After the opening, it rose 130%!Fudan runs a super IPO, and the market value of Huada Nine days is 40 billion yuan

Today, Fudan alumni created a super semiconductor IPO.

Investment industry-Daily IPO news, today (July 28), the domestic EDA leading company, Huada Nine Days officially listed on the GEM. 40 billion yuan.

As the helm of the nine days of Huada, Liu Weiping graduated from Fudan University's microelectronics major and is a witness to the development of the Chinese EDA industry. In 2009, Liu Weiping founded the nine days of Huada and entered the EDA track, known as the "mother of the chip", and then broke the monopoly of foreign companies in the EDA field in one fell swoop. After 13 years, Huada nine days gathered a luxurious investor team, and there are many well -known investment institutions such as the National Integrated Circuit Industry Investment Fund, Judge Capital, Shenzhen Venture Capital, and Yuanhe Puhua.

Interestingly, Fudan University, which seems to be more advantageous in the liberal arts, has transported a large number of outstanding entrepreneurs to the Chinese semiconductor circle -in addition to Liu Weiping, chairman of Huada Nine -day, as well as the chairman of Fudan Microelectronics Jiang Guoxing, General Manager Shi Lei, and General Manager Shi Lei, Shi Lei, and General Manager Shi Lei, Shi Lei, and General Manager Shi Lei, and Shi Lei, general manager, Zhang Yundong, co -founder and Zhongxing Micro Group CTO, Ruan Chenjie, the founder of Nanxin Technology, Zeng Keqiang, Chairman and joint CEO of Xin Yaohui ... This list is still very long. Many Fudan students walked out of the campus and became the mainstay of China's core forces in the future.

55 -year -old Student Student, burying his head for 12 years

Create a rare chip IPO

This is a very hidden semiconductor company.

Time goes back to the 1980s. In 1983, the Wuxi Microelectronics Project was approved to build a 3 micron MOS production line. At the same time, it hoped that the partner would provide a CAD (computer -aided design) system to help my country establish an integrated circuit design center.

However, the "Palestin" (Paris Coordinating Committee) has been embargoing measures against China, which has caused my country to be unable to introduce the CAD system. In 1989, in order to break the blockade of the integrated circuit industry, 17 units, more than 200 experts, scholars, and students gathered at the former Beijing Integrated Circuit Design Center to jointly develop my country's first complete integrated circuit computer -aided design system -Panda system. Liu Weiping also participated in it. At that time, he was also a master's degree in Microelectronics at Fudan University.

Liu Weiping once recalled: "Many people have left their wife and children to Beijing, and it is a year or two. I don't care, a little guy." One year later, Liu Weiping, who graduated from Fudan University, continued to work in Beijing to continue engaged in project research, and and also It is mainly responsible for the development of EDA tools in the entire panda system.

After two years of joint research, the Panda system was officially released in 1990, but this product was unable to use it. Affected by this, the team members began to leave one after another. By the end of the year, only a dozen people left to continue to do product development. Liu Weiping was one of them.

Hard work pays off. In 1992, the practical version of the Panda system was finally available, and Liu Weiping also ushered in the turning point of life -at the age of 26, he was appointed as the vice president of Beijing Integrated Circuit Design Center and China Huada Integrated Circuit Design Group Co., Ltd. Since then, Liu Weiping has tied up with the EDA industry.

In 2002, Huada Electronics was officially independent from China Huada, and Liu Weiping served as the general manager of Beijing CLP Huada Electronics Design Co., Ltd. Subsequently, Liu Weiping considered independent EDA business. In his opinion, the independent company's autonomy will increase a lot, more concentrated, more professional in business, and management in management. So in 2009, Liu Weiping led the former Huada Electronics EDA business department to formally established the Nine Days of Huada.

As the upstream basic tool in the field of integrated circuit, EDA is equivalent to the "brush" in the industrial chain, which is pivotal in the semiconductor value chain. According to the data of the Sidi think tank, the global market size of the EDA industry in 2020 exceeded US $ 7 billion, but supported hundreds of trillion -scale digital economy.

However, for a long time, the domestic EDA market has been monopolized by the three global giants Shinse Technology, Kaiden Electronics and Siemens. In 2020, about 80%of the share market has been occupied by the above three. In this environment where the giant is strictly guarded, Huada Nine days relying on the full -process EDA tool system in the field of simulation circuit design and flat -screen display circuit design, it has made a breakthrough in local EDA market. Locate the first local EDA company.

The prospectus shows that from 2019 to 2021, Huada achieved revenue of 257 million yuan, 415 million yuan, and 579 million yuan from 2019; net profit of the same period was 57.16 million yuan, 104 million yuan, and 140 million yuan, respectively. At the same time, the company is expected to revenue in the first half of 2022, with a approximately 263 million yuan and a net profit of about 40 million yuan.

