Intchains(ICG)

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Intchains Group Limited to Report Second Quarter 2025 Financial Results on Thursday, August 14
Globenewswire· 2025-07-30 13:00
SHANGHAI, July 30, 2025 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) ("we," or the "Company"), a company engaged in the provision of altcoin mining products, strategic acquisition and holding of Ethereum-based cryptocurrencies, and active development of innovative Web3 applications, today announced that it will release its financial results for the second quarter and six month periods ended June 30, 2025, after the close of the market on Thursday, August 14, 2025. Participant Dial-in Numbers: F ...
聪链上涨2.36%,报2.89美元/股,总市值1.74亿美元
Jin Rong Jie· 2025-07-29 14:02
8月21日,聪链将披露2025财年中报(数据来源于纳斯达克官网,预计披露日期为美国当地时间,实际 披露日期以公司公告为准)。 7月29日,聪链(ICG)开盘上涨2.36%,截至21:30,报2.89美元/股,成交8641.0美元,总市值1.74亿美 元。 财务数据显示,截至2025年03月31日,聪链收入总额1.32亿人民币,同比增长445.47%;归母净利 润-3399.7万人民币,同比减少129.79%。 大事提醒: 资料显示,聪链集团有限公司是一家在开曼群岛注册成立的控股公司,通过其中国子公司在中国开展业 务。2017年12月,上海国际连锁科技有限公司(简称上海国际连锁)在中国上海成立,公司开始运营。 聪链集团有限公司是一家集成解决方案提供商,该解决方案由高性能ASIC芯片和用于区块链应用的辅助 软件和硬件组成。该公司采用无晶圆厂的商业模式,专门从事IC设计的前端和后端,这是IC产品开发链的 主要组成部分。该公司与领先的铸造厂建立了强大的供应链管理,这有助于确保其产品质量和稳定的生 产产量。 本文源自:金融界 作者:行情君 ...
Q1 Trading Statement for the three months ended 30 June 2025
Globenewswire· 2025-07-16 06:00
Core Viewpoint - Intermediate Capital Group (ICG) reported strong growth in assets under management (AUM) and fundraising activities for the first quarter of FY26, indicating a positive investment landscape and robust demand for its funds [2][4][12]. AUM Performance - As of June 30, 2025, ICG's AUM reached $123 billion, reflecting a 3% growth over the last three months and a 15% increase year-on-year, with a compound annual growth rate (CAGR) of 18% over the last five years [2][4]. - Fee-earning AUM stood at $82 billion, up 4% in the quarter and 11% year-on-year [2][4]. Fundraising and Deployment - Total fundraising for Q1 FY26 amounted to $3.4 billion, driven primarily by Europe IX ($1.5 billion) and Infrastructure Europe II ($1.2 billion) [3][4]. - The deployment of funds in Q1 FY26 was $2.8 billion, with realisations totaling $1.1 billion [3][4]. Investment Strategies - The investment landscape remains attractive for various strategies, including structured capital, secondaries, and real assets equity [4]. - Infrastructure Europe II has shown strong momentum, with a total fund size of €2.5 billion, significantly higher than its predecessor [4]. Financial Metrics - At the end of Q1 FY26, ICG had $34 billion in dry powder, indicating substantial available capital for future investments [5]. - The balance sheet investment portfolio was valued at £2.9 billion, with total available liquidity of £1.1 billion and net financial debt of £477 million [14]. Foreign Exchange Rates - The average GBP to EUR exchange rate for Q1 FY26 was 1.1759, while the GBP to USD rate was 1.3507, reflecting fluctuations that may impact international operations [9]. Company Overview - ICG is a global alternative asset manager with over three decades of experience, focusing on generating attractive returns across various investment strategies [12][13].
Application for Admission of Shares
Globenewswire· 2025-06-10 13:10
Core Points - The Company has applied for the admission of 1,096 Ordinary Shares to the Official List of the Financial Conduct Authority and for trading on the London Stock Exchange, expected on 13 June 2025 [1] - Following the Admission, the total number of Ordinary Shares in issue will be 294,371,321, with 3,733,333 shares held in Treasury, resulting in 290,637,988 voting rights [2] Summary by Sections Admission of Shares - The application for the admission of 1,096 Ordinary Shares is related to the vesting of awards under the Intermediate Capital Group Omnibus Plan 2020 [1] - The expected date for Admission is 13 June 2025 [1] Total Shares and Voting Rights - After Admission, the total number of Ordinary Shares will be 294,371,321 [2] - The number of voting rights available to shareholders will be 290,637,988, which can be used for calculations regarding interest notifications under the FCA's Disclosure Guidance and Transparency Rules [2]
Intchains(ICG) - 2025 Q1 - Earnings Call Transcript
2025-05-23 01:02
Intchains Group (ICG) Q1 2025 Earnings Call May 22, 2025 08:00 PM ET Company Participants Minty Wang - Head of Investor RelationsChaowei Yan - Chief Financial Officer Conference Call Participants Mark Palmer - Equity Research AnalystMatthew Galinko - SVP & Senior Research Analyst Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Ink King's First Quarter twenty twenty five Earnings Conference Call. Today's call is being recorded. If you have any objections, you may disconnect ...
