深圳市英唐智能控制股份有限公司 投资者关系活动记录表 证券代码：300131 证券简称：英唐智控 | 需求及询单量显著增加；同时，在海外算力服务商领域，也有关于OCS光路交 | | --- | | 换机的客户询单。具体业绩数据以审计评估为依据，请关注上市公司后续披 | | 露的相关公告。 | | 3. 光隆集成OCS业务的客户主要有哪些？ | | 答: 光隆集成终端客户广泛覆盖海内外市场，依托与英唐智控的战略合 | | 作，凭借英唐智控丰富的客户资源，可以拓展海外市场，提升供应链响应效 | | 率与市场拓展能力，为客户创造更全面的价值。 | | 4. MEMS OCS核心模块有哪些？ | | 答: MEMS OCS核心元器件包括：MEMS阵列、光纤准直器阵列、滤光片、 | | 光环行器等，其中，MEMS阵列作为核心部件成本占比最高。 | | 5.光隆集成 MEMS微振镜阵列是外采吗？ | | 答: 光隆集成OCS所使用的MEMS微振镜阵列是通过外部代工生产的，核心 | | 的耦合等工序由光隆集成自主掌控。 | | 6. 光隆集成的OCS技术来源？ | | 答：光隆集成的核心团队来自桂林的国家级科研院所，光隆集 ...

Core Viewpoint - The core team of Guanglong Integration comes from a national research institute in Guilin and focuses on the research and development of optical switch-related technologies [1] Company Background - Guanglong Integration has a long-term layout in various control methods including mechanical, MEMS micro-mechanical, magneto-optical, electro-optical, and waveguide types [1]

答:光隆集成核心团队来自桂林的国家级科研院所，光隆集成始终专注于光开关相关技术研发，在机械 式、MEMS微机械式、磁光式、电光式及波导式等多种控制方式上均有长期布局。 格隆汇12月11日丨英唐智控(300131.SZ)在投资者关系中表示，有被问到: 光隆集成的核心团队的背景是 怎样的？ ...

Group 1 - The core viewpoint of the article highlights the increasing demand for optical isolators, with a price increase of over 50% since the beginning of the year [2] - The company, Yintan Zhikong, is planning to acquire Guilin Guanglong Integrated Technology Co., which specializes in optical devices including optical switches, optical protection modules, optical attenuators, wavelength division multiplexers, and circulators [2] - The acquisition target's website confirms the presence of optical isolators and Faraday optical components among its product offerings [2]

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]

Core Viewpoint - The acquisition of 100% equity in Guanglong Integration and 80% equity in Aojianwei by Yintang Zhikong is expected to create significant synergies in technology, market access, and production capabilities, enhancing the company's competitive position in the optical and semiconductor industries [1][2][3] Group 1: Acquisition Details - Yintang Zhikong is acquiring Guanglong Integration and Aojianwei through a combination of share issuance and cash payment [1] - The acquisition aims to leverage Guanglong's expertise in optical devices and Aojianwei's strengths in analog chip design to enhance Yintang's product offerings [1] Group 2: Synergies and Benefits - The acquisition is anticipated to create technological synergies, allowing for shared expertise in optical signal conversion, MEMS mirrors, and automotive chip design [1] - Yintang's strong distribution capabilities and customer resources are expected to accelerate market penetration for Guanglong's optical switch products and Aojianwei's high-end analog chips [1] - The collaboration is projected to enhance production capabilities, with Yintang providing MEMS mirror manufacturing capacity to Guanglong and integrating supply chain resources for Aojianwei [1] Group 3: Guanglong Integration Overview - Guanglong Integration is recognized as a national-level specialized "little giant" enterprise, focusing on high-end optical system solutions and advancing the development of OCS optical switching systems [2] - The company has achieved significant technical milestones in OCS, with capabilities to produce a full range of optical switch products across various speed levels [2] - Financial performance indicates a net profit of 17.46 million yuan in 2023, with projections showing strong growth in subsequent years [2] Group 4: Aojianwei Overview - Aojianwei specializes in power management chips, with a technical team comprising members from major international chip companies [3] - The company has successfully shipped over 100 million units in the consumer electronics sector and has made significant inroads into communication and medical markets [3] - Future product launches are expected to expand Aojianwei's presence in high-end markets, including automotive electronics and server applications [3]