Among them, EDA software sales supported half of the nine -day revenue of Huada, and each period of the reporting period accounted for more than 80 %. At the same time, Nine Days of Huada have also won customers such as SMIC, Shanghai Huahong, BOE, Huike, Zhaoxin, TCL and other well -known integrated circuit design companies, and wafer manufacturing companies.

Today, after 13 years of wind and rain, Huada finally appeared on the IPO knock on the bell stage. In this IPO, Huada intends to raise 3.55 billion yuan in nine days, which will be mainly used to overcome the weakest link of itself -digital circuit design. In fact, digital road design is also the "short board" of my country's local EDA industry. With the launch of the GEM of the Nine Days of Washinga, it may be able to bring a new round of changes to the local EDA industry and accelerate domestic replacement. As Liu Weiping said, "In the future, Huada Jiu Tian will conform to the development trend of the EDA industry on the basis of ensuring its stable development, continue to maintain the development of innovation and development, and create a complete EDA product system through technology and product innovation, to be our country for our country The continuous and healthy development of the integrated circuit industry provides support and guarantee, and is committed to becoming the world's top EDA provider. "

VC/PE gathered, RMB Fund becomes the main force

Exclusive about the investment story behind

Behind Huada nine days, a luxurious investor team quietly assembled.

According to incomplete statistics from the investment community, since its establishment in 2009, Huada has received a total of 4 rounds of financing. ") The well -known VC/PE of the middle school capital, Shenzhen Venture Capital, Yuanhe Huahua.

Among them, Huada Nine Days completed over 100 million yuan in financing in January 2018. It was led by the Capital of the middle school, and Shenzhen Venture Capital and China Electronics followed up. Shi Anping, the chief partner and chairman of the middle school capital, recalled that when he invested in the nine days of Huada, the company was still small, and many investment institutions failed to integrate funds. In Shi Anping's opinion at the time, the nine days of Huada were a piece of jade that needed to be carved.

When Shi Anping visited Huada for the first time, he realized that this was a team with a solid theoretical and practical experience. Chairman Liu Weiping graduated from Fudan University's microelectronics major. He has participated in national scientific research projects many times. He has deep theoretical technologies and experience in the development of the front -line industry, which is very rare. "President Weiping's sincerity and rigor moved us." What impressed Shi Anping was that he remembered that Liu Weiping was frankly told the middle school capital team that there were not many customers who were willing to try the company's products.

At that time, some colleagues heard that the junior high school was going to vote for the nine days, which was not optimistic. The reason was very simple -this is equivalent to the competitive products of the three major EDA giants overseas. Pirate software, "they advised me to say that investment in China was equivalent to investing in the Chinese version of the Windows operating system, which is not worth it."

But Shi Anping completely disagreed at this view. "The Chinese do not have their own EDA in their hands. This is unimaginable. Once others do not sell 'brushes' for you, it is difficult to show it in the mind. Go. "Therefore, the middle school capital decided to take out tens of millions of yuan in strategic led China’ s Nine days. Since then, with the changes in the international environment and the development trend of the independent and controllable core technology in my country, Huada has ushered in a counterattack in the nine days, and the capital of the middle school has continued to increase in the process, and has invested three rounds of continuous investment.

Immediately after September 2018, Huada completed a new round of financing again in nine days -led by the Great Fund, China Electronics, Yuanhe Puhua, Shenzhen Venture Capital, and Capital Capital. It is worth mentioning that the nine days of investing in Washinga are the first time that the Great Fund has shot the domestic EDA enterprises.

As the most important investment institution of the national integrated circuit industry, the large fund is committed to creating a local integrated circuit's entire industry chain. According to past investment strategies, companies participating in investment are all strategic core companies in the national integrated circuit industry, which also highlights the strategic position of Huada Jiu Tian in the semiconductor industry chain.

Yuanhe Puhua has also fully recognized the Nine -day team of China from the beginning of investment. Because EDA is very important in the field of integrated circuits, Yuanhe Puhua has been paying attention to this track for a long time to find high -quality investment targets. Until 2018, the rapid development of Huada nine days entered the vision of Yuanhe Huahua.

Chen Datong, the executive partner of Yuanhe Puhua and chairman of the investment committee, told the investment community that at that time, the business model of Huada Jiu Tian was relatively mature. By. Not only that, Liu Weiping, the founder of Huada Nine -day, has worked hard in the EDA field for decades, and the technical and experience accumulated is very rich. Therefore, he judged that Huada's nine days will definitely be the company that rushed out, so he decisively shot the round B financing to Huada Nine Days.

Not only that, the Shentong Metro also indirectly holds the shares of the Nine Days of China from Shanghai Jianyuan, and even was even included in the "domestic EDA leader-Huada Nine Day" concept stocks. From the beginning of the day, the daily limit board has proved from the side to the hotness of Huada Nine days as a local EDA leading enterprise.

Fudan University, get out of a semiconductor sky group

Through the Nine Days of Huada, we accidentally saw that Fudan students formed a semiconductor entrepreneurial army.

