关于注销已回购股份的实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 上海移远通信技术股份有限公司（以下简称"公司"）于2024年8月26日召 开第三届董事会第二十次会议、2024年9月18日召开2024年第一次临时股东大会， 分别审议通过了《关于变更2023年、2024年已回购股份用途为注销并减少注册资 本的议案》《关于变更注册资本及修改<公司章程>的议案》，公司拟将2023年、 2024年已回购股份合计2,917,252股变更用途为注销。上述回购股份注销完成后， 公司注册资本将由人民币264,574,906元变更为人民币261,657,654元，公司股份 总数将由264,574,906股变更为261,657,654股。 本次注销股份的有关情况： | 回购专用证券账户股份 | 本次注销股份数量 | 注销日期 | | | | --- | --- | --- | --- | --- | | 数量（股） | （股） | | | | | 2,917,252 | 2,917,252 | 2024 年 11 月 ...

证券代码：603236 证券简称：移远通信 公告编号：2024-059 上海移远通信技术股份有限公司 获得政府补助的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 一、获得补助的基本情况 （一）获得补助概况 根据《企业会计准则第16号-政府补助》的相关规定，上述政府补助与公司 日常经营活动有关，将作为其他收益计入公司当期损益，最终对公司损益的影响 将以当年年度审计确认后的结果为准，敬请广大投资者注意投资风险。 特此公告。 上海移远通信技术股份有限公司董事会 上海移远通信技术股份有限公司（以下简称"公司"）的子公司常州移远通 信技术有限公司享受增值税加计抵减优惠政策并于2024年11月11日确认其他收 益，金额为2,027.18万元，占公司2023年度归属于上市公司股东净利润的比例为 22.35%。 （二）补助具体情况 单位：万元 | 序号 | 获得时间 | 补助类型 | 补助金额 | 占公司最近一期经审计 | | --- | --- | --- | --- | --- | | | | | | 净利润比例（ ...

重要内容提示： 控股股东持股的基本情况 本次减持计划实施前，上海移远通信技术股份有限公司（以下简称"公司"） 控股股东钱鹏鹤先生直接持有公司股份 60,175,557 股，占公司总股本的比例为 22.74%。 证券代码：603236 证券简称：移远通信 公告编号：2024-056 上海移远通信技术股份有限公司控股股东 减持股份结果的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 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法律责任。 二、减持计划的实施结果 减持计划的实施结果情况 公司于 2024 年 9 月 21 日披露了《控股股东减持股份计划公告》（公告编 号：2024-049）。在减持计划期间内，公司控股股东钱鹏鹤先生拟减持其所持有 公司股份不超过 2,645,749 股，占公司总股本的 1%。 2024 年 11 月 7 日，公司收到钱鹏鹤先生出具的《股份减持结果告知函》， 在 2024/10/21～2024/11/7 期间内，钱鹏鹤先生通过集中竞价方式累计减持公司 股份 2,645,749 股。 | 股东名称 | 股东身份 | 持股数量 | 持股比例 | ...

证券代码：603236 证券简称：移远通信 公告编号：2024-057 上海移远通信技术股份有限公司 关于 5%以上股东股份变动超过 1%的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 公司于 2024 年 11 月 7 日收到控股股东钱鹏鹤先生及其一致行动人宁波移远 的告知函，因公司实施资本公积金转增股本被动增加股份、以及股东实施此前披 露的减持计划，钱鹏鹤先生及其一致行动人宁波移远持有公司的股份比例由 29.27%（以 2023 年 3 月 23 日总股本计算）减少至 28.26%（以 2024 年 11 月 7 日总股本计算），持股比例变动超过公司总股本的 1%。 | 信息披露 | 名称/姓名 | 钱鹏鹤 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 义务人 基本信息 | 住所 | 上海市闵行区 | | | | | | | 权益变动时间 | 24 | | 2023 年 3 月 | 日-2024 年 11 月 | 7 日 | | ...

