Cambricon Sets Ambitious Revenue Targets, Announces Employee Stock Grant

Cambricon, a Shanghai-listed company, has set a new revenue target of more than 13.5 billion yuan for 2026 and 40.5 billion yuan for 2026 and 2027 combined, marking a nearly 20-fold increase from its previous three-year plan. To incentivize its workforce, the company plans to grant 5 million restricted shares, equivalent to 0.8% of its total share capital, at 750 yuan per share. This initiative covers over 85% of its 1,107 employees, including board directors, senior executives, core technical personnel, and mid-level managers. Shares will be granted upon achieving the set milestones. As of Wednesday’s market close, Cambricon shares traded at 1,146.90 yuan.