Group 1: Company Overview - Hangzhou Guangli Microelectronics Co., Ltd. is a leading supplier of integrated circuit software and wafer-level electrical testing equipment, focusing on improving chip yield and rapid monitoring technology [1] - The company provides a comprehensive solution for yield enhancement throughout the entire product cycle of integrated circuits, from design to mass production [1] Group 2: Industry Opportunities - The company recognizes the importance and urgency of domestic EDA software development due to changes in the international trade environment, adopting a dual approach of "independent research and development + incubation and acquisition" to accelerate product layout [2] - The strategy includes expanding manufacturing EDA while rapidly advancing key design EDA development, with a focus on DFM, DFT, and simulation products [2] Group 3: Product Applications - The company's products are applicable in various chip product scenarios, including automotive electronics, supporting functional safety testing and data analysis for automotive chips [3] - Hardware products like WAT testing machines and reliability testing machines cater to the testing needs of automotive chips [3] Group 4: DFM Product Development - DFM (Design for Manufacturability) serves as a bridge between R&D and production, effectively shortening development time, reducing manufacturing costs, and enhancing product reliability [4] - The company has developed a range of DFM tools, including CMPEXP, Virtual Yield, LayoutInsight, and others, which can be seamlessly integrated to create complex solutions [5] - Core DFM tools are currently being trialed by several leading enterprises, with CMPEXP already securing business orders [5]

Group 1 - Siemens EDA announced on July 2, 2025, that the U.S. government has lifted export restrictions on chip EDA design software to China, allowing full access for its Chinese customers [1] - Synopsys also received a notification from the U.S. Department of Commerce that the export restrictions to China have been revoked and is working to restore sales of recently restricted products in China [1][2] - The EDA supply restoration is viewed as a bargaining chip in the ongoing U.S.-China trade negotiations during a 90-day ceasefire [2] Group 2 - On May 28, 2025, Siemens EDA announced a suspension of support and services to mainland China based on a notification from the U.S. Department of Commerce, which required Siemens to sever ties with its customers in China [3] - Cadence and Synopsys also suspended product support and upgrade services for semiconductor companies in mainland China [4] - Cadence disclosed in a filing to the SEC that it received a notification from the U.S. Department of Commerce requiring special licenses for EDA software sales to mainland China due to military-related risks [5] Group 3 - In mid-June, EDA companies began to restore some services, including non-core hardware and IP sales, to continue serving existing customers, although EDA tool sales remained suspended [6][7] - China implemented export controls on rare earth metals and other critical materials in response to U.S. tariffs, significantly impacting the global supply chain [8][9] - The automotive industry expressed concerns over potential production halts due to rare earth shortages, with major manufacturers warning of severe consequences if supply issues persist [9][10][11][12][13] Group 4 - The restoration of EDA supplies indicates an acceleration in the negotiation process between the U.S. and China, reflecting China's determination to defend its development rights amid external pressures [15][16] - The current supply restoration is seen as a temporary balance resulting from negotiations across multiple dimensions, including technology, industry, and resources [17]

Group 1: Company Overview - Guangli Microelectronics is a leading supplier of integrated circuit software and wafer-level electrical testing equipment, focusing on improving chip yield and rapid monitoring technology [2] - The company has developed a comprehensive yield enhancement solution combining EDA design software, WAT testing equipment, and semiconductor data analysis tools [2] Group 2: Financial Performance - In 2024, the company achieved a revenue of CNY 546.87 million, a year-on-year increase of nearly 15%, driven by a strong growth of over 70% in software business [3] - The net profit for 2024 was CNY 84.30 million, maintaining profitability above CNY 100 million after excluding share-based payment impacts [3] - The comprehensive gross margin for 2024 was 61.90%, up 1.77 percentage points year-on-year, with software business gross margin at 85.96% [3] Group 3: R&D Investment - The company has consistently increased R&D investment, maintaining a R&D expense ratio above 30%, with 2024 R&D expenses totaling CNY 276.56 million, a year-on-year increase of 33.49% [3] - As of the end of 2024, the company held 179 authorized patents, a 38% increase, including 105 invention patents, which grew by 67% [3] Group 4: Cash Flow and Dividends - The net cash flow from operating activities in 2024 was CNY 46.90 million, a 122.10% increase year-on-year, with cash inflow from sales exceeding CNY 500 million, up 52.33% [3] - The company proposed a dividend distribution of CNY 2.50 per 10 shares (tax included), with cumulative dividends exceeding CNY 217 million since listing [3] Group 5: AI and Technology Development - The company has made significant progress in AI, launching the INF-AI industrial intelligence integration platform and deploying various AI systems at customer sites [4] - The SemiMind semiconductor large model platform has been introduced, integrating knowledge base and intelligent model technologies [4] Group 6: Market Position and Strategy - The company focuses on independent innovation in the EDA field, actively developing domestic alternatives to EDA software and electrical testing equipment [6] - The company aims to leverage the opportunity presented by the acceleration of domestic substitution in the EDA market due to overseas supply chain disruptions [6] Group 7: Future Plans and M&A Strategy - The company emphasizes long-term investment value and plans to enhance market value through continuous focus on core business and R&D investment [7] - Potential M&A activities will focus on EDA software, semiconductor data software, and testing equipment sectors, aligning with the company's strategic development [8]