Looking at the semiconductor circle, it is known as "Beiqinghua, Nanfan,", and Fudan University has a deep discipline accumulation in the chip field. As early as 1958, Professor Xie Xide, who was respected as the "Mother of China Semiconductor", founded the semiconductor physics major at Fudan University and laid the solid foundation of the Fudan Microelectronics Discipline. Since its establishment, Fudan University has been in a leading position in my country's microelectronics and chips.

At present, Fudan University has formed a complete chip semiconductor discipline layout. The five direct -affiliated departments have set up chip semiconductor -related courses. In addition, they have a chip semiconductor -related national key laboratories and national manufacturing innovation centers. Therefore, in Hao Hao Tang's core army, we see a figure of a Fudan student. Among many cases, Fudan Microelectronics is undoubtedly the most representative. In July 1998, Fudan University's "National Key Laboratory of Special Integrated Circuits and Systems", Shanghai Commercial Investment Corporation and a group of Fudan students who created "China Cores" have made more than 6 million yuan and established Chinese chip design. The industry's first initiative company -Fudan Microelectronics. In a small 50 -square -meter room in Fudan University, they started the design of the first chip.

In 2000, Fudan Microelectronics was listed on the GEM of Hong Kong, becoming the first domestic integrated circuit company listed on GEM Hong Kong, and the earliest listed company in the domestic integrated circuit design industry. In the following ten years, Fudan Microelectronics has gradually formed four mature product lines: security and identification, smart meter, non -volatile memory, and smart electrical appliances, and successfully landed in the science and technology board in 2021. The latest market value exceeds 47 billion.

At present, Jiang Guoxing, the current chairman of Fudan Microelectronics, graduated from Fudan to calculate mathematics; the company's executive director and general manager Shi Lei is a master's degree in management science in management science; The executives have the same alma mater, Fudan University.

Also in 2000, Zhang Yundong, who had obtained a master's degree in Microelectronics at Fudan University as a co -founder, joined Zhongxing Microelectronics and developed with the founder Deng Zhonghan. China's first independent intellectual property rights, millions of gate -level oversized large -level The scale digital multimedia chip "Starlight One" completely end the history of "China -free". In 2005, Middle Star Micro, which was established for only six years, was successfully listed on Nasdaq in the United States, becoming the first chip design company listed here in China.

Another Nanxin Technology founded by another Fudan alumni Ruan Chenjie also wants an IPO. As the head of Nanxin Technology, Ruan Chenjie graduated from Fudan University's microelectronics major, and his master Professor Li Wenhong. After graduating, he entered the simulation IC industry and worked in Lizhen Technology and TI. In 2015, Ruan Chenjie realized that the demand and product gap in the domestic lifting power management chip market, and resolutely left Texas instruments and founded Nanxin Technology of the battery management chip company in Shanghai.

In the 7 years, Nanxin Technology has completed eight rounds of financing. The investor lineups include Sequoia China, Yuanhe Puhua, Shunwei Capital, Chenhui Venture Capital, Guojiahe, SMIC, and China. Investment institutions, as well as a group of industrial capital such as Xiaomi, Anke Innovation, OPPO Communications, Xiaomi, Intel, as well as the Shanghai Integrated Circuit Industry Fund, Science and Technology Investment Group, Zhang Jiang Haoyu and other state -owned background investors. Today, the latest status of Nanxin Science and Technology Creation Board IPO is "Inquiry". Once successful, the post -80s student Ruan Chenjie will be expected to harvest the first IPO of life.

As we see, there are a group of Fudan students who are active on the stage of semiconductor entrepreneurship. For example, the chip IP company Xin Yaohui, which was established in Zhuhai in 2020, and his chairman and joint CEO Zeng Keqiang graduated from Fudan University Electronic Engineering in 2004. The company has received a total of nearly 1 billion yuan in financing within less than a year. Investment, Da Hengqin Group, Jingwei China, Lanzhang Venture Capital, the University of Macau Development Foundation, and the Macau University of Science and Technology Foundation and many other well -known investment institutions.

In addition, Zhang Yalin, COO of Takihara Technology, Cao Rongzhi, founder of Hongzhi Technology, a leading software company, Wang Qingyu, CEO of Xin Ao Technology, and Executive Vice President of Shanghai Silicon Industry Group, Shi Lei, CEO of Tongfu Microelectronics Wu Xinyu, the co -founder and CEO of Yun Technology, Wu Zhongjie, the founder of smart microelectronics ... This entrepreneur and chip company executives are from Fudan University.

As a chip investor said, as the entrepreneurial threshold rises, the contest between entrepreneurs has gradually evolved into a competition between schools. When the Tsinghua alumni dominate the chip circle, more Fudan entrepreneurs are waiting for the surface. Fudan is becoming another super powerful legion in China ’s venture capital circle.

- END -