一、 监事会会议召开情况 证券代码：603236 证券简称：移远通信 公告编号：2023-043 上海移远通信技术股份有限公司 第三届监事会第十三次会议决议公告 本公司监事会及全体监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。 经审核，监事会认为：公司《2023 年半年度报告及摘要》的编制和审核议程 符合法律、法规、《公司章程》和内部管理制度的各项规定；公司《2023 年半年 度报告及摘要》的内容和格式符合中国证监会和上海证券交易所的各项规定，所 包含的信息能从各个方面真实地、公允地反映出公司 2023 年半年度的财务状况 和经营成果等事项；报告内容真实、准确、完整，不存在任何虚假记载、误导性 陈述或者重大遗漏；半年度报告编制过程中，没有发现参与报告编制和审议的人 员有违反保密规定的行为。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的 《2023 年半年度报告》、《2023 年半年度报告摘要》。 表决结果：3 票同意、0 票反对、0 票弃权。 上海移远通信技术股份有限公司（以下简称"公司"）第三届监事会第十三 ...

上海移远通信技术股份有限公司控股股东减持股份 计划公告 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。 重要内容提示： 证券代码：603236 证券简称：移远通信 公告编号：2023-047 大股东持股的基本情况 截至本公告披露日，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%。 减持计划的主要内容 钱鹏鹤先生因个人资金需求，通过集中竞价、大宗交易方式减持其所持有公 司股份不超过 5,291,400 股，占公司总股本的 2%。钱鹏鹤先生拟采取集中竞价 方式减持公司股份的，将在公司减持计划公告披露之日后的 15 个交易日后的 6 个月内进行；拟采取大宗交易方式减持公司股份的，将在公司减持计划公告披露 之日后的 3 个交易日后的 6 个月内进行。且在任意连续 90 日内，以集中竞价交 易方式减持的股份数量不超过公司总股本的 1%（钱鹏鹤与宁波移远投资合伙企 业（有限合伙）的减持数量合并计算）；以大宗交易方式减持的股份数量不 ...

证券代码：603236 证券简称：移远通信 公告编号：2023-042 公司按照中国证监会、上海证券交易所有关要求编制了 2023 年半年度报告 及摘要，具体内容详见同日披露于上海证券交易所网站（www.sse.com.cn）的 《2023 年半年度报告》、《2023 年半年度报告摘要》。 上海移远通信技术股份有限公司 第三届董事会第十四次会议决议公告 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。 一、 董事会会议召开情况 上海移远通信技术股份有限公司（以下简称"公司"）第三届董事会第十四 次会议通知于 2023 年 8 月 4 日以书面方式发出，本次会议于 2023 年 8 月 14 日 以现场结合通讯方式召开。会议应出席董事 5 人，实际出席会议的董事 5 人，会 议由董事长钱鹏鹤先生主持。本次董事会会议的召集、召开和表决程序符合有关 法律、法规、部门规章、规范性文件和《公司章程》的规定。 二、 董事会会议审议情况 本次董事会会议形成了如下决议： （一）审议通过了《关于公司 2023 年半年度报告及摘要的议案》 上海移远 ...

证券代码：603236 证券简称：移远通信 公告编号：2023-044 上海移远通信技术股份有限公司 2023 年半年度募集资金存放与实际使用情况的 专项报告 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。 根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求（2022 年修订）》、《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》以及《上海证券交易所上市公司自律监管指南第 1 号——公告格式（2023 年 4 月修订）》的相关规定，上海移远通信技术股份有限公司（以下简称"移远通 信"或"公司"、"本公司"）将 2023 年半年度募集资金存放与实际使用情况专项 说明如下： 一、 募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会下发的证监许可[2021]174 号《关于核准上海移 远通信技术股份有限公司非公开发行股票的批复》核准，公司向社会公开发行人 民币普通股（A 股）4,807,714 股，发行价格为 221.20 元/股，募集资金总额为 人民币 1,063, ...