Core Viewpoint - The acquisition of Guanglong Integrated Technology Co., Ltd. and Aojian Microelectronics Technology Co., Ltd. by Yintang Zhikong is a strategic move towards transforming into a semiconductor IDM enterprise, highlighting the long-term value beyond short-term capital operations [1] Group 1: Guanglong Integrated Technology - Guanglong Integrated is a leading player in the optical switch market, crucial for AI computing and data center operations, with a strong focus on OCS technology [2][4] - The company has established a comprehensive competitive barrier with a full range of optical switch products, achieving significant technological breakthroughs in OCS core modules [3] - Financially, Guanglong Integrated has shown a clear profit recovery trend, with net profits of 17.46 million yuan in 2023 and 13.99 million yuan in the first eight months of 2025, indicating strong market positioning [4] Group 2: Aojian Microelectronics - Aojian Microelectronics focuses on the critical area of analog chips, particularly power management chips, supported by a strong technical team and backing from major industry players [5] - The company has achieved significant market penetration, with over 100 million units shipped in consumer electronics and successful mass production in telecommunications and medical sectors [5][9] - The growth potential in the power management chip market is substantial, with a projected CAGR of 22% from 2025 to 2028, indicating a strong future for Aojian Microelectronics [9] Group 3: Strategic Synergy and Market Outlook - The acquisition creates a strategic synergy that enhances Yintang Zhikong's long-term value, with complementary technologies and market capabilities between the companies [10] - Both Guanglong Integrated and Aojian Microelectronics operate in high-growth sectors driven by policy and demand, with the OCS market expected to grow significantly, particularly in China [8][9] - The combined strengths of the companies are expected to create a robust semiconductor supply chain, enhancing competitive advantages in the market [11]

Core Viewpoint - The company, Yintan Zhikong, is advancing its transformation into a semiconductor IDM enterprise through the acquisition of 100% of Guanglong Integrated and 80% of Aojian Microelectronics, enhancing its holdings in the latter from a previously disclosed 76% [1] Group 1: Acquisition Details - The acquisition will result in Guanglong Integrated becoming a wholly-owned subsidiary and Aojian Microelectronics a controlling subsidiary [1] - The company’s stock will resume trading on November 10 [1] - This acquisition is a significant step towards achieving a vertically integrated model that combines research, manufacturing, and sales [1] Group 2: Historical Context - Yintan Zhikong has a clear and solid path from being a leader in electronic component distribution to breaking into the core semiconductor field [2] - Established in 2001 and listed in 2010, the company has strategically focused on semiconductor design and manufacturing since 2019 [2] - Previous acquisitions, including Japan's Pioneer Microtechnology and Shanghai Chipstone Semiconductor, have strengthened its capabilities in chip design and third-generation semiconductor business [2] Group 3: Target Companies Overview - Guanglong Integrated specializes in the R&D, production, and sales of passive optical devices, with applications in critical areas such as 5G and AI [3] - The company has a product matrix that includes optical switches and multiplexers, which align with current industry demands [3] - Aojian Microelectronics focuses on high-performance analog chip design, with products widely used in consumer electronics and automotive sectors, providing synergy with Yintan Zhikong's capabilities [3] Group 4: Industry Context - The semiconductor industry in China is experiencing accelerated consolidation driven by domestic substitution policies and capital market reforms [4] - Recent regulatory support for mergers and acquisitions in the semiconductor sector has created a favorable environment for industry consolidation [4] - The integration of the acquired companies' technologies and capacities is expected to enhance Yintan Zhikong's semiconductor business layout and create substantial long-term value [4]

