Cambrian main business doubled by 202 1. 15 On the evening of April, Cambrian released the 202 1 annual report. The annual revenue of 202/kloc-0 is 72 1 10,000 yuan, up by 57. 12% year-on-year, and the main business is doubled to CAMBRIAN 202 1.
Cambrian main business 202 1 doubled and increased 1. April 2022 15, CAMBRIAN (688256. SH) Publish the annual report of 202 1. The report shows that in 20021year, the company achieved operating income of 72 1 10,000 yuan, up 57. 12% year-on-year, and the comprehensive gross profit margin was 62.39%, which was basically the same as that of the same period of last year. Among the operating income, smart chips and accelerator cards contributed 265,438+0.5 million yuan, an increase of 65,438+0.065,438+0.065,438+0.0% over the previous year.
In addition, the report shows that during the reporting period, the company has also made certain achievements in market development. During the reporting period, the gross profit was 449,894,600 yuan, an increase of 49.94% over the previous year.
In terms of new products, the report shows that Siyuan 370 is the third generation cloud product of CAMBRIAN, which adopts TSMC's 7nm advanced process technology and is the first artificial intelligence chip adopting Chiplet technology in CAMBRIAN.
The maximum computing power of Siyuan 370 intelligent chip is as high as 256TOPS(INT8), which is twice that of Siyuan 270, the second generation cloud reasoning product of Cambrian. At the same time, Siyuan 370 chip supports LPDDR5 memory, and the memory bandwidth is three times that of Siyuan 270, so it can allocate more energy to artificial intelligence chips within the limited power consumption range of the board and output higher computing power.
Siyuan 370 smart chip adopts the advanced Chiplet core technology, supports the flexible combination of cores, and realizes the commercialization of various smart accelerator card products with only one piece of tape. At present, the company has launched three acceleration cards: MLU370-S4, MLU370-X4 and MLU370-X8, which are deeply suitable for domestic mainstream Internet vendors.
Cambrian main business doubled by 202 1. On the evening of April 15, the CAMBRIAN released its annual report. In 20021year, the annual revenue was 72 1 billion yuan, up 57.12% year-on-year; The loss was 825 million yuan. In 2020, the loss amount was 435 million yuan, and the loss amount increased by 89.66%. The amount of no-loss deduction is as high as 1 1. 1 100 million yuan. Chip is a capital-intensive industry with high-tech characteristics. The high R&D investment makes CAMBRIAN's own profitability worrying. The accumulated losses in the past five years have exceeded 2.8 billion yuan, and there will be the risk of continuous losses.
In CAMBRIAN, regardless of the cost, the average salary of R&D exceeded 600,000.
With the loss of 2002/kloc-0 increasing by 390 million yuan, CAMBRIAN pointed out that it is necessary to ensure the high-quality iteration of smart chip products and basic system software platforms, maintain technological leadership in the highly competitive market, continuously increase R&D investment, actively introduce outstanding talents, and maintain the stability of the company's R&D team. During the reporting period, R&D expenses increased significantly. 202 1, R&D investment reached11350,000 yuan, a year-on-year increase of 47.8%, and R&D investment accounted for 157.5% of revenue.
Income cannot cover R&D investment. It can be seen that R&D was carried out at no cost in Cambrian, and the salary of R&D personnel was even more amazing. According to the data of the annual report, the salary payable to employees in 20021.91.80 billion yuan, up by 4 1.75% year-on-year. It should be pointed out that the number of Cambrian employees was 1.497, and the average salary was 1.28 million yuan, but the average salary of R&D personnel exceeded 600,000 yuan.
As of February 202 1, 65438+3 1, the size of Cambrian R&D team was 12 13, accounting for 8 1% of the total number. The total salary of R&D personnel is 738 million yuan, and the average salary is 608,800 yuan. In 2020, the average salary of R&D personnel will be 40,000 yuan. Due to the scarcity of chip design talents, in order to attract high-end talents in the industry and stabilize the R&D talent team, the average salary of R&D personnel increased by 34.48% compared with the same period of last year.
