Core Viewpoint - Guanghetong (00638) has rebounded nearly 7%, reaching a high of HKD 18.85, although it remains over 12% lower than its IPO price [1] Market Performance - As of the report, the stock is up 4.7%, trading at HKD 18.49, with a transaction volume of HKD 81.759 million [1] Company Positioning - According to Frost & Sullivan, the company is the second-largest wireless communication module provider globally, holding a market share of 15.4% based on revenue from ongoing operations in 2024 [1] - The company leads in several downstream application scenarios, achieving the highest global market share in smart home and consumer electronics, particularly with a 75.9% share in the consumer electronics sector [1] - In the automotive electronics sector, the company ranks second globally, benefiting from the surge in demand for high-reliability modules in the new energy vehicle pre-installation market [1] Technological Advancements - Haitong International previously noted that the company's AI edge deployment has entered the industrial implementation phase [1] - The company has independently developed and launched the Fibocom AIStack technology platform, which supports efficient inference of mainstream models across different chip platforms [1] - The company has introduced various solutions, including for cameras, toys, trackers, and MiFi devices, and has achieved mass production of its lawnmower robot solution [1] - A new RTK visual fusion positioning solution has been developed in collaboration with leading companies in the multi-legged robot sector [1] Future Plans - The company plans to list in Hong Kong this year, with the raised funds aimed at further investments in AI modules and robotics, accelerating its industrial layout [1]

Summary of Key Points Group 1: 52-Week Highs - A total of 45 stocks reached their 52-week highs as of October 23, with notable performers including Base Champion Group (08460) at 234.56%, Tianjin Chuangye Environmental Protection Co., Ltd. (01065) at 136.88%, and Liji Engineering Holdings (01690) at 80.26% [1] - The closing prices and peak prices for the top three stocks are as follows: Base Champion Group closed at 0.250 with a peak of 0.455, Tianjin Chuangye at 4.880 with a peak of 10.020, and Liji Engineering at 0.105 with a peak of 0.137 [1] Group 2: 52-Week Lows - The report also highlighted stocks that reached their 52-week lows, with Huaxi Holdings (01689) showing a decline of 16.67%, China New Economy Equity (02958) down by 14.17%, and Agile Holdings (00186) down by 13.16% [2] - The closing prices and lowest prices for the top three declining stocks are: Huaxi Holdings at 0.400 with a low of 0.350, China New Economy at 0.123 with a low of 0.103, and Agile Holdings at 0.165 with a low of 0.165 [2]

Core Viewpoint - Guanghe Tong (00638.HK) experienced a significant decline in its stock price, dropping over 8% on its second day of trading, indicating a lack of investor confidence and a potential market correction following its IPO [1] Stock Performance - The stock closed down 11.72% on the previous day, with a morning low of 17.26 HKD, representing a nearly 20% drop from the IPO price of 21.5 HKD [1] - As of the latest update, the stock was down 8.32%, trading at 17.4 HKD, with a trading volume of 85.98 million HKD [1]

Core Viewpoint - Guanghetong (00638) experienced a significant decline in its stock price, dropping over 8% on its second day of trading, marking it as the first new stock to fall below its issue price since the new regulations were implemented [1] Company Performance - Guanghetong, a leading company in the wireless communication module sector in A-shares, reported a revenue of 3.707 billion yuan for the first half of the year, representing a year-on-year decrease of 9.02% [1] - The company's net profit attributable to shareholders was 218 million yuan, down 34.66% year-on-year, while the net profit excluding non-recurring items was 202 million yuan, a decline of 36.06% year-on-year [1] - Excluding the impact of Ruijun Wireless's vehicle-mounted pre-installation business, the company's revenue showed a year-on-year growth of 23.49%, and the net profit attributable to shareholders increased by 6.54% year-on-year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Fibocom Wireless Inc. 深圳市廣和通無線股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代碼：00638） 海外監管公告 本公告由深圳市廣和通無線股份有限公司（「本公司」）根據香港聯合交易所有限公 司證券上市規則第13.10B條作出。 以下為本公司於深圳證券交易所網站（ http://www.szse.cn ）及巨潮資訊網 ( www.cninfo.com.cn )所發佈之《深圳市廣和通無線股份有限公司關於控股股東及 實際控制人持股比例被動稀釋跨越5%整數倍及觸及1%刻度的提示性公告》，僅供 參閱。 承董事會命 深圳市廣和通無線股份有限公司 董事長 張天瑜 中國，2025年10月22日 於本公告日期，本公司董事會成員包括執行董事張天瑜先生、應凌鵬先生及許寧 先生；及獨立非執行董事王寧先生、趙靜女士及吳承剛先生。 证券代码：300638 证券简称：广和通 公告编号：20 ...

