On January 10, Gelonghui reported that Tianfeng's Research Reports pointed out that Nairui Radar (688522.SH) intends to acquire 100% equity of Sigma Microelectronics to improve its integrated layout of phased array Radar. The expected new Orders in 2025 are more optimistic under the backdrop of further fiscal easing. At the same time, the company plans to acquire an upstream optoelectronic Sensors design company, starting to lay out a more integrated and capable optoelectronic integrated phased array Radar, which is expected to penetrate more application scenarios and strengthen the company's leading advantage in civil fields such as meteorology and Water Conservancy, potentially becoming a Radar platform enterprise in China. The rating is maintained as "Buy".