10月29日晚间，英唐智控（300131）发布2025年三季报。公司前三季度实现营收41.13亿元，同比增长 2.4%；受研发与技术创新投入增加影响，前三季度归母净利润为2607万元。 英唐智控是国内电子元器件分销领域的头部企业，主营业务涵盖电子元器件分销、芯片设计制造及软件 研发销售等。近年来，公司依托"分销+芯片"双轮驱动战略，成功实现从传统分销商向半导体IDM(垂直 整合制造)企业的跨越式转型。 当前，MEMS微振镜行业正迎来旺盛需求红利期。机器人市场需求的持续攀升，带动激光雷达企业订单 大幅增长。作为机器人的核心部件，激光雷达是实现定位、导航、避障等关键功能的核心支撑，而 MEMS微振镜作为激光雷达的重要组成部分，其市场需求随下游行业发展同步扩容。 国金证券表示，激光雷达与RGB相机融合的超级传感器，有望成为"机器人之眼"的终极方案。在此背景 下，英唐微技术凭借多规格产品矩阵与批量生产能力，能够精准匹配多领域市场需求，具备充分把握行 业增长红利、抢占市场份额的潜力。 在显示驱动芯片领域，英唐智控首款DDIC、TDDI产品订单主要来自屏幕厂商，均已实现批量交付且订 单情况稳定，目前已交付国内车企的8.4 ...

Core Viewpoint - The company, Yintan Zhikong, reported a steady revenue growth of 2.4% year-on-year, reaching 4.113 billion yuan in the first three quarters of 2025, while net profit attributable to shareholders was 26.07 million yuan due to increased R&D and technological innovation investments [1] Group 1: Company Overview - Yintan Zhikong is a leading player in the domestic electronic components distribution sector, with a business scope that includes electronic component distribution, chip design and manufacturing, and software R&D and sales [1] - The company has successfully transformed from a traditional distributor to a semiconductor IDM (Integrated Device Manufacturer) through its "distribution + chip" dual-drive strategy [1] - With nearly 30 years of experience in electronic distribution, the company has established a comprehensive distribution network across various industries, including automotive, PC/server, mobile phones, home appliances, public facilities, and industrial sectors [1] Group 2: Market Potential - The electronic components industry is experiencing growth due to the recovery in traditional sectors like consumer electronics and automotive electronics, alongside the rise of emerging fields such as 5G, IoT, and new energy [2] - The Chinese electronic components market is projected to reach 19.86 trillion yuan by 2025, with the integrated circuit sector expected to account for 8.2 trillion yuan, representing 41% of the market [2] Group 3: Product Development - The company's subsidiary, Yintan Micro Technology, has made significant breakthroughs in the MEMS micro-mirror sector, achieving competitive specifications comparable to international standards [2] - The MEMS micro-mirror products cover various specifications and applications, including laser projection, AR/VR, automotive HUD, and laser radar, with successful commercialization of core specifications [3] - The MEMS micro-mirror is a critical component in laser radar systems, which are essential for robotics, positioning, navigation, and obstacle avoidance, indicating a strong market demand [3] Group 4: Strategic Initiatives - In the display driver chip sector, the company has successfully delivered its first DDIC and TDDI products to screen manufacturers, with stable order conditions [4] - The company is accelerating the development of improved versions of DDIC and TDDI to meet the growing demand for larger, multi-screen, and high-definition displays in the automotive sector [4] - Yintan Zhikong plans to expand its presence in the consumer electronics market, focusing on tablets and laptops, through deep collaboration with downstream manufacturers [5] Group 5: Future Outlook - The company is well-positioned to benefit from the favorable semiconductor market conditions, including rising prices for memory chips and opportunities for domestic substitution [6] - With ongoing support for the domestic semiconductor industry and continuous optimization of supply chain management, the company aims to enhance its core product competitiveness and improve profitability [6] - These positive developments are expected to provide strong momentum for the company's long-term growth and instill greater confidence in the domestic semiconductor industry's self-sufficiency [6]

Core Viewpoint - The company, Ying Tang Zhi Kong, is planning to acquire two semiconductor companies to transform from an electronic component distributor to a semiconductor IDM enterprise, amid ongoing pressure on its financial performance [1][3][11]. Group 1: Acquisition Plans - On October 26, Ying Tang Zhi Kong announced a suspension of trading as it plans to acquire Guanglin Guanglong Integrated Technology Co., Ltd. and Shanghai Aojian Microelectronics Technology Co., Ltd. through share issuance and cash payments [3][4]. - The company has signed a letter of intent with Guanglong Technology, the parent company of Guanglong Integrated, and with several partners holding 76% of Aojian Microelectronics [3][4]. - The acquisition of Guanglong Integrated and Aojian Microelectronics aims to enhance the company's semiconductor business, which has been a focus since its previous attempts to acquire semiconductor assets [1][3][6]. Group 2: Financial Performance - Ying Tang Zhi Kong has faced declining profits, with a net profit of 0.31 billion yuan in the first half of 2025, down 14.12% year-on-year [1][9]. - The company's revenue has fluctuated over the past three years, with figures of 5.169 billion yuan, 4.958 billion yuan, and 5.346 billion yuan, indicating ongoing challenges in achieving stable growth [8][9]. - Since its listing in 2010, the company has not distributed cash dividends since 2019, reflecting its financial struggles [2][10]. Group 3: Market Reaction - Following the announcement of the acquisition plans, Ying Tang Zhi Kong's stock price surged by 9.91% on October 24, indicating positive market sentiment towards the potential acquisitions [1][4]. - There are concerns among investors regarding possible insider trading due to the stock price movement prior to the public announcement of the acquisition [5].

