◼ 布局车载前装市场，持续拓宽下游应用。车载信息终端是公司主要产品之一，20 23 营收占比近 50%，公司积极布局车载前装，目前已有相关产品订单，23 年 12 月公告与 AIoT 行业产品全生命周期研发与验证服务商易诚高科达成战略合作，易 诚高科核心团队均来自 SONY 消费电子研发中国、日本及瑞典团队技术与管理核 心人员，拥有超过 20 年通信行业从业经验，产品及解决方案覆盖车载 TCU 全栈 软件、中间件组件、协议栈、软件定制开发等，覆盖较多主机厂和Tier1厂商。双 方将聚焦汽车网联化关键技术，包括车载通信软硬件一体化产品及高阶车路协同 应用场景开发，AI 智能终端研发等，有利于公司加强汽车智能网联领域能力。同 时，公司持续拓展车辆保险、汽车金融、资产管理、动物溯源、共享经济、两轮 车智能化、冷链物流、工业路由器等相关应用，其中 2023 年冷链类营收约 1.17 亿元，同比增长 15.73%，高于整体增速，推出双 SIM 卡高性能 LTE Cat.4 工业路 由器、高性能 5G 双卡双模工业路由器，以及基于视觉技术和多传感器的 AI 融合 算法的 4G 行车记录仪 CV200、针对重型机械设备损耗 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) with a target price of 12.14 CNY [1]. Core Views - The company is a global leader in IoT solutions, showing significant growth in performance over the past two quarters, indicating a promising future [1]. - In 2023, the company achieved a revenue of 1.016 billion CNY, a year-on-year increase of 1.35%, while the net profit attributable to shareholders was 147 million CNY, a decrease of 11.40% [1]. - The company reported a strong revenue growth of 33.49% in Q4 2023, with a net profit of 48.54 million CNY, marking an 85.02% increase year-on-year [1]. - The first quarter of 2024 saw a revenue of 212 million CNY, a year-on-year growth of 20.49%, with a net profit of 35.44 million CNY, up 83.06% year-on-year [1]. Financial Data Summary - The company’s revenue is projected to grow significantly, with estimates of 1.365 billion CNY in 2024, 1.768 billion CNY in 2025, and 2.246 billion CNY in 2026, reflecting growth rates of 34.37%, 29.57%, and 27.02% respectively [3][5]. - The net profit attributable to shareholders is expected to reach 261 million CNY in 2024, 346 million CNY in 2025, and 452 million CNY in 2026, with growth rates of 77.53%, 32.71%, and 30.67% respectively [3][5]. - The company’s EBITDA is projected to be 274 million CNY in 2024, 370 million CNY in 2025, and 482 million CNY in 2026 [3][5]. Profitability and Margins - The gross margin for 2023 was 40.40%, an increase of 5.69 percentage points year-on-year, and is expected to remain stable around 40.48% in 2024 [1][6]. - The net profit margin for 2023 was 14.45%, with projections of 19.09% in 2024 and 19.55% in 2025 [6]. Market Position and Strategy - The company has a strong international market presence, with nearly 90% of its business coming from overseas in 2023, and is focusing on diversifying application scenarios [1]. - The company has established long-term stable partnerships with overseas clients and is enhancing its ODM capabilities to meet diverse customer needs [1]. - The company is actively exploring opportunities in artificial intelligence, IoT, and big data to provide comprehensive solutions for global clients [1].

国信证券股份有限公司 关于上海移为通信技术股份有限公司 使用部分闲置募集资金和自有资金进行现金管理额度的核查意 见 国信证券股份有限公司（以下简称"国信证券"或"保荐机构"）作为上海 移为通信技术股份有限公司（以下简称"移为通信"或"公司"）创业板向特定 对象发行股票并上市的保荐机构，根据《证券发行上市保荐业务管理办法》、《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相 关规定，经审慎核查，公司及其全资子公司拟在审批有效期内任一时点交易金额 不超过人民币 101,000 万元的资金进行现金管理，其中，闲置募集资金在任一时 点交易金额不超过人民币 21,000 万元，自有资金在任一时点交易金额不超过人 民币 80,000 万元。就该等事项，保荐机构发表核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于同意上海移为通信技术股份有限公 司向特定对象发行股票注册的批复》（证监许可[2021]518 号），公司向特定对象 发行 A 股股票 14,445,399 股，发行价格为 23.26 元/股，募集资金总额为人民币 335,999,980.74 元，扣除发行费用 ...

