Cambrian 2021 net loss of 825 million yuan, an increase of 89.86%

According to the Cambrian, as of December 31, 2021, the company had not made a profit, mainly because the complex computing chips designed by the company needed a large amount of continuous R & D investment. At the same time, the equity incentive plan implemented by the company at the end of 2020 and 2021 led to a significant increase in the share based payment expenses apportioned according to the vesting period in the reporting period. In addition, as the market and downstream application scenarios of smart chips are in the stage of rapid development, the company actively makes efforts to market promotion and ecological construction, provides high-quality services to customers, accumulates brand effect, and the sales expenses have increased to a certain extent.

The financial report shows that during the reporting period, the total investment in Cambrian R & D was 1.136 billion yuan, a year-on-year increase of 47.83%.