中国 深圳 福田区 益田路6001号 太平金融大厦11、12楼 邮政编码：518038 11/F、12/F., TAIPING FINANCE TOWER, NO.6001 YITIAN ROAD, SHENZHEN, P.R. CHINA 电话（Tel.）：（86-755) 88265288 传真（Fax.）：（86-755）88265537 网站（Website）：https://www.sundiallawfirm.com 广东信达律师事务所 关于深圳市广和通无线股份有限公司 2025年第四次临时股东大会 法律意见书 信达会字（2025）第 412 号 致：深圳市广和通无线股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《上市公司股东大会规则》（下 称"《规则》"）等法律、法规以及现行有效的《深圳市广和通无线股份有限公司章程》（下 称"《公司章程》"）的规定，广东信达律师事务所（下称"信达"）接受贵公司的委托，指 派律师（下称"信达律师"）出席贵公司 2025 年第四次临时股东大会（下称"本次股东大会"）， 在进行必要验证工作的基础上，对贵公司本次股东大会的召集、召开程序、出席会议人员 ...

证券代码：300638 证券简称：广和通 公告编号：2025-091 深圳市广和通无线股份有限公司 陈绮华女士符合《公司法》《公司章程》等有关董事任职的资格和条件。本 次职工代表董事选举产生后，公司第四届董事会中兼任高级管理人员职务的董事 以及由职工代表担任的董事，总计不超过公司董事总数的二分之一，符合相关法 律、法规及《公司章程》的有关规定。 特此公告。 关于取消监事会及选举职工代表董事的公告 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。 一、取消监事会情况 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司 章程指引》等相关法律法规、规范性文件的要求，深圳市广和通无线股份有限公 司（以下简称"公司"）于 2025 年 12 月 22 日召开 2025 年第四次临时股东大会， 审议通过了《关于变更注册资本、取消监事会、修订<公司章程>及其附件并进 行工商登记变更的议案》。公司不再设监事会，公司董事会下设的审计委员会将 行使《公司法》规定的监事会的职权，公司《监事会议事规则》相应废止。 经公司 2025 年第四次临时股东大会审议通过后，陈绮华 ...

证券代码：300638 证券简称：广和通 公告编号：2025-090 深圳市广和通无线股份有限公司 2025 年第四次临时股东大会决议公告 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。 特别提示： 1、本次股东大会无变更、否决议案的情况。 2、本次股东大会不涉及变更前次股东大会决议。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议召开日期、时间：2025 年 12 月 22 日下午 14:30 2、网络投票时间：2025 年 12 月 22 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 12 月 22 日上午 9:15 至 9:25、9:30 至 11:30，下午 13:00 至 15:00；通过深圳证券交 易所互联网投票的具体时间为：2025 年 12 月 22 日上午 9:15 至下午 15:00。 3、现场会议召开地点：深圳市南山区西丽街道西丽社区打石一路深圳国际 创新谷六栋 A 座 10 楼公司会议室 4、会议主持人：张天瑜先生主持本次会议 5、会议的召集、召开符合《中华人民共和国公司法》《上市公司股东大会 规 ...

Core Viewpoint - Allystar Technology (Shenzhen) Co., Ltd. is seeking to list on the Hong Kong Stock Exchange, marking its second attempt after a previous application lapsed in June 2025. The company specializes in GNSS technology and aims to leverage its advanced positioning solutions for various applications [2]. Company Overview - Allystar Technology is a leading provider of space positioning services in China, offering navigation and positioning chips and modules that support the BeiDou and major global GNSS systems [2][3]. - The company has significant advantages in chip-level dual-frequency high-precision positioning technology, low power consumption, and high integration SoC design technology [2][3]. Product Offerings - The core products include standard and high-precision chips for consumer applications, high-precision chips for automotive and specialized applications, and BeiDou short message satellite communication chips [2][3]. - The GNSS chips and modules are utilized in various sectors such as shared bicycles, smart driving, smartphones, wearable devices, IoT, meteorological detection, and deformation monitoring [2][3]. Market Position - As of 2024, Allystar is the sixth largest GNSS service provider globally and the second largest in China, with a global market share of 4.8% [4]. - The company ranks eighth globally by revenue and third among domestic companies in China, with a market share of approximately 1.1% [4]. Financial Performance - The revenue for Allystar in 2022, 2023, 2024, and the first half of 2025 was RMB 697.997 million, RMB 645.136 million, RMB 840.286 million, and RMB 402.702 million respectively [13][14]. - The net losses for the same periods were RMB 92.612 million, RMB 288.916 million, RMB 141.269 million, and RMB 63.577 million respectively [13][14]. Shareholder Structure - Major shareholders prior to the IPO include China Electronics Huagong (9.224%), Shenzhen Dingxin, Suzhou Zhaoying Yunteng, and Tianjin Jiutianshu among others [7][8]. Management Team - The board consists of 9 directors, including 2 executive directors: Sun Zhongliang (Chairman and CEO) and Lu Wei (CEO) [10][12]. - Key executives include the CFO, CTO, COO, and Chief Scientist, indicating a strong leadership team focused on technology and operations [12].

