Home > News content

Huawei cut off the revenue of IP licensing business in the Cambrian Period

via:CnBeta     time:2020/5/9 8:07:16     readed:535

Not long ago, the Cambrian prospectus disclosed a sharp decline in 2019 results, which attracted the Shanghai Stock Exchange to inquire.On the evening of May 7, Cambrian replied to the examination inquiry letter of application documents. Among the more than 20 questions answered by Cambrian, the specific reasons for the sharp decline of its main business and problems such as major customer company a attracted the attention of the industry.

understand that in the previous Cambrian prospectus disclosed that its terminal intelligent processor IP products are mainly 1 A、1H and 1 series. Within the reporting period, the proportion IP authorized business income to the main business income was 98.95%,99.69% and 15.49%, respectively. In 2019, it showed a sharp downward trend, and the income mainly came from two products of Cambrian A and 1 H, and the company A as the main customer.

To this end, the Shanghai Stock Exchange inquired about whether the issuer is facing technical difficulties or barriers in product research and development due to the sharp decline in revenue of IP licensing business in 2019, and whether the company a is unable to continue to purchase the issuer's products due to the failure of products to meet customer requirements.

In response, Cambrian said that during the reporting period, the sales amount of Cambrian to company a was 7.7127 million yuan, 114.2564 million yuan and 63.658 million yuan, accounting for 100.00%, 97.94% and 92.56% of the sales revenue of terminal intelligent processor IP authorized business. The purchase of Cambrian IP by company a had a great impact on the company's business revenue.

During the reporting period, Cambrian and company a signed four technology license contracts, including processor IP, software, etc. In addition to the above-mentioned contracts, no other cooperation was concluded between Cambrian and company a during the reporting period, mainly because company a chose to develop its own intelligent processor and did not continue to purchase Cambrian IP products. With the gradual completion of these contracts in the reporting period, and no new contract has been signed between Cambrian and company a, the sales of Cambrian to company a decreased in 2019.

Not only that, in the reporting period, in addition to company A, Cambrian other terminal intelligent processor IP business customers are mainly Hangzhou Boya Hongtu Video Technology Co., Ltd., Xiamen Xingchen Technology Co., Ltd., Zhanxun Communications (Shanghai) Co., Ltd. Because these customers artificial intelligence chip related business is still in the development stage, the purchase amount for the company's IP products is small, the average annual purchase amount is about 1 million yuan to 2 million yuan, and the contribution to the company's terminal intelligent processor IP authorized business income situation is relatively small.

It is worth noting that when explaining company a, Cambrian said that company a is a well-known domestic IC design company, and its parent company is a well-known global technology group company, and also the world's leading ICT (information and communication) infrastructure and intelligent terminal provider.

Moreover, at the end of the inquiry letter, the SSE also raised questions about the exemption of information disclosure. The issuer did not state the composition of the ESOP in the application for exemption from information disclosure. At the same time, according to the confidentiality clause in the business contract signed with the customer, the company applies for exemption from disclosing the names of some customers, replacing them with codes. However, the company's official website published the article "Cambrian 1H's blessing of Huawei Kirin 980 brings more end-to-side AI computing power", and the article "China Science dawn: strategic cooperation with Cambrian, launching joint R & D products of both sides" was published in China securities online.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments