Cambricon Launches 2026 Restricted Stock Incentive Plan with High Growth Targets

Cambricon has released its 2026 restricted stock incentive plan, proposing to grant 5 million restricted shares to incentive recipients, representing 0.80% of the company's total share capital, at a grant price of RMB 750 per share. The initial grant covers 4 million shares, involving 945 incentive recipients, approximately 85.37% of the company's total employees. A reserve of 1 million shares is set aside, with the assessment years being 2027 to 2028.

The incentive plan sets differentiated performance assessment requirements for different categories of recipients. For the first category, the assessment years are 2026 to 2028, with company-level performance targets as follows: 2026 revenue of no less than RMB 13.5 billion, cumulative revenue for 2026-2027 of no less than RMB 40.5 billion, and cumulative revenue for 2026-2028 of no less than RMB 100 billion. The second and third categories of recipients have assessment years of 2027 to 2028. The third category additionally sets assessment targets based on net profit after deducting the impact of share-based payments in 2025: net profit growth rate of no less than 300% in 2027 and no less than 500% in 2028. The incentive plan will vest in batches over approximately the next four years, with specific vesting ratios determined based on individual performance assessment results.

Cambricon was founded in 2016 by Chen Yunji and Chen Tianshi and listed on the STAR Market in 2020. The company early developed the world's first prototype chip for deep learning processors, and in 2017 its processor was used in Huawei's artificial intelligence smartphone chip. Subsequently, Cambricon shifted to a full-scenario layout covering cloud, edge, and end devices. In 2024, the company launched the Siyuan 590 chip. According to the company's 2025 annual report, Cambricon's 2025 revenue reached RMB 6.497 billion, up 453.21% year-on-year, with net profit attributable to shareholders of RMB 2.059 billion, marking its first profitable year. As of July 2026, the company's market capitalization exceeded RMB 700 billion.