证券代码：301269 证券简称：华大九天 公告编号：2025-025 北京华大九天科技股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次年度股东大会不存在否决议案的情形。 2、本次年度股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、召开时间： （1）现场会议时间：2025 年 5 月 20 日下午 2:30 （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 5 月 20 日 9:15—9:25，9:30—11:30 和 13:00—15:00； 4、会议召集人：公司董事会 5、现场会议主持人：公司董事长刘伟平先生 6、会议的召集、召开与表决程序符合《公司法》、《上市公司股东大会规 则》及《公司章程》等法律、法规及规范性文件的规定。 二、会议出席情况 1、股东出席情况 出席本次现场股东大会的股东及股东代理人共 6 人，代表股份为 95,720,518 股，占公司有表决权股份总数的 17.6300%。 1 通过网络投票出席会议的股东 169 人， ...

致：北京华大九天科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受北京华大九天科技股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会（以 下简称中国证监会）《上市公司股东会规则（2025 修订）》（以下简称《股东会规 则》）等中华人民共和国境内（以下简称中国境内，为本法律意见书之目的，不 包括中国香港特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法 律、行政法规、规章、规范性文件和现行有效的《北京华大九天科技股份有限公 司章程》（以下简称《公司章程》）有关规定，指派律师出席了公司于 2025 年 5 月 20 日召开的 2024 年度股东大会（以下简称本次股东大会），并就本次股东大 会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2022 年第二次临时股东大会审议通过的《公司章程》； 2. 公司 2025 年 4 月 28 日刊登于巨潮资讯网及深圳证券交易所网站的《北 京华大九天科技股份有限公司第二届董事会第十四次会议 ...

Group 1: EDA Technology Development - The company has achieved significant breakthroughs in EDA tools for various circuit designs, including analog, storage, RF, and digital circuits, with some tools reaching international leading levels [2][3] - The company aims to complete the development and market promotion of integrated circuit design tools within the next three years, achieving full domestic replacement of design tools and multiple products reaching international leading standards [4] - The company plans to accelerate the layout of EDA tools through independent research and development, cooperative development, and mergers and acquisitions [5] Group 2: Financial Performance and Incentives - The company approved a stock incentive plan on December 18, 2023, granting 8.69 million shares at a price of 51.22 CNY per share to 408 eligible participants [5] - The stock incentive plan price was adjusted to 51.07 CNY per share for an additional 2.17 million shares granted to 186 participants on November 4, 2024 [5] - The company’s stock payment expenses for 2024 are projected to be 178 million CNY [5] Group 3: Strategic Partnerships and Market Expansion - The company is a member of the TSMC EDA Alliance, providing integrated solutions from chip design to manufacturing [6] - The company has established over 30 joint laboratories with top universities and research institutions, focusing on core technical challenges in the EDA field [7] - The company is collaborating with China Electronics Group to enhance business development and asset quality post-acquisition [3][8] Group 4: Research and Development Investment - The company maintains a high R&D investment, with 2024 R&D expenses amounting to 868.12 million CNY, representing 71.02% of operating revenue [10] - The company plans to balance R&D investment with profitability, expecting the R&D expense ratio to decrease as market share expands [10] Group 5: Investor Relations and Governance - The company has implemented measures to protect minority investors, including establishing rules for shareholder meetings and ensuring timely information disclosure [10] - The company emphasizes communication with investors through various channels, including performance briefings and direct interactions [10] Group 6: AI Integration in EDA - AI technology is being integrated into EDA tools to enhance design efficiency and quality, with new tools like the Andes design automation platform incorporating AI features [7]

Investment Rating - The report maintains an "Outperform" rating for the computer industry, indicating a positive outlook compared to the market [3]. Core Insights - The report highlights significant developments in the domestic AI chip sector, particularly the upcoming launch of the Harmony PC and advancements in AI applications, which are expected to drive growth in the cloud computing market [3][4]. - The performance of major players like Meta and Tencent shows a mixed trend, with capital expenditures declining, raising concerns about market dynamics [4]. - The report emphasizes the increasing demand for AI applications, with a notable surge in the usage of large models, indicating a robust growth trajectory for the industry [63]. Summary by Sections Industry Data - In Q1 2025, the software industry revenue reached 3.15 trillion yuan, growing by 10.6% year-on-year, with profit margins also improving [12][13]. - The IC design sector showed the highest growth rate at 19.7%, driven by the demand for AI applications and the need for domestic chip production [17]. Domestic Developments - The report discusses the impact of U.S. export controls on AI chips, which have led to increased uncertainty for domestic server ecosystems [26][30]. - The launch of the Harmony PC on May 19, 2025, is seen as a critical step towards enhancing the domestic operating system landscape [56][58]. AI Sector - The report notes that the demand for AI applications has exploded, with daily token usage for the Doubao large model reaching 12.7 trillion, a 3.18-fold increase from December 2024 [63]. - The upcoming release of the DeepSeek-R2 model, which boasts 1.2 trillion parameters, is expected to be a focal point in the market [72]. Computing Power - The report indicates a clear differentiation in the performance of data center operators, with traditional IDC competition intensifying while AIDC is experiencing rapid growth [4]. - Major tech companies are increasing their capital expenditures for AI and core business investments, with Meta raising its investment range for 2025 to between 64 billion and 72 billion USD [4].

