Core Viewpoint - Intchains Group Limited is actively acquiring ETH-based cryptocurrencies to support its long-term asset reserve and Web3 development initiatives, reflecting a strategic focus on the altcoin market and integrated solutions for high-performance computing [1][4]. Summary by Sections ETH Acquisition and Holdings - Between September 30, 2024, and November 28, 2024, the company acquired approximately 915.3 ETH for about RMB20.7 million (US$2.9 million), at an average price of approximately RMB22,626 (US$3,123) per ETH, including fees and expenses [2]. - As of November 28, 2024, the company and its subsidiaries held approximately 5,066.6 ETH, acquired at an aggregate purchase price of approximately RMB107.0 million (US$14.8 million) and an average purchase price of approximately RMB21,117 (US$2,914) per ETH, including fees and expenses [3]. Company Overview - Intchains Group Limited focuses on providing integrated solutions with high-performance computing ASIC chip products for altcoins and acquiring ETH-based cryptocurrencies to support Web3 industry development initiatives [1][4].

Financial Data and Key Metrics Changes - The company reported its Q3 2024 financial results, with specific metrics to be detailed by the CFO [1][2] - Forward-looking statements were made regarding the company's financial condition and operating results, highlighting potential risks and uncertainties [4] Business Line Data and Key Metrics Changes - Detailed performance across various business lines will be provided by the CFO during the call [2][3] Market Data and Key Metrics Changes - The company will discuss market performance and key metrics in relation to its strategic direction [2][3] Company Strategy and Development Direction and Industry Competition - The management will outline the company's strategic direction and competitive landscape during the call [2][3] Management's Comments on Operating Environment and Future Outlook - Management will provide insights on the operating environment and future outlook, emphasizing the importance of understanding risks and uncertainties [4] Other Important Information - The call will include a question-and-answer session to address investor inquiries [2][3] Q&A Session Summary Question: What are the expectations for future growth? - The management will address growth expectations and any relevant strategic initiatives during the Q&A session [2][3]

Core Viewpoint - Intchains Group Limited reported significant growth in its third quarter financial results for 2024, with a notable increase in revenue and a shift from net loss to net income, driven by the rising demand for its ASIC chip products and strategic cryptocurrency acquisitions [1][3]. Financial Performance - Sales volume of ASIC chips reached 207,838 units in Q3 2024, up 25.9% from 165,056 units in Q3 2023 [2]. - Revenue for Q3 2024 was RMB60.3 million (US$8.6 million), a substantial increase of 781.4% from RMB6.8 million in Q3 2023 [2][4]. - Net income for Q3 2024 was RMB3.2 million (US$0.5 million), compared to a net loss of RMB19.1 million in Q3 2023 [2][7]. - Non-GAAP adjusted net income for Q3 2024 was RMB6.4 million (US$0.9 million), a turnaround from a non-GAAP adjusted net loss of RMB17.6 million in Q3 2023 [2][7]. Cost and Expenses - Cost of revenue for Q3 2024 was RMB19.5 million (US$2.8 million), up 29.6% from RMB15.1 million in Q3 2023, but the increase was lower than revenue growth due to higher gross margins on new ASIC products [5]. - Total operating expenses were RMB37.7 million (US$5.4 million) for Q3 2024, a 90.8% increase from RMB19.7 million in Q3 2023, primarily due to higher research and development and general administrative expenses [6]. Cryptocurrency Holdings - As of September 30, 2024, the fair value of cryptocurrency assets was RMB149.5 million (US$21.3 million), including approximately 4,149 ETH valued at RMB76.4 million (US$10.9 million) [2][3]. - The company reported a loss on the fair value of cryptocurrency of RMB13.1 million (US$1.9 million) in Q3 2024, attributed to market volatility, with ETH prices falling approximately 24.2% during the quarter [6]. Strategic Initiatives - The company launched Goldshell Pay in Q3 2024, a blockchain payment solution aimed at providing a one-stop service for merchants, which is currently in trial phase [8]. - Plans to launch a hardware crypto wallet in Q4 2024 and to complete the production of new ASICs by Q1 2025 were announced, indicating ongoing commitment to innovation and application expansion [3].

