Core Viewpoint - The company, Guangdong Aodiwei Sensor Technology Co., Ltd., is initiating a secondary listing in Hong Kong to leverage capital market opportunities in the rapidly growing smart sensor industry, which is essential for industrial intelligence driven by 5G and AIoT technologies [1]. Company Overview - Aodiwei is a provider of smart sensing and precision execution solutions, with a business focus on smart home, smart automotive, smart terminals, and smart manufacturing sectors [2]. - The company employs an IDM (Integrated Device Manufacturing) model, achieving vertical integration from sensitive materials to precision manufacturing, thereby establishing a self-controlled technology chain [2]. - Aodiwei ranks prominently in various market statistics, being the second in smart home sensor revenue in China and third globally in automotive ultrasonic sensor shipments [2]. Financial Performance - Aodiwei's revenue has shown robust growth, with figures of 378 million RMB in 2022, 467 million RMB in 2023, and projected 617 million RMB in 2024, reflecting a compound annual growth rate (CAGR) of 27.8% [2]. - The revenue breakdown indicates that smart home solutions contributed 200 million RMB in 2022, increasing to 343 million RMB by 2024, while smart automotive solutions grew from 162 million RMB to 256 million RMB in the same period [4]. - The company's gross margin fluctuated, recorded at 34.9% in 2022, 38.0% in 2023, and 34.8% in 2024, influenced by increased competition in the automotive supply chain [5]. Market Outlook - The global sensor market is projected to grow from approximately $189.1 billion in 2020 to $237.1 billion by 2024, with a CAGR of about 5.8%, while the Chinese market is expected to grow from 292.9 billion RMB to 398.3 billion RMB, with a CAGR of 8.0% [6]. - In the smart home sector, the market for sensors and actuators is anticipated to reach approximately $230 billion and $459 billion globally by 2024, with corresponding figures for China at 449 billion RMB and 865 billion RMB [8]. - The automotive sector is also significant, with the market for automotive sensors and actuators projected to reach approximately $457 billion and $406 billion globally by 2024, and 895 billion RMB and 867 billion RMB in China [9]. Competitive Landscape - The sensor market is characterized by intense competition and is highly fragmented, with the top five sensor suppliers in China holding only about 5.4% market share [9]. - Aodiwei, while ranked fifth in the industry, has a market share of only 0.1%, indicating the competitive challenges it faces [9]. Strategic Positioning - Aodiwei's secondary listing in Hong Kong is a strategic move to strengthen its market position and enhance its technological research and development capabilities, aiming to capitalize on structural opportunities presented by the AIoT wave [10]. - The company must navigate the balance between scaling operations and maintaining technological leadership to convert its accumulated technological advantages into sustainable profitability and long-term value [10].

Core Viewpoint - The company, Guangdong Aodiwei Sensor Technology Co., Ltd., is initiating a secondary listing in Hong Kong to leverage capital market opportunities in the rapidly growing smart sensor industry, which is foundational to industrial intelligence driven by 5G and AIoT technologies [1] Company Overview - Aodiwei specializes in smart sensors and precision execution solutions, covering sectors such as smart home, smart automotive, smart terminals, and smart manufacturing [2] - The company employs an IDM (Integrated Device Manufacturing) model, achieving vertical integration from sensitive materials to precision manufacturing, establishing a self-controlled technology chain [2] - Aodiwei ranks prominently in various market statistics, being the second in smart home sensor revenue in China and third globally in automotive ultrasonic sensor shipments [2] Financial Performance - Aodiwei's revenue has shown robust growth, with figures of 378 million RMB in 2022, 467 million RMB in 2023, and projected 617 million RMB in 2024, reflecting a compound annual growth rate (CAGR) of 27.8% [2] - The revenue structure indicates that smart home solutions contributed the largest share, increasing from 200 million RMB in 2022 to 344 million RMB in 2024, while smart automotive solutions also grew from 162 million RMB to 256 million RMB during the same period [4] - The company's gross margin fluctuated, recorded at 34.9% in 2022, 38.0% in 2023, and 34.8% in 2024, influenced by intensified competition in the domestic automotive supply chain [5] Market Outlook - The global sensor market is projected to grow from approximately 189.1 billion USD in 2020 to 237.1 billion USD by 2024, with a CAGR of about 5.8%, while the Chinese market is expected to grow from 292.9 billion RMB to 398.3 billion RMB, with a CAGR of 8.0% [6] - In the smart home sector, the market for sensors and actuators is anticipated to reach around 230 billion USD and 459 billion USD globally by 2024, with significant growth expected in China as well [8] - The automotive sector is also a key market, with the global market for automotive sensors projected to reach approximately 457 billion USD by 2024, reflecting a CAGR of about 6.2% [9] Competitive Landscape - The sensor market is characterized by intense competition and is highly fragmented, with the top five sensor suppliers in China holding only about 5.4% market share [9] - Aodiwei, while ranked fifth in the industry, has a market share of only 0.1%, indicating the competitive challenges it faces [9] Strategic Initiatives - The company's secondary listing in Hong Kong is a strategic move to strengthen its market position and enhance its technological research and development capabilities, aiming to capitalize on structural opportunities presented by the AIoT wave [10] - Aodiwei's ability to convert its technological advancements and market position into sustainable profitability and long-term value will be crucial for success in the competitive sensor market [10]

