芯原股份预计二季度营收环比增长49.90% 在手订单连续七个季度保持高位

Core Viewpoint - The company, Chiplet Technology Co., Ltd. (芯原股份), is expected to report significant revenue growth in Q2 2025, driven by increases in intellectual property licensing fees and volume business revenue. Group 1: Financial Performance - The company anticipates achieving approximately 584 million yuan in revenue for Q2 2025, representing a 49.90% quarter-on-quarter increase [1] - Expected revenue from intellectual property licensing fees is 187 million yuan, with a quarter-on-quarter growth of 99.63% and a year-on-year growth of 16.97% [1] - Volume business revenue is projected to be 261 million yuan, reflecting a quarter-on-quarter increase of 79.01% and a year-on-year increase of 11.65% [1] - The company expects a significant reduction in quarterly losses, indicating improved profitability [1] Group 2: Order Backlog and Market Position - As of the end of Q2 2025, the company has an order backlog of 3.025 billion yuan, marking a 23.17% increase from the end of Q1 2025 and setting a new historical high [1] - Nearly 90% of the order backlog consists of one-stop chip customization services, with an estimated 81% of these orders expected to convert within one year, providing strong revenue growth assurance [2] - The company ranks first in China and eighth globally in the semiconductor IP licensing market, with its licensing revenue ranking sixth worldwide in 2023 [2] Group 3: Research and Development Focus - The company has been investing in key application technology research, particularly in Chiplet technology for generative AI and smart driving applications [1] - The company maintains high R&D investment levels, having accumulated significant technical and human resources, leading to industry-leading technical capabilities [1] - Recent fundraising through a private placement will support R&D projects in AIGC and smart mobility Chiplet solutions, as well as new IP development for graphics processing [3]