Group 1 - Company plans to purchase a property in Shanghai for 437 million yuan, with a total area of 13,000 square meters, aimed at enhancing R&D and office capabilities [1][2] - The property is part of the Zhangjiang Science City "Smart Cloud" project, which includes high-end residential and office buildings, expected to be completed by October 2024 [1][2] - The acquisition is seen as a strategic move to optimize operations and improve brand image, attracting and retaining top technical talent [1][2] Group 2 - In Q1 2025, the company reported a revenue of 558 million yuan, a year-on-year increase of 44.08%, with a net profit of 93.7 million yuan, up 73.8% [2] - The company has a cash balance of 946 million yuan, reflecting a 92.46% year-on-year growth, indicating strong financial health to support the property acquisition [2] - The location of the new headquarters is strategically chosen within the Zhangjiang Science City expansion area, providing competitive advantages for semiconductor design firms [2] Group 3 - Other technology companies have also been acquiring office properties, such as HeMai and Tencent, indicating a trend in the industry [3] - The office property market in China saw significant transactions, with office properties accounting for 55% of the total transaction volume in 2024 [4] - Despite a shrinking overall market, prime office locations continue to attract buyers, suggesting a resilient demand for quality office spaces [4]