Core Viewpoint - Guanghetong's stock performance has experienced significant fluctuations since its dual listing, reflecting market sentiment and investor behavior, with recent trends indicating a stabilization after a period of decline [2][3]. Stock Performance Summary - As of December 19, Guanghetong's A-shares closed at 27.10 CNY, with a slight daily decrease of 0.22%, while its H-shares rose to 15.76 HKD, indicating a potential stabilization after previous declines [2]. - The company's total market capitalization stands at 244.04 billion CNY for A-shares and 141.92 billion HKD for H-shares, showing a notable market presence [2]. Market Sentiment and Investor Behavior - Initial trading saw A-shares experiencing high volatility driven by speculative trading, while H-shares exhibited a more stable performance, reflecting differing investor strategies [4][5]. - A significant increase in retail investor participation was noted, with a 121% rise in the number of retail investors on December 18, indicating a shift in market dynamics [5]. Valuation and Market Analysis - Guanghetong's current price-to-earnings ratio is at 58.02, placing it in the 92.56 percentile of its historical valuation range, raising concerns about its attractiveness to long-term investors [6][10]. - The company's stock price has been under pressure due to a combination of market conditions, including a decrease in overall risk appetite and the withdrawal of speculative funds [8][11]. Company Strategy and Future Outlook - Guanghetong's strategic shift towards AIoT and the sale of mature businesses has raised questions about its long-term growth potential amidst a competitive landscape [10][11]. - The upcoming shareholder meeting on December 22 is seen as a critical opportunity for management to address market concerns and stabilize investor confidence [9][10].

Core Insights - The global cellular IoT module shipments are projected to grow by 10% year-on-year in Q3 2025, driven by strong demand in smart meters, asset tracking, routers/CPE, and automotive applications [4][7] - Emerging markets, particularly India with a 40% year-on-year growth, are leading the growth, while mature markets like China and Europe show moderate increases [4][6][7] Market Trends - The transition from traditional RF/PLC systems to cellular networks is accelerating, laying the groundwork for capability-centric IoT deployments [4] - The average selling price (ASP) is declining, making cash flow strength a key differentiator among suppliers [4][7] - Cat-1 bis technology has solidified its position as a major contributor to global shipments, accounting for nearly half of the total [7][8] Supplier Performance - Quectel maintains its leading position globally, benefiting from strong market shares in both China and overseas [6] - China Mobile ranks second, driven by domestic demand, while SIMCom and Longsung rank third, propelled by shipments of POS and smart meters [6] - Lierda has seen a 73% year-on-year growth, leveraging Cat-1 bis technology and increased adoption in South Korea and Southeast Asia [6] Technological Developments - AI-enabled IoT modules are experiencing significant demand across various sectors, including monitoring, automotive, industrial, and retail [8] - The industry is shifting focus towards higher-value, AI-powered IoT solutions, with suppliers investing in edge intelligence, security software, and 5G-ready combinations [7][8] - RedCap is entering the commercial phase, but substantial scaling will depend on its pricing competitiveness with Cat-4/Cat-6 levels and broader 5G standalone network coverage [8]

