Core Viewpoint - Guanghe Tong (300638) has seen a significant decline in its stock price, reaching a new low since its listing, following its inclusion in the Hong Kong Stock Connect program, with a cumulative drop of over 20% since November 17 [1] Financial Performance - For the first three quarters of 2025, Guanghe Tong reported a revenue of 5.366 billion yuan, a year-on-year decrease of 13.69%. Excluding the impact of the wireless communication module business from Ruilin, the revenue from continuing operations increased by 7.32% [1] - The company achieved a net profit attributable to shareholders of 316 million yuan, down 51.50% year-on-year. Excluding the impact of the Ruilin wireless communication module business, the net profit from continuing operations decreased by 2.19% [1] Strategic Initiatives - Guanghe Tong is actively cultivating new growth areas in the AI and robotics sectors. In the AI toy segment, the company offers mature solutions, including communication modules, MagiCore chip box solutions, and complete products tailored to customer needs [1] - In the AR glasses segment, the company is accelerating large-scale implementation in collaboration with leading clients [1] - The robotics business focuses on two main directions: lawn mowing robots and embodied intelligent robots [1]

Core Viewpoint - Guanghe Tong (00638) has seen a significant decline in stock price, reaching a new low since its listing, following its inclusion in the Hong Kong Stock Connect program, with a cumulative drop of over 20% since November 17 [1] Financial Performance - For the first three quarters of 2025, Guanghe Tong reported a revenue of 5.366 billion yuan, a year-on-year decrease of 13.69%. Excluding the impact of the wireless communication module business from Ruilin, the revenue from continuing operations grew by 7.32% [1] - The net profit attributable to shareholders was 316 million yuan, down 51.50% year-on-year. Excluding the impact of the Ruilin business, the net profit from continuing operations decreased by 2.19% [1] Business Development - Guanghe Tong is actively cultivating new growth areas in edge AI and robotics. In the AI toy sector, the company offers mature solutions, including communication modules, MagiCore chip box solutions, and complete products tailored to customer needs [1] - In the AR glasses segment, the company is accelerating large-scale implementation in collaboration with leading clients [1] - The robotics business includes two main directions: lawn mowing robots and embodied intelligent robots [1]

Core Viewpoint - The Shenzhen Stock Exchange announced an adjustment to the list of eligible securities for the Hong Kong Stock Connect, effective from November 17, 2025, with Guanghetong being added to the list [1] Group 1 - The adjustment reflects ongoing changes in the market and aims to enhance investment opportunities for investors [1] - Guanghetong's inclusion may indicate its growing significance in the market and potential for increased trading volume [1]

Core Points - Guanghetong (300638) announced the convening of the fourth Strategic and Investment Committee's sixth meeting, the nineteenth meeting of the fourth Board of Directors, and the eighteenth meeting of the fourth Supervisory Board on November 17, 2025 [1] - The company approved the proposal to use part of its idle funds for entrusted wealth management, allowing the use of up to 360 million RMB for purchasing low-risk financial products [1] - The investment period for the entrusted wealth management is from November 17, 2025, to November 16, 2026, with the funds being able to be rolled over within this timeframe [1] Financial Management - The company, its wholly-owned subsidiaries, and holding subsidiaries will ensure that the use of idle funds does not affect normal production and operations [1] - The financial products to be purchased must have high safety, good liquidity, and be capital-preserving or low-risk [1] - The chairman of the company is authorized to make decisions and sign relevant documents within the approved limit from November 17, 2025, to November 16, 2026 [1]

Core Points - Guanghe Tong (00638) announced the convening of its fourth Strategic and Investment Committee's sixth meeting, the nineteenth meeting of the fourth Board of Directors, and the eighteenth meeting of the fourth Supervisory Board on November 17, 2025 [1] - The company approved a proposal to use part of its idle funds for entrusted wealth management, allowing the company, its wholly-owned subsidiaries, and holding subsidiaries to invest up to 360 million RMB in low-risk financial products [1] - The investment period for these funds is from November 17, 2025, to November 16, 2026, with the possibility of rolling usage within this timeframe and amount [1] - The chairman of the company is authorized to make decisions and sign relevant documents within the approved limit during the authorization period [1]

Group 1 - The core point of the article is that Guanghe Tong (SZ 300638) announced a board meeting to discuss the use of idle funds for entrusted wealth management [1] - For the year 2024, Guanghe Tong's revenue composition is heavily weighted towards IOT wireless communication applications, accounting for 99.67% of total revenue, with other sources contributing only 0.33% [1] - As of the report date, Guanghe Tong has a market capitalization of 22.6 billion yuan [1]

