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Caixin Global
Caixin Global

Tech Brief (March 13): China Plans to Accelerate AI Legislation

Cambricon swings to profit

Cambricon Technologies Corp. Ltd. reported a net profit of 2.1 billion yuan ($306 million) for 2025, rebounding from a net loss of 452 million yuan in 2024, according to its annual report released Thursday. Revenue surged 453.2% year-on-year to 6.5 billion yuan. The artificial intelligence chipmaker plans to distribute a cash dividend of 15 yuan per 10 shares and issue 4.9 additional shares for every 10 shares held by shareholders, using its capital reserve.

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