国信证券股份有限公司 关于上海移为通信技术股份有限公司 创业板向特定对象发行股票之保荐总结报告书 国信证券股份有限公司（以下简称"国信证券"或"保荐机构"）作为上海 移为通信技术股份有限公司（以下简称"移为通信"、"公司"或"发行人"）2020 年度向特定对象发行股票并在创业板上市的保荐机构，对移为通信履行持续督导 义务。截至 2023 年 12 月 31 日，本次向特定对象发行股票的持续督导期限已满。 根据《证券发行上市保荐业务管理办法》等相关规定，国信证券出具本保荐总结 报告书。 | 保荐机构名称 | 国信证券股份有限公司 | | --- | --- | | 保荐机构编号 | Z27074000 | 一、保荐机构及保荐代表人承诺 保荐总结报告书及其相关资料的内容不存在虚假记载、误导性陈述或重大遗 漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法律责任。 | 情况 | 内容 | | --- | --- | | 保荐机构名称 | 国信证券股份有限公司 | | 注册地址 | 深圳市罗湖区红岭中路 1012 号国信证券大厦十六层至二十六层 | | 主要办公地址 | 深圳市福田区福华一路 号国信金融大厦 1 ...

（一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意上海移为通信技术股份有限公司向特 定对象发行股票注册的批复》（中国证券监督管理委员会证监许可[2021]518 号） 同意注册，由主承销商国信证券股份有限公司采用向特定对象发行方式向财通基 金管理有限公司等 11 名特定认购对象发行人民币普通股（A 股）股票 14,445,399.00 股，每股发行价为人民币 23.26 元。截至 2021 年 8 月 17 日止，本 公司实际已向财通基金管理有限公司等 11 名特定认购对象发行人民币普通股（A 股）股票 14,445,399.00 股，实际募集资金总额为 335,999,980.74 元，扣除承销及 保荐费 3,710,000.00 元（含税）后，公司实际收到的募集资金为 332,289,980.74 1 国信证券股份有限公司 关于上海移为通信技术股份有限公司 2023 年度募集资金存放与使用情况的核查意见 国信证券股份有限公司（以下简称"国信证券"或"保荐机构"）作为上海 移为通信技术股份有限公司（以下简称"移为通信"或"公司"）向特定对象发 行股票的保荐机构，根据《证券发行上市保荐业 ...

国信证券股份有限公司 关于上海移为通信技术股份有限公司 2023年度内部控制自我评价报告的核查意见 根据《证券发行上市保荐业务管理办法》等有关法律法规和规范性文件的要 求，国信证券股份有限公司（简称"国信证券"或"保荐机构"）作为上海移为通信 技术股份有限公司（简称"移为通信"或"公司"）向特定对象发行股票的保荐机构， 就《上海移为通信技术股份有限公司2023年度内部控制自我评价报告》（以下简 称"评价报告"）出具核查意见如下： 一、保荐机构进行的核查工作 国信证券保荐代表人通过与公司董事、监事、高级管理人员、内部审计、注 册会计师等人员交谈，查阅了董事会、总经理办公会等会议记录、年度内部控制 自我评价报告、监事会报告，以及各项业务和管理规章制度，从公司内部控制环 境、内部控制制度的建设、内部控制的实施情况等方面对其内部控制制度的完整 性、合理性及有效性进行了核查。 二、公司内部控制评价工作情况 （一）内部控制评价范围 公司根据基本规范及相关配套指引的要求，按照风险导向原则确定纳入评价 范围的主要单位、业务和事项以及高风险领域。纳入评价范围的主要单位包括公 司及子公司，纳入评价范围的单位资产总额占公司合并财务 ...

