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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

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Post by JohnT121on Jan 16, 2011 5:44pm
325 Views
Post# 17981112

Financing looks bright with SG on board

Financing looks bright with SG on board

Shandong Gold expects 2010 net profit to rise 50%

Jan. 14, 2011 (China Knowledge) - Shandong Gold Mining Co<600547>,the third-largest bullion producer in China, announced yesterday thatit expected its net profit for 2010 to surge more than 50% year on year.

Thegold producer said in a statement that the strong growth in net profitwas due to an increase in gold output, rising gold prices and effectivecost control.

In 2009, the company's net profit was RMB 746 million, and earnings per share were RMB 0.52.

Inthe first three quarters of last year, Shandong Gold booked a netprofit of RMB 933.32 million, 49.06% more than in the same period of2009, and its core business revenue surged 57.42% year on year to RMB24.28 billion.

The gold producer on Tuesday issued RMB 1.2billion in five-year notes. The company plans to use RMB 600 million ofthe proceeds to repay bank loans and RMB 600 million to fund thedevelopment of two iron ore mines.




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