北京市金杜律师事务所 关于北京华大九天科技股份有限公司 2023 年限制性股票激励计划授予价格调整及预留授予事项 之 法律意见书 致：北京华大九天科技股份有限公司 北京市金杜律师事务所（以下简称金杜或本所）接受北京华大九天科技股份有 限公司（以下简称公司或华大九天）的委托，作为公司 2023 年限制性股票激励计 划（以下简称本计划或本激励计划）的专项法律顾问，根据《中华人民共和国公司 法（2023 修订）》（以下简称《公司法》）、《中华人民共和国证券法（2019 修订）》 （以下简称《证券法》）、中国证券监督管理委员会（以下简称中国证监会）《上市 公司股权激励管理办法（2018 修正）》（以下简称《管理办法》）、《深圳证券交易所 创业板股票上市规则（2024 年修订）》《深圳证券交易所创业板上市公司自律监管 指南第 1 号——业务办理（2024 年修订）》等法律、行政法规、部门规章及其他规 范性文件和现行有效的《北京华大九天科技股份有限公司章程》（以下简称《公司 章程》）、《北京华大九天科技股份有限公司 2023 年限制性股票激励计划（草案）》 （以下简称《激励计划（草案）》）的有关规定，就公司实施本计划授予 ...

证券代码：301269 证券简称：华大九天 公告编号：2024-042 1、2023 年 11 月 3 日，公司召开第一届董事会第十八次会议，审议通过了 《关于<北京华大九天科技股份有限公司 2023 年限制性股票激励计划（草案）> 及其摘要的议案》《关于<北京华大九天科技股份有限公司 2023 年限制性股票激 励计划实施考核管理办法>的议案》以及《关于提请股东大会授权董事会办理 2023 年限制性股票激励计划相关事宜的议案》。公司独立董事就本激励计划相 关事项发表了同意的独立意见。根据公司其他独立董事的委托，独立董事吴革先 生作为征集人，就公司 2023 年第一次临时股东大会审议的本激励计划相关议案 向全体股东征集委托投票权。 关于调整 2023 年限制性股票激励计划授予价格的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 北京华大九天科技股份有限公司（以下简称"公司"）于 2024 年 11 月 4 日 分别召开第二届董事会第八次会议和第二届监事会第八次会议，审议通过了《关 于调整 2023 年限制性股票激励计划授予价格的议案》。鉴于公司 2023 ...

证券代码：301269 证券简称：华大九天 公告编号：2024-041 北京华大九天科技股份有限公司 第二届监事会第八次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 北京华大九天科技股份有限公司（以下简称"公司"）第二届监事会第八次 会议通知于 2024 年 10 月 24 日以电子邮件等方式向各位监事发出，会议于 2024 年 11 月 4 日在公司会议室以现场及通讯相结合的方式召开。本次会议应出席监 事 3 人，实际出席监事 3 人，其中，监事王博以通讯方式参加本次会议，公司董 事会秘书列席本次会议。本次会议由监事会主席王博先生主持。本次会议的召集、 召开及表决程序符合《公司法》及《公司章程》的有关规定。 二、监事会会议审议情况 经与会监事审议表决，审议通过了以下议案： 1、审议通过《关于调整 2023 年限制性股票激励计划授予价格的议案》 监事会认为：公司对 2023 年限制性股票激励计划授予价格的调整符合《上 市公司股权激励管理办法》（以下简称"《管理办法》"）和《北京华大九天科技 股份有限公司 2023 年限制 ...

公司股东上海建元股权投资基金管理合伙企业（有限合伙）-上海建元股权 投资基金合伙企业（有限合伙）保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 北京华大九天科技股份有限公司 关于持股 5%以上股东减持股份预披露公告 特别提示： 证券代码：301269 证券简称：华大九天 公告编号：2024-039 6、上海建元不存在《深圳证券交易所上市公司自律监管指引第 18 号——股 东及董事、监事、高级管理人员减持股份》第五条规定的不得减持的情形。 持有北京华大九天科技股份有限公司（以下简称"公司"或"华大九天"） 股份 43,850,542 股（占公司总股本比例 8.076%）的大股东"上海建元股权投资 基金管理合伙企业（有限合伙）-上海建元股权投资基金合伙企业（有限合伙）" （以下简称"上海建元"）计划在本公告披露之日起十五个交易日后的三个月内， 通过集中竞价、大宗交易等方式减持累计不超过 2,714,708 股，即不超过公司总 股本的 0.5%。 公司于近日收到持股 5%以上的股东上海建元出具的《拟减持股份告知函 ...

