Intchains Group Ltd. Reports 242.7% Surge in Sales for 2024, Achieves Net Profit of RMB 355.2 Million

Reuters

04-30

Intchains Group Ltd. Reports 242.7% Surge in Sales for 2024, Achieves Net Profit of RMB 355.2 Million

Intchains Group Ltd. has reported a substantial increase in sales for the fiscal year ending December 31, 2024, with revenues reaching RMB281.8 million (US$38.6 million), marking a 242.7% increase from RMB82.2 million in 2023. The company attributes this significant growth to a considerable rise in the average selling price of its altcoin mining products. The net income for the year was RMB51.5 million (US$7.1 million), a notable turnaround from a net loss of RMB26.8 million in the previous year. This improvement highlights the company's successful strategic initiatives and its ability to capitalize on favorable market conditions. Intchains Group Ltd. continues to focus on its core business of altcoin mining product sales and the strategic acquisition and development of Ethereum-based cryptocurrencies, along with innovative Web3 applications. This strategic direction appears to have positively impacted its financial performance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intchains Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-105589), on April 30, 2025, and is solely responsible for the information contained therein.

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Reports 242.7% Surge in Sales for 2024, Achieves Net Profit of RMB 355.2 Million\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-04-30 18:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Intchains Group Ltd. 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ID: 0001193125-25-105589), on April 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICG","symbol_name":"聰鏈","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250430:nNDL7cHL9R:1","article_id":"2531087231","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531087231","pubTimestamp":1746008520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Intchains Group Ltd. has reported a substantial increase in sales for the fiscal year ending December 31, 2024, with revenues reaching RMB281.8 million , marking a 242.7% increase from RMB82.2 million in 2023. 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