Summary of Guanghetong's Conference Call Company Overview - **Company**: Guanghetong - **Year**: 2025 - **Key Financials**: - Net profit increased by 6.54% year-on-year, driven by rapid growth in FWA (Fixed Wireless Access) and solution businesses, with solution revenue up by 160.2% [2][3] - Revenue for the first half of 2025 reached 3.707 billion yuan, with net profit attributable to shareholders at 218 million yuan [3] Industry Insights - **FWA Business**: - Accounts for approximately 40% of total revenue, with a year-on-year growth of 110% [3] - Significant growth potential in North America and India, with 5G penetration below 10% in North America and initial construction in India [2][13] - Expected revenue growth of 50% for FWA business in 2025 [2][24] - **AI and Robotics**: - Launched Fedcom AI Stack technology platform and developed various AI industry models for applications in AI toys, cameras, and robots [2][5] - Revenue from solutions in AI and robotics increased by 160% year-on-year, with expectations for significant future performance improvements [2][7] Key Developments - **Product Launches**: - Introduced AI module series and robotic solutions, with mass production already achieved for certain products [7][9] - New clients in the electric vehicle sector include XPeng and Chery, with XPeng expected to start mass production in Q4 2025 [4][18] - **Market Position**: - Guanghetong holds a significant advantage in the smart module market for new energy vehicles, with major clients including BYD, Geely, and GAC Aion [4][18] - The company is focusing on expanding its self-manufacturing capabilities to meet large client demands, particularly in the automotive sector [26] Financial Performance - **Gross Margin Trends**: - Gross margin decreased due to a higher proportion of domestic market sales and the sale of a high-margin overseas business [6] - Future gross margin is expected to recover as the proportion of high-margin new businesses increases [6] - **Revenue Breakdown**: - Wireless communication module revenue was 3.446 billion yuan, up 19.5% year-on-year; solution revenue was 215 million yuan, up 160.2% [3] - FWA business revenue was approximately 2 billion yuan, with significant contributions from North America [13][25] Strategic Focus - **AI and Robotics Development**: - The company has established an AI research institute with over 40 employees, focusing on model development and integration with major model vendors [10][15] - Plans to expand into cleaning robots and other applications based on existing technology [27] - **Market Expansion**: - Actively pursuing opportunities in overseas markets, particularly in North America and Europe, with a focus on AI and robotics [16][17] - Adjusting organizational structure to better meet the demands of emerging markets [17] Future Outlook - **Revenue Goals**: - Aiming for total revenue of 8 billion yuan for the year [23] - Anticipating significant growth in AI toy revenue, with a target of reaching a billion yuan level by 2026 [2][29] - **5G and FWA Market Potential**: - Continued growth expected in the FWA sector, with a projected revenue increase of 50% in 2025 [24] - The company is well-positioned to capitalize on the growing demand for 5G solutions in both North America and India [24][25] Conclusion Guanghetong is strategically positioned for growth in the AI, robotics, and FWA sectors, with a strong focus on innovation and market expansion. The company anticipates a recovery in gross margins and significant revenue growth driven by new product launches and increased market demand.

Group 1: Financial Performance - The company achieved operating revenue of ¥3,706,976,517.27, a decrease of 9.02% year-on-year. Excluding the impact of the wireless communication module business, revenue increased by 23.49% [3] - The net profit attributable to shareholders was ¥217,901,677.71, a decrease of 34.66% year-on-year. Excluding the impact of the wireless communication module business, net profit increased by 6.54% [3] Group 2: Business Growth Drivers - Revenue growth was primarily driven by the rapid expansion of FWA (Fixed Wireless Access) and solution businesses [3] - The FWA business experienced significant growth, with a focus on North America and India, where market penetration remains low, indicating substantial future growth potential [4] Group 3: Margin and Product Development - The overall gross margin decreased due to changes in product shipment structure after the sale of the wireless communication module business. However, the gross margin is expected to improve as the solution business, which has a higher margin, increases its share [3] - The company has developed an AI technology platform, AI Stack, to support efficient inference of mainstream models across different chip platforms, which is expected to enhance product offerings in various verticals [4] Group 4: Future Outlook and Strategic Initiatives - The company plans to invest 55% of the funds raised from the Hong Kong listing into the development of edge AI and robotics businesses, indicating a strong commitment to these sectors [4] - The competitive landscape for automotive modules is expected to remain clear, with the company holding a significant advantage in the smart module solutions for new energy vehicles [5]

广和通(300638.SZ)发布2025年半年度报告，该公司营业收入为37.07亿元，同比减少9.02%。归属于上市 公司股东的净利润为2.18亿元，同比减少34.66%。归属于上市公司股东的扣除非经常性损益的净利润为 2.02亿元，同比减少36.06%。基本每股收益为0.2859元。 ...