Investment Rating - The report maintains an "Outperform" rating for the company [4][7]. Core Views - The company reported a revenue of 744 million yuan for the first three quarters of 2024, representing a year-on-year growth of 16.3%. However, the net profit attributable to the parent company decreased by 65.8% to 58.55 million yuan [4][5]. - The company has made significant progress in its product lines, enhancing its full-process capabilities, which is expected to support future growth [6][7]. - The report indicates a slight downward revision in revenue and net profit forecasts for 2024-2026 due to factors affecting downstream order confirmations [7]. Financial Summary - For 2024E, total revenue is projected to be 1,255 million yuan, with a year-on-year growth rate of 24.2%. The net profit is expected to be 103 million yuan, reflecting a decline of 48.6% compared to the previous year [8][10]. - The gross margin is expected to remain stable at around 92.5% for 2024E, with a projected return on equity (ROE) of 2.1% [8][10]. - The company’s R&D expenses are anticipated to increase significantly, reaching 939 million yuan by 2025E, which may pressure short-term profitability [5][10].

Investment Rating - Maintain "Recommend" rating [2][4] Core Views - The company's revenue shows steady growth, with Q3 2024 revenue reaching 300 million yuan, a year-on-year increase of 27.60% and a quarter-on-quarter increase of 30.14% [2] - Despite a significant year-on-year decline in net profit attributable to the parent company, the company maintains a high gross margin of 92.56% in Q3 2024, up 1.72 percentage points year-on-year [2] - The company continues to strengthen its market leadership position through continuous R&D investment and the launch of innovative products [2] Financial Performance - In the first three quarters of 2024, the company achieved revenue of 744 million yuan, a year-on-year increase of 16.25%, while net profit attributable to the parent company was 59 million yuan, a year-on-year decrease of 65.84% [2] - The company's revenue is expected to grow steadily, with forecasts of 1.285 billion yuan, 1.638 billion yuan, and 2.068 billion yuan for 2024, 2025, and 2026, respectively [3] - Net profit attributable to the parent company is projected to be 117 million yuan, 223 million yuan, and 334 million yuan for 2024, 2025, and 2026, respectively [3] Product and Market Strategy - The company has launched several new EDA products, including Andes-Analog, Andes-Power, Optimus, and Vision, which enhance its competitiveness in the semiconductor design and manufacturing fields [2] - With over 600 global customers, including Diodes, Renesas Electronics, and Ricoh Microelectronics, the company has established a strong global client network [2] Valuation and Forecast - The company's PE ratio is expected to be 457, 239, and 160 for 2024, 2025, and 2026, respectively [3] - Earnings per share are forecasted to be 0.22 yuan, 0.41 yuan, and 0.61 yuan for 2024, 2025, and 2026, respectively [3]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, Huada Jiutian, with a target price of 120.32 CNY [4][23]. Core Views - Huada Jiutian is recognized as the leading domestic EDA (Electronic Design Automation) vendor, benefiting from significant competitive advantages. The rapid development of China's integrated circuit industry and the acceleration of domestic substitution are expected to drive the company's growth beyond market expectations [2][4]. - The company has a clear strategic plan aiming for comprehensive coverage of EDA tools across all fields of integrated circuit design and manufacturing by 2030, supporting domestic autonomy [4][12]. Financial Summary - Revenue is projected to grow from 1.01 billion CNY in 2023 to 2.12 billion CNY by 2026, with annual growth rates of 26.6%, 29.9%, 28.1%, and 26.2% respectively [3][16]. - Net profit attributable to the parent company is expected to fluctuate, with estimates of 201 million CNY in 2023, dropping to 133 million CNY in 2024, and then rising to 332 million CNY by 2026 [3][16]. - Earnings per share (EPS) are forecasted to be 0.37 CNY in 2023, 0.25 CNY in 2024, and increasing to 0.61 CNY by 2026 [3][16]. Industry Overview - The EDA industry is experiencing high demand, with domestic substitution expected to accelerate due to increasing importance of self-sufficiency amid external risks. The Chinese EDA market is growing faster than the global average, although dominated by three international giants [4][12]. - The company is positioned in the second tier of the market but has significant growth potential due to the low base of market share and the ongoing trend of domestic substitution [4][12]. Competitive Advantages - Huada Jiutian has established a strong "moat" through its comprehensive product offerings, talent pool, and customer relationships. The company covers seven major fields with full-process tools in four areas, enhancing its competitive edge [4][25][27]. - The company has a robust talent acquisition strategy, including partnerships with educational institutions and stock incentives to retain key personnel [4][29]. Valuation - The report employs both PS (Price to Sales) and PB (Price to Book) valuation methods, arriving at a target price of 120.32 CNY based on an average of the two methods [20][22][23].

