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vf_react/public/htmls/EDA.html
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<!DOCTYPE html>
<html lang="zh-CN" data-theme="night">
<head>
<meta charset="UTF-8">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>EDA (电子设计自动化) 概念深度投研报告</title>
<!-- Tailwind CSS & DaisyUI -->
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<script src="https://unpkg.com/@phosphor-icons/web"></script>
<style>
@import url('https://fonts.googleapis.com/css2?family=Lexend:wght@300;400;500;600;700&display=swap');
body {
font-family: 'Lexend', 'Noto Sans SC', sans-serif;
background-color: #020617; /* slate-950 */
background-image:
radial-gradient(circle at 15% 50%, rgba(124, 58, 237, 0.1), transparent 40%),
radial-gradient(circle at 85% 30%, rgba(37, 99, 235, 0.1), transparent 40%),
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color: #e2e8f0; /* slate-200 */
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.glass-card {
background: rgba(15, 23, 42, 0.4); /* slate-900 with opacity */
backdrop-filter: blur(24px) saturate(150%);
-webkit-backdrop-filter: blur(24px) saturate(150%);
border: 1px solid rgba(255, 255, 255, 0.08);
border-radius: 2rem; /* 32px */
box-shadow: 0 20px 30px rgba(0,0,0,0.2);
}
.bento-grid {
display: grid;
gap: 1.5rem;
grid-template-columns: repeat(12, 1fr);
}
.bento-item {
transition: all 0.3s ease-in-out;
}
.section-title {
display: flex;
align-items: center;
gap: 0.75rem;
font-size: 1.5rem; /* 24px */
font-weight: 600;
color: #f8fafc; /* slate-50 */
margin-bottom: 1.5rem;
padding-bottom: 0.75rem;
border-bottom: 1px solid rgba(255, 255, 255, 0.1);
}
.section-title i {
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}
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}
.table tbody tr:last-child td {
border-bottom: none;
}
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display: inline-block;
padding: 0.25rem 0.75rem;
border-radius: 9999px;
font-size: 0.75rem;
font-weight: 500;
white-space: nowrap;
}
.timeline {
position: relative;
padding-left: 2.5rem;
}
.timeline::before {
content: '';
position: absolute;
left: 0.5rem;
top: 0;
bottom: 0;
width: 2px;
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position: relative;
margin-bottom: 2rem;
}
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position: absolute;
left: -2.5rem;
top: 0.25rem;
width: 1rem;
height: 1rem;
border-radius: 50%;
background-color: #3b82f6; /* blue-600 */
border: 3px solid #0f172a; /* slate-900 */
}
</style>
</head>
<body class="min-h-screen p-4 sm:p-8">
<div class="max-w-screen-2xl mx-auto">
<!-- Header -->
<header class="text-center mb-12">
<h1 class="text-4xl sm:text-6xl font-bold tracking-tighter bg-clip-text text-transparent bg-gradient-to-br from-slate-50 to-slate-400 py-2">
EDA (电子设计自动化)
</h1>
<p class="text-lg sm:text-xl text-slate-400 mt-4 max-w-4xl mx-auto">
地缘政治催生的国家级战略安全需求,由“点工具突破”向“全流程整合”的关键过渡期
</p>
<div class="text-xs text-slate-500 mt-4">
北京价值前沿科技有限公司 AI投研agent“价小前投研” 进行投研呈现本报告为AI合成数据投资需谨慎。
</div>
</header>
<!-- Main Content Grid -->
<main class="bento-grid">
<!-- Insight: Core Viewpoint & Events -->
<section class="bento-item glass-card p-8 col-span-12 lg:col-span-7">
<h2 class="section-title"><i class="ph-bold ph-shooting-star"></i>核心观点与概念事件</h2>
<div class="space-y-6 text-slate-300">
<div>
<h3 class="font-semibold text-lg text-slate-100 mb-2">核心观点摘要</h3>