证券代码：300638 证券简称：广和通 公告编号：2025-078 1、深圳市广和通无线股份有限公司第四届监事会第十八次会议决议。 特此公告。 深圳市广和通无线股份有限公司（以下简称"公司"）第四届监事会第十八 次会议，于 2025 年 11 月 13 日发出会议通知，2025 年 11 月 17 日以现场会议方 式召开。本次会议应参与监事 3 名，实际参与监事 3 名。监事会主席陈绮华女士 主持本次会议，监事会会议的举行和召开符合国家有关法律、法规及《公司章程》 的规定。经充分讨论和审议，会议形成决议如下： 一、审议通过了关于使用部分自有闲置资金进行委托理财的议案 经审议，监事会同意公司、全资子公司及控股子公司在确保不影响正常生产 经营的情况下，使用不超过 3.6 亿元人民币的自有闲置资金进行委托理财，用于 购买安全性高、流动性好、保本或低风险的理财产品，使用期限自 2025 年 11 月 17 日至 2026 年 11 月 16 日。在上述使用期限及额度范围内，资金可以滚动使用， 并授权公司董事长在上述额度内行使决策权并签署相关文件，授权期限自 2025 年 11 月 17 日至 2026 年 11 月 ...

证券代码：300638 证券简称：广和通 公告编号：2025-077 深圳市广和通无线股份有限公司 第四届董事会第十九次会议决议公告 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。 深圳市广和通无线股份有限公司（以下简称"公司"）第四届董事会第十九次 会议，于 2025 年 11 月 13 日发出会议通知，2025 年 11 月 17 日以现场结合通讯 会议方式召开。本次会议应参与董事 6 名，实际参与董事 6 名，董事张天瑜先生、 许宁先生、吴承刚先生以通讯方式出席会议。公司全体监事、高级管理人员列席 会议。董事长张天瑜先生主持本次会议，董事会会议的举行和召开符合国家有关 法律、法规及《公司章程》的规定。经充分讨论和审议，会议形成决议如下： 一、审议通过了关于使用部分自有闲置资金进行委托理财的议案 经审议，董事会同意公司、全资子公司及控股子公司在确保不影响正常生产 经营的情况下，使用不超过 3.6 亿元人民币的自有闲置资金进行委托理财，用于 购买安全性高、流动性好、保本或低风险的理财产品，使用期限自 2025 年 11 月 17 日至 2026 年 11 月 ...

证券代码：300638 证券简称：广和通 公告编号：2025-079 深圳市广和通无线股份有限公司 关于使用部分自有闲置资金进行委托理财的公告 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。 重要内容提示： 1、 投资种类：用于购买安全性高、流动性好、有保本约定或低风险的理财 产品。包括但不限于结构性存款、大额存单、券商理财产品、国债逆回购、货币 型基金等，不用于其他证券投资，不购买股票及其衍生品、无担保债券为投资标 的的产品。 2、 投资金额：不超过 3.6 亿元人民币自有闲置资金进行委托理财，可循环 滚动使用。 3、 特别风险提示：金融市场受宏观经济的影响较大，不排除该项投资受到 市场波动等影响，公司委托理财投资实际收益不可预期，敬请广大投资者注意投 资风险。 一、基本情况概述 1、投资目的：为提高公司资金使用效率，在不影响正常生产经营的情况下， 合理利用部分自有闲置资金进行委托理财，增加资金收益，为公司及股东获取更 多的投资回报。 同时，公司将持续监控委托理财的进行、其项下交易及其于香港联合交易所 有限公司证券上市规则（"香港上市规则"）之影响。如有需要 ...

Core Viewpoint - Guanghe Tong (300638) experienced a decline of over 6%, with a current price of 18.7 HKD and a trading volume of 10.74 million HKD, following announcements regarding changes to its stock eligibility in the Hong Kong market [1] Financial Performance - For the first three quarters, Guanghe Tong reported a revenue of approximately 5.366 billion CNY, representing a year-on-year decrease of 13.69% [1] - The net profit attributable to shareholders for the same period was about 316 million CNY, down 51.5% year-on-year [1] - In the third quarter alone, the company achieved a revenue of 1.659 billion CNY, which is a year-on-year decrease of 22.56% [1] - The net profit attributable to the parent company in the third quarter was approximately 98.28 million CNY, reflecting a significant year-on-year decline of 69.14% [1] - Excluding the business of Ruiling Wireless, the company's revenue for the first three quarters showed a year-on-year growth of 7.32%, while the net profit attributable to the parent company decreased by 2.19% year-on-year [1]