nba’s frontline female anchor Zhang Manyuan profile Sanwei Weibo private photos

nba’sfrontlinefemaleanchorZhangManyuanprofileSanweiWeiboprivatephotos Recently,thebasketballcirclefinallyusheredinanewnetredgoddessanchorZhangManyuanwhocombinesfacevalue,figureandwisdom.Itwillalwaysbeamomentfordomesticbasketballfanstoturnfans,andevenHarden,CurryandotherNBAstarshavealsofallenforit.  Afewdaysago,YangYitookaphotowithHarden,andamysteriouswomanappearedinthephoto.Manypeoplewereattractedbyherfacevalueandbody.Sowhoisshe?ManypeoplemusthaveblackquestionmarkfacesintheirheartsNomoreselling,sheistheNBA’sfrontlinelocationhostZhangManyuan(Weibo@MAYA张曼源)ZhangManyuan’sprofileZhangManyuanSinaWeiboAddress:http://u/2157399004Birthday:April13From:BeijingOccupation:NBAFrontLocationhostSanWai:885985Major:BeijingSportsUniversityDepartmentofSportsandMediaInadditiontothehost’sjob,ZhangManyuanhasalwaysbeenagirlwhoespeciallylikessportsinherlife.Itisdefinitelynotavaseineveryone’smind.Herfavoritesportsareverybroad.,Fitnessinthegym,surfinginthesea,sweatingonthefootballfield,manysportshobbiesalsoshapedherperfectfigure,plusaprouduppercircumference,willdefinitelyleteverymalefanofherseeHerbloodisspoutingandsheissaidtohaveparticipatedinamodelcontest.  ClickonthesecondpagetowatchZhangManyuan’spersonallifeprivatephotos,sexybeautyphotos,curves,extendedreading:NBAfrontlinebasketballgoddessChenMeinan’sheightprofileWeibophotosprevious12next

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After Sun Jiayu killed, goodbye Wang Zijian almost wept

AfterSunJiayukilled,goodbyeWangZijianalmostwept SunJiayuandWangZijian.  From”ZhuShanshen’sCorrectionofLove””ZhuShanshenSimple”to”ZhuShanshenCute”.SincetheTVdrama”AnJia”(picturedright)started,ZhuShanshen’speoplehavesetupseveralhotsearchesinsuccession,andeachtimehasbeenreduced.Audience.  Inthefaceofsuchacutegirlwhowasspoiledandraisedsincechildhood,somenetizensquestionedwhetherherpersonalsettingwasreasonable.”Althoughherfamilyconditionsarenotverygood,shegrewupsurroundedbylove,soshehasabitofwillfulnessandoccasionallyTantrumscanbeverykindinnature.”Notlongago,inaninterviewwithSaunaandYewang,SunJiayusaid.  Don’tlookatZhuShanxuanintheplayisanauthenticShanghainese,butheractorSunJiayuisaXi’angirl,”Iamactuallyanortherner.”Inordertoappearin”AnJia”,SunJiayualsospeciallyinvitedateachertolearntospeakShanghainese.  ThemostregretfulthingisthatZhuShanxundidn’twearitasastunningperformer,andlearningShanghaidialectisthefoundation.Whilestillinthelastscriptgroup,SunJiayubegantopreparefor”ZhuShanxuan”,”MylastcrewwasinSuzhou,veryclosetoShanghai.TeachersteachingShanghaidialectwilltaketimeout,mainlytoteachsomebasicdailyreasonableand.”SunJiayualsoinvitedfriendsfromShanghaitoSuzhoujusttoobservehowShanghaigirlsgetalongandinteract.  