New stock news | Moving Communications submits application to Hong Kong Stock Exchange

According to the disclosure from Hong Kong Stock Exchange on November 30, Shanghai Yixintong Communication Technology Co., Ltd. (referred to as Yixintong Communication) submitted its application to the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International as the exclusive sponsor. The prospectus shows that Yixintong Communication is a global leading provider of cellular communication chip, with highly optimized engines that enable devices to communicate through cellular LTE/5G networks. The company's chip product matrix covers low, medium, and high wireless transmission speed domains, with a unique advantage of optimizing the balance of "PPA (power consumption, performance, area/cost)", ensuring high performance, low power consumption, cost effectiveness to meet diverse needs, and adapt to rigorous operating conditions in various application scenarios. The company's chips constitute the cornerstone of the Internet of Things ecosystem, enabling physical entities such as smart meters, vehicles, and industrial equipment to achieve seamless data exchange. According to Frost & Sullivan's report, the company has firmly established itself as the leading player in the global cellular Internet of Things chip market competition landscape, with NB-IoT chip shipments expected to reach 26.3 million units by 2024, accounting for 38.4% of the global NB-IoT market. In addition to its leading position in the NB-IoT field, the company is also a strong competitor in the Cat.1bis chip market, further consolidating its industry-leading position. The company's Cat.1bis chips provide excellent cost effectiveness without compromising performance. According to Frost & Sullivan's report, Yixintong Communication's Cat.1bis chip shipments are expected to reach 61.1 million units by 2024, accounting for 22.7% of the global Cat.1bis market, making the company the world's second largest participant in this segment market.