Revenue and Profit - Revenue for Q3 2024 reached ¥299,750,295.25, an increase of 27.69% year-over-year, while year-to-date revenue totaled ¥743,538,328.46, up 16.25% compared to the previous year[3] - Net profit attributable to shareholders for Q3 2024 was ¥20,674,114.08, a decrease of 76.40% year-over-year, with year-to-date net profit at ¥58,545,382.29, down 65.84%[3] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥17,682,367.68, a significant increase of 395.75% year-over-year, while year-to-date it was -¥33,564,269.85, down 280.88%[3] - The net profit for Q3 2024 was CNY 58,545,382.29, a decrease of 65.8% compared to CNY 171,402,408.29 in Q3 2023[19] - Total operating income for Q3 2024 was CNY 65,085,026.72, down 61.9% from CNY 171,052,595.69 in Q3 2023[19] - The company reported a total profit of CNY 65,115,012.37, down 61.9% from CNY 171,158,948.68 in the previous year[19] - Total comprehensive income for Q3 2024 was CNY 56,167,113.40, significantly lower than CNY 172,992,908.93 in the same quarter last year[20] Assets and Liabilities - The company's total assets as of the end of Q3 2024 were ¥5,283,459,908.50, a decrease of 4.55% from the end of the previous year[3] - Current assets totaled ¥3,172,039,618.34, a decrease of 11.0% from ¥3,564,411,913.23 in the previous quarter[17] - Non-current assets increased to ¥2,111,420,290.16, up from ¥1,971,125,576.92, representing a growth of 7.1%[17] - Total liabilities decreased to ¥378,993,918.43 from ¥752,192,713.06, indicating a reduction of 49.7%[18] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a year-to-date figure of -¥41,435,652.96, down 124.78% compared to the previous year[3] - Cash inflow from operating activities was CNY 781,721,770.06, a decrease from CNY 846,631,887.41 in the previous year[21] - The net cash outflow from operating activities was CNY 41,435,652.96, a decrease from the previous year's net inflow of CNY 167,243,416.04, indicating a significant decline in operational cash flow[22] - The total cash inflow from investment activities was CNY 93,164,055.56, compared to CNY 4,221,091,281.48 in the previous year, reflecting a substantial decrease in investment cash inflows[22] - The net cash outflow from investment activities was CNY 502,685,723.29, contrasting with a net inflow of CNY 72,738,978.53 in the same period last year, highlighting a negative shift in investment performance[22] - The net cash outflow from financing activities was CNY 161,123,930.52, compared to a smaller outflow of CNY 54,653,920.83 in the previous year, indicating increased financing pressures[22] - The company reported a total cash outflow of CNY 711,134,256.02 for the quarter, contrasting with a cash inflow of CNY 186,041,703.50 in the same quarter last year[22] Expenses - Operating costs for Q3 2024 were ¥60,497,965.75, an increase of 53.14% year-over-year, primarily due to the growth in technical development service revenue[7] - Research and development expenses increased to CNY 542,264,374.94, up 20.2% from CNY 451,279,498.65 in the same period last year[19] - Sales expenses rose to CNY 139,626,956.61, an increase of 33.7% from CNY 104,459,134.52 in Q3 2023[19] - The company paid CNY 580,680,178.11 to employees, an increase from CNY 445,919,231.39 in the previous year, indicating rising labor costs[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,141, with the top 10 shareholders holding a combined 77.62% of shares[9] - China Electronics Co., Ltd. holds 21.22% of shares, amounting to 115,200,804 shares, making it the largest shareholder[9] - The second-largest shareholder, Beijing Jiuchuang Huixin Asset Management Partnership, holds 17.63% with 95,719,518 shares[9] - The top 10 shareholders account for 77.62% of the total share capital, indicating a concentrated ownership structure[11] Product Development and Innovation - The company has introduced a series of new EDA products in the custom design and wafer manufacturing fields, including the Andes design automation platform and optical proximity effect optimization tools[13] - The Andes-Analog tool provides a full-process automation solution for analog circuit design, significantly reducing the iteration cycle[14] - The Andes-Power tool enhances the efficiency and quality of power management IC design, allowing for automated layout generation[14] - The company launched a new Geometry-Centric process diagnostic analysis platform called Vision, aimed at enhancing semiconductor manufacturing processes[15] - The company is committed to enhancing product quality and efficiency through innovative design tools aimed at the semiconductor industry[14] Other Financial Information - The company recognized government subsidies totaling ¥3,114,049.81 for the current period, contributing to its non-recurring gains[4] - The company experienced a decrease in investment income, reporting a loss of CNY 12,815,035.82 compared to a gain of CNY 3,651,780.22 in the same period last year[19] - Other comprehensive income after tax was CNY -2,378,268.89, compared to CNY 1,590,500.64 in Q3 2023[20] - The company's cash and cash equivalents were ¥2,391,861,584.74, down from ¥3,102,995,840.76, a decline of 22.9%[16] - The company did not undergo an audit for the third quarter report, which may affect investor confidence in the reported figures[23]

