12月12日，由中国·重庆人力资源服务产业园国家人力资源服务出口基地主办，重庆外商服务有限公司 承办的"渝企出海·全球链接"资源对接研讨会在重庆举行。本次研讨会旨在搭建政、企、服高效对接平 台，共同破解企业全球化进程中的人力资源管理、合规风控等核心难题，为重庆企业深度融入全球产业 链提供坚实服务支撑。 在整合资源与共建生态上，基地创新采用"政企共建"模式，与多家具备人力资源服务出口业务基础与潜 力的企业开展深度合作，共同开展活动、共享资源、共育人才。同时，基地积极协同相关部门，研究制 定专项支持政策，涵盖企业培育、产业集聚、出海护航、能力提升等多方面，着力构建良好产业生态。 为提升行业国际化服务能力，基地持续开展各类服务贸易专题培训，累计举办培训班次50个，培训人员 超2100人次，并编制了《人力资源服务出口服务指南》，助力企业增强跨境运营能力。面对数字化趋 势，基地还率先推进人力资源领域高质量数据集建设，探索运用AI技术构建具有市场洞察、合规预 警、智能匹配与战略预测功能的智能化出海服务体系，推动人力资源服务出海从"人工驱动"向"AI智能 驱动"转型。 展望未来，中国·重庆人力资源服务产业园将继续发挥平台整 ...

Investment Rating - The report does not explicitly state an investment rating for Synopsys, but it highlights significant performance challenges and market expectations that may influence investor sentiment. Core Insights - Synopsys reported total revenue of $1.74 billion for FY3Q25, a year-on-year increase of 13.7%, but below market expectations of $1.77 to $1.80 billion [1][7] - The non-GAAP operating margin was 38.5%, slightly lower than the previous year and below the consensus of 39.0% [1][7] - Non-GAAP earnings per share were $3.39, down 1.2% year-on-year, and below the expected $3.80 [1][7] - The overall performance was negatively impacted by the underperformance of the IP business, leading to a stock price drop of over 35% [1][7] EDA and IP Business Performance - EDA business revenue grew by 23% year-on-year to $1.31 billion, exceeding market expectations of $1.18 billion, driven by increased complexity in AI chip designs [2][8] - The IP business revenue declined by 8% year-on-year to $428 million, significantly below the expected $552 million, primarily due to weakened confidence from Chinese customers and delays in high-margin product deliveries [2][8][5] Strategic Developments - The completion of the Ansys integration marks a structural upgrade in Synopsys' engineering software portfolio, enhancing its market position as a leader in "silicon-to-system" solutions [2][9] - The Ansys 2025 R2 platform, which integrates AI-driven simulation and advanced features, is expected to enhance Synopsys' capabilities in various high-tech sectors [2][9] Future Outlook - For Q4, Synopsys expects revenue between $2.23 billion and $2.26 billion, with a revised full-year revenue guidance of $7.03 billion to $7.06 billion [3][11] - Non-GAAP earnings per share for the full year are projected to be between $12.76 and $12.80 [3][11] - Management remains cautious about the short-term recovery of the IP business, citing industry and geopolitical factors as ongoing challenges [3][11]

Core Insights - The implementation of the "Golden Tax Phase IV" policy is driving a significant transformation in tax management for enterprises, particularly small and medium-sized enterprises, creating a market space worth hundreds of billions [1] - The launch of the AI-driven financial management model "Deep Blue Financial Whale" by Hangzhou Actuary AI Technology Co., Ltd. aims to revolutionize traditional tax services by automating complex tax processing tasks, enhancing efficiency by nearly 20 times [1][2] - The emergence of AI solutions like "Deep Blue Financial Whale" and "DeepTax" addresses longstanding pain points in the traditional tax service industry, such as inefficiencies and reliance on manual operations [2] Industry Trends - The financial management service sector in China is experiencing a significant shift towards AI-driven solutions, with a projected market size of 390.73 billion yuan by 2028, reflecting a compound annual growth rate of 74.9% [3] - The demand for intelligent upgrades in tax management services is substantial, with over 50 million small and medium-sized enterprises in China, indicating a low current rate of digitalization in financial management [3] - The commercialization of AI tax management tools is expected to alleviate challenges faced by regulatory bodies and enterprises, promoting compliance and modernization in tax practices [3]