Group 1: Company Performance and Financials - The company's Japanese subsidiary achieved a revenue of 440 million CNY in 2024, representing a growth of approximately 19% compared to the previous year [6] - The company reported a good cash flow situation, sufficient to meet daily operational needs [3] Group 2: Research and Development - The company invested 99.44 million CNY in R&D, with approximately 20% allocated to the MEMS micro-mirror project [2] - The MEMS micro-mirror product has completed automation equipment debugging and has entered mass production [3] - The company plans to significantly increase the proportion of chip design and manufacturing in its overall business within the next 3-5 years [5] Group 3: Market Trends and Industry Outlook - The global chip market is expected to grow, with the domestic integrated circuit industry ecosystem improving and the domestic substitution rate increasing year by year [4] - The automotive market is projected to stabilize and improve in 2025, driven by policy support, with significant opportunities in the AI smartphone penetration rate [4] Group 4: Strategic Initiatives - The company is exploring acquisition opportunities to accelerate semiconductor business development and plans to establish its own R&D team domestically [6] - The company aims to localize its entire supply chain, including R&D, production, and sales, to enhance competitiveness in the domestic market [6] Group 5: Product Development and Certifications - The company's vehicle display chips have obtained multiple project designations for both domestic and international instrument and central control screens [6] - The company’s vehicle-grade DDIC/TDDI products have passed automotive certification (AEC-Q100) and all orders are from OEMs [2]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 2025 年 4 月 24 日，深圳市英唐智能控制股份有限公司（以下简称"公司"） 在巨潮资讯网（www.cninfo.com.cn）上披露了《关于计提资产减值准备的公告》 （公告编号：2025-023）。根据《深圳证券交易所上市公司自律监管指引第 2 号 —创业板上市公司规范运作》的相关规定，现对 2024 年度单项资产计提的减值 准备占公司最近一个会计年度经审计的净利润绝对值的比例在 30%以上，且绝 对金额超过 1,000 万元的具体情况补充说明如下： 证券代码:300131 证券简称：英唐智控 公告编号：2025-027 深圳市英唐智能控制股份有限公司 关于计提资产减值准备的补充公告 特此公告。 深圳市英唐智能控制股份有限公司 董事会 2025 年 5 月 8 日 2024 年度，公司合计计提存货跌价损失 26,186,435.05 元，计提金额占公司 最近一个会计年度经审计的净利润绝对值的比例达到 30%以上，且绝对金额大 于 1,000 万元。具体情况如下： | 项目 | 说明 | | --- | - ...

证券代码：300131 证券简称：英唐智控 公告编号：2025-026 深圳市英唐智能控制股份有限公司 关于召开 2024 年年度股东大会的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 深圳市英唐智能控制股份有限公司（以下简称"公司"）于2025年4月24日在巨潮资 讯网发布了《关于召开2024年年度股东大会的通知公告》（公告编号：2025-021）。公 司定于2025年5月14日（星期三）以现场表决与网络投票相结合的方式召开2024年年度 股东大会。现将会议有关事项再次提示如下： 一、本次股东大会召开的基本情况： 1、股东大会届次：2024年年度股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性： （1）本次股东大会的召开符合有关法律、法规和《公司章程》的规定。 （2）公司第六届董事会第八次会议于2025年4月22日召开，审议通过了《关于召开 公司2024年年度股东大会的议案》。 4、本次股东大会的召开时间 （1）现场会议召开时间：2025年5月14日下午15:00（星期三） （2）网络投票时间：2025年5月14日，其中： ...

