Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2023, representing a year-on-year increase of 20%[15]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2023, which reflects a growth target of 25% compared to 2022[15]. - The company's operating revenue for the reporting period reached ¥404,834,819.33, representing a year-on-year increase of 51.92% compared to ¥266,487,581.85 in the same period last year[21]. - Net profit attributable to shareholders was ¥83,810,436.53, a significant increase of 107.30% from ¥40,428,729.09 in the previous year[21]. - The net profit after deducting non-recurring gains and losses surged by 368.79% to ¥14,989,786.99 from ¥3,197,536.98 in the same period last year[21]. - Basic and diluted earnings per share increased by 65.84% to ¥0.1544 from ¥0.0931 in the same period last year[21]. - The company achieved a sales revenue of 798 million yuan in 2022, representing a year-on-year growth of 37.76%, maintaining over 50% market share in the domestic EDA sector[71]. - The company reported a significant increase in cash outflows from investment activities, with a net cash flow of -¥798,717,201.63, up 250.52% year-on-year[89]. Research and Development - Research and development expenses increased by 30% to RMB 150 million, focusing on advanced semiconductor technologies[15]. - The company has invested CNY 31,379.37 million in R&D for EDA tools in the integrated circuit design and manufacturing sector as of June 30, 2023[35]. - Research and development expenses amounted to 313.79 million yuan, accounting for 77.51% of total revenue, indicating a strong focus on R&D investment[82]. - The company is focusing on innovations in design methodologies to reduce chip design costs and improve efficiency, which is crucial in the post-Moore's Law era[31]. - The company launched new EDA tools for storage circuit design and RF circuit design during the reporting period[37]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[15]. - The company aims to enhance its EDA tool offerings across various circuit design areas, including analog, digital, and advanced packaging, to capture more market share[30]. - The company is committed to increasing R&D investment and expanding its market share in response to the competitive landscape in the EDA industry[123]. - The company has established subsidiaries in the US, South Korea, and several cities in China, enhancing regional strategic collaboration and customer engagement[76]. Risks and Challenges - The company faces potential risks related to supply chain disruptions and regulatory changes, which have been outlined in the risk management section of the report[3]. - The company faces risks related to market competition, particularly from major international firms like Synopsys and Siemens EDA, and plans to increase R&D investment to enhance competitiveness[123]. - The company aims to mitigate risks from international trade friction by analyzing potential impacts and developing response strategies[125]. - The management emphasizes the importance of maintaining a strong cash position to navigate market uncertainties[3]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for the current fiscal year[4]. - The annual shareholders' meeting had a participation rate of 64.99% on May 19, 2023[130]. - The company did not distribute cash dividends or issue bonus shares for the first half of 2023[132]. Asset Management - Total assets at the end of the reporting period were ¥5,338,351,385.46, a decrease of 1.06% from ¥5,395,667,290.61 at the end of the previous year[21]. - The company's cash flow from operating activities decreased by 9.37% to ¥187,546,120.15, down from ¥206,932,509.99 in the previous year[21]. - The company's cash and cash equivalents decreased by 976.01% to -¥708,731,466.40, primarily due to increased cash outflows from cash management activities[89]. - The total amount of raised funds is CNY 346,602.55 million, with CNY 23,199.16 million invested during the reporting period[106]. Technological Advancements - AI technology is increasingly playing a crucial role in EDA, aiming for fully automated design tools within 24 hours for SoC, SiP, and PCB designs[32]. - Cloud technology in EDA helps mitigate R&D risks and enhances production efficiency by providing flexible computing resources[33]. - The company has developed unique array display optimization technology to improve the efficiency and accuracy of storage circuit design[44]. - The company launched a complete EDA tool system for RF circuit design, the only one of its kind in China, integrating various tools for model extraction, schematic editing, and physical verification[49]. Client and Market Presence - The company serves approximately 600 domestic and international clients as of June 30, 2023, reflecting its strong market presence[71]. - The company’s EDA tools are utilized in various applications, including consumer electronics, smart terminals, and automotive electronics[42]. - The company has been recognized with multiple industry awards, highlighting its strong product capabilities and market leadership in the EDA sector[72].

