Highlights

Recently, Cambricon Technology emerged as the new leader in the A-share market by surpassing Kweichow Moutai's stock price and reaching an impressive 1,462.85 RMB per share. This marks a significant milestone for the company and highlights its financial growth and potential. Cambricon's remarkable achievement is backed by an extraordinary 4,347.82% increase in revenue for the first half of 2025 and a return to profitability.

Sentiment Analysis

• The market sentiment towards Cambricon's recent performance is overwhelmingly positive.
• The company's impressive financial turnaround and strategic advantages have buoyed investor confidence.
• Significant attention is being paid to factors such as increased research and development and government support for AI integration.

Article Text

Cambricon Technology recently made headlines by overtaking Kweichow Moutai as the stock with the highest price per share in the A-share market. On August 27th, Cambricon opened with a positive trend, climbing by nearly 4% and continuing to rise throughout the day. By the end of trading, its share price had reached an impressive 1,462.85 RMB, surpassing Moutai by a small margin but marking a significant achievement.

The financial success of Cambricon is underscored by the company's half-yearly report for 2025, which showed a staggering 4,347.82% year-over-year increase in revenue. During the same period, the company moved from a net loss of 5.3 billion RMB in the previous year to a net profit of 10.38 billion RMB. This financial turnaround is credited to enhanced revenues from diverse chip platforms and elevated investments in research and development. Furthermore, the recent Goldman Sachs report that raised Cambricon's target price by 50% to 1,835 RMB further highlights the market's faith in its growth trajectory.

Notably, the sector's positive outlook for AI technology acts as a catalyst for Cambricon’s stock valuation. Government initiatives aim to integrate AI with six core areas by 2027, which fuels optimism about future growth in this space. Historically, the position of the most expensive A-share has frequently changed, with previous leaders facing steep price declines. Life in the top price echelons has proven challenging, as previous contenders like China Shipbuilding and Full Education temporarily outperformed Moutai but could not sustain their positions. Cambricon and Moutai are currently the only A-shares priced above 1,000 RMB.

Key Insights Table