Core Viewpoint - The article discusses the recent significant asset restructuring plan of Yintan Zhikong, which aims to acquire 100% of Guilin Guanglong Integrated Technology Co., Ltd. and 80% of Shanghai Aojian Microelectronics Technology Co., Ltd. This move is part of the company's strategy to transition from a low-margin electronic component distributor to a high-barrier semiconductor IDM enterprise [1][5][6]. Group 1: Company Overview - Yintan Zhikong's stock surged by 19.96% to 13.7 yuan per share following the announcement of its restructuring plan [1]. - The company has a strong foundation in optical signal conversion, MEMS mirrors, and automotive chip design and manufacturing, while the target companies have deep expertise in optical devices and MEMS technology [3][4]. Group 2: Financial Performance - Yintan Zhikong's revenue for 2022-2024 is projected to be approximately 5.169 billion yuan, 4.958 billion yuan, and 5.346 billion yuan, with corresponding net profits of about 57.49 million yuan, 54.88 million yuan, and 60.27 million yuan [6]. - In the first three quarters of 2025, the company reported revenue of 4.113 billion yuan, a year-on-year increase of 2.4%, but net profit dropped by 43.67% to 26.07 million yuan [6]. Group 3: R&D Investment - The company's R&D expenses surged by 90.06% year-on-year to 68.64 million yuan in Q3 2025, primarily focused on self-developed MEMS micro-mirrors and automotive-grade display chips [6]. Group 4: Acquisition Targets - Guanglong Integrated's main business includes passive optical devices, with 2023 revenue of 71.97 million yuan and a net profit of 17.46 million yuan [7]. - Aojian Microelectronics, established in 2015, reported revenue of only 1.844 million yuan and a net loss of 1.51 million yuan in the first eight months of 2024 [7]. Group 5: Industry Context - The article highlights a trend of active mergers and acquisitions in the semiconductor industry, driven by policy support and the need for scale and technology integration among smaller firms [10][11]. - The semiconductor sector in China is characterized by a large number of small companies, with domestic firms holding only about 10% market share in the analog chip segment [11]. Group 6: Challenges and Strategic Outlook - Despite multiple acquisitions, Yintan Zhikong remains primarily an electronic component distributor, with over 90% of its revenue coming from this segment in Q3 2025 [12]. - The article emphasizes that successful mergers and acquisitions in the semiconductor industry require clear strategic vision and strong integration capabilities, as the sector demands high investment and long cycles [12].

Core Viewpoint - Ying Tang Intelligent Control (300131.SZ) resumed trading with a price increase of 19.96%, reaching 13.70 yuan, following the announcement of a plan to acquire 100% of Guanglong Group's Guanglong Integration and 80% of Aojian Microelectronics [1] Group 1: Acquisition Details - The company plans to acquire 100% equity of Guanglong Integration and 80% equity of Aojian Microelectronics through a combination of issuing shares and cash payments [1] - Guanglong Integration will become a wholly-owned subsidiary, while Aojian Microelectronics will be a controlled subsidiary post-transaction [1] - The issuance price for the shares to be issued for the acquisition is set at 7.38 yuan per share [3] Group 2: Financial Information - Guanglong Integration's projected revenues for 2023, 2024, and the first eight months of 2025 are 71.97 million yuan, 55.24 million yuan, and 48.89 million yuan, respectively, with net profits of 17.46 million yuan, 8.79 million yuan, and 13.99 million yuan [6] - Aojian Microelectronics reported revenues of 18.38 million yuan, 27.13 million yuan, and 18.44 million yuan for the same periods, with net profits of -656,500 yuan, -308,600 yuan, and -1.51 million yuan [7] - Ying Tang Intelligent Control's revenue for 2024 was 5.346 billion yuan, a year-on-year increase of 7.83%, with a net profit of 60.28 million yuan, up 9.84% [8][9] Group 3: Market and Product Synergies - The company expects significant synergies in market, product, and technology with the target companies, leveraging its strong distribution capabilities and customer resources to enhance market penetration for Guanglong Integration and Aojian Microelectronics [6] - The collaboration is anticipated to facilitate technology sharing and complementarity, particularly in optical devices and analog chip design [6]