证券代码：603236 证券简称：移远通信 公告编号：2023-045 期稳定发展。 一、 基本情况 公司于 2021 年 10 月 14 日召开第三届董事会第二次会议审议通过了《关于 签订厂房代建及回购合作协议的议案》，合作协议为"代建-租赁-回购"的合作模 式，同意公司的子公司常州移远通信技术有限公司（简称"常州移远"）将其持 有的常州移进通信技术有限公司（简称"常州移进"）100%股权转让给常州武南 标准厂房投资发展有限公司（简称"常州武南"），由常州武南代建常州移进的厂 房项目，代建金额不超过 4 亿元。在厂房项目竣工验收并移交后的五年内，常州 移远回购常州移进 100%股权。在厂房项目竣工验收后、回购前，由常州移远租 赁使用厂房。具体内容详见公司在上海证券交易所网站披露的《关于签订厂房代 建及回购合作协议的公告》（公告编号：2021-063）。 二、 项目进展情况 移远通信全球智能制造中心近日已通过常州市武进区建设工程管理中心的 竣工验收审批，后续将按照规划进行试产投产等工作。关于厂房代建及回购事项， 公司将根据未来进展情况，及时履行信息披露义务。 三、 项目实施对上市公司的影响 公司全球智能制造中 ...

证券代码：603236 证券简称：移远通信 公告编号：2023-025 上海移远通信技术股份有限公司 关于参加沪市数字经济产业链上市公司 2022 年 度暨 2023 年第一季度集体业绩说明会的公告 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。 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度以及 2023 年 第一季度的经营情况及财务指标的具体情况与投资者进行互动交流和沟通，在信 息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 会议主题：沪市数字经济产业链上市公司集体业绩说明会 会议召开方式：上证路演中心网络互动 （一）会议召开时间：2023 年 5 月 18 日(星期四)上午 10:00-11:00 重要内容提示： 会议召开时间：2023 年 5 月 18 日(星期四)上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/roadshowDispl ...

