Beijing Huada Jiutian Technology Co., Ltd. (hereinafter referred to as "Huada Jiutian") IPO, Company has signed a tutoring agreement with CITIC Securities on January 13 this year.
When it comes to domestic EDA company, Huada Jiutian is an unavoidable name.
Back in the middle and late 1980s, in order to better develop the integrated circuit industry, China began to develop its own integrated circuit computer-aided design system, Panda system, in 1986. And after years of research and development, China's first EDA panda system came out in 1993.
But then the United States quickly lifted the ban on China's EDA, so the "big three" of EDA (the three companies with the largest market share of EDA software,): Synopsys, Cadence and MentorGraphics) entered the Chinese market one after another, and gradually occupied the market share of China's EDA with their price advantages and mature product advantages.
However, the spark of EDA in China continues to start a prairie fire. The predecessor of Nine days of Zhonghua University was the EDA department of Huada Integrated Circuit Design Group, which was also the founder of Panda's domestic EDA software.
It is worth noting that due to the differences in design flow and design methodology between analog circuits and digital circuits, design tools are divided into EDA tools related to analog chip design and EDA tools related to digital chip design. The EDA tools related to analog chip design mainly include: Spice model, transistor simulation, layout drawing, physical verification, parasitic extraction, post-simulation, mask alignment, process simulation, yield analysis and so on.
Huada Jiutian takes analog circuit simulation software as a breakthrough, the company's layout in the field of analog chip design EDA includes: post-simulation, parasitic extraction, physical verification, layout drawing, transistor simulation and so on. A reporter from Science and Technology Innovation Board Daily learned that Huada Jiutian is one of the few companies in the EDA industry that can provide full-process solutions for analog / digital-analog IC design.
In addition, in terms of EDA, Huada Jiutian can also provide digital SoC IC design and optimization solutions, wafer manufacturing EDA tools and flat panel display (FPD) design full-process solutions. Among them, in the field of LCD flat panel display, Huada Jiutian is the only provider in the world that can provide full-flow EDA design solutions.
In terms of ownership structure, Huada Jiutian has received many rounds of financing since 2010, among which in January 2018, the company announced that it had received 100 million yuan in financing, which was led by Shenzhen Guozhong Venture Capital Management Co., Ltd., followed by Shenzhen Venture Capital and China Electronics.
Tianyan check shows that at present, China Electronics Co., Ltd., the largest shareholder of Huada Jiutian, holds 33.45% of the shares. Shareholders who hold more than 10% of the shares also include Beijing Jiuchuang, Shanghai Jianyuan, and the National Integrated Circuit Industry Fund. The corresponding shareholding ratios are 22.04%, 17.42% and 14%, respectively. Among them, Shentong Metro, a listed company, holds a 70% stake in Shanghai Jianyuan, and it indirectly holds a nine-day stake in Huada through Shanghai Jianyuan.
In the rest of the shareholder structure, the SME Development Fund (Shenzhen Limited Partnership) holds 6.01% of the shares, and Shenzhen State Capital holds 3.59% of the shares.
Overall, since its establishment, Huada has experienced many capital increases and shareholder changes over the past nine days, and its registered capital has increased from 40 million yuan at the beginning to 434 million yuan at present (the registered capital changed on December 16, 2020). The major shareholder has also been changed from the former China Huada Integrated Circuit Design Group Youyi Company to China Electronics. If the company finally goes public as desired, it may continue to develop and improve its EDA products.
It is worth noting that as far as the industry is concerned, in addition to Huada nine days, in early February this year, the domestic EDA company Guowei Silxin opened the guidance record in the local securities supervision bureau, and proposed to apply for the record. In addition, Jilun Electronics launched Science and Technology Innovation Board tutoring for the record in January this year; in December last year, Guangliwei also began listing coaching work, and the earlier core vision of the proposed A-share IPO; fired the first shot in the listing of domestic EDA (the listing of the proposed Kechuang board has been terminated).
Unlike a number of EDA companies that chose Science and Technology Innovation Board as their listing place, Huada Jiutian chose to list on the gem, which is also the first company in the domestic EDA industry to go to the gem.
Domestic EDA companies are stepping into an intensive period of preparation for listing. Step Rixin, executive director of Chuangdao Investment Consulting, told Science and Technology Innovation Board Daily that at present, there are so many EDA companies intensive IPO, which is mainly affected by the Kechuang board registration system, as well as the serious "neck" of China's semiconductor industry and other factors, using the power of capital to promote scientific and technological development and innovation.