Group 1: Company Overview and Product Development - The company has developed over 60 types of EDA core tools, with more than 30 types commercialized, covering mainstream EDA tools [1] - Future development plans focus on three areas: completing the product line, enhancing support for advanced processes (5nm and 7nm), and driving product innovation and optimization [1] Group 2: Market Demand and Performance - The domestic EDA market is experiencing growth, with increasing adoption of domestic EDA products by integrated circuit design companies and wafer manufacturers [2] - In Q1 2023, the company achieved revenue of approximately 160 million, a year-on-year increase of about 65%, and a net profit of approximately 21.15 million, up about 102% [2] Group 3: Industry Collaboration and Talent Development - The company emphasizes collaboration with upstream and downstream partners in the industry chain to promote EDA ecosystem development [3] - In 2022, the company focused on talent cultivation through joint training programs and participation in industry competitions [3] Group 4: R&D Investment and Future Growth - The company maintains a high level of R&D investment, with expenses of approximately 304.55 million in 2021 and 486.65 million in 2022, representing about 53% and 61% of revenue, respectively [3] - As of December 31, 2022, the company had 552 R&D personnel, accounting for 76% of total employees, primarily with graduate degrees [3] Group 5: Competitive Advantages of Full-Process Tools - Full-process tool systems enhance market competitiveness and provide better data compatibility and cost efficiency compared to using point tools from multiple EDA vendors [3]

证券代码：301269 证券简称：华大九天 公告编号：2023-018 北京华大九天科技股份有限公司 关于举行 2022 年度暨 2023 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"）《2022 年年度报告》及 《2023 年第一季度报告》已于 2023 年 4 月 28 日披露，为了让投资者能进一步 了解公司 2022 年度及 2023 年第一季度经营情况，公司将于 2023 年 5 月 11 日 （星期四）15:00-17:00 举行 2022 年度暨 2023 年第一季度业绩说明会。本次业 绩说明会系深圳证券交易所系列业绩说明会"数字经济破潮头"主题特定活动。 具体安排如下： 一、召开时间、地点及方式 （一）召开日期及时间：2023 年 5 月 11 日（星期四）15:00-17:00 （二）召开地点：深圳证券交易所上市大厅 （三）召开方式：图文与直播视频转播 （四）参与方式：本次业绩说明会将通过深圳证券交易所提供的"互动易" 平台举行，投资者可登录深圳证券交易所"互动易"平 ...

Financial Performance - The company's operating revenue for 2022 was ¥798,060,770.75, representing a 37.76% increase compared to ¥579,302,046.77 in 2021[13]. - The net profit attributable to shareholders for 2022 was ¥185,508,367.58, up 33.17% from ¥139,305,915.64 in the previous year[13]. - The net cash flow from operating activities for 2022 was ¥445,611,041.44, an increase of 42.70% from ¥312,279,431.74 in 2021[13]. - The total assets at the end of 2022 reached ¥5,395,667,290.61, a significant increase of 199.50% from ¥1,801,574,166.17 at the end of 2021[13]. - The net assets attributable to shareholders at the end of 2022 were ¥4,652,089,046.87, up 367.77% from ¥994,522,830.46 at the end of 2021[13]. - The basic earnings per share for 2022 were ¥0.39, reflecting a 21.88% increase from ¥0.32 in 2021[13]. - The weighted average return on equity for 2022 was 7.33%, down 7.72% from 15.05% in 2021[13]. - The company achieved a sales revenue of 798 million yuan in 2022, representing a year-on-year growth of 37.76%, maintaining its position as the leading domestic EDA enterprise[50]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year growth of 20%[113]. - The company reported a net profit of 200 million RMB for 2022, a 30% increase compared to the previous year[119]. Research and Development - The company has invested CNY 486.6455 million in R&D for EDA tools in the integrated circuit design and manufacturing sector during the reporting period[25]. - Research and development expenses amounted to 486.65 million yuan, accounting for 60.98% of total revenue[58]. - The company has established a comprehensive EDA tool system for various circuit designs, contributing to market breakthroughs over the past decade[20]. - The company launched a transistor-level power integrity analysis tool, Patron, in 2022, focusing on power integrity checks for analog chips[31]. - The company introduced two new tools in the RF circuit design EDA tool sector: XModel-RF for RF model extraction and ALPS-RF for RF circuit simulation[33][34]. - The company is currently developing EDA tools for specific chip designs, enhancing its product offerings in the semiconductor industry[76]. - The company plans to enhance R&D investment to address core weaknesses and upgrade existing products, aiming for some products to reach international leading levels[98]. - The company is investing heavily in R&D, allocating 15% of its revenue, approximately 225 million RMB, towards new technology development[156]. Market Position and Strategy - The company is positioned in the second tier of the global EDA industry, competing with major players like Cadence, Synopsys, and Siemens EDA[20]. - The company aims to become a top global EDA provider, focusing on supporting the sustainable development of China's integrated circuit