Investment Rating - The report maintains an "Outperform" rating for the computer industry relative to the Shanghai and Shenzhen 300 Index [1][4]. Core Insights - The report highlights significant developments in the domestic AI chip sector, particularly the upcoming launch of the Harmony PC and the acceleration of AI applications, which are expected to drive growth in cloud computing and related services [3][4][60]. - The report notes a clear trend of increasing investment in AI and cloud computing, with major companies like Meta raising their investment forecasts for generative AI [4][18]. - The report emphasizes the ongoing challenges posed by international export controls on AI chips, particularly affecting Chinese companies, while also noting the potential for domestic manufacturers to benefit from these restrictions [3][4][38]. Summary by Sections Industry Data - In Q1 2025, the software industry saw a revenue increase of 10.6% year-on-year, reaching 3.15 trillion yuan, with profits rising by 11.6% to 372.6 billion yuan [12][13]. - The IC design sector experienced a growth rate of 19.7%, making it the highest-performing sub-industry in the software sector [17]. Domestic Developments - The report discusses the impact of U.S. export controls on AI chips, which have led to increased uncertainty for domestic server ecosystems [26][30]. - The launch of the Harmony PC on May 19 is highlighted as a significant step towards the localization of operating systems in China [56][58]. AI Sector - The demand for AI applications surged in Q1 2025, with the daily token usage of the Doubao large model reaching 12.7 trillion, a 318% increase from December 2024 [63]. - The upcoming release of the DeepSeek-R2 model, which boasts 1.2 trillion parameters, is expected to be a focal point in the AI market [72]. Computing Power - The report notes a clear differentiation in performance among data center providers, with traditional IDC competition intensifying while AIDC is rapidly growing [4][18]. - Major tech companies are projected to continue their aggressive investment strategies in AI and cloud computing, with Meta increasing its investment range for 2025 to between 64 billion and 72 billion USD [4][18].

Investment Rating - The report suggests a positive investment outlook for the computer sector, highlighting significant investment opportunities due to recent tariff reductions between China and the US [6][7]. Core Insights - The easing of tariffs is expected to boost confidence in the computer sector, particularly benefiting companies previously affected by tariff sentiments and those in the AI industry chain and fintech segments [6][7]. - The report emphasizes the importance of companies with core technology, high growth potential, and domestic substitution capabilities for long-term investment [6][7]. - The computer sector's foreign revenue is approximately 12%, indicating limited direct impact from tariff policies, while holdings in the sector are at a historical low, suggesting potential for valuation recovery [7][8]. Summary by Sections Investment Highlights - The report notes that the computer sector achieved a total revenue of RMB 286.03 billion in Q1 2025, representing a year-on-year increase of 15.25%, with net profit attributable to shareholders rising by 193.52% [8]. - The report identifies key companies for investment, including Streamax Technology, Autel Intelligent Technology, and Beijing Kingsoft Office Software, among others [6][8]. Market Dynamics - The report highlights that the demand for IT investments from downstream clients is expected to continue rising, supported by domestic policy efforts and economic recovery [8]. - The growth logic of the sector is further strengthened by technological iterations and demand recovery, particularly in AI applications and domestic chip development [9].

Investment Rating - The report maintains an "Accumulate" rating for the company [2][4] Core Views - The company achieved a revenue of 1.22 billion yuan in 2024, representing a year-on-year growth of 20.98%, while the net profit attributable to the parent company was 109 million yuan, a decrease of 45.46% year-on-year [4] - The company is expanding its full-process advantages and plans to acquire Chip and Semiconductor to extend its capabilities [4] - The company has a strong customer base with nearly 700 global clients, covering major integrated circuit design companies, wafer manufacturers, packaging companies, and flat panel manufacturers [4] Revenue and Profit Forecast - The company forecasts revenues of 1.61 billion yuan in 2025, 2.02 billion yuan in 2026, and 2.49 billion yuan in 2027, with corresponding net profits of 137 million yuan, 172 million yuan, and 225 million yuan respectively [2][4] - The expected growth rates for revenue are 31.9% in 2025, 25.4% in 2026, and 23.2% in 2027 [6] Financial Metrics - The company's earnings per share (EPS) is projected to be 0.25 yuan in 2025, 0.32 yuan in 2026, and 0.41 yuan in 2027 [6] - The price-to-earnings (P/E) ratio is expected to be 463 in 2025, 368 in 2026, and 281 in 2027 [6] Strategic Initiatives - The company is enhancing its research and development investments, with R&D expenses projected to reach 1.09 billion yuan in 2025 and 1.36 billion yuan in 2026 [6] - The acquisition of Chip and Semiconductor is aimed at entering the integrated system design market, which is expected to complement the company's existing EDA product line [4]

