Core Viewpoint - The company, Xintong Electronics, is leveraging its extensive experience and technology in the communication and power intelligent operation and maintenance industry to address communication issues caused by poor network signals and adverse weather conditions [1] Group 1: Company Solutions - The company has developed products and solutions that are already in mass production and have been applied to users nationwide and in some overseas regions [1] - To tackle communication network connectivity issues, the company is implementing wireless bridge and satellite communication solutions [1] - The wireless bridge solution has already been launched in the market, while the satellite communication technology and products are currently under research and testing [1] Group 2: Satellite Communication Development - Satellite communication offers advantages such as ultra-wide coverage, strong anti-interference, and high reliability, prompting the company to conduct extensive research [1] - The company is actively participating in trial commercial testing and industrialization efforts for narrowband satellite communication [1] - The company is also tracking strategic planning and construction related to low Earth orbit broadband satellite internet, preparing for the deployment and reserve of broadband satellite communication technology [1]

Core Viewpoint - The company has extensive experience and technology in the communication and intelligent operation and maintenance of the power industry, with products and solutions already in mass application across the country and some overseas regions [1] Group 1: Product and Solutions - The company has encountered issues such as poor signal, no signal, and communication anomalies due to adverse weather conditions during product usage [1] - To address these issues, the company has implemented solutions using wireless bridges and satellite communication [1] - Products utilizing the wireless bridge solution have already been mass-produced and launched [1] Group 2: Research and Development - The company is currently researching and testing satellite communication solutions, which offer advantages such as wide-area coverage, strong anti-interference, and high reliability [1] - Significant research efforts have been made by the company to actively participate in the trial commercial testing and industrialization of narrowband satellite communication [1] - The company is also tracking the strategic planning and construction of low-orbit broadband satellite internet, preparing for the technology and reserves related to broadband satellite communication [1]

Core Insights - The performance meeting held by Guangdong Tongyu Communication Co., Ltd. on September 1, 2025, attracted participation from 83 institutions, including Southern Fund and Western Gain Fund, where executives discussed the company's business development and financial data for the first half of 2025 [1] Business and Financial Overview - In the first half of 2025, the microwave antenna business generated approximately 119 million yuan, representing a year-on-year growth of about 84%, with a gross margin of 33%, accounting for 22% of total revenue [1] - The optical module business saw a revenue increase of 98%, currently contributing 0.67% to total revenue [1] - The satellite communication business reported a revenue increase of 2.59%, reaching 26 million yuan [1] Investor Interaction Highlights - The company is optimistic about the growth of its satellite communication business, which aligns with national strategies for low-orbit broadband satellite internet, and is involved in multiple satellite constellation plans [2] - The overseas sales account for nearly half of total revenue, driven by 4G construction in Belt and Road countries and 5G network upgrades in certain nations [2] - The MACRO WIFI product is being tested in several countries and has begun small-scale deliveries, with plans to expand sales channels in Belt and Road countries [2] - The company aims to enhance its communication capabilities in remote areas and sees significant demand for its products in domestic and international markets, particularly in Southeast Asia and Australia [2] - The company plans to optimize its sales structure and views satellite communication as a second growth curve for the next five years [2] - The subsidiary Sichuan Guangwei Communication has shown stable performance with its 400G and 200G products, and is expanding into overseas markets [2] - The company is optimistic about the base station antenna market over the next 3-5 years, despite a decline in direct procurement by domestic operators [2]