Core Viewpoint - Jiangbei New Area is focusing on the development of the industrial software sector, leveraging its unique advantages as a national-level new area and aiming to enhance collaboration and innovation through various initiatives and funding [1][5][8] Group 1: Industrial Software Development - Jiangbei New Area is hosting three key activities related to industrial software during the 2025 Nanjing Software Conference, including supply-demand matching and financial connections [1] - The area has established a 10 billion yuan special fund to promote collaborative innovation in the industrial software sector [8] - The industrial software industry in Jiangbei New Area has reached a scale of 120 billion yuan, with 115 large-scale software and information technology service enterprises [1][3] Group 2: Technological Innovation and Industry Focus - Jiangbei New Area is concentrating on eight cutting-edge fields, including photonic chips, intelligent sensors, and AI applications, to drive technological innovation and project aggregation [3] - The area has formed partnerships with leading companies like Huawei to establish the "Nanjing Industrial Software Cloud Engineering Application Innovation Center," aimed at advancing independent industrial software technology [5] Group 3: Economic Impact and Future Prospects - Jiangbei New Area has 750 large-scale industrial enterprises, with five generating over 10 billion yuan in annual output, contributing to nearly 25% of the city's total industrial output value [3] - The software business revenue in the industrial technology innovation park is projected to exceed 90 billion yuan in 2024, with nearly 50,000 employees in the software sector [5]

Market Overview - The market experienced a rebound with the ChiNext Index leading the gains, driven by strong performances in sectors such as autonomous vehicles and blockchain [1] - Over 4,400 stocks in the Shanghai and Shenzhen markets saw gains, with total trading volume reaching 1.21 trillion [1] Blockchain Sector - The blockchain sector surged, with stocks like Yuyin Co. and Xiongtai Technology hitting the daily limit [4] - A key catalyst for this surge was the Hong Kong Legislative Council's approval of the "Stablecoin Regulation Draft" on May 21, 2025, establishing a comprehensive regulatory framework for fiat-backed stablecoins [4] - Zhong An Bank, the first digital bank in Hong Kong to provide reserve banking services for stablecoin issuers, saw its stock rise over 70% in the last five trading days [4] Autonomous Logistics Vehicles - The autonomous logistics vehicle sector continued its upward trend, with companies like Tongda Electric and Cloud Inner Power achieving consecutive daily limits [6] - SF Express reported having over 800 customized autonomous vehicles in operation, with projections for significant growth in 2025 [6][8] - The global market for autonomous vehicles is expected to see exponential growth, with Tesla's Optimus targeting a production cost below $20,000 [8] EDA Design Software - EDA design software stocks experienced significant gains, with companies like Shentong Metro and Galun Electronics hitting daily limits [9] - The U.S. government's restrictions on semiconductor design software sales to Chinese companies have increased the difficulty for China to develop advanced chips, impacting the EDA market [9][10] - The Chinese EDA market is projected to grow from approximately 13.1 billion yuan in 2023 to 22.2 billion yuan by 2026, outpacing global growth rates [10][11] Other Active Sectors - The innovative drug sector saw renewed activity, with companies like Shutaishen hitting daily limits [11] - The nuclear fusion sector also showed strong performance, with companies like Jiusheng Electric and Huaneng Group experiencing notable gains [11] - The overall market sentiment remains positive, with various sectors including pharmaceuticals and autonomous driving showing robust activity [11]