Brief Introduction

VeriSilicon Microelectronics (Shanghai) Co., Ltd. (VeriSilicon, 688521.SH) is committed to providing customers with platform-based, all-round, one-stop custom silicon services and semiconductor IP licensing services leveraging its in-house semiconductor IP. Under the unique "Silicon Platform as a Service" (SiPaaS) business model, depending on the comprehensive IP portfolio, VeriSilicon can create silicon products from definition to test and package in a short period of time, and provides high performance and cost-efficient semiconductor alternative products for IDM, Fabless, system vendors (OEM/ODM) and large Internet companies, etc. VeriSilicon's business covers consumer electronics, automotive electronics, computer and peripheral, industry, data processing, Internet of Things and other applications.

VeriSilicon presents a variety of customized silicon solutions, including high-definition video, high-definition audio and voice, In-Vehicle Infotainment, video surveillance, IoT connectivity, data center, etc. In addition, VeriSilicon has five types of in-house processor IPs, namely GPU IP, NPU IP, VPU, DSP IP and ISP IP, and more than 1,400 analog and mixed signal IPs and RF IPs.

Founded in 2001 and headquartered in Shanghai, China, VeriSilicon has 6 design and R&D centers in China and the United States, as well as 11 sales and customer service offices worldwide. VeriSilicon currently has more than 1000 employees.

Company Overview

Full name VeriSilicon Microelectronics (Shanghai) Co., Ltd.
Abbreviations VeriSilicon
Code 688521.SH
Founded August 21, 2001
Listing August 18, 2020
Domicile Shanghai
Website www.verisilicon.com
Email IR@verisilicon.com
STAR Theme New Generation IT
CSRCSector Information transmission, software and IT services
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share -0.10 -0.50 -1.50
R&D expenditure as a % of operating revenue 31.72% 32.85% 30.71%
Operating Revenue 1,339.91 1,057.50 1,079.92
Net Income -41.17 -67.80 -128.15

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 1,339.91 1,057.50 1,079.92
Operating Costs 1,364.28 1,116.20 1,200.76
Operating Income -24.37 -58.70 -120.84
Pretax Income -23.92 -58.31 -120.24
Income Tax 17.25 9.49 7.91
Net Income -41.17 -67.80 -128.15

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 985.69 677.29 1,229.82
Non-current Assets-Total 513.09 495.63 424.26
Total Assets 1,498.78 1,172.92 1,654.08
Liabilities
Current Liabilities-Total 514.90 923.10 1,359.29
Non-current Liabilities-Total 22.39 78.68 5.80
Total Liabilities 537.29 1,001.78 1,365.09
Stockholder's Equity
Share Capital 2,600.55 2,086.20 1,812.04
Retained Profits -1,639.06 -1,915.06 -1,523.05
Total Owners' Equity 961.49 171.14 288.99

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating -65.43 -698.14 659.73
Net Cash Flows-Investing -360.52 118.54 -209.23
Net Cash Flows-Financing 401.05 123.82 110.79

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
VeriSilicon Limited 77.88 16.06%
VeriSilicon Microelectronics (Shanghai) Co., Ltd. Unconfirmed Shareholders' Security Joint Account 55.58 11.46%
Wealth Strategy Holding Limited 41.84 8.63%
China Integrated Circuit Industry Investment Fund Co., Ltd. 34.72 7.16%
Hubei Xiaomi Yangtze River Private Equity Fund 27.19 5.61%
Gongqingcheng Shixing Investment Partnership (Limited Partnership) 26.28 5.42%
Jiaxing Haicheng Investment Partnership (Limited Partnership) 22.05 4.55%
Jiaxing Junxiang Investment Partnership (Limited Partnership) 17.96 3.70%
Jiaxing Junlang Investment Management Partnership (Limited Partnership) 17.63 3.63%
Hefei Huaxin Yiyuan Investment Partnership (Limited Partnership) 17.22 3.55%
Note: Above-mentioned shareholding positions and are based on September 30, 2020, with total share capital of 485,014,463 shares.

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