FIBOCOM(SZ:300638) Zhi Tong Cai Jing·2025-10-22 02:23Group 1 - The core viewpoint of the article is that Guanghe Tong (300638) has successfully listed its shares at a price of HKD 21.50 each, raising approximately HKD 2.811 billion through the issuance of 135 million shares [1] - The company is a leading provider of wireless communication modules, offering products such as data transmission modules, smart modules, and AI modules [1] - Guanghe Tong provides customized solutions based on its module products and understanding of downstream application scenarios, including edge AI solutions and robotics solutions [1] Group 2 - According to Frost & Sullivan, the company is the second-largest wireless communication module provider globally, holding a market share of 15.4% based on revenue from ongoing operations in 2024 [1] - The company leads in market share across various downstream application scenarios, particularly in smart home and consumer electronics, where it holds the top global market share, especially with a 75.9% share in the consumer electronics sector [1] - In the automotive electronics sector, the company ranks second globally, benefiting from the surge in demand for high-reliability modules in the new energy vehicle pre-installation market [1]