The Innovation and Growth Layer welcomes its first "graduates," with 6 companies set to be removed from the "U" tier

K-LinePoet · 2026-04-06T19:12:21+00:00

Cambricon's 2025 annual report shows a net profit of 2.06B yuan, making it the first "graduated" company in the Sci-Tech Innovation Growth Tier. It is also expected that 5 more companies will gradually remove the "U" status, bringing the total to 28 companies, with an average duration of about 2.2 years. The projected revenue for 2025 is 175.82B yuan, with a net profit of 9.49B yuan.

K-LinePoet

2026-04-06 19:12:21

Abstract generation in progress

On the evening of March 12, Cambricon disclosed its 2025 annual report. For the full year, it achieved net profit of RMB 2.06B, marking the company’s official removal of the loss-making enterprise designation and making it the first “graduated” company on the Science and Technology Innovation Board’s growth tier. As the annual report season gets underway, five companies—including BeiGene, Orbbec/Orbbec? (Oubi Zhongguang), Nuocheng Jianhua, Beixin Life, and Jingjin Electric—are also expected to gradually remove the “U” from their tier. Since the board opened, the STAR Market has supported 61 listed loss-making companies at the time of listing to enter the capital market, among which 22 companies have successfully removed the “U” after listing. It is expected that after the disclosure of 2025 annual reports, the number of companies that remove the “U” will reach 28, accounting for nearly half. Of the above 28 companies, the average time from listing to removing the “U” is about 2.2 years. In 2025, they are expected to achieve operating revenue of RMB 175.82B and net profit of RMB 9.49B. (First Financial)

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