China Economic Net, Beijing, January 23 - VeriSilicon (688521.SH) recently released its 2024 annual results forecast announcement. According to the preliminary calculation of the financial department, the company expects to achieve operating income of about 2.323 billion yuan in 2024, which is basically the same as that in 2023. It is estimated that the net profit attributable to the owners of the parent company in 2024 will be about -613 million yuan, a year-on-year decrease of about 317 million yuan compared with the same period last year (statutory disclosure data). It is estimated that the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses in 2024 will be about -646 million yuan, a year-on-year decrease of about 328 million yuan compared with the same period last year (statutory disclosure data). 

In 2023, the company achieved operating income of 2.338 billion yuan, net profit attributable to owners of the parent company of -296 million yuan, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses of -318 million yuan. 

VeriSilicon was listed on the Science and Technology Innovation Board on August 18, 2020, with an issue of 48,319,300 shares at an issue price of 38.53 yuan per share, and the highest price of the stock was 174.00 yuan on the same day, the highest price since listing, closing at 148.00 yuan, an increase of 284.12%. 

The sponsor of VeriSilicon is China Merchants Securities, the joint lead underwriter is Haitong Securities, and the sponsor representatives are Wu Hongxing and Wang Bingquan. 

VeriSilicon raised a total of RMB1.862 billion, with a net proceeding of RMB1.678 billion after deducting issuance expenses. VeriSilicon's net proceeds were RMB888 million more than originally planned. According to the prospectus released by VeriSilicon on August 13, 2020, the company plans to raise 790 million yuan, which will be used for the development and industrialization of IP application solutions and system-on-chip customization platforms for smart wearable devices, the development and industrialization of IP application solutions and system-on-chip customization platforms for smart cars, IP application solutions and chip-on-chip customization platforms for smart homes and smart cities, the development and industrialization of system-on-chip customization platforms for smart cloud platforms, and R&D center upgrade projects. 

VeriSilicon's listing and issuance expenses amounted to RMB184 million, of which sponsorship and underwriting expenses amounted to RMB164 million. 

According to the listing announcement, VeriSilicon's strategic placement investor is China Merchants Securities Investment Co., Ltd. (a related company of the sponsor participating in the co-investment), and the final strategic placement number is 1.5572 million shares, with a co-investment ratio of 3.22% of the number of public offerings and a co-investment amount of 60 million yuan. The lock-up period is 24 months from the date of listing of the shares. 

VeriSilicon's 2023 plan for issuing A shares to specific targets (revised draft) shows that the total amount of funds raised by the company through the issuance of A shares to specific targets will not exceed 180,685.69 million yuan (including the principal amount), and the net amount of the total funds raised this time after deducting the issuance expenses will be used for the research and development projects of the Chiplet solution platform in the field of AIGC and smart mobility. A new generation of IP R&D and industrialization projects for AIGC, graphics processing and other scenarios.