Investment Rating - The report maintains a "Recommendation" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [2][19]. Core Insights - The company is expected to achieve a revenue of approximately 487 million yuan in 2025, representing a year-on-year growth of about 16.21%. The net profit attributable to the parent company is projected to be around 36 million yuan, marking a turnaround from losses [2][4]. - The significant improvement in performance is attributed to increased R&D investment and technological upgrades, leading to rapid growth in core businesses such as EDA software licensing and technical development solutions [8]. - The company has established a leading advantage in key EDA point tools, which has been recognized by top international clients, thereby creating a strong competitive barrier [8]. - The company is actively pursuing external acquisitions to enhance its product portfolio, aiming to build a collaborative ecosystem between EDA and IP [8]. Financial Summary - The projected total revenue for 2025 is 487 million yuan, with a growth rate of 16.2%. For 2026 and 2027, revenues are expected to reach 616 million yuan and 756 million yuan, respectively, with growth rates of 26.5% and 22.8% [4]. - The net profit attributable to the parent company is forecasted to be 36 million yuan in 2025, with subsequent projections of 51 million yuan in 2026 and 84 million yuan in 2027, reflecting growth rates of 137.4%, 41.2%, and 65.1% respectively [4]. - The company’s earnings per share (EPS) is expected to turn positive, with projections of 0.08 yuan in 2025, 0.12 yuan in 2026, and 0.19 yuan in 2027 [4].