Company Overview - Guanghetong Wireless Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 11, 1999. The company went public on April 13, 2017. Its main business involves the design, research and development, and sales services of wireless communication modules and their applications [2]. - The company's revenue composition is primarily from wireless communication modules, accounting for 99.38%, with other sources contributing 0.62% [2]. - Guanghetong is classified under the communication equipment sector, specifically in communication terminals and accessories, and is associated with concepts such as AI toys, embodied intelligence, edge AI, smart glasses, and 5G [2]. Financial Performance - For the period from January to September 2025, Guanghetong reported a revenue of 5.366 billion yuan, representing a year-on-year decrease of 13.69%. The net profit attributable to shareholders was 316 million yuan, down 51.50% year-on-year [2]. - Since its A-share listing, Guanghetong has distributed a total of 869 million yuan in dividends, with 620 million yuan distributed over the past three years [3]. Stock Performance - As of December 18, Guanghetong's stock price was 27.43 yuan per share, with a market capitalization of 24.702 billion yuan. The stock has increased by 38.53% year-to-date, but has seen a decline of 2.07% over the last five trading days [1]. - The stock experienced a net outflow of 24.3166 million yuan in principal funds, with significant buying and selling activity noted in large orders [1]. - Guanghetong has appeared on the stock market's "Dragon and Tiger List" three times this year, with the most recent appearance on December 2, where it recorded a net buy of -925.283 million yuan [1]. Shareholder Information - As of September 30, 2025, Guanghetong had 79,500 shareholders, a decrease of 3.54% from the previous period. The average number of circulating shares per shareholder increased by 3.67% to 6,703 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 6.3011 million shares, an increase of 1.553 million shares from the previous period [3].

（文章来源：证券日报） 证券日报网讯 12月16日晚间，广和通发布公告称，持有深圳市广和通无线股份有限公司（以下简称"公 司"）股份3，303，822股（占剔除回购专用账户股份后公司目前总股本的0.37%）的股东叶志斌女士， 计划在本公告披露之日起十五个交易日后的三个月内，以集中竞价、大宗交易等深圳证券交易所认可的 合法方式减持公司股份合计不超过825，955股，即不超过剔除回购专用账户股份后公司目前总股本的 0.09%。 ...

Core Insights - The edge AI device industry is experiencing rapid growth, driven by advancements in lightweight AI algorithms and edge computing technology, leading to increased shipments in consumer electronics, smart security systems, and wearable devices [1][4]. Group 1: Definition and Advantages of Edge AI Devices - Edge AI refers to the deployment of artificial intelligence computation and decision-making processes directly on end devices, such as smartphones and IoT devices, enhancing local processing capabilities and improving user experience and privacy [2][3]. - Edge AI devices operate independently of cloud servers, allowing for real-time responses and reduced data transmission costs, while also ensuring data security and privacy [2][3]. Group 2: Current State of the Edge AI Device Industry - The global shipment of edge AI devices is projected to reach 311 million units in 2024, an increase of 185 million units from 2023, with expectations to grow to 438 million units by 2025 [5]. - The industry is characterized by a complete ecosystem covering the entire value chain, including AI chips, sensors, and application scenarios, with significant applications in consumer electronics, smart homes, and automotive sectors [4][6]. Group 3: Development Environment and Policies - The edge AI sector is reshaping traditional cloud computing paradigms, with various national policies supporting its growth, such as the "Artificial Intelligence + Action" initiative and the "14th Five-Year Plan" [6]. Group 4: Competitive Landscape - Domestic companies in the edge AI device sector have gained global competitiveness, particularly in manufacturing scale and cost efficiency, with key players including Luxshare Precision, Goertek, and Beijing Junzheng [6][7]. - Beijing Junzheng focuses on embedded CPU chips and reported revenue of 2.244 billion yuan in the first half of 2025, with significant contributions from computing and storage chips [8][10]. Group 5: Future Trends - The edge AI device industry is expected to evolve towards higher efficiency, lower power consumption, and smaller sizes, with expanding applications across various smart devices and fields [10]. - The emergence of multimodal large models will provide enhanced intelligent processing capabilities for edge devices, facilitating better human-computer interaction [10].

| | | 12月17日A股投资避雷针 | | --- | --- | --- | | 类别 | 公司 | 主要内容 | | 股东减持 | 孚能科技 | 4名股东拟减持不超2.0000%股份 | | | 华塑胶份 | 皖投工业拟减持不超过3594.74万股公司股份 | | | 天银机电 | 控股股东累计减持0.85%股份 | | | 上海建科 | 国新上海累计减持340.32万股公司股份 | | | 尚太科技 | 长江辰道减持267.2万股公司股份 | | | 赛意信息 | 实际控制人及其一致行动人合计减持483.79万股公司股份 | | | 水量光电 | 深改哲新减持387.32万股公司股份 | | | 凯伦股份 | 李忠人累计减持1.06%股份 | | | 和远气体 | 长江资本拟减持1%股份 | | | 广和通 | 叶志斌拟减持不超过82.6万股 | | | 大博医疗 | 大博国际累计减持1.52%股份 | | | 金风科技 | 和谐健康累计减持0.850871%公司股份 | | | 美凯龙 | 淘宝控股及新零售基金价合计减持0.96%公司H股股份 | | 其他 | 百大集团 | 股价存在股价短期涨幅较 ...