Of course, the high R&D investment is to maintain advanced technology and market competitiveness, which is the core driving force for its income growth. 202 1, revenue increased by 50% year-on-year.
Behind the strong revenue growth, single customer revenue accounted for over 60%.
It seems that TV viewing is growing strongly, but unfortunately, it relies on a single customer. In 20021year, the income from intelligent computing cluster system in CAMBRIAN was 456 million yuan, up 39.9% year-on-year, accounting for more than 60% of the total income. This income mainly comes from the Kunshan Intelligent Computing Center project.
In February, 2002 1 and1,CAMBRIAN signed an equipment procurement contract with Jiangsu Kunshan High-tech Industry Investment and Development Co., Ltd. for the infrastructure construction project of intelligent computing center, with the tax amount of 508.9 million yuan. It mainly provides software and hardware products including intelligent accelerator, computing server and artificial intelligence computing platform software.
It is worth mentioning that the Kunshan Intelligent Computing Center project contributed 450 million yuan to the Cambrian, accounting for 63. 19% of the company's operating income in 20021year. In other words, a customer supports the CAMBRIAN intelligent computing cluster business segment, which is also the core of supporting the entire company's revenue. The revenue scale of other business segments is not bright, especially cloud product lines, IP licensing and software, and other business revenues are facing a downward trend.
You should know that CAMBRIAN chip track is the base camp of many chip manufacturers such as Intel, NVIDIA and ARM. Compared with these chip giants, there is a big gap in the overall scale, financial strength and R&D reserves of Cambrian.
In particular, NVIDIA is the global leader in artificial intelligence chips, and global technology giants rely on NVIDIA to develop AI technology. Global technology giants, including Microsoft, Google and Meta, all rely on their GPUs to train AI, which has boosted the market demand for AI in NVIDIA. Driven by hyperscale and cloud expansion, the revenue of NVIDIA data center department continues to record, and it is expected to replace games as the largest business department.
NVIDIA has shown strong competitiveness in the markets of cloud computing, enterprise and edge data centers, supercomputing and so on. For CAMBRIAN, artificial intelligence chip products are mainly used in various cloud servers, edge computing devices and terminal devices.
At present, chips such as cloud reasoning module 270, edge reasoning module 220, cloud training module 290 and push training integration module 370 have been introduced. Its cloud smart chips and accelerator cards have been deeply cooperated with many business departments of domestic head Internet vendors, including Alibaba.
Among cloud products, Siyuan 370 was introduced in Cambrian. With 7nm process technology and the latest smart chip architecture MLUarch03, the maximum computing power of Siyuan 370 smart chip is as high as 256TOPS(INT8), which is twice that of Siyuan 270, the second generation cloud reasoning product of Cambrian. Three acceleration cards (MLU370-S4/X4/X8) have been listed, and their adaptation performance in visual, voice and graphic recognition scenarios has exceeded customers' expectations, and some scenes have entered the stage of small batch sales.
In the financial field, the measured performance of MLU370-X4 in several business scenarios of China Merchants Bank exceeds that of competing products, which can greatly improve the efficiency of customers. Only the CAMBRIAN cloud product line was in a downturn, with 202 1 revenue of 80.23 million, down 6.98% year-on-year.
The fastest growing sector is the marginal product line. In 20021year, Siyuan 220 smart chip and edge smart accelerator card achieved rapid growth in shipments, with revenue of 65438+75 million yuan, a substantial increase of 74 1% year-on-year. It is the first product with an annual shipment of nearly one million pieces in Cambrian.
