资料显示，深圳市英唐智能控制股份有限公司位于广东省深圳市宝安区新安街道海旺社区宝兴路6号海 纳百川总部大厦B座6层,7层,8层，成立日期2001年7月6日，上市日期2010年10月19日，公司主营业务涉 及电子元器件分销,半导体元件、集成电路以及其他电子零部件的研发、制造、销售,软件研发、销售及 维护等业务。主营业务收入构成为：电子元器件产品91.59%，芯片设计制造8.06%，物联网产品 0.18%，软件销售及维护0.15%，其他0.02%。 11月18日，英唐智控涨5.2%，截至发稿，报11.33元/股，成交9.24亿元，换手率7.96%，总市值128.60亿 元。 从基金十大重仓股角度 数据显示，国泰基金旗下1只基金重仓英唐智控。国泰中证2000ETF（561370）三季度持有股数9000 股，占基金净值比例为0.32%，位居第四大重仓股。根据测算，今日浮盈赚取约5040元。 国泰中证2000ETF（561370）成立日期2023年9月13日，最新规模3249.56万。今年以来收益37.63%，同 类排名1089/4212；近一年收益35.76%，同类排名1030/3956；成立以来收益38.29%。 ...

Core Viewpoint - The semiconductor supply chain is undergoing significant consolidation, with multiple A-share companies actively pursuing acquisitions to enhance their market positions and adapt to evolving industry dynamics [1][4]. Industry Trends - The electronic components distribution sector is experiencing increased merger and acquisition activity, reflecting growth momentum and a trend towards greater market concentration within the global electronics supply chain [1][3]. - Approximately 44% of electronic components are procured directly by downstream manufacturers from original manufacturers, while 56% rely on distribution channels, indicating the critical role of distributors in the supply chain [2][3]. Market Concentration - The revenue share of the top four distributors is projected to be 53.91% of the total revenue of the top 50 distributors in 2024, a slight decrease from 56.72% in 2023, indicating a trend of increasing concentration in the industry [3]. - Chinese distributors are rapidly emerging, with companies like Zhongdian Port and Yachuang Electronics making significant market strides, as evidenced by Zhongdian Port's revenue reaching 486.39 billion in 2024 [3][4]. Diversification Strategies - Distributors are diversifying their operations by extending their services upstream to original manufacturers and downstream to foundries, as well as venturing into semiconductor R&D and smart manufacturing [5][6]. - Companies like Arrow Electronics and WPG have engaged in numerous acquisitions to enhance their market presence and service offerings [4][5]. Digital Transformation - The semiconductor industry is witnessing a shift towards direct sales and optimized distribution channels, driven by the increasing adoption of digital procurement by semiconductor manufacturers [7]. - Distributors are required to enhance their service capabilities, particularly in supply chain management and technical support, to adapt to the changing market landscape [7]. Long-term Outlook - The rapid development of the domestic electronics industry presents significant opportunities for the electronic components distribution sector, with emerging technologies like 5G and AI driving demand for electronic components [8]. - Chinese distributors are encouraged to innovate and expand their international presence through overseas acquisitions, thereby integrating into the global market [8].

Group 1 - The core viewpoint of the news highlights the recent trading performance of Ying Tang Intelligent Control, noting a decline of 2.18% in stock price on November 17, with a trading volume of 9.23 billion yuan [1] - As of November 17, the financing balance of Ying Tang Intelligent Control reached 1.374 billion yuan, accounting for 11.24% of its market capitalization, indicating a high level of financing activity compared to the past year [1] - The company reported a financing buy amount of 102 million yuan on the same day, with a net financing outflow of 15.27 million yuan, suggesting a trend of selling pressure [1] Group 2 - As of September 30, the number of shareholders for Ying Tang Intelligent Control decreased by 17.42% to 65,500, while the average circulating shares per person increased by 21.10% to 15,917 shares [2] - For the period from January to September 2025, the company achieved a revenue of 4.113 billion yuan, reflecting a year-on-year growth of 2.40%, but the net profit attributable to shareholders decreased by 43.67% to 26.07 million yuan [2] - The company has cumulatively distributed 279 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]

Core Insights - The electronic components distribution sector is experiencing significant capital operations in 2023, with multiple acquisitions announced by major distributors [1] - The trend of mergers and acquisitions among distributors indicates a growing momentum in the distribution industry and a consolidation trend within the global electronics supply chain [1] - The increasing scale and depth of services provided by distributors suggest they will play a more critical role in the global electronic supply chain, while also facing intensified market competition and evolving industry challenges [1] Company Activities - On November 8, domestic IC distributor Yingtang Zhikong announced plans to acquire 100% of Guanglong Integrated and 80% of Ao Jian Microelectronics [1] - On September 26, Yachuang Electronics announced intentions to purchase 40% of Ouchuangxin and 45% of Yihainengda [1] - Earlier in the year, Yachuang Electronics also disclosed acquisitions of 35.88% of Analog Semiconductor and 100% of Rongchuang Microelectronics in June and March respectively [1] Industry Trends - The active merger and acquisition activities among distributors reflect a robust growth trend in the distribution sector [1] - The consolidation within the industry is expected to lead to an increase in market concentration, impacting competitive dynamics [1] - As distributors expand their operations, they are likely to encounter more intense competition and face ongoing changes in industry challenges [1]

