拟8.5亿元控股数渡科技，万通发展跨界造芯

Core Viewpoint - The company, Wantong Development, is planning to acquire a 62.9801% stake in Shudao Technology through a combination of capital increase and equity transfer, with a total transaction amount of approximately 854.45 million yuan [1][2]. Group 1: Acquisition Details - The acquisition will be completed in three steps: 1. A cash capital increase of 100 million yuan to acquire 9.09% of Shudao Technology's equity 2. A transfer of 605 million yuan to acquire 43.19% of equity from existing shareholders 3. A payment of 150 million yuan to acquire two partnership enterprises under Shudao Technology, indirectly controlling an additional 10.7% equity [1]. - Upon completion, Wantong Development will hold a total of 62.9801% of Shudao Technology's equity, making it the controlling shareholder [1]. Group 2: Strategic Importance - This transaction is seen as a critical opportunity for Wantong Development to enter the high-value digital chip sector, aligning with its strategic goal of transforming into a digital technology business [2]. - The integration of high-quality chip design assets is expected to create a second growth curve for the company, enhancing its development quality [2]. Group 3: Shudao Technology Overview - Shudao Technology specializes in high-speed interconnect chip design and ASIC chip customization services, with its core product being PCIe high-speed switch chips [2]. - The self-developed PCIe switch chip supporting the PCIe 5.0 protocol is currently in the customer introduction phase [2]. Group 4: Market Potential - The PCIe high-speed switch chip is essential for high-speed data transmission and device expansion, particularly in AI applications [3]. - The market outlook for Shudao Technology is promising, with a projected compound annual growth rate of 35% for domestic accelerated computing servers from 2025 to 2029 [3]. - The global market for PCIe switch chips is expected to reach 13.53 billion USD by 2030 [3]. Group 5: Financial Performance - Shudao Technology has not yet achieved profitability, with revenues of 15.81 million yuan, 32.38 million yuan, and 16.28 million yuan from 2023 to the first half of 2025, and net losses of 62.57 million yuan, 138 million yuan, and 35.98 million yuan during the same period [3]. - Wantong Development is also currently facing losses, with a total revenue of 115 million yuan in Q1 this year, a year-on-year increase of 51.21%, and a net profit loss of 35.26 million yuan, a year-on-year improvement of 44.76% [3].