The revenue in the third quarter of Cambrian was 31.3428 million yuan, down 66.15% from the same period last year.

According to news from CTOnews.com on October 28, Cambrian, an artificial intelligence chip company, released its third-quarter report that its operating income was 31.3428 million yuan, down 66.15% from the same period last year. The net loss of its parent was 263 million yuan, compared with a loss of 322 million yuan in the same period last year.

From January to September, the revenue was 146 million yuan, down 44.84% from the same period last year; the net loss was 808 million yuan; and the R & D investment was 717 million yuan, down 25.55% from the same period last year.

CTOnews.com noted that for the sharp decline in revenue, Cambrian said that it was mainly due to the influence of the supply chain, and the company adjusted its sales strategy to give priority to serving customers with higher gross margin and good credit, resulting in a decline in operating revenue in the current period.

As of September 30, 2023, the Cambrian had repurchased 124440 shares through the Shanghai Stock Exchange trading system through centralized bidding, accounting for 0.03% of the company's total share capital of 416594451 shares. The highest price of the repurchase transaction is 129.00 yuan per share, the lowest price is 127.97 yuan per share, and the total amount paid is 16017593.94 yuan.