证券代码：300638 证券简称：广和通 公告编号：2024-079 深圳市广和通无线股份有限公司 关于控股股东、实际控制人部分股份补充质押的公告 一、股东股份补充质押的基本情况 | 1、股东本次股份补充质押的基本情况 | | --- | | | 是否为第 | | 本次质 | 本次质 | 是否 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 一大股东 | 本次质押股 | 押占其 | 押占公 | 为限 | 为补 | 质押起始 | 质押到期 | 质权人 | 质押 | | | 及一致行 | 数（股） | 所持股 | 司总股 | 售股 | 充质 | 日 | 日 | | 用途 | | | 动人 | | 份比例 | 本比例 | | 押 | | | | | | 张天瑜 | 是 | 590,000 | 0.21% | 0.08% | 是 | 是 | 2024 年 8 | 2025 年 7 | 国信证券股份 | 补充 质押 | | | | | | | | | 月 1 日 | 月 4 日 | 有 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][9]. Core Views - The company announced the sale of its overseas vehicle-mounted wireless communication module business for $150 million to EUROPASOLAR, which will lead to a short-term impact on revenue and profit growth due to the divestment of the asset [2][3]. - Despite the divestment, the company has a strong track record of growth in various markets, including mobile payments and PC, and is expected to refocus on AI applications, particularly in robotics, which aligns with industry trends [3][6]. - The company has adjusted its revenue and profit forecasts for 2024-2026, now expecting revenues of 81.5 billion, 86.9 billion, and 103.9 billion yuan, and net profits of 5.94 billion, 6.59 billion, and 7.77 billion yuan, respectively [3][12]. Summary by Sections Company Announcement - The company will no longer engage in the vehicle-mounted wireless communication module business after the sale, and the associated assets will be excluded from the consolidated financial statements [2]. Financial Impact - The divestment is expected to have a short-term negative impact on sales and profits, with the vehicle-mounted wireless communication module business contributing 2.04 billion yuan in net profit in 2023 [4][12]. - The company anticipates a one-time investment gain of 160 million yuan in 2024 from the asset sale, which will adjust the net profit forecast for that year to 7.54 billion yuan [3][9]. Future Focus - The company plans to concentrate on edge AI and robotics, with a specific focus on the smart lawn mower segment as a breakthrough point [5][6]. - The wireless communication module industry is expected to continue its long-term growth trajectory, with the company investing in 5G RedCap products and exploring applications in satellite communication and V2X vehicle-road collaboration [4][5]. Growth Potential - The company has a strong brand and scale advantage, and the management's ability to seize market opportunities is expected to facilitate a return to a high growth trajectory post-divestment [3][6]. - The company is projected to return to high growth after 2026, driven by its exploration in edge AI and robotics [8].

证券代码：300638 证券简称：广和通 深圳市广和通无线股份有限公司 投资者关系活动记录表 编号：2024-004 投资者关系活动类别 ☐特定对象调研 ☐分析师会议 ☐媒体采访 ☐业绩说明会 ☐新闻发布会 ☐路演活动 ☐现场参观 其他（投资者线上交流会） | --- | --- | --- | --- | |--------|----------|--------|----------| | 任智宇 | 安联资管 | 何鸣晓 | 嘉实基金 | | 谭峰英 | 安联资管 | 李涛 | 嘉实基金 | | 李烨 | 长江证券 | 孟丽婷 | 嘉实基金 | | 于海宁 | 长江证券 | 彭民 | 嘉实基金 | | 李璟菲 | 广发证券 | 王贵重 | 嘉实基金 | | 安昊 | 嘉实基金 | 王维 | 嘉实基金 | | 陈涛 | 嘉实基金 | 马天邑 | 民生证券 | | 陈俊杰 | 嘉实基金 | 李响 | 南方基金 | 参与单位名称及人员姓名 时间 2024年07月31日 10:00-11:00、17:00-18:00 地点 网络会议 广和通董事长 张天瑜先生 广和通副总经理、董事会秘书 陈仕江先生 上市公司接待 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [20] Core Insights - The company has sold its overseas vehicle-mounted communication module business to mitigate potential trade risks and avoid significant goodwill impairment, while also freeing up capital to explore emerging business opportunities [1][21] - The company is actively expanding into edge AI, robotics, and low-altitude flight sectors, which are expected to contribute to long-term growth as AI applications in these areas gradually materialize [2] - Despite the sale of the overseas vehicle-mounted business, the company continues to invest in communication module markets in Europe, North America, and Southeast Asia, while also focusing on robotics and edge AI [26] Financial Summary - Revenue for 2022 was 5,646 million, projected to grow to 7,716 million in 2023, with a year-over-year growth rate of 36.7% [4] - Net profit attributable to the parent company was 365 million in 2022, expected to increase to 564 million in 2023, reflecting a year-over-year growth of 54.5% [4] - Gross margin is projected to improve from 20.2% in 2022 to 23.1% in 2023, while net margin is expected to rise from 6.5% to 7.3% in the same period [4] - The company's P/E ratio is projected to decrease from 25.1 in 2022 to 16.2 in 2023, indicating a more attractive valuation [4]

