Cambrian's revenue surged by 4347.82% year-on-year in the first half of the year, and the AI chip track exploded
Recently, Cambrian (688256.SH) released its first half of 2023 financial report. Data showed that its revenue surged by 4347.82% year-on-year, becoming the most dazzling "dark horse" in the field of AI chips. This data not only far exceeds market expectations, but also reflects the explosive growth of global demand for AI computing power. This article will combine the popular topics on the Internet for the past 10 days and analyze them from three aspects: financial data, industry background and future trends.
1. Interpretation of Cambrian financial data
| index | First half of 2023 | First half of 2022 | Year-on-year changes |
|---|---|---|---|
| Operating income (billion yuan) | 1.14 | 0.026 | +4347.82% |
| Net profit attributable to shareholders (billion yuan) | -5.45 | -6.22 | Losses narrowed by 12.38% |
| R&D investment (billion yuan) | 4.28 | 3.05 | +40.33% |
It can be seen from the financial report that Cambrian's revenue growth mainly comes from cloud smart chips and acceleration card products (revenue accounts for 72%), and its main product, Siyuan 370 series, has entered the supply chain of many leading Internet companies. Although it has not yet made a profit, the loss has narrowed significantly and R&D investment has continued to increase, indicating that the company is in a critical period of technology commercialization.
2. Industry hot spot correlation analysis
The three major AI-related events that have been hotly discussed across the Internet in the past 10 days have formed a strong relationship with the outbreak of Cambrian performance:
1.ChatGPT Enterprise Edition Release(August 29): OpenAI announced customized AI services for enterprises, directly driving the demand for cloud computing power. Cambrian MLU370-X8 acceleration card can support training of 100 billion parameters.
2.Huawei Ascend 910B chip exposed(September 1): The competition for domestic AI chips is getting fierce. Cambrian has achieved a 3-fold increase in computing power density through a 7nm process breakthrough, and its performance is comparable to that of Nvidia A100 in some scenarios.
3.Beijing releases AI computing power coupon policy(August 25): The government subsidizes enterprises to purchase computing power services, and Cambrian, as a company in the Chinese Academy of Sciences, is expected to gain more than 30% of the local market share.
3. Forecast of future development trends
| Areas of Opportunity | Potential Scale (2025) | Cambrian Technology Reserve |
|---|---|---|
| Intelligent driving chip | 80 billion yuan | MLU220-M.2 car module |
| Edge computing | 35 billion yuan | Siyuan 220 edge end chip |
| AI big model training | 120 billion yuan | MLUarch03 architecture |
Analysts believe that as AI applications penetrate from the cloud to the terminal, the advantages of Cambrian's "cloud edge" full-stack layout will gradually emerge. The "Zuanbrain Ecology" jointly built with Inspur has gathered more than 500 partners, and is expected to achieve revenue exceeding 300 million yuan in 2023. But we need to be wary of the suppression effect of international competitors such as Nvidia H100 and AMD MI300.
Conclusion:Cambrian's leap in performance confirms the possibility of breakthroughs in domestic AI chips. Against the backdrop of the AI big model arms race, chip autonomy has risen to a national strategic height. Although it still faces profit problems in the short term, its technological iteration speed and ecological construction capabilities are promoting China to occupy an important seat in the global AI chip landscape.
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