Quectel(SH:603236)2023-09-28 10:41Group 1: Company Overview and Strategy - The company, Shanghai Yiyuan Communication Technology Co., Ltd., is committed to a global development strategy, having established three research centers in Belgrade, Vancouver, and Penang, covering Europe and North America [1][3]. Group 2: Recruitment and Talent Focus - Recruitment efforts are primarily focused on areas such as AI algorithms, ODM, antennas, and software platform services, which are expected to drive long-term growth beyond module offerings [4]. Group 3: Inventory Management - The company employs a refined management system for raw materials, leading to a gradual reduction in previously accumulated inventory during Q2 [4]. Group 4: Product Offerings - Main products currently shipped include cellular modules such as Cat-1, Cat-4, 5G, and Smart products, along with automotive products [4]. Group 5: Application Scenarios - Smart modules have diverse application scenarios, including access control, facial recognition in retail, handheld devices, and smart utility meters, with high penetration in urban areas and significant room for improvement in rural areas [4]. Group 6: Industry Growth Outlook - The IoT industry is expected to continue growing, with the company aiming to match the industry's growth rate by expanding into new business areas such as antennas, GNSS, ODM, and software platform services [4]. Group 7: Customer Demands - There is a shift in customer demands towards upgrades in standards, as well as varying requirements for speed, connection numbers, and positioning accuracy [4].