Intchains Group Limited (ICG) Q3 2024 Earnings Call Transcript Summary
Intchains Group Limited (ICG) Q3 2024 Earnings Call Transcript Summary
Net income was CNY 3.2 million (USD 450,000), while non-GAAP adjusted net income was CNY 19.1 million (USD 912,000), showing a turnaround from a loss in the previous year.The following is a summary of the Intchains Group Limited (ICG) Q3 2024 Earnings Call Transcript:
以下是聪链集团有限公司（ICG）2024年第三季度业绩会的摘要：
Financial Performance:
财务表现：
Third quarter revenue reached CNY 60.3 million (USD 8.6 million), showing a significant year-on-year increase of 781%.
Gross margin reached 67.7%, the highest level since Q1 2023, primarily driven by the higher margins of new ASIC chip products.
Net income was CNY 3.2 million (USD 450,000), while non-GAAP adjusted net income was CNY 19.1 million (USD 912,000), showing a turnaround from a loss in the previous year.
第三季度营业收入达到6030万人民币（860万美元），同比大幅增长781%。
毛利率达到67.7%，是自2023年第一季度以来的最高水平，主要得益于新ASIC芯片产品的更高毛利。
净利润为320万人民币（45万美元），而非GAAP调整后的净利润为1910万人民币（91.2万美元），与去年亏损相比实现了扭转。
Business Progress:
业务进展：
Continued emphasis on the cryptocurrency sector with a launch of Goldshell Pay and plans to release a hardware crypto wallet in Q4.
Advanced in ASIC chip sales, particularly in designs for Kaspa, Alephium, Dogecoin, and Litecoin mining with a 26% increase in ASIC chip sales volume year-over-year.
Ether holdings grew by 71.7% reaching 4,149 Ether by the end of the quarter as part of the crypto accumulation strategy.
继续强调数字货币板块，推出Goldshell Pay并计划在第四季度发布硬件加密钱包。
在ASIC芯片销售方面取得进展，特别是在针对Kaspa、Alephium、狗狗币和莱特币挖矿的设计上，ASIC芯片销售成交量同比增加26%。
以太坊持有量在季度末增长了71.7%，达到了4,149个以太坊，这使其成为数字货币积累策略的一部分。
Opportunities:
机会：
The launch of hardware crypto wallet in Q4 aims to enhance the complete payment product line and application ecosystem.
Renewed optimism in the cryptocurrency market due to prospects of pro-crypto regulations following the U.S. presidential election results.
第四季度推出的硬件数字货币钱包旨在增强完整的支付产品线和应用生态系统。
由于美国总统选举结果之后亲数字货币法规前景的乐观情绪，数字货币市场恢复了信心。
Risks:
风险：
Reported a loss on fair value of cryptocurrency of CNY 13.1 million (USD 1.9 million) due to market volatility affecting Ether prices, which decreased by 24.2% from the end of Q2 to the end of Q3 2024.
由于市场波动影响以太坊价格，报告显示数字货币公允价值损失为1310万人民币（190万美元），从2024年第二季度末到第三季度末下降了24.2%。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。