<p>EDA概念的核心驱动力已从单纯的产业升级需求质变为由地缘政治催生的<strong class="text-violet-400">国家级战略安全需求</strong>。当前,行业正处于由“点工具突破”向“全流程整合”过渡的关键阶段,美国持续升级的封锁为国产厂商创造了前所未有的<strong class="text-blue-400">“真空市场”</strong>和验证机会。未来2-3年国产EDA能否在<strong class="text-emerald-400">14nm</strong>数字电路设计领域实现真正可用的全流程闭环,将是决定其能否从主题炒作迈向基本面驱动的关键分水岭。</p>
</div>
<div>
<h3 class="font-semibold text-lg text-slate-100 mb-4">核心催化事件轴</h3>
<div class="timeline">
<div class="timeline-item">
<div class="timeline-dot"></div>
<h4 class="font-semibold text-base text-slate-200">2018-2022年制裁升级国产替代启动</h4>
<p class="text-sm text-slate-400">华为被列入实体清单GAAFET架构≤3nmEDA工具出口受限产业警钟敲响制裁从企业级上升到技术节点封锁。</p>
</div>
<div class="timeline-item">
<div class="timeline-dot"></div>
<h4 class="font-semibold text-base text-slate-200">2023-2025年初制裁深化紧迫性空前</h4>
<p class="text-sm text-slate-400">华为宣布基本实现14nm以上EDA工具国产化国内龙头通过“自研+并购”加速布局;美国“全面断供”传闻将国产替代紧迫性推向顶峰。</p>
</div>
<div class="timeline-item">
<div class="timeline-dot"></div>
<h4 class="font-semibold text-base text-slate-200">未来预期:政策摇摆与国产突破</h4>
<p class="text-sm text-slate-400">华大九天等龙头企业新产品发布与全流程拉通预计25-26年成为关键验证节点同时美国政策摇摆传闻取消部分限制带来重大不确定性。</p>
</div>
</div>
</div>
</div>
</section>
<!-- Market Landscape -->
<section class="bento-item glass-card p-8 col-span-12 lg:col-span-5">
<h2 class="section-title"><i class="ph-bold ph-globe-hemisphere-west"></i>市场格局</h2>
<div class="space-y-4">
<div class="stats stats-vertical lg:stats-horizontal shadow bg-slate-900/50 w-full">
<div class="stat">
<div class="stat-title text-slate-400">全球EDA市场规模 (2023)</div>
<div class="stat-value text-2xl highlight-text">145.3亿</div>
<div class="stat-desc text-slate-400">美元CAGR 7.53%</div>
</div>
<div class="stat">
<div class="stat-title text-slate-400">国内EDA市场规模 (2024)</div>
<div class="stat-value text-2xl highlight-text">~140亿</div>
<div class="stat-desc text-slate-400">人民币, 预计CAGR 36%</div>
</div>
</div>
<div id="global-market-chart" class="w-full h-52"></div>
<div id="china-market-chart" class="w-full h-52"></div>
</div>
</section>
<!-- Core Logic & Market Perception -->
<section class="bento-item glass-card p-8 col-span-12">
<h2 class="section-title"><i class="ph-bold ph-brain"></i>核心逻辑与市场认知分析</h2>
<div x-data="{ tab: 'drivers' }" class="text-slate-300">
<div class="tabs tabs-boxed bg-slate-900/50 mb-6">
<a class="tab" :class="{'tab-active': tab === 'drivers'}" @click.prevent="tab = 'drivers'">核心驱动力</a>
<a class="tab" :class="{'tab-active': tab === 'sentiment'}" @click.prevent="tab = 'sentiment'">市场热度与情绪</a>
<a class="tab" :class="{'tab-active': tab === 'gaps'}" @click.prevent="tab = 'gaps'">预期差分析</a>
</div>
<div x-show="tab === 'drivers'" class="space-y-4">
<div class="p-4 border border-slate-700 rounded-2xl">
<h4 class="font-semibold text-slate-100">1. 外部驱动:政策强制替代 (最强驱动力)</h4>
<p class="text-sm">美国阶梯式升级的制裁强行切断了国内芯片设计公司依赖海外工具的路径使国产EDA采购从“商业选项”变为<strong class="text-rose-400">“生存必选项”</strong>。华为等头部企业2025年100%国产化目标提供了确定性增量市场。</p>
</div>
<div class="p-4 border border-slate-700 rounded-2xl">
<h4 class="font-semibold text-slate-100">2. 内部驱动:技术演进需求</h4>
<p class="text-sm">后摩尔时代Chiplet、3D IC、AI芯片等新架构对系统级仿真、多物理场分析提出新需求为国产厂商提供了在新兴领域<strong class="text-sky-400">“换道超车”</strong>的机会。</p>
</div>
<div class="p-4 border border-slate-700 rounded-2xl">
<h4 class="font-semibold text-slate-100">3. 经济驱动:正版化与市场增长</h4>
<p class="text-sm">国内半导体市场高速增长预计增速20%叠加EDA正版化趋势市场规模有望从140亿2024年增至354亿2027年CAGR高达<strong class="text-emerald-400">36%</strong>,为国产厂商提供肥沃成长土壤。</p>
