证券代码：301095 证券简称：广立微 公告编号：2025-036 杭州广立微电子股份有限公司 第二届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、 董事会会议召开情况 杭州广立微电子股份有限公司（以下简称"公司"）第二届董事会第十九次会 议于 2025 年 7 月 14 日（星期一）在杭州市余杭区五常街道联创街 188 号 A1 号 楼 4 楼会议室以现场结合通讯方式召开。会议通知已于 2025 年 7 月 8 日通过书 面、邮件及其他通讯方式送达全体董事，全体董事确认已收到本次董事会会议的 会议通知。本次会议应出席董事 7 人，实际出席董事 7 人，并以通讯方式出席会 议。本次会议由董事长郑勇军先生主持，公司监事、高级管理人员列席了本次会 议。 经与会董事审议表决，一致通过以下决议： （一）审议通过《关于调整部分募投项目投资金额暨使用部分超募资金增加 投资的议案》 根据公司募投项目的实际建设情况和投资进度，公司拟调整"集成电路成品 率技术升级开发项目"和"集成电路 EDA 产业化基地项目"的投资金额，并使 用超募资金 2 ...

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].

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]

Group 1 - The core viewpoint of the news is that Guangli Micro (301095) has shown significant financial growth in its latest quarterly report, with a notable increase in revenue and net profit [1] - As of June 23, 2025, Guangli Micro's stock closed at 53.05 yuan, reflecting a 4.31% increase, with a trading volume of 68,500 lots and a transaction amount of 361 million yuan [1] - The company reported total operating revenue of 66.48 million yuan for Q1 2025, representing a year-on-year growth of 51.43%, and a net profit attributable to shareholders of 13.71 million yuan, up 40.11% year-on-year [1] Group 2 - Guangli Micro has a strong liquidity position, with a current ratio of 17.98 and a quick ratio of 16.08, indicating robust financial health [1] - The company has a low debt-to-asset ratio of 5.80%, suggesting minimal reliance on debt financing [1] - Guangli Micro has made investments in 16 companies and participated in 43 bidding projects, showcasing its active engagement in the market [2]

Group 1: Company Overview - Guangli Microelectronics is a leading supplier of integrated circuit software and wafer-level electrical testing equipment, focusing on improving chip yield and rapid monitoring technology [2] - The company has developed a comprehensive yield enhancement solution combining EDA design software, WAT testing equipment, and semiconductor data analysis tools [2] Group 2: Financial Performance - In 2024, the company achieved a revenue of CNY 546.87 million, a year-on-year increase of nearly 15%, driven by a strong growth of over 70% in software business [3] - The net profit for 2024 was CNY 84.30 million, maintaining profitability above CNY 100 million after excluding share-based payment impacts [3] - The comprehensive gross margin for 2024 was 61.90%, up 1.77 percentage points year-on-year, with software business gross margin at 85.96% [3] Group 3: R&D Investment - The company has consistently increased R&D investment, maintaining a R&D expense ratio above 30%, with 2024 R&D expenses totaling CNY 276.56 million, a year-on-year increase of 33.49% [3] - As of the end of 2024, the company held 179 authorized patents, a 38% increase, including 105 invention patents, which grew by 67% [3] Group 4: Cash Flow and Dividends - The net cash flow from operating activities in 2024 was CNY 46.90 million, a 122.10% increase year-on-year, with cash inflow from sales exceeding CNY 500 million, up 52.33% [3] - The company proposed a dividend distribution of CNY 2.50 per 10 shares (tax included), with cumulative dividends exceeding CNY 217 million since listing [3] Group 5: AI and Technology Development - The company has made significant progress in AI, launching the INF-AI industrial intelligence integration platform and deploying various AI systems at customer sites [4] - The SemiMind semiconductor large model platform has been introduced, integrating knowledge base and intelligent model technologies [4] Group 6: Market Position and Strategy - The company focuses on independent innovation in the EDA field, actively developing domestic alternatives to EDA software and electrical testing equipment [6] - The company aims to leverage the opportunity presented by the acceleration of domestic substitution in the EDA market due to overseas supply chain disruptions [6] Group 7: Future Plans and M&A Strategy - The company emphasizes long-term investment value and plans to enhance market value through continuous focus on core business and R&D investment [7] - Potential M&A activities will focus on EDA software, semiconductor data software, and testing equipment sectors, aligning with the company's strategic development [8]

