Cambrian, a leading domestic AI chip enterprise, has announced that its private placement plan of approximately RMB 4 billion has been approved by the Shanghai Stock Exchange. This substantial funding will be allocated to the R&D of chips and software platforms related to large AI models, in addition to replenishing the company's working capital. Cambrian, often referred to as the domestic counterpart of NVIDIA, shares a similar focus on AI cards with its American counterpart. Recently, Cambrian's share price has skyrocketed, pushing its market value beyond RMB 400 billion.

Financial reports indicate that Cambrian's revenue and net profit witnessed significant growth in the fourth quarter of 2024. In the first quarter of 2025, revenue surged by over 42 times year-on-year, with net profit attributable to shareholders increasing by 256.82%. Notably, the company's non-deductible net profit turned positive for the first time. Cambrian's core business encompasses cloud product lines, edge product lines, IP licensing, and software services, positioning it as a key player in the domestic AI chip market.