Core Insights - Tongyu Communication reported a stable performance in the first half of 2025, achieving revenue of 533 million yuan and a net profit of 21.78 million yuan, driven by steady growth in traditional business and strong expansion in overseas markets [2] - The company has made significant advancements in satellite communication, launching a ground station and satellite communication payload antenna products, contributing to a revenue of 26.08 million yuan in this segment [5][6] Group 1: Financial Performance - In Q2 2025, Tongyu Communication achieved revenue of 282 million yuan and a net profit of 10.60 million yuan [2] - For the first half of 2025, the company’s revenue from base station antennas and RF devices was 372 million yuan, accounting for 71.14% of total revenue [3] - The overseas revenue reached 266 million yuan, a year-on-year increase of 47.77%, representing 49.93% of total revenue [3] Group 2: Product Development and Innovation - The company invested 44.98 million yuan in R&D for base station antenna technology, becoming the first globally to achieve mass commercialization of AFU antennas [3] - In the microwave antenna sector, Tongyu Communication's products generated 119 million yuan in revenue, marking a significant year-on-year growth of 84.36% [3] - The company has developed a high-gain narrow beam antenna for high-speed rail, securing a procurement project worth 157 million yuan [7] Group 3: Market Expansion - Tongyu Communication's products are certified by major integrators like Ericsson, Nokia, and Samsung, and are sold in over 70 countries [4] - The company has established a strong presence in overseas markets, particularly in the Middle East, Southeast Asia, and Europe, enhancing its market share [4] - The MacroWiFi product has been deployed in Southeast Asia and is expanding into Russia, the Middle East, and Africa, showcasing strong international growth potential [7] Group 4: Strategic Initiatives - The company is focusing on satellite communication as a strategic business area, integrating low Earth orbit (LEO) and geostationary orbit (GEO) satellite technologies [5][6] - Tongyu Communication has formed partnerships and joint ventures to enhance its satellite communication capabilities and industry collaboration [6] - The company is actively participating in major satellite constellation projects in China, solidifying its strategic positioning in the satellite communication industry [6]

（编辑 袁冠琳） 证券日报网讯 通宇通讯8月14日在互动平台回答投资者提问时表示，MacroWiFi是公司针对户外复杂场 景的网络通信痛点，特别研发的产品。该产品采用高增益双波束天线阵列技术，具备2公里超远传输距 离和200+用户并发接入能力。结合马斯克的SpaceX的接口，该产品目前在十几个国家进行认证，测试 卫星直接接入互联网的大范围覆盖，各项数值皆有不错测试结果。在阿联酋、印尼、缅甸、马来西亚、 尼日利亚、喀麦隆、俄罗斯都已有小批量订单。 ...

Core Viewpoint - The company is making significant progress with its MacroWiFi product, which is designed for outdoor complex network communication scenarios, and is currently undergoing certification and testing in multiple countries [1]. Group 1: Product Development - The MacroWiFi product utilizes high-gain dual-beam antenna array technology, enabling a transmission distance of over 2 kilometers and the ability to support more than 200 concurrent users [1]. - The product is being tested for direct satellite internet access in collaboration with SpaceX, showing promising results in various metrics [1]. Group 2: Market Presence - The company has received small batch orders for the MacroWiFi product in several countries, including the UAE, Indonesia, Myanmar, Malaysia, Nigeria, Cameroon, and Russia [1].

Core Viewpoint - Tongyu Communication has successfully implemented large-scale testing and commercial deployment of MacroWiFi in Southeast Asia, providing reliable outdoor digital communication infrastructure for operators and enterprises [1] Group 1: Product Development - MacroWiFi is gaining traction as a network coverage solution among small-scale network operators and fiber network service providers in Russia, Middle Eastern countries, and parts of Africa, indicating a significant demand for the product [1] - The company plans to continue increasing its market expansion efforts for the MacroWiFi product as a new overseas business development point [1]

