Core Viewpoint - The announcement by Suzhou Haocen Software Co., Ltd. regarding its investment in Metaworld Corporation represents a significant step in the company's ongoing commitment to the industrial software sector, particularly in the 3D CAD technology space [1][2] Group 1: Investment Details - Haocen Software plans to invest 60 million yuan to acquire preferred shares in Metaworld Corporation, which will indirectly give it an 8.45% stake in Shanghai Ziqian Technology Co., Ltd. [1] - The pre-investment valuation of Metaworld Corporation is set at 650 million yuan, and the investment is seen as a continuation of the strategic partnership established in September 2025 [1][2] Group 2: Strategic Collaboration - The collaboration between Haocen Software and Ziqian Technology began with a strategic and OEM cooperation framework agreement focused on advancing domestic 3D CAD technology and its global commercialization [1][2] - The partnership aims to enhance the product matrix in the architectural design sector, particularly through the acquisition of the ARCHLine.XP product, which is known for its efficient modeling engine and compatibility [2] Group 3: Industry Insights - Industrial software is identified as a core support for the digital transformation of manufacturing, with a strong emphasis on the need for domestic high-end development to drive industry upgrades [3] - The collaboration is viewed as a means to accelerate the iteration and optimization of 3D CAD technology while enhancing the overall competitiveness of domestic industrial software companies [3][4] Group 4: Rights and Protections - The transaction includes several rights and protections for Haocen Software as a strategic investor, such as the right to appoint a board member, special veto rights on key business changes, and various shareholder rights [3] - These rights are designed to ensure Haocen Software's strategic influence in the partnership and to facilitate ongoing business collaboration [3] Group 5: Industry Ecosystem Perspective - The transaction is seen as a model for the development of the domestic industrial software industry, promoting collaborative efforts that can reduce R&D costs and market risks [4] - The partnership is expected to foster a collective industry effect characterized by technology complementarity, market sharing, and risk-sharing, ultimately enhancing the sector's resilience and core competitiveness [4]

Core Viewpoint - Suzhou Haochen Software Co., Ltd. reported steady revenue and profit growth for the first three quarters of 2025, indicating strong growth momentum and profitability resilience [1] Financial Performance - For the first nine months of 2025, the company achieved revenue of 230 million yuan, a year-on-year increase of 16.34% - The net profit attributable to shareholders was 41.55 million yuan, reflecting a year-on-year growth of 19.78% - In the third quarter alone, revenue and net profit grew by 21.50% and 18.40% year-on-year, respectively - The gross margin of the main business has consistently maintained above 90% [1] Product Development and Strategy - The company is enhancing its product system by integrating 2D, 3D, cloud, and AI collaborative developments, transitioning from single products to integrated design solutions - Main products are compatible with various operating systems, including Windows, Linux, Android, iOS, and domestic systems, serving multiple industries such as mechanical manufacturing and automotive [2] Global Marketing Strategy - The company is expanding its global marketing network, aiming for a comprehensive and precise outreach - In the domestic market, it focuses on vertical industry solutions and customer service, while in international markets, it collaborates with local partners to cover 175 countries and regions, supporting 23 languages - The strategy emphasizes transitioning from "product export" to "brand establishment" to enhance global competitiveness and brand influence [3] Business Expansion and Innovation - The company is pursuing a dual strategy of "internal growth + external expansion" to accelerate its 3D business layout through mergers and strategic partnerships - In the BIM sector, it established a subsidiary to drive product innovation and global business expansion, offering integrated solutions from CAD to BIM - Strategic collaborations have led to the launch of new 3D CAD products, enhancing the company's capabilities in intelligent, collaborative, and high-performance industrial software [4]

Core Insights - Suzhou Haochen Software Co., Ltd. reported a revenue of 144 million yuan in the first half of 2025, marking a year-on-year growth of 13.47%, with a net profit of 26.557 million yuan, up 20.57% year-on-year [1] Group 1: Product Development - The company adheres to an independent R&D approach, having launched a 2D CAD platform in 2013, which has evolved through continuous technological iterations [2] - Haochen Software has developed various platform software compatible with multiple operating systems, enhancing compatibility and adaptability [2] - The company has expanded its product offerings to include applications for engineering and manufacturing sectors, and launched CAD cloud solutions for both individual and enterprise users [2] Group 2: Marketing Strategy - The company has established a global marketing network, collaborating with over 70 distributors across more than 100 countries, supporting its globalization strategy [3] - Focused on the manufacturing and engineering construction sectors, the company aims to deepen its market penetration and develop vertical industry cloud solutions [3] - The company is enhancing its competitive advantage by targeting key industry clients and optimizing its distribution network in both domestic and international markets [3] Group 3: Business Growth - The CAD cloud business has shown strong growth in the first half of 2025, with increased user engagement and brand strength [4] - The flagship product "Haochen CAD Viewer" continues to lead in the C-end market, expanding its user base and commercial capabilities [4] - The B-end application market is seeing increased penetration of the Haochen CAD 365 cloud platform, providing stable and efficient design solutions for enterprise users [4]