</div>
</div>
<div x-show="tab === 'sentiment'" class="space-y-4">
<p>市场情绪呈现典型的<strong class="highlight-text">“宏观乐观”与“微观焦虑”</strong>并存特征:</p>
<ul class="list-disc list-inside space-y-2">
<li><strong class="text-green-400">宏观乐观:</strong> 每当美国制裁加码资本市场均以EDA概念股大涨回应反映了对“国产替代”宏大叙事的坚定看好。</li>
<li><strong class="text-amber-400">微观焦虑:</strong> 在路演等深度交流中市场对技术细节的担忧浮现如全流程工具的稳定性、效率以及与Foundry厂的协同深度等问题存在疑虑。</li>
</ul>
</div>
<div x-show="tab === 'gaps'" class="space-y-4">
<div class="alert bg-slate-800 border border-amber-500/50 text-amber-300 rounded-2xl">
<i class="ph-bold ph-warning text-2xl"></i>
<div>
<h3 class="font-bold">技术瓶颈的认知深度差</h3>
<div class="text-xs">市场普遍认知国产EDA在快速追赶但潜在预期差在于<strong class="text-amber-200">先进制程PDK工艺设计套件的缺失</strong>。若无法获得台积电、三星等≤7nm节点的PDK国产EDA工具就无法在先进制程上完成设计收敛这是最容易被忽略的“阿喀琉斯之踵”。</div>
</div>
</div>
<div class="alert bg-slate-800 border border-sky-500/50 text-sky-300 rounded-2xl">
<i class="ph-bold ph-info text-2xl"></i>
<div>
<h3 class="font-bold">对“全流程”定义的预期差</h3>
<div class="text-xs">市场期待华大九天2025-26年实现“全流程”并等同于全面替代。但路演信息澄清初步目标是<strong class="text-sky-200">14nm及以上成熟工艺</strong>的拉通,且初期可能需要多家国产工具“拼凑”,效率和稳定性与海外一体化方案仍有差距。</div>
</div>
</div>
</div>
</div>
</section>
<!-- Catalysts and Roadmap -->
<section class="bento-item glass-card p-8 col-span-12 lg:col-span-6">
<h2 class="section-title"><i class="ph-bold ph-rocket-launch"></i>关键催化剂与发展路径</h2>
<div class="space-y-6 text-slate-300">
<div>
<h3 class="font-semibold text-lg text-slate-100 mb-2">近期催化剂 (未来3-6个月)</h3>
<ul class="list-disc list-inside space-y-2 text-sm">
<li><strong class="text-violet-400">政策与制裁变化:</strong> 美国对华EDA政策任何新动向将直接刺激市场情绪。</li>
<li><strong class="text-blue-400">标志性产品发布:</strong> 华大九天10月24日用户大会及新产品发布关注其数字后端工具突破。</li>
<li><strong class="text-emerald-400">关键客户验证:</strong> 国产EDA核心产品获得顶级客户如传闻中广立微获H订单认可的强力信号。</li>
<li><strong class="text-amber-400">产业并购整合:</strong> 龙头公司完成收购,体现平台化战略执行力。</li>
</ul>
</div>
<div>
<h3 class="font-semibold text-lg text-slate-100 mb-2">长期发展路径</h3>
<ol class="list-decimal list-inside space-y-3 text-sm">
<li><strong class="text-slate-100">第一阶段 (当前-2026年): 成熟工艺全流程替代</strong>
<p class="pl-4 text-slate-400">核心目标是实现14nm工艺节点的数字电路设计全流程工具链的“可用”和“好用”。</p>
</li>
<li><strong class="text-slate-100">第二阶段 (2027-2030年): 向先进工艺渗透与生态构建</strong>
<p class="pl-4 text-slate-400">在解决PDK协同问题基础上向7nm等渗透并构建“设计-制造协同优化”DTCO生态闭环。</p>
</li>
<li><strong class="text-slate-100">第三阶段 (长期): 新兴领域并行发展</strong>
<p class="pl-4 text-slate-400">在AI+EDA、Chiplet系统级设计等领域与国际巨头展开同步竞争。</p>
</li>
</ol>
</div>
</div>
</section>
<!-- Risks and Challenges -->
<section class="bento-item glass-card p-8 col-span-12 lg:col-span-6">
<h2 class="section-title"><i class="ph-bold ph-skull"></i>潜在风险与挑战</h2>
<div x-data="{ open: 'tech' }">
<div class="join join-vertical w-full text-slate-300">
<div class="collapse collapse-arrow join-item border border-slate-700" :class="{ 'collapse-open': open === 'tech', 'collapse-close': open !== 'tech' }" @click="open = open === 'tech' ? null : 'tech'">
<div class="collapse-title text-lg font-medium text-rose-400">技术风险</div>
<div class="collapse-content">
<ul class="list-disc list-inside space-y-2 text-sm">
<li><strong class="text-rose-300">核心瓶颈:</strong> 无法获取≤7nm先进工艺的PDK是国产EDA面临的最大技术障碍。</li>
<li><strong class="text-rose-300">人才短缺:</strong> 培养一名核心研发人才需约10年高端人才缺口巨大。</li>
