证券代码：300638 证券简称：广和通 公告编号：2025-013 深圳市广和通无线股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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")第四届董事会第十一次 会议审议通过了《关于提请召开 2025 年第二次临时股东大会的议案》，决定于 2025 年 4 月 11 日召开 2025 年第二次临时股东大会，现将有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2025 年第二次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：经公司第四届董事会第十一次会议审议通过， 决定召开 2025 年第二次临时股东大会，召集程序符合有关法律、法规、规范性 文件和《公司章程》的规定。 4、会议召开的方式：本次会议采用现场会议投票与网络投票相结合的方式。 （1）现场投票：股东本人出席现场会议或者通过授权委托书委托他人出席 现场会议。 （2）网络投票：公司将通过深圳证券交易所交易系统和互联网投票系统向 公司股东提供网络投票平台，公司股东可 ...

证券代码：300638 证券简称：广和通 公告编号：2025-015 深圳市广和通无线股份有限公司 第四届监事会第十一次会议决议公告 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。 为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 一次会议，于 2025 年 3 月 18 日发出会议通知，2025 年 3 月 21 日以现场会议的 方式召开。本次会议应出席监事 3 名，实际出席监事 3 名，会议由监事会主席陈 绮华女士主持，监事会会议的举行和召开符合国家有关法律、法规及《深圳市广 和通无线股份有限公司公司章程》（以下简称"《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《关于公司发行 H 股股票并在香港联合交易所有限公司上 市的议案》 为满足公司全球化发展需要，深入推进公司全球化战略布局，进一步提升公 司的全球品牌知名度及综合竞争力，巩固行业地位，根据《中华人民共和国公司 法》《中华人民共和国证券法》《境内企业境外发行证券和上市管理试行办法》 《香港联合交易所有限公司证券上市规则》（以下简称"《香港上市规则》"） ...

证券代码：300638 证券简称：广和通 公告编号：2025-014 深圳市广和通无线股份有限公司 第四届董事会第十一次会议决议公告 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。 为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 一次会议，于 2025 年 3 月 18 日发出会议通知，2025 年 3 月 21 日以现场会议的 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《深圳市广和 通无线股份有限公司公司章程》（以下简称"《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《关于公司发行 H 股股票并在香港联合交易所有限公司上 市的议案》 为满足公司全球化发展需要，深入推进公司全球化战略布局，进一步提升公 司的全球品牌知名度及综合竞争力，巩固行业地位，根据《中华人民共和国公司 法》《中华人民共和国证券法》《境内企业境外发行证券和上市管理试行办法》 《香港联合交易所有限公司证券上市规则》（以下简称"《香港上市规则》"） ...

广和通 20250319 摘要 Q&A 请介绍广和通公司的基本情况及其发展历程。 势虽然重要，但相对而言需放在规模之后考虑。 目前中国物联网模组行业的发展态势如何？ 中国物联网模组行业目前呈现东升西落态势，中国企业逐渐取代海外企业成为 主流市场的主导者。从 2016 年至今，整个行业份额明显从海外向国内转移，目 前已形成稳健格局。例如，无线通信市占率稳定在 35%至 40%之间，而广和通市 占率则在 5%至 10%之间波动。海外互联网模组厂商基本已被逐出主流市场。 广和通公司的股价历史表现如何？ 广和通自 2017 年上市以来，其股价经历了多个阶段： 请详细介绍广和通目前重点关注的业务领域之一——车载业务的发展情况。 在车载业务领域，广和通通过收购 605 线车载业务进一步拓展其产品线，并借 助生成式 AI 技术推动边缘计算与智能模组的发展。这些举措不仅增强了公司的 技术实力，也扩大了其市场份额，为未来业绩增长奠定了坚实基础。在这一过 程中，公司不断优化产品性能，以满足日益复杂的客户需求，并通过技术创新 保持竞争优势。 广和通成立于 1999 年，是国内较早创立的物联网模组公司。早期，公司主要提 供物联网模组 ...

