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 2023 年度持续督导培训情况的报告 深圳证券交易所： （七）培训内容：上市公司治理的相关要求、信息披露的相关法律法规及具 体要求、募集资金规范使用、关联交易、内幕交易及资金占用的防范等持续督导 关注事项。 二、上市公司的配合情况 保荐机构本次持续督导培训的工作过程中，公司积极予以配合，保证了培训 工作的有序进行，达到了良好效果。 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）根据《深圳证 券交易所上市公司自律监管指引第 13 号——保荐业务》等相关规定，对北京华 大九天科技股份有限公司（以下简称"华大九天"、"公司"）进行了 2023 年度持 续督导培训，报告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：中信证券股份有限公司 （二）保荐代表人：罗峰、何洋 （三）培训时间：2024 年 4 月 26 日 （四）培训地点：华大九天办公室现场及线上会议 （五）培训人员：中信证券华大九天持续督导项目组 （六）培训对象：公司全体董事、监事、高级管理人员 三、本次持续督导培训的结论 保荐机构按照《深圳证券交易所上市公司自律监管指引第 13 号 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [1][13]. Core Insights - The company experienced rapid business growth, with 2023 revenue reaching 1.01 billion yuan, a year-on-year increase of 26.61%, and a net profit of 201 million yuan, up 8.20% year-on-year. In Q1 2024, revenue was 213 million yuan, growing 33.59% year-on-year, while net profit decreased by 63.75% to 8 million yuan [1][2]. - The EDA software segment showed significant growth, with sales reaching 905 million yuan in 2023, a 33.56% increase year-on-year. However, the technical development services and hardware/software sales segments saw declines [2]. - The company is expanding its product offerings, including new EDA tools for storage and RF circuit design, and is benefiting from the growing domestic demand for integrated circuits [2]. - Increased R&D investment is aimed at enhancing core competencies in integrated circuit design and manufacturing, with R&D expenses rising to 67.77% of total expenses in 2023 [2]. - The company anticipates revenue growth of 30.7%, 29.2%, and 26.7% for 2024, 2025, and 2026, respectively, with adjusted net profit forecasts reflecting a decline in 2024 followed by recovery in subsequent years [2][3]. Financial Summary - In 2023, total revenue was 1,010 million yuan, with a projected increase to 1,321 million yuan in 2024, 1,707 million yuan in 2025, and 2,163 million yuan in 2026 [3]. - The net profit for 2023 was 201 million yuan, with forecasts of 175 million yuan in 2024, 275 million yuan in 2025, and 395 million yuan in 2026 [3]. - The gross margin for 2023 was 93.78%, with a slight increase expected in the following years, while the net margin is projected to decline in 2024 before improving [2][3].

