Core Viewpoint - The company, Weimob Communication, is poised to benefit from the new development opportunities in the two-wheeler business, having established partnerships with several major domestic two-wheeler manufacturers [1] Group 1: Business Development - The company has developed its own IoT smart terminal that supports 4G communication and features triple positioning capabilities including Beidou/GPS/LBS [1] - The new national standard for two-wheelers officially took effect on September 1, with a transition period from September to November during which old standard models can still be sold [1] - The company’s two-wheeler products that comply with the new standard have already been shipped in the fourth quarter, indicating readiness for the upcoming regulatory changes [1] Group 2: Market Impact - The policy benefits from the new national standard are expected to drive growth in the company's domestic two-wheeler business as the new standard will be fully enforced by December 1, 2025 [1]

Company Overview - Shanghai Weiwai Communication Technology Co., Ltd. was established in 2009 and listed on the Shenzhen Stock Exchange in 2017, focusing on IoT terminal products and solutions for global clients [2]. - The company is recognized as a national-level "Little Giant" enterprise, covering a wide range of wireless communication technologies including LTE, Wi-Fi, BLE, and 5G [2]. Financial Performance - In the first three quarters of 2025, the company achieved revenue of ¥582.31 million, a year-on-year decrease of 16.06% [3]. - The third quarter revenue was ¥222.34 million, showing a quarter-on-quarter growth of 9.44% [3]. - Net profit attributable to shareholders for the third quarter was ¥30.61 million, with a quarter-on-quarter increase of 44.14% [3]. - R&D expenses for the first three quarters were ¥98.79 million, reflecting a year-on-year increase of 13.78% [3]. Market and Product Development - The company has seen significant revenue growth in emerging business areas: - Video vehicle networking products: ¥36.66 million, up 90.44% year-on-year [4]. - Animal tracking and tracing products: up 20.60% year-on-year [4]. - Industrial routers: up 77.54% year-on-year [4]. - The company is expanding its market presence in South America, Oceania, and domestic markets, leveraging efficient logistics channels [3]. Financial Health - The company maintains a healthy financial status with a debt-to-asset ratio of 10.71% and a net profit margin of 10.56% [4]. - Cash flow is robust, with a current ratio of 8.09, indicating strong liquidity [4]. Strategic Initiatives - The company is actively investing in smart vehicle networking and AI applications, with plans to launch AI toy products that are expected to grow from a market size of $18.1 billion in 2024 to $60 billion by 2033 [6]. - The company has established a collaborative production network in Southeast Asia to mitigate tariff risks and enhance supply chain resilience [5]. Customer and Market Insights - The company’s vehicle information smart terminal products accounted for 47.57%, 56.03%, and 65.76% of total revenue in 2023, 2024, and the first half of 2025, respectively [8]. - The company has a strict credit evaluation mechanism for customer payments, resulting in low bad debt probability [9].

Core Viewpoint - The company is focused on providing wireless IoT devices and comprehensive solutions, supporting mainstream positioning systems such as GPS, Beidou, Galileo, and GLONASS [1] Group 1: Company Overview - The company has developed a smart terminal matrix for two-wheeled vehicles, which covers multiple models [1] - Products are widely compatible with various two-wheeled transportation tools, including electric bicycles, electric motorcycles, fuel motorcycles, shared scooters, shared bicycles, and E-bikes [1] Group 2: Technology and Certification - The core technology utilized in the company's two-wheeled vehicle IoT smart terminals includes triple positioning technology: Beidou, GPS, and LBS [1] - Electric vehicles equipped with the company's two-wheeled IoT smart terminals have passed the new national standard certification [1]

Core Viewpoint - The company, Yiwei Communication, is positioned to benefit from the dual opportunities of policy incentives and increasing market demand for its two-wheeled vehicle IoT smart terminals as new national standards are implemented [1] Group 1: Product Features - The two-wheeled vehicle IoT smart terminals support 4G communication, Beidou/GPS/LBS triple positioning, vehicle data collection, Bluetooth, abnormal alarm, and remote power cut-off functions [1] Group 2: Compliance and Certification - Recently, the electric vehicles equipped with the company's two-wheeled vehicle IoT smart terminals have passed the new national standard certification, validating the product's compliance [1] Group 3: Market Opportunities - The company has established partnerships with major domestic two-wheeled vehicle manufacturers, indicating strong industry collaboration [1] - With the implementation of new national standards and the rising demand for smart technology, the company is expected to experience significant growth opportunities [1]

Core Viewpoint - The company has successfully passed the new national standard certification for its two-wheeled IoT smart terminals, indicating product compliance and readiness for market entry [1] Company Developments - The company has established partnerships with major domestic two-wheeled vehicle manufacturers, positioning itself well for future growth [1] - The upcoming implementation of new national standards and the increasing demand for smart technology are expected to create a dual opportunity for the company's two-wheeled smart terminals [1]

Core Viewpoint - The implementation of the new safety technical specifications for electric bicycles (GB 17761—2024) on September 1, 2025, will create opportunities for companies involved in the electric bicycle industry, particularly those providing IoT solutions and smart terminals [2]. Group 1: Company Overview - The company, Weimob Communication (300590.SZ), has developed IoT smart terminals for two-wheeled vehicles that support 4G communication, BeiDou/GPS/LBS triple positioning, data collection, Bluetooth, abnormal alarm, and remote power cut-off functions [2]. - The company's IoT smart terminals for electric bicycles have recently passed certification for compliance with the new national standards, indicating the readiness of its products for the market [2]. Group 2: Market Opportunities - The company has established partnerships with major domestic two-wheeled vehicle manufacturers, positioning itself to benefit from the dual opportunities of policy incentives and increasing market demand as the new standards are implemented [2].

Core Viewpoint - The company, Weimob Communication, has successfully passed the new national standard certification for its two-wheeled vehicle IoT smart terminals, indicating product compliance and readiness for market entry [1] Group 1: Product Development - The electric vehicles equipped with the company's IoT smart terminals have undergone testing to verify compliance with new national standards [1] - The company has established partnerships with major domestic two-wheeled vehicle manufacturers, positioning itself well in the market [1] Group 2: Market Opportunities - The implementation of new national standards and the increasing demand for smart technology are expected to create a dual opportunity for the company's two-wheeled vehicle smart terminals [1]