Intchains Group Limited Q2 FY2025 Earnings Call
· Earnings call transcript and AI-powered summary
- Revenue: RMB 43.2 million (USD 6 million), down from Q2 2024 due to lower mining machine sales impacted by Aleo price drop and export tariffs.
- Cost of Revenue: RMB 32.9 million (USD 4.6 million), a 20% decrease from Q2 2024, aligned with lower revenues and inventory impairment charges.
- Operating Expenses: RMB 26.4 million (USD 3.7 million), down 10.2% YoY.
- Operating Income: Loss of RMB 16.2 million (USD 2.3 million) vs. profit of USD 8 million in Q2 2024.
- Interest Income: Decreased to RMB 3.1 million (USD 0.4 million), reflecting capital allocated to ETH acquisition.
- Fair Value Gain on Cryptocurrencies: RMB 42.8 million (USD 6 million), driven by 1,793 ETH unit increase and a 34% rise in ETH price from Q1 2025.
- Net Income: RMB 38.3 million (USD 5.3 million), boosted by crypto valuation gains despite weak core revenues.
H1 2025 Highlights
- Revenue: RMB 175.6 million (USD 24.5 million), supported by Aleo mining machine sales.
- Net Income: RMB 4.3 million (USD 0.6 million), impacted by lower gross profit and ETH price decline of 28% over 6 months.
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