industry[97]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[113]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with a budget of 500 million RMB allocated for potential deals[156]. - The company aims to enhance its market presence through strategic partnerships and potential acquisitions in the semiconductor sector[199]. Governance and Compliance - The company established and revised 27 corporate governance-related systems during the reporting period to enhance governance structure and operational standards[111]. - The board of directors consists of 11 members, including 4 independent directors, complying with legal and regulatory requirements[111]. - The company strictly adheres to information disclosure regulations, ensuring timely and fair dissemination of information to all shareholders[111]. - The company has implemented measures to ensure that all shareholders can exercise their rights equally, particularly focusing on the rights of minority shareholders[111]. - The company has committed to ensuring that any share reduction will be reported in accordance with the rules of the Shenzhen Stock Exchange[154]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, as outlined in the report[2]. - The company recognizes the risk of technology innovation and product upgrades, emphasizing the need for increased R&D investment and potential acquisitions to enhance product competitiveness[102]. - The company is aware of the risks associated with international trade tensions, which could impact its operations and revenue, and is developing strategies to mitigate these risks[107]. - The company is focused on addressing the risk of talent shortages by optimizing its compensation system and enhancing partnerships with educational institutions to attract and retain EDA professionals[103]. Shareholder Relations - The company distributed cash dividends of ¥81,441,265.20, which is 100% of the total profit distribution amount, with a dividend of ¥1.50 per 10 shares[138]. - The company has committed to a profit distribution policy that emphasizes reasonable and stable returns for investors, following the guidelines set by regulatory authorities[164]. - The company will initiate a share buyback program if its prospectus is found to contain false statements or omissions by regulatory authorities[165]. - The company has pledged to follow the regulations set by the China Securities Regulatory Commission regarding shareholding reductions by major shareholders and executives[155]. Customer and Market Insights - User data showed an increase in active users, reaching 2 million by the end of 2022, up from 1.5 million in 2021, indicating a growth rate of 33.3%[113]. - The company reported a significant increase in user data, with a growth rate of 12% year-over-year[199]. - Customer satisfaction ratings improved to 92%, reflecting the effectiveness of recent service enhancements[156]. Financial Management - The company reported a total of 122,605.60 million CNY in entrusted financial management, with 34,605.60 million CNY from self-owned funds and 88,000.00 million CNY from raised funds[182]. - The company has no significant litigation or arbitration matters during the reporting period, with a minor case involving 406.52 million CNY currently in progress[173]. - The company has no significant related party transactions during the reporting period, including no major asset or equity acquisitions or sales[175].

Financial Performance - The company's revenue for Q1 2023 was ¥159,783,958.07, representing a 64.71% increase compared to ¥97,006,642.75 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥21,146,215.92, a 101.71% increase from ¥10,483,277.75 year-on-year[4] - Total operating revenue for Q1 2023 reached ¥159,783,958.07, a significant increase of 64.5% compared to ¥97,006,642.75 in the same period last year[20] - Net profit for Q1 2023 was ¥21,146,215.92, compared to ¥10,483,277.75 in Q1 2022, marking a 102.3% year-over-year growth[21] - The total comprehensive income for the first quarter of 2023 was CNY 20,302,271.99, an increase from CNY 15,305,232.32 in the same period last year, representing a growth of approximately 32.7%[22] - Basic and diluted earnings per share for the first quarter were both CNY 0.0389, compared to CNY 0.0241 in the previous year, reflecting a year-over-year increase of 61.6%[22] Cash Flow - The net cash flow from operating activities was ¥138,695,093.25, up 5.29% from ¥131,724,948.61 in the previous year[4] - Cash inflow from operating activities totaled CNY 440,219,092.82, up from CNY 363,836,417.39 in the prior year, indicating a growth of about 21.0%[24] - The net cash flow from operating activities was CNY 138,695,093.25, slightly up from CNY 131,724,948.61, showing an increase of 5.3% year-over-year[25] - Cash inflow from investment activities was CNY 1,429,127,798.07, significantly higher than CNY 207,194,188.65 in the previous year, marking an increase of approximately 588.5%[25] - The net cash flow from investment activities was negative CNY 