Aug 14 - Cambricon issued an "Abnormal Stock Price Fluctuation Announcement," noting its stock price saw a cumulative deviation of 30% in closing gains over three consecutive trading days (Aug 12-14).
Cambricon stated that after self-inspection and verification with controlling shareholders and actual controllers, as of the announcement date, there are no major unannounced matters. Operations remain normal with no significant changes.
It also warned that recent online claims about the company—including large substrate orders from a manufacturer, revenue forecasts, new product details, sample deliveries, potential clients, and supply chain info—are misleading falsehoods. Investors are advised to make rational decisions and note risks.
Earlier reports showed Cambricon’s stock surged over 10% on Aug 14 to a new high, hitting 985 yuan intraday (market cap exceeding 400 billion yuan). It closed at 949 yuan, with a total market cap of 397 billion yuan.
ICgoodFind: Cambricon clarifies misinformation; investors should judge cautiously amid price swings.