However,shefeltthatshecouldnotsimplytreatthespeechwithanendingasShanghainese,”Ofcourse,theremustbesomeShanghaiaccentsandthecutenessofShanghaigirls,buteverythingisbasedonZhuShanxuan,Insteadofasimplegeographicaldivision,nooneshouldhaveastereotypeofpeopleinacertaincity.”BecausesheisanativeofShanghai,andshedoesn’tneedtorentahouse,ZhuShanxuanalwaysgivespeopleafeelingofnotworkingsohard,butinSunJiayu’sview,shehasalwaysbeenveryambitious,”includingthepreviousperiodshealwayswatchedbeautyvideos.It’snotbecauseshedidn’tworkhard,herabilitymightnotwork,andshewouldworryaboutit.Watchingbeautymakeupvideosisalsoawaytoeaseherworries.”Ofcourse,SunJiayualsohasregrets.”WhenIsawthescript,IfeltthatZhuShanxuanshouldbeveryfashionable.Evenatfirstglance,therewassomeaura,whichwasincontrasttotheinnersimplenessandkindnessandthelackofabilityintheworkplace.Dressingsimplebutrealaction,contrastingwiththestrongbusinessabilityofFangSijin.Butafterenteringthegroup,IfoundthatyouwantZhuXianshuangtobemorecute,sonowIseethatmostofZhuXianshuang’sdressesarebiasedtowardscuteandsimpleprofessionaloutfits.”AfterseeingWangZijianforthefirsttimeafterkillingQingQing,healmostcriedseveralactorsfrom”Anjia”inthestore.Manyofthemwereimprovised,includingthedailyinteractionbetweenSunJiayuandWangZijianintheplay,”Whensuchastoremanagersaidtome,IwillsubconsciouslyhideafterWangZifitness,hesteppedforwardagain,blockingmeinfront.Coupledwithlife,ZhuXianshuangwillonlyshouldershoulderswithWangZijian.”Shesaidthatafter”Anjia”wasbroadcast,manyviewerstookscreenshotsofthesesmalldetailsandmergedthemovingpictures.Seeingthathersmalldesignwasdiscoveredbynetizens,itmadeherveryhappyandsatisfied.  And”AnJia”alsoturnedseveralactorsintogoodfriends.”Afterthisdramakillsus,wemeetagainforthefirsttime.Afteralongdistance,JianandIsuddenlystoppedafterseeingeachother.Atthattime,Iwasalmostcrying.”AtthattimewealsosaidthatthedayoftheshowshouldbeorganizedtomeetYunandcrytogether.”Atthemomentoftheinterview,manynetizenswerediscussingtheemotionaldirectionof”ZhuShanshuang”and”WangZijian”intheplay.SunJiayusaidthatshelikestowatcheveryone’sguessesmost,”NetizensoftenpostalotofuglypicturesofWangZijianonmyWeibo,Ilookatthecommentsnow,mainlytoharvesttheuglypictures,andthenpicktheugliestones.”InAugust,SunJiayu,whoreceivedsmallwoolensocksfromSunLiinAugustlikessmallanimals,actuallystartedtofollowSunLiveryearly,andregardseachotherasanidol.”Ihavealwaysbeenconcernedabouttherescueofstraycatsanddogs.KnowingthatSisterLihasbeendoingthis,Ifeelthatshelooksgood,shelooksgoodinacting,andrescuessomanysmallanimals.”Whenshooting”AnJia”,SunJiayuwasembarrassedtosaythistoSunLi,”butatthescene,Icouldn’thelpbutwanttoseeher,everytimeIpeekedather,shewasjokedbyJianGe.”SunJiayusaidthatheisalsoapersonwhoattachesgreatimportancetohealth,usuallygetupathalfpastfive,drinksometeaandsitstill.”ItwasShanghai’shottestAugustwhenIfilmedthisscene.Therewereonlytwopeopleonthescenewhodidn’tblowairconditioners,onewasLiJieandtheotherwasme.”SunJiayumoveddirectlytoShanghaifromthescriptgroupofthelastplay,”theupperplaywasfilmedinwinter,soIbroughtthickclotheswhenIenteredthegroup.Itwasalittlecoldinthefirstfewdaysofenteringthegroup.Ithappenedtowearadownjacketandcouldwrapmylegs.Later,whentheweatherbecamehot,everyoneturnedontheairconditioner.Ididn’texpectthedownjackettocomeinhandyagain.”ZhuShengxun’scostumesintheplayareveryshort,andhehastowearhighheels,soSunJiayuwearshighstockingseverytime,andtakesoffwhentheshootingstarts.”LadyLilatergavemeapairofwoolensocks,whichcanbeworndirectlyonhighheels,whichisparticularlyconvenient.”