Investment Rating - The investment rating for the company is "Buy" and it is maintained [10]. Core Viewpoints - The company is expected to benefit from the growth of AI terminals, with a transition from 4G to 5G and smart modules, leading to an increase in value [10]. - The company is positioned to transform from module production to complete solutions in the AI terminal sector, enhancing its value capture within the industry [10]. - The company's revenue and profit growth are projected to remain robust, with a forecasted net profit of 700 million yuan, 550 million yuan, and 730 million yuan for 2024-2026, reflecting year-on-year growth rates of 24%, -22%, and 33% respectively, excluding the impact of the sale of assets and profits from the 2024 acquisition of Lingrui Wireless [10]. Summary by Sections Industry Overview - DeepSeek has achieved significant cost reductions in model inference through algorithm and engineering innovations, which may alter the value distribution within the AI industry chain, allowing downstream AI applications to capture a larger share [2]. - The module market is benefiting from the increasing deployment of AI terminals, with a gradual upgrade from 4G to 5G and smart modules, enhancing their value [5]. Company Analysis - The company has maintained a leading position in gross and net profit margins within the industry, focusing on sectors where it has competitive advantages, such as PC, POS, and vehicle networking [5]. - The company's historical stock price fluctuations are influenced by three main factors: product upgrades, mergers and acquisitions, and supply-demand changes due to geopolitical tensions [36]. AI Terminal Development - The DeepSeek platform is expected to accelerate the implementation of AI applications, with small teams able to distill advanced small models from large models for various end-use scenarios [7][51]. - Communication modules are critical for AI terminals, facilitating data transmission and processing, which is expected to drive an increase in module shipments [54]. Service Robots and Intelligent Robotics - The company is collaborating with Digua Robotics to provide comprehensive solutions for service robots, showcasing various applications at industry events [8][60]. - The company has developed a reference design for embodied intelligent robots, integrating sensors and AI algorithms to enhance operational efficiency in various sectors, including healthcare and disaster response [64]. Financial Projections - The company anticipates a steady increase in revenue and profit, with a focus on the AI terminal and smart module markets, which are expected to grow significantly in the coming years [10][48].

Investment Rating - The report maintains a rating of "Outperform the Market" for the communication industry [6] Core Insights - The communication industry has shown strong performance, with the Shenyin Wanguo Communication Index rising by 2.8% over the past week, outperforming the broader market [2] - The report highlights the government's focus on 5G, AI, data and computing, and low-altitude economy as key development areas for 2025, suggesting a favorable environment for investment in these sectors [3][14] - The report emphasizes the acceleration of AI technology commercialization and recommends focusing on hardware opportunities in the application side, including AI chips, communication modules, robotics, and intelligent driving [3][38] Summary by Sections Market Review - The communication sector has outperformed the market, with a 2.8% increase in the Shenyin Wanguo Communication Index [2] - The overall valuation of the communication sector is at a historically high level, with a dynamic PE ratio of approximately 22, above the past two-year average of 19-20 [2][30] - Specific segments such as industrial internet, power communication, and 5G have seen significant weekly gains of 16.1%, 11.7%, and 8.0% respectively [2][34] - A total of 113 stocks in the sector rose, with notable performers including Yitong Technology and Lierda, which increased by 42.3% and 33.7% respectively [2][35] Configuration Suggestions - The report suggests focusing on hardware opportunities in the application side, particularly in AI chips (e.g., Rockchip, Espressif), communication modules (e.g., Quectel, Gree), robotics (e.g., Topband, Heertai), and intelligent driving (e.g., Zhucheng Technology) [3][38]