[Table_Author] 管理费用 172 300 397 461 盈利能力（%） 财务费用 30 9 17 21 总资产收益率 ROA 7.94 7.45 7.93 8.03 资产减值损失 -38 -12 -17 -25 净资产收益率 ROE 17.99 18.39 19.97 19.61 投资收益 6 44 46 49 偿债能力 营业利润 624 701 888 1,013 流动比率 1.65 1.58 1.57 1.63 归属于母公司净利润 564 687 869 991 应收账款周转天数 91.74 109.73 109.08 106.41 EBITDA 840 641 848 983 存货周转天数 79.13 98.00 97.00 96.00 每股净资产 4.09 4.88 5.68 6.60 每股经营现金流 0.85 -0.18 0.73 1.03 广和通（300638.SZ）公司事件点评 推荐 维持评级 当前价格： 12.12 元 1.广和通（300638.SZ）2024 年一季报点评： 24Q1 业绩超预期，持续深化智能模组布局- 2024/04/29 2.广和通（300638.SZ）2 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [17] Core Views - The company has sold its overseas vehicle-mounted communication module business for USD 150 million to maintain stable development amid complex international circumstances. This sale is expected to avoid significant goodwill impairment risks and improve cash flow [7][8] - The domestic vehicle-mounted business is performing well, with profitability gradually improving in 2023. The company is also expanding into AI and robotics sectors, indicating a positive outlook for future growth [8][9] Financial Performance Summary - Revenue for 2023 is projected at CNY 7.716 billion, with a year-on-year growth of 36.7%. Expected revenues for 2024, 2025, and 2026 are CNY 8.292 billion, CNY 8.687 billion, and CNY 10.673 billion respectively [10][12] - Net profit for 2023 is estimated at CNY 564 million, with projections of CNY 709 million for 2024, CNY 606 million for 2025, and CNY 775 million for 2026. The net profit growth rates are 54.5% for 2023 and 25.8% for 2024, followed by a decline in 2025 [10][12] - The company’s EPS is expected to be CNY 0.74 in 2023, CNY 0.93 in 2024, CNY 0.79 in 2025, and CNY 1.01 in 2026 [10][12] Business Segmentation - The wireless communication equipment segment is projected to generate revenue of CNY 7.511 billion in 2023, with a growth rate of 35.4%. The segment is expected to continue growing, reaching CNY 9.982 billion by 2026 [11][12] - Other business segments are expected to see significant growth, with revenue projected to increase from CNY 204.76 million in 2023 to CNY 691.08 million by 2026, reflecting a growth rate of 106.99% in 2024 [11][12] Valuation Metrics - The company is assigned a PE range of 20-25 for 2025, translating to a reasonable value range of CNY 15.83 to CNY 19.78 [9][12] - The average PE for comparable companies is noted to be 30, indicating potential undervaluation of the company relative to its peers [11]

