New Stock News | MeiG Smart Technology (002881.SZ) holds a 6.4% share of the global wireless communication module market through a hearing at the Hong Kong Stock Exchange.

According to the disclosure on the Hong Kong Stock Exchange on February 11, MeiG Smart Technology Co., Ltd. (referred to as MeiG Smart Technology, 002881.SZ) conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor. According to the prospectus, the company is a leading provider of wireless communication modules and solutions, with smart modules (especially high-performance intelligent modules) as its core. The company's modules and solutions are widely used in the Internet of Things (IoT), Intelligent Connected Vehicles (ICV), and wireless broadband fields. According to data from Frost & Sullivan, by 2024, based on revenue from wireless communication module business, the company ranked fourth in the global wireless communication module industry, with a 6.4% global market share. According to the same source, the global wireless communication module market is highly concentrated, with the top three players accounting for 65.7% of global market revenue in 2024 (with the largest player holding a 42.7% market share), while the company, despite ranking fourth, only has a market share of 6.4%. Wireless communication modules are products that typically have communication functions and are used for long-distance, high-capacity data transmission and processing. The company's wireless communication module product portfolio includes: - Intelligent modules, equipped with System-on-Chip (SoC) processors and intelligent operating systems, which are further divided into: - High-performance intelligent modules, focusing on supporting complex algorithms and edge AI applications; and - Standard intelligent modules, focusing on supporting intelligent applications such as customized software and multimedia functions. - Data transmission modules, focusing on data transmission, security, and high throughput data exchange. With wireless communication module technology as its core, the company is able to launch customized solutions based on the specific application field requirements to meet the diverse needs of customers. This represents added value beyond hardware supply, as the integrated product portfolio combines the company's modules with customized software, hardware, and specific application development services. This includes the customization of complex system-level software and firmware for unique functions and optimized performance, as well as providing essential R&D services to jointly develop and ensure the integration of the final customized solutions into the customer's specific application ecosystem. By delivering functional subsystems or ready-to-use end products (rather than just individual components), the company helps customers solve complex integration issues, shorten their R&D cycles, reduce technical risks, and accelerate their time to market. The company's wireless communication modules and solutions are widely used in various end products, such as POS machines, 5G barcode scanners for logistics and warehouses, intelligent PDA solutions, industrial AI boxes for quality inspection and production facility monitoring, Intelligent cabins, vehicle transport terminals, and mobile WiFi terminals. Financially, for the fiscal years ending September 30, 2022, 2023, 2024, and the nine months ending September 30, 2025, the company's revenues were approximately RMB 2.306 billion, RMB 2.147 billion, RMB 2.941 billion, and RMB 2.821 billion, respectively; while during the same period, net profits were approximately RMB 127 million, RMB 62.609 million, RMB 134 million, and RMB 113 million, respectively.