Cambrian main business doubled by 202 1. 16 on April 6, CAMBRIAN, a listed company of A shares, released its 20021annual financial report on April 6, 20265438. The financial report shows that the CAMBRIAN revenue was 72 1 10,000 yuan, an increase of 57 1 compared with 458.9 million yuan in the same period in 2020. The annual net loss was 824.9 million yuan, an increase of 89.86% compared with the net loss of 434.5 million yuan in the same period in 2020.
From the main business, CAMBRIAN smart chip and accelerator card business contributed 210.5 million yuan, and intelligent computing cluster system business realized 456 million yuan.
However, from 20 17 to 202 1 year, the CAMBRIAN has suffered losses for five consecutive years, with a cumulative loss of 2.86 billion yuan.
CAMBRIAN also analyzed three reasons for the unrealized profit so far in the financial report:
First, in order to maintain the technological leading edge in the highly competitive market, the CAMBRIAN continued to increase R&D investment, actively introduced outstanding talents, and maintained the stability of the company's R&D team. During the reporting period, R&D expenditure increased significantly. 202 1. 1.357 billion yuan, a year-on-year increase of 47.83%;
Second, the equity incentive plan implemented in late 2020 and 20021year of Cambrian led to a substantial increase in the share-based payment fees apportioned during the ownership period in this reporting period. It increased by 1669.97% compared with the same period of last year.
Third, actively carry out marketing and ecological construction in CAMBRIAN, provide customers with quality services, accumulate brand effects and sell them.
Sales expenses have increased to a certain extent, with an increase rate of 58.98%.
In 202 1 year, CAMBRIAN continued to advance in three businesses:
In terms of hardware, they released Siyuan 370 smart chip and accelerator card based on the fourth generation intelligent processor microarchitecture. In terms of software, the company has invested a lot of resources to optimize the basic system software platform, and the unified software platform is improving day by day; At the same time, the research and development of a new generation of products and intelligent driver chips are also being carried out in an orderly manner.
202 1, the CAMBRIAN also established a holding subsidiary, Xingge Technology, to carry out research and development and productization of intelligent driving chips. While independently financing, the company also obtained strategic investments from Weilai, SAIC and Contemporary Ampere Technology Co., Ltd.. Up to 202 1, 65438+2, 3 1, xingge technology has more than 80 employees, about 90% of whom are R&D personnel.
2021* * More than 200 senior experts and young employees joined the Cambrian. By the end of 20021,the Cambrian * * had R&D personnel 12 13, an increase of 24.03% compared with 978 in the same period in 2020.
At the same time, CAMBRIAN also said that due to the scarcity of chip design talents, in order to attract high-end talents in the industry and stabilize the R&D talent team, the average salary of R&D personnel in 20021year also increased compared with the same period of last year, from 452,700 yuan in 2020 to 608,800 yuan in 20021year.
That is to say, the average monthly salary of R&D personnel in Cambrian 202 1 year exceeded 50,000 yuan, reaching 50,700 yuan.
Among them, the annual salary of founder, chairman and CEO Chen is 65,438+0,036,5438+0, that of 900 yuan and Wang Zai is 65,438+0,544,000 yuan, that of deputy general manager Liu is 65,438+0,338, and that of 600 yuan and CFO Ye is 65,438. The highest salary among these executives is Liang Jun, the former CTO of the company. His annual salary of 202 1 is as high as 3,958,500 yuan.
Unfortunately, however, Liang Jun left office in 2022.
Liang Jun announced his resignation on the evening of March 6, 2022. He submitted his resignation application on June 1 2022, and tried to keep him in the Cambrian, but ultimately failed.
Cambrian landed in A shares on July 20th, 2020. The first day of listing rose by nearly 290%, and the market value once exceeded 654.38+000 billion yuan, and the closing price of the day was 265.438+02.4 yuan. But at present, its share price is only 56.26 yuan, which has fallen below the issue price, and its current market value is only 22.55 billion yuan.
As the first AI chip of the science and technology innovation board, whether the future losses of CAMBRIAN can be reduced and finally profitable is the ultimate test they face.