证券代码：300590 证券简称：移为通信 公告编号：2024-015 上海移为通信技术股份有限公司 第四届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 上海移为通信技术股份有限公司（以下简称"公司"）第四届监事会第三次 会议于 2024 年 4 月 18 日（星期四）在上海市闵行区新龙路 500 弄 30 号 5 楼会议 室以现场结合通讯的方式召开。会议通知已于会议召开 10 日前通过邮件的方式送 达各位监事。本次会议由监事会主席提议召开，应出席监事 3 人，实际出席监事 3 人。 会议由监事会主席王晓桦女士主持，公司董事会秘书列席了本次会议。会议 召开符合《中华人民共和国公司法》（以下简称"公司法"）、《公司章程》和 《监事会议事规则》的有关规定。出席会议的监事对各项议案进行了认真审议并 做出了如下决议： 二、监事会会议审议情况 1、审议通过《公司 2023 年度监事会工作报告》 经审议，监事会认为：《公司 2023 年度监事会工作报告》客观、真实地反映 了监事会 2023 年度的工作情形，报告内容准确、 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 上海移为通信技术股份有限公司（以下简称"公司"）于 2024 年 4 月 18 日召 开公司第四届董事会第四次会议、第四届监事会第三次会议审议通过了《公司 2023 年度利润分配预案》，该议案尚需提交公司 2023 年度股东大会审议。现将有关情况 公告如下： 一、 公司 2023 年度利润分配预案 证券代码：300590 证券简称：移为通信 公告编号：2024-020 上海移为通信技术股份有限公司 关于2023年度利润分配预案的公告 公司第四届监事会第三次会议审议通过了《公司 2023 年度利润分配预案》，经 审核，监事会认为：公司 2023 年度利润分配预案符合公司当前的实际情况，且兼顾 了公司与股东利益，符合相关法律法规及《公司章程》的规定，有利于公司的持续 稳定健康发展。 经立信会计师事务所（特殊普通合伙）审计：合并报表范围内，2023 年度公司 实现归属于上市公司股东的净利润 146,748,172.08 元；母公司 2023 年度实现净利 润 107,606,957.03 元，公司拟按照相关规定，按母公 ...

上海移为通信技术股份有限公司 | 股东大会对现金分红具体方案进行审 | 公司公共邮箱、网络平台、召开投资者 | | --- | --- | | 议前，公司应当通过接听投资者电话、 | 见面会等多种渠道主动与股东特别是 | | 公司公共邮箱、网络平台、召开投资者 | 中小股东进行沟通和交流，充分听取中 | | 见面会等多种渠道主动与股东特别是 | 小股东的意见和诉求，及时答复中小股 | | 中小股东进行沟通和交流，充分听取中 | 东关心的问题。 | | 小股东的意见和诉求，及时答复中小股 | | | 东关心的问题。 | | 除上述修改外，《公司章程》中其他条款不变。修订后的《公司章程》需 经公司股东大会审议。 上海移为通信技术股份有限公司董事会 2024 年 4 月 22 日 | 修订前 | 修订后 | | --- | --- | | 第一百七十四条 股东大会对利润分 | 第一百七十四条 股东大会对利润分 | | 配方案作出决议后，公司董事会须在股 | 配方案作出决议后或公司董事会根据 | | 东大会召开后 2 个月内完成股利（或股 | 年度股东大会审议通过的下一年中期 | | 份）的派发事项。 | 分红条件和 ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 20% in the IoT segment, driven by strong demand in North America and Europe[4]. - The company's operating revenue for 2023 was CNY 1,015,760,380, representing a year-on-year increase of 1.35% compared to CNY 1,002,223,020 in 2022[26]. - The net profit attributable to shareholders of the listed company decreased by 11.40% to CNY 146,748,172 in 2023 from CNY 165,433,185 in 2022[26]. - The net cash flow from operating activities increased significantly by 371.49% to CNY 309,777,169 in 2023, compared to CNY 114,103,276 in 2022[26]. - The comprehensive gross profit margin for 2023 was 40.40%, an increase of 5.69% year-on-year, indicating improved profitability[56]. - The total amount of cash inflow from operating activities was ¥1,061,123,982.76, an increase of 10.18% from ¥963,077,836.63 in 2022[86]. - The total cash dividend amount, including other methods, is 93,971,315.86 yuan, accounting for 100% of the total distributable profit[154]. Market Expansion and Strategy - The company anticipates a revenue growth forecast of 25% for the next fiscal year, supported by new product launches and market expansion strategies[6]. - The company plans to expand its market presence in South America, targeting a 10% market share within the next two years[4]. - The company is currently developing an RFID low-orbit communication ear tag aimed at enhancing animal tracking capabilities, which is expected to enrich its product line in animal traceability[82]. - The company is focusing on the commercialization of 4G and 5G communication technology, which is expected to drive future revenue growth[105]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[104]. Research and Development - Investment in R&D increased by 30%, focusing on advanced technologies such as satellite positioning and wireless communication to enhance product competitiveness[6]. - The company has a research and development team of 295 people, accounting for over 58% of the total workforce, indicating a strong focus on innovation and technology development[51]. - The company launched 