Hygon Information and Cambricon Report Strong Q3 Earnings Growth, but Share Prices Unmoved

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2026-10-28 12:21:05 Source: Caixin.com Author: Ge Haoyue Editor: Guan Cong

Related Reports: Cambricon's First-Half Net Profit Doubles Year-on-Year, Revenue Growth Slows Quarter by Quarter; Cambricon's 2025 Net Profit of 2.06 Billion Yuan Turns Losses into Profit, Revenue Growth Falls to 4x; Hygon Information Terminates Merger with Sugon, Merger Had Been Planned for Half a Year; Largest Domestic Computing Power Merger Completed, Hygon Information and Sugon Merge Through Share Swap; Hygon Information's 2022 Revenue Up 121.8% Year-on-Year, Third-Generation CPU Sold in Small Batches

[Caixin.com] AI is driving the expansion of intelligent computing demand, and domestic computing power chip makers Hygon Information (688041.SH) and Cambricon (688256.SH) posted high earnings growth, but this did not lift their share prices. The two companies recently disclosed their third-quarter reports one after another: Hygon Information's revenue for the first three quarters grew 57.58% year-on-year, while Cambricon's grew 106.76% year-on-year, yet neither could reverse the share price decline since July, with both companies' share prices having retreated more than 40% from their intra-year highs.

At the close on October 27, Hygon Information was at 187.03 yuan, down 5.54% that day, with a total market value of 434.7 billion yuan; Cambricon was at 912.98 yuan, down 5.68%, with a total market value of 574.1 billion yuan. On October 28, major A-share indices rose collectively, and both companies' share prices rebounded somewhat in early trading.

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