Company Overview and Financial Performance - The company specializes in electronic component distribution, chip design, manufacturing, and software development. In 2024, it achieved a total revenue of CNY 534,637.40 million and a net profit of CNY 6,027.50 million, marking a dual growth in both revenue and profit [2]. - R&D investment for 2024 reached CNY 9,944.85 million, a year-on-year increase of 155.99%. The R&D personnel accounted for 31.85% of the total workforce, totaling 201 individuals [2]. Revenue Growth Drivers - The growth in revenue for 2024 was primarily driven by the mobile and automotive electronics sectors, with chip manufacturing revenue reaching CNY 4.35 billion, a 25.12% increase from the previous year [3]. - The first quarter of 2025 saw a significant improvement in gross profit, attributed to a strategic adjustment in product mix towards higher-margin products [3]. Impact of Tariff Policies - The company reported minimal impact from US-China tariff policies, as most of its brand agents are sourced from TSMC, and it is actively promoting domestic brand representation [4]. - The company is adapting to tariff changes through strategic business adjustments and domestic brand promotion, keeping the overall impact manageable [4]. Chip Design and Manufacturing - The chip division focuses on traditional and new products, with stable revenue from established markets and growth in automotive display chips and MEMS technology [5][6]. - The company has a strong technical foundation in MEMS products, with plans to expand its product line, including 4mm and 8mm MEMS micro-mirrors [7]. R&D Investment Focus - R&D efforts are concentrated on display driver chips and MEMS micro-mirrors, with significant investments aimed at enhancing competitiveness in the consumer electronics display market [7]. - The company plans to increase R&D spending to support the development of new products and maintain technological advantages [7]. Revenue Structure Adjustment - The company aims to achieve internal growth in its distribution business while increasing the sales proportion of its chip manufacturing segment, which rose from CNY 348 million (7.02%) in 2023 to CNY 435 million (8.14%) in 2024 [8]. - The goal is to significantly increase the chip manufacturing segment's contribution to overall revenue over the next 3 to 5 years [8]. Industry Chain Integration Plans - The company is exploring acquisition opportunities to accelerate its semiconductor business and enhance its domestic industry layout [9][10]. - Plans include establishing a self-owned R&D team and localizing the entire supply chain to improve operational efficiency and market responsiveness [10].

Core Insights - The global semiconductor sales are expected to grow between 6% and 15.6% by 2025, with optimistic growth forecasts for China and the US, indicating a recovery from the previous downturn in 2024 [1] - Yingtang Zhikong is accelerating its strategic transformation from an electronic component distributor to a chip design and manufacturing company, achieving a 25.12% year-on-year revenue growth in its chip design and manufacturing segment in 2024 [1][9] - The company has successfully filled a market gap in domestic alternatives for automotive display driver chips, which are expected to see a demand increase of nearly one-third by 2025 due to the rapid growth of new energy vehicle sales [5][10] Company Developments - Yingtang Zhikong's R&D investments have significantly increased, with a 155.99% rise to approximately 99.45 million yuan in 2024, enhancing its technological capabilities and market competitiveness [15] - The company has made significant strides in the automotive display driver chip sector, achieving its first batch delivery of DDIC products to a leading screen manufacturer in 2024, marking a key milestone in its commercialization efforts [6][9] - The TDDI (Touch and Display Driver Integration) chip has entered mass production and completed its first overseas bulk order delivery, showcasing the company's advanced touch functionality and image display quality [7] Market Opportunities - The global display driver chip market is projected to reach approximately $12.69 billion in 2024, with a compound annual growth rate (CAGR) of 10.34% over the past five years, and is expected to grow to $12.93 billion by 2025 [10] - The MEMS micro-mirror business is positioned to capture significant market opportunities, particularly in automotive lidar and industrial detection, with the global automotive lidar market expected to reach $3.6 billion by 2029 [11][12] - Yingtang Zhikong's MEMS micro-mirrors are already gaining traction in various applications, including laser projection and automotive services, with ongoing development to expand product specifications and enhance market adaptability [12][13] Strategic Focus - The company aims to leverage its extensive customer resources from its distribution business to integrate self-developed chips and actively engage with automotive manufacturers to capture new project demands [9] - Continuous R&D investment is deemed crucial for Yingtang Zhikong to solidify its position in emerging markets and maintain a competitive edge in the semiconductor industry [15]

