cryptocurrency as a medium of exchange Overview

Huada Jiutian announced that China Electronics Group, as the controlling shareholder of the company's largest shareholder, had fully communicated and negotiated with other shareholders and directors of the company, and its shareholders, Beijing Jiuchuanghui New Asset Management Partnership (Limited Partnership) and its recommended directors, Yang Xiaodong, and independent directors, Chen Lijie and Zhou Qiang, agreed to support China Electronics Group in obtaining control of the company by transferring the board seats.On the evening of December 9th, Huada Jiutian (301269.SZ), the leader of domestic EDA, announced that China Electronic Information Industry Group Co., Ltd. (hereinafter referred to as "China Electronics Group"), a central enterprise, would become the actual controller of the company, and many investors commented that Huada Jiutian was "officially incorporated". It is worth mentioning that Huada Jiutian and its related subsidiaries were just listed in the latest "entity list" of the US Department of Commerce last week.Huada Jiutian is currently one of the few companies in China that can provide a full-process EDA tool system. According to public information, Huada Jiutian can provide a full-process EDA tool system for analog circuit design, which is also one of the world's leading EDA solutions for analog circuit design. The company aims to realize the construction of full-process tool system for integrated circuits in 2025, and fully realize the full-process coverage of EDA tools in various fields of integrated circuit design and manufacturing in 2030.

China Electronics entered Huada for nine days with a market value of 66 billion yuan, and the domestic EDA leader was "incorporated"For a long time, the EDA market in China has been monopolized by three giants: Cadence, Synopsys and Siemens EDA. According to the report of China Commercial Industry Research Institute, the market share of the top three enterprises exceeds 70%; The market share of Huada Jiutian currently accounts for 5.9%, ranking first in China.

It is worth mentioning that the US Department of Commerce announced the latest "Entity List" on December 2, 2024 local time, and Huada Jiutian and its related subsidiaries were included in the list. In this regard, Huada announced the next day that the company is actively responding to the possible risks of being included in the "entity list". The impact of being included in the entity list by the United States is generally controllable. At present, the company's operation and financial situation are normal, and various businesses are progressing steadily. The company will seize the opportunity of development and accelerate the localization process of EDA tools in the whole process.Huada Jiutian is currently one of the few companies in China that can provide a full-process EDA tool system. According to public information, Huada Jiutian can provide a full-process EDA tool system for analog circuit design, which is also one of the world's leading EDA solutions for analog circuit design. The company aims to realize the construction of full-process tool system for integrated circuits in 2025, and fully realize the full-process coverage of EDA tools in various fields of integrated circuit design and manufacturing in 2030.China Electronic Design Automation (EDA) software industry in-depth analysis and development trend forecast research report released by China Commercial Industry Research Institute shows that the EDA market in China reached 12 billion yuan in 2023, accounting for about 10% of the global EDA market. Analysts of China Commercial Industry Research Institute predict that the EDA market in China will reach 13.59 billion yuan in 2024.