Technology Author: EqualOcean News, Qasim khan Jun 22, 2021 12:55 PM (GMT+8)

In 2019 and 2020, the firm's income reached CNY 253 million and CNY 406 million respectively.

IPO

The Shenzhen Stock Exchange accepted the IPO application of Empyrean on June 21, 2021.  

Founded in 2009, BGI has been focusing on the development, sales and related services of EDA tools. Its main products include EDA tool systems for analog circuit design, digital circuit design, flat panel display circuit design, wafer manufacturing and other EDA software products. The firm also provides various technical development services including wafer manufacturing engineering services around related fields.

It is reported that the IPO is predicted to raise CNY 2.5 billion, mainly to be used for the circuit simulation and digital analysis optimization EDA tool upgrade, analog design and verification EDA tool upgrade, a specific type of chip design-oriented EDA tool development project and digital design synthesis and verification EDA tool development project.

According to the company's financials, in 2019 and 2020, the growth rates of main business income were 77.12% and 60.32%, respectively. The strong growth of operating income was mainly driven by the growth of main business income. The gross profit margins were 95.35%, 88.65%, and 88.68% – they have always been maintained at a relatively high level, indicating that the firm's main business products are highly competitive. 

IPOGemchip design EDAEDA tools