华大九天(301269) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 1,222,354,443.47, representing a 20.98% increase compared to CNY 1,010,402,077.64 in 2023[17]. - The net profit attributable to shareholders for 2024 decreased by 45.46% to CNY 109,478,790.34 from CNY 200,722,810.92 in 2023[17]. - The net cash flow from operating activities for 2024 was negative CNY 51,777,109.44, a decline of 120.83% compared to CNY 248,516,687.44 in 2023[17]. - The total assets at the end of 2024 were CNY 5,628,841,870.04, an increase of 1.69% from CNY 5,535,537,490.15 at the end of 2023[17]. - The company reported a basic earnings per share of CNY 0.20 for 2024, down 45.95% from CNY 0.37 in 2023[17]. - The company incurred a net loss of CNY 57,067,673.63 after deducting non-recurring gains and losses in 2024, a decline of 189.15% compared to a profit of CNY 64,011,757.59 in 2023[17]. - The company received government subsidies amounting to CNY 97,694,098.53 in 2024, down from CNY 117,923,689.26 in 2023[23]. - The company achieved a revenue of 1,222.35 million yuan in 2024, representing a year-on-year growth of 20.98%[90]. - The company reported a net profit of RMB -38.86 million from its subsidiary Shanghai Huada Jiutian Information Technology Co., Ltd[146]. - The company’s subsidiary Shenzhen Huada Jiutian Technology Co., Ltd achieved a net profit of RMB 37.83 million[146]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares to all shareholders, based on a total of 542,941,768 shares[3]. - The company has not issued any bonus shares, focusing solely on cash dividends for the current distribution plan[3]. - The company plans to distribute cash dividends of 81,441,265.20 yuan in 2024, which is 74.39% of the net profit attributable to shareholders[167]. - The company’s cash dividend payout ratios for 2022 and 2023 were 43.90% and 40.57%, respectively[167]. Research and Development - The R&D investment in the EDA field amounted to approximately 86.81 million yuan, focusing on integrated circuit design and manufacturing tools[32]. - The company has a workforce of 1,202 employees, with 914 (76%) being R&D personnel, indicating a strong focus on research and development[33]. - R&D expenses amounted to 868.12 million yuan, accounting for 71.02% of total revenue, indicating a high level of investment in research and development[101]. - The company increased R&D expenses to 86,812.07 million yuan in 2024, representing 71.02% of revenue, up from 60.98% in 2022[164]. - The company is focusing on developing a comprehensive EDA tool system for 3DIC design and expanding intelligent design EDA solutions[148]. Market Position and Strategy - The EDA industry remains highly concentrated, with the company positioned in the second tier alongside a few competitors, while the top tier is dominated by major players[26]. - The company is recognized as the leading domestic EDA enterprise, with a comprehensive product line and strong technical capabilities[91]. - The company aims to strengthen market expansion strategies to increase its product market share, leveraging the growing demand in China's integrated circuit industry[150]. - The company is committed to becoming a leading global EDA provider, supporting the sustainable development of China's integrated circuit industry[147]. - The company is exploring acquisition opportunities in the semiconductor sector to bolster its technology capabilities[198]. Governance and Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential risks in its operations[3]. - The company has confirmed that all board members attended the meeting to review the annual report, ensuring accountability and transparency[3]. - The company maintains a high level of transparency in information disclosure, utilizing multiple channels for investor communication[173]. - The company has established a complete independent business system, ensuring operational independence from actual controllers[175]. - The company has appointed independent directors to enhance governance and oversight[181]. - The company is focusing on strengthening its governance structure through the election of qualified independent directors[191]. - The company experienced changes in its board, with non-independent directors resigning to support the controlling shareholder's interests[182]. - The company is undergoing a transition in leadership, with the resignation of directors such as Dong Dawei and Yang Xiaodong, effective December 9, 2024[183]. Technological Innovation - The company has developed a comprehensive EDA tool system for various circuit designs, including analog, storage, RF, digital, and advanced packaging, enhancing its market presence in the EDA sector[27]. - The integration of AI technology in EDA tools is expected to lower design thresholds and enhance design efficiency, with applications in code generation and circuit optimization[29]. - The company’s EDA tools are widely used in various fields, including data centers, mobile devices, consumer electronics, automotive electronics, and industrial control, enhancing product competitiveness[54]. - The company has optimized existing products and developed new ones to meet increasing market demands and enhance product functionality[141]. Financial Management - The company has established an independent and complete financial accounting system and management policies, ensuring financial independence from actual controllers and related enterprises[178]. - The company’s operating costs increased by 30.27% to CNY 81.81 million, primarily due to growth in technical services[113]. - The company’s gross margin for the integrated circuit industry was 93.31%, slightly down by 0.47% year-on-year[110]. - The company’s total liabilities increased, indicating a potential rise in financial leverage, although specific figures were not disclosed[17]. Investment and Funding - The total amount raised from the public offering was RMB 3,549,753,292.26, with a net amount of RMB 3,466,025,538.44 after deducting fees[136]. - The company has utilized 59.78% of the total raised funds, amounting to RMB 207,211,020.00[136]. - The company has raised a total of RMB 914.93 million in excess funds, with no specific use determined as of December 31, 2024[141]. - The company plans to enhance its R&D investment to address core shortcomings and optimize existing products, aiming for some products to reach international leading levels[148]. Risk Management - The company faces risks related to technological innovation and product upgrades, which could lead to extended development cycles or loss of market share if competitors release superior products[153]. - The company is committed to improving its international business risk management in response to global trade tensions and varying market conditions[160]. - The company plans to mitigate talent loss risks by optimizing its compensation system and enhancing cooperation with educational institutions to attract more EDA technical talent[155].