Intchains(ICG)

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Intchains Group Limited Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results
Newsfilter· 2024-02-28 23:00
Core Viewpoint - Intchains Group Limited reported a significant decline in sales volume and revenue for both the fourth quarter and full year of 2023, while also highlighting recent strategic developments and a rebound in the cryptocurrency market towards the end of the year [1][4]. Fourth Quarter 2023 Operating and Financial Highlights - Sales volume of ASIC chips decreased by 36.5% to 423,040 units compared to 666,420 units in Q4 2022 [2]. - Revenue for Q4 2023 was RMB35.5 million (US$5.0 million), an increase of 5.3% from RMB33.7 million in Q4 2022 [2][5]. - Net income for Q4 2023 was RMB8.1 million (US$1.1 million), down 36.2% from RMB12.7 million in Q4 2022 [2][12]. Full Year 2023 Operating and Financial Highlights - Total sales volume of ASIC chips for 2023 was 1,457,373 units, a decrease of 55.0% from 3,235,235 units in 2022 [3]. - Full year revenue was RMB82.2 million (US$11.6 million), representing an 82.6% decline from RMB473.7 million in 2022 [3][14]. - The company recorded a net loss of RMB26.8 million (US$3.8 million) for 2023, compared to a net income of RMB355.2 million in 2022 [3][20]. Recent Developments - The company completed the acquisition of the Goldshell brand and related assets for US$550,000 in February 2024, which is expected to enhance its product offerings in the blockchain space [4][22]. - A new ASIC chip designed with a 12nm process node is set to enter mass production in March 2024 [4]. Revenue and Cost Analysis - The increase in Q4 2023 revenue was primarily due to a one-off sale of intelligent router products, generating RMB12.6 million, which offset the decline in ASIC chip sales [5]. - Cost of revenue for Q4 2023 was RMB14.1 million (US$2.0 million), a decrease of 29.3% from RMB20.0 million in Q4 2022, mainly due to the reversal of a previous write-off related to intelligent router products [7][14]. - Total operating expenses for Q4 2023 increased by 79.0% to RMB22.8 million (US$3.2 million) compared to RMB12.7 million in Q4 2022, driven by higher research and development, sales and marketing, and general and administrative expenses [8][9]. Earnings Per Share - Basic and diluted net earnings per ordinary share decreased by 36.4% to RMB0.07 (US$0.01) for Q4 2023 from RMB0.11 in Q4 2022 [13][34].
Intchains Group Limited to Report Unaudited Fourth Quarter and Full Year 2023 Financial Results on Wednesday, February 28, 2024
Newsfilter· 2024-02-18 10:00
SHANGHAI, China, Feb. 18, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (NASDAQ:ICG) ("Intchains" or the "Company"), a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications, today announced that it will release its unaudited financial results for fourth quarter and full year of 2023 after the U.S. market closes on Wednesday, February 28, 2024. The Company will host an earnings conference call to discuss its fi ...
Intchains Group Limited to Report Unaudited Fourth Quarter and Full Year 2023 Financial Results on Wednesday, February 28, 2024
Globenewswire· 2024-02-18 10:00
SHANGHAI, China, Feb. 18, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“Intchains” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications, today announced that it will release its unaudited financial results for fourth quarter and full year of 2023 after the U.S. market closes on Wednesday, February 28, 2024. The Company will host an earnings conference call to discuss its f ...
Intchains(ICG) - 2022 Q4 - Annual Report
2023-04-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECT ...