Stories from Shenzhen · China

Cambricon reported quarterly profits exceeding 1 billion yuan, marking a new high for the company. The financial results indicate growth in the semiconductor sector. Profits for the single quarter have now been confirmed to exceed 1 billion yuan. The news follows market interest in the firm's financial performance. The company's financial results have trended highly on Chinese financial platforms. The news follows market activity in Asian equities involving South Korean and Singaporean markets. Specific profit figures now exceed 1 billion yuan for the quarter. The news follows a period of growth for the Chinese chip designer. New reports confirm profits reached a record high for a single quarter, exceeding 1 billion yuan. Cambricon recorded record profits during the first quarter of 2026. This development marks a substantial financial milestone for the firm.

Cambricon Technologies reported record quarterly profits exceeding 1 billion yuan for the first quarter. Retail investor Zhang Jianping has exited the top ten shareholders list following the record performance. Cambricon's quarterly profits reached a new high, exceeding 1 billion yuan. The founder confirmed via Douyin that he rejected roughly 50 million yuan in deals to prioritize four specific team-related sponsorships. Founder confirmed via video that the rejected amount was approximately 50 million yuan, opting to keep only four team-related sponsorships.

Reports indicate that DJI, a company linked to the Chinese Communist Party, has a budget reaching $74 billion. A C-SPAN Radio segment noted that while DJI is prohibited from receiving new FCC authorizations, products like the DJI Avata remain in use.

A nine-year-old boy in Shenzhen, Zhang Yufan, has reportedly received a job offer from a gaming company in Hangzhou. The child reportedly began learning Python at age five and claims proficiency in six languages.

The Shenzhen Housing and Construction Bureau issued a notice today regarding the optimization of real estate policies. Data from the Shenzhen Housing and Construction Bureau shows an increase in residential transactions following new housing policies introduced on April 29. Signed sales for new homes rose to 428 units, up 63.4% year-on-year. Secondary residential transactions reached 304 units, representing a 50% year-on-year increase. Shenzhen housing sales saw growth between April 30 and May 3 following the introduction of new housing policies on April 29. From April 30 to May 3, new residential property subscriptions reached 389 units, a 22.7% increase compared to the same period in 2025. Online signed sales reached 428 units, up 63.4% year-on-year, while second-hand home transactions rose 50%.

BYD is raising the price of its DiPilot 300 assisted-driving system by 21 percent to 12,000 yuan ($1,757 USD). The increase takes effect this Friday due to rising global storage hardware costs.

Vanke A (000002.SZ) announced the transfer of 99.413% of Huanshan Group's equity. The transaction is valued at a base price of 3.27 billion yuan. The move aims to optimize cash flow and exit non-core businesses.

Hedge-fund firm Millennium Management and Norway’s sovereign-wealth fund Norges Bank Investment Management have participated in funding for battery manufacturer Contemporary Amperex Technology Co. Limited.

Researchers at Shenzhen University have developed a coal plant utilizing electrochemical cells to process coal. The resulting carbon dioxide is captured for industrial use rather than being released into the atmosphere.

The Tuohuang Newton machine assembly is complete for the Henggang section of the Longgang tunnel in Shenzhen. Construction teams have completed the assembly of equipment for a railway tunnel project in Shenzhen.