Group 1 - The board meeting of Guanghe Tong (00638.HK) is scheduled for October 29, 2025, to consider and approve the company's performance for the nine months ending September 30, 2025 [1]

Group 1 - The company Guanghetong has successfully listed its H-shares for trading in the overseas market [1]

证券代码：300638 证券简称：广和通 公告编号：2025-072 深圳市广和通无线股份有限公司 关于控股股东及实际控制人持股比例被动稀释 跨越 5%整数倍及触及 1%刻度的提示性公告 公司控股股东、实际控制人张天瑜先生保证向公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、张天瑜先生本次权益变动原因为： （1）2023年2月，张天瑜先生实施股份减持计划，导致其持股比例由38.05% 减少至 37.15%。张天瑜先生已于 2023 年 2 月 3 日通过公司在巨潮资讯网披露了 《关于控股股东、实际控制人减持公司股份超过 1%暨股份减持计划提前结束的 公告》（公告编号：2023-006）。 （2）2023 年 5 月至 2025 年 2 月，公司实施股权激励计划、权益分派、向 特定对象发行股份等，导致张天瑜先生持股比例由 37.15%被动稀释至 36.78%。 2、因公司实施股权激励计划，2023 年 5 月 19 日，公司完成 2021 年股权激 励计划及 2022 年股权激励计划 82,673 股 ...

证券代码：300638 证券简称：广和通 公告编号：2025-071 深圳市广和通无线股份有限公司 关于境外上市外资股（H 股）挂牌并上市交易的公告 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。 深圳市广和通无线股份有限公司（以下简称"公司"）正在进行发行境外上 市外资股（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）主 板挂牌上市（以下简称"本次发行上市"）的相关工作。 二О二五年十月二十二日 经香港联交所批准，公司本次发行的 135,080,200 股 H 股股票（行使超额配 售权之前）于 2025 年 10 月 22 日在香港联交所主板挂牌并上市交易。公司 H 股 股票中文简称"廣和通"，英文简称"FIBOCOM"，股票代码"0638"。 本次发行上市完成后，公司持股 5%以上的股东及其一致行动人持股变动情 况如下： | | 本次发行上市前 | 假设超额配售选择权 | | 本次发行上市日后 | | | | --- | --- | --- | --- | --- | --- | --- | | 股东 名称 | | | | | 假设超额配售选 ...

Core Viewpoint - Guanghetong Wireless Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 2.911 billion, but its stock performance has been disappointing, closing down 11.72% from the issue price on the first day of trading [1][2]. Fundraising and Investor Participation - Guanghetong issued about 135 million H-shares at an offer price of HKD 21.5, with net proceeds of approximately HKD 2.811 billion after deducting issuance costs of HKD 93.6 million [1]. - Key cornerstone investors include Qindao Gantong, Pacific Asset Management, China Taiping (Hong Kong), and others, collectively subscribing for HKD 1.26 billion [2]. Stock Performance - The stock opened at HKD 21.5 but closed at HKD 18.98, resulting in a market capitalization of HKD 17.092 billion, which is significantly lower than its A-share market cap of RMB 21 billion [2]. Financial Performance - For the first half of the year, Guanghetong reported revenue of RMB 2.48 billion, with a profit decline of 31% year-on-year [3][8]. - Revenue projections for 2022, 2023, and 2024 are RMB 5.2 billion, RMB 5.65 billion, and RMB 6.97 billion, respectively, with corresponding gross profits of RMB 1.066 billion, RMB 1.187 billion, and RMB 1.267 billion [6][7]. Business Overview - Guanghetong specializes in wireless communication modules, offering products such as data transmission modules, smart modules, and AI modules, with applications in automotive electronics, smart homes, consumer electronics, and smart retail [5]. - The company has acquired 100% of Shenzhen Ruiling to expand its presence in the overseas automotive market, but plans to divest this business by July 2024 due to challenging international market conditions [5]. Shareholding Structure - As of June 30, 2025, Zhang Tianyu holds a 36.78% stake in the company, while other significant shareholders include Ying Lingpeng and New Yu Guanghe Chuanghong Investment Partnership [12][18].