Investment Rating - The report maintains an "Outperform" rating for the telecommunications industry, indicating an expected performance exceeding the benchmark index by more than 10% [1][38]. Core Insights - The launch of the AI agent platform Manus signifies a maturation of intelligent agent capabilities, with significant market interest and a rapid increase in computational token consumption [4][11]. - Manus is designed to integrate various capabilities, including planning, tool usage, and memory, which are essential for executing complex tasks and will lead to a substantial increase in computational demand [4][12]. - The report emphasizes that the domestic computational power sector is currently the largest investment theme, with recommendations to focus on companies benefiting from capital expenditures by CSPs and operators [5][13]. Summary by Sections Industry Investment Rating - The telecommunications industry is rated as "Outperform" with expectations of exceeding the benchmark index by over 10% [1][38]. Market Performance - The overall market saw an increase during the week of March 3 to March 9, 2025, with the Shenwan Communications Index rising by 2.81% and the STAR Market Index increasing by 2.67% [6][14]. Key Developments - The Manus AI platform has been released, showcasing advanced capabilities in handling various tasks, which has garnered significant attention in the market [4][11]. - The report highlights that the introduction of Manus will lead to a dramatic increase in the consumption of computational tokens, with a single task running cost estimated at approximately $2, significantly lower than previous models [4][12]. Investment Recommendations - The report suggests focusing on domestic computational power, particularly in sectors such as servers, switches, optical modules, and IDC infrastructure, which are expected to benefit from increased capital expenditures [5][13]. - It also recommends monitoring overseas computational sectors for innovations in NV technology and ASIC capital expenditures, especially with upcoming events like GTC2025 [5][14]. - Attention is drawn to edge AI applications, particularly in IoT modules and edge computing, as they align with privacy compliance requirements [5][14]. Notable Companies to Watch - Domestic computational power: Unisplendour, Ruijie Networks, Guangxun Technology, Huagong Technology, Guanghuan New Network, Aofei Data, Chaoxun Communication, Langwei Co [5][15]. - Overseas computational power: NewEase, Tianfu Communication, Zhongji Xuchuang, Taicheng Light, Guangku Technology, Dingtong Technology, Wolong Nuclear Materials [5][15]. - Edge AI: Guanghetong, Yiyuan Communication, Meige Intelligent, Yuntian Leifeng, Yinghantong, Tianzhun Technology, Heertai, Tuobang Co [5][15].

近日，全国高新技术企业认定管理工作领导小组办公室于 2025 年 3 月 7 日 发布《对深圳市认定机构 2024 年认定报备的高新技术企业进行第一批补充备案 的公告》，深圳市广和通无线股份有限公司（以下简称"公司"）重新通过高新技 术企业认定，证书编号为 GR202444208676，发证日期为 2024 年 12 月 26 日，有 效期为三年；公司全资子公司深圳市广和通科技有限公司（以下简称"广和通科 技"）收到由深圳市工业和信息化局、深圳市财政局、国家税务总局深圳市税务 局联合颁发的《高新技术企业证书》，证书编号为：GR202444207754，发证时间 为 2024 年 12 月 26 日，有效期三年。 证券代码：300638 证券简称：广和通 公告编号：2025-009 深圳市广和通无线股份有限公司 关于公司及子公司通过高新技术企业认定的公告 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 董事会 二 О 二五年三月十一日 根据国家相关规定，公司及广和通科技自本次重新通过/通过高新技术企业 认定当年起连续三年（2024 ...

Core Insights - Guanghetong announced the large-scale commercial production of its wireless smart lawn mowing robot solution for Changke Technology, a subsidiary of Yongqiang Group, during the MWC Barcelona 2025 [1] - The solution addresses the high deployment costs and low flexibility associated with traditional lawn mowers that require buried boundary wires, thus facilitating the rapid commercialization of wireless smart mowing technology in markets like Europe [1] - The smart lawn mower solution leverages machine vision and AI algorithms to achieve multiple capability breakthroughs [1]

Core Insights - Fibocom has launched the MQ780-GL Cat.M module, which integrates the Qualcomm E51 4G Modem-RF, aimed at enhancing the adoption of LPWA technologies in various applications such as smart metering and asset tracking [1][5] Product Features - The MQ780-GL supports 3GPP Release 14 Cat.M1 and NB-IoT, automatically switching modes for optimal coverage across global frequency bands, ensuring reliable connectivity in regions like North America, Europe, and Asia [2] - It utilizes advanced power management technology, significantly extending battery life with features like Power Saving Mode (PSM) and extended Discontinuous Reception (eDRX), making it suitable for long-term applications requiring over 10 years of battery life [3] - The module supports multiple protocols including MQTT, CoAP, and LwM2M, and interfaces such as UART, I2C, and I2S, facilitating seamless device connectivity [4] Market Impact - The introduction of the MQ780-GL is expected to drive the adoption of Cat.M and NB-IoT technologies, enhancing connectivity efficiency in smart cities and asset tracking [5][6] - Fibocom aims to deepen collaborations with chipset partners and vertical industries to promote the commercialization of low-power Cat.M/NB-IoT solutions [6]