公司是領先的無線通信模組及解決方案提供商，以智能模組（尤其是 高算力智能模組）為核心。公司的模組及解決方案廣泛應用於泛物聯 網（「IoT」）、智能網聯車（「ICV」）及無線寬帶領域。 概要 全球市場份額排第四：根據弗若斯特沙利文的資料，於 2024 年，按無 線通信模組業務收入計，公司在全球無線通信模組行業中排名第四， 佔全球市場份額的 6.4%。根據同一資料來源，全球無線通信模組市場 高度集中，三大參與者於 2024 年佔全球市場收入的 65.7%（其中最大 參與者獨佔 42.7%的市場份額），而公司雖排名第四，市場份額僅為 6.4%。 三大競爭優勢：(i)全球領先的無線通信模組及解決方案提供商；(ii)技 術專業知識與持續創新，帶來差異化的技術優勢；(iii)三大核心領域均 衡發展，打造多元化市場覆蓋能力；(iv)與全球頭部客戶長期合作，構 建強大市場競爭力；及(v)紮實的企業文化、高瞻遠矚的管理團隊和多 元化人才儲備，為發展提供堅實支撐。 增長趨勢持續：全球高科技產業的加速發展也推動無線通信模組市場 持續擴容，客戶對高定製化與高附加值方案的需求上升，驅動無線通 信模組企業發展更具技術含量的產品實現更高收 ...

Market Overview - The Hang Seng Index is expected to rise towards 26,000 points due to a stable economic outlook in mainland China and a postponement of tariffs by the US, although corporate earnings improvements are limited [2] - Market activity remains robust with active trading across various sectors, reflecting a positive risk appetite among investors [2] Macro Focus - US President Trump indicated that global benchmark tariffs could range between 15% to 20%, with ongoing trade negotiations between the US and China potentially paving the way for a meeting between leaders [4][8] - Reports suggest that the US-China tariff ceasefire may be extended by another 90 days, with no new tariffs imposed during this period [8] - The Chinese government is implementing a child-rearing subsidy of 3,600 RMB per year for children under three years old, aimed at reducing family costs and benefiting over 20 million families annually [8] Corporate News - WuXi AppTec (2359) reported a 95% increase in interim profits, exceeding expectations, and raised its full-year operational outlook [10] - Huazhong Medicine (2552) anticipates a profit of over 1.1 billion RMB for the interim period, a significant turnaround from a loss in the previous year [10] - ZTE Corporation (0763) plans to issue convertible bonds at a 15.9% premium, expecting to raise over 3.5 billion RMB for enhancing its computing product development [10] - Same Origin Pharmaceutical (2410) is conducting a discounted share placement to raise approximately 1.6 billion RMB for R&D and operational needs [10] - The Hong Kong retail sector is experiencing a recovery, with a 0.9% quarterly increase in core street shop rents, driven by the return of international tourists [9][10] Economic Indicators - Hong Kong's exports rose by 11.9% year-on-year in June, marking the 16th consecutive month of growth, although this was below market expectations [9] - The US Treasury plans to issue over 1 trillion USD in bonds this quarter to cover a shortfall from the previous quarter, reflecting a cautious economic outlook [8]