Core Viewpoint - The recent lifting of the EDA export ban by the U.S. government is a significant development for the Chinese semiconductor industry, allowing access to advanced EDA technologies and potentially accelerating chip design capabilities and high-end chip development [6][24]. Group 1: EDA Export Ban and Its Lifting - The U.S. government lifted the export ban on EDA software for Chinese companies, with Siemens, Synopsys, and Cadence resuming their services [6][7]. - The original ban was imposed on May 29, 2025, targeting EDA tools related to AI chip development and entities on the entity list [8]. - U.S. companies dominate the global EDA market, holding a combined market share of 74% as of 2024, with over 80% in the Chinese EDA market [9]. Group 2: Importance of EDA - EDA, or Electronic Design Automation, is crucial for chip design, encompassing tools for design, layout, and verification, significantly impacting the success rate and cost of chip production [13][14]. - The complexity and high costs associated with chip design necessitate the use of EDA tools to minimize errors and reduce losses [13][14]. Group 3: Challenges for Domestic EDA - Domestic EDA companies face significant challenges, including a lack of comprehensive EDA toolchains and a gap in advanced process support, particularly for nodes below 3nm [21]. - The Chinese EDA industry has historically been slow to develop due to limited investment and reliance on foreign technologies [16][17]. Group 4: Future Implications of the Ban Lifting - The lifting of the EDA export ban may lead to a rapid resumption of collaboration between Chinese semiconductor firms and international EDA giants, potentially accelerating high-end chip design projects [25]. - However, there is a risk that increased reliance on imported EDA tools could weaken the motivation to develop domestic alternatives [25][26]. - To achieve true technological independence, the Chinese semiconductor industry must prioritize the development and adoption of domestic EDA solutions [26].

Core Viewpoint - The recent reversal of the U.S. export control policy on EDA (Electronic Design Automation) companies has significant implications for the semiconductor industry in China, highlighting the urgent need for domestic alternatives in core technology areas [1][4]. Group 1: Policy Changes - On July 3, 2023, the U.S. Department of Commerce notified major EDA suppliers—Synopsys, Cadence, and Siemens—that the previous requirement for government licenses for their operations in China has been lifted, allowing them to fully restore services to Chinese clients [2][3]. - The initial export restrictions imposed in May 2023 required these companies to apply for licenses to export specific EDA tools to China, which could have severely impacted both the companies and the domestic semiconductor industry [3][4]. Group 2: Market Dynamics - The three major EDA companies dominate the global market, holding over 70% of the global EDA market share and exceeding 80% in the Chinese market [3]. - The recent export ban and its subsequent lifting have underscored the vulnerability of Chinese chip design firms to supply chain disruptions, as they rely heavily on these international EDA tools [4][5]. Group 3: Domestic Industry Response - The need for domestic EDA solutions has been amplified by the recent events, with experts suggesting that the Chinese semiconductor industry must support local EDA companies while also encouraging the adoption of domestic alternatives through policy measures [1][5]. - Domestic EDA companies, such as Huada Empyrean, GigaDevice, and Gexin Electronics, are currently small players in a market dominated by international giants, indicating a significant gap in technology and product offerings [5][6]. Group 4: Future Outlook - The long-term development of domestic EDA capabilities is essential, as the current reliance on international tools poses a substantial risk to the Chinese semiconductor supply chain [4][6]. - Mergers and acquisitions are seen as a strategy for domestic EDA firms to strengthen their market position and enhance technological capabilities, with several companies actively pursuing such opportunities [6][7].

二 0 二五年六月十日 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 关于上海概伦电子股份有限公司 差异化分红的 法律意见书 上海市锦天城律师事务所法律意见书 上海市锦天城律师事务所 关于上海概伦电子股份有限公司 差异化分红的法律意见书 致：上海概伦电子股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海概伦电子股份有限 公司（以下简称"公司"）委托，就公司 2024 年度利润分配所涉及的差异化分 红（以下简称"本次差异化分红"）相关事项出具本法律意见书。 为出具本法律意见书，本所律师查阅了公司本次差异化分红的有关文件和材 料，就相关事项向公司进行了必要的询问。本所根据《中华人民共和国公司法》 （以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、《上市公司股份回购规则》（以下简称"《回购规则》"）、《上海 证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简称"《回购指 引》"）及《上海证券交易所科创板股票上市规则》（以下简 ...