格隆汇8月26日丨广和通(300638.SZ)公布2025年半年度报告，上半年公司实现营业收入37.07亿元，同比 下降9.02%；归属于上市公司股东的净利润2.18亿元，同比下降34.66%；归属于上市公司股东的扣除非 经常性损益的净利润2.02亿元，同比下降36.06%；基本每股收益0.2859元。 ...

（二）以前年度已使用金额、本年度使用金额及当前余额 （1）以前年度已使用金额 证券代码：300638 证券简称：广和通 公告编号：2025-057 深圳市广和通无线股份有限公司 2025 年半年度募集资金存放与使用情况专项报告 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。 根据《上市公司募集资金监管规则》《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》等有关规定，现将深圳市广和通无 线股份有限公司（以下简称"公司"）2025 年半年度募集资金存放与使用情况 说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会证监许可〔2019〕976 号文核准，并经深圳证券 交易所同意，本公司由主承销商广发证券股份有限公司向特定投资者非公开发 行股票的方式发行 12,792,395 股，发行价为每股人民币 54.72 元。截至 2019 年 11 月 15 日，本公司共募集资金 69,999.99 万元（含应支付而未支付的发行费用 182.79 万元），扣除发行费用 606.79 万元后，募集资金净额为 ...

注：表中非经营性占用部分，关联方范围依照《深圳证券交易所创业板股票上市规则》确定。 | 非经营性资金占 | 资金占用方名称 | 占用方与上市公 | 上市公司核 算的会计科 | 2025 年期初占用 | 2025 年半年度占用累 计发生金额（不含利 | 2025年半年度 占用资金的利 | 2025 年半年度偿 | 2025年半年度期末 | 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 用 | | 司的关联关系 | 目 | 资金余额 | 息） | 息（如有） | 还累计发生金额 | 占用资金余额 | 原因 | | | 控股股东、实际控 | | | | | | | | | | 非经营性占用 | | 制人及其附属企 | | | | | | | | | | 非经营性占用 | | 业 | | | | | | | | | | | | 小计 | - | - | - | - | - | - | - | - | - | - | | 前控股股东、实际 | | | | | | | | | | 非经营性占用 | | ...

《公司 2025 年半年度报告》及摘要的编制和审议程序符合法律、行政法规 和中国证监会的规定，报告内容真实、准确、完整地反映了公司 2025 年半年度 的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见同日刊登于中国证监会指定创业板信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）的相关公告。 证券代码：300638 证券简称：广和通 公告编号：2025-059 深圳市广和通无线股份有限公司 第四届监事会第十六次会议决议公告 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。 深圳市广和通无线股份有限公司（以下简称"公司"）第四届监事会第十六 次会议，于 2025 年 8 月 14 日发出会议通知，2025 年 8 月 25 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<公司 2025 年半年度报告>及摘要的议案》 1、深圳市广和 ...

证券代码：300638 证券简称：广和通 公告编号：2025-058 深圳市广和通无线股份有限公司 第四届董事会第十六次会议决议公告 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"）第四届董事会第十六次 会议，于 2025 年 8 月 14 日发出会议通知，2025 年 8 月 25 日以现场会议方式召 开。本次会议应参与董事 5 名，实际参与董事 5 名。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： 二、审议通过了《关于<公司 2025 年半年度募集资金存放与使用情况专项 报告>的议案》 《公司 2025 年半年度募集资金存放与使用情况专项报告》充分、完整地反 映了公司募集资金的使用情况；公司募集资金的存放与使用符合中国证监会、深 圳证券交易所关于上市公司募集资金存放和使用的相关规定，不存在改变或变相 改变募集资金投向的情形，也不存在损害公司股东利益的情形。 详 见 同 日 刊 登 于 中 国 证 监 会 指 定 创 业 ...

Core Viewpoint - Guanghe Tong reported a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 3.707 billion yuan, a year-on-year decrease of 9.02% [1] - The net profit attributable to shareholders of the listed company was 218 million yuan, down 34.66% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 202 million yuan, reflecting a year-on-year decline of 36.06% [1] - Basic earnings per share were reported at 0.2859 yuan [1]

深圳市广和通无线股份有限公司 2025 年半年度报告 2025-056 2025 年 8 月 深圳市广和通无线股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人张天瑜、主管会计工作负责人王红艳及会计机构负责人(会计 主管人员)王红艳声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告所涉及的发展战略及未来计划等前瞻性陈述，不构成公司对投资者 的实质承诺。投资者及相关人士均应当对此保持足够的风险认识，并且应当理 解计划、预测与承诺之间的差异。 本公司请投资者认真阅读本半年度报告全文，并特别注意公司面临的风险 因素，详见本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应 对措施"部分。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | ...