Investment Rating - The report maintains an "Accumulate-A" rating for the company [1] Core Views - The company has demonstrated strong growth in revenue and net profit, with a revenue increase of 34.14% year-on-year in 2024 and a net profit increase of 548.49% [4] - The company is a leader in module shipments and has a broad layout in AI modules and solutions, particularly in the 5G sector [4][5] - The company is expanding its edge computing capabilities through industrial intelligence and AI cloud platforms [7][9] Financial Performance - In 2024, the company achieved a revenue of 185.94 billion yuan and a net profit of 5.88 billion yuan [4] - For Q1 2025, the company reported a revenue of 52.21 billion yuan and a net profit of 2.12 billion yuan, reflecting year-on-year growth of 32.05% and 286.91% respectively [4] - The company forecasts net profits of 8.52 billion yuan, 10.27 billion yuan, and 12.75 billion yuan for 2025, 2026, and 2027, representing year-on-year growth rates of 44.9%, 20.5%, and 24.1% [10] Product and Market Position - The company continues to enhance its product line in the 5G sector, maintaining a leading position in automotive applications [5][6] - The company has established a comprehensive product line for automotive applications, serving over 60 tier 1 suppliers and more than 40 vehicle manufacturers [6] - The company is actively involved in the development of AI solutions, including a large model solution launched in August 2024, which supports various applications such as intelligent Q&A and business consulting [9] Future Outlook - The company is expected to maintain growth above the industry average due to improving IoT demand and effective cost control following strategic expansion [10] - The company aims to expand its product lines in smart antennas and millimeter-wave antennas, anticipating a surge in downstream demand [9]

Investment Rating - The report maintains an "Accumulate-A" rating for the company [1] Core Views - The company has demonstrated strong growth in revenue and net profit, with a revenue of 185.94 billion yuan in 2024, up 34.14% year-on-year, and a net profit of 5.88 billion yuan, up 548.49% year-on-year [4] - In Q1 2025, the company achieved a revenue of 52.21 billion yuan, reflecting a year-on-year increase of 32.05%, and a net profit of 2.12 billion yuan, up 286.91% year-on-year [4] - The company continues to lead in the module shipment market and has a broad layout in AI modules and solutions [4] Summary by Sections Market Performance - As of May 5, 2025, the closing price is 71.75 yuan, with a total share capital of 2.62 billion shares and a circulating market value of 187.74 billion yuan [3] Business Development - The company is expanding its product line in the 5G module sector and maintaining a leading position in automotive applications, with a diverse range of products for over 60 tier-1 clients and 40 automotive manufacturers [6] - The company has launched the Provecta AI brand for industrial intelligence, focusing on defect detection and automation in various sectors [7] - The ODM business has seen significant growth, with revenue from the ODM segment expected to increase by over 70% year-on-year in 2024 [8] Financial Forecast and Investment Recommendations - The company is expected to maintain growth above the industry average, with projected net profits of 8.52 billion yuan, 10.27 billion yuan, and 12.75 billion yuan for 2025, 2026, and 2027 respectively, representing year-on-year growth rates of 44.9%, 20.5%, and 24.1% [10] - The earnings per share (EPS) are forecasted to be 3.26 yuan, 3.93 yuan, and 4.87 yuan for the same years, with corresponding price-to-earnings (P/E) ratios of 22.0, 18.3, and 14.7 [10]

Group 1 - The WiFi 6 concept sector experienced a decline of 1.55%, ranking among the top declines in concept sectors, with notable declines from companies such as Wanlong Optoelectronics, Broadcom Integrated, and Aojie Technology [1] - In terms of capital flow, the WiFi 6 concept sector saw a net outflow of 755.6 million yuan, with 43 stocks experiencing net outflows, and five stocks seeing outflows exceeding 50 million yuan [1][2] - The stocks with the highest net outflows included Unisplendour, with a net outflow of 73.72 million yuan, followed by Yiyuan Communication and Guanghetong [1][2] Group 2 - The top gainers in the WiFi 6 concept sector included Chutian Expressway, Xinwei Communication, and ST Luton, with respective increases of 1.33%, 0.48%, and 0.34% [1] - The overall market performance showed that the graphite electrode sector led with a gain of 2.57%, while the PEEK materials sector declined by 1.79% [1] - The data indicates that the main capital inflows were observed in stocks such as Digital Video, Electronic Science Chip, and Chuangyao Technology, with inflows of 13.82 million yuan, 10.71 million yuan, and 9.94 million yuan respectively [2][3]

证券代码：603236 证券简称：移远通信 公告编号：2025-031 上海移远通信技术股份有限公司 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： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 19 日 (二)股东大会召开的地点：上海移远通信技术股份有限公司会议室（上海市闵行 区田林路 1016 号科技绿洲 3 期（B 区）5 号楼）1 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 审议结果：通过 表决情况： | 股东类型 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 票数 | | | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | | A股 | 79,718,145 ...