[LifeEvents]BeforeenteringthethirdyearoftheBeijingFilmAcademyinthethirdmajorcourseinthecountry,SunJiayubelievedthattheactorswereselectedbyscoutsontheroad,”Idon’tevenknowthereareartcolleges.”Allthechangestookplaceduringhersenioryearofhighschool.SunJiayuaccompaniedherclassmatestoalocalperformancetrainingclassinXi’an.Asaresult,shewasalsoleftindifferentlybytheteacher,andwenttothetrainingclasswithoutanydifficulty.Before,shedidn’tevendoskitexercises.Familymembersarealsounlikelytoapplyforactingasageneralhighschoolstudent.  ”Ididn’texpecttheexamtogosmoothly,andtheteacher’sfeedbackwasgood,soItoldmymomassoonasIcameoutoftheexamroom,IwasadmittedtotheFilmAcademy.”Intheend,SunJiayuwasadmittedtotheBeijingFilmAcademywiththethirdgradeinthenationalprofessionalclass.Afterwards,shestarredinworkssuchastheonlinedrama”RemainingSin”and”TheBestofUs”,andtheTVseries”HeSuoDongnuan,HeSuoliang”.SunJiayuoncethoughtitwasagoodthingtolookgood.”NowIthinktherearetoomanypeoplewholookgood.Everyonelooksgood.Ihaveanewpursuit.Foractors,theratioofappearancetoappearanceismoreimportant.”FreshQ&A”SaunaNightNet:Therearealotofscenesintheshowwearingtigerdollcostumes,isitveryhardtoshoot?  SunJiayu:Infact,everyoneisveryhard,everyoneiscarryinginthehotdays.  Mydoll’sclothesarereallythick,andtheflyersaredistributedoutdoors.Everytimetheclothesaretakenoff,thepersonissoaked.(Picturedbelow)Thepropteacheroriginallyplannedtospraysomesweatonme,buthetookoffthehoodandfoundoutthatnotonlydidhenotneedtospray,buthealsohadtoarrangehishair.  SaunaNightnet:DoyouthinkZhuShanxuanandWangZijianweretogetherlasttime,isitthebestendingforherrelationship?  SunJiayu:IthinkZhuShanxuan’slikeisthemostimportant.Itisthesameforallgirls.It’senoughtolikeit.  Collection/Sauna,courtesyofZhangKunyu,anartistfromYewang

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Cambrian Breakthrough: A high level of customer concentration expands scale due to R & D

CambrianBreakthrough:AhighlevelofcustomerconcentrationexpandsscaleduetoR&D OntheafternoonofMarch26,theShanghaiStockExchangedisclosedanewcopyofthescienceandtechnologyboardreplacemententerprise,andthesemiconductorcompanyZhongkeCambrianTechnologyCo.,Ltd.(hereinafterreferredtoas”Cambrian”)wasamongthem.Inthepastfewyears,becauseofitsbackingtotheChineseAcademyofSciences,theCambrianhasbeenadoptedbyHuawei’sannualflagshipmachine,whichonceattractedattentionfromtheoutsideworldandbecameaunicorncompanyinthefieldofartificialintelligence.  Accordingtotheprospectus,Cambrianplannedtoissuenomorethan40.1millionsharesforfinancing28.RMB110,000,CITICSecuritiesisthesponsorandleadunderwriter,CICC,GuotaiJunanSecuritiesandAnxinSecuritiesarethejointleadunderwriters.Thefundsraisedfromthisissuancewillbeusedforanewgenerationofcloudtrainingchips,cloudinferencechips,edge-endartificialintelligencechipsandtheirrespectivesystemprojects,aswellassupplementaryworkingcapital.  Sincethecompanyhasnotbeenprofitableinthepastthreeyears,thecompanyhasselectedtheSSE’sscienceandtechnologyboardstocklistingrules,whichisexpectedtohaveamarketvalueofnotlessthan1.5billionyuan,andanoperatingincomeofnotlessthan200millionyuaninthemostrecentyear,andthelastthreeTheratioofgradualR&Dexpendituretothecumulativeoperatingincomeinthelastthreeyearsisnotlessthanthestandardof15%.TheprospectusdisclosedthattheproportionofR&Dinvestmentinoperatingincomeinthelastthreeyearswas380respectively.73%,205.18%and122.32%.  