Core Insights - The electronic components distribution sector is experiencing significant capital activity, with multiple acquisitions announced by major players in 2023, indicating a trend towards market consolidation and increased competition [1][5][6]. Industry Trends - The electronic components market includes a wide range of products such as ICs, resistors, capacitors, inductors, connectors, and diodes. Approximately 44% of electronic components are procured directly by downstream manufacturers from original manufacturers, while 56% rely on distributors [2][3]. - The global distribution landscape is dominated by major companies like Arrow, Avnet, WPG, and Winbond, with the top four distributors projected to generate revenues close to or exceeding $100 billion annually from 2022 to 2024 [3]. Market Concentration - The concentration of the electronic components distribution market is increasing, with the top four distributors expected to account for 53.91% of the total revenue of the top 50 distributors in 2024, down from 56.72% in 2023 [3]. - Chinese distributors are rapidly emerging, with companies like Zhongdian Port and Yachuang Electronics seeing significant revenue growth, driven by sectors such as computing and AI [3]. Performance Disparities - There is a performance divergence among global distributors, with regions like Greater China experiencing recovery due to AI and memory components, while North American and Japanese distributors face negative growth due to inventory destocking [4]. Diversification Strategies - The semiconductor industry has a history of mergers and acquisitions, and this trend is evident in the distribution sector as well. Companies like Arrow and Winbond have made strategic acquisitions to enhance their market position [5][6]. - Distributors are expanding their services beyond traditional distribution to include semiconductor design, PCBA manufacturing, and technical support, adapting to market changes [6][8]. Digital Transformation - The rise of digitalization and e-commerce is reshaping the distribution landscape, with semiconductor manufacturers increasing direct sales and optimizing distribution channels. This shift requires distributors to enhance their supply chain management and technical support capabilities [8]. Future Outlook - The rapid development of the domestic electronic industry presents vast market opportunities for distributors, particularly with the rise of technologies like 5G, AI, and IoT. Distributors are encouraged to strengthen collaborations with suppliers and customers to expand their market share [9]. - Chinese distributors are expected to innovate continuously to adapt to market changes, focusing on enhancing service capabilities and exploring international markets through acquisitions [9].

Core Viewpoint - The company, Yintan Zhikong, has confirmed its involvement in the storage chip market, offering a range of products and advancing its self-developed chips into commercialization [2]. Group 1: Product Offerings - The company’s agency product line includes various storage chips such as DRAM, NAND flash, NOR FLASH, EMMC, and SSD [2]. - The agency brands represented by the company include Baiwei, Shichuangyi, Jincun, Dongxin, and Xintianxia [2]. Group 2: Self-Developed Chips - The company has developed its own chips, including MEMS micro-mirrors and automotive display chips, which have entered the market [2]. - Improved versions of these self-developed chips are being accelerated according to the planned R&D schedule [2].

（文章来源：证券日报） 证券日报网讯英唐智控11月17日在互动平台回答投资者提问时表示，公司在维持现有分销业务板块规模 稳定的基础上，将持续加大在芯片设计制造方面的投入，期望芯片研发制造业务在公司整体业务中的占 比能显著提升，成为支撑公司持续发展的核心力量，助力公司在半导体领域实现更大突破。 ...

（编辑 任世碧） 证券日报网讯 英唐智控11月17日在互动平台回答投资者提问时表示，分销业务覆盖汽车、PC/服务器、 手机、家电、公共设施、工业等多个行业，积累了丰富的客户资源，与各行业诸多头部客户均有直接或 间接的合作。 ...

Core Viewpoint - The company, Yingtang Zhikong, has confirmed its collaboration with both domestic and international clients in its distribution and chip design manufacturing businesses [2] Group 1 - The company engages in distribution business [2] - The company is involved in chip design and manufacturing [2] - The company has partnerships with both domestic and international clients [2]

证券日报网讯英唐智控（300131）11月17日在互动平台回答投资者提问时表示，公司已拥有MEMS器件 级别以及LBS(基于激光束扫描的投影方案)全套系统开发能力，并已建成了完整的MEMS器件自动化生 产线。MEMS微振镜产品直径规格涵盖4mm、1mm、1.6mm、8mm，其中4mm规格的MEMS微振镜产品 进入市场，率先在工业领域实现批量生产。 ...