华大九天再现大股东减持，九创汇新或套现超16亿元

Core Viewpoint - The stock price of Huada Jiutian, a leading company in the EDA (Electronic Design Automation) industry, has declined over 10% in the past five trading days, closing at 113.1 yuan per share on September 8, 2023, amid shareholder transfer announcements and performance concerns [1][2]. Company Summary - Huada Jiutian's major shareholder, Beijing Jiuchuang Huixin Asset Management Partnership, plans to transfer 14.35 million shares, representing 2.64% of the total share capital, due to funding needs, with a value exceeding 1.6 billion yuan based on the closing price [1]. - As of the announcement date, Jiuchuang Huixin holds 95.72 million shares, accounting for 17.63% of the total share capital, making it the second-largest shareholder [1]. - The company had previously announced that approximately 281 million restricted shares would be unlocked and become tradable on July 29, 2023, which represents 51.69% of the total share capital [1]. Industry Context - Huada Jiutian, established in 2009, is the only EDA company in China that covers the entire process of analog circuit design, holding a market share of about 6% and ranking first among domestic EDA companies [2]. - EDA is crucial for the design of integrated circuits, representing the upstream and high-end segment of the semiconductor industry, which is a critical area for China's chip sector [2]. Financial Performance - In the mid-2025 financial report, Huada Jiutian reported revenue of 502 million yuan, a year-on-year increase of 13.01%, but a significant decline in net profit by 91.9% to 3.07 million yuan [3]. - The company experienced a situation of revenue growth without profit increase in 2024, with revenue of 1.22 billion yuan, a year-on-year growth of 20.98%, but a net profit decline of 45.46% to 109 million yuan, resulting in a net loss of 57.07 million yuan after adjustments [3]. - A significant factor impacting profitability was the 104 million yuan share-based payment expense related to the restricted stock incentive plan launched in 2023, which is being amortized in 2025 [3].