（文章来源：证券日报） 证券日报网讯英唐智控11月17日在互动平台回答投资者提问时表示，公司代理产品线中包含存储类芯 片，涵盖DRAM、NANDflash、NORFLASH、EMMC和SSD等多种存储器件，代理品牌包括佰维、时 创意、晶存、东芯、芯天下等。公司自研芯片（MEMS微振镜、车载显示芯片）均已进入市场化阶段， 改进型版本也在按预定研发计划加速推进中。 ...

Core Viewpoint - The company has successfully introduced automotive display chip business into several leading screen manufacturers and achieved mass production of the first automotive-grade TDDI/DDIC [2] Group 1: Automotive Display Chips - The company has successfully implemented automotive display chip business with multiple leading screen manufacturers [2] - The improved versions of DDIC and TDDI have performed excellently in various tests [2] - The company is focusing on the automotive sector while also making progress in the development of OLED DDIC products for consumer electronics, with mass production expected before Q1 2026 [2] Group 2: R&D Investment - The company's operating conditions are stable, with R&D expenses increasing by 90.06% year-on-year in the first three quarters, primarily to enhance display chip investments [2] - Key investments include recruiting talent to build a high-quality R&D team and increasing funding for technology and project validation [2] - Continuous investment is necessary for technical accumulation, despite short-term impacts on profit scale, as it lays a solid foundation for long-term performance growth [2] Group 3: MEMS Micro-Mirror Products - The company's MEMS micro-mirror products cover diameter specifications of 4mm, 1mm, 1.6mm, and 8mm, with the 4mm specification already on the market [2] - The company is focusing on customers in the automotive LiDAR and laser projection fields, currently securing NRE contracts with leading clients for smart transportation LiDAR, mobile, and automotive applications [2] - Custom R&D work is being conducted for these key clients [2]

Group 1: Company Overview and Business Strategy - The main business of Ying Tang Intelligent Control includes electronic component distribution, chip design and manufacturing, and software R&D and sales [2][3] - The company aims to integrate its own R&D capabilities with overseas products and technologies to better meet domestic market demands and shorten product launch cycles [3] Group 2: Acquisition Details - The two targeted companies for acquisition, Guanglong Integrated Technology and Aojian Microelectronics, have strong technical and market synergies with Ying Tang [3][4] - Guanglong Integrated has a comprehensive product line including optical switches and optical protection modules, and is a leading player in the optical switch market [4] - Aojian Microelectronics specializes in power management analog chips and temperature sensors, with significant applications in consumer electronics and communication sectors [5] Group 3: Market Demand and Growth Potential - The demand for optical switches is expected to grow rapidly due to the surge in high-end computing needs driven by generative AI and cloud computing [4] - Aojian Microelectronics anticipates rapid business growth due to the vast market demand for its analog chips [5] Group 4: Product Development and Orders - The company has received significant orders for its MEMS micro-mirror products, particularly in the automotive LiDAR and laser projection sectors [6][7] - The company has successfully launched its first automotive-grade TDDI/DDIC chips and is making progress in OLED DDIC products, with mass production expected by Q1 2026 [7] Group 5: Financial Performance and R&D Investment - The storage chip business has seen rapid growth compared to the previous year, with a diverse range of products including DRAM and NAND flash [9] - R&D expenses increased by 90.06% year-on-year, primarily focused on display chip development, which is expected to strengthen the company's long-term performance [10]

Core Viewpoint - The company reported steady growth in its automotive chip distribution business and an increase in sales of vehicle display chips in the chip design and manufacturing sector during the first three quarters of the year, indicating a focus on deepening its presence in the display chip field and increasing R&D investment for future performance growth [1] Group 1 - The automotive chip distribution business has shown stable development [1] - Sales of vehicle display chips have increased compared to the same period last year [1] - The company plans to enhance R&D investment to support future growth [1]

Core Viewpoint - The company, Yintang Zhikong (300131.SZ), has achieved mass delivery in the automotive display chip sector, positioning itself at the forefront of domestic production replacement in this field [1] Group 1: Company Developments - Yintang Zhikong has successfully reached the stage of mass delivery for automotive display chips [1] - The company is one of the few domestic enterprises capable of large-scale production of this product [1] - The company is leading the way in the localization and replacement of automotive display chips in China [1]