Intchains(ICG) - 2025 Q1 - Earnings Call Transcript
2025-05-23 01:00
Financial Data and Key Metrics Changes - Revenue for Q1 2025 reached $18.2 million, representing a 78.5% quarter-over-quarter increase and exceeding previous guidance of $15 million to $16 million [6][12] - Gross margin improved significantly to 56.9%, up from 26.2% in the previous quarter, reflecting a 286.9% increase [7] - Operating income turned positive at $5.1 million, a recovery from the loss in Q4 2024 [7][13] - Net income was negative $4.7 million, impacted by a noncash revaluation loss of $9.8 million on cryptocurrency holdings [13][14] Business Line Data and Key Metrics Changes - The successful launch of the Allele miner series accounted for nearly 75% of total revenue in Q1 2025 [12] - Cost of revenue increased modestly from $7.5 million in Q4 to $7.9 million in Q1, growing at a lower pace than revenue due to higher margins from new miners [13] - The company continues to focus on product optimization and operational efficiency to maintain higher gross margins than industry averages [9] Market Data and Key Metrics Changes - The total market cap of cryptocurrency declined by 18% during the quarter, with significant price drops for Ether, Dogecoin, and Allele [6][11] - Despite market headwinds, the company maintained a steady pace of Ethereum accumulation, increasing holdings by over 23% to approximately 7,043 units [7][14] Company Strategy and Development Direction - The company aims to solidify its leadership in the home mining sector and plans to continue refining its mining products through technological upgrades [10][18] - A focus on innovation and operational excellence is central to the company's long-term value creation strategy [18] - The company is exploring new blockchain applications and anticipates potential catalysts such as interest rate cuts and regulatory support for crypto-linked ETFs [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about market sentiment improving and the potential for revenue growth in Q2 and beyond [17] - The company projects revenue for the first half of 2025 to be approximately RMB 180 million to 200 million [17] - Management remains committed to a long-term Ethereum accumulation strategy despite current market volatility [16][17] Other Important Information - The company reported cash, cash equivalents, and short-term investments totaling $74.9 million as of March 31, 2025, an increase from the end of 2024 [14] - Total assets represented 147% of the company's market capitalization as of May 2025 [15] Q&A Session Summary Question: Future revenue mix with 75% from Allele miners - Management is optimistic about the future of Dogecoin and plans to continuously upgrade its Dogecoin miner program, aiming to become a top-tier supplier in the industry [22][24] Question: Potential of GoldShell Byte miner for revenue generation - The GoldShell Byte miner was designed to address the pain points of individual miners, allowing them to switch between cryptocurrencies easily, which could lower barriers to entry in the mining industry [26][27] Question: Expectations for inventory management - Management indicated that most inventory consists of both coin miners and Allele miners, and they will adjust pricing based on market conditions to sell inventory rather than write it off [34][35] Question: Feedback on GoldShell Byte from the market - The GoldShell Byte has received positive feedback from individual miners, and the company aims to attract new customers through this product while maintaining existing ones with professional miners [39][40] Question: R&D spending outlook - Management noted that while R&D spending is currently down, they cannot predict when it will increase again due to ongoing projects [48]
Intchains(ICG) - 2025 Q1 - Earnings Call Presentation
2025-05-23 00:00
Financial Performance - Q1 2025 revenue reached $18.2 million, a 78.5% increase compared to Q4 2024[7], driven by Aleo series miners which accounted for 74.8% of total revenue[35, 99] - Gross profit for Q1 2025 was $10.4 million, a 287.9% increase compared to $2.7 million in Q4 2024, with a gross margin of 56.9%, a 30.7 percentage point increase[7] - The company reported an income from operations of $5.1 million in Q1 2025, compared to a loss of $5.0 million in Q4 2024[7] - Net loss for Q1 2025 was $4.7 million, impacted by a $9.8 million loss on the fair value of cryptocurrency holdings due to a 46% decrease in ETH price[35] Ethereum Accumulation - As of March 31, 2025, the company held approximately 7,023 ETH, a 23.2% increase compared to 5,702 ETH as of December 31, 2024[7, 16, 101] Product Innovation - The company launched the Aleo miner series in February 2025, with rapid iterations to maintain market leadership, achieving competitive daily returns among POW mining rigs[7, 44, 49] - Goldshell Byte, a leading dual-mining machine, was launched on March 26, 2025, allowing for the replacement of mining cards according to market conditions[7, 57] Market Position - Intchains' Q1 2025 revenue growth outpaced peers in the crypto mining sector, achieving a 78.6% QoQ increase[38] - The company was a rare crypto mining company with positive operating profit of $5.1 million in Q1 2025[7, 39] Future Outlook - The company aims to upgrade the mining efficiency of Dogecoin mining products to increase market share[90] - The company projects H1 2025 revenue to be between RMB 180 million and RMB 200 million[91]
Intchains(ICG) - 2025 Q1 - Quarterly Report
2025-05-22 20:01
Exhibit 99.1 Intchains Group Limited Reports First Quarter 2025 Unaudited Financial Results Total revenues of US$18.2 million exceeds guidance, up 445.5% YoY Total ETH-based cryptocurrency units were approximately 7,023, up 23.2% QoQ Income from operations reach US$5.1 million, achieving turnaround from prior-year period Intchains Group Limited (Nasdaq: ICG) ("we," or the "Company"), a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based c ...