Investment Rating - The report upgrades the investment rating to "Accumulate-A" based on expected performance exceeding the benchmark index by 5%-15% [10]. Core Insights - The company has shown significant revenue growth, with a 32.9% year-on-year increase in revenue for the first three quarters of 2024, reaching 13.25 billion yuan, and a remarkable 2078.7% increase in net profit [2][10]. - The company is positioned to benefit from the recovery in the market and its refined management strategies, particularly in the automotive, gateway, payment, and PC sectors [3][10]. - The introduction of new products and platforms, such as the industrial smart brand Baowita, is expected to enhance the company's market value and expand its service offerings [8][9]. Financial Performance - For Q3 2024, the company reported a revenue of 5 billion yuan, a year-on-year increase of 44.6% and a quarter-on-quarter increase of 16.4% [2]. - The gross margin for the first three quarters was 17.93%, slightly down by 0.44 percentage points year-on-year, while the net profit margin improved by 2.84 percentage points to 2.62% [2][4]. - The company anticipates a recovery in profitability, with projected net profits for 2024-2026 expected to grow significantly, reaching 5.26 billion yuan in 2024, a 479.5% increase year-on-year [10]. Market Position and Strategy - The company maintains a leading position in the global cellular IoT module market, with a market share of 36.5% in Q2 2024, driven by strong demand from China and India [3]. - The focus on edge AI applications and the development of intelligent modules and IoT platforms is expected to unlock new growth opportunities [9]. - The company is actively collaborating with Qualcomm to launch new AI intelligent module products, enhancing its capabilities in various industrial applications [9].

Group 1: Financial Performance - In Q3 2024, the gross profit margin was 17.58%, a slight decrease from Q2 due to the product mix and increased sales of low-margin products to major clients [1] - Q3 2024 revenue reached 4.997 billion RMB, representing a year-on-year growth of 44.64% and a quarter-on-quarter increase of 16.36% [1] - Revenue for the first three quarters of 2024 grew by 32.90% year-on-year [1] Group 2: Business Development - The company is focusing on providing comprehensive IoT solutions, expanding into new products and services such as IoT antennas, software services, ODM business, industrial intelligence, and smart agriculture [3] - ODM and antenna revenues showed significant growth compared to the same period last year [3] - The company aims to gradually increase the proportion of new businesses while reducing the share of module business [3] Group 3: Market Trends and Strategy - Downstream demand is recovering, particularly in sectors like automotive, gateways, payment, and PC [3] - The company is committed to enhancing product planning and accelerating the development of new businesses to provide better products and services [3] - The company has established a presence in over 150 countries and regions, ensuring quick customer response through local technical support [4] Group 4: Regulatory Impact - The company is monitoring the impact of U.S. tariffs and regulations on its overseas business, focusing on high-value products and maintaining close communication with clients [4] - The potential ban on Chinese software and hardware in U.S. smart connected vehicles is being assessed, with ongoing discussions with international clients to find viable solutions [4] Group 5: Historical Performance - The company's strong performance prior to 2021 was attributed to the IoT industry's explosive growth and its early international expansion strategy [4] - The company has developed a rich product line, including automotive intelligent modules, Wi-Fi & BT modules, GNSS positioning modules, and UWB modules [5]

证券研究报告 | 公司动态点评 2024 年 10 月 28 日 移远通信（603236.SH） 2024 三季报点评：下游需求逐步回暖，24Q3 业绩增速亮眼 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|--------|--------|--------|--------|--------|-------------------------------------------|-----------| | | | | | | | | | | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 14,230 | 13,861 | 17,326 | 21,779 | 26,789 | 股票信息 | | | 增长率 yoy （ % ） | 26.4 | -2.6 | 25.0 | 25.7 | 23.0 | | | | 归母净利润（百万元） | 623 | 91 | 51 ...