308,657,762.51, compared to negative CNY 254,343,956.11 in the same period last year, indicating a worsening of 21.4%[25] - Cash and cash equivalents at the end of the period stood at CNY 2,450,630,834.51, down from CNY 362,365,569.72 at the end of the previous year, reflecting a decrease of 32.1%[25] - The company paid CNY 64,452,975.99 in taxes during the quarter, compared to CNY 34,787,898.23 in the previous year, representing an increase of 85.0%[25] - The company reported cash outflow from financing activities of CNY 10,651,607.28, down from CNY 19,298,268.83 in the previous year, indicating a decrease of 44.3%[25] - The company’s cash flow from financing activities was CNY 39,348,392.72, a decrease from CNY 107,448,675.61 in the previous year, reflecting a decline of 63.4%[25] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥5,578,104,393.55, a 3.38% increase from ¥5,395,667,290.61 at the end of the previous year[4] - The company reported a total liability of ¥905,713,074.69, an increase from ¥743,578,243.74 at the beginning of the year, representing a rise of 21.8%[18] - Current assets totaled ¥4,151,307,635.09, slightly up from ¥4,135,130,724.46 at the start of the year[17] - Cash and cash equivalents decreased to ¥2,450,630,834.51 from ¥2,581,555,846.39 at the beginning of the year, a decline of 5.1%[17] - The company’s total equity increased to ¥4,672,391,318.86 from ¥4,652,089,046.87, reflecting a growth of 0.4%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,119[10] - The largest shareholder, China Electronics Corporation, holds 21.22% of shares, totaling 115,200,804 shares[10] - The second-largest shareholder, Beijing Jiuchuang Huixin Asset Management Partnership, holds 17.63% of shares, totaling 95,719,518 shares[10] - The company has a total of 468,817,805 restricted shares, with 5,770,880 shares released during the period[14] - The National Integrated Circuit Industry Investment Fund holds 8.88% of shares, totaling 48,192,772 shares[10] - The company has no shareholders participating in margin financing and securities lending[11] - The total number of preferred shareholders is zero, indicating no preferred shares issued[12] - The company plans to maintain its current shareholder structure until the end of the lock-up period for major shareholders[13] - The total number of shares held by the top ten unrestricted shareholders is 4,737,573 shares[10] Research and Development - Research and development expenses increased by 69.05% to ¥147,880,919.66, driven by an increase in R&D personnel and related costs[9] - R&D expenses surged to ¥147,880,919.66, reflecting a 68.9% increase from ¥87,475,066.15 in the previous year[21] - The company plans to continue investing in R&D and expanding its market presence to drive future growth[21] Other Financial Metrics - The weighted average return on equity decreased to 0.45% from 1.19% in the previous year[4] - The company recorded a 198.63% increase in investment income to ¥1,070,954.22, attributed to gains from the redemption of financial products[9] - The company reported a 130.01% increase in operating costs, amounting to ¥4,769,562.94, primarily due to increased costs associated with other business revenues[8]

证券代码：301269 证券简称：华大九天 编号：2022-001 北京华大九天科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - Revenue for Q3 2022 reached ¥216,302,894.13, an increase of 33.20% compared to the same period last year[4] - Net profit attributable to shareholders was ¥72,413,897.22, reflecting a growth of 26.81% year-over-year[4] - Net profit excluding non-recurring items was ¥25,157,259.78, a decrease of 16.94% compared to the previous year[4] - Total revenue for the third quarter reached ¥482,790,475.98, an increase of 40.1% compared to ¥344,760,138.29 in the same period last year[22] - The company reported a net profit of ¥204,053,849.68 for the quarter, compared to ¥91,211,223.37 in the previous year, marking a significant increase in profitability[21] - The net profit for Q3 2022 was CNY 112,842,626.31, a significant increase from CNY 76,825,234.36 in Q3 2021, representing a growth of approximately 47%[23] - The total comprehensive income for Q3 2022 reached CNY 119,352,588.77, compared to CNY 75,966,736.25 in the same period last year, indicating an increase of about 57%[24] - Basic and diluted earnings per share for Q3 2022 were both CNY 0.2461, up from CNY 0.1769 in the same quarter last year, marking an increase of approximately 39%[24] Assets and Liabilities - Total assets increased to ¥5,324,496,545.45, representing a 195.55% increase from the end of the previous year[4] - The total assets of the company as of September 30, 2022, were ¥5,324,496,545.45, compared to ¥1,801,574,166.17 at the beginning of the year, showing substantial growth[21] - The total liabilities decreased to ¥744,595,587.78 from ¥807,051,335.71, indicating a reduction in financial obligations[21] - The equity attributable to shareholders rose to ¥4,579,900,957.67 from ¥994,522,830.46, reflecting strong retained