英唐智控（300131.SZ）12月9日在投资者互动平台表示，公司拟并购标的桂林光隆集成科技有限公司主 要产品包括光开关、光保护模块、光衰减器、波分复用器、环形器等光学器件和OCS光路交换机等。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：光隔离器缺口持续扩大，年初至今涨幅已经超过50%， 我公司拟收购的桂林光隆集成官网显示有光隔离器相关产品和法拉第光学元器件相关产品，请问是否属 实？ ...

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 company intends to acquire 100% equity of Guanglong Group's Guanglong Integration and 80% equity of Aojian Microelectronics through a combination of share issuance and cash payment, aiming to enhance its market position and operational capabilities [1][2] Group 1: Acquisition Details - The acquisition will result in Guanglong Integration becoming a wholly-owned subsidiary and Aojian Microelectronics becoming a controlling subsidiary of the company [1] - Guanglong Integration specializes in the research, production, and sales of passive optical devices, including optical switches and optical protection modules, with applications in optical network protection and data centers [1] - Aojian Microelectronics focuses on high-performance analog chip design, particularly in power management and signal chain chips, serving sectors like consumer electronics and automotive electronics [1] Group 2: Strategic Synergies - The company identifies significant market, product, and technology synergies with the target companies, leveraging its strong distribution capabilities and rich customer resources to accelerate market penetration for the acquired firms [2] - The company has deep expertise in optical signal conversion and automotive-grade chip design, which complements Guanglong Integration's optical devices and Aojian Microelectronics' analog chip design [2] - The transaction is expected to broaden the company's industrial layout, open new business growth avenues, and enhance overall competitiveness and sustainable development capabilities [2] Group 3: Financial Considerations - To facilitate the transaction and enhance financial strength, the company plans to raise supporting funds through the issuance of shares to no more than 35 specific investors [1][2] - The acquisition is anticipated to increase the company's business scale and profitability, thereby improving overall operational performance and safeguarding the interests of shareholders [2]

Core Viewpoint - The global data traffic is experiencing explosive growth due to the proliferation of the internet, cloud computing, and streaming services, leading to increased demand for bandwidth in data center interconnections. Traditional Ethernet connection technologies are struggling to meet this demand, while Wavelength Division Multiplexing (WDM) technology offers an effective solution. The market for WDM devices, particularly wavelength division multiplexers, is expected to grow significantly, reaching $4.85 billion in 2024 and projected to increase to $6.6 billion by 2029 [1][8]. Wavelength Division Multiplexer Industry Overview - Wavelength Division Multiplexers (WDM) are critical optical components in fiber optic communication systems, allowing multiple wavelengths of light to be transmitted simultaneously over a single fiber, thus enhancing transmission capacity and reducing costs [3][4]. - The WDM technology includes Coarse Wavelength Division Multiplexing (CWDM) and Dense Wavelength Division Multiplexing (DWDM), which are essential for high-capacity data transmission in metropolitan area networks [4][5]. Industry Chain of Wavelength Division Multiplexers - The industry chain consists of upstream suppliers of raw materials and core components, midstream manufacturers producing WDM devices, and downstream applications in telecommunications, data centers, and metropolitan networks [6]. - The demand for WDM technology is driven by the increasing need for high-speed and reliable internet connections, particularly with the rise of mobile devices and the expansion of 5G and IoT technologies [6][7]. Market Size and Growth - The global WDM market is projected to reach $4.85 billion in 2024, with a growth forecast to $6.6 billion by 2029, reflecting the increasing data traffic demands [1][8]. - In China, the WDM market is expected to reach 1.67 billion yuan in 2024, with a year-on-year increase of 7.8% [9]. Competitive Landscape - The Chinese WDM market is primarily dominated by domestic companies such as Huawei and ZTE, which are enhancing their market share through technological innovation and expansion. International players like Ciena and Cisco are also active in the market, particularly in high-end segments [9][10]. Industry Development Trends - The industry is moving towards higher density and larger capacity solutions, enabling more wavelength channels to be transmitted over a single fiber, thus improving efficiency [13]. - There is a focus on reducing energy consumption and costs through advanced manufacturing processes and smart energy-saving technologies [14]. - The application of WDM technology is expanding beyond traditional telecommunications into emerging markets such as industrial automation and smart homes, increasing demand for reliable and secure communication networks [15].