Investment Rating - The report maintains an "Outperform" rating for the company [6]. Core Insights - The company reported a revenue of 1.01 billion yuan for 2023, representing a year-on-year growth of 26.6%, and a net profit attributable to shareholders of 201 million yuan, up 8.2% year-on-year [6][8]. - In Q1 2024, the company achieved a revenue of 213 million yuan, a significant increase of 33.6% year-on-year, although the net profit dropped to 7.67 million yuan, a decline of 63.8% year-on-year due to stock incentive expenses [6][8]. - The EDA software sales revenue reached 905 million yuan in 2023, growing by 33.6%, with strong performance in digital circuit design and wafer manufacturing EDA tools [6][8]. Summary by Sections Market Data - Closing price: 80.61 yuan - Market capitalization: 21,146 million yuan - Price-to-book ratio: 9.0 [3]. Financial Data - As of March 31, 2024, the company's net asset per share was 8.92 yuan, and the debt-to-asset ratio was 10.96% [4]. Revenue and Profit Forecast - Projected total revenue for 2024 is 1.37 billion yuan, with a year-on-year growth rate of 35.9% [8]. - Expected net profit for 2024 is 120 million yuan, reflecting a decrease of 40.2% year-on-year [8]. - The company anticipates continued growth in revenue and profit through 2026, with net profit projected to reach 490 million yuan by then [8]. Investment Analysis - The company is expected to incur stock incentive expenses of 203 million yuan, 145 million yuan, and 68 million yuan in 2024, 2025, and 2026 respectively, which will impact short-term profit but is seen as a long-term value driver [6]. - The estimated target market value is approximately 50.5 billion yuan based on the FCFF model [6].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown steady revenue growth in EDA software, with a 33.56% year-on-year increase in sales revenue for EDA software in 2023, reaching 905 million yuan [2][3] - The company is actively investing in R&D, with a research expense ratio of 67.77% in 2023, which increased by 6.79 percentage points year-on-year [3] - The company is positioned as a leading domestic EDA provider, benefiting from the trend of EDA localization, with over 600 global customers and strong partnerships in the semiconductor industry [3] Financial Performance - In 2023, the company achieved total revenue of 1.01 billion yuan, a year-on-year increase of 26.61%, and a net profit attributable to the parent company of 200.72 million yuan, up 8.20% year-on-year [2][3] - The company's gross margin improved to 93.78% in 2023, an increase of 3.53 percentage points compared to the previous year, with a gross margin of 96.58% in Q1 2024 [2][3] - The forecast for net profit attributable to the parent company for 2024-2025 has been adjusted downwards to 221 million yuan and 271 million yuan, respectively, with a new forecast for 2026 set at 327 million yuan [3] Market Data - The closing price of the company's stock is 78.20 yuan, with a market capitalization of approximately 42.46 billion yuan [5] - The company has a price-to-earnings (P/E) ratio of 211.53 based on the latest diluted earnings per share [9] R&D and Product Development - The company is focusing on new product development in digital design, with ongoing projects in comprehensive EDA tools for digital design and specific EDA tools for certain types of chip designs [3] - The R&D expense ratio increased to 87.32% in Q1 2024, indicating a strong commitment to innovation and product development [3]

计算机 公 2024年04月30日 司 报 华大九天(301269.SZ) 告 国内EDA龙头，持续投入助力产品能力提升 推荐 ( 维持 ) 事项： 公司发布2023年年报和2024年1季度报。2023年，公司实现营业收入10.10亿 股价:80.46元 元，同比增长26.61%；实现归母净利润2.01亿元，同比增长8.20%；实现扣 公 主要数据 非净利润0.64亿元，同比增长102.02%；拟每10股派发现金红利1.5元（含 行业 计算机 司 税），不送红股，不以资本公积转增股本。2024年1季度，公司实现营业收入 公司网址 www.empyrean.com.cn ...

Investment Rating - The report maintains a "Recommended" rating for the company [2] Core Insights - The company achieved a revenue of 1.01 billion yuan in 2023, representing a year-on-year growth of 26.61%. The net profit attributable to the parent company was 201 million yuan, up 8.20% year-on-year [1][2] - The EDA software sales contributed significantly to revenue, reaching 905 million yuan in 2023, a growth of 33.56%, increasing its share of total revenue from 84.90% to 89.56% [1] - The company continues to enhance its product matrix with new EDA tools, including a full-process EDA tool system for storage circuit design and a platform for compound RF circuit design [1] - The company has established strong partnerships with over 600 domestic and international clients, solidifying its position as an industry leader [1] Financial Performance Summary - In 2023, the company reported a gross margin of 93.78%, an increase of 3.91 percentage points year-on-year [1] - The forecast for net profit attributable to the parent company for 2024, 2025, and 2026 is 156 million, 265 million, and 377 million yuan respectively, with growth rates of -22.3%, 69.9%, and 42.3% [2][6] - The projected PE ratios for 2024, 2025, and 2026 are 278, 164, and 115 respectively [2][6] Revenue and Profit Forecast - The company expects to achieve revenues of 1.31 billion, 1.68 billion, and 2.14 billion yuan in 2024, 2025, and 2026, with growth rates of 29.7%, 28.1%, and 27.2% respectively [2][6] - The net profit forecast for 2024 is 156 million yuan, reflecting a decrease due to increased stock incentive expenses [1][2] Research and Development - R&D expenses for 2023 were 685 million yuan, a year-on-year increase of 40.72%, with 76% of total employees engaged in R&D [1] - The company has received international standard certifications for several of its new tools, enhancing its competitive edge in the market [1]

