万通发展拟收购数渡科技62.9801%股权，跨界切入PCIe高速交换芯片领域

Core Viewpoint - The company, Wantong Development, plans to invest a total of 854.449 million yuan to acquire a 62.9801% stake in Beijing Shudu Information Technology Co., Ltd. (Shudu Technology), making it a controlling subsidiary after the investment is completed [2][4]. Investment Details - The company intends to invest 100 million yuan in cash to subscribe for 159,059 registered capital of Shudu Technology, resulting in a 9.0908% stake [3]. - The company plans to acquire 43.1924% of Shudu Technology's shares from various stakeholders for 604.691795 million yuan [3]. - Additionally, the company and its wholly-owned subsidiary will purchase 3.7150% and 6.9819% stakes indirectly through the acquisition of 100% equity in two limited partnerships for 52.0104 million yuan and 97.747146 million yuan, respectively [3]. Company Profile - Shudu Technology has a registered capital of 154.28723 million yuan and specializes in the design and development of high-speed interconnect chips, providing ASIC chip customization services [4]. - The core product is the PCIe high-speed switch chip, which is essential for high-bandwidth, low-latency data transmission in servers, AI computing, and storage fields [4]. Product Development - Shudu Technology has developed PCIe switch chips that support the PCIe 5.0 protocol, currently in the customer introduction phase [5]. - The PCIe 5.0 switch chips feature high bandwidth, low latency, high reliability, and compatibility with mainstream international competitors, filling a gap in the domestic market [6]. Market Position - The products support inter-chip networking, enabling direct communication between GPUs, and are positioned as a rare choice for building autonomous supernodes in the domestic market [6]. - Shudu Technology has established partnerships with leading industry clients, and its samples have passed performance tests by mainstream manufacturers [6]. Financial Performance - In 2024, Shudu Technology reported revenue of 32.375 million yuan and a net loss of 137.877 million yuan; in the first half of 2025, revenue was 16.283 million yuan with a net loss of 35.983 million yuan [6].