兆驰股份 20250825 摘要 兆驰股份受美国关税政策影响，电视机 ODM 业务承压，主要因北美市 场订单减少。公司积极应对，加速将生产线转移至越南，以降低关税影 响，预计 2025 年第三季度起利润有望恢复。 兆驰股份在 LED 行业已成为领军企业，通过产业链一体化模式（从蓝宝 石切割到封装和直显模组），实现了接近 20%的净利润率，提升了盈利 能力和抗风险能力。 公司通过电视机 ODM 和 LED 产业链闭环，实现高度一体化生产。进军 光通信领域，利用 LED 芯片技术优势，横向切入磷化铟、砷化镓和氮化 镓等光通信芯片材料，并收购瑞谷通信以补充光器件能力。 兆驰股份光通信业务发展迅速，预计 2025 年营收可达四五亿元，已实 现 100G 以下速率光模块产品的验证和出货。2026 年目标是发展 100G 以上速率产品，提高自有芯片比例，毛利率有望接近 25%。 微软推动基于 Micro LED 技术的光学链技术，可能为数据中心链路传输 带来突破，兆驰股份作为 Micro LED 行业龙头，有望受益于该技术在中 国市场的应用潜力。 Q&A 兆驰股份近期的业绩表现如何？其主要原因是什么？ 兆驰股份在 202 ...

Group 1 - The core point of the article is that Tengjing Technology has decided to terminate the acquisition of 100% of Shenzhen Xuntech Communication Technology Co., Ltd. due to changes in the market environment and difficulties in reaching an agreement among the parties involved [1][3] - Tengjing Technology's actual controller's concerted actors reduced their holdings by nearly 90 million yuan during the period from the announcement of the acquisition to its termination [1][4] - The company stated that the termination of this major asset restructuring will not have a significant adverse impact on its existing production and operational activities or strategic development [1][3] Group 2 - Tengjing Technology initially announced on February 26 that it was planning to acquire control of Xuntech Communication through a combination of issuing shares and cash payments, but the transaction was still in the planning stage and lacked a formal agreement [2][3] - Xuntech Communication is a national high-tech enterprise specializing in the research, production, sales, and service of optical communication products, with a strong focus on high-density packaging technology and optical device integration technology [2] - Following the announcement of the acquisition intention, Tengjing Technology's stock price initially fell sharply but later rebounded [4] Group 3 - The share transfer plan involved a total of 2.587 million shares, accounting for 2.00% of Tengjing Technology's total share capital, with a transfer price set at 34.66 yuan per share [5][6] - The total amount from the share transfer by the concerted actors was approximately 89.665 million yuan [6]

据了解，迅特通信成立于2008年，是一家专注于光互联产品的研发、制造的国家高新技术企业，也是国家专精特新小巨人（重点支 持）。公司依靠自主研发的核心技术，专注于开发高性能、高速率、低功耗的中高端光模块产品，为AI算力中心、云计算中心、5G、电 信传输网络客户提供光互联解决方案。 AI制图 8月7日晚间，腾景科技(688195)发布公告称，决定终止发行股份及支付现金购买资产并募集配套资金事项。 今年2月，公司宣布，拟通过发行股份及支付现金的方式购买深圳市迅特通信技术股份有限公司（下称"迅特通信"）控制权。腾景科 技表示，预计本次交易后部分交易对方将持有上市公司5%以上股份，本次交易预计构成关联交易。本次交易预计重大资产重组，但不会 导致公司实际控制人发生变更，不构成重组上市。 此后，公司更新了收购方案，拟收购迅特通信100%的股份，同时募集配套资金。 但最新公告显示，鉴于交易推进期间，市场环境发生变化，短期内交易各方就交易方案难以达成一致意见，经公司充分审慎研究及与 交易相关方协商，决定终止本次交易并授权管理层办理本次终止相关事宜。 值得一提的是，上述收购是腾景科技2021年上市以来，发起的首次重大资产重组。 ...

Core Viewpoint - Tengjing Technology (688195) has decided to terminate its plan to acquire Shenzhen Xuntech Communication Technology Co., Ltd. due to changes in the market environment and difficulties in reaching an agreement among the parties involved [2][3]. Group 1: Acquisition Details - Initially, Tengjing Technology announced plans to acquire control of Xuntech Communication through a combination of issuing shares and cash payments, which was expected to constitute a significant asset restructuring [2]. - The acquisition was intended to strengthen Tengjing Technology's position in the optical communication sector, as Xuntech specializes in high-performance optical interconnection products [4][5]. - The updated acquisition plan aimed for a 100% stake in Xuntech Communication, along with raising supporting funds [3]. Group 2: Financial Performance - Tengjing Technology has shown stable financial performance since its listing, with revenues of 303 million, 344 million, 340 million, and 446 million yuan from 2021 to 2024, and net profits of 52 million, 58 million, 41 million, and 70 million yuan during the same period [6]. - The company attributes its revenue growth in 2024 to a focus on optical and optoelectronic core businesses, optimization of business and product structures, and improved operational efficiency [6]. - Tengjing Technology is also capitalizing on the growing demand for high-speed optical communication components driven by AI computing needs [7]. Group 3: Future Plans - Following the termination of the acquisition, it remains to be seen what new strategies Tengjing Technology will pursue in the optical communication field [8].

星标 ★ IPO日报 精彩文章第一时间推送 又一家上市公司发布重大资产重组计划。 股权结构方面，启真投资、郑波持有迅特通信的比例分别为39.5680%、5.1745%，启真投资为标的公司第一大股东。此外，公司股东 还包括鹏晨投资、国投创业、中信证券等。 需要指出的是，启真投资的实控人为郑波，后者持股比例达90%。标的公司的现有实控人为郑波。 这意味着，本次交易完成后，郑波及其控股的启真投资，或将入股腾景科技。 公开资料显示，郑波生于1978年，2000年毕业于浙江大学，之后在华为工作了12年，成为当时华为最年轻的省级公司总经理之一。 2012年，郑波从华为辞职后参与创立迅特通信。 近日，腾景科技发布公告称，公司正筹划以发行股份及支付现金的方式购买深圳市迅特通信技术股份有限公司（下称"迅特通信"）控 制权事项。 腾景科技表示，预计本次交易后部分交易对方将持有上市公司5%以上股份，根据《上海证券交易所科创板股票上市规则》相关法规， 本次交易预计构成关联交易。本次交易预计重大资产重组，但不会导致公司实际控制人发生变更，不构成重组上市。 制图：佘诗婕 01 实控人出身华为 据了解，迅特通信成立于2008年，是一家专注 ...