Group 1 - The core point of the article is that Huada Jiutian has acquired approximately 7.78% of Sierxin's shares from other shareholders, indicating a strategic investment move [2] - The company is collaborating with multiple platforms, including the Greater Bay Area Fund, to enhance its investment leverage and control over the target enterprise [2]

Core Viewpoint - The article highlights the strategic investment in SiErXin Technology Co., Ltd. by the Greater Bay Area Fund and Huada Jiutian Technology Co., Ltd., aimed at accelerating the development of domestic digital EDA tools and enhancing innovation and ecosystem collaboration in the industry [1][2]. Group 1: Investment and Strategic Collaboration - The joint investment from the Greater Bay Area Fund and Huada Jiutian is intended to deepen industry collaboration and promote the rapid development of domestic digital EDA [1]. - Li Ke, head of the investment department at the Greater Bay Area Fund, praised SiErXin's 21 years of commitment to domestic EDA and its solid technical foundation, product layout, and global customer base [1]. - SiErXin's CEO, Lin Junxiong, views this investment as a significant milestone, providing confidence and motivation to expand market opportunities, particularly in high-end CPU, AI chips, and GPU design markets [1]. Group 2: Company Background and Achievements - SiErXin, established in 2004, is the first domestic digital EDA supplier, covering various tools and services including architecture design, software simulation, hardware simulation, and EDA cloud [2]. - The company has established partnerships with over 600 domestic and international enterprises, serving sectors such as AI, high-performance computing, and 5G communications [2]. - SiErXin has built a global R&D and market service network with branches in cities like Beijing, Shenzhen, and Tokyo, and has received multiple honors, including recognition as a national "little giant" enterprise [2].

Market Overview - The average stock price of A-shares is 13.65 yuan, with 167 stocks priced over 100 yuan, an increase of 11 from the previous trading day [1] - The Shanghai Composite Index closed at 3870.28 points, up 1.19%, while stocks priced over 100 yuan had an average increase of 7.08%, outperforming the index by 5.89 percentage points [1] Performance of High-Value Stocks - The highest closing price among stocks over 100 yuan is Kweichow Moutai at 1433.10 yuan, up 0.78%, followed by Cambrian and C Muxi at 1315.60 yuan and 829.90 yuan respectively [1] - In the past month, stocks priced over 100 yuan have averaged a 7.96% increase, while the Shanghai Composite Index has decreased by 3.01% [2] - Notable performers include Feiwo Technology, Zhenray Technology, and Changguang Huaxin, with increases of 109.92%, 85.35%, and 82.29% respectively [2] Stock Distribution by Industry - Among the high-value stocks, the electronics sector is the most represented with 67 stocks, accounting for 40.12% of the total [2] - The computer industry has 17 stocks, making up 10.18%, while the machinery equipment sector has 15 stocks, representing 8.98% [2] Institutional Ratings - Two stocks, SMIC and BGI Genomics, received buy ratings from institutions, with BGI Genomics being newly covered [3] Notable High-Value Stocks - A detailed list of high-value stocks includes Kweichow Moutai (1433.10 yuan, +0.78%), Cambrian (1315.60 yuan, +3.27%), and C Muxi (829.90 yuan, +692.95%) [3][4] - The trading volume and turnover rates for these stocks vary, with C Muxi showing a turnover rate of 0.85% and a net inflow of 17.86 billion yuan [2][3]

Core Insights - Huada Jiutian maintains the leading market share in the EDA software sector, which is essential for various stages of integrated circuit design and manufacturing [1] - EDA tools are critical components of the integrated circuit industry chain, serving as a strategic foundation [1] - The company's EDA software products and services cover multiple areas, including analog circuit design, memory circuit design, RF circuit design, digital circuit design, flat panel display circuit design, wafer manufacturing, advanced packaging design, and 3DIC design [1] - The analog circuit design EDA tool system is globally leading [1] - As a technology-driven enterprise, the company consistently invests a high proportion of its revenue in R&D [1] - Future plans include increased investment and acquisition efforts [1] - The company is positioned as a leading player in the EDA software market, with significant advantages in market share, technological accumulation, downstream applications, and industry layout [1] - The outlook for the company is positive, with expectations of continued benefits from the rising prosperity of the integrated circuit industry chain, leading to a "buy" rating [1]

Core Viewpoint - The company, Huada Jiutian, has established a partnership to set up a fund aimed at enhancing its investment in the EDA (Electronic Design Automation) sector, which is crucial for its strategic development [1][3][4] Group 1: Investment Details - The total subscribed capital of the newly established Tianjin Zhongwan Xincheng Management Consulting Partnership is 110.01 million yuan, with Huada Jiutian contributing 100 million yuan, holding a 90.9008% partnership share [1] - The fund has completed its business registration and obtained a business license from the Tianjin Binhai High-tech Industrial Development Zone Market Supervision Administration [3] Group 2: Strategic Objectives - The investment aims to meet the company's strategic development needs and deepen its investment layout in the EDA field, while ensuring that it does not affect daily operations [3] - Huada Jiutian has acquired approximately 7.78% of Shanghai Sierxin Technology Co., Ltd., which is expected to create synergies due to Sierxin's established digital simulation verification tools and efficient hardware-assisted verification technology [3] Group 3: Long-term Strategy - The company aims to gradually build a complete independent EDA toolchain that benchmarks against international leading firms through investments, mergers, and self-research [4] - This strategic layout is intended to solidify the company's sustainable development and protect shareholder interests, while also supporting China's integrated circuit industry’s self-sufficiency strategy [4] - The investment in Sierxin marks a significant step in enhancing Huada Jiutian's digital EDA toolchain, particularly in the context of accelerating domestic semiconductor industry localization [4]

