芯原股份：在手订单已连续七个季度保持高位

Core Insights - The company has achieved a record high in backlog orders, maintaining a high level for seven consecutive quarters [1] - As of the end of Q2 2025, the total backlog amount reached 3.025 billion yuan, an increase of 569 million yuan from the end of Q1 2025, representing a quarter-on-quarter growth of 23.17% [1] - Nearly 90% of the backlog orders at the end of Q2 2025 are attributed to the one-stop chip customization business [1] - The expected conversion rate of backlog orders within one year is approximately 81%, which will support future revenue growth for the company [1]