今年股价涨幅近两倍、市值超780亿元的芯原股份 上半年亏损额却在扩大

Core Insights - Despite a nearly twofold increase in stock price and a market capitalization exceeding 78 billion yuan, the company reported a widening loss in the first half of the year [1] - The company's revenue for the first half of the year was 974 million yuan, a year-on-year increase of 4.49%, while the net profit attributable to shareholders was a loss of 320 million yuan, compared to a loss of 285 million yuan in the same period last year [1] Financial Performance - The company's semiconductor IP licensing business generated 281 million yuan in revenue from intellectual property licensing fees, an increase of 8.20% year-on-year [3] - The revenue from franchise licensing fees was 51 million yuan, a slight decline of 0.03% year-on-year [3] - The core processor IP-related revenue, including graphics processor IP, neural network processor IP, and video processor IP, accounted for approximately 75% of the semiconductor IP licensing business revenue [3] Business Segments - In the one-stop chip customization business, the company achieved design revenue of 232 million yuan, a decrease of 17.18% year-on-year, attributed to client project scheduling [4] - The mass production business generated revenue of 408 million yuan, reflecting a year-on-year growth of 20.47% [4] - The company reported that new orders for chip design business in the second quarter exceeded 700 million yuan, a year-on-year increase of over 350% [4] - As of the end of the second quarter of 2025, the company had an order backlog of 3.025 billion yuan, with nearly 90% of this backlog coming from the one-stop chip customization business [4]