VeriSilicon(SH:688521)2025-01-20 10:15Financial Performance - The company expects to achieve an operating revenue of approximately CNY 2.323 billion in 2024, remaining roughly flat compared to 2023[3]. - The projected net profit attributable to the parent company for 2024 is approximately -CNY 613 million, a year-on-year decrease of about CNY 317 million[5]. - The net profit attributable to the parent company, after deducting non-recurring gains and losses, is expected to be approximately -CNY 646 million, a year-on-year decrease of about CNY 328 million[6]. - In Q3 2024, the company's operating revenue reached a record high for the third quarter, with a year-on-year growth of 23.60%[7]. Business Growth - The company reported a significant year-on-year increase of approximately 81% in chip design business revenue for the second half of 2024[9]. - The company has a strong order backlog of CNY 2.406 billion at the end of 2024, up nearly 13% from CNY 2.138 billion at the end of Q3 2024[8]. - New orders signed in Q4 2024 exceeded CNY 940 million, representing an increase of over 38% compared to the first half of 2024[8]. Research and Development - R&D expenses for 2024 are expected to increase by approximately 32% year-on-year, reflecting the company's commitment to technology development[9]. - The company has maintained a positive net profit and net profit after deducting non-recurring gains and losses in the first half of 2023 despite a challenging industry environment[7]. - The company has accumulated significant technical and human resources, leading to industry-leading technical capabilities and recognition from global quality clients[9].