证券代码：300131 证券简称： 英唐智控 公告编号：2025-051 深圳市英唐智能控制股份有限公司 关于子公司签署战略合作框架协议的自愿性信息披露公告 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。 特别提示： 1、本次签订的合作协议为初步框架协议，确立了双方合作关系，双方后续 的合作以具体签订的协议为准，具体实施内容和进度尚存在不确定性。 2、本协议为双方开展合作的指导性文件，暂不涉及具体金额，本协议的签 署预计对公司 2025 年经营业绩不构成重大影响，敬请广大投资者谨慎决策，注 意投资风险。 3、公司不存在最近三年披露的框架协议进展未达预期的情况。 一、协议签署情况 7、经营范围：汽车零部件及配件制造；汽车零部件研发；汽车零配件零售； 汽车零配件批发；智能车载设备制造；智能车载设备销售；集成电路销售；集成 电路芯片及产品销售等。 8、关联关系说明：公司及子公司与其不存在关联关系。 深圳市英唐智能控制股份有限公司（以下简称"公司"）全资子公司深圳市 英唐极光微技术有限公司（以下简称"深圳极光微"）与欧摩威汽车电子（长春） 有限公司（以下简称"欧摩威" ...

Core Viewpoint - The company aims to establish itself as a chip design and manufacturing enterprise centered around a distribution model and a "light, electricity, and computing" technology closed loop [1] Group 1: Company Strategy - The company has been deeply engaged in the distribution sector for 20 years, establishing a global distribution network with over 100 brand partnerships and serving more than 3,000 clients, generating annual revenue of approximately 5 billion yuan [1] - Since 2018, the company has been transitioning upstream in the semiconductor industry chain, supported by its distribution business, to create a closed loop for "light, electricity, and computing" technologies [1] - Recent acquisitions of Guanglong Integrated and Aojian Microelectronics are part of the company's strategy to enhance its business scale and profitability [1] Group 2: Acquisition Details - The company plans to acquire 100% of Guanglong Integrated and 80% of Aojian Microelectronics through a combination of share issuance and cash payment [1] - Guanglong Integrated's products include optical switches, optical protection modules, and other optical devices, with a focus on large-scale data centers, benefiting from the growth in demand driven by generative AI and cloud computing [2] - Aojian Microelectronics specializes in high-performance analog chip development, with products used in consumer electronics, communications, and medical fields, some of which compete with global leaders like Texas Instruments [2] Group 3: Financial Performance - From January to August 2025, Guanglong Integrated reported revenue of 48.895 million yuan and a net profit of 13.989 million yuan, while Aojian Microelectronics reported revenue of 18.442 million yuan and a net loss of 1.5114 million yuan [2] Group 4: Market and Technical Synergy - The company's strong distribution capabilities and rich customer resources are expected to accelerate market entry and expand sales channels for Guanglong Integrated and Aojian Microelectronics [3] - There is potential for technology sharing and complementarity, as the company has deep expertise in optical signal conversion and MEMS technology, while Guanglong Integrated and Aojian Microelectronics have extensive experience in their respective fields [3] - The company is positioned to provide MEMS manufacturing capacity to Guanglong Integrated and supply chain resources to Aojian Microelectronics, enhancing production and procurement capabilities [3]

Group 1: Company Overview and Strategy - Shenzhen Yingtang Intelligent Control Co., Ltd. focuses on electronic component distribution, building a global multi-regional network covering various categories including chips, storage, RF, display drivers, power/analog devices, and MEMS sensors [2][3] - The company is preparing to acquire Guilin Guanglong Integration and Shanghai Aojian Microelectronics to strengthen its layout in optical communication chips and analog integrated circuits, aiming for synergy with existing distribution and self-research businesses [2][4] - Yingtang plans to leverage the explosive growth of generative AI, large model training, and cloud computing to enhance its semiconductor industry chain capabilities [2][4] Group 2: Market Insights and Growth Potential - The optical switch (OCS) technology is highlighted as a key breakthrough for future optical routing scheduling, with significant market potential [3][4] - The Chinese analog chip market is projected to grow from CNY 121.1 billion in 2020 to CNY 195.3 billion by 2024, with a compound annual growth rate (CAGR) of 12.7%, and expected to exceed CNY 300 billion by 2028 [4][5] Group 3: Product Development and Applications - Guilin Guanglong Integration specializes in OCS technology, emphasizing the need for high-precision processing capabilities and semiconductor packaging to achieve mass production and reliability [3][4] - The OCS technology is applicable in three core scenarios: collaboration between computing power and networks, intelligent management of telecom networks, and testing of optical modules [3][4] Group 4: Collaboration and Talent Retention - Yingtang's chairman emphasized the importance of retaining core talent in chip design companies, proposing a comprehensive integration and incentive plan to ensure the success of collaborations [7] - Shanghai Aojian Microelectronics is positioned as a fast follower and innovator in the domestic analog chip market, focusing on automotive and industrial power chips [8] Group 5: Risk Factors and Regulatory Considerations - The transaction involving the acquisition of Guanglong Integration and Aojian Microelectronics is subject to regulatory approval, which may impact the timeline and execution of the deal [11] - Investors are advised to be cautious and aware of potential risks associated with the transaction, including the possibility of suspension or cancellation [11]

