Cambrian Turns Profitable and Removes ST Label! One Chart Summarizes 23 Companies Delisting from "U"

Since listing on the STAR Market in July 2020, Cambrian, known as the “First Chinese AI Chip Company,” has achieved its first profitable year after going public. Additionally, the company’s stock abbreviation will remove the “U” label for unprofitable companies, becoming the 23rd company on the STAR Market to do so.

On the evening of March 12, Cambrian announced “First Profit Achievement and Removal of ‘U’ from Stock Abbreviation,” reporting a net profit of 2.059 billion yuan attributable to shareholders of the parent company for 2025. After excluding non-recurring gains and losses, the net profit attributable to shareholders was 1.77 billion yuan.

Both the net profit attributable to the parent company and the non-recurring profit for 2025 are positive, meeting the criteria of “a company that was unprofitable at listing but first achieved profitability.” The company’s A-shares will remove the “U” label on March 16, 2026, and the stock abbreviation will change to “Cambrian.”

Data shows that since the market opened, the STAR Market has supported 61 companies that were unprofitable at the time of listing, including Cambrian, with 23 successfully removing the “U” after listing. In addition, as the annual report season begins, five companies—BeiGene, OBi Zhongguang, Nuocheng Jianhua, Beixin Shengming, and Jingjin Electric—are expected to also remove the “U,” bringing the total number of STAR Market companies that have removed the “U” to 28.

Industry-wise, these companies that have removed the “U” cover strategic emerging fields such as artificial intelligence, biomedicine, new energy, and high-end medical devices, representing the forefront of China’s tech industry breakthroughs. After initial high-intensity R&D investments, they have accumulated core technologies, relying on major national projects and key research initiatives to overcome critical core technologies, ultimately achieving product commercialization and volume growth, leading to performance breakthroughs.

(Source: Dongfang Caifu Research Center)