Intchains Group Limited (NASDAQ:ICG) Q2 2024 Results Conference Call August 15, 2024 9:00 PM ET Company Participants Chaowei Yan - Chief Financial Officer Conference Call Participants Mark Palmer - Benchmark Zhaoyuan Wang - Sinolink Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Intchains Second Quarter 2024 Earnings Conference Call. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Joining us today is Mr. Chaowei Yan, Chie ...

SHANGHAI, China, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ethereum, or ETH, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Operating and Financial Highlights Sales volume of ASIC chips is 274,019 units for the secon ...

Intermediate Capital Group PLC (“the Company”) 4 June 2024 Director Declaration In accordance with the Financial Conduct Authority's Listing Rules, the Company announces that Amy Schioldager, Non-Executive Director, has been appointed as a Director of the ODP Corporation (NASDAQ:ODP), effective from 10 June 2024. As has been previously announced, effective from 16 July 2024, Amy will step down from the board of the Company Contacts: Chris Hunt Investor Relations, Intermediate Capital Group PLC +44 (0) 20 35 ...

Intchains Group Limited (NASDAQ:ICG) Q1 2024 Earnings Conference Call May 16, 2024 9:00 PM ET Company Participants Chaowei Yan - Chief Financial Officer Conference Call Participants Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Intchains' First Quarter 2024 Earnings Conference Call. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Joining us today is Mr. Chaowei Yan, Chief Financial Officer of Intchains. Mr. Yan will prov ...

SHANGHAI, China, May 17, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (NASDAQ:ICG) ("we," or the "Company"), a provider of integrated solutions consisting of high-performance computing ASIC chip-based solutions products and a corporate holder of cryptocurrencies based on Ethereum, or ETH, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operating and Financial Highlights Sales volume of ASIC chips remained steady at 494,235 units for the firs ...

Core Viewpoint - Intchains Group Limited reported a net loss of RMB14.8 million (US$2.1 million) for Q1 2024, a significant decline from a net income of RMB4.7 million in Q1 2023, highlighting challenges in revenue generation and increased operating expenses [2][7][8]. Financial Performance - Revenue for Q1 2024 was RMB24.3 million (US$3.4 million), down 6.8% from RMB26.0 million in Q1 2023, primarily due to a one-off sale of intelligent router products in the previous year [2][3]. - The sales volume of ASIC chips remained stable at 494,235 units in Q1 2024, compared to 497,854 units in Q1 2023, with 410,162 units sold directly to customers and 84,073 units embedded in computing equipment [2]. Cost and Expenses - Cost of revenue increased by 15.2% to RMB15.3 million (US$2.1 million) in Q1 2024, driven by a RMB4.4 million inventory write-down [4]. - Total operating expenses surged by 168.3% to RMB38.1 million (US$5.3 million) in Q1 2024, largely due to a 357.0% increase in research and development expenses to RMB36.5 million (US$5.1 million) [5]. Cryptocurrency Holdings - As of March 31, 2024, the fair value of the company's cryptocurrency assets was RMB23.6 million (US$3.3 million), primarily consisting of approximately 825 ETH valued at RMB21.9 million (US$3.1 million) [2]. - The company has initiated a cryptocurrency acquisition strategy focusing on ETH-based cryptocurrencies as a long-term asset reserve [8]. Recent Developments - The company began trial production and sales of the Goldshell-branded Box series computing equipment for blockchain applications in Q1 2024, which received positive market feedback [2]. - Intchains is committed to enhancing its R&D capabilities and developing additional ASIC chip products for the WEB3 industry [2].

Exhibit 99.1 Intchains Group Limited Reports First Quarter 2024 Unaudited Financial Results SHANGHAI, China – May 16, 2024 – Intchains Group Limited (Nasdaq: ICG) ("we," or the "Company"), a provider of integrated solutions consisting of high-performance computing ASIC chip-based solutions products and a corporate holder of cryptocurrencies based on Ethereum, or ETH, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Operating and Financial Highlig ...