Group 1 - The company, Quectel, has launched multiple module products in the field of "Xinchuang" (信创), which are designed to inject new momentum into industries such as finance, energy, industrial, and transportation [2]

Group 1 - The company, Fibocom, stated on September 5 that it maintains strategic partnerships with numerous well-known internet enterprises to jointly promote the development of the IoT ecosystem [1] - Specific business cooperation information can be referenced on the company's official website and official WeChat account [1]

Core Viewpoint - The company, Quectel (移远通信), has announced that its intelligent computing modules can be applied to AI servers, enabling customers to launch customized SoC array server products for centralized management and allocation of CPU, GPU, and NPU resources, achieving computing power sharing [1] Group 1 - The company has already supplied computing modules to leading domestic internet platforms and has achieved mass production [1]

中国经济网北京9月5日讯移远通信（603236）(603236.SH)昨日晚间发布公告称，公司于2025年9月4日 收到上海证券交易所出具的《关于上海移远通信技术股份有限公司向特定对象发行股票的交易所审核意 见》，公司向特定对象发行股票申请符合发行条件、上市条件和信息披露要求。上海证券交易所将在收 到公司申请文件后提交中国证监会注册。 移远通信表示，公司本次向特定对象发行A股股票事项尚需获得中国证监会作出同意注册的决定后方可 实施，最终能否通过中国证监会同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情 况及时履行信息披露义务。 移远通信于6月11日披露的《2025年度向特定对象发行A股股票募集说明书(申报稿)》显示，本次向特定 对象发行股票募集资金总额不超过230,000.00万元(含本数)，扣除发行费用后的募集资金净额将全部用 于以下项目：车载及5G模组扩产项目、AI算力模组及AI解决方案产业化项目、总部基地及研发中心升 级项目、补充流动资金项目。 | | | 本次向特定对象发行股票的数量按照募集资金总额除以发行价格确定，且不超过本次发行前公司总股本 的10%，即本次发行不超过26,165,7 ...

Group 1: Overall Performance of Listed Companies - The total operating revenue of listed companies in Shanghai and Shenzhen reached 34.92 trillion yuan, with a net profit of 2.99 trillion yuan for the first half of 2025 [1] - Shenzhen companies achieved a total operating revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and a net profit of 595.46 billion yuan, up 8.88% [1] - Shanghai companies reported operating revenue of 24.68 trillion yuan, a slight decrease of 1.3%, with a net profit of 2.39 trillion yuan, an increase of 1.1% [1] Group 2: Sector Performance - Emerging industries such as semiconductors, electronics, pharmaceuticals, and new energy are rapidly rising, while traditional industries like steel and machinery are seeking transformation [2] - The electronics sector in Shenzhen saw 253 companies generate 984.76 billion yuan in revenue, a 14.1% increase, and a net profit of 454.57 billion yuan, up 24.59% [3] - The computer industry in Shenzhen reported 501.25 billion yuan in revenue, a 13.74% increase, and a net profit of 122.85 billion yuan, up 26% [5] Group 3: R&D Investment - Shenzhen companies invested a total of 352.97 billion yuan in R&D, with significant contributions from companies like BYD and ZTE [9] - The R&D investment in strategic emerging industries in Shenzhen reached 92.46 billion yuan, a year-on-year increase of 22.36% [9] - Shanghai's R&D investment also hit a record high of 432.6 billion yuan, growing by 1% [9] Group 4: International Expansion - Over 830 manufacturing companies in Shanghai achieved overseas revenue of 1.1 trillion yuan, a 5% increase [11] - Shenzhen's strategic emerging industries reported overseas income of 434.66 billion yuan, a 23.59% increase, with a 29.22% share of total revenue [11] - Companies are diversifying their overseas markets, with significant growth in exports from firms like Huayou Cobalt and Quectel [12] Group 5: Dividend and Shareholder Returns - A total of 794 listed companies in Shanghai and Shenzhen announced mid-term dividends amounting to 643.81 billion yuan [12] - Shenzhen companies saw an 18.04% increase in the number of mid-term dividends declared, with a 49.51% increase in dividend amounts [12] - Companies are also increasing share buybacks, with Shenzhen firms announcing 230 buyback plans totaling 68.21 billion yuan [13]

Group 1 - The company, Shanghai Mijuan Communication Technology Co., Ltd., has received a notice from the Shanghai Stock Exchange regarding its application for a specific issuance of A-shares [1] - The Shanghai Stock Exchange has stated that the company's application meets the conditions for issuance, listing requirements, and information disclosure requirements [1] - The implementation of the stock issuance is contingent upon approval from the China Securities Regulatory Commission (CSRC), and there is uncertainty regarding the timing and outcome of this approval [1]