Financial Performance - In 2022, the company's operating revenue reached ¥14,230,246,484.07, representing a year-on-year increase of 26.36% compared to ¥11,261,921,747.51 in 2021[20]. - The net profit attributable to shareholders increased by ¥265 million, a year-on-year growth of 73.94%, driven by steady growth in 5G modules and improved supply chain management[23]. - The company achieved a revenue of 14.23 billion RMB, representing a year-on-year growth of 26.36%[84]. - The net profit attributable to shareholders was 623 million RMB, an increase of 73.94% compared to the previous year[84]. - The net profit attributable to shareholders of the listed company for 2022 was ¥622,818,433.13, representing a 73.94% increase compared to ¥358,060,203.50 in 2021[188]. - The net profit after deducting non-recurring gains and losses was ¥481,831,039.58, up 43.68% from ¥335,345,811.53 in the previous year[188]. - The total assets of the company increased by 26.21% to ¥10,273,173,226.84 at the end of 2022, compared to ¥8,140,021,182.48 at the end of 2021[188]. - The basic earnings per share for 2022 was ¥3.30, a 71.88% increase from ¥1.92 in 2021[188]. - The weighted average return on net assets increased to 17.98% in 2022, up by 5.26 percentage points from 12.72% in 2021[188]. Research and Development - Research and development investment for 2022 amounted to ¥1.335 billion, accounting for 9.38% of operating revenue, with a year-on-year growth of 30.59%[33]. - R&D expenses increased by 30.59% to ¥1,334,713,635.65 in 2022 from ¥1,022,032,952.38 in 2021, primarily due to an expansion in the R&D workforce and increased salaries and depreciation[107]. - The number of R&D personnel increased to 4,520, representing 76.18% of the total workforce, with a majority aged under 40[109]. - The company actively participated in the development of over 30 5G R17 communication standards proposals and submitted more than 10 technical standard proposals for R18, focusing on key technologies such as NTN and vehicle communication[197]. - The company is a member of GSMA's 5G IoT strategic group, engaging in discussions on energy-saving and precise positioning technologies[197]. Market and Industry Trends - The global cellular IoT module shipment volume was 443 million units in 2022, with projections to reach 865 million units by 2027[48]. - By the end of 2022, the number of cellular IoT terminal users in China reached 1.845 billion, accounting for nearly 70% of the global total[53]. - The smart city market in China is expected to reach 25 trillion yuan in 2022[71]. - The adoption rate of 5G in China is expected to reach 88% by 2030, with 1.6 billion connections[62]. - The new energy vehicle sales in China grew by 93.4% year-on-year, achieving a market share of 25.6%[67]. - The digital economy's core industry value-added is projected to account for 10% of GDP by 2025[60]. - The global edge computing market was valued at $14.788 billion in 2022 and is projected to reach $66.478 billion by 2030[65]. - The domestic edge computing market reached 42.79 billion yuan in 2021, with a projected compound annual growth rate of 46.81% from 2021 to 2025[66]. Corporate Governance and Compliance - The board of directors operates under strict compliance with legal and regulatory requirements, ensuring effective governance and protection of shareholder rights[146]. - The company’s major decisions are made independently of the controlling shareholder, maintaining a complete business system and market-oriented operations[146]. - The company has established specialized committees within the board to enhance decision-making efficiency and professionalism[146]. - The total pre-tax remuneration for the chairman and general manager was CNY 111.40 million, reflecting the company's commitment to competitive compensation for leadership[152]. - The company has successfully convened all shareholder meetings in compliance with relevant regulations, ensuring effective governance and shareholder engagement[146]. - The company has not faced any penalties from securities regulatory agencies in the past three years[161]. Strategic Initiatives and Partnerships - The company has established strategic partnerships with major domestic telecom operators and has been recognized for its market performance in the digital transformation of the terminal industry[34]. - The company aims to leverage its technological advantages to drive product development across various sectors, contributing to the digital economy[35]. - The company has established long-term strategic partnerships in high-end markets, particularly in smart metering, two-wheeled vehicles, and smart industrial applications[41]. - The company has established eight R&D centers globally to drive technological innovation and respond to market changes and customer needs[138]. - The company has established partnerships with other firms, including investment committees and collaborative projects to enhance its market position[167]. Financial Management - The company reported a significant increase in long-term borrowings, rising by 318.40% to ¥973,030,925.90, primarily due to new mortgage loans[114]. - Cash and cash equivalents increased by 94.06% to ¥2,198,895,359.92, driven by improved cash collection from sales[112]. - Accounts receivable grew by 30.65% to ¥2,056,369,637.41, reflecting an increase in sales revenue and extended credit terms to customers[112]. - The company reported a decrease in cash flow from financing activities by 59.82%, primarily due to reduced funds from non-public stock issuance[84]. - The company faced a significant increase in credit impairment losses, which rose by 166.77% due to higher accounts receivable balances[88]. - Financial expenses turned from a gain of ¥-12,454,145.47 in 2021 to a loss of ¥110,320,303.72 in 2022, attributed to currency exchange losses from USD settlements and increased interest expenses on bank loans[107]. Product Development and Innovation - The integration of AI and IoT technologies is a key focus, with over 20 different models of smart modules available, enhancing capabilities in various industries[36]. - The company has launched multiple AI smart modules and 5G+AI modules for edge computing and machine vision applications[66]. - The company has introduced a high-performance nine-in-one 5G combination antenna in 2022, enhancing its antenna product offerings[41]. - The company plans to continue expanding its product offerings and customer base, particularly in the 5G and IoT sectors[93]. - The company aims to enhance its technological innovation capabilities and product quality while expanding cooperation with operators and core chip suppliers[138]. Operational Efficiency - The company implemented a strict procurement process to ensure efficient supply chain management and quality control[77]. - The company has implemented measures to optimize supply chain management and maintain close contact with suppliers to mitigate raw material market risks[142]. - The company reported a decrease in the fair value of other equity investments by RMB 13,537,256.43, resulting in a year-end value of RMB 51,462,716.57[132]. - The company has established a more robust marketing and technical support team to enhance localized service capabilities for global customers[141]. - The company will integrate data across procurement, R&D, production, sales, and finance to enhance operational execution and control capabilities[141].

