reported that the era of large models is coming, and the demand for accelerated computing has increased significantly. Referring to the overseas market, in this vast market opportunity, the market share is expected to be relatively concentrated but difficult to dominate, except for NVIDIA, Google and AMD are working hard to improve their chip capabilities. Cambrian is the veteran of AI chips, since its establishment in 2016, from AI chip licensing to self-developed cloud AI chips and formed a complete software and hardware products and ecology, in the context of the rapid growth of AI computing power demand, the acceleration of independent and controllable AI computing power demand, and the acceleration of computing infrastructure construction, Cambrian is expected to become a major player in the domestic independent AI computing power suppliers.

At present, Cambrian intelligent computing cluster system business and cloud chips constitute the main source of revenue, and the company will achieve operating income of 709 million yuan in 2023, a decrease of 2.7% from 729 million yuan in the same period of the previous year; The net loss in 2023 was 848 million yuan, compared with a net loss of 1.256 billion yuan in the same period last year, and a net loss of 1.043 billion yuan after deducting non-profits.

Cambrian reported in the first quarter of 2024 that its operating income during the reporting period was 25.6661 million yuan, a year-on-year decrease of 65.91%. The net loss attributable to shareholders of the listed company was 227 million yuan. The net loss attributable to shareholders of the listed company after deducting non-recurring gains and losses was 261 million yuan.

The above-mentioned Cambrian person said that the performance of the first quarter of this year is the normal performance of the company's operation, and the overall situation in the first half of the year needs to wait until the semi-annual report is released.

Haiguang Information's performance in the second quarter was outstanding. Haiguang Information recently released a performance forecast for the first half of this year, and is expected to achieve revenue of 3.58 billion to 3.92 billion yuan, an increase of 37.08% ~ 50.09% over the previous year. If calculated on a median basis, the revenue in the second quarter alone is expected to be 2.158 billion yuan, an increase of 49% year-on-year and 36% quarter-on-quarter. It is estimated that the net profit attributable to the parent company will be 788 million to 886 million yuan, an increase of 16.32%-30.78% year-on-year. If calculated on a median basis, the net profit attributable to the parent company is expected to be 548 million yuan in the second quarter alone, an increase of 25% year-on-year and 90% quarter-on-quarter.

Haiguang Information said that during the reporting period, the company continued to focus on its main business around the general computing market and was committed to providing customers with high-performance, high-reliability, low-power products and high-quality services. The company maintains a high level of R&D investment, maintains and consolidates the company's existing market position and competitive advantage through technological innovation, product iteration, performance improvement and other measures, and achieves continuous growth in performance.

Huafu Securities said that Haiguang Information is the leading domestic computing power chip, and it also has a strong competitive advantage in terms of product side and ecology as a scarce target of domestic CPU+DCU.