Group 1: Satellite Communication Business - The company has established a product layout in the satellite communication field, covering three major application scenarios: ground stations, satellite communication payloads, and terminal applications [2][3] - In 2024, the satellite communication business revenue exceeded 40 million yuan, with ground station products achieving small batch deliveries [3] - The company successfully won a procurement project for application terminal equipment in April 2024, further consolidating its market position [3] Group 2: Marine and Mobile Communication Solutions - The company launched two high-performance communication products for marine and mobile scenarios, including a 0.4-meter S-band phased array antenna and a 0.6-meter Ku-band terminal [4] - The S-band antenna can receive signals from 8 satellites and is designed for complex mobile environments, while the Ku-band terminal supports 360° rotation for dynamic signal locking [4] Group 3: AI Model Development - The company has initiated the "Tongyu Antenna AI Model Pilot Project," focusing on integrating AI technology with antenna design to enhance R&D efficiency and reduce costs [5] - The project is currently in the deployment phase, aiming to streamline the design process and support continuous innovation in antenna products [5] Group 4: Optical Module Business Progress - The affiliated company Sichuan Guangwei has made significant breakthroughs in the high-speed optical module sector, successfully delivering the first batch of 800G OSFP 2×DR4 optical modules [6] - These modules utilize advanced silicon photonics technology and low-power design, targeting applications in 800G Ethernet and data centers [6] Group 5: MacroWiFi Product Development - MacroWiFi is designed for outdoor complex network communication, featuring a high-gain dual-beam antenna array with a transmission distance of 2 kilometers and the ability to support over 200 concurrent users [7] - The product has been successfully tested and deployed in Southeast Asia, with growing demand in regions like Russia, the Middle East, and parts of Africa [7] Group 6: Low Altitude Economy and 5G-A Integrated Antenna - The company has made substantial progress in the 5G-A integrated antenna field, developing a low-altitude communication solution that covers up to 600 meters [8] - This solution has been validated through joint testing with operators and is currently in the small batch delivery phase, with market recognition for its performance [8]

Group 1 - Company participated in the 2025 MWC Shanghai exhibition with the theme "Intelligent Connection Without Boundaries, All-Domain Integration," showcasing five core technologies including satellite-ground integrated communication solutions and MacroWiFi [2] - The satellite-ground integrated communication solution combines low Earth orbit (LEO) and geostationary orbit (GEO) satellite technologies, providing seamless network coverage in remote areas and supporting low-altitude economy and emergency communication [2] - MacroWiFi product, designed for outdoor complex scenarios, features a transmission distance of 2 kilometers and supports over 200 concurrent users, with successful deployment in Southeast Asia and interest from operators in Russia, the Middle East, and Africa [3] Group 2 - Company has made significant progress in the 5G-integrated antenna business, developing a low-altitude communication solution that covers up to 600 meters, providing reliable network access for drones and other aircraft [3] - In the satellite communication market, the company has established a leading position, with 2024 revenue from satellite communication expected to exceed 40 million yuan, and ongoing projects in ground station delivery [4] - The company has invested in Blue Arrow Hongqing, which has plans for a satellite constellation, enhancing collaboration in satellite communication [4] Group 3 - Company reported a revenue of 251 million yuan in Q1 2025, a year-on-year increase of 6.08%, with a net profit of 11.18 million yuan, up 128.26% [5] - The company's gross profit margin stands at 26.33%, with a debt ratio of 19.95% and investment income of 4.08 million yuan [5] - Recent institutional ratings indicate a buy recommendation from one institution in the last 90 days [5]

Group 1: Company Overview and Strategy - The company participated in the 2025 MWC Shanghai exhibition, showcasing five core technologies including satellite-ground integrated communication solutions and Massive MIMO antennas [3] - The company introduced its 2024 business development and 2025 strategic planning during investor interactions [2] Group 2: Product Innovations and Market Expansion - The MacroWiFi product, designed for outdoor complex scenarios, supports over 200 concurrent users and has been tested in Southeast Asia, with plans for further market expansion [3] - The company has made significant progress in the 5G-A integrated antenna sector, providing reliable network access for low-altitude applications, with products entering small batch delivery [4] Group 3: Satellite Communication Market Position - The company achieved over 40 million CNY in revenue from satellite communication in 2024, with ongoing projects in ground station delivery and new bids [5] - The company has established a strong presence in the satellite communication market, focusing on satellite ground stations and application terminals [5] Group 4: Strategic Partnerships - The company has invested in Blue Arrow Hongqing, which has plans for a constellation of 10,000 satellites, enhancing collaboration in satellite communication [6]