芯片巨头披露：营收、在手订单创新高

Core Viewpoint - The company, Chip Origin, reported record-high revenue and orders for Q3 2025, driven by the growth in AI computing power and a surge in demand for custom chips, particularly AI ASICs [1][3][4]. Group 1: Financial Performance - For Q3 2025, Chip Origin expects to achieve a revenue of 1.284 billion yuan, marking a significant quarter-on-quarter increase of 119.74% and a year-on-year increase of 78.77% [4]. - The revenue breakdown includes 429 million yuan from chip design services (up 291.76% quarter-on-quarter, 80.67% year-on-year), 609 million yuan from volume production (up 133.02% quarter-on-quarter, 158.12% year-on-year), and 213 million yuan from intellectual property licensing (up 14.14% quarter-on-quarter, flat year-on-year) [4]. - The company anticipates a substantial narrowing of losses for Q3 compared to both the previous quarter and the same quarter last year, attributed to high order levels and effective resource allocation [4]. Group 2: Order Growth and Market Position - Chip Origin signed new orders worth 1.593 billion yuan in Q3 2025, representing a year-on-year increase of 145.80%, with approximately 65% of these orders related to AI computing [7]. - The total new orders for the first three quarters of 2025 reached 3.249 billion yuan, surpassing the total new orders for the entire year of 2024 [7]. - The company has maintained a high level of backlog orders for eight consecutive quarters, with an estimated backlog of 3.286 billion yuan at the end of Q3 2025, where nearly 90% of the backlog is from custom chip services, and about 80% is expected to convert to revenue within a year [8]. Group 3: Strategic Partnerships - Chip Origin has established deep strategic partnerships with major companies, including Samsung, Google, Amazon, Microsoft, Baidu, Tencent, and Alibaba, enhancing its market position as a leader in AI ASICs [4][5].