<li><strong class="text-rose-300">算法差距:</strong> 数字电路后端的布局布线等核心算法,短期内难以追平海外巨头。</li>
</ul>
</div>
</div>
<div class="collapse collapse-arrow join-item border border-slate-700" :class="{ 'collapse-open': open === 'biz', 'collapse-close': open !== 'biz' }" @click="open = open === 'biz' ? null : 'biz'">
<div class="collapse-title text-lg font-medium text-amber-400">商业化风险</div>
<div class="collapse-content">
<ul class="list-disc list-inside space-y-2 text-sm">
<li><strong class="text-amber-300">高昂的转换成本:</strong> 更换EDA工具链面临流片失败的巨大风险先进制程一次流片成本数亿美元客户迁移过程漫长谨慎。</li>
<li><strong class="text-amber-300">生态壁垒:</strong> 海外巨头与IP供应商、Foundry厂形成了数十年稳固的“铁三角”生态国产EDA需从零构建。</li>
</ul>
</div>
</div>
<div class="collapse collapse-arrow join-item border border-slate-700" :class="{ 'collapse-open': open === 'policy', 'collapse-close': open !== 'policy' }" @click="open = open === 'policy' ? null : 'policy'">
<div class="collapse-title text-lg font-medium text-sky-400">政策与信息交叉验证风险</div>
<div class="collapse-content">
<p class="text-sm mb-2"><strong class="text-sky-300">国内无序竞争:</strong> 超100家EDA企业90%为点工具厂商)同质化竞争可能导致资源分散。</p>
<div class="alert bg-red-900/50 border border-red-500/50 text-red-200 rounded-2xl">
<i class="ph-bold ph-warning-octagon text-2xl"></i>
<div>
<h3 class="font-bold">重大矛盾信息点</h3>
<div class="text-xs">
多份研报(2025年5月底)指美国正全面收紧甚至断供EDA而另一则新闻(2025年7月初)却称<strong class="text-red-100">美国已取消限制</strong>。这种180度的政策反转信息表明市场信息极度混乱政策走向存在巨大不确定性是当前最大的风险点。
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</section>
<!-- Rise Analysis -->
<section class="bento-item glass-card p-8 col-span-12">
<h2 class="section-title"><i class="ph-bold ph-chart-line-up"></i>涨幅异动分析</h2>
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-4">
<!-- Data will be dynamically inserted here -->
<div class="p-4 border border-slate-700 rounded-2xl bg-slate-900/30">
<div class="flex justify-between items-center mb-2">
<span class="font-bold text-lg text-slate-100">好上好 (001298)</span>
<span class="font-semibold text-green-400">+10.01%</span>
</div>
<p class="text-xs text-slate-400">2025-07-03</p>
<p class="text-sm mt-2 text-slate-300"><strong>核心结论:</strong> 美国EDA禁令解除叠加存储芯片现货跳涨分销龙头直接受益。驱动概念<span class="tag-pill bg-blue-500/20 text-blue-300">存储芯片</span> <span class="tag-pill bg-purple-500/20 text-purple-300">EDA解除</span></p>
</div>
<div class="p-4 border border-slate-700 rounded-2xl bg-slate-900/30">
<div class="flex justify-between items-center mb-2">
<span class="font-bold text-lg text-slate-100">诚邦股份 (603316)</span>
<span class="font-semibold text-green-400">+10.02%</span>
</div>
<p class="text-xs text-slate-400">2025-07-03</p>
<p class="text-sm mt-2 text-slate-300"><strong>核心结论:</strong> EDA禁令解除叠加存储芯片价格反转因“最小市值+存储模组”标签成为资金情绪宣泄口。驱动概念:<span class="tag-pill bg-blue-500/20 text-blue-300">存储芯片</span> <span class="tag-pill bg-teal-500/20 text-teal-300">国产GPU</span></p>
</div>
<div class="p-4 border border-slate-700 rounded-2xl bg-slate-900/30">
<div class="flex justify-between items-center mb-2">
<span class="font-bold text-lg text-slate-100">浩辰软件 (688657)</span>
<span class="font-semibold text-green-400">+9.63%</span>
</div>
<p class="text-xs text-slate-400">2025-10-15</p>
<p class="text-sm mt-2 text-slate-300"><strong>核心结论:</strong> 国产EDA重大突破引爆“信创-工业软件”链条预期作为国产CAD龙头成为资金重点攻击标的。驱动概念<span class="tag-pill bg-indigo-500/20 text-indigo-300">信创</span> <span class="tag-pill bg-rose-500/20 text-rose-300">工业软件</span></p>
