中芯国际看中的半导体公司，完成IPO辅导

Core Viewpoint - The article discusses the recent developments regarding Xinheng Semiconductor Technology (Shanghai) Co., Ltd., including its completion of the IPO counseling report and the implications for its future capital movements in the semiconductor industry [1][6]. Group 1: Company Overview - Xinheng Semiconductor was established in 2010 and specializes in Electronic Design Automation (EDA) software development, providing comprehensive EDA solutions applicable in various fields such as 5G, smartphones, IoT, AI, and data centers [3]. - The company launched the world's first 3DIC Chiplet advanced packaging system design analysis EDA platform in 2021 [3]. - Co-founder and Chairman Ling Feng has over 20 years of experience in the semiconductor industry, having worked with major companies like Motorola and Cadence [3]. - Co-founder Dai Wenliang, who has a strong background in EDA, emphasizes the potential of the EDA market, which is expected to exceed one trillion yuan in the coming years [4]. Group 2: Recent Capital Movements - In early 2025, Xinheng Semiconductor accelerated its capital movements, initiating the A-share IPO process on February 7 and engaging in discussions for asset acquisition with Huada Jiutian, which ultimately fell through [7][8]. - The company reported projected revenues of 106 million yuan and 265 million yuan for 2023 and 2024, respectively, with net profits of -89.93 million yuan and 48.13 million yuan [7]. - The failed acquisition was attributed to disagreements on core terms between the parties involved, but both companies reaffirmed their strategic collaboration [8]. Group 3: Industry Context - The EDA industry is characterized by high market concentration, dominated by three major players: Cadence, Synopsys, and Siemens EDA, which collectively hold over 74% of the global market share [14]. - The domestic EDA market is expected to see an increase in localization, with the domestic EDA market share projected to rise from 11% in 2021 to 19% by 2025, equating to approximately 3.5 billion yuan [15]. - Xinheng Semiconductor focuses on advanced packaging technologies and aims to differentiate itself by embracing AI and transitioning from rule-based to data-driven design methodologies [18].