Company at a glance
Scale
Revenue up 47% since FY2023
Growth prospects
Revenue trajectory FY2023–2025
China competition
Competes with Empyrean, Xpeedic, Semitronix in EDA — peers listed at sector level.
BottleneckGlobal comparables
Global reference set: Synopsys, Cadence, Siemens EDA.
Synopsys, Cadence, Siemens EDA, Ansys, Silvaco, and Keysight depending on the exact EDA or test workflow.Technical gap
Sector rated bottleneck vs the frontier.
Obstacles
Sector bottleneck applies
Full-flow coverage, advanced-node validation, foundry PDK integration, IP ecosystem, and decades of accumulated tool trust.All sourced facts (4)
- Headquarters: Shanghai, China
- Founded: Registered in 2010 under Dr. Liu Zhihong, according to the company history.
- HQ: Shanghai; the company lists Shanghai Zhangjiang and Shanghai Lingang offices.
- Listing: Shanghai STAR Market 688206.SH; Primarius says it became China's first listed EDA company in 2021.
About
Sells EDA software, modeling/simulation tools, semiconductor parameter test systems, and design-enablement services to fabs, IDMs, memory companies, and chip designers.
Shanghai · Founded 2010 · Ticker 688206.SH
Why it matters
Primarius matters because China needs more than one domestic EDA name. Its strength is closer to modeling, simulation, PDK, and analog/custom-design workflows than a complete Synopsys/Cadence/Siemens replacement.
Where it sits in the stack
Key semiconductor products
- BSIMProPlus, MeQLab, SDEP, and ME-Pro for device modeling, model extraction, and model verification.
- PCellLab, PQLab, NanoCell, LibWiz, FabLitho, and FAR for PDK, standard-cell, lithography/process-modeling, and mask-layout workflows.
- Manufacturing EDA
- SPICE Modeling
- ESDi·HBM ESD Analysis
- BSIMProPlus
- NanoSpice
- NanoSpice Pro
- NanoDesigner
- NanoCell
- PCellLab
- PQLab
Financials
688206.SS · Shanghai STAR Market 688206 · via Yahoo Finance ↗
Financial trajectory via annual filings via Yahoo Finance
RMB billionsMarket data refreshed daily; annual figures from exchange filings. Figures in the reporting currency shown on the chart.
Ecosystem
Customers / end markets
- Sitronix Technology Co
- Fabs, IDMs, memory companies, design companies, IP companies, universities, and research institutions
- Samsung Foundry is relevant as a qualification signal for NanoSpice at 3nm; that is stronger than a generic domestic-customer claim
Qualification sites
- Samsung Foundry
Competitors
- Synopsys
Global peer set
- Synopsys, Cadence, Siemens EDA, Ansys, Silvaco, and Keysight depending on the exact EDA or test workflow
Affiliates
- Magwel
- Entasys
- 博达微
Competitive position
- China position: Substitute / bottleneck reducer. Primarius is meaningful in targeted EDA workflows, especially modeling and simulation, but not a full-flow replacement for the U.S.-led EDA stack.
- The useful comparison is by workflow: SPICE/FastSPICE, PDK/model extraction, analog/custom design, and process/manufacturing EDA, not generic EDA market share.
- A strong public signal is Primarius's claim that NanoSpice passed Samsung Foundry 3nm process-technology certification.
- Primarius has visible strength in modeling, SPICE/FastSPICE simulation, PDK-related workflows, analog/custom design, and test systems, but full-flow advanced digital EDA remains the harder gap.
- Full-flow coverage, advanced-node validation, foundry PDK integration, IP ecosystem depth, and customer trust across many design teams.
- Global comparables: Synopsys, Cadence, Siemens EDA, Ansys, Silvaco, and Keysight depending on the exact EDA or test workflow.
- The gap is full-flow breadth, advanced-node validation, foundry PDK integration, IP ecosystem depth, and customer trust across many design teams.
- The key signals to watch is not just product availability; it is qualification by major fabs, repeat production use, and whether tools sit inside customer design flows rather than isolated evaluations.
Milestones and signals
- 2010—Primarius was founded.
- 2021—Shanghai STAR Market 688206.SH; Primarius says it became China's first listed EDA company in 2021.
- 2026-10-04—Market cap: RMB 18.2B
- FY2025—Revenue: RMB 484M
- FY2025—Net Profit: RMB 34.2M
What to watch
- New foundry qualification claims, especially below mature nodes.
- Annual reports for software revenue mix, R&D intensity, and overseas/domestic customer split.
- Acquisitions or partnerships that broaden Primarius beyond modeling and simulation.
- EDA/IP ecosystem buildout through the Shanghai EDA/IP Innovation Center and related partners.
Questions
Last reviewed 2026-07-08Answered questions
Which Primarius tools are qualified in production flows at named fabs or IDMs?
On the record: Primarius EDA tools (unspecified) (Customer validation) at Sitronix Technology Co for Small-size TDDI chip design and ESDi (Prototype) at Not disclosed for Chip-level HBM ESD protection analysis.
How much revenue comes from software licenses versus testing systems and services?
Against Synopsys, Cadence, Siemens EDA, and Ansys: Primarius has visible strength in modeling, SPICE/FastSPICE simulation, PDK-related workflows, analog/custom design, and test systems, but full-flow advanced digital EDA remains the harder gap.
Open questions
- Can Primarius expand from modeling/simulation strength into broader full-flow EDA coverage?