Securities abbreviation: Thunder Software Technology Co.Ltd(300496) securities code: Thunder Software Technology Co.Ltd(300496) Thunder Software Technology Co.Ltd(300496)
Feasibility analysis report on the use of funds raised by issuing A-Shares to specific objects in 2022
March, 2002
interpretation
In this report, unless the context otherwise requires, the following words have the following meanings:
Content of interpretation
Thunder Software Technology Co.Ltd(300496) / the company / the company / the issuer / refers to Thunder Software Technology Co.Ltd(300496) listed company this time
Like issuing / issuing A-Shares to specific objects in Thunder Software Technology Co.Ltd(300496) 2022
that ‘s ok
This report refers to the feasibility analysis report on the use of funds raised by issuing A-Shares to specific objects in Thunder Software Technology Co.Ltd(300496) 2022
HPC refers to high performance computing, which refers to computers that can perform large amounts of data and high-speed operations that cannot be processed by ordinary personal computers
Mattrans refers to the company’s products, which provide operating environment and tool chain for intelligent vehicles with centralized electronic and electrical architecture
Containerization refers to a method of software development, which effectively divides the resources of a single operating system into isolated groups, so as to better balance the conflicting resource use requirements between isolated groups
Cloud native refers to a new technology system and the future development direction of cloud computing
Domain refers to different sets of automotive electronic components. Bosch divides the whole vehicle into five domains: information and entertainment domain, body domain, powertrain domain, chassis domain and auxiliary / automatic driving domain
Android / Android refers to a free and open source operating system based on Linux, which is mainly used in mobile devices, such as smartphones and tablets. It is led and developed by Google and the open mobile alliance
Linux refers to a free and open source software operating system, which can be installed in various computer hardware devices, such as mobile phones, tablet computers, routers, desktop computers, mainframe computers, etc
QNX refers to QNX real-time operating system, a commercial real-time operating system brand under blackberry, a Canadian communications company
RTOS refers to real-time operating system, which is an operating system specially designed for real-time applications
PA refers to one of the grades of China’s intelligent Internet connected vehicles, and PA is partial automatic driving. Partial automatic driving system performs steering and acceleration and deceleration operations according to environmental information. Other driving operations are performed by human beings.
One of the grades of China’s intelligent Internet connected vehicles, CA is conditional automatic driving. Conditional automatic driving means that the driving system completes all driving operations. According to the system request, the driver needs to provide appropriate intervention
One of the grades of China’s intelligent Internet connected vehicles, ha is highly automatic driving. Highly automatic driving means that the HA system completes all driving operations. In a specific environment, the system will make a response request to the driver, and the driver can not respond to the system request
A kind of software between application system and system software, which can achieve the purpose of resource sharing and function sharing by using the basic services (functions) referred to by middleware provided by system software to connect various parts or different applications of application system on the network
Edge computing refers to an open platform integrating network, computing, storage and application core capabilities on the side close to the object or data source to provide nearest end services
5g refers to fifth generation, the fifth generation mobile communication technology
Cloud edge end refers to cloud, which refers to “cloud computing”, edge refers to “edge computing”, and end refers to “terminal”
AI refers to artificial intelligence technology
Integrated development environment (IDE) is an application program used to provide a program ide instruction development environment, which generally includes tools such as code editor, compiler, debugger and graphical user interface
EB5 refers to the company’s Internet of things edge intelligent products
IOT harbor refers to the company’s Internet of things connection management cloud platform
Model farm refers to the one-stop AI development platform developed by the company
Extended reality refers to the combination of reality and virtual through computer. XR refers to creating a virtual environment that can be human-computer interaction. It is also a general term of AR, VR, Mr and other technologies
VR refers to virtual reality
Ar refers to augmented reality
Mr refers to mixed reality technology
OS refers to operating system
SDK refers to the software development kit, a collection of development tools used to build application software for specific software packages, software frameworks, hardware platforms, operating systems, etc
Kanzi refers to the brand of intelligent vehicle series products independently developed by rightware, a wholly-owned subsidiary of Thunder Software Technology Co.Ltd(300496) and is a human-computer interaction development tool tailored for the intelligent cockpit
Screen effect means that due to the insufficient resolution of VR glasses (screen and content), human eyes will directly see the pixels of the display screen, just like looking at things through the screen
Eflops refers to flops, which is the abbreviation of floating-point operations per second. An eflops is equal to 1018 floating-point operations per second
L4 level – highly automatic driving, L5 level – fully automatic driving.