Core Viewpoint - Audiwei plans to invest approximately $54.8 million in a new factory for smart sensors and actuators in Malaysia, aiming to optimize global capacity and supply chain structure while enhancing overseas business stability and operational efficiency [1][2]. Group 1: Investment Details - The investment will be made through a wholly-owned subsidiary and is expected to cover research, design, production, and sales of smart sensors and actuators [2][3]. - The total investment is approximately $54.8 million, sourced from the company's own or self-raised funds, and will be allocated for property, factory, equipment purchases, working capital, and initial production materials [2][3]. - The construction period for the project is estimated to be four years, with progress dependent on actual construction conditions [2][3]. Group 2: Decision Process - The investment does not constitute a major asset restructuring, as it accounts for 32.71% of the audited total assets and 38.54% of net assets for 2024, below the threshold for major asset restructuring [3]. - The board of directors approved the investment with a unanimous vote, and it does not require shareholder approval [3]. Group 3: Strategic Implications - The investment is aligned with the company's long-term development strategy, aiming to enhance global competitiveness and improve responsiveness to international market demands [4]. - Establishing a factory in Malaysia is expected to support the growing overseas business and optimize the global supply chain, potentially reducing costs and improving service capabilities [4].

国联民生证券承销保荐有限公司 关于广东奥迪威传感科技股份有限公司 预计2026年日常性关联交易的核查意见 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为广东奥迪威传 感科技股份有限公司（以下简称"奥迪威"或"公司"）向不特定合格投资者公 开发行股票并在北京证券交易所上市的保荐机构，根据《证券发行上市保荐业 务管理办法》《北京证券交易所上市公司持续监管办法（试行）》《北京证券 交易所证券发行上市保荐业务管理细则》《北京证券交易所股票上市规则》等相 关法律、法规和规范性文件的规定，对奥迪威预计2026年日常性关联交易的事 项进行核查，具体核查情况如下： 一、2026年日常性关联交易预计情况 （一）2026年日常性关联交易预计基本情况 根据公司与关联方的日常性业务往来情况，公司预计2026年日常性关联交易 总额为2,200万元，具体交易事项如下： 单位：元 | | 主要交易内 | 预计2026年发生 | 2025年与关联方实际 | 预计金额与上年实 | | --- | --- | --- | --- | --- | | 关联交易类别 | | | 发生金额（2025年1 | 际发生金额差异较 | | | 容 ...

国联民生证券承销保荐有限公司 关于广东奥迪威传感科技股份有限公司 对外投资暨关联交易的核查意见 国联民生证券承销保荐有限公司（以下简称"保荐机构"）作为广东奥 迪威传感科技股份有限公司（以下简称"奥迪威"或"公司"）向不特定合 格投资者公开发行股票并在北京证券交易所上市的保荐机构，根据《证券发 行上市保荐业务管理办法》《北京证券交易所上市公司持续监管办法（试行） 》《北京证券交易所证券发行上市保荐业务管理细则》《北京证券交易所股 票上市规则》等相关法律、法规和规范性文件的规定，对奥迪威对外投资暨 关联交易事项进行了审慎核查，核查情况及意见如下： 一、对外投资概述 （三）是否构成关联交易 本次交易构成关联交易。 （四）决策与审议程序 2025年12月8日，公司召开第四届董事会第二十一次会议，审议通过《 关于对外投资暨关联交易的议案》，关联董事张曙光、黄海涛回避了本次表 决。本议案在公司董事会审议前，已经公司第四届董事会审计委员会第十二 次会议、第四届董事会独立董事专门会议第十一次会议审议通过。 （一）基本概况 因业务发展需要，奥迪威拟以现金方式向奥感微（广州）科技有限公司 （以下简称"奥感微"）增资人民币750 ...