北京华大九天科技股份有限公司 证券代码：301269 证券简称：华大九天 公告编号：2025-024 一、召开时间、地点及方式 关于举行 2024 年度暨 2025 年第一季度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 北京华大九天科技股份有限公司（以下简称"公司"）《2024 年年度报告》及 《2025 年第一季度报告》已分别于 2025 年 4 月 28 日、2025 年 4 月 29 日披露， 为了让投资者能进一步了解公司 2024 年度及 2025 年第一季度经营情况，公司将 于 2025 年 5 月 20 日（星期二）16:00-17:00 在"价值在线"（www.ir-online.cn） 举行 2024 年度暨 2025 年第一季度业绩说明会，与投资者进行沟通和交流，广泛 听取投资者的意见和建议。具体安排如下： （一）召开日期及时间：2025 年 5 月 20 日（星期二）16:00-17:00 （二）召开地点：价值在线（www.ir-online.cn） （三）召开方式：网络互动方式 （四）参与方式：投资者可于 2025 ...

中信证券股份有限公司 关于北京华大九天科技股份有限公司 2024 年度持续督导定期现场检查报告 | 保荐人名称：中信证券股份有限公司 被保荐公司简称：华大九天 | | --- | | （以下简称"中信证券"或"保荐人"） | | 保荐代表人姓名：罗峰 联系电话：010-60837549 | | 保荐代表人姓名：何洋 联系电话：021-20262372 | | 现场检查人员姓名：王金石 | | 现场检查对应期间：2024 年 1 月 1 日-2024 年 12 月 31 日 | | 现场检查时间：2025 年 4 月 21 日至 2025 年 4 月 22 日 | | 一、现场检查事项 现场检查意见 | | （一）公司治理 是 否 不适用 | | 现场检查手段： | | 查阅了上市公司最新章程、三会文件及议事规则，取得上市公司董事、监事、高 级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司董事、 | | 监事、高级管理人员的信息披露文件，查看上市公司生产经营场所，对上市公司 | | 高级管理人员进行访谈。 | | 1.公司章程和公司治理制度是否完备、合规 √ | | 2.公司章程和三会规则是否得 ...

Core Viewpoint - The company reported a revenue growth in 2024 but faced a significant decline in net profit, while the first quarter of 2025 showed positive trends in both revenue and net profit [1][2]. Financial Performance - In 2024, the company achieved a revenue of 1.22 billion, representing a year-on-year increase of 20.98%, while the net profit attributable to shareholders was 109 million, a decrease of 45.46% [1]. - For the first quarter of 2025, the company reported a revenue of 234 million, an increase of 9.77% year-on-year, and a net profit of 10 million, which is a year-on-year growth of 26.72% [2]. Industry Position and Growth - The company maintained a strong growth in software sales and technical services, solidifying its leading position in the domestic EDA (Electronic Design Automation) market. In 2024, EDA software sales reached 1.09 billion, up 20.71%, and technical service revenue was 115 million, up 40.01% [3]. - As one of the earliest companies engaged in EDA research and development in China, the company has become the largest and most comprehensive EDA enterprise domestically, holding the top market share among local EDA companies in 2024 [3]. Research and Development - The company emphasizes continuous R&D innovation, with R&D expenses amounting to 868.12 million in 2024, accounting for 71.02% of its revenue. It has achieved full-process tool coverage in various circuit design fields and is enhancing its coverage in other EDA areas [3]. - On March 31, 2025, the company announced a plan to acquire 100% of Chip and Semiconductor, aiming to build a comprehensive EDA solution from chip to system level, thereby enhancing the domestic EDA ecosystem [3]. Product and Customer Base - The company's EDA tool software and services cover multiple fields, including various circuit designs and wafer manufacturing. It has nearly 700 global customers, establishing a strong reputation in the industry [4]. - In 2024, the company achieved over 50% coverage in domestic process nodes for PDK (Process Design Kit), with plans for full coverage in the next two to three years [4]. Revenue Forecast - The company forecasts total revenues of 1.65 billion, 2.12 billion, and 2.68 billion for 2025, 2026, and 2027, respectively, with growth rates of 35.28%, 28.47%, and 26.04%. The net profit attributable to shareholders is expected to be 220 million, 337 million, and 470 million, reflecting year-on-year growth of 100.84%, 53.37%, and 39.51% [4].