PRIMARIUS(SH:688206)2023-04-07 16:00Financial Performance - The company's operating revenue for 2022 was RMB 278,549,701.39, representing a 43.68% increase compared to RMB 193,868,563.04 in 2021[20]. - The net profit attributable to shareholders for 2022 was RMB 44,886,067.47, a 56.92% increase from RMB 28,604,631.02 in 2021[20]. - The net cash flow from operating activities for 2022 was RMB 70,315,054.31, up 24.51% from RMB 56,472,485.69 in 2021[20]. - The total assets at the end of 2022 were RMB 2,500,976,632.17, a 6.80% increase from RMB 2,341,815,643.10 at the end of 2021[20]. - The net profit after deducting non-recurring gains and losses for 2022 was RMB 32,075,475.12, a 38.34% increase from RMB 23,186,178.98 in 2021[20]. - The company's operating revenue increased by 43.68% year-on-year, driven by product line expansion and strategic customer collaborations[22]. - The net profit attributable to the parent company for 2022 grew by 56.92% year-on-year, mainly due to increases in sales revenue, government subsidies, and interest income[22]. - The company achieved a total revenue of 47,009.18 million RMB for the year 2022, with a significant portion attributed to its EDA tools and services[132]. R&D and Innovation - The company's R&D expenditure as a percentage of operating revenue increased to 50.21% in 2022 from 40.99% in 2021, an increase of 9.22 percentage points[21]. - The company achieved a total of 139,852,136.06 CNY in R&D expenses, representing a 76.01% increase compared to the previous year[126]. - The increase in R&D investment is attributed to the upgrade of existing products and the development of new products, leading to higher personnel costs and increased amortization of intangible assets[127]. - The company is currently working on several R&D projects, including a model parameter extraction platform with a total investment of 3,722.53 million CNY, which aims to enhance product stability and performance[129]. - The company has developed three core technologies: manufacturing EDA technology, design EDA technology, and semiconductor device characteristic testing technology, which are continuously applied in its products[115]. - The company has also invested 799 million CNY in enhancing digital waveform simulation support, which is expected to improve the speed of SPICE simulation outputs[129]. Market Position and Strategy - The company has established itself as a leading EDA enterprise with a focus on technology and product innovation, particularly in the area of Design Technology Co-Optimization (DTCO)[29]. - The company aims to enhance the EDA ecosystem in China, which is crucial for the integrated circuit industry, supporting a market worth hundreds of billions of dollars[32]. - The company is committed to optimizing existing business models based on industry trends and customer needs[81]. - The company plans to continue expanding its R&D efforts to support new product development and market growth strategies[129]. - The company has established partnerships with universities to cultivate high-quality EDA talent, including a joint program with Shandong University to train 20-30 EDA graduate students annually[148]. Corporate Governance and Compliance - The board of directors and management have confirmed the accuracy and completeness of the annual report[4]. - There are no significant risks related to non-operational fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - There are no special arrangements for corporate governance applicable to the company[8]. Risks and Challenges - The company faces risks related to significant increases in share-based payment expenses, which could lead to substantial declines in net profit or even losses due to the high costs of attracting and retaining talent in the EDA industry[150]. - The company must continuously upgrade its technology to meet the high demands of global clients in the integrated circuit industry, as failure to do so may result in lost market opportunities[151]. - The EDA industry has high market entry barriers, and the company must ensure that its R&D results gain recognition in the international market to achieve scalable sales[154]. - The company is experiencing risks related to talent retention and rising costs, as the EDA industry is highly competitive for skilled personnel[155]. Revenue and Sales - The one-stop engineering service solution achieved a revenue of 32.90 million RMB in 2022, marking a remarkable growth of 410.44%[144]. - EDA software licensing revenue grew by 30.38%, with domestic revenue increasing by 42.68%[178]. - The average revenue contribution per customer was 2.20 million yuan, reflecting a year-on-year growth of 28.15%[174]. - Domestic revenue reached 154.46 million yuan in 2022, a year-on-year increase of 68.77%, accounting for 55.75% of total revenue, surpassing overseas revenue for the first time[2]. Acquisitions and Investments - The company has completed acquisitions of Boda Micro and Entasys, setting a precedent for future mergers and acquisitions in the EDA sector[39]. - The company has made significant investments in several EDA firms, including Boda Micro and Entasys, to strengthen its market position and expand its product offerings[141]. - The company plans to continue pursuing acquisitions or strategic investments within the EDA industry to enhance its long-term growth and business development[161]. Audit and Financial Reporting - The company has received a standard unqualified audit report from Da Hua Accounting Firm[5]. - The profit distribution plan has been approved by the board and will be submitted to the annual general meeting for review[5].