Intchains Group Limited Reports First Quarter 2025 Unaudited Financial Results
GlobeNewswire News Room· 2025-05-22 20:01
Core Insights - Intchains Group Limited reported total revenues of US$18.2 million for Q1 2025, a significant increase of 445.5% year-over-year, driven primarily by strong demand for its Aleo series mining machines [7][30] - The company achieved income from operations of US$5.1 million, marking a turnaround from a loss in the prior-year period [14][30] - The company held approximately 7,023 ETH as of March 31, 2025, reflecting a 23.2% increase quarter-over-quarter [5][30] Financial Performance - Total revenues for Q1 2025 were RMB132.4 million (US$18.2 million), up from RMB24.3 million in Q1 2024 [7][30] - Cost of revenue was RMB57.0 million (US$7.9 million), representing a 273.8% increase from RMB15.3 million in the same period of 2024, but the growth rate was lower than revenue growth due to higher gross margins from Aleo series machines [8][30] - Operating expenses decreased by 11.8% to RMB38.4 million (US$5.3 million) compared to RMB43.6 million in Q1 2024, primarily due to reduced research and development expenses [9][30] Cryptocurrency Strategy - The company introduced the Goldshell Byte, a dual-mining machine designed for flexibility and retail participation, enhancing its competitive position in the altcoin mining market [4][21] - Despite downward pressure on small- and mid-cap cryptocurrencies, the company maintained its long-term dollar-cost averaging strategy for Ethereum [5][6] - The fair value of the company's cryptocurrency assets, excluding stablecoins, was RMB101.6 million (US$14.0 million), primarily consisting of ETH [14][30] Market Position and Innovations - The Aleo series mining machines were launched in response to market dynamics and have proven profitable for miners, contributing significantly to the company's revenue [3][20] - The company views the recent Ethereum Pectra upgrade and the appointment of a new board of directors as positive developments for the blockchain technology landscape [6][30] - Sales volume of altcoin mining products, measured by the number of embedded ASIC chips, increased by 43.6% year-over-year, with 709,857 units sold in Q1 2025 [14][30]
Final results for the financial year ended 31 March 2025
Globenewswire· 2025-05-21 06:00
Core Viewpoint - FY25 was a milestone year for ICG, achieving significant fundraising and growth in assets under management (AUM) while positioning itself for future growth in challenging market conditions [3][5][23]. Fundraising and AUM - ICG raised $24 billion from its global client base, including the world's largest GP-led secondaries fund and Europe's largest direct lending fundraising [4][35]. - AUM increased from $98.4 billion in FY24 to $112.4 billion in FY25, representing a 14% year-on-year growth [8][9]. - Fee-earning AUM rose from $69.7 billion to $75.1 billion, an 8% increase compared to FY24 [9][10]. Financial Performance - Management fees reached £604 million, up 19% from FY24, while performance fee income increased to £86 million [9][10][54]. - Fund Management Company profit before tax was £461 million, a 23% increase year-on-year [9][10][60]. - Group profit before tax decreased to £532 million, down 11% from the previous year [9][10]. Business Activity - Deployment and realisations were notably higher than the average of the previous four years, with structured capital and secondaries driving deployment [26][11]. - Total deployment for FY25 was $17.5 billion, with realisations amounting to $8.9 billion [11][26]. Strategic Positioning - ICG has established leading positions in structured capital, secondaries, and debt, with a real assets platform poised for growth [5][24]. - The company is focused on maintaining strong investment performance and exploring product innovations to enhance client offerings [31][28]. Medium-Term Guidance - ICG reiterated its medium-term financial guidance, aiming for fundraising of at least $55 billion between April 2024 and March 2028 [12][40]. - The effective management fee rate on fee-earning AUM was 0.97%, reflecting a slight increase from the previous year [55].