From2017to2019,theCambrianannualoperatingincomewas784.RMB330,000,1.RMB1.7billion,and4.44trillionyuan,theincreasein2018and2019is1392comparedtothepreviousyear.05%and297.35%;thenetpurityis3.RMB8.1billion,4104.RMB650,000,and11.7.9billionyuan.Forthefluctuationofnetclarity,theprospectusexplainedthatitisessentiallyaffectedbynon-recurringprofitandlossitemssuchasshare-basedpaymentandR&Dexpenses.  UndertheblessingoftheChineseAcademyofSciences,theprospectusofentrepreneursthatcameoutshowedthattheCambrianwasestablishedinMarch2016andcompletedthecompanychangeinNovember2019from”LimitedCompany”to”LimitedCompany”.Thecompany’smainbusinessisdistributedclassifiedcloudservices,R&D,designandsalesofintelligentcorechipsforedgecomputingequipmentandterminalequipment,providingcustomerswithproductsandsystemsolutions.  ChenTianshi,bornin1985,isthefounderofthiscompany,thecontrollingshareholderandtheactualcontroller.Hedirectlyholds33shares.19%,indirectshareholding1.16%,holding34sharesintotal.36%.ChenTianshiattendedthejuvenileclassoftheUniversityofScienceandTechnologyofChinainhisearlyyearsandeventuallyobtainedadoctorateincomputersoftwareandtheory.HeworkedattheInstituteofComputerScience,ChineseAcademyofSciencesfromJuly2010toSeptember2019.In2019,hisannualsalaryintheCambrianwas108.RMB0.96million.  InadditiontoChenTianshi,deputygeneralmanagerLiuShaoli,chiefoperatingofficerWangZai,anddeputygeneralmanagerLiuDaofuwereincludedinthefoundingteammembers.Thesemembers,likeChenTianshi,onceworkedattheComputerInstituteoftheChineseAcademyofSciences.Notonlythat,thewholly-ownedChinesecomputingsourceoftheInstituteofComputingoftheChineseAcademyofSciencesisthecompany’ssecondlargestshareholderwith18shares.twentyfour%.  TheprospectusdoesnotintroduceChenYunjiseparately,butmentionshimintherelatedpartyassettransferintherelatedpartytransactionchapter.InFebruary2019,theCambriansignedwithChenTianshiandChenYunjifor42.420,000transferredthe100%shareholdingofSuHangzhouAiCambrianheldbythetwo.IntheearlyCambrianperiod,heonceintroducedthatthecompanywasjointlyfoundedbyChenTianshiandChenYunjibrothers,andChenYunjiwasadmittedtothejuvenileclassoftheUniversityofScienceandTechnologyofChinaattheageof14,andthenenteredtheInstituteofComputingTechnologyoftheChineseAcademyofSciences.  Theprospectusshowsthatthescaleofthereport,Cambrianisbasedontheneedsofresearchanddevelopmentandbusinessdevelopment.ItalsoobtainedasmallnumberoftechnicalauthorizationsfromtheInstituteofComputingTechnologyoftheChineseAcademyofSciencesandpaidpaymentfees.190,000yuan,15in2019.Thepricingmethodis910,000yuan.ThepricingmethodisbasedontheroutineproceduresoftheInstituteofComputingTechnologyoftheChineseAcademyofSciencesandisdeterminedthroughconsultationbetweenthetwoparties.Inaddition,in2018,theCambrianentrustedtheInstituteofComputingTechnologyoftheChineseAcademyofSciencestoparticipateinthedevelopmentoftheBangla.  