[Key Financial Highlights](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section provides an overview of the company's key financial performance and indicators for the reporting period [Overview of Key Financial Data and Indicators](index=1&type=section&id=%28%E4%B8%80%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2023, the company experienced stable revenue growth but a significant net loss due to market conditions and increased R&D, while operating cash flow remained robust Q1 2023 Core Financial Indicators | Indicator | Current Period | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 3.14 billion CNY | 2.58% | | Net Profit Attributable to Shareholders of Listed Company | -134.91 million CNY | -209.14% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | -145.64 million CNY | -237.59% | | Net Cash Flow from Operating Activities | 278.47 million CNY | Not Applicable | | Basic Earnings Per Share (CNY/share) | -0.71 CNY | -209.23% | | Weighted Average Return on Net Assets | -3.69% | Decreased by 7.47 percentage points | - The significant decline in net profit is primarily due to two factors: **slower revenue growth** influenced by market conditions, and **substantial increases in R&D investment** for new businesses and product lines to prepare for future development[37](index=37&type=chunk) - **Net cash flow from operating activities performed well**, mainly benefiting from a **higher collection rate of customer payments** in the current period, which increased operating cash inflows[37](index=37&type=chunk) [Non-recurring Gains and Losses](index=2&type=section&id=%28%E4%BA%8C%29%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for the period amounted to **10.74 million CNY**, primarily from government subsidies and fair value changes in financial assets/liabilities Q1 2023 Major Non-recurring Gains and Losses Items | Item | Amount (CNY) | | :--- | :--- | | Government subsidies recognized in current profit/loss | 6.19 million | | Gains/losses from fair value changes of transactional financial assets/liabilities and investment income | 5.10 million | | Net non-operating income and expenses | -1.56 million | | Gains/losses on disposal of non-current assets | -16.42 thousand | | **Total** | **10.74 million** | [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section details the company's shareholder structure, including the total number of shareholders and the holdings of its top ten shareholders [Total Number of Shareholders and Top Ten Shareholders](index=3&type=section&id=%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had **20,957 common shareholders**, with controlling shareholder Mr. Qian Penghe holding **22.74%**, indicating a relatively concentrated equity structure dominated by individuals and investment institutions among the top ten - As of the end of the reporting period, the company had a total of **20,957 common shareholders**[38](index=38&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Number of Shares | Shareholding Ratio (%) | | :--- | :--- | :--- | | Qian Penghe | 42,982,541 | 22.74 | | Ningbo Yiyuan Investment Partnership (Limited Partnership) | 12,326,577 | 6.52 | | Hong Kong Securities Clearing Company Limited | 3,703,201 | 1.96 | | Shanghai Xingzhi Venture Capital Co., Ltd. | 3,196,627 | 1.69 | | Shanghai Chongyang Strategic Investment Co., Ltd. - Chongyang Strategic Juyuan Fund | 3,089,930 | 1.64 | | Ge Guilian | 3,047,836 | 1.61 | | Penghua Fund - China Life... | 2,706,673 | 1.43 | | Ge Weidong | 2,600,000 | 1.38 | | Zhang Dong | 2,534,800 | 1.34 | | China Resources SZITIC Trust Co., Ltd. -... | 2,343,530 | 1.24 | - Controlling shareholder Mr. Qian Penghe is also the executive partner of Ningbo Yiyuan Investment Partnership (Limited Partnership), the second largest shareholder, holding a **0.43%** stake, indicating a concerted action relationship[40](index=40&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2023, total assets were **10.65 billion CNY**, up **3.65%** from year-end, total liabilities were **7.05 billion CNY** with a **66.2%** debt-to-asset ratio, and equity attributable to shareholders was **3.60 billion CNY**, down **3.20%** due to the current period's net loss Key Balance Sheet Items | Item | March 31, 2023 (CNY) | December 31, 2022 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 10.65 billion | 10.27 billion | 3.65% | | Total Liabilities | 7.05 billion | 6.55 billion | 7.57% | | Total Equity Attributable to Parent Company Shareholders | 3.60 billion | 3.72 billion | -3.20% | [Consolidated Income Statement](index=8&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2023, the company achieved **3.14 billion CNY** in operating revenue, up **2.58%** year-over-year, but recorded a net loss attributable to parent company shareholders of **134.91 million CNY**, a **209.14%** decrease, primarily due to significant increases in costs and expenses, especially R&D Core Income Statement Data (Q1 2023 vs Q1 2022) | Item | Q1 2023 (CNY) | Q1 2022 (CNY) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3.14 billion | 3.06 billion | 2.58% | | Total Operating Costs | 3.29 billion | 2.95 billion | 11.46% | | R&D Expenses | 439.38 million | 275.66 million | 59.39% | | Operating Profit | -132.42 million | 123.14 million | -207.55% | | Net Profit Attributable to Parent Company Shareholders | -134.91 million | 123.61 million | -209.14% | - R&D expenses increased by **59.39%** year-over-year, from **275.66 million CNY** to **439.38 million CNY**, a key factor contributing to the significant decline in current period profit[24](index=24&type=chunk) [Consolidated Cash Flow Statement](index=10&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) During the reporting period, net cash flow from operating activities significantly improved to **278.47 million CNY** from **-15.68 million CNY** year-over-year, driven by strong sales collections, while net cash inflow from financing activities was **261.29 million CNY** mainly from bank borrowings, increasing period-end cash and equivalents to **2.69 billion CNY** Key Cash Flow Statement Data (Q1 2023 vs Q1 2022) | Item | Q1 2023 (CNY) | Q1 2022 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 278.47 million | -15.68 million | | Net Cash Flow from Investing Activities | -39.56 million | -84.89 million | | Net Cash Flow from Financing Activities | 261.29 million | 219.19 million | | Net Increase in Cash and Cash Equivalents | 490.72 million | 116.43 million | [Accounting Standard Change Adjustments](index=12&type=section&id=%28%E4%B8%89%292023%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E6%88%96%E5%87%86%E5%88%99%E8%A7%A3%E9%87%8A%E7%AD%89%E6%B6%89%E5%8F%8A%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E7%9A%84%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) Effective 2023, the company adopted Accounting Standard Interpretation No. 16 regarding deferred income tax for assets and liabilities from specific transactions, retrospectively adjusting the opening 2023 financial statements with minor impacts on retained earnings and deferred tax assets - The company retrospectively adjusted its consolidated balance sheet as of January 1, 2023, due to the initial adoption of Accounting Standard Interpretation No. 16[28](index=28&type=chunk) Impact of Accounting Standard Change on Opening Financial Statements | Item | Before Adjustment (CNY) | After Adjustment (CNY) | Adjustment Amount (CNY) | | :--- | :--- | :--- | :--- | | Deferred Income Tax Assets | 20.84 million | 20.84 million | -5.79 thousand | | Retained Earnings | 1.27 billion | 1.27 billion | -5.79 thousand | | Total Assets | 10.27 billion | 10.27 billion | -5.79 thousand |