earnings and capital accumulation[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥156,969,227.36, down 42.92% compared to the previous year[4] - The cash flow from operating activities generated a net amount of CNY 156,969,227.36, down from CNY 274,981,091.54 in Q3 2021[25] - Cash inflow from investment activities totaled CNY 636,600,057.58, a decrease from CNY 1,343,443,072.50 in the previous year[26] - The cash flow from financing activities showed a net increase of CNY 3,536,399,737.68, compared to CNY 59,874,829.14 in Q3 2021, reflecting a substantial rise[26] - The company's cash and cash equivalents increased to ¥3,664,684,791.03 from ¥377,594,699.84, highlighting improved liquidity[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 60,324, with the top 10 shareholders holding significant stakes[11] - China Electronics Co., Ltd. holds 21.22% of shares, amounting to 115,200,804 shares, while Beijing Jiuchuang Huixin Asset Management Partnership holds 17.63% with 95,719,518 shares[11] - The total number of restricted shares at the end of the period is 468,220,205, with 33,866,791 shares released during the reporting period[16] Research and Development - R&D expenses for the first nine months of 2022 totaled ¥293,529,198.02, a 53.37% increase year-over-year[10] - Research and development expenses amounted to ¥293,529,198.02, a rise of 53.3% from ¥191,392,169.20 year-over-year, indicating a strong focus on innovation[22] - The company has launched three new EDA products in the RF circuit design and wafer manufacturing fields, including RF circuit simulation tools and RF device modeling tools[17] - The RF circuit simulation tool offers comprehensive RF analysis capabilities, designed for high precision and parallel processing, enhancing user experience[18] - In wafer manufacturing EDA, a new photomask layout design tool has been introduced, optimizing wafer layout for better utilization[18] - The company has achieved technical breakthroughs in physical verification tools, improving performance to better meet the needs of memory and image sensor design[18] Strategic Focus - The company is focused on expanding its market presence through new product development and technological advancements in the EDA sector[17] - The company has a strategic plan for future growth, including potential market expansion and partnerships in the semiconductor industry[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22] - The company has indicated a strategic focus on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its market position[49]

Financial Performance - The company's revenue for the reporting period was ¥266,487,581.85, representing a 46.13% increase compared to ¥182,365,000.26 in the same period last year[15]. - The net profit attributable to shareholders was ¥40,428,729.09, which is a 105.02% increase from ¥19,719,489.71 year-over-year[15]. - The basic earnings per share increased to ¥0.0931, up 105.07% from ¥0.0454 in the previous year[15]. - The total assets at the end of the reporting period were ¥1,919,366,765.24, reflecting a 6.54% increase from ¥1,801,574,166.17 at the end of the previous year[15]. - The net assets attributable to shareholders increased to ¥1,038,418,343.85, a 4.41% rise from ¥994,522,830.46 year-over-year[15]. - The net cash flow from operating activities was ¥206,932,509.99, down 18.11% from ¥252,687,875.41 in the previous year[15]. - The company's total profit for the first half of 2022 was ¥40,428,729.09, compared to ¥19,719,489.71 in the same period of 2021, indicating a growth of approximately 104.4%[114]. - The total comprehensive income for the first half of 2022 was ¥43,895,513.39, compared to ¥18,756,255.30 in the previous year, marking an increase of around 134.5%[114]. Government Support and Tax Benefits - The company received tax benefits totaling CNY 24.7369 million, accounting for 61.19% of the total profit during the reporting period[5]. - Government subsidies recognized amounted to CNY 58.2127 million, representing 143.99% of the total profit, with CNY 24.7244 million from VAT refunds and CNY 32.3214 million from EDA project subsidies[5]. - The company acknowledges risks related to potential changes in tax incentives and government support policies that could adversely affect its financial performance[5]. - The company benefits from a corporate income tax rate of 10% under the "Five Exemptions and Subsequent 10% Reduction" policy, with an effective tax rate of zero for its parent company[183]. - The company enjoys a VAT refund policy, allowing it to reclaim VAT exceeding 3% on self-developed software products[184]. - The company has obtained high-tech enterprise certification, allowing it to apply a reduced corporate income tax rate of 15%[186]. - The company has implemented a tax deduction policy for R&D expenses, allowing a 75% additional deduction on eligible R&D costs incurred[185]. Research and Development - The company plans to increase R&D investment and pursue mergers or technology