</div>
</div>
</section>
<!-- Key Companies Table -->
<section class="bento-item glass-card p-8 col-span-12">
<h2 class="section-title"><i class="ph-bold ph-buildings"></i>核心标的梳理</h2>
<div class="overflow-x-auto">
<table class="table table-zebra w-full text-sm">
<thead>
<tr class="text-slate-300">
<th>股票名称</th>
<th>股票代码</th>
<th>核心逻辑</th>
<th>类别</th>
<th>其他标签</th>
</tr>
</thead>
<tbody>
<!-- Core Companies -->
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">华大九天</td>
<td><a href="https://valuefrontier.cn/company?scode=301269" target="_blank" class="text-blue-400 hover:underline">301269</a></td>
<td>国产EDA平台型龙头国家队产品线最全承担国产全流程突破核心任务数字EDA全流程工具预计2025年完成覆盖。</td>
<td><span class="tag-pill bg-violet-500/20 text-violet-300">核心公司</span></td>
<td>市占率(2022): 7%</td>
</tr>
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">概伦电子</td>
<td><a href="https://valuefrontier.cn/company?scode=688206" target="_blank" class="text-blue-400 hover:underline">688206</a></td>
<td>制造端EDA全球领先者器件建模(SPICE)工具具备全球竞争力,客户包括台积电、三星等国际顶尖晶圆厂。</td>
<td><span class="tag-pill bg-violet-500/20 text-violet-300">核心公司</span></td>
<td>市占率(2022): 2%</td>
</tr>
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">广立微</td>
<td><a href="https://valuefrontier.cn/company?scode=301095" target="_blank" class="text-blue-400 hover:underline">301095</a></td>
<td>晶圆制造良率提升专家软硬协同提供测试芯片设计EDA、WAT测试设备、良率分析YMS软件的“三位一体”解决方案。</td>
<td><span class="tag-pill bg-violet-500/20 text-violet-300">核心公司</span></td>
<td>市占率(2022): 2%</td>
</tr>
<!-- Related Companies -->
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">申通地铁</td>
<td><a href="https://valuefrontier.cn/company?scode=600834" target="_blank" class="text-blue-400 hover:underline">600834</a></td>
<td>曾披露通过建元基金间接持有华大九天12.19%。</td>
<td><span class="tag-pill bg-sky-500/20 text-sky-300">参股关联</span></td>
<td>-</td>
</tr>
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">隧道股份</td>
<td><a href="https://valuefrontier.cn/company?scode=600820" target="_blank" class="text-blue-400 hover:underline">600820</a></td>
<td>通过上海建元基金间接参股华大九天3.03%。</td>
<td><span class="tag-pill bg-sky-500/20 text-sky-300">参股关联</span></td>
<td>-</td>
</tr>
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">安路科技</td>
<td><a href="https://valuefrontier.cn/company?scode=688107" target="_blank" class="text-blue-400 hover:underline">688107</a></td>
<td>专用EDA软件主要针对本公司的FPGA芯片所设计。</td>
<td><span class="tag-pill bg-emerald-500/20 text-emerald-300">产业链关联</span></td>
<td>FPGA配套</td>
</tr>
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">复旦微电</td>
<td><a href="https://valuefrontier.cn/company?scode=688385" target="_blank" class="text-blue-400 hover:underline">688385</a></td>
<td>具备全流程自主产权的FPGA配套EDA工具ProciseTM。</td>
<td><span class="tag-pill bg-emerald-500/20 text-emerald-300">产业链关联</span></td>
<td>FPGA配套</td>
</tr>
<tr class="hover:bg-slate-800/50">
<td class="font-semibold text-slate-100">张江高科</td>
<td><a href="https://valuefrontier.cn/company?scode=600895" target="_blank" class="text-blue-400 hover:underline">600895</a></td>
<td>参与投资EDA创新中心打造全流程国产EDA生态。</td>
<td><span class="tag-pill bg-emerald-500/20 text-emerald-300">产业链关联</span></td>
<td>生态投资</td>
</tr>
</tbody>
</table>
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北京价值前沿科技有限公司 AI投研agent“价小前投研” 进行投研呈现<br>本报告完全由AI基于结构化数据合成不代表任何投资建议投资需谨慎。
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