23/1023/1224/0124/0224/0324/0424/0524/0624/0724/0824/0924/10 移远通信(603236) 报告日期：2024 年 10 月 28 日 需求复苏和开源节流带动业绩恢复增长 ——移远通信 2024 年三季报点评 投资要点 ❑ 24Q3 单季归母 yoy+51.3% 2024 年前三季度，公司实现营业收入 132.5 亿元，yoy+32.9%；实现归母净利润 3.6 亿元，yoy+2,078.7%；实现扣非归母净利润 3.3 亿元，yoy+601.1%。我们认 为 24 年前三季度公司业绩实现良好增长主要得益于公司把握行业复苏机遇，积 极开拓业务。24 年前三季度实现销售毛利率 17.93%，同比-0.44pct；实现销售净 利率 2.62%，同比+2.84pct。 24Q3 单季公司实现营业收入 50.0 亿元，yoy+44.6%，qoq+16.4%；实现归母净利 润 1.5 亿元，yoy+51.3%，qoq-4.7%；实现扣非归母 1.4 亿元，yoy+52.9%。24Q3 单季实现销售毛利率 17.58%，同比-2.29pct，环比-1.68pct；实 ...

Investment Rating - The investment rating for the company is "Buy" with a target price of 53.46 CNY, maintaining the "Increase" rating for the next six months [1]. Core Views - The report highlights a continuous recovery in industry demand, particularly in the IoT sector, which is expected to drive growth through edge computing and smart automotive applications [1][2]. - The company reported a significant increase in revenue and profitability, with a 32.90% year-on-year growth in revenue for the first three quarters, reaching 13.246 billion CNY, and a net profit of 357 million CNY, marking a turnaround from losses in the previous year [1][2]. Financial Performance Summary - For Q3, the company achieved a revenue of 4.997 billion CNY, representing a year-on-year growth of 44.64%, and a net profit of 147 million CNY, up 51.29% year-on-year [1][2]. - The gross margin for the first three quarters was 17.93%, a decrease of 0.44 percentage points compared to the same period last year, with Q3 gross margin at 17.58%, down 2.29 percentage points year-on-year [3]. - The company has effectively managed its expenses, with reductions in sales, management, and R&D expense ratios compared to the previous year [3]. Growth Opportunities - The report emphasizes the potential of edge computing as a significant growth area, particularly in AI applications, with the company successfully integrating its 5G modules with NVIDIA's Jetson AGX Orin for enhanced AI capabilities [4]. - The company is expanding its automotive product offerings, introducing a comprehensive suite of vehicle communication modules to support the ongoing trend of automotive intelligence [5]. Earnings Forecast and Investment Recommendations - The company is projected to achieve net profits of 550 million CNY, 730 million CNY, and 940 million CNY for the years 2024 to 2026, respectively, with corresponding valuation multiples of 26x, 19x, and 15x [5].

移远通信（603236.SH）2024 年三季报点评 [盈利预测与财务指标 Table_Forcast] Q3 扭亏为盈，龙头位置稳固 2024 年 10 月 23 日 ➢ 事件：2024 年 10 月 22 日，移远通信发布 2024 年三季报，前三季度公司 实现营业收入 132.46 亿元，同比+32.90%；实现归母净利润 3.57 亿元，较去 年同期实现扭亏为盈。 ➢ 公司 Q3 业绩同比大超预期，公司业务条线多点开花。2024Q3 公司实现营 业收入 49.97 亿元，同比+44.64%，环比+16.36%；归母净利润 1.47 亿元，同 比+51.29%；扣非净利润 1.37 亿元，同比+52.88%。物联网市场需求逐步恢复, 公司在模组业务的基础上，加快推进衍生产品及解决方案，公司 5G 模组、车 载模组、智能模组、ODM、天线等业务量均有所提升。 ➢ 2024Q2 中国与印度市场发力下游需求回暖，移远通信龙头位置稳固。据 Counterpoint 发布的《按应用划分的全球蜂窝物联网模组和芯片组追踪报告》 显示，2024 年第二季度全球蜂窝物联网模组出货量同比增长了 11%，环比增长 了 6%。 ...