TOPWAY(SZ:002238) Zheng Quan Shi Bao Wang·2025-06-17 14:05Core Viewpoint - The active period of mergers and acquisitions in the capital market has seen state-controlled listed companies as major participants, with Tianwei Vision's acquisition of a 70% stake in Tianqing Digital marking the beginning of its "new investment" strategy [2][6]. Group 1: Company Overview - Tianwei Vision, established in 1995, has transitioned from a traditional cable TV operator to a smart broadcasting operator and smart city service provider, leveraging its fiber optic network across Shenzhen [3]. - The company holds the leading market share in Shenzhen's digital TV service and ranks among the top in broadband access services [3]. Group 2: Strategic Focus - Tianwei Vision is focusing on four new business areas: new infrastructure, new government-enterprise collaboration, new commercial ventures, and new cultural initiatives, aiming to build a diversified industrial layout [3][4]. - The company is actively involved in the construction of new information infrastructure and has launched several data centers, including the Shenshan Data Center, which has received recognition for its energy efficiency [4]. Group 3: Investment Strategy - The acquisition of Tianqing Digital is part of Tianwei Vision's broader strategy to explore opportunities in emerging industries such as computing power, artificial intelligence, and cultural technology [7][8]. - Tianqing Digital specializes in the "culture + technology" sector, providing customized services in content creation and virtual product delivery, which aligns with Tianwei Vision's goal to enhance its new cultural business segment [8].