May 29, 2025 01:00 AM GMT Empyrean Technology Co Ltd | Asia Pacific Potential beneficiary from reported EDA restrictions What's new? According to press reports, the Trump Administration has asked leading EDA players (such as Synopsys, Cadence and Siemens) to halt the shipment of tools to China, (link). Overnight Cadence (CDNS.N) stock was down 10.7% and Synopsys (SNPS.N) stock (both covered by Lee Simpson) was down 9.6%, underperforming S&P index (down 0.6%). See link to Synopsys note here (link). Our take: ...

20 May 2025 | 1:59AM HKT China Software: 1Q25 result review; quality new products to drive growth; profitability remains key focus We review our China Software coverage based on 1Q25 performance and update our estimates to reflect our latest views. In 1Q25, the avg. revenue growth of our coverage was 6% YoY, and avg. net margin was -3% due to weak seasonality of 1Q. Looking into 2H25, software companies are focused on (1) high-quality products/ projects carrying better margins, (2) new products/ product upg ...