Core Insights - Shenzhen Yingtang Intelligent Control Co., Ltd. (stock code: 300131) reported a stable growth in its main business for the year 2024, showcasing strong competitiveness and development potential in the electronic components distribution industry [1] Financial Performance - In 2024, the company achieved an operating revenue of 5.346 billion yuan, a year-on-year increase of 7.83% - The net profit attributable to shareholders reached 60.275 million yuan, up 9.84% year-on-year - The net profit after deducting non-recurring gains and losses was 42.544 million yuan, reflecting a significant growth of 67.60% [1] - For Q1 2025, the company maintained its positive growth trend with an operating revenue of 1.264 billion yuan, remaining stable compared to the same period last year [1] R&D Investment - The company significantly increased its R&D investment in 2024, totaling 99.448 million yuan, a remarkable growth of 155.99% - In Q1 2025, R&D expenses surged to 16.1635 million yuan, marking a year-on-year increase of 213.64% - This focus on R&D is aimed at transitioning from a distributor to a semiconductor IDM enterprise, integrating R&D, manufacturing, testing, and sales [2] MEMS Micro-Mirror Market - The MEMS micro-mirror market is projected to reach 15.6 billion USD in 2024, with a compound annual growth rate of 7.88% over five years - Key application areas include consumer electronics and automotive sectors, with emerging demands in urban NOA and robotics [2] - MEMS technology enhances the safety and reliability of autonomous vehicles and improves the intelligent perception capabilities of robots [2] Competitive Advantages in MEMS - The company's subsidiary, Japan Yingtang Microtechnology, possesses strong R&D capabilities and multiple patented technologies in the MEMS micro-mirror field - The developed MEMS micro-mirrors feature low drive voltage, wide field of view, and high efficiency with low power consumption [3] - The company is expanding its product range to include various specifications of MEMS mirrors suitable for automotive LiDAR and consumer electronics [3] Breakthroughs in Automotive Display Chips - The company made significant advancements in its display driver chips (DDIC) and touch display integrated chips (TDDI), with the first products delivered in August and December 2024 respectively - The DDIC and TDDI products cater to the growing demand for large-screen, high-definition automotive displays [4] Market Positioning and Future Outlook - The company aims to break the long-standing dominance of foreign suppliers in the domestic market by leveraging its superior product performance and strong channel service capabilities - It is also expanding its display driver technology applications into non-automotive sectors such as mobile phones and laptops [5] - Looking ahead, the company will focus on MEMS micro-mirrors and automotive display chips, increasing R&D investments to drive market expansion and solidify its industry-leading position [6]

2024 年度内部控制自我评价报告的核查意见 中山证券有限责任公司（以下简称"中山证券"或"本保荐机构"）作为深 圳市英唐智能控制股份有限公司（以下简称"英唐智控"或"公司"）2022年度 以简易程序向特定对象发行股票的保荐机构，根据《证券发行上市保荐业务管 理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《深圳 证券交易所创业板股票上市规则》等有关规定，对英唐智控 2024 年度内部控制 自我评价报告进行了审阅核查，具体情况如下： 一、保荐机构进行的核查工作 中山证券有限责任公司 关于深圳市英唐智能控制股份有限公司 纳入评价范围的业务和事项以及高风险领域具体如下： 1、内部环境 二、英唐智控内部控制的有关情况 （一）内部控制评价范围 （1）治理结构 公司按照《公司法》《证券法》及相关法规的要求和《公司章程》的规定， 建立了由股东大会、董事会、监事会、经理层组成的权力机构、决策及执行机 构、监督机构相结合的治理结构；制定了《股东大会议事规则》《董事会议事 规则》《监事会议事规则》《独立董事工作制度》《董事会专门委员会实施细 则》《董事会秘书工作制度》《董事、监事和高级管理人员持有和买卖本 ...

深圳市英唐智能控制股份有限公司 审 计 报 告 大信审字[2022]第 2-00774 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 大信会计师事务所 北京市海淀区知春路 1 号 学院国际大厦 22 层 邮编 100083 WUYIGE Certified Public Accountants.LLP 22/F,Xueyuan International Tower No.1Zhichun Road,Haidian Dist. Beijing,China,100083 电话 Telephone： +86（10）82330558 传真 Fax： +86（10）82327668 网址 Internet： www.daxincpa.com.cn 审 计 报 告 大信审字[2022]第 2-00774 号 深圳市英唐智能控制股份有限公司全体股东： 一、审计意见 我们审计了深圳市英唐智能控制股份有限公司（以下简称"贵公司"）的财务报表，包 括 2022 年 3 月 31 日、2021 年 12 月 31 日的合并及母公司资产负债表，2022 年 ...

一、 英唐智控公司对内部控制的责任 内部控制审计报告 众环审字（2025） 0102703 号 深圳市英唐智能控制股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了深 圳市英唐智能控制股份有限公司（以下简称"英唐智控公司"）2024 年 12 月 31 日的财务报 告内部控制的有效性。 廖利华 中国注册会计师： 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定，建立健全和有效实施内部控制，并评价其有效性是英唐智控公司董事会的责任。 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意见， 并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计结 果推测未来内部控制的有效性具有一定风险。 四、 财务报告内部控制审计意见 我们认为，英唐智控公司于 2024 年 12 月 31 日按照《企业内部控制基本规范 ...