上海市锦天城律师事务所 关于上海移远通信技术股份有限公司 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：（86）21-20511000 传真：（86）21-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海移远通信技术股份有限公司 致：上海移远通信技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海移远通信技术股份 有限公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下 简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简 称《公司法》）、《上市公司股东会规则》等法律、法规和其他规范性文件以及 《上海移远通信技术股份有限公司章程》 （以下简称《公司章程》）的有关规定， 出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事项进行了 必要的核查和验证，审查了本所认为出具该法律意见书所需审查的相关 ...

上海市锦天城律师事务所 关于上海移远通信技术股份有限公司 2024 年年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：（86）21-20511000 传真：（86）21-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海移远通信技术股份有限公司 2024 年年度股东大会的法律意见书 致：上海移远通信技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海移远通信技术股份 有限公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下 简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简 称《公司法》）、《上市公司股东会规则》等法律、法规和其他规范性文件以及 《上海移远通信技术股份有限公司章程》（以下简称《公司章程》）的有关规定， 出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事项进行了 ...

证券代码：603236 证券简称：移远通信 公告编号：2025-031 上海移远通信技术股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 19 日 (二)股东大会召开的地点：上海移远通信技术股份有限公司会议室（上海市闵行 区田林路 1016 号科技绿洲 3 期（B 区）5 号楼）1 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 321 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 79,838,825 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 30.5127 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长钱鹏鹤先生主持会议。会议采用现 ...

Core Viewpoint - Shanghai Mijuan Communication Technology Co., Ltd. is set to hold its 2024 Annual General Meeting, focusing on various proposals including profit distribution, director and supervisor remuneration, and external guarantees for subsidiaries. Meeting Procedures - Shareholders and their representatives must register according to the meeting notice and provide valid documentation to attend the meeting [2] - Late attendees can participate in voting if they arrive before the voting starts; otherwise, they can only observe [2][3] - The meeting prohibits recording and disruptive behavior, with staff authorized to maintain order [2] Voting and Proposals - Voting will be conducted through a combination of on-site and online methods, with results announced by the meeting host [3][4] - The meeting will address several proposals, including the 2024 Board Work Report and the company's operational performance [6] Company Performance - In 2024, the company achieved a revenue of 18.594 billion yuan, a year-on-year increase of 34.14%, and a net profit of 588 million yuan, up 548.49% [6] - The company is focusing on expanding its IoT solutions, particularly in sectors like automotive, smart agriculture, and AI applications [6][9] Research and Development - The company operates eight R&D centers globally, emphasizing innovation in 5G technology and IoT solutions [7][8] - It has filed over 568 patents and 363 trademarks, showcasing its commitment to intellectual property [8] Product Development - The company has launched multiple 5G modules and solutions, including the RG650x series, which supports advanced applications like AR/VR and industrial automation [9][10] - New products include AI-enabled modules and high-precision GNSS modules, catering to various industries [11][16] Strategic Goals - The company aims to enhance its market position by expanding its product lines and improving customer customization capabilities [33] - Plans for 2025 include strengthening partnerships with operators and chip suppliers to drive innovation and market growth [34]

Core Viewpoint - The company, Quectel, will hold an earnings briefing for the fiscal year 2024 and the first quarter of 2025 on May 21, 2025, to address investor inquiries and provide insights into its financial performance [1][2]. Group 1: Meeting Details - The earnings briefing is scheduled for May 21, 2025, from 10:30 to 11:30 [1][2]. - The meeting will be conducted in a video recording format combined with online interaction [2][4]. - Investors can participate via the Shanghai Stock Exchange Roadshow Center website [2][3]. Group 2: Investor Participation - Investors can submit questions from May 14 to May 20, 2025, through the designated website or via email [3][4]. - The company will respond to commonly asked questions during the briefing [2][3]. Group 3: Contact Information - The contact for inquiries is the Board Secretary's office, reachable by phone or email [3][4].

上海 2025 年 5 月 上海移远通信技术股份有限公司 2024 年年度股东大会会议资料 上海移远通信技术股份有限公司 2024 年年度股东大会文件目录 | 2024 | 年年度股东大会会议须知 | 2 | | --- | --- | --- | | 2024 | 年年度股东大会会议议程 | 4 | | 2024 | 年年度股东大会会议议案 | 6 | | 议案一 | 《关于 2024 年度董事会工作报告的议案》 | 6 | | 议案二 | 《关于 2024 年度监事会工作报告的议案》 | 19 | | 议案三 | 《关于 2024 年度财务决算报告的议案》 | 23 | | 议案四 | 《关于 2025 年度财务预算报告的议案》 | 28 | | 议案五 | 《关于 2024 年年度报告及摘要的议案》 | 30 | | 议案六 | 《关于公司 2024 年度利润分配方案的议案》 | 31 | | 议案七 | 《关于提请股东大会授权董事会制定 2025 年中期利润分配方案的议案》 | 32 | | 议案八 | 《关于续聘会计师事务所的议案》 | 33 | | 议案九 | 《关于公司董事 2025 年度薪酬方 ...