台积电于2月6日正式公布最新EDA联盟名单，该名单共包含12家成员企业。 EDA作为半导体产业"芯片之母"，是先进工艺研发与芯片设计的核心支撑，而台积电EDA联盟更是全球半导体先进工艺生态的关键组成部分，其成员变动 直接反映行业格局调整。 其中，Synopsys（新思科技）、Cadence（楷登电子）、Siemens EDA（西门子EDA）等国际EDA巨头依旧占据主导地位，而Primarius（概伦电子）则是名 单中唯一入选的国产EDA厂商，延续了此前国产厂商"独苗"留守的格局。 图片来源：台积电官网 与上一版本的联盟名单相比，本次更新的核心调整仅有一项：Ansys正式退出联盟成员行列。这一变动的核心原因是Ansys已完成被新思科技收购的流程， 其相关EDA技术与业务能力已全面整合至新思科技体系内，因此不再以独立成员身份出现在名单中，这也意味着新思科技在台积电EDA生态中的话语权 进一步提升。除这一微调外，联盟其余11家成员均保持不变，凸显出台积电EDA生态的稳定性。 整体而言，本次台积电EDA联盟名单的更新，凸显出"高度稳定、动态微调"的整体特征。 当前，国际EDA巨头仍在全球先进EDA领域占据绝对主导地位 ...

Group 1 - The core viewpoint of the article highlights that the EDA (Electronic Design Automation) industry is entering an accelerated development phase, with recent IPOs and mergers becoming more active, leading to increased transaction amounts and a focus on core digital IC design segments [1] - The industry is expected to consolidate into 2 to 3 leading firms that will cover the entire market in the medium to long term [1] - There is a significant opportunity arising from the divergence in domestic manufacturing processes, as domestic wafer fabs are developing new technological paths unsupported by overseas EDA tools, creating a completely independent market space for domestic EDA companies [1] Group 2 - The Guotai Science and Technology Artificial Intelligence ETF (589110) tracks the Science and Technology AI Index (950180), which has a daily price fluctuation limit of 20% and selects 30 large-cap listed companies from the Sci-Tech Innovation Board related to AI resources, technology, and applications [1] - The index's industry allocation is concentrated in cutting-edge technology fields such as electronics and computers, emphasizing high R&D investment and technological innovation capabilities [1]

【申万计算机】EDA月度思考202602：国资再入股概伦！ #国资增持凸显概伦平台地位 去年7月公司首次以协议转让形式引入上海芯合创（背后为上国投等上海国资），上海国资持股5%。 本次入股的上海科创集团为上国投全资子公司，代表双方战略合作的进一步加深。 #再次强调EDA整合平台的巨大潜力 EDA行业并购整合大势所趋，5年内会形成2-3家覆盖全面的全流程巨头。 国有资本在推动EDA整合中起到重要作用，当前大基金三期、国资正开启新一轮布局，#需重视地方EDA整合主体 的发展潜力。 #2概伦发布业绩预告 #1上国投增持概伦5%股份 1月12日，概伦电子发布公告，KLProTech等8个员工持股平台拟通过协议转让方式向上海科创集团转让2176万股股 份，占总股本的5%，转让价格为31.8元/股，对应总价6.92亿元。 #国资增持凸显概伦平台地位 去年7月公司首次以协议转让形式引入上海芯合创（背后为上国投等上海国资），上海国 【申万计算机】EDA月度思考202602：国资再入股概伦！ #1上国投增持概伦5%股份 1月12日，概伦电子发布公告，KLProTech等8个员工持股平台拟通过协议转让方式向上海科创集团转让217 ...

Investment Rating - The report rates the EDA industry as "Overweight," indicating that the industry is expected to outperform the overall market [12]. Core Insights - The EDA industry is entering an accelerated development phase, driven by active IPOs and mergers and acquisitions [5]. - The report highlights two significant events in January 2026: the performance forecast of Gaolun Electronics and the increase in shareholding by state-owned investment [5]. - The long-term outlook for the EDA industry suggests the emergence of 2-3 major players through mergers and acquisitions, with state capital playing a crucial role in this growth [5]. Summary by Sections Key Events - Gaolun Electronics forecasts a revenue of 487 million yuan for 2025, a year-on-year increase of 16.21%, and a net profit of 36 million yuan, marking a turnaround from a loss of 95.97 million yuan in the previous year [5]. - State-owned investment increased its stake in Gaolun Electronics by 5%, highlighting the company's strategic importance in the EDA sector [5]. Industry Trends - The report emphasizes the importance of domestic technology paths in semiconductor manufacturing, which creates independent market opportunities for local EDA companies due to the lack of support from foreign EDA tools [5]. - The report notes that the EDA industry is experiencing a surge in IPO activities, with three new companies entering the IPO process, reflecting the overall growth trend in the sector [5]. - The report stresses the need for EDA companies to possess comprehensive platform capabilities to enhance competitiveness, underscoring the role of EDA firms as integration platforms for local industries [5]. Related Companies - Key companies mentioned include Huada Jiutian, Gaolun Electronics, and Guangli Micro, each with distinct advantages in the EDA market [5].