Core Viewpoint - Shenzhen Yingtang Intelligent Control Co., Ltd. (Yingtang Zhikong) announced a suspension of trading as it plans to acquire stakes in two semiconductor companies, aiming to enhance its semiconductor business and overall competitiveness [1][2][3] Group 1: Acquisition Details - Yingtang Zhikong intends to acquire 100% equity of Guilin Guanglong Integrated Technology Co., Ltd. and 76% equity of Shanghai Aojian Microelectronics Technology Co., Ltd. [1][2] - Guilin Guanglong was established in 2018 with a registered capital of 50 million yuan, focusing on AI application software development and optoelectronic device manufacturing [1] - Shanghai Aojian, founded in 2015 with a registered capital of approximately 10.53 million yuan, specializes in high-performance analog and mixed-signal chip design, with applications in communication base stations and servers [2] Group 2: Financial Performance and Market Activity - Prior to the suspension, Yingtang Zhikong's stock price was active, closing at 11.42 yuan per share on October 24, with a 9.91% increase and a trading volume of 1.501 billion yuan [2] - The company's total market capitalization is approximately 12.96 billion yuan [2] Group 3: Strategic Direction - Yingtang Zhikong aims to accelerate its semiconductor business through acquisitions, transitioning from an electronic component distributor to a semiconductor IDM (Integrated Device Manufacturer) [3] - The company reported a revenue of 213 million yuan from its chip design and manufacturing business in the first half of 2025, a year-on-year increase of 24.57%, accounting for 8.06% of total revenue [3] - R&D investment has significantly increased, with 99.45 million yuan in 2024 (up 155.99%) and 56.37 million yuan in the first half of 2025 (up 61.83%), with R&D personnel making up 31.85% of the workforce [3]

Core Viewpoint - YingTang Intelligent Control has achieved a breakthrough in the optical sector with its self-developed "Chinese chip" MEMS micro-mirror, reshaping the global competitive landscape [1] Group 1: Product Features - The optical MEMS Mirror utilizes electromagnetic drive and dual-axis independent control technology, requiring only 3V voltage to achieve a super wide field of view (FOV) of 30×25° [1] - The mirror has a gold-plated reflectivity of 97%, a low power consumption of 136mW, and crosstalk below 0.1%, with core parameters on par with international top standards [1] - The product is available in multiple specifications including 1mm, 1.6mm, 4mm, and 8mm, covering strategic emerging scenarios such as laser projection, AR/VR, automotive HUD, and LiDAR [1] Group 2: Market Position and Applications - The 4mm specification has successfully entered the supply chain of LiDAR companies, achieving mass delivery in industrial scenarios [1] - The 1mm specification, with low crosstalk and low power consumption (less than 100mW), has created a module smaller than 0.5cm³, breaking the monopoly of American DLP technology and accelerating its application in automotive projection [1] Group 3: Competitive Advantage - YingTang Intelligent Control leverages its IDM full industry chain layout and core patent pool to establish significant cost advantages and improve delivery efficiency, with an annual planned production capacity reaching KK level and a 50% reduction in delivery cycle [1] - The "Chinese chip" is driving competitive advantages in end products such as smart driving, robotics, and laser projection, showcasing a new height of Chinese optics to the world [1]

证券日报网讯 英唐智控9月29日在互动平台回答投资者提问时表示，公司MEMS微振镜已正式进入批量 生产阶段，产能方面，前端CMOS工艺（由硅片切割至镜片）、后端MEMS工艺（自动化封装测试）在 一定时期内能满足订单需求。公司的MEMS微振镜可以应用于车载激光雷达、工业、机器人、无人机、 医疗器械等领域，目前已在工业领域获得了批量订单。 （编辑 袁冠琳） ...

格隆汇9月29日丨英唐智控(300131.SZ)在投资者互动平台表示，公司MEMS微振镜已正式进入批量生产 阶段，产能方面，前端CMOS工艺(由硅片切割至镜片)、后端MEMS工艺(自动化封装测试)在一定时期 内能满足订单需求。公司的MEMS微振镜可以应用于车载激光雷达、工业、机器人、无人机、医疗器械 等领域，目前已在工业领域获得了批量订单。 ...

英唐智控（300131.SZ）9月29日在投资者互动平台表示，公司MEMS微振镜已正式进入批量生产阶段， 产能方面，前端CMOS工艺（由硅片切割至镜片）、后端MEMS工艺（自动化封装测试）在一定时期内 能满足订单需求。公司的MEMS微振镜可以应用于车载激光雷达、工业、机器人、无人机、医疗器械等 领域，目前已在工业领域获得了批量订单。 （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：请问公司满产的情况下年生产多少微振镜？请问公司 的微振镜多少钱一个？请问公司现在的微振镜主要用于什么地方？ ...

格隆汇9月29日丨英唐智控(300131.SZ)在投资者互动平台表示，公司MEMS微振镜可以用于激光雷达。 ...

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]