Group 1 - The board meeting of Guanghe Tong (00638.HK) is scheduled for October 29, 2025, to consider and approve the company's performance for the nine months ending September 30, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Fibocom Wireless Inc. 深圳市廣和通無線股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 於本公告日期，董事會包括執行董事張天瑜先生、應凌鵬先生及許寧先生，獨立 非執行董事王寧先生、趙靜女士及吳承剛先生。 承董事會命 深圳市廣和通無線股份有限公司 董事長 張天瑜 香港，2025年10月22日 （股份代碼：00638） 董事會召開日期 深圳市廣和通無線股份有限公司（「本公司」）董事會（「董事會」）謹此公佈，董事 會會議將於2025年10月29日（星期三）在中華人民共和國廣東省深圳市南山區西 麗街道西麗社區打石一路深圳國際創新谷6棟A座10樓會議室舉行，藉以（其中包 括）考慮及批准本公司及其附屬公司截至2025年9月30日止九個月之季度業績及其 發佈。 ...

Group 1 - Guanghe Tong (00638.HK) debuted on the stock market today, opening flat before experiencing a downward trend, currently down over 8% [2] - As of the latest update, the stock has decreased by 8.65%, trading at HKD 19.64, with a transaction volume of HKD 396 million [2]

Group 1 - Guanghe Tong (00638) debuted today with a significant decline, currently down 8.65% at HKD 19.64, with a trading volume of HKD 396 million [1] - Guanghe Tong is a leading enterprise in the A-share wireless communication module sector, with products covering automotive electronics, smart home, consumer electronics, and smart retail [1] - In the first half of 2025, the company reported a revenue of CNY 3.707 billion, a year-on-year decrease of 9.02%, and a net profit attributable to shareholders of CNY 218 million, down 34.66% [1] Group 2 - Excluding the impact of Ruilin's wireless vehicle-mounted pre-installation business, the company's revenue grew by 23.49% year-on-year, and net profit attributable to shareholders increased by 6.54% [1] - Haitong International noted that the company's AI edge layout has entered the industrial implementation phase, with the launch of the Fibocom AIStack technology platform supporting efficient inference of mainstream models across different chip platforms [1] - The company plans to use funds raised from its Hong Kong listing to further invest in AI modules and robotics, accelerating its industrial layout [1]

Core Viewpoint - Guanghe Tong (00638) has successfully listed its shares at a price of HKD 21.50 each, raising approximately HKD 2.811 billion through the issuance of 135 million shares, with no price fluctuation reported at the time of writing [1] Company Overview - Guanghe Tong is a leading provider of wireless communication modules, offering products such as data transmission modules, smart modules, and AI modules [1] - The company provides customized solutions based on its module products, including edge AI solutions, robotic solutions, and other applications [1] Market Position - According to Frost & Sullivan, Guanghe Tong is the second-largest wireless communication module provider globally, holding a market share of 15.4% based on revenue from ongoing operations projected for 2024 [1] - The company leads in several downstream application markets, achieving the highest market share in smart home and consumer electronics, particularly with a 75.9% share in the consumer electronics sector [1] - In the automotive electronics sector, Guanghe Tong ranks second globally, benefiting from the surge in demand for high-reliability modules in the new energy vehicle market [1]