Join-Cheer(SZ:002279) Zheng Quan Shi Bao Wang·2025-10-15 03:23Core Insights - The A-share domestic software sector is experiencing significant growth, with companies like Jiuxi Software, Rongji Software, and Geer Software hitting their daily price limits following the release of two domestically developed EDA design software by Qiyunfang, a subsidiary of Xinkailai [2][3][4] - Analysts highlight that the domestic software industry is in a golden period driven by policy support, technological breakthroughs, and market penetration, with substantial potential for domestic substitution across various fields [8][12] Company Developments - Qiyunfang, a subsidiary of Xinkailai, launched two EDA design software products with complete independent intellectual property rights, achieving a 30% improvement in performance compared to industry benchmarks and reducing hardware development cycles by 40% [4][6] - Xinkailai, established in June 2022, is fully owned by Shenzhen Shenchip Heng Technology Investment Co., Ltd., which is in turn wholly controlled by the Shenzhen State-owned Assets Supervision and Administration Commission [5][6] Market Trends - The domestic software market has vast potential for substitution, particularly in industrial software, which is crucial for enhancing the self-controllability and global competitiveness of China's manufacturing sector [8][12] - The rise of the Xinchuang industry presents unprecedented opportunities for the development of domestic operating systems, databases, and other foundational software [8][12] Policy Support - The 2025 Central Economic Work Conference emphasized the issuance of long-term special bonds, focusing on supporting Xinchuang and artificial intelligence sectors [9] - New government procurement requirements mandate that terminal devices' CPUs and operating systems must meet security assessments, accelerating the implementation of domestic solutions in government and industry [10] - The State-owned Assets Supervision and Administration Commission's directive requires state-owned enterprises to achieve 100% domestic substitution by 2027, with key sectors like finance, telecommunications, and education already in the process of replacing core systems [11]