Core Viewpoint - Zhiyang Innovation Technology Co., Ltd. has shifted its strategy from planning to acquire a controlling stake in Shenzhen Lingming Photon Technology Co., Ltd. to making a strategic investment of 300 million yuan in cash, following a month-long suspension of its stock trading [2][3]. Group 1: Investment Details - Zhiyang Innovation signed a Strategic Investment Intent Agreement with Lingming Photon on February 25, planning to invest approximately 300 million yuan, which is expected to give Zhiyang a stake of about 9.09% to 10% in Lingming [3]. - The pre-investment valuation of Lingming Photon is estimated to be between 2.7 billion yuan and 3 billion yuan [3]. Group 2: Strategic Rationale - Lingming Photon is recognized as a high-quality provider of dToF (direct time of flight) sensor chips and system solutions, which aligns with Zhiyang's existing product offerings in industrial models, intelligent perception terminals, and intelligent drones [3]. - The collaboration is expected to create significant synergies in technology, supply chain, and market applications, enhancing Zhiyang's supply chain and R&D capabilities [3]. Group 3: Future Collaboration - The agreement outlines future cooperation in areas such as laser radar research and development, chip module procurement, and applications in intelligent inspection business [3][4]. - The partnership aims to leverage Zhiyang's extensive industrial data to provide tailored training samples for Lingming's dToF chips, facilitating rapid adaptation to specific industrial inspection needs [4]. Group 4: Governance and Control - Following the investment, Zhiyang is expected to become a significant shareholder with over 9% ownership, allowing it to nominate a director candidate and hold veto power over Lingming's overall sale [5][6]. - This arrangement is viewed as a strategic move to maintain influence without the risks associated with high ownership stakes, thus ensuring a prudent governance approach [6]. Group 5: Market Outlook - The initial strategic cooperation period is set for three years, with Lingming Photon projected to double its revenue by 2025, although it is still expected to operate at a loss [6].

来源：光明网-《光明日报》 作者：闫 磊 张文攀 编辑：康晓乔 转自：光明网-《光明日报 编者按新春佳节，谁不期盼着阖家团圆？！可在西部一线，记者看到了这样一群青年：他们主动选择留 在工作岗位上，让"忙碌"和"充实"成为节日主旋律。他们说，只有机器正常运转，才有万家和乐、户户 平安；只有当代青年多挑重担，才有国富民强、河清海晏。走，随我们一起去听听他们的心声。宁夏 "智慧巡检"守护万家灯火光明日报记者 闫 磊 张文攀"1号无人机请求起飞！""允许起飞，开始巡检。"宁 夏±800千伏灵州换流站主控室内，3个机巢监视画面同时亮起绿灯，无人机的嗡鸣声响了起来。"欢欢喜 喜过大年，电力不能'掉链子'！我们的巡检必须仔细、仔细，再仔细。"刘书吉凝视着大屏幕上实时传 回的数据，对记者说。这位2013年从河南理工大学毕业的硕士生，如今已是这座特高压换流站的技术骨 干。他告诉记者，这里是宁夏"西电东送"重要通道——灵绍直流输电工程的起点。"全年送电量超过560 亿千瓦时，相当于浙江全社会用电量的十分之一！"说话间，一条银光闪闪的机器狗吸引了记者。它正 根据技术员的指令，稳稳迈开4条"腿"，走进设备区去执行电晕检测任务！"这是 ...