Cambricon Technologies, a top Chinese AI chip designer, reported its full-year 2024 and first quarter 2025 earnings, revealing a sharp turnaround. After ending 2024 with losses, the company posted its first-ever profit in the fourth quarter and followed it with a breakout first quarter in 2025, with revenue skyrocketing to CNY1.111 billion (US$152.3 million)—a year-over-year increase of 4,230%. It marked Cambricon’s second straight quarter in the black.