Core Viewpoint - Kirin Software has completed a capital increase of 3 billion yuan, supported by its controlling shareholder China Software and several industrial capital partners, aimed at investing in operating system research and ecological construction [1][2]. Group 1: Capital Increase Details - The capital increase was led by China Software, which subscribed to 2 billion yuan, alongside 1 billion yuan from strategic investors, marking the largest cash investment in operating system research since the company's establishment [2]. - Following the capital increase, the total equity value of Kirin Software was assessed at 8.355 billion yuan, with China Software's shareholding rising from 40.25% to 47.23% [2]. Group 2: Strategic Investors - The strategic investor lineup includes major players such as the Greater Bay Area Fund, China Mobile Capital, Sinopec Capital, and Jianxin Investment, creating a shareholder structure of "national team + industry leaders + financial capital" [3][4]. - The Greater Bay Area Fund acted as the lead investor and organizer for this strategic capital increase [4]. Group 3: Business Performance and Projections - Kirin Software's revenue and net profit have shown compound annual growth rates of 28% and 37% respectively from 2020 to 2023, with projected revenue of 1.438 billion yuan and net profit of 502 million yuan for 2024 [9]. - As of the end of 2024, the total assets of Kirin Software are expected to reach 2.32 billion yuan, with net assets of 1.8 billion yuan [10]. Group 4: Market Position and Ecosystem Development - Kirin Software has maintained the leading position in the Chinese Linux market for 13 consecutive years, supporting major domestic CPUs and providing secure operating systems for government and industry [11]. - The company has completed over 632 million ecological adaptations, with a focus on building a unified operating system ecosystem as outlined in recent government directives [12][13]. Group 5: Research and Development Focus - The capital raised will be fully allocated to R&D, specifically targeting the development of integrated terminal operating systems, cloud-based server operating systems, and embedded operating system capabilities [13].