EMPYREAN(SZ:301269)2023-04-27 16:00Financial 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].