中国经济网北京9月5日讯移远通信（603236）(603236.SH)昨日晚间发布公告称，公司于2025年9月4日 收到上海证券交易所出具的《关于上海移远通信技术股份有限公司向特定对象发行股票的交易所审核意 见》，公司向特定对象发行股票申请符合发行条件、上市条件和信息披露要求。上海证券交易所将在收 到公司申请文件后提交中国证监会注册。 移远通信表示，公司本次向特定对象发行A股股票事项尚需获得中国证监会作出同意注册的决定后方可 实施，最终能否通过中国证监会同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情 况及时履行信息披露义务。 移远通信于6月11日披露的《2025年度向特定对象发行A股股票募集说明书(申报稿)》显示，本次向特定 对象发行股票募集资金总额不超过230,000.00万元(含本数)，扣除发行费用后的募集资金净额将全部用 于以下项目：车载及5G模组扩产项目、AI算力模组及AI解决方案产业化项目、总部基地及研发中心升 级项目、补充流动资金项目。 | | | 本次向特定对象发行股票的数量按照募集资金总额除以发行价格确定，且不超过本次发行前公司总股本 的10%，即本次发行不超过26,165,7 ...

Core Viewpoint - The company, Quectel, has officially received approval from the Shanghai Stock Exchange for a private placement plan to raise 2.3 billion yuan, aimed at expanding its production capacity in automotive and 5G modules, as well as developing AI solutions and upgrading its headquarters and R&D center [1][2]. Group 1: Investment Projects - The total investment for the automotive and 5G module expansion project is 957.27 million yuan, with the same amount allocated from the raised funds [3]. - The AI computing module and AI solution industrialization project has a planned investment of 411.24 million yuan, fully funded by the raised capital [3]. - The headquarters and R&D center upgrade project has a total investment of 728.44 million yuan, with 531.50 million yuan sourced from the raised funds [3]. - The working capital supplement project is allocated 400 million yuan, fully funded by the raised capital [3]. Group 2: Business Growth and Market Position - The automotive and industrial IoT sectors are the core sources of revenue growth for the company, contributing over half of its income [4]. - The company has developed a "seven major automotive product technology ecosystem," covering various modules and has partnerships with over 30 leading automotive brands [4]. - The company is projected to ship over 20 million units of its 5G RedCap module by 2025, holding a 31% market share in global 5G module shipments in 2024 [4]. - The AI computing module and solutions are expected to see a 45% year-on-year revenue growth in 2024, with applications in industrial quality inspection and robotics [4]. Group 3: Market Trends and Future Outlook - The global cellular IoT module market is expected to grow by 16% year-on-year in Q1 2025, driven by strong demand from India, China, and Latin America [8]. - The company maintains its position as the global leader in cellular IoT modules, with a market share that, along with its closest competitors, accounts for over half of global shipments [8][11]. - The company anticipates benefiting from China's "5G Application Sailing Action Plan," with expectations to capture over 50% of new demand by 2025 [11]. - Emerging businesses such as satellite communication modules and edge AI modules are projected to account for over 30% of revenue by 2025, optimizing the company's product structure [12].

Core Viewpoint - The company, Quectel, has successfully initiated a capital increase plan of 2.3 billion yuan to enhance its production capacity in the automotive and 5G module sectors, as well as to develop AI solutions and upgrade its headquarters and R&D center [1][4][6]. Group 1: Company Overview - Quectel, established in 2010 and based in Shanghai, specializes in IoT technology development and wireless module supply, providing comprehensive IoT cellular communication module solutions [4]. - The company went public in 2019 and currently has a market capitalization of approximately 20 billion yuan [4]. - Quectel is recognized as a national high-tech enterprise [4]. Group 2: Financial Performance - In 2024, Quectel reported a significant revenue increase of 34.14%, reaching 18.594 billion yuan, with a net profit surge of 548.49% to 588 million yuan [5]. - The automotive and industrial IoT sectors are the primary drivers of revenue growth, contributing over half of the total income [5]. Group 3: Market Position and Product Offerings - Quectel holds a 37.1% market share in the global cellular IoT module market in 2024, maintaining the leading position for several consecutive quarters [5]. - The company has established partnerships with over 30 automotive manufacturers, including major brands like Mercedes-Benz and Toyota [5]. - Quectel's 5G modules accounted for 31% of the global 5G IoT terminal shipments in 2024, serving over 1,000 clients across various verticals [6]. Group 4: Capital Increase Purpose - The capital increase will fund projects including the expansion of automotive and 5G module production, AI computing module development, and upgrades to the headquarters and R&D center [6][7]. - The automotive and 5G module expansion project has a total investment of 957 million yuan, aimed at enhancing production capabilities and supply chain stability [7]. - The AI computing module project, with an investment of 411 million yuan, will focus on acquiring advanced technology and talent in communication and AI fields [7]. Group 5: Industry Outlook - The global cellular module market is expected to recover in 2024, with an estimated shipment of 705 million units and revenue reaching 9.239 billion USD by 2029 [8]. - The company is projected to capture over 50% of the new demand anticipated in 2025, driven by favorable policies and increasing 5G penetration in the automotive sector [8]. - Emerging business areas such as satellite communication and edge AI modules are expected to account for over 30% of revenue by 2025, further optimizing the product structure [8]. Group 6: Future Growth Potential - The capital increase reflects the company's rapid growth and potential for further acceleration in the market, supported by a billion-dollar market and the anticipated boom in 5G RedCap modules [7][9].

Core Viewpoint - The company, Quectel (移远通信), has announced a plan to issue A-shares to specific investors, aiming to raise up to 230 million yuan for various projects, including expansion of vehicle and 5G modules, AI computing modules, and upgrading its headquarters and R&D center [1][2]. Group 1: Fundraising and Project Allocation - The total investment for the projects is approximately 249.69 million yuan, with the following allocations: - Vehicle and 5G module expansion: 95.73 million yuan - AI computing module and solution industrialization: 41.12 million yuan - Headquarters and R&D center upgrade: 72.84 million yuan (with 53.15 million yuan from the raised funds) - Working capital: 40 million yuan [2] - The issuance will be directed to no more than 35 qualified investors, including securities investment funds, securities companies, asset management companies, trust companies, financial companies, insurance institutions, and qualified foreign institutional investors [2][3]. Group 2: Issuance Details - The pricing benchmark for the issuance will be set on the first day of the issuance period, with the issue price not lower than 80% of the average trading price over the previous 20 trading days [3]. - The number of shares to be issued will not exceed 10% of the company's total share capital prior to the issuance, estimated at a maximum of 26,165,765 shares [3][5]. Group 3: Shareholder Control and Historical Context - As of the announcement date, the controlling shareholder, Qian Penghe, holds 17.19% of the shares, and through a partnership, controls a total of 23.78% of the voting rights. The issuance will not change the control of the company [5]. - The company was listed on the Shanghai Stock Exchange on July 16, 2019, raising approximately 980 million yuan, with net proceeds of 902 million yuan allocated to various projects [6]. - In 2021, the company raised 1.06 billion yuan through a private placement, with the total fundraising from the IPO and the private placement amounting to approximately 2.04 billion yuan [7].