投资者关系活动记录表 证券代码：603236 证券简称：移远通信 上海移远通信技术股份有限公司 | --- | --- | --- | --- | |-------|-------------------|--------------------------------------|--------------------------------------------------------------| | 时 间 | | 2022/11/2 2022/11/16 | | | 地 点 | | 公司会议室 | | | | | ■特定对象调研 | □新闻发布会 | | | | □分析师会议 | □路演活动 | | | 调研形式 | □电话会议 | □现场参观 | | | | □网络会议 | □业绩说明会 | | | | □媒体采访 | □其他 | | 名称 | 来访人员 | | 申万宏源、海通自营、弘毅远方基金、东北证券、国联证券 | | | 公司接待 | 董事会秘书 郑雷 | | | 人员 | | 证券事务代表 王凡 | | | | | 一、问题交流 | | | | | 1 、 | 公司对今年四季度的展望以 ...

Group 1: Company Overview and Competitive Advantages - The company offers a diverse range of products tailored to customer needs, ensuring high customer loyalty [2] - It has a comprehensive chip platform coverage and maintains close cooperation with domestic and international suppliers, allowing for rapid product launches [2] - The company has eight R&D centers globally and provides localized pre-sales and after-sales technical support in over 150 countries and regions [2] - It has over 3,000 product certifications, facilitating easier global market access for customer products [2] - The company owns factories in Hefei and Changzhou, along with overseas subcontractors, ensuring timely delivery [2] Group 2: Market Dynamics and Pricing Strategy - The Chinese market is more price-sensitive compared to overseas markets, influencing the company's pricing strategy [3] - The company adapts its pricing strategy based on actual customer needs and market competition [3] Group 3: Revenue Growth and Future Outlook - The IoT module industry is experiencing rapid growth, with ABI Research predicting global cellular module shipments to reach 1.243 billion units by 2027 [3] - The company is actively expanding its global market presence and enhancing customer loyalty through localized services [3] - The company aims to diversify its business beyond modules, exploring new areas such as cloud services, antennas, smart cities, and GNSS [3][4] - The company anticipates sustained revenue growth driven by innovation and a stable supply chain [3][4] Group 4: Challenges and Strategic Responses - The chip shortage had a slight impact on the company's gross margin, but the situation has improved, leading to a recovery in gross margin [4] - R&D expenses are expected to grow, but the R&D expense ratio may gradually decline as the company scales [4] - The company sees no ceiling for growth in the IoT sector over the next 5-10 years, with plans for new business areas to significantly contribute to revenue [4]