Group 1 - The core point of the news is that Esky Communication experienced a decline of 5.02% in its stock price, reaching 101.21 yuan per share, with a trading volume of 1.146 billion yuan and a turnover rate of 4.26%, resulting in a total market capitalization of 29.131 billion yuan [1] - Esky Communication, established on October 25, 2010, and listed on July 16, 2019, specializes in the design, production, research and development, and sales of wireless communication modules and solutions in the Internet of Things (IoT) sector. The main revenue composition is 99.32% from modules and antennas, with other sources contributing 0.68% [1] Group 2 - From the perspective of major fund holdings, one fund under GF Fund has a significant position in Esky Communication. The GF Arbitrage Fund (000992) increased its holdings by 1,400 shares in the third quarter, bringing the total to 5,200 shares, which represents 1.02% of the fund's net value, making it the fourth-largest holding [2] - The GF Arbitrage Fund (000992) was established on February 6, 2015, with a latest scale of 53.5627 million yuan. Year-to-date, it has incurred a loss of 1.44%, ranking 8,801 out of 8,836 in its category, while its one-year return is 0.78%, ranking 8,000 out of 8,091. Since inception, the fund has achieved a return of 18.59% [2]

Core Viewpoint - The company emphasizes its commitment to customer-oriented solutions and aims to expand its market coverage while exploring emerging business areas [2] Group 1: Business Strategy - The company operates as a comprehensive IoT solution provider, developing a diverse range of businesses including modules, antennas, ODM, intelligent solutions, and software service platforms [2] - A complete ecosystem has been formed, integrating "hardware + connectivity + platform + applications" [2] Group 2: Innovation and Technology - In the field of artificial intelligence, the company has launched an "algorithm supermarket" that offers a complete solution package including modules, large models, algorithms, and IoT platforms [2] - The company is actively implementing solutions in various application scenarios such as smart industry, smart agriculture, companion toys, and robotics [2] Group 3: Market Trends - The company will closely monitor the development of cutting-edge technologies and market trends, seeking collaborative innovation opportunities with industry partners [2]

Core Viewpoint - The company is actively developing its presence in the automotive sector, focusing on a comprehensive product matrix that includes various modules and solutions for intelligent and connected vehicles [1] Group 1: Product Development - The company has established a product matrix that covers intelligent cockpit modules, automotive 4G/5G modules, C-V2X modules, high-precision positioning modules, automotive Wi-Fi/Bluetooth/UWB modules, and automotive antennas [1] - The high-precision GNSS positioning modules and IMU modules are critical components for advanced driver assistance systems [1] Group 2: Safety and Efficiency - The C-V2X modules provided by the company enhance safety and traffic efficiency in high-speed scenarios [1] Group 3: Overall Capability Enhancement - The company aims to deepen its overall capabilities in "hardware + software + platform + application" to support the development of automotive intelligence and connectivity [1]

证券日报网讯 1月12日，移远通信在互动平台回答投资者提问时表示，公司现在已成为全球40多家主流 车厂和60多家Tier 1供应商的重要合作伙伴。公司在具体业务开展过程中，会基于项目实际需要，与合 作伙伴建立并严格履行保密协议。 （文章来源：证券日报） ...

Group 1 - The satellite industry is experiencing strong performance, with related ETFs attracting significant capital inflows, indicating substantial mid-to-long-term investment value due to policy support, technological breakthroughs, and market demand [1][2] - As of January 7, 2025, the Yongying Satellite ETF and the China Merchants Satellite Industry ETF have each received over 1 billion yuan in net inflows this year, while the Fortune Satellite ETF and the E Fund Satellite ETF have attracted 965 million yuan and 385 million yuan respectively [1] - The total net inflows for the Yongying Satellite ETF since Q4 2025 amount to 5.257 billion yuan, with the China Merchants Satellite Industry ETF and the Fortune Satellite ETF receiving 1.627 billion yuan and 1.22 billion yuan respectively [1] Group 2 - The strong performance of the satellite sector is attributed to multiple factors, including key technological breakthroughs, clear national strategies, sustained industrial demand, and active market recognition [2] - The Ministry of Industry and Information Technology supports new models like "mobile direct satellite" applications, aiming for over 10 million satellite communication users by 2030 and issuing satellite internet licenses to multiple operators [2] - The commercial space sector is expected to see a surge in IPOs following the revision of the fifth set of standards on the Sci-Tech Innovation Board, which includes commercial aerospace [2] Group 3 - Institutions are particularly focused on companies' future strategies in the commercial aerospace sector, with companies like Unisoc highlighting their advancements in products for this strategic area [3] - The successful launch of the Zhuque-3 rocket is seen as a critical solution to the long-standing issue of insufficient heavy-lift capacity in China's commercial aerospace, potentially accelerating satellite communication network deployment [3] - The satellite industry is anticipated to enter a new development phase driven by strong policy support and ongoing industrial progress, presenting mid-to-long-term investment opportunities [3]

Core Viewpoint - The strategic partnership between Esky Communication and Guyueju aims to promote the adoption of open-source hardware in the robotics field and reduce development barriers [1] Group 1: Strategic Collaboration - Esky Communication and Guyueju announced a strategic cooperation during CES 2026 [1] - The collaboration focuses on advancing open-source hardware in robotics [1] - Both companies plan to deepen their partnership and upgrade integrated software and hardware solutions [1] Group 2: Future Applications - The partnership will explore the application of embodied intelligence in various scenarios, including education, research, companionship, and lightweight commercial services [1] - The goal is to simplify, enhance efficiency, and yield better results in the creation process of intelligent robots [1]

Core Viewpoint - The article discusses the performance of the Zhongzheng 1000 ETF Enhanced (561280), highlighting its opening price and the performance of its major holdings since its inception on August 31, 2023, which has yielded a return of 57.53% [1]. Group 1: ETF Performance - The Zhongzheng 1000 ETF Enhanced (561280) opened at 1.578 yuan, experiencing a decline of 0.19% [1]. - Since its establishment on August 31, 2023, the fund has achieved a return of 57.53% [1]. - The fund's performance over the past month has been a return of 6.26% [1]. Group 2: Major Holdings - Major stocks in the fund include: - Boqian New Materials, which opened with an increase of 0.68% [1]. - Haoyuan Pharmaceutical, which rose by 0.78% [1]. - Yingjixin, which increased by 0.56% [1]. - Caixun Co., which saw a slight increase of 0.08% [1]. - Jinma Leisure, which rose by 0.41% [1]. - Panjiang Co., which remained unchanged [1]. - Jindawei, which decreased by 0.10% [1]. - Yiyuan Communication, which increased by 0.43% [1]. - Minxin Co., which remained unchanged [1]. - Nami Technology, which rose by 0.34% [1]. [1]

证券代码：603236 证券简称：移远通信 公告编号：2026-001 上海移远通信技术股份有限公司 关于办公地址变更的公告 除上述变更外，公司注册地址、公司网址、电子信箱、电话、传真等其他联 系方式均保持不变。 二、本次变更后，公司办公地址及联系方式如下： 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海移远通信技术股份有限公司（以下简称"公司"）因经营发展需要，已 于近日搬迁至新地址办公，现将具体变更内容公告如下： 一、变更具体情况 | 变更项目 | 变更前 | 变更后 | | --- | --- | --- | | 办公地址 | 上海市闵行区田林路1016号科 | 上海市松江区泗泾镇外婆泾路8 | | | 技绿洲3期（B区）5号楼 | 号（横港路288弄1-5号） | | 邮政编码 | 200233 | 201601 | 上海移远通信技术股份有