芯原股份遭6名股东减持，或合计套现超27亿

Core Viewpoint - The announcement of a share transfer by VeriSilicon Limited and other shareholders of VeriSilicon has led to a significant drop in the stock price of the company, reflecting investor concerns over the valuation and financial performance of the company [1][3]. Group 1: Share Transfer Details - On August 25, the company disclosed a share transfer pricing situation, with a preliminary transfer price set at 105.21 yuan, which represents a 33% discount compared to the closing price of 157.9 yuan on the same day [1]. - A total of 37 institutions participated in the share transfer inquiry, with a total cash-out amounting to 2.766 billion yuan [1]. - The transfer involves 26.29 million shares, accounting for 5.00% of the company's total share capital, primarily driven by the shareholders' need for liquidity [1][2]. Group 2: Shareholder Composition - VeriSilicon Limited is the largest shareholder, while Fucai Holdings Limited is the second largest. Other significant shareholders include Qiongcheng Shixing Investment Partnership and Jiaxing Haicheng Venture Capital Partnership, which are also acting in concert [2]. Group 3: Financial Performance - For the first half of 2025, the company reported revenues of 974 million yuan, a year-on-year increase of 4.49%, but incurred a net loss of 320 million yuan, which is an increase in losses by 35.04 million yuan compared to the previous year [3]. - In 2023, the company achieved revenues of 2.338 billion yuan but reported a net loss of 296 million yuan. In 2024, revenues slightly decreased to 2.322 billion yuan, while net losses widened to 601 million yuan [3]. - Despite the poor financial performance, the company's stock price has doubled since the beginning of the year until August 25 [3]. Group 4: Recent Positive Developments - In the second quarter of 2025, the company achieved revenues of 584 million yuan, reflecting a quarter-on-quarter growth of 49.90% [4]. - As of the end of the second quarter of 2025, the company had a backlog of orders amounting to 3.025 billion yuan, which is an increase of 569 million yuan from the end of the first quarter, representing a quarter-on-quarter growth of 23.17% [4]. - The company also signed new orders worth 1.182 billion yuan in the second quarter, marking a nearly 150% increase quarter-on-quarter [4].