FIBOCOM(SZ:300638) Zhi Tong Cai Jing·2025-10-22 04:39Core Viewpoint - Guanghe Tong (300638) has listed today but is experiencing a significant decline in share price, dropping over 8% shortly after opening [1] Group 1: Company Performance - In the first half of 2025, the company reported a revenue of 3.707 billion yuan, a year-on-year decrease of 9.02%, and a net profit attributable to shareholders of 218 million yuan, down 34.66% [1] - The company's net profit excluding non-recurring items was 202 million yuan, reflecting a decline of 36.06% year-on-year [1] - Excluding the impact of Ruilin's wireless vehicle-mounted pre-installation business, the company's revenue grew by 23.49% year-on-year, and net profit attributable to shareholders increased by 6.54% [1] Group 2: Industry Developments - Haitong International noted that the company's AI edge layout has entered the stage of industrial implementation, with the launch of the Fibocom AIStack technology platform [1] - The company has developed various solutions, including for cameras, toys, trackers, and MiFi devices, and has achieved mass production of its lawnmower solutions [1] - New RTK visual fusion positioning solutions have been established in collaboration with leading companies in the multi-legged robot sector [1] - The company plans to raise funds through its Hong Kong listing to further invest in AI modules and robotics, accelerating its industrial layout [1]