业绩简评 2024 年 4 月 28日，公司发布 2023 年报及2024 年一季报。公司 2023 年实现营业收入 10.1 亿元，同比增长 26.6%；扣除非经常 损益之后的净利润为0.64 亿元，同比增长 102.0%。分季度而言， 2023 年第四季度和2024 年第一季度营收分别为3.7亿元、2.1亿 元，分别同比增长17.6%、33.6%，2023 年第三季度以来，季度 营收增速呈现逐季回暖的趋势；扣非后归母净利润分别为0.45亿、 -0.16 亿元，若剔除当期股份支付费用影响，则扣非后归母净利润 分别为0.51 亿元、0.34 亿元，分别同比增长1433%、1880%。 经营分析 分业务而言，2023 年 EDA 软件销售营收为 9.0 亿元，同比增长 33.6%，下半年较上半年略有降速；技术开发和硬件业务分别同比 人民币(元) 成交金额(百万元) 下滑 8.2%和 24.8%，经营均有承压。分区域而言，公司 2023年 135.00 2,000 1,800 境外业务实现营收0.67 亿元，同比增长41.9%，快于境内 25.7% 125.00 1,600 的增速。 115.00 11 ,, 2 ...

Financial Performance - The company's revenue for Q1 2024 was CNY 213,459,772.37, representing a 33.59% increase compared to CNY 159,783,958.07 in the same period last year[4] - Net profit attributable to shareholders decreased by 63.75% to CNY 7,665,401.36 from CNY 21,146,215.92 year-on-year[4] - The net profit for Q1 2024 is CNY 7,665,401.36, a decrease of 63.7% compared to CNY 21,146,215.92 in Q1 2023[23] - Total operating income for Q1 2024 is CNY 12,680,140.06, down from CNY 21,002,103.42 in the same period last year[23] - The company reported a total comprehensive income of CNY 7,918,271.17 for Q1 2024, down from CNY 20,302,271.99 in Q1 2023[23] - Basic and diluted earnings per share for Q1 2024 are both CNY 0.0141, compared to CNY 0.0389 in Q1 2023[23] Cash Flow and Assets - The net cash flow from operating activities fell by 54.58% to CNY 62,998,454.64, down from CNY 138,695,093.25 in the previous year[4] - Cash flow from operating activities for Q1 2024 is CNY 62,998,454.64, a decline of 54.5% from CNY 138,695,093.25 in Q1 2023[25] - Cash and cash equivalents decreased to CNY 2,979,783,733.39 from CNY 3,102,995,840.76, a decline of approximately 3.9%[20] - Cash and cash equivalents at the end of Q1 2024 amount to CNY 2,979,783,733.39, compared to CNY 2,450,630,834.51 at the end of Q1 2023[26] - The company experienced a net cash outflow from investing activities of CNY 176,713,978.63 in Q1 2024, compared to a net outflow of CNY 308,657,762.51 in Q1 2023[25] - Operating cash inflows totaled CNY 429,838,289.81 in Q1 2024, slightly down from CNY 440,219,092.82 in the previous year[25] Expenses and Liabilities - The company reported a significant increase in sales expenses, which rose by 84.82% to CNY 41,267,219.23, primarily due to increased marketing personnel and travel frequency[9] - The company experienced a 52.92% increase in operating costs, amounting to CNY 7,293,511.96, attributed to the growth in technical service revenue[9] - The company recorded a 3999.49% increase in income tax expenses, totaling CNY 5,034,734.21, due to profitability in the current period[9] - Total operating costs for Q1 2024 were ¥249,061,128.26, up 34.5% from ¥185,223,918.09 in the previous period[22] - Research and development expenses amounted to ¥186,393,044.63, representing a 26% increase from ¥147,880,919.66 in the previous period[22] - Current liabilities decreased significantly to ¥362,251,480.15 from ¥491,626,412.89, a reduction of about 26.3%[20] - Non-current liabilities also decreased to ¥233,721,395.70 from ¥260,566,300.17, a decline of approximately 10.3%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,817, with the largest shareholder being China Electronics Corporation, holding 21.22% of the shares[11] - The top five shareholders hold a total of 279,618,520 shares, representing 50.00% of the total share capital[12] - The largest shareholder, Beijing Jiu Chuang Hui New Asset Management Partnership, holds 95,719,518 shares, accounting for 17.63% of the total[12] - The second-largest shareholder, China Electronics Corporation, holds 68,698,200 shares, representing 12.65% of the total[14] - The company has a total of 48,192,772 shares held by the National Integrated Circuit Industry Investment Fund, accounting for 8.88%[12] - The total number of shares held by the top ten unrestricted shareholders is 280,620,320, which is 50.00% of the total share capital[16] - The company reported a total of 69,700,000 shares held by China Electronics Investment Holdings, representing 12.84% of the total[14] - The company has no shares that are currently lent out in the margin trading business[14] - The total number of shares held by the top ten shareholders participating in the margin trading business is 0, indicating no participation[14] - The company has a total of 115,200,800 shares under lock-up, which will be released on July 28, 2025[16] - The company has not reported any changes in the number of shares lent out or returned in the margin trading business[14] Asset Overview - The company's total assets at the end of the reporting period were CNY 5,436,637,439.74, a decrease of 1.79% from CNY 5,535,537,490.15 at the end of the previous year[4] - The company's total assets decreased to ¥5,436,637,439.74 from ¥5,535,537,490.15, a decline of approximately 1.8%[20] - Accounts receivable decreased to ¥222,627,743.79 from ¥301,071,948.42, a reduction of about 26%[20] - Inventory increased to ¥52,286,666.85 from ¥48,137,645.00, an increase of approximately 4.5%[20] - The total equity attributable to shareholders increased to ¥4,840,664,563.89 from ¥4,783,344,777.09, an increase of about 1.2%[21]

