Core Viewpoint - Huada Jiutian's net profit for Q1-Q3 2025 is 9.06 million yuan, a year-on-year decrease of 84.52%, with Q3 net profit at 5.99 million yuan, down 71.02% year-on-year but up 190.16% quarter-on-quarter [1] Group 1: Financial Performance - The company has experienced a significant decline in net profit, with a year-on-year drop of 84.52% for the first three quarters of 2025 [1] - Q3 net profit shows a year-on-year decrease of 71.02%, but a substantial quarter-on-quarter increase of 190.16% [1] Group 2: Market Position and Strategy - The company is positioned as a leader in the EDA (Electronic Design Automation) industry, with nearly full-process coverage [1] - Since 2019, U.S. restrictions on EDA exports to China have increased industry uncertainty, prompting domestic companies to accelerate independent research and development [1] - The domestic EDA market is experiencing rapid growth due to these developments [1] Group 3: Product Development and Innovation - The company has launched 47 full-process tool systems, covering 80% of the entire process, leading among domestic competitors [1] - Focus on high-repetition processes has led to localized intelligence, ensuring data security through local deployment [1] - AI technology has significantly improved design efficiency, aiding in automatic code generation, shortening library building cycles, and optimizing PPAC (Power, Performance, Area, Cost) [1] Group 4: Future Outlook - The company has achieved strong revenue growth and significant profit improvement [1] - Compared to global giants, the company's market value still has considerable growth potential, maintaining a "buy" rating [1]