VeriSilicon(SH:688521)2024-10-13 07:36Financial Projections - The company expects Q3 2024 revenue to reach CNY 717.98 million, representing a quarter-on-quarter increase of 16.96% and a year-on-year increase of 23.60%[2]. - The projected net loss attributable to shareholders for Q3 2024 is CNY 111.05 million, with a year-on-year reduction in loss of CNY 45.38 million[2]. - The company anticipates new orders of CNY 648 million in Q3 2024, with a backlog of CNY 2.138 billion, maintaining a high level for four consecutive quarters[5]. - The proportion of backlog expected to convert to revenue within one year is 78.26%[5]. Research and Development - R&D expenditure is projected to account for 43.38% of revenue in Q3 2024, emphasizing the company's commitment to maintaining a competitive edge in semiconductor IP and custom chip design[5]. - The company is actively pursuing strategic technology development in AIGC and smart mobility applications, alongside advancing Chiplet technology[5]. Revenue Streams - Revenue from intellectual property licensing fees is expected to be CNY 218 million, a quarter-on-quarter increase of 36.62%[5]. - Revenue from chip design services is projected at CNY 238 million, reflecting a quarter-on-quarter growth of 23.02%[5]. Operational Performance - The company reported a significant improvement in operational performance in Q2 2024, reversing previous trends and setting a positive outlook for Q3[5]. - There are no major uncertainties affecting the accuracy of this earnings forecast[6].