Alargenumberofshareholderseats,Ali,Lenovo,HKUSTXunfeiappearedintheprospectus,sincethefirstcapitalincreaseinAugust2016,theCambrianhasexperiencedsixcapitalincreases,andsinceApril2016,thecompanyhasalsocompletedThreeequitytransfers.Beforethisoffering,Cambrianhad32individualandinstitutionalshareholdersdirectlyholdingshares,andduetochangesintheshareholdingrelationship,shareholderswithindirectsharesandconcertedactionrelationshipsalsoexisted.  Onthesigningdateofthefinalprospectus,ChenTianshi,ZhongkeSuanyuan,andAixiPartnerswerefirmlyseatedinthetopthreeshareholders.Amongthem,ChenTianshiisageneralpartnerofAixiPartners,whileotherexecutives,personnelandemployeeswithlong-termlaborcontractswiththecompanyarelimitedpartners.NanjingCMBandHubeiCMBheldsharesinChinaMerchantsBankInternationalCapitalManagementandChinaTelecomSystemIntegrationCorporation.42%;SDICFundandNingboHangoholdatotalof7.35%;PaleozoVenturesandZhishengKexunholdatotalof5.04%.  Inaddition,existingcompanieswithhighershareholdervisibilityappearintheshareholderseatsorhidebehinddirectshareholders.AlibabaVentureshasinvestedinthethirdandfifthcapitalincrease,1trillionand4995respectively.520,000yuan.Onthesigningday,AliVentureCapitalsatfirmlyonthetenthlargestshareholderwithashareholdingratioof1.94%.LenovoSustainableHubeiLenovoandNaYuanmingzhienteredthegame.Thelattertwohaveaconcertedrelationshipandhold2shares.39%.  AlthoughHKUSThasbeenintheshareholders’seatsincethefirstcapitalincreaseinAugust2016,ittransferred0toGuangzhouHuixinginthesecondallocationtransferinMay2019.25%equity.Onthedayofsigning,HKUST’sdirectshareholdingratiois1.19%.  Inaddition,atthefirstlevel,JinshiYinyi,awholly-ownedsubsidiaryofleadunderwriterCITICSecurities,directlyholdsshares1.19%,whileholdingCITICSecurities15.CITICIndustrial,awholly-ownedsubsidiaryofCITICGroupwitha47%stake,holdsNingboHango8.33%equity,whileNingboHangoholdsCambrian3.43%equity.FundsmanagedbyCICCCapital,awholly-ownedsubsidiaryofCICC,theleadunderwriter,alsoholdsharesthroughCICCanddirectlyholdshares119%.  LargecustomerHuaweipaid1inthepastthreeyears.8.6billionpoundsofmodernartificialintelligencetechnologyhasbeenappliedinthecloud,edgeandterminal,andCambrianproductsmeettheneedsofthesethreedifferenttypesofequipment.Theprospectusshowsthatin2019,theproportionofbusinesswillbeexpanded,newbusinesseswillbelaunched,andthenumberofreportswillbereported.Themaincustomersarechipdesignmanufacturers,servermanufacturers,andlocalgovernmentsinneedofdatacenterconstruction.  TheinitialproductoftheCambrianistheterminalintelligentprocessorIPCambrian1Aprocessorin2016,followedby1Hand1Min2017and2018,respectively,withimprovedperformanceandcorrespondingexpansionofthemodel.Boththecloudandtheedgehavelaunchedchipsandsmartaccelerationcardsinthecloud.Amongthem,thecloud-basedSiyuan290isbeingtestedinsamples,whiletheedge-sideSiyuan220andtheacceleratorcardreleasedin2019havenotyetlaunchedactualsales.Inaddition,theCambriancontinuedtodevelopandupgradebasicsystemsoftwareplatformstoadapttonewchips.  Theprospectusshowsthatthenumberofreports,in2017and2018,morethan98%oftherevenuecamefromthelicenserevenueoftheterminalsmartprocessorIP,andin2019,thesystembusinesswasobtainedthroughthecloudsmartchipandtheaccelerationcardbusinessandintelligentcomputingWuji’smainbusinessincomehasincreasedsubstantiallybynearlyfourtimes.In2019,terminalrevenueaccountedfor15%oftotalrevenue.49%,thecloudaccountedfor17.77%,theintelligentcomputingsystemaccountedfor66.72%.  Forthedeclineintheterminalside,thereasonisthatthemid-to-high-endequipmentthatadopteditsIPachievedlarge-scaletransformationin2018,butatthesametime,theCambriandeliveredIPtocompanyA,whichcausedadeclinein2019.Thispartofthebusinessdoesnotsellphysicalchips,onlyIP.SustainablecompanyAisamajorcustomeroftheCambrian.From2017to2019,theCambriansalestocompanyAtotaled1.8.6billionyuan,accountingfor98%ofrevenue.34%,97.63%,and14.34%.AlthoughtheCambrianProspectusnolongerdisclosesthesalesamountofCompanyA,itscustomerisHuaweiinthepublicityofthebattle.  Obviously,asasemiconductorcompanyfocusingonthedesignandsalesoftheFablessmodel,CambrianalsoincludedHuaweiHiSiliconinitsscopeandriskwarning.Infact,thedeputygeneralmanagerholdingthecompany’sshares,CTOLiangJunjoinedtheCambrianin2017,andinphysics,heworkedatHuaweiandHisiliconandservedasaseniortechnicalexpert.LiangJunandChenTianshi,LiuShaoliandLiuDaofuwerelistedasthecoretechnicalpersonneloftheCambrian,buttheyweretheonlynon-foundingteammembers.  Theintelligentcomputingaccumulationsystemwillbecustomizedanddevelopedaccordingtocustomerneeds.In2019,theCambrianandXi’anFengdongYixiangTechnology,theShanghaiBrainScienceandBrain-likeResearchCenter,andtheCommerceBureauoftheHengqinNewDistrictManagementCommitteeofZhuhaiCityreachedarelevantcooperationtostartgeneratingrevenueinthispartofthebusiness.  However,companyB,whichenteredthetopfivecustomersin2019,accountedfor14%ofrevenue.34%,Cambrianneverannounceditsname,butsaidthecompanywasarelatedparty.  Thethree-yearsteepincreaseinresearchanddevelopmentexpenses,thesalaryaccountedforinthebigprospectus,from2017to2019,theresearchanddevelopmentexpensesoftheCambrianwere2986respectively.RMB190,000,2.4billionyuanand5.RMB430,000,withR&Dexpenseratesof380respectively.73%,305.18%and122.32%.Thecompanysaiditwillcontinuetoinvestinresearchanddevelopmenttoensurethatitstechnologyisforward-looking,leadingandcorecompetitiontoincreaseprofits.Theprospectuslistsatotalof8projectsatthedevelopmentstage,andthecumulativeexpenditureisexpandedto6.5.5billionyuan.  ItcanbeseenthatthehighestproportionofR&Dexpensesisemployeecompensation,whichis74inthreeyears.16%,41.21%and52.15%.AsofDecember31,2019,therewere680CambrianR&Dpersonnel,accountingfor79ofthetotalnumberofemployees.25%,andmorethan70%oftheR&Dpersonnelhavemaster’sdegreeandabove.Obviously,thecompanyhasapart-timejobasamemberoftheInstituteofComputingTechnologyoftheChineseAcademyofSciences.  Inaddition,thetestingandprocessingcostshavealsobeenreducedsince2018toreduceresearchanddevelopmentcosts,comparedwith36in2019.15%and22.92%.Theprospectusshowsthatthispartofthecostismainlythecostofthetapeusedforresearchanddevelopment,whichisthekeyconversionofthechipfromdesigntomassproduction.  However,intheriskalert,researchanddevelopmentisalsooneofthepotentialsourcesofriskintheCambrian.DuetoR&Dexpenditures,whiletheproductisstillinthemarketdevelopmentstage,andreportstheriskfacedbytheCambrianduetothesharepaymentamountduetoequityincentives.  Notonlythat,beforethesalesrevenuegeneratedbyartificialintelligencechipproducts,thecompany’sexpandedresourcesincreasedduetothedependenceontheCambrianoperatingcapital.Therefore,expansionbeyondthefinancingamountwillcausepressureandcannotmaintainsufficientcashflow.Itwillbeaffected,resultingin,willaffectthesalary,thusaffectingtheintroductionoftalentandthestabilityoftheexistingteam.  