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。 上海移远通信技术股份有限公司（以下简称"公司"）于 2025 年 9 月 4 日收到上海证券交易所出具的《关于上海移远通信技术股份有限公司向特定对象 发行股票的交易所审核意见》，具体意见如下： 证券代码：603236 证券简称：移远通信 公告编号：2025-048 上海移远通信技术股份有限公司 关于 2025 年度向特定对象发行 A 股股票申请 收到上海证券交易所审核意见通知的公告 特此公告。 上海移远通信技术股份有限公司董事会 2025 年 9 月 5 日 "上海移远通信技术股份有限公司向特定对象发行股票申请符合发行条件、 上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会注 册。" 公司本次向特定对象发行 A 股股票事项尚需获得中国证券监督管理委员会 （以下简称"中国证监会"）作出同意注册的决定后方可实施，最终能否通过中 国证监会同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情 况及时履行信息披露义务，敬请广大投资者注意投资风险。 ...

分析师：陈伟光 S0340520060001 电话：0769-22119430 邮箱： chenweiguang@dgzq.com.cn 评 S0340521020001 电话：0769-22110619 邮箱： luoweibin@dgzq.com.cn S0340524070002 电话：0769-22119302 邮箱： chenzhanqian@dgzq.com.cn 收盘价(元) 98.35 2025 年 9 月 3 日 投资要点： | 主要数据 2025 年 | 9 月 2 日 | | --- | --- | | 收盘价(元) | 98.35 | | 总市值（亿元） | 257.34 | | 总股本(亿股) | 2.62 | | 流通股本(亿股) | 2.62 | | ROE | 19.31% | | 12 月最高价(元) | 券 113.04 | | 12 月最低价(元) | 研 38.31 | | 股价走势 | 究 报 告 | | 资料来源：东莞证研究所，iFind | | 资料来源：东莞证研究所，iFind 买入（维持） 车载与无线网关业务放量，业绩实现同比增长 公 司 点 移远通信（603 ...

Company Overview - The company, Shanghai Esky Communication Technology Co., Ltd., was established on October 25, 2010, and went public on July 16, 2019. It specializes in the design, production, research and development, and sales of wireless communication modules and solutions in the Internet of Things (IoT) sector [2]. Stock Performance - As of September 3, the stock price of Esky Communication decreased by 2.00%, trading at 96.38 CNY per share, with a total market capitalization of 25.219 billion CNY. The stock has seen a year-to-date increase of 42.85%, but has dropped 12.13% in the last five trading days [1][2]. - The stock has experienced a 14.56% increase over the past 20 days and a 24.20% increase over the past 60 days [2]. Financial Performance - For the first half of 2025, Esky Communication reported a revenue of 11.546 billion CNY, representing a year-on-year growth of 39.98%. The net profit attributable to shareholders was 471 million CNY, showing a significant increase of 125.03% year-on-year [2]. - The company has distributed a total of 749 million CNY in dividends since its A-share listing, with 540 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 11.33% to 38,300, with an average of 6,831 circulating shares per shareholder, which increased by 12.78% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 16.636 million shares, an increase of 1.561 million shares compared to the previous period [3].

Group 1 - The core point of the article highlights the investment activities of private equity mogul Ge Weidong, who has emerged as a significant shareholder in several A-share listed companies as of the end of Q2 2025, with a total holding value of 3.029 billion yuan [1] - Ge Weidong maintains his positions in stocks such as Zhaoyi Innovation, Yiyuan Communication, and Zhenlei Technology, with no changes in shareholding [1] - In Q2, Ge Weidong entered the top ten circulating shareholders for Kuaijishan and Lafang Home, indicating a strategic move into consumer stocks, while also increasing his stake in Zhongsheng High-Tech [1] Group 2 - The specific holdings of Ge Weidong as of the end of Q2 2025 include: - Zhaoyi Innovation: 2.369 billion yuan, 1,872,200 shares, unchanged - Yiyuan Communication: 311 million yuan, 362,600 shares, unchanged - Zhenlei Technology: 192 million yuan, 412,190 shares, unchanged - Kuaijishan: 99 million yuan, 497,150 shares, newly entered - Lafang Home: 36 million yuan, 159,000 shares, newly entered - Zhongsheng High-Tech: 22 million yuan, 120,000 shares, increased position [1]