acquisitions to enhance product competitiveness and address product gaps[3]. - The company is committed to strengthening strategic partnerships along the supply chain to enhance the integration of EDA technology with semiconductor processing[3]. - As of June 30, 2022, the company has obtained 215 authorized patents and registered 79 software copyrights, with R&D investment in the EDA field amounting to CNY 186.28 million[28]. - The R&D team consists of 522 personnel, accounting for 76% of the total workforce, with 68% holding postgraduate degrees, including 47 PhDs and 307 master's degrees[28]. - The company plans to enhance R&D investment to improve product competitiveness, focusing on core technologies and integrating advanced technologies like AI[54]. Market Position and Competition - The company aims to expand its domestic market share by developing flagship products and actively exploring new markets[4]. - The company faces competition from major international firms such as Synopsys, Cadence, and Siemens EDA, which may impact its market share[4]. - The domestic EDA market is dominated by three international giants, which accounted for about 80% of the market share in 2020[20]. - The company holds approximately 6% of the domestic EDA market share, ranking first among local EDA enterprises[21]. - The company has established a relatively stable customer base and brand presence in the industry through years of technological development and market expansion[4]. Financial Position and Assets - The total assets as of June 30, 2022, are 1,919,366,765.24 CNY, compared to 1,801,574,166.17 CNY at the beginning of the year[109]. - The company's cash and cash equivalents increased to 458,499,535.80 CNY from 377,594,699.84 CNY[108]. - The company's accounts receivable decreased from 196,312,633.49 CNY to 93,441,818.88 CNY[108]. - The company has a total of ¥178,566,991.66 in restricted assets, including ¥125,000,885.89 in fixed assets and ¥53,566,105.77 in intangible assets, both secured by loans[71]. - The company reported a decrease in inventory to ¥66,859,095.42, which is 3.48% of total assets, an increase of 0.41% from the previous year[68]. Risks and Challenges - The company acknowledges risks related to potential changes in tax incentives and government support policies that could adversely affect its financial performance[5]. - The company faced risks related to technology innovation and product upgrades, which could lead to extended R&D cycles or unmet expectations if product attributes are misjudged[80]. - The company reported a reliance on specialized technical personnel, with risks of talent loss if competitive compensation and development platforms are not provided[82]. - The company is monitoring changes in national and local policies to mitigate risks associated with potential reductions in government support for the EDA industry[82]. Corporate Governance and Shareholder Information - The total number of shares remains at 434,353,414, with state-owned legal persons holding 54.94% and other domestic investors holding 45.06%[100]. - The total number of ordinary shareholders at the end of the reporting period is 8, with the largest shareholder, China Electronics Co., holding 26.52% of shares, equivalent to 115,200,804 shares[102]. - The company has not conducted any investor communication activities during the reporting period[87]. - The company has not implemented any employee incentive plans or stock option programs during the reporting period[88]. - The company has signed labor contracts with employees and provides social insurance including medical, pension, unemployment, work injury, and maternity insurance, ensuring a secure working environment[91]. Industry Trends and Innovations - EDA technology advancements have significantly improved chip design efficiency, with design costs potentially reduced from $7.7 billion to $40 million due to EDA innovations[23]. - The application of AI technology in EDA tools aims to enhance design efficiency and reduce design barriers, with goals set by DARPA's electronic design initiative[25]. - Cloud technology in EDA is increasingly utilized to mitigate R&D risks, reduce server costs, and support remote work, especially during the COVID-19 pandemic[26]. - The company focuses on developing and selling EDA tools for integrated circuit design and manufacturing, which are essential for the entire semiconductor industry chain[27]. Financial Reporting and Accounting Policies - The company's financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[135]. - The company recognizes the fair value of identifiable net assets acquired in a business combination, with any excess recorded as non-operating income[138]. - The company measures financial assets at amortized cost if the business model is to collect contractual cash flows[143]. - Revenue is recognized when control of goods or services is transferred to the customer, with specific methods for software sales, technical services, and hardware sales[176][177].