证券代码：920491 证券简称：奥迪威 公告编号：2025-128 广东奥迪威传感科技股份有限公司 拟续聘 2025 年度会计师事务所公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 涉及会计师事务所提供的资料、信息，会计师事务所保证其提供、报送或披 露的资料、信息真实、准确、完整，不得有虚假记载、误导性陈述或者重大遗漏。 一、拟续聘会计师事务所的基本情况 （一）机构信息 公司拟聘任立信会计师事务所（特殊普通合伙）为 2025 年年度的审计机构。 1.基本信息 会计师事务所名称：立信会计师事务所（特殊普通合伙） 成立日期：2011 年 1 月 24 日 首席合伙人：朱建弟 2024 年度末签署过证券服务业务审计报告的注册会计师人数：743 人 2024 年收入总额（经审计）：47.48 亿元 2024 年审计业务收入（经审计）：36.72 亿元 2024 年证券业务收入（经审计）：15.05 亿元 2024 年上市公司审计客户家数：693 家 组织形式：特殊普通合伙 注册地址：上海市黄浦区南京东路 ...

证券代码：920491 证券简称：奥迪威 公告编号：2025-132 单位：元 广东奥迪威传感科技股份有限公司 关于预计 2026 年日常性关联交易的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、 日常性关联交易预计情况 （一） 预计情况 | | 主要交易内 | 预计 年发 2026 | 2025 | 年与关联方实际 | | | 预计金额与上年实 | | --- | --- | --- | --- | --- | --- | --- | --- | | 关联交易类别 | | | | 发生金额（2025 | | 年 1 | 际发生金额差异较 | | | 容 | 生金额 | | | | | | | | | | 月 1 | 日至 11 月 | 30 | 日）） | 大的原因 | | 购买原材料、燃料和 | 采 购 商 品 和 | 2,000,000.00 | | 531,154.77 | | | 业务发展需要 | | 动力、接受劳务 | 服务 | | | | | | | | 销售产品、商品、提 | ...

证券代码：920491 证券简称：奥迪威 公告编号：2025-129 广东奥迪威传感科技股份有限公司 关于购买董事、高级管理人员责任险的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 广东奥迪威传感科技股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日召开第四届董事会第二十一次会议，审议《关于购买董事、高级管理人员责任 险的议案》，现将具体情况公告如下： 一、概述 为进一步完善公司风险管理体系，降低公司运营风险，促进公司董事、高级 管理人员充分行使权利、履行职责，保障公司和投资者的权益，根据《上市公司 治理准则》的有关规定，公司拟为公司及全体董事、高级管理人员购买责任险。 二、责任保险的具体方案 1．投保人：广东奥迪威传感科技股份有限公司 3．责任限额：不超过人民币 3,000 万元/年，最终以实际与保险公司协商确 定的数额为准 4．保费总额：不超过人民币 18 万元/年 5．保险期限：12 个月/期（具体起止时间以保险合同约定为准，后续每年可 续保或重新投保） 为提高决策效率，公 ...

证券代码：920491 证券简称：奥迪威 公告编号：2025-130 （二）是否构成重大资产重组 本次交易不构成重大资产重组。 根据《上市公司重大资产重组管理办法》第十二条的规定："上市公司及其 控股或者控制的公司购买、出售资产，达到下列标准之一的，构成重大资产重组： （一）购买、出售的资产总额占上市公司最近一个会计年度经审计的合并财 务会计报告期末资产总额的比例达到百分之五十以上； 广东奥迪威传感科技股份有限公司 关于拟进行海外投资的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、对外投资概述 （一）基本情况 随着公司海外业务的持续发展，出口业务占公司营业收入的比重相对较高。 为优化公司全球产能配置与供应链结构，提升公司海外业务的稳定性与运营效 率，并更好地满足公司国际业务发展的需要，公司拟实施"马来西亚新工厂建设 项目"相关海外投资安排，项目经营范围：智能传感器、执行器及其解决方案的 研究、设计、生产和销售。项目实施主体：公司全资控股的孙公司（由香港全资 子公司投资设立）。 项目计划投资总 ...

证券代码：920491 证券简称：奥迪威 公告编号：2025-133 广东奥迪威传感科技股份有限公司 关于调整第四届董事会提名委员会委员的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 广东奥迪威传感科技股份有限公司（以下简称"公司"）于 2025 年 12 月 8 日召开第四届董事会第二十一次会议，审议通过《关于调整董事会提名委员会委 员的议案》，公司对董事会提名委员会成员进行相应调整，现将具体情况公告如 下： 为进一步完善公司在境外发行股份（H 股）并在香港联合交所有限公司主板 上市（以下简称"本次发行 H 股并上市"）后的公司治理结构，根据《中华人 民共和国公司法》《北京证券交易所股票上市规则》《香港联合交易所有限公司证 券上市规则》等有关法律法规的规定，结合公司实际情况，对公司本次发行 H 股并上市后的董事会提名委员会委员进行调整，调整前后公司董事会提名委员会 委员组成情况如下： 调整前提名委员会成员：王仁曾（主任委员）、韩培刚、张曙光 调整后提名委员会成员：王仁曾（主任委员）、韩培刚、黄 ...