All L4 / L5 pointing operations are completed by the vehicle. Human drivers do not need to maintain concentration, but limit road and environmental conditions. Level L is the level of ADAS (driver assistance system) by SAE (International Association of Automotive Engineers), and l is the first letter of level
Mbps refers to the abbreviation of megabits per second. It is a unit of transmission rate and refers to the number of bits (bits) transmitted per second
Moore’s Law refers to that Gordon Moore, one of the founders of Intel, proposed that its core content is that the number of transistors that can be accommodated on an integrated circuit will double every 18 months
The heterogeneous instruction set refers to the composition of different computing units and the use of different computing systems
Thunder Software Technology Co.Ltd(300496) (hereinafter referred to as the “company” and ” Thunder Software Technology Co.Ltd(300496) “) is a company listed on the gem of Shenzhen Stock Exchange. In order to meet the capital needs of the company’s business development, enhance the company’s capital strength and improve profitability, it is planned to issue shares to specific objects to raise funds for vehicle operating system R & D projects, edge computing station R & D and industrialization projects, extended reality (XR) R & D and industrialization projects, distributed computing network technology R & D projects and supplement working capital. The feasibility analysis of the company’s use of the funds raised by issuing shares to specific objects is as follows: I. The use plan of the funds raised this time
The total amount of funds to be raised in this issuance shall not exceed 3100 million yuan (including this amount), and the net amount of the raised funds after deducting the issuance expenses shall be used for the following items:
Unit: 10000 yuan
No. project name total investment proposed to use raised funds
1. Research and development project of vehicle operating system 100497226500000
2 edge computing station R & D and industrialization project 1793957510050000
3 extended reality (XR) R & D and industrialization project 75852233 Shanghai Pudong Development Bank Co.Ltd(600000)
4 distributed computing network technology R & D project 29015171850000
5. Supplementary working capital 90 China Baoan Group Co.Ltd(000009) 000000
Total 47603731000000
Note: the final project name shall be subject to the name approved or filed by the competent department
If the net amount of the raised funds issued to specific objects is less than the amount of the raised funds to be used in the above projects, the company will adjust and finally decide the specific investment projects, priorities and specific investment amount of each purpose of the raised funds according to the net amount of the raised funds and the priorities of the projects, The insufficient part of the raised funds shall be solved by the company with self raised funds or through other financing methods.
Before the raised funds issued to specific objects are in place, the company may invest in advance with self raised funds according to the actual needs of the project progress, and replace them in accordance with the procedures specified in relevant laws and regulations after the raised funds are in place.
2、 Project scheme overview and feasibility analysis
(I) R & D project of vehicle operating system
1. Project overview
The high-speed development of vehicle intelligence and networking drives the vehicle from the intelligence of local functions such as driving domain and cockpit domain to a higher-level vehicle intelligence era. As the “central brain” of managing and controlling on-board hardware and software resources, the vehicle operating system is becoming more and more important.
Through this project, the company plans to lay out the next generation of intelligent vehicle operating system in advance, develop vehicle HPC system components, and develop mattrans intelligent vehicle operating system. The mattrans operating system will provide the operation environment and tool chain of intelligent vehicles for electronic and electrical architecture, the safe operation environment based on virtualization and container, and the cloud development and deployment environment based on cloud native.
2. Project necessity
(1) The centralization of electronic and electrical architecture has brought great changes to the automotive industry, and the demand for the next generation vehicle operating system appears
At present, the automotive electronic and electrical architecture is changing rapidly, and is gradually evolving from traditional distributed to domain integrated or central integrated. With the change of electronic and electrical architecture, the research and development of intelligent vehicle operating system that meets the requirements of new electronic and electrical architecture and can support central computing in the future has become the key. At present, the vehicle specification level hardware performance is insufficient, and the degree of software system integration is low, which can not meet the integration needs of high-level automatic driving and highly intelligent interactive experience in the cockpit in the future. The demand for the next generation vehicle operating system is gradually increasing.
At present, all parties in the intelligent vehicle industry chain have laid out the platform of intelligent vehicle. For example, Tesla, Weilai, great wall and other auto companies have planned to adopt models with “central brain” architecture by 2025, and chip manufacturers such as NVIDIA and horizon have launched the development and industrialization plan of high-power vehicle scale chips. The development of vehicle operating system has become an important trend of industry development, and it is also the key to the future market competition of intelligent vehicle operating system suppliers. As a leading software manufacturer in the field of intelligent vehicles, the company has entered