Industry News - The Ministry of Industry and Information Technology issued the "Guidelines for the Construction of High-Standard Digital Parks," aiming to establish around 200 high-standard digital parks by 2027, with a target of achieving 100% coverage of dual-gigabit networks and effective deployment of computing power infrastructure [4] Company News - Chinese Media announced plans to use idle funds of 9.5 billion yuan to purchase financial products [7] - Xiaomi Group reported third-quarter revenue of 113.12 billion yuan, a year-on-year increase of 22.3%, with adjusted net profit reaching a record high of 11.3 billion yuan, up 80.9% year-on-year. The company aims to meet its annual delivery target of 350,000 units for Xiaomi cars this week [7] - Pinduoduo reported third-quarter revenue of 108.28 billion yuan, with adjusted earnings per ADS of 21.08 yuan [9] - Baidu's third-quarter financial report showed total revenue of 31.2 billion yuan, with core revenue of 24.7 billion yuan. The company disclosed AI business revenue for the first time, showing a year-on-year growth of over 50% [9] - Jingmei Technology announced a cooperation framework agreement with CATL for the joint design and development of "lithium battery composite busbars" [9] - Ever Creative, the second-largest shareholder of Yaxiang Integration, reduced its holdings by 130,000 shares as of November 18 [10]

Core Viewpoint - The company is currently undergoing a transformation strategy through acquisitions, which has led to fluctuations in stock prices due to various market factors. Group 1: Stock Performance - As of November 18, 2025, the company's stock closed at 11.27 yuan, up 4.64%, with a turnover rate of 11.42% and a trading volume of 1.19 million hands, amounting to a transaction value of 1.33 billion yuan [1] - On November 14, the stock price had dropped below the level prior to the acquisition announcement on October 24, raising concerns among investors [2] Group 2: Acquisition Details - The company has signed a framework agreement for the acquisition of 100% of Guanglong Integrated and 80% of Aojian Microelectronics, aimed at enhancing operational capabilities and quality [4] - The company has not identified any situations that would harm the legitimate rights and interests of the company and its shareholders in relation to the acquisition [4] Group 3: Investor Relations - The company emphasizes the importance of investor relations management and adheres to regulatory requirements for information disclosure [3] - The company has engaged in share buybacks to enhance investor confidence, despite not meeting dividend conditions [2] Group 4: Market Conditions - Stock price fluctuations are attributed to macroeconomic conditions, industry volatility, and market sentiment [3][6] - The company is actively working on the audit and evaluation of the acquisition, indicating ongoing efforts to stabilize its market position [6] Group 5: Product and Market Strategy - The company has seen a significant increase in its storage chip business due to industry demand, with a diverse range of products including DRAM, NAND flash, and SSDs [5] - The acquisition is expected to accelerate the establishment of a domestic R&D team and enhance innovation capabilities, aligning product development with domestic market needs [6]

Market Performance - As of November 18, the ERP concept index rose by 2.53%, ranking fifth among concept sectors, with 27 stocks increasing in value [1] - Notable gainers included Guangyun Technology, which hit a 20% limit up, and Shiji Information and ST Ruihe, both also reaching their daily limit [1] - The top performers in the sector were Meidun Technology, Shenzhou Information, and Yintang Zhikong, with increases of 22.82%, 5.44%, and 4.64% respectively [1] Capital Flow - The ERP concept sector saw a net inflow of 719 million yuan from main funds, with 21 stocks receiving net inflows [2] - Leading the net inflow was Shiji Information, which attracted 347 million yuan, followed by Yongyou Network, Yintang Zhikong, and Guangyun Technology with net inflows of 132 million yuan, 119 million yuan, and 112 million yuan respectively [2] - In terms of capital inflow ratios, Shiji Information, ST Ruihe, and Guangyun Technology had the highest rates at 46.70%, 34.43%, and 18.84% respectively [3] Stock Performance - The top stocks in the ERP concept based on daily performance included: - Shiji Information: +9.97% with a turnover rate of 4.30% and a main fund flow of 347.38 million yuan [3] - Yongyou Network: +2.05% with a turnover rate of 2.42% and a main fund flow of 131.73 million yuan [3] - Yintang Zhikong: +4.64% with a turnover rate of 11.42% and a main fund flow of 118.81 million yuan [3] - Conversely, the stocks with the largest declines included Leizhi Group, Changrong Co., and Dezong Automobile, which fell by 3.80%, 2.57%, and 2.28% respectively [1][5]

Core Viewpoint - The company has significantly increased its storage chip business year-on-year due to industry demand, with a diverse range of products including DRAM, NAND flash, and SSDs [1] Group 1: Business Performance - The storage chip business has seen a substantial year-on-year improvement [1] - The company represents various storage chip brands, including Baiwei, Shichuangyi, Jincun, Dongxin, and Xintianxia [1] Group 2: Product Range - The company’s portfolio includes multiple types of storage devices such as DRAM, NAND flash, NORFLASH, EMMC, and SSD [1]

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]