Core Viewpoint - Guanghetong Wireless Co., Ltd. (stock codes: 300638.SZ, 00638.HK) was listed on the Hong Kong Stock Exchange, closing at HKD 18.98, down 11.72% from its issue price, with an intraday low of HKD 18.89 [1] Summary by Sections Share Issuance and Capital Structure - The total number of shares issued under the global offering was 135,080,200 H-shares, with 13,508,200 shares for the Hong Kong public offering and 121,572,000 shares for international offering [2] - The number of shares issued at listing (before the exercise of the over-allotment option) was 900,533,742 [2] Key Investors - The cornerstone investors included Qindao Gantong, Pacific Asset Management, China Taiping (Hong Kong), GF Fund Management, GF International, Ruihua Investment, Zhidu Investment, Zhang Xiaolei, Guotai Junan Securities Investment, and Junyi Hong Kong Fund [5] Pricing and Proceeds - The final offer price was HKD 21.50, with total proceeds amounting to HKD 2,904.2 million, and net proceeds after estimated listing expenses of HKD 93.6 million were HKD 2,810.6 million [7] - Approximately 55% of the net proceeds are expected to be allocated for R&D, particularly in AI and robotics technology innovation and product development [7] Use of Proceeds - About 15% of the net proceeds is planned for building manufacturing facilities in Shenzhen, China, primarily for module products [7] - 10% of the net proceeds is expected to be used for repaying certain interest-bearing bank loans [7] - Another 10% is anticipated for strategic investments and/or acquisitions, focusing on companies in wireless communication, AI, robotics, and other complementary fields [7] - The remaining 10% is expected to be used for working capital and other general corporate purposes [7] Company Overview - Guanghetong is a provider of wireless communication modules, offering products such as data transmission modules, smart modules, and AI modules [8] - The company provides customized solutions based on its module products, including edge AI solutions, robotic solutions, and other applications [8]

Core Viewpoint - Guanghe Tong (300638) has listed today but is experiencing a significant decline in share price, dropping over 8% shortly after opening [1] Group 1: Company Performance - In the first half of 2025, the company reported a revenue of 3.707 billion yuan, a year-on-year decrease of 9.02%, and a net profit attributable to shareholders of 218 million yuan, down 34.66% [1] - The company's net profit excluding non-recurring items was 202 million yuan, reflecting a decline of 36.06% year-on-year [1] - Excluding the impact of Ruilin's wireless vehicle-mounted pre-installation business, the company's revenue grew by 23.49% year-on-year, and net profit attributable to shareholders increased by 6.54% [1] Group 2: Industry Developments - Haitong International noted that the company's AI edge layout has entered the stage of industrial implementation, with the launch of the Fibocom AIStack technology platform [1] - The company has developed various solutions, including for cameras, toys, trackers, and MiFi devices, and has achieved mass production of its lawnmower solutions [1] - New RTK visual fusion positioning solutions have been established in collaboration with leading companies in the multi-legged robot sector [1] - The company plans to raise funds through its Hong Kong listing to further invest in AI modules and robotics, accelerating its industrial layout [1]

Group 1 - Guanghe Tong (00638.HK) debuted on the stock market today, opening flat before experiencing a downward trend, currently down over 8% [2] - As of the latest update, the stock has decreased by 8.65%, trading at HKD 19.64, with a transaction volume of HKD 396 million [2]

Group 1 - Guanghe Tong (00638) debuted today with a significant decline, currently down 8.65% at HKD 19.64, with a trading volume of HKD 396 million [1] - Guanghe Tong is a leading enterprise in the A-share wireless communication module sector, with products covering automotive electronics, smart home, consumer electronics, and smart retail [1] - In the first half of 2025, the company reported a revenue of CNY 3.707 billion, a year-on-year decrease of 9.02%, and a net profit attributable to shareholders of CNY 218 million, down 34.66% [1] Group 2 - Excluding the impact of Ruilin's wireless vehicle-mounted pre-installation business, the company's revenue grew by 23.49% year-on-year, and net profit attributable to shareholders increased by 6.54% [1] - Haitong International noted that the company's AI edge layout has entered the industrial implementation phase, with the launch of the Fibocom AIStack technology platform supporting efficient inference of mainstream models across different chip platforms [1] - The company plans to use funds raised from its Hong Kong listing to further invest in AI modules and robotics, accelerating its industrial layout [1]

Group 1 - The core point of the news is that Guanghetong experienced a decline of 5.01% in its stock price, closing at 28.43 yuan per share, with a trading volume of 545 million yuan and a turnover rate of 3.55%, resulting in a total market capitalization of 21.762 billion yuan [1] - Guanghetong, established on November 11, 1999, and listed on April 13, 2017, primarily engages in the design, research and development, and sales services of wireless communication modules, with 99.38% of its revenue coming from this segment [1] Group 2 - From the perspective of major fund holdings, Taiping Fund has one fund heavily invested in Guanghetong, specifically Taiping Industry Selection A (009537), which reduced its holdings by 70,200 shares in the second quarter, now holding 324,100 shares, accounting for 5.46% of the fund's net value, ranking as the seventh largest holding [2] - The fund has reported a floating loss of approximately 486,200 yuan as of the latest update [2] Group 3 - The fund manager of Taiping Industry Selection A (009537) is Lin Kaisheng, who has been in the position for 8 years and 169 days, with the fund's total asset size at 396 million yuan [3] - During Lin's tenure, the best fund return was 82.29%, while the worst return was -12.31% [3]