Core Viewpoint - The company, Chip Original Co., Ltd., anticipates significant revenue growth in Q2, driven by increases in intellectual property licensing fees and volume business revenues [2] Revenue Performance - The company expects to achieve approximately 584 million yuan in revenue for Q2, representing a 49.9% increase quarter-over-quarter [2] - Projected intellectual property licensing fee revenue is 187 million yuan, showing a quarter-over-quarter increase of 99.63% and a year-over-year increase of 16.97% [2] - Volume business revenue is expected to reach 261 million yuan, with a quarter-over-quarter increase of 79.01% and a year-over-year increase of 11.65% [2] Profitability and Orders - The company anticipates continued improvement in profitability, with a significant reduction in quarterly losses [2] - As of the end of Q2 2025, the company expects a backlog of orders amounting to 3.025 billion yuan, marking a 23.17% increase from the end of Q1 2025 and setting a new historical high [2] - Nearly 90% of the current backlog consists of one-stop chip customization orders, indicating a strong demand for chip design services [2] Future Outlook - The company plans to allocate more R&D resources to customer projects as chip design orders increase, leading to a decrease in the proportion of R&D investment [2] - Approximately 81% of the existing orders are expected to be converted within one year, providing a solid foundation for future revenue growth [2]