上海概伦电子股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688206 证券简称：概伦电子 公告编号：2025-039 重要内容提示： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/7/10 | 2025/7/11 | 2025/7/11 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经上海概伦电子股份有限公司（以下简称"公司""本公 司"）2025 年 6 月 10 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 东。 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.03元（含税） 相关日期 1. 发放年度：2024年年度 2. 分派对象： 3. 差异化分红送转方案： （1）本次差异化分红方案 根据公司 2024 年年度股东大会审议通 ...

Group 1 - The U.S. government has lifted certain export licensing requirements for chip design software to China, allowing companies like Siemens and Synopsys to resume sales and support for their products in the Chinese market [1][2] - Siemens confirmed that it has regained full access to export-controlled software and technology, specifically under ECCNs 3D991 and 3E991, and has resumed sales and technical support to Chinese customers [2][3] - The global EDA market reached $14.53 billion in 2023, which, while relatively small, plays a crucial role in supporting the trillion-dollar electronics industry [2][3] Group 2 - EDA tools are essential for reducing design complexity, minimizing errors, and improving the success rate of integrated circuit (IC) production, thus significantly impacting the efficiency and quality of the entire industry [3] - The majority of the EDA market is dominated by three major international players: Synopsys, Cadence, and Siemens EDA, which together hold nearly 80% market share, while domestic companies account for less than 2% [3][4] - Despite the dominance of international EDA firms, domestic EDA companies are making progress, with a growing number of high-quality local enterprises emerging in China [4][5] Group 3 - Domestic EDA firms like Huada Jiutian, Gai Lun Electronics, and Guangli Micro have seen slight declines in stock prices following the resumption of supply from international EDA companies [4] - Huada Jiutian offers a comprehensive simulation circuit design EDA tool system, while Gai Lun Electronics combines semiconductor device testing systems with EDA software for differentiated solutions [5] - Guangli Micro is one of the few companies capable of providing full-process coverage products and services in yield enhancement and electrical monitoring [5]

Core Insights - Major EDA software companies Synopsys, Cadence, and Siemens have resumed services to China after the U.S. Bureau of Industry and Security (BIS) lifted export restrictions [1][2] Group 1: Market Share and Impact - In 2024, Synopsys, Cadence, and Siemens are projected to hold 31%, 30%, and 13% of the global EDA market share, respectively, totaling over 70% [1] - These three companies dominate the Chinese market, accounting for over 80% of the market share [1] - Synopsys and Cadence reported that their revenues from China represent 16% and 12% of their total revenues for the 2024 fiscal year [1] Group 2: Regulatory Changes - The BIS had previously issued export restrictions against these companies, impacting their business outlook [1] - Following the recent communication from BIS, Cadence confirmed the removal of the export restrictions and is working to restore access to affected customers [2] - Synopsys is also assessing the impact of the export restrictions on its business and financial results [2] Group 3: Market Reaction - Following the announcement of the resumption of services, the A-share EDA concept sector experienced a decline, with companies like Huada Jiutian, Guangliwei, and Gelun Electronics seeing drops of 1.9%, 2.24%, and 4.3% respectively [2] - Prior to the lifting of restrictions, the A-share EDA sector had previously surged in response to supply chain concerns [2]

Core Viewpoint - The company, Shanghai Gaolun Electronics Co., Ltd., is set to release 256,744,747 shares for trading on June 30, 2025, marking the end of a 42-month lock-up period for these shares, which represent 59.00% of the company's total equity [1][2][15]. Summary by Sections Stock Listing Details - The upcoming stock listing involves the release of 256,744,747 shares, which corresponds to 59.00% of the company's total equity, with a lock-up period of 42 months from the initial public offering [1][2][15]. - The shares will be available for trading starting June 30, 2025, due to the non-trading day on June 28, 2025 [1][2][15]. Changes in Share Capital - The company has experienced changes in its share capital due to the 2023 restricted stock incentive plan, which included two instances of share capital increase [2][3]. - The first instance involved the registration of 126,900 shares on February 18, 2025, increasing the total share capital from 433,804,445 shares to 433,931,345 shares [2][3]. - The second instance involved the registration of 1,246,508 shares on May 26, 2025, further increasing the total share capital to 435,177,853 shares [3][4]. Shareholder Commitments - Shareholders have made commitments regarding the lock-up period, including a 36-month restriction on transferring or managing shares held prior to the IPO [5][6][8]. - If the closing price falls below the IPO price within six months post-listing, the lock-up period will automatically extend by an additional six months [5][6][8]. - Shareholders must disclose any plans to reduce their holdings three trading days in advance and adhere to specific regulations regarding share transfers [7][9][10]. Compliance and Verification - The sponsor institution, China Merchants Securities Co., Ltd., has verified that all shareholders have complied with their commitments regarding the lock-up period [15][16]. - The release of the restricted shares and the timing of the listing comply with relevant laws and regulations [15][16].