Core Viewpoint - The company believes that mergers and acquisitions are essential for EDA companies to grow and strengthen their market position, and it plans to accelerate its full-process layout and core technology breakthroughs through a combination of independent research and development, collaborative development, and mergers and acquisitions [1] Group 1: Company Strategy - The company has acquired and invested in multiple enterprises since its listing [1] - It has established two industry funds in collaboration with professional investment institutions to deepen its investment layout in the EDA field [1] - The company intends to increase its domestic and international investment and acquisition efforts, and will fulfill its information disclosure obligations in accordance with relevant regulations if it meets disclosure standards [1]

证券代码：301269 证券简称：华大九天 公告编号：2024-037 北京华大九天科技股份有限公司 关于与专业投资机构共同投资的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、与专业机构共同投资概述 为满足公司战略发展需要，充分借助专业投资机构的经验和资源，持续深化 公司在 EDA 领域的投资布局，在不影响公司日常经营及发展、有效控制投资风险 的前提下，北京华大九天科技股份有限公司（以下简称"公司"或"华大九天"） 与滁州云集芯企业管理合伙企业(有限合伙)、苏州元禾控股股份有限公司、宁波 泓宁亨泰芯脉企业管理合伙企业（有限合伙）签署了《安徽高新元禾璞华私募股 权投资基金（有限合伙）合伙协议》，共同发起设立安徽高新元禾璞华私募股权 投资基金合伙企业（有限合伙）。该产业基金目标认缴出资额为人民币 25 亿元， 其中公司作为有限合伙人拟以自有资金认缴 1 亿元。 具体内容详见公司于 2024 年 7 月 26 日在巨潮资讯网（http://www.cninfo. com.cn）上披露的《关于与专业投资机构共同投资的公告（二）》。 二、进展情况 （一） ...