Shenzhen Yitoa Intelligent Control Co., Ltd. (300131) has made another move to enhance its chip business through acquisitions.
On the evening of October 26, the company announced that it will acquire Guilin Guanglong Integrated Technology Co., Ltd. (hereinafter referred to as "Guanglong Integrated") and Shanghai Aojian Microelectronics Technology Co., Ltd. (hereinafter referred to as "Aojian Microelectronics"). Trading of the company's stock will be halted starting October 27, 2025.
Notably, Guanglong Integrated is a subsidiary of Guilin Guanglong Technology Group Co., Ltd. ("Guanglong Technology"), which once planned to list on the STAR Market but canceled its IPO in 2022. The other target, Aojian Microelectronics, is an associate enterprise of the storage chip giant Zhaoyi Innovation and specializes in high-performance analog and mixed-signal chips.
According to the progress of the transaction, on October 24, 2025, Shenzhen Yitoa signed a Letter of Intent for Asset Purchase with Guanglong Technology, the controlling shareholder of Guanglong Integrated, agreeing to acquire 100% of Guanglong Integrated's equity through the issuance of shares and cash payments, along with raising supporting funds. Additionally, Shenzhen Yitoa has signed a similar Letter of Intent for Asset Purchase with several entities holding a combined 76% stake in Aojian Microelectronics, agreeing to acquire the same 76% equity in the same manner.
The final transaction price for the relevant equity of the targets will be based on an assessment report from a registered evaluation agency in compliance with securities regulations, to be negotiated by the parties involved. The agreements mentioned are preliminary intentions, and the specific terms will be defined in formal agreements to be signed separately.
Guanglong Integrated has a registered capital of 50 million yuan, with Chen Chunming as its legal representative. Its business scope includes AI application software development, quantum computing technology services, photonic device manufacturing and sales, optical communication equipment sales, and semiconductor special equipment manufacturing and sales.
As the controlling shareholder of Guanglong Integrated, Guanglong Technology was established in 2001 with a registration capital of 65 million yuan and operates as a high-tech enterprise involved in R&D, production, and sales of high-end semiconductor laser chips and components. The company focuses on creating a semiconductor manufacturing process platform, possessing leading technologies such as MOCVD epitaxial growth and quantum nano technology, along with a competitive edge in 3-inch holographic exposure grating manufacturing processes. It was recognized as a national "Little Giant" enterprise for specialization and innovation in 2021.
Financial data shows that Guanglong Technology reported revenues of 175 million yuan, 192 million yuan, and 273 million yuan in 2018, 2019, and 2020 respectively, with corresponding net profits of -5.59 million yuan, -16.41 million yuan, and 7.59 million yuan. Although the company’s application for STAR Market listing was accepted in 2021, it withdrew the application on August 19, 2022.
The other acquisition target, Aojian Microelectronics, is a joint venture of Zhaoyi Innovation, with Gao Zhiyu as its legal representative and a registered capital of 10.526316 million yuan. Established in 2015, it focuses on the development and design of high-performance analog and mixed-signal chips, with founding team members hailing from globally renowned chip design firms. Its products are widely used in communication base stations, servers, medical devices, industrial applications, wearables, and high-end lighting.
According to Zhaoyi Innovation's Q3 2020 report, it invested 10 million yuan in Aojian Microelectronics, holding a 20% stake and appointing a director to exert significant influence. Subsequent reports showed that its wholly-owned subsidiary, Shenzhen Bund Technology Development Co., Ltd., holds a 19% stake in Aojian Microelectronics, although the investment is considered insignificant as it represents less than 10% of the total assets of the listed company. The two firms reported associated transactions of 157,600 yuan during the reporting period, nearly a 25% decline from the previous year.
As an electronic component distributor, Shenzhen Yitoa has been establishing an extensive presence in MEMS micro-mirrors, vehicle display products (DDIC and TDDI), and creating a vertically integrated semiconductor IDM enterprise focused on electronic component channel distribution, semiconductor design, and manufacturing. In the first half of this year, Shenzhen Yitoa's revenue from chip design and manufacturing reached 213 million yuan, up 24.57% year-on-year, accounting for 8.06% of its total revenue—a rise of 1.36 percentage points compared to the same period last year.