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
Founded 2001-08-21
Listing 2020-08-18
Domicile Shanghai
STAR Theme New Generation IT
CSRCSector Information transmission, software and IT
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share -0.06 -0.10 -0.50
R&D expenditure as a % of operating revenue 35.25% 31.72% 32.85%
Operating Revenue 1,506.13 1,339.91 1,057.50
Net Income -25.57 -41.17 -67.80

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,506.13 1,339.91 1,057.50
Operating Costs 1,513.21 1,364.28 1,116.20
Operating Income -7.08 -24.37 -58.70
Pretax Income -8.23 -23.92 -58.31
Income Tax 17.34 17.25 9.49
Net Income -25.57 -41.17 -67.80

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2,609.25 985.69 677.29
Non-current Assets-Total 585.98 513.09 495.63
Total Assets 3,195.23 1,498.78 1,172.92
Current Liabilities-Total 557.46 514.90 923.10
Non-current Liabilities-Total 11.32 22.39 78.68
Total Liabilities 568.78 537.29 1,001.78
Stockholder's Equity
Share Capital 4,292.69 2,600.55 2,086.20
Retained Profits -1,666.24 -1,639.06 -1,915.07
Total Owners' Equity 2,626.45 961.49 171.14

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -125.40 -65.43 -698.14
Net Cash Flows-Investing -1480.92 -360.52 118.54
Net Cash Flows-Financing 1,661.40 401.05 123.82

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
VeriSilicon Limited 77.88 15.95
Wealth Strategy Holding Limited 41.84 8.57
China Integrated Circuit Industry Investment Fund Co., Ltd. 34.72 7.11
VeriSilicon Microelectronics (Shanghai) Co., Ltd. Unconfirmed Shareholders' Security Joint Account 33.31 6.82
Hubei Xiaomi Yangtze River Private Equity Fund 27.19 5.57
Gongqingcheng Shixing Investment Partnership (Limited Partnership) 26.28 5.38
Jiaxing Haicheng Investment Partnership (Limited Partnership) 22.05 4.51
Jiaxing Junxiang Investment Partnership (Limited Partnership) 17.96 3.68
Jiaxing Junlang Investment Management Partnership (Limited Partnership) 17.63 3.61
Hefei Huaxin Yiyuan Investment Partnership (Limited Partnership) 17.22 3.53
As of 2021-03-31

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