Core Insights - The company faced profit pressure in 2024 due to significant stock-based compensation expenses, leading to a 45.46% year-on-year decline in net profit, despite a revenue increase of 20.98% [1] - In Q1 2025, the company reported a revenue of 234 million, a year-on-year increase of 9.77%, and a net profit of 10 million, reflecting a 26.72% increase [2] - The EDA market is projected to grow at a CAGR of 36% from 2024 to 2027, with the company's actual controller change expected to enhance its position and capabilities [2] Financial Performance - For the full year 2024, the company achieved a revenue of 1.222 billion, with a gross margin of 93.31% [1] - The projected revenues for 2025, 2026, and 2027 are 1.756 billion, 2.505 billion, and 3.510 billion respectively, with a CAGR of 41.4% [4] - The expected net profits for the same period are 225 million, 349 million, and 474 million, with a CAGR of 45.0% [4] Product Development and Market Position - The company is advancing its product lines significantly, including the launch of AI-enhanced design tools and platforms for various EDA applications [3] - Accelerated mergers and acquisitions are aimed at strengthening key capabilities and achieving over 90% coverage in digital circuit design by 2026 [3] - The company is enhancing its full-process coverage across various product categories, positioning itself for increased market share [3]