北京华大九天科技股份有限公司 董事会审计委员会对会计师事务所 2023 年度 履职情况评估报告及履行监督职责情况的报告 根据《中华人民共和国公司法》、《中华人民共和国证券法》、《国有企业、上 市公司选聘会计师事务所管理办法》、《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》和《北京华大九天科技股份有限公司章程》、 《董事会审计委员会实施细则》等规定和要求，北京华大九天科技股份有限公司 （以下简称"公司"）董事会审计委员会本着勤勉尽责的原则，恪尽职守，认真 履职。现将审计委员会对公司 2023 年度年审会计师事务所 2023 年度履职评估及 履行监督职责的情况汇报如下： 一、2023 年年审会计师事务所的基本情况 （一）会计师事务所基本情况 大信会计师事务所（特殊普通合伙）（以下简称"大信会计师事务所"）成 立于 1985 年，2012 年 3 月转制为特殊普通合伙制事务所，注册地址为北京市海 淀区知春路 1 号 22 层 2206。大信会计师事务所在全国设有 32 家分支机构，在 香港设立了分所，并于 2017 年发起设立了大信国际会计网络，目前拥有美国、 加拿大、澳大利亚、德国、法 ...

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 年度日常关联交易预计的核查意见 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）作为北京华大 九天科技股份有限公司（以下简称"华大九天"或"公司"）首次公开发行股票 并在创业板上市的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券 交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号— —创业板上市公司规范运作》等有关规定，对华大九天 2024 年度日常关联交易 预计的事项进行了核查，核查情况及核查意见如下： | 关联交 | | | 关联 交易 | 合同签订金 | 截至披露日 | 2023 年度 | | --- | --- | --- | --- | --- | --- | --- | | 易类别 | 关联人 | 关联交易内容 | 定价 | 额或预计金 | 已发生金额 | 发生金额 | | | | | | 额 | | | | | | | 原则 | | | | | 销售商 | 中国电子信 息产业集团 | 软硬件销售、 | 市场 | | | | | 品、提 | 有限公司及 | 服务 | 定价 | 4,500.00 ...