万通发展: 关于筹划投资事宜的提示性公告

Core Viewpoint - The company is planning to invest a total of 854.449341 million yuan to acquire a 62.9801% stake in Beijing Shudu Information Technology Co., Ltd., which will become a subsidiary of the listed company after the investment is completed [1][2][3] Investment Overview - The investment will be executed through capital increase and equity transfer, with the company holding a direct and indirect stake of 9.0908% in Shudu Technology after the transaction [2][3] - The board meeting to review this investment is scheduled for August 13, 2025, and the decision falls within the board's authority, thus not requiring shareholder approval [1][3] Target Company Information - Shudu Technology specializes in high-speed interconnect chip design and development, with its core product being PCIe high-speed switch chips, essential for AI servers and data centers [6][7] - The company has developed PCIe5.0 compliant chips, currently in the customer introduction phase [7] Financial Data - As of the latest reports, Shudu Technology's total assets are approximately 330.46 million yuan, with total liabilities of about 265.86 million yuan, resulting in net assets of around 64.60 million yuan [6][7] - The company reported a net loss of approximately 35.98 million yuan for the most recent period [6] Market Landscape - The global PCIe switch chip market was valued at approximately 4.58 billion USD in 2022, with projections to reach 13.53 billion USD by 2030, reflecting a CAGR of 14.5% [8][9] - The AI server segment is expected to be the fastest-growing market for PCIe switch chips, with a projected shipment of 1.65 million units globally in 2024, a 46% increase year-on-year [9][10] Strategic Implications - This investment aligns with the company's strategy to enter the high-value digital chip sector, potentially creating a new growth avenue and enhancing overall company performance [13][14] - The transaction is expected to have a positive impact on the company's financial structure and performance metrics, although it may also introduce goodwill that could be subject to impairment risks if the target company's performance does not meet expectations [14]