Earnings Alerts

Cambricon Technologies Lt (688256) Earnings: 1H Net Loss of 530.1M Yuan Amid 64.8M Yuan Revenue

  • Net Loss: Cambricon faced a significant net loss of 530.1 million yuan in the first half of 2024.
  • Revenue Figures: The company’s revenue stood at 64.8 million yuan for the same period.
  • Loss Per Share: The loss translates to 1.27 yuan per share.
  • Analyst Ratings: Among analysts, there are 7 buy ratings, 1 hold rating, and no sell ratings.

Cambricon Technologies Lt on Smartkarma

Analysts on Smartkarma, such as Travis Lundy and Brian Freitas, have been closely monitoring Cambricon Technologies Ltd. Lundy’s report titled “Mainland Connect NORTHBOUND Flows” highlights bearish sentiments as he notes heavy net selling of A-shares in recent weeks, particularly in sectors like Consumer Staples and Tech. Conversely, Freitas’ report “SSE50 Index Rebalance Preview” takes a more bullish stance, indicating potential positive changes in the index with estimates of significant turnovers and outperformance by potential additions. These contrasting views provide investors with a broad spectrum of insights to consider when evaluating investment opportunities related to Cambricon Technologies Ltd.


A look at Cambricon Technologies Lt Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Cambricon Technologies Lt’s long-term outlook, as indicated by the Smartkarma Smart Scores, appears promising. With a strong resilience score of 5, the company is well-positioned to weather challenges and market fluctuations. This resilience is supported by a high momentum score of 5, indicating positive market sentiment and potential for future growth. Moreover, a growth score of 3 suggests that Cambricon Technologies Lt is on a trajectory for expansion and development in the industry.

While the company scores lower in value and dividends with scores of 2 and 1 respectively, the overall outlook remains positive. Cambricon Technologies Corporation Limited, known for its range of software products including intelligent processors and computing systems, is poised to leverage its innovation and technology to drive long-term success and establish itself as a key player in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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