18 new products in 2023, including industrial routers and AI-integrated smart driving recorders, catering to diverse global customer needs[59]. - Research and development expenses for 2023 totaled ¥121,451,577.08, representing 11.96% of operating revenue, up from 11.31% in 2022[84]. Risks and Challenges - The company faces risks from international trade tensions, which could impact sales in key markets, particularly in North America and Europe[4]. - Fluctuations in the RMB exchange rate could affect the company's overseas revenue, as a significant portion of income is derived from international markets[8]. - The overall growth potential remains contingent on macroeconomic conditions and technological advancements in the IoT industry[11]. Corporate Governance - The company has established a governance structure that includes a board of directors, supervisory board, and management team to ensure clear responsibilities and effective checks and balances[171]. - The company has a board consisting of 5 members, including 2 independent directors, ensuring a diverse governance structure[126]. - The company has established a compensation committee to evaluate and determine the remuneration of senior management based on performance metrics[136]. - The company has updated its governance structure in 2023, including revisions to its articles of association and the establishment of new rules for independent directors[119]. Employee and Management Structure - The total number of employees at the end of the reporting period is 501, with 215 in the parent company and 286 in major subsidiaries[147]. - The professional composition includes 96 sales personnel, 295 technical personnel, 10 financial personnel, 17 administrative personnel, and 83 management personnel[147]. - The company has a total of 5 senior management personnel, including the general manager and deputy general manager[130]. Shareholder and Dividend Information - The board approved a cash dividend of 1.5 RMB per 10 shares, reflecting a commitment to returning value to shareholders despite market volatility[12]. - The company has maintained a cash dividend policy for 7 consecutive years, with total cash dividends amounting to 285 million yuan, representing 32% of the net profit over this period[64]. - The company plans to distribute cash dividends of 1.5 yuan per 10 shares, totaling 68,411,367 yuan (including tax) based on a total share capital of 456,075,780 shares[156]. Compliance and Regulatory Matters - The company has received approval from the China Securities Regulatory Commission for its fundraising activities, ensuring regulatory compliance[102]. - The company has established an independent financial accounting system and has its own bank accounts, ensuring financial autonomy[121]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[169]. Product and Technology Development - The integration of AI and IoT technologies is expected to drive the development of AIoT, with a market size projected to reach $23.27 billion by 2026[39]. - The company focuses on high-end markets, providing IoT terminal devices that integrate various systems, including satellite positioning and communication systems, serving over 140 countries[44]. - The company is exploring 6G technology and accelerating the integration of artificial intelligence to meet market demands[111]. Investor Relations - The company has actively engaged with investors through various communication channels, including online platforms and in-person meetings[115]. - The company is committed to protecting minority shareholders' interests and preventing related party transactions[141].