各位投资者朋友们 大家下午好我是广哥通的董事长沙天宇 非常感谢大家这么晚还参加我们的这个交流会今天确实我们做了一个比较大的公告我们把这个绿林的业务出售了所以说我想可能在座的各位同事也都非常关心我们也希望通过这次交流把我们一些真实的情况给大家反映给大家也让大家知道我们这次交易的各种因素首先我想给大家介绍一下绿林出售的原因和背景主要原因有两点第一点就是 2023年8月份去年美国众议院的两个议员给联邦通讯委员会我们叫FCC发了一封公告信说中国的通讯模块在美国可能会造成网络安全希望考虑FCC考虑下中国制造的通讯模块列入受管制性的但是到现在为止还没有这个动作只是他们有写了这封信 写了这封信以后,瑞林无线的一些客户对此表示了一些担忧,因为大家也知道,我们瑞林无线是主要对海外的车载客户、大众、斯里兰卡斯这些大客户,所以他们提出了一些担忧。瑞林无线的管理层也跟我们股份公司和我们的母公司做了很多交流,希望公司能采取一些措施来消除这个风险。 所以基于上述的原因 我们考虑再商我们还把这个瑞丽无线我们已经买过来的这个公司让我们决定了出售我们把这个瑞丽无线海外的前砖的三载无线模块的中心业务买卖主要是为了避免出现大额的商业解职的风险同时 ...

证券代码：300638 证券简称：广和通 深圳市广和通无线股份有限公司 投资者关系活动记录表 编号：2024-003 投资者关系活动类别 ☐特定对象调研 ☐分析师会议 ☐媒体采访 ☐业绩说明会 ☐新闻发布会 ☐路演活动 ☐现场参观 其他（投资者线上交流会） 应豪 IMR partners 刘青林 启石资产 任智宇 安联保险 陈嘉元 钦沐资产 路璐 安信证券 杨泠枫 融通基金 金善玉 北京泓澄 肖斌 睿德信 石础 北信瑞丰 赵天宇 山西证券 陈伟 博时基金 张天 山西证券 陈雨薇 博时基金 叶秉喜 上海博笃投资 冯信然 财通证券 陈跃雄 上海道仁资产 郭镇岳 创金合信 刘伯恩 上海光大 李晨 创想未来资本 常启辉 上海健顺 张欣露 大家资产 邓丹 上海静山 林灏洋 淡水泉 焦庆 上海坤阳私募 参与单位名称及人员姓名 赵丹蕾 方正富邦 杨帆 上海理成 黄东 富海中瑞 钱玥 上海勤辰私募 张林晚 耕霁(上海)投资 李国盛 上海申银万国 胡雨辰 工银理财 石先志 上海盛宇 韩东 广发证券 谭涛 上海涌贝资产 尹艺霏 广发证券 徐梦婧 上海涌贝资产 苗瑜 国联安 蔡国亮 上海证券 张建宇 国联证券 卫书根 上海重阳投资 ...

证券代码：300638 证券简称：广和通 公告编号：2024-075 深圳市广和通无线股份有限公司 第四届董事会第三次会议决议公告 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。 表决结果：5 票同意、0 票反对、0 票弃权，审议通过本项议案。 三、备查文件 深圳市广和通无线股份有限公司（以下简称"公司"）第四届董事会第三次会 议，于 2024 年 7 月 25 日发出会议通知，2024 年 7 月 25 日以现场会议与通讯表 决方式召开。经董事会成员一致同意，本次董事会豁免会议通知时间要求。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： 一、审议通过了《关于终止募集资金投资项目并将剩余募集资金永久补充 流动资金的议案》 由于高性能智能车联网无线通信模组研发及产业化项目实施主体锐凌深圳 的 100%股权及香港锐凌的主要资产和负债已被公司出售，高性能智能车联网无 线通信模组研发及产业化项目已不具备 ...

证券代码：300638 证券简称：广和通 公告编号：2024-076 深圳市广和通无线股份有限公司 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。 1、深圳市广和通无线股份有限公司第四届监事会第三次会议决议 特此公告。 深圳市广和通无线股份有限公司 监事会 一、审议通过了关于终止募集资金投资项目并将剩余募集资金永久补充流 动资金的议案 由于高性能智能车联网无线通信模组研发及产业化项目实施主体锐凌深圳 的 100%股权及香港锐凌的主要资产和负债已被公司出售，高性能智能车联网无 线通信模组研发及产业化项目已不具备实施条件，监事会同意公司终止募集资金 投资的高性能智能车联网无线通信模组研发及产业化项目并将剩余募集资金永 久补充流动资金。公司本次终止募集资金投资项目并将剩余募集资金永久补充流 动资金，是根据当前实际情况做出的合理决策，符合公司实际经营需要，不影响 公司正常生产经营，不存在损害股东利益的情形。 表决结果：3 票同意、0 票反对、0 票弃权，审议通过本项议案。 二、备查文件 二 О 二四年七月二十七日 深圳市广和通无线股份有 ...