证券代码：688206 证券简称：概伦电子 公告编号：2025-038 上海概伦电子股份有限公司 首次公开发行部分限售股上市流通公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 256,744,747股。该部分限售股份对应的股东数量为 9 名，占上海概伦电子股份有 限公司（以下简称"公司""概伦电子"）股本总数的 59.00%，限售期为自公司 股票上市之日起 42 个月。 本次股票上市流通总数为256,744,747股。 本次股票上市流通日期为2025 年 6 月 30 日（因 2025 年 6 月 28 日为非交 易日，故顺延至下一交易日）。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会出具的《关于同意上海概伦电子股份有限公司 首次公开发行股票注册的批复》（证监许可[2021]3703 号）以及上海证券交易所 出具的《关于上海概伦电子股份有限公司人民币普通股股票科创板上市交易的通 知》（[2021]492号），公司首次向社会公 ...

招商证券股份有限公司 关于上海概伦电子股份有限公司首次公开发行 部分限售股上市流通的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为上海 概伦电子股份有限公司（以下简称"概伦电子"或"公司"）首次公开发行股票 并上市持续督导阶段的保荐机构，根据《证券发行上市保荐业务管理办法》《上 海证券交易所科创板股票上市规则》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法律法规和规范性文件的要求，对概伦电子首次公开 发行部分限售股上市流通所涉及的事项进行了核查，核查情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会出具的《关于同意上海概伦电子股份有限公司 首次公开发行股票注册的批复》（证监许可[2021]3703 号）以及上海证券交易所 出具的《关于上海概伦电子股份有限公司人民币普通股股票科创板上市交易的通 知》（[2021]492 号），公司首次向社会公开发行人民币普通股（A 股）股票 43,380,445 股，并于 2021 年 12 月 28 日在上海证券交易所科创板挂牌上市。 本次上市流通的限售股为首发限售股份，限售股股东数量为 9 名，对应的股 份 ...

Core Viewpoint - The recent mergers and acquisitions in the semiconductor sector, driven by regulatory reforms, are aimed at enhancing the domestic supply chain and achieving self-sufficiency in China's semiconductor industry [1][2][3]. Group 1: Recent Mergers and Acquisitions - Haiguang Information's merger with Zhongke Shuguang will create a "computing power giant" with a market value of nearly 400 billion yuan, addressing chip shortages in the intelligent computing sector [2]. - Guokewei's acquisition of Zhongxin Ningbo will transform it into a chip company with its own wafer fab, enhancing industry synergy [2]. - Beifang Huachuang's acquisition of Chip Source Microelectronics will facilitate the integration of domestic semiconductor equipment [2]. - Gekun Electronics' acquisition of Ruicheng Chip and Huada Jiutian's acquisition of Chip and Semiconductor are seen as critical battles for the integration of China's EDA industry [2]. Group 2: Regulatory Environment - The "Eight Measures for Deepening the Reform of the Sci-Tech Innovation Board" and the "Six Opinions on Deepening the Reform of the Mergers and Acquisitions Market" are providing a "system dividend" that supports mergers and acquisitions in the semiconductor sector [1][3]. - These policies aim to enhance resource allocation efficiency and promote the self-reliance of China's semiconductor industry [3]. Group 3: Industry Context - The semiconductor industry is crucial for national economic stability, with a global market value exceeding $600 billion, supporting various electronic products and the digital economy [2]. - China's semiconductor imports reached $385.6 billion in 2024, highlighting the ongoing trade deficit in this sector despite efforts to boost domestic production [3]. - The goal of developing the semiconductor industry is to ensure supply chain security and national security, rather than merely eliminating trade deficits [3]. Group 4: Future Outlook - The integration wave in the semiconductor sector is expected to accelerate domestic substitution and enhance China's competitive position in the global market [3]. - The emphasis on mid-to-low-end chips and the potential in compound semiconductors indicate a strategic focus on areas where China can achieve significant advancements [4].