Investment Rating - The industry investment rating is "Overweight" indicating that the EDA industry is expected to outperform the overall market [13]. Core Insights - The EDA industry is entering an accelerated development phase, driven by active IPOs and mergers and acquisitions [5][3]. - The report highlights two key events in January 2026: the performance forecast of Gaon Electronics and the increase in shareholding by state-owned investment [5]. - Gaon Electronics is projected to achieve a revenue of 487 million yuan in 2025, a year-on-year increase of 16.21%, and is expected to turn a profit with a net profit of 36 million yuan [5]. - The report emphasizes the potential of EDA integration platforms, predicting the emergence of 2-3 comprehensive giants in the next five years, supported by state capital and large funds [5]. - The report identifies three main viewpoints: the opportunities arising from the divergence of domestic process paths, the active IPO and M&A activities, and the importance of industry chain collaboration and policy/capital support [5]. Summary by Sections Key Events - In January 2026, two significant events occurred in the domestic EDA industry: Gaon Electronics' performance forecast and the increase in shareholding by state-owned investment [5]. - Gaon Electronics expects to achieve a revenue of 487 million yuan in 2025, a 16.21% increase year-on-year, and a net profit of 36 million yuan, marking a turnaround from a loss of approximately 95.97 million yuan in the previous year [5]. Industry Trends - The EDA industry is experiencing an acceleration in development, with three new companies entering the IPO process, each positioned in different segments of the industry [5]. - The report notes that recent M&A activities in the EDA sector have seen increasing transaction values, focusing on core areas of digital IC design, indicating a shift towards advanced fields [5]. Investment Opportunities - The report highlights the importance of domestic process divergence, which creates opportunities for local EDA companies due to the lack of support from overseas EDA tools for new domestic technologies [5]. - It emphasizes the necessity for EDA companies to possess comprehensive platform capabilities to enhance competitiveness and the role of EDA listed companies as important integration platforms for local EDA industries [5]. Related Companies - Key companies mentioned include Huada Jiutian, Gaon Electronics, and Guangliwei, each with distinct advantages and growth potential in the EDA sector [5].

资料显示，上海概伦电子股份有限公司位于中国(上海)自由贸易试验区申江路5709号,秋月路26号4幢901 室，成立日期2010年3月18日，上市日期2021年12月28日，公司主营业务涉及向客户提供被全球领先集 成电路设计和制造企业长期广泛验证和使用的EDA产品及解决方案。主营业务收入构成为：EDA工具 授权67.95%，技术开发解决方案21.23%，半导体器件特性测试系统10.63%，其他(补充)0.18%。 从概伦电子十大流通股东角度 2月2日，概伦电子跌5.2%，截至发稿，报36.86元/股，成交1.27亿元，换手率0.78%，总市值160.41亿 元。 数据显示，南方基金旗下1只基金重仓概伦电子。南方科创板3年定开混合（506000）四季度持有股数 286.83万股，占基金净值比例为4.33%，位居第九大重仓股。根据测算，今日浮亏损失约579.41万元。 南方科创板3年定开混合（506000）成立日期2020年7月28日，最新规模23.07亿。今年以来收益 17.23%，同类排名369/9000；近一年收益60.74%，同类排名1266/8193；成立以来收益33.24%。 南方科创板3年定开混合（5 ...

Investment Rating - The investment rating for the company is upgraded to "Buy" from "Hold" [3] Core Insights - The company plans to invest up to 35 million yuan in Jiangyin Qixin Linghang through a newly established partnership, acquiring a 6.48% stake [3] - Jiangyin Qixin Linghang is in its cultivation and development stage, with projected revenues of 51.71 million yuan in 2024 and 29.10 million yuan in the first three quarters of 2025, alongside net losses of 36.03 million yuan and 12.91 million yuan respectively [3] - The investment is expected to benefit from the domestic substitution boom in the EDA industry, where U.S. companies dominate with a combined market share of 74% globally and over 80% in the domestic market [3] - The founding team of Qixin Linghang has over 20 years of experience in EDA, which positions the company well for industrialization in this sector [3] - The partnership is anticipated to create synergies in vocational education within the EDA field, leveraging the company's extensive network and resources in vocational training [3] Financial Summary - Total revenue is projected to grow from 2,213 million yuan in 2023 to 4,931 million yuan in 2027, with a compound annual growth rate (CAGR) of 19.2% [4] - Net profit attributable to the parent company is expected to increase significantly from 154 million yuan in 2023 to 345 million yuan in 2027, reflecting a growth rate of 1035.2% in 2024 [4] - The company's EPS is forecasted to rise from 1.26 yuan in 2023 to 2.83 yuan in 2027, with corresponding P/E ratios decreasing from 31.28 to 13.95 [4]

Investment Rating - The investment rating for Xueda Education (000526) is upgraded to "Buy" from "Hold" [3] Core Insights - The investment in Jiangyin Qixin Linghang is expected to enhance the company's position in the EDA industry, which is experiencing a domestic substitution boom. The investment amount is capped at 35 million yuan for a 6.48% stake [3] - Qixin Linghang's revenue for 2024 and the first three quarters of 2025 is projected at 29.1 million yuan and 51.71 million yuan respectively, with net losses of 1.291 million yuan and 3.603 million yuan [3] - The collaboration between Xueda Education and Qixin Linghang is anticipated to create synergies in vocational education within the EDA field, leveraging Xueda's extensive network and resources [3] Financial Summary - Total revenue is projected to grow from 2,213 million yuan in 2023 to 4,931 million yuan in 2027, with a compound annual growth rate (CAGR) of 19.2% [4] - Net profit attributable to the parent company is expected to increase significantly from 154 million yuan in 2023 to 345 million yuan in 2027, reflecting a growth rate of 1035.2% in 2024 [4] - The earnings per share (EPS) forecast for 2025, 2026, and 2027 is 1.97 yuan, 2.37 yuan, and 2.83 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 20x, 17x, and 14x [4]

Group 1 - The core point of the article is that Gaon Electronics has received a strategic investment from Shanghai Kechuang Group, acquiring 5% of the company's shares for 6.92 billion yuan, which is a significant step in strengthening its collaboration with state-owned enterprises in Shanghai [2][3][4] - The share transfer involves 21.7589 million shares from eight shareholders, with a lock-up period of 18 months, and after the transaction, the total shares held by the transferring parties will decrease to 32.9% of the total share capital [3][4] - Gaon Electronics is currently advancing a merger and acquisition plan to acquire 100% of Ruicheng Chip Micro and 45.64% of Nanneng Micro for a total consideration of 2.174 billion yuan, aiming to transform into a one-stop chip design solution platform [2][6][7] Group 2 - The EDA industry is a strategic foundation for the integrated circuit industry, and Gaon Electronics, as the first EDA listed company in China, is focusing on providing comprehensive EDA solutions [6][7] - In the first three quarters of 2025, Gaon Electronics reported a revenue of 315 million yuan, a year-on-year increase of 12.71%, and a net profit attributable to shareholders of 41.99 million yuan, up 173.46% [6][8] - The company has invested a total of 841 million yuan in R&D expenses over the past four years, indicating a strong commitment to innovation and development in the EDA sector [7]

Core Viewpoint - The EDA industry is an essential part of the semiconductor supply chain, characterized by high barriers to entry and a robust business model, driven by continuous technological advancements and increasing complexity in chip design [1] Industry Overview - The global EDA market has grown from less than $10 billion in 2018 to over $15 billion currently, while the domestic market in China has increased from approximately 5 billion yuan in 2016 to nearly 20 billion yuan by 2025, significantly outpacing global growth [1] - The three main drivers of industry growth are the increasing complexity of chips, advancements in process technology, and the expansion of the custom ASIC market [1] Business Model and Dynamics - The EDA business model primarily relies on licensing, resulting in strong customer loyalty and high switching costs, which contribute to stable profitability and resilience against economic cycles [1] - Domestic EDA companies are focusing on point tool breakthroughs and are accelerating their evolution towards platform integration through mergers and acquisitions, indicating a potential reshaping of the industry landscape [1] Investment Vehicle - The Chip ETF (512760) tracks the China Semiconductor Index (990001), which focuses on the semiconductor industry within the A-share market, covering all segments from materials and equipment design to manufacturing, packaging, and testing [1]