ThelossofR&DpersonnelwasexcludedfromtheriskfactorsoftheCambrian.Thecompanysaidthatifvariouscircumstancesinthefuturecausethecompany’sspendingpoliciesandlevelstobeinsufficientlycompetitiveandattractiveinthesameindustry,itwillbedifficulttorestoretherecruitmentofmorehigh-endtechnicaltalents,andevencausethelossofexistingR&Dpersonnel.  Riskfactors:Unprofitable,intensifiedcompetition,andhighsupplierconcentration.Duetothelargeamountofcapitalexpenditurerequiredforsmartchipresearchanddevelopment,theCambrianhasbeeninanetpollutionstateforthepastthreeyears,anduntilDecember31,2019,thecompanyhasaccumulatedThedistributionprofitis8.5.5billionyuan.Asofthesigningdateoftheprospectus,thecompanyhasnotyetmadeaprofitandthereareunreplacedreplacementsthathaveoccurred.TheCambrianremindedthatitmaynotbeabletomakeprofitsordistributeprofitswithinacertainperiodinthefuture.  Onthetipsaboutriskfactors,Cambrianalsopointedoutthattheriskofitscoretechnologyupgradealternatingwiththeindustry’sfuturetechnologicaldevelopmentdirection,thereasonisthattheindustry’stechnologicalupgradesandproductupgradesarefaster,andthedevelopmentdirectionhascertainuncertainties.Infact,theresearchanddevelopmentworkdidnotmeetexpectations,technicalleaks,andintellectualpropertyriskareriskfactors.  Risksthatadverselyaffectitsoperationsalsoincludetechnologylicensingandincreasedmarketcompetition.TheCambrianstatedthatthereportedintelligence,thecompany’sintegratedcircuitIPandEDAtoolsuppliersaremainlyARM,Synopsys,Cadence,etc.Ifduetoforcemajeurefactors,theabovesuppliershavestoppedthetechnologyauthorizationfromthecompany,whichwillhaveanadverseimpactonthecompany’soperation.  SharingwithforeignmanufacturersNvidia,Intel,AMD,Cambrianstillhasconflictingdifferencesinoverallscale,financialstrength,R&Dreserves,saleschannels,etc.,anddomesticcompaniessuchasHuaweiHiSiliconandotherchipdesigncompaniesaregraduallyenteringthisInonemarket,theCambrianisfacingasituationofincreasingcompetition.Ifeffectivecountermeasurescannotbeimplemented,theCambrianwillfaceasituationwherethesalesofmajorproductsarelowerthanexpected,andtheproductgrossprofitmarginisreduced.  Inadditiontothefactthattherevenueofthetopfivecustomersaccountedforarelativelyhighrisk,thehighconcentrationofsuppliersandthedifficultyofreplacingsomesuppliersarealsorisksoftheCambrian.Accordingtotheprospectus,thetotalpurchaseamountofthetopfivedirectsuppliersaccountedfor92%ofthepurchasescaleoverthesameperiod.64%,82.53%and66.49%.Somesupplierproductsarescarceandexclusive.  Inaddition,inresponsetotheriskscausedbythenewcoronavirusepidemic,theCambriandisclosedthatifthesupplycapacityofthesupplierenterpriseisaffected,itmaycausethecompanytofailtoperformthecontractwiththepartnerintimeandfailtoprovideon-sitesupporttothecustomer;itmaycausesomeintelligentcomputingTheimplementationofthebusinessexpansionhasbeendelayed,ortheintroductionofchipproductshassloweddownsignificantly.Sauna,NightnetEditorLiangChenYueCaizhouSunYongproofreadingHeYan

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