PRIMARIUS(SH:688206)2025-04-29 15:45Financial Performance - The company's revenue for 2024 reached ¥419,080,178.55, representing a 27.42% increase compared to ¥328,896,154.28 in 2023[23]. - The net profit attributable to shareholders for 2024 was -¥95,970,755.94, a decline from -¥56,315,589.64 in 2023[23]. - The operating cash flow for 2024 was -¥46,515,613.62, a significant decrease of 191.15% from ¥51,030,263.22 in 2023[23]. - The total assets as of the end of 2024 were ¥2,465,703,479.40, down 2.11% from ¥2,518,818,229.77 at the end of 2023[23]. - The basic earnings per share for 2024 was -¥0.22, compared to -¥0.13 in 2023[24]. - The net assets attributable to shareholders decreased by 6.83% to ¥1,951,619,806.64 at the end of 2024 from ¥2,094,705,214.65 at the end of 2023[23]. - The company reported a revenue of ¥417,131,879.18 after excluding non-main business income, which is a 27.29% increase from ¥327,711,855.84 in 2023[23]. - The diluted earnings per share for 2024 was also -¥0.22, consistent with the basic earnings per share[24]. - The company experienced a significant decline in net profit after excluding non-recurring items, which was -¥89,486,714.30 in 2024 compared to -¥66,655,612.27 in 2023[23]. - The company's financial performance indicates a challenging year with substantial losses and declining asset values, necessitating strategic adjustments moving forward[23]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of 0.3 RMB per 10 shares, totaling approximately 12,978,938.25 RMB (including tax) based on 432,631,275 shares eligible for distribution[6]. - The total amount for cash dividends and share repurchase in 2024 is approximately 32,986,697.35 RMB, including 20,007,759.10 RMB for share repurchase[6]. - The company has not proposed any stock dividends or capital reserve transfers for 2024[6]. Audit and Compliance - The company has received a standard unqualified audit report from Beijing Dehao International Accounting Firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures for providing guarantees[9]. - The company has not experienced any issues with the majority of directors being unable to ensure the authenticity, accuracy, and completeness of the annual report[9]. - The company received an "A" rating for information disclosure from the Shanghai Stock Exchange for two consecutive years, reflecting its compliance and effective investor relations management[54]. Research and Development - Research and development expenses accounted for 68.90% of operating revenue, a decrease of 3.15 percentage points[25]. - The company achieved a total R&D investment of 289 million yuan, a year-on-year increase of 21.84%, with R&D expenses accounting for 68.90% of operating revenue[51]. - The company has established a comprehensive R&D project management system to track and capitalize project expenses[102]. - The company has a robust pipeline of over 100 pending patent applications, indicating a strong focus on innovation and technology development[99]. - The company has increased its R&D personnel to 423, representing 71.94% of the total workforce, up from 358 and 70.06% in the previous period[107]. Market Position and Strategy - The EDA industry is expected to maintain a high compound growth rate due to the rapid development of the semiconductor industry and increasing complexity in chip design[37]. - The company is focusing on increasing R&D investments to accelerate the domestic replacement process in the EDA industry, supported by national policies[37]. - The company aims to provide differentiated, high-value data-driven solutions through continuous product iteration and new product development[65]. - The company is committed to expanding its global market footprint, enhancing customer support capabilities, and improving overall competitiveness[110]. - The company is exploring new strategies for market penetration and product development through its various partnerships and investments[200]. Risks and Challenges - The company faces significant competition risks due to a relatively limited EDA market size and the presence of larger competitors like Synopsys, Cadence, and Siemens EDA[126]. - The company must maintain a competitive edge through continuous innovation and timely upgrades to existing technologies, as failure to do so may result in lost market opportunities[120]. - The EDA industry is characterized by high technical content and long R&D cycles, necessitating continuous investment in product upgrades and new product development to meet changing market demands[122]. - The company faces risks related to significant increases in R&D expenses and share-based payment costs, which may lead to potential losses in certain periods[119]. Acquisitions and Partnerships - The company has completed acquisitions of several EDA firms, including Bodawave and Entasys, to strengthen its market position and expand its product offerings[113]. - The company aims to expand its market share and technical strength through strategic mergers and acquisitions, focusing on targets that have synergistic effects with existing businesses[186]. - The company has established multiple investment partnerships, including the Jiangxi XinYue Investment Partnership and Hubei Semiconductor Industry Investment Fund Management, indicating a focus on expanding its investment portfolio[200]. Future Outlook - Future outlook indicates a strong focus on new product development and technology innovation to sustain growth[196]. - The management has provided guidance for the next fiscal year, projecting a revenue growth of approximately 15%[196]. - The company plans to enhance market expansion strategies, targeting new geographical regions[196]. - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[197]. - The company is committed to improving customer satisfaction and retention through enhanced service offerings[196].