Core Viewpoint - The company, Ying Tang Zhi Kong (300131.SZ), has achieved mass delivery in the automotive display chip sector, positioning itself at the forefront of domestic production capabilities for this product in China [1] Group 1 - The company has successfully transitioned to mass production of automotive display chips [1] - There are few domestic companies in China that possess the capability for large-scale production of automotive display chips [1] - The company is leading the way in the localization and replacement of automotive display chips in the market [1]

Core Viewpoint - The company has successfully achieved mass production and delivery of its MEMS micro-mirror products, particularly in the industrial sector, and is expanding its automotive display chip business with mainstream screen manufacturers both domestically and internationally [2] Group 1: MEMS Micro-Mirror Products - The MEMS micro-mirror products have entered mass production as of June this year, following sample deliveries to multiple clients across various sectors including industrial, lidar manufacturers, automotive, and medical [2] - The company has received bulk orders from industrial clients for its MEMS micro-mirror products, which were initially sampled to clients in March [2] - The company offers four different specifications of two-axis electromagnetic driven MEMS micro-mirror products: 1mm, 1.6mm (in development), 4mm, and 8mm [2] Group 2: Automotive Display Chip Business - The automotive display chip products have achieved mass production and delivery with several mainstream screen manufacturers both in China and overseas [2] - The 1mm MEMS micro-mirror is utilized in various automotive applications such as HUD (Head-Up Display), DGP (Dynamic Welcome Light), DIP (In-Car Projection), DBSW (Safety Warning), HD, and ADB (Adaptive Driving Beam) [2]

证券日报网讯英唐智控9月15日在互动平台回答投资者提问时表示，公司MEMS微振镜产品已实现批量 出货，并率先在工业领域客户中完成批量交付与应用。关于车载显示芯片业务，公司产品已在国内及海 外多家主流屏幕厂商中实现量产交付，具体客户名称及合作车型暂不便对外披露，公司将持续推动相关 产品的市场拓展与技术迭代。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the news is that a well-known private equity firm, Huansheng Quantitative, has conducted research on a listed company, Huicheng Co., which has shown significant growth in revenue and profit in the first half of the year [1] - Huicheng Co. reported a year-on-year revenue growth of 28.58%, reaching 866 million yuan, and a net profit attributable to shareholders growth of 60.94%, amounting to 96.04 million yuan [1] - The revenue share of MOLED products increased from less than 20% in 2024 to over 25% in the first half of 2025, with its packaging and testing gross margin higher than other products and the company's average [1] - The electronic price tag IC packaging and testing business accounted for over 10% of revenue in the first half of 2025, contributing positively to the company's profitability [1] - The automotive display chip project is currently in the construction phase, with equipment expected to be in place by early 2026, while 2025 will focus on customer validation without significant performance contributions [1] - New business initiatives are still in the planning stage, and the company aims to actively promote related progress [1] Group 2 - Huansheng Quantitative, also known as Jiu Zhang Asset, is a hedge fund company that relies on mathematics and computer science for quantitative investment, founded in 2008 [2] - The company is a leader in financial derivatives trading and design in China, known for its innovative research and practices in quantitative hedging [2] - Huansheng Quantitative maintains high legal and ethical standards, leveraging science and technology to explore innovative research that is often unimaginable to others [2] - The team consists of top talents from various fields, including early quantitative traders, award-winning professionals, and experts in artificial intelligence and big data [2] - The firm aims to become a world-class quantitative investment company and promote the healthy development of quantitative hedge funds in China [2]

Group 1 - The stock price of Yintan Intelligent Control was reported at 9.13 yuan, down 0.44 yuan or 4.60% from the previous trading day [1] - The company focuses on electronic component distribution and semiconductor chip research and development, with a strategic shift towards becoming a semiconductor IDM enterprise [1][2] - In the first half of 2025, the company achieved operating revenue of 2.639 billion yuan, a year-on-year increase of 3.52%, with the chip design and manufacturing segment revenue reaching 213 million yuan [1] Group 2 - The gross margin for the chip design and manufacturing segment increased by 2.05 percentage points to 21.23% [1] - The company invested 56.37 million yuan in R&D during the first half of 2025, a year-on-year increase of 61.83%, focusing on MEMS mirrors and automotive display chip projects [1] - Yintan Intelligent Control has established a multi-specification product matrix in the MEMS mirror business and has received bulk orders in the industrial sector [2]