Core Insights - The strategic acquisition of Sierxin by Huada Jiutian, in collaboration with the Greater Bay Area Fund, aims to strengthen the domestic EDA industry and address critical technological challenges in chip verification [1][2][3] Group 1: Acquisition Details - The acquisition involves Huada Jiutian, a leading EDA company in China with a market value of approximately 60 billion yuan, and Sierxin, a key player in prototype verification tools [1] - Sierxin is recognized as one of the earliest companies to develop enterprise-level hardware simulation systems and is classified as a national-level "little giant" enterprise [1] Group 2: Strategic Objectives - The collaboration aims to enhance the comprehensive service capabilities in digital chip design and verification, leveraging the strengths of both companies [2] - The Greater Bay Area Fund, along with other stakeholders, will support the growth of the EDA industry by promoting synergy across the supply chain [2] Group 3: Policy and Future Plans - This acquisition aligns with national policies aimed at strengthening the domestic semiconductor industry and addressing "bottleneck" technologies [3] - The Greater Bay Area Fund plans to initiate a series of mergers and acquisitions to build a new digital EDA system in China, enhancing the self-sufficiency of the EDA supply chain [3]

Core Viewpoint - The article discusses the recent investment by Huada Jiutian Technology Co., Ltd. in the EDA (Electronic Design Automation) sector through the establishment of a partnership called Tianjin Zhongwan Xincheng Management Consulting Partnership, which aims to enhance its strategic positioning in the industry [1][4]. Group 1: Investment Details - Huada Jiutian announced a total subscription amount of 110.01 million yuan for the partnership, with the company contributing 100 million yuan, resulting in a 90.9008% partnership share [4]. - The partnership has acquired approximately 7.78% of Sierxin's shares, completing the investment transaction [4][5]. Group 2: Strategic Importance - This investment aligns with Huada Jiutian's strategic development needs, aiming to deepen its investment in the EDA field while effectively controlling investment risks [4]. - The collaboration with Sierxin is expected to complement Huada Jiutian's existing strengths in analog/mixed-signal EDA and wafer manufacturing EDA tools, filling gaps in the digital EDA domain [5]. Group 3: Market and Technological Synergy - Sierxin's customer resources in consumer electronics and automotive electronics will support Huada Jiutian in expanding its market coverage for digital EDA tools [5]. - The partnership is anticipated to accelerate technological iterations through joint research and development, contributing to the construction of a domestic EDA ecosystem [5].

证券代码：301269 证券简称：华大九天 公告编号：2025-077 北京华大九天科技股份有限公司 关于与关联方共同投资暨关联交易的进展公告 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、关联交易概述 为满足公司战略发展需要，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"）与广东横琴粤澳深度合作区中济湾企 业管理有限公司（以下简称"横琴中济湾"）、天津滨海新区创业风险投资引导基 金有限公司（以下简称"引导基金"）共同发起设立天津中湾芯盛管理咨询合伙 企业（有限合伙）（以下简称"中湾芯盛"或"合伙企业"）。中湾芯盛总认缴出 资额 11,001 万元，其中华大九天投资 10,000 万元，投资完成后持有其 90.9008% 的合伙份额。 近日，中湾芯盛已完成相关工商登记手续，取得了天津滨海高新技术产业开 发区市场监督管理局核发的《营业执照》，营业执照信息如下： 企业名称：天津中湾芯盛管理咨询合伙企业（有限合伙） 统一社会信用代码：91120116 ...

Core Insights - The company, Huada Jiutian, has developed the only full-process EDA tool system for RF circuit design in China [2] - The company has filled a gap in the domestic EDA tools market with its advanced packaging design solutions [2] - The company has established a comprehensive digital chip verification and signing solution, covering nearly 80% of the main tools for digital circuit design [2] - The company plans to accelerate the layout of full-process EDA and breakthroughs in core technologies through a combination of independent research and development, collaborative development, and mergers and acquisitions [2] - The company aims to expedite the localization process of EDA tools [2]

Core Insights - The EDA software market is dominated by American companies, which hold 75-80% of the global market share, with Synopsys, Cadence, and Siemens EDA being the key players [3] - In China, these three companies previously captured over 85% of the market, highlighting the heavy reliance on American EDA solutions [3] - Recent geopolitical tensions have prompted a push for domestic alternatives in China, leading to increased collaboration between domestic chip and EDA companies [5] Group 1 - The dependency on EDA software is critical for chip design, manufacturing, and testing, making it an essential component for semiconductor companies [1] - The Chinese market for EDA is experiencing a decline in revenue for American companies, with Synopsys reporting a 22% year-over-year decline when excluding Ansys, and an 18% decline when including it [5] - Domestic EDA companies are gaining traction, with significant advancements in technology and processes, such as Huada Jiutian's development of core EDA tools and solutions [7] Group 2 - By 2024, the domestic EDA adoption rates are projected to exceed 30% for analog chips and 15% for digital chips, indicating a shift towards self-sufficiency [5] - The overall revenue contribution from the Chinese market for American EDA companies is decreasing as local firms reduce their reliance on foreign software [7] - The potential for domestic EDA companies to achieve full self-sufficiency exists, given China's large market size and the ongoing efforts of local firms [9]