芯原股份预计第三季度营收12.84亿元

Core Insights - The company expects to achieve a record high revenue of 1.284 billion yuan in Q3 2025, with a significant quarter-on-quarter increase of 119.74% and a year-on-year increase of 78.77% [2] - The company anticipates a substantial improvement in profitability, with a significant reduction in quarterly losses compared to both the previous quarter and the same quarter last year [2] - New orders signed in Q3 2025 are projected to reach 1.593 billion yuan, representing a year-on-year increase of 145.80% [2] Revenue Breakdown - The company expects to generate 429 million yuan from chip design services in Q3 2025, with a quarter-on-quarter growth of 291.76% and a year-on-year growth of 80.67% [2] - Revenue from mass production services is anticipated to be 609 million yuan, reflecting a quarter-on-quarter increase of 133.02% and a year-on-year increase of 158.12% [2] - The company projects 213 million yuan in revenue from intellectual property licensing fees, with a quarter-on-quarter growth of 14.14% and year-on-year figures remaining stable [2] Order Status - The company expects to sign new orders worth 1.593 billion yuan in Q3 2025, with approximately 65% of these related to AI computing [3] - Cumulative new orders for the first three quarters are projected to reach 3.249 billion yuan, surpassing the total new orders for the entire year of 2024 [3] - 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 [3] Business Model and Market Position - The company provides comprehensive, one-stop chip customization services and semiconductor IP licensing, leveraging its proprietary semiconductor IP [3] - The company is recognized as "China's first semiconductor IP stock" and ranks first in China's semiconductor IP licensing market share and eighth globally for 2024 [3] - In the AI ASIC sector, the company has launched a chip customization platform solution for various AI applications, with AI-related revenue accounting for approximately 52% of its chip design revenue in the first half of 2025 [4]