ASIC design service Shang Zhiyuan Technology announced its consolidated financial report for the second quarter of 2025 today (29th). The consolidated revenue was RMB 4.51 billion (the same below), a quarterly decrease of 39%, an annual increase of...
ASIC design service Shang Zhiyuan Technology announced its consolidated financial report for the second quarter of 2025 today (29th). The consolidated revenue was RMB 4.51 billion (the same below), a quarterly decrease of 39%, an annual increase of 70%, and a gross profit margin of 24.2%. The pure profit belonging to the parent company's owner is RMB 0.3 billion and a profit per share of RMB 0.10.
Reviewing the second season, Zhiyuan Technology pointed out that the performance of this season is a conflict between bulls and bears, which includes both negative effects from external factors and positive manifestations from business development. Among them, the second quarter merger received a quarterly decrease of 39% due to the appreciation of NT$ and the overall environment, while the cumulative revenue in the first half of the year exceeded the annual revenue of NT$11.95 billion.
From the product perspective, the second quarter of IP business received a quarterly recognition fluctuation and a quarterly decrease of 28% and a year-on-year decrease of 16%, which is NT$290 million; the NRE business income was 41 billion yuan, a quarterly decrease of 9% and a year-on-year decrease of 36%, mainly due to the adjustment of the advanced process case recognition schedule, and it is expected that the second half of the year will continue to be recognized; the volume (MP) income was 3.81 billion yuan, a quarterly decrease of 42% and a year-on-year increase of 130%, mainly due to the decline in advanced packaging business income.
Looking ahead to the third quarter, Chihara pointed out that although overall revenue expectations fell compared to the previous quarter, IP and NRE revenues are expected to increase compared to the previous quarter. Looking ahead, under the wave of AI expansion, the international market has diversified the demand for AI-attached chips. Zhiyuan will conduct positive development and cooperation based on various regions. At the same time, as customers' demand for integrated packaging solution increases, packaging business will gradually show its power and continue to inject and collect into the company.
Zhiyuan pointed out that although the operating environment in the second quarter was against the trend, the company's ASIC commissioned new project design reached a new high in the same period in the first half of the year. In addition to the stable demand for mature processes, advanced processes and packaging businesses also achieved good results. The company has continued to adjust its regional strategy and has obtained advanced process designs in Europe, the United States and Japan. In the first half of the year, the non-China region accounted for more than half, indicating that the company's strategy of promoting regional market diversification has begun to achieve results.
In terms of packaging services, Zhiyuan successfully obtained multiple packaging business projects in the first half of the year, and signed the first 3D packaging project in the second quarter. At present, the company has successfully obtained several design projects for AI-attached chips in the first half of the year. In the future, it will continue to deepen its roots in the African-Chinese market and focus on AI-attached applications.
Extended reading: The impact of exchange rate! The world's leading earnings per share in the last quarter was RMB 1.1, and the gross profit margin in Q3 fell to 25~27%. Transfer Taiwan's American packaging factories will start work as soon as next year to create localization of chip supply chains
