据港交所12月19日披露，美格智能（002881）技术股份有限公司(简称：美格智能，002881.SZ)向港交 所主板提交上市申请，中金公司（601995）为其独家保荐人。这是该公司年内第二次递表，公司曾于6 月18日向港交所递交过上市申请。招股书显示，美格智能是全球领先的无线通信模块及解决方案提供 商，以智能模块(尤其是高算力智能模块)为核心，推动智能化、端侧AI及5G通信的广泛应用。根据弗若 斯特沙利文的资料，于2024年，按无线通信模块业务收入计，公司在全球无线通信模块行业中排名第 四，占全球市场份额的6.4%。 | 编纂][编纂]數目 | : [編纂]股H股(視乎[編纂]行使情況而定) | | --- | --- | | [编纂]數目 | : [編纂]股H股(可予編纂]) | | [编纂]數目 | : [编纂]股H股(可予编纂]並視乎[编纂]行使情況而 | | | 定) | | 最高 编纂] | : 每 股[編 纂][編 纂]港 元,另 加 1%經 紀 佣 金、 | | | 0.0027％證監會交易徵費、0.00565%聯交所交 | | | 易費及0.00015%會財局交易徵費(須於申請時 | | | ...

Group 1 - The core point of the article is that Meige Intelligent Technology Co., Ltd. (002881) has received a notice from the China Securities Regulatory Commission regarding its overseas issuance and listing of shares, planning to issue no more than 75,006,100 ordinary shares for listing on the Hong Kong Stock Exchange [1] Group 2 - According to the Hong Kong Stock Exchange, Meige Intelligent's prospectus submitted on June 18 has expired as of December 18, with China International Capital Corporation (CICC) acting as the sole sponsor during the application process [4] - Meige Intelligent is recognized as a leading global provider of wireless communication modules and solutions, focusing on intelligent modules, particularly high-performance intelligent modules, to promote the widespread application of AI and 5G communication [4] - Based on data from Frost & Sullivan, Meige Intelligent ranks fourth in the global wireless communication module industry by revenue in 2024, holding a market share of 6.4% [4]

美格智能（002881）技术股份有限公司(下称：美格智能)(002881.SZ)于6月18日所递交的港股招股书满6个月，于12月18日失效，递表时中金公司（601995） 为其独家保荐人。 据招股书，美格智能是全球领先的无线通信模块及解决方案提供商，以智能模块(尤其是高算力智能模块)为核心，推动智能化、端侧AI及5G通信的广泛应 用。根据弗若斯特沙利文的资料，于2024年，按无线通信模块业务收入计，该公司在全球无线通信模块行业中排名第四，占全球市场份额的6.4%。 ...

智通财经APP获悉，美格智能技术股份有限公司(下称：美格智能)(002881.SZ)于6月18日所递交的港股招股书满6个月，于12月18日失效，递表时中金公司为 其独家保荐人。 据招股书，美格智能是全球领先的无线通信模块及解决方案提供商，以智能模块(尤其是高算力智能模块)为核心，推动智能化、端侧AI及5G通信的广泛应 用。根据弗若斯特沙利文的资料，于2024年，按无线通信模块业务收入计，该公司在全球无线通信模块行业中排名第四，占全球市场份额的6.4%。 ...

美格智能是无线通信模组及解决方案提供商。2025年5月，美格智能启动赴港上市计划，6月向港交所提 交上市申请书。本次港股IPO募集资金拟用于加速全球化布局、提升公司的研发及创新能力等。 长江商报消息 美格智能（002881.SZ）赴港上市取得新进展。 12月16日晚，美格智能公告，公司发行境外上市外资股（H股）获证监会备案。 近年来，美格智能海外市场增长十分强劲。2025年前三季度，美格智能海外客户5G产品、智能化产品 持续大批量发货，实现海外营业收入9.6亿元，同比增长约38%，占当期营业收入的34%。 推进H股上市加快国际化 12月16日晚，美格智能公告称，公司于近日收到中国证券监督管理委员会（以下简称"中国证监会"）出 具的《关于美格智能技术股份有限公司境外发行上市备案通知书》，公司拟发行不超过7500.61万股境 外上市普通股并在香港联合交易所主板上市。备案通知书有效期为12个月，公司需在有效期内完成境外 发行上市。 根据公告，备案通知书仅对公司境外发行上市备案信息予以确认，不表明中国证监会对公司证券的投资 价值或者投资者的收益作出实质性判断或者保证。公司本次境外发行上市尚需取得香港证券及期货事务 监 ...

Core Insights - The wireless communication module is a crucial connection hub between the perception layer and the network layer of the Internet of Things (IoT) [1] - The global market size for wireless communication modules is projected to reach $6.12 billion in 2024, with a year-on-year growth of 9.2% [10][12] - China's wireless communication module market is expected to reach 24.9 billion yuan in 2024, with a compound annual growth rate (CAGR) of 9.4% from 2020 to 2024 [14] Industry Overview - Wireless communication modules integrate various chips and components on a PCB to facilitate radio wave transmission, noise filtering, and signal conversion [1][6] - The industry is characterized by high market concentration, with the top five companies holding over 75% of the market share by 2024 [18] Market Size and Growth - The application scale of wireless communication modules in the IoT sector is projected to be $3.09 billion in 2024, growing by 11.6% [12] - The wireless broadband application scale is expected to be $1.52 billion, with a growth of 6.9% [12] - The smart connected vehicle application scale is anticipated to reach $700 million, growing by 15.1% [12] Competitive Landscape - The leading companies in the global wireless communication module market include Quectel (移远通信) and Gree (广和通), with market shares of 42.6% and 18.1% respectively [18] - The first-tier companies generate revenues exceeding 5 billion yuan, while second-tier companies have revenues over 1 billion yuan [16] Industry Trends - Wireless communication modules are evolving from traditional connection devices to intelligent components that integrate communication, computing, and management functions [20] - The integration of AI technology is transforming communication modules into intelligent terminals capable of data analysis and decision support [21] - There is a trend towards smaller sizes and lower power consumption in wireless communication modules, catering to the needs of portable and embedded systems [23]

丨证券研究报告丨 公司研究丨点评报告丨美格智能（002881.SZ） [Table_Title] 智能模组批量出货，智能汽车增长明显 报告要点 [Table_Summary] 行业层面，DeepSeek 通过算法与工程创新实现了提质降本，大幅降低了模型推理成本。 DeepSeek-R1 大幅降低算力侧训练成本，大模型价格再下降，意味着 AI 产业链价值分配或将 发生变化，下游 AI 应用或将在产业链价值分配中获得更大的蛋糕模组受益于 AI 终端放量，且 从 4G->5G->智能模组逐渐升级，价值量亦有提升。公司层面，美格智能在国内深化智能网联 车和 FWA 解决方案布局的同时，海外聚焦 5G-A 模组和 Redcap 产品线，通过运营商定制化 策略切入北美/欧洲高端市场。 分析师及联系人 [Table_Author] 于海宁 祖圣腾 SAC：S0490517110002 SAC：S0490523030001 SFC：BUX641 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 美格智能（002881.SZ） cjzqdt11111 [Table_Title2] ...