Investment Rating - The report indicates a positive outlook for the domestic EDA industry, highlighting the potential for domestic substitution in the context of recent export controls from the US [3][20]. Core Insights - The EDA tools are critical for the semiconductor industry, encompassing the entire design process from chip functionality to physical realization, and the recent US export controls have intensified the focus on domestic alternatives [3][4][10]. - The domestic EDA market is experiencing rapid growth, with a market size projected to reach approximately 120 billion RMB in 2024, but the domestic substitution rate remains low at under 15% [17][19]. - The report emphasizes the importance of both technological advancements and ecosystem restructuring in the domestic EDA sector to reduce reliance on foreign tools and enhance competitiveness [20][21]. Summary by Sections EDA Supply Chain and Export Controls - The US has implemented a series of export controls on EDA tools, starting with Huawei in 2019 and expanding to cover advanced process design capabilities below 14nm as of May 2025 [4][5]. - Major EDA companies like Synopsys and Cadence have confirmed the suspension of operations in China, affecting a significant number of employees and clients [5][10]. Current State of Domestic EDA Tools - The domestic EDA industry is in a rapid development phase, with notable achievements in specific areas like analog circuit design, but still lacking in comprehensive solutions compared to international leaders [13][14]. - The report highlights that while some domestic tools have achieved significant milestones, the overall market remains heavily reliant on imports, particularly for advanced process technologies [10][17]. Investment and Policy Support - The report notes a substantial increase in investment in the EDA sector, with financing exceeding 80 billion RMB in 2022, reflecting the government's commitment to supporting this strategic industry [21][22]. - Various policies have been introduced to foster the growth of domestic EDA tools, including tax incentives and direct investments from national funds [15][16]. Future Outlook and Challenges - The report suggests that the domestic EDA industry must focus on both technological innovation and ecosystem collaboration to effectively compete with established international players [20][21]. - There is a significant talent gap in the EDA field, with a shortage of high-level professionals hindering the progress of domestic companies [20].

Core Viewpoint - The U.S. government's restrictions on EDA tools from major suppliers like Siemens, Synopsys, and Cadence pose significant challenges for China's high-end chip design industry, particularly for advanced processes below 3nm [2][3]. Group 1: EDA Market Overview - EDA (Electronic Design Automation) is essential for chip design, covering the entire process from logic simulation to physical verification and layout design [3]. - The global EDA market is dominated by three major players: Synopsys, Cadence, and Siemens EDA, which together hold over 80% market share, while China's domestic market penetration is less than 12% [3]. - The cost of designing a 5nm chip using international tools is approximately $40 million, but without these tools, costs could soar to $7.7 billion, highlighting the critical role of EDA tools in chip design [3]. Group 2: Domestic EDA Companies - Huada Jiutian (301269.SZ) is a leader in analog circuit design, achieving a revenue of 1.01 billion yuan in 2023, a 26.6% year-on-year increase, and holds the largest market share among domestic companies [4][5]. - Gekun Electronics (688206.SH) specializes in device modeling and simulation, achieving international standards in SPICE simulation, with a revenue share of 30% from design-related EDA in 2023 [6]. - Guangli Micro (301095.SZ) focuses on yield analysis and manufacturing EDA, with over 80% of its business in testing equipment and a 34.3% year-on-year growth in software development and licensing in 2023 [7][8]. Group 3: Paths for Domestic EDA Breakthrough - Domestic EDA companies are pursuing three main strategies to overcome external restrictions: integrating AI with EDA tools, advancing Chiplet and packaging technologies, and fostering open-source ecosystems and international collaborations [10][11]. - Huada Jiutian has launched a 3DIC Chiplet design platform and is collaborating with Changjiang Electronics to develop domestic packaging EDA solutions [10]. - Companies like Gekun Electronics and Xinhua Zhang are working with international firms like Samsung and SK Hynix to mitigate technology isolation risks [12]. Group 4: Industry Outlook - The domestic EDA market is expected to exceed 20 billion yuan in the next three years, with an annual growth rate of 18.7%, potentially increasing the domestic market share to 25% by 2025 [13]. - Key technical focuses include integrating full-process platforms and developing independent PDKs in collaboration with major foundries like SMIC and Changjiang Storage [14][15]. - The education sector is responding to industry needs by establishing new "Integrated Circuit EDA" programs, aiming to train over 5,000 professionals annually [16].

Macro Dynamics - The Chinese Ministry of Commerce urges the U.S. to completely eliminate unilateral tariffs, emphasizing that trade wars have no winners and protectionism leads to negative outcomes [1] - The Chinese Ministry of Foreign Affairs firmly opposes the U.S. decision to unjustly cancel Chinese student visas, stating it harms the legitimate rights of Chinese students and disrupts normal cultural exchanges between the two countries [2] Market Data - On May 29, the A-share market saw the ChiNext Index rise by 1.37%, with significant gains in digital currency and EDA concepts, as well as autonomous driving and innovative drug sectors [7] - The total market turnover reached 1.2 trillion yuan, an increase from the previous day's 1 trillion yuan, with over 4,400 stocks rising [7] - As of May 28, the total margin balance in the two markets increased by 2.95 billion yuan, with the Shanghai Stock Exchange's margin balance at 909.99 billion yuan and the Shenzhen Stock Exchange's at 883.23 billion yuan [8] Company Dynamics - Tesla's CEO Elon Musk announced that the Model Y autonomous driving vehicle will be delivered to customers in June, with successful testing on public roads in Austin [10] - Ideal Auto reported a total revenue of 25.9 billion yuan for Q1 2025, a year-on-year increase of 1.1%, and a net profit of 647 million yuan, up 9.4% year-on-year, with total vehicle deliveries of 92,900 units, reflecting a 15.5% increase [12]