MeiG(SZ:002881) Jin Rong Jie·2025-06-18 15:50Group 1 - The core viewpoint of the article is that Meige Intelligent Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, positioning itself as a leading provider of wireless communication modules and solutions, particularly in high-performance intelligent modules [1][3] - Meige Intelligent ranks fourth globally in the wireless communication module industry with a market share of 6.4% as of 2024, according to Frost & Sullivan [1] - The company's product portfolio includes intelligent modules and data transmission modules, with a focus on customized solutions to meet diverse customer needs in various applications, including IoT, smart connected vehicles, and wireless broadband [1] Group 2 - Financial data shows that the company's revenue is projected to grow from RMB 23.06 billion in 2022 to RMB 29.41 billion in 2024, while net profit is expected to fluctuate from RMB 1.27 billion in 2022 to RMB 1.34 billion in 2024 [2] - The revenue contribution from high-performance intelligent modules and solutions is expected to increase significantly from 1.5% in 2022 to 34.6% in 2024, indicating a major shift in the company's business structure [2] - The company faces challenges, including a growing reliance on high-performance intelligent modules, which are projected to contribute over 30% of total revenue in 2024, and a high concentration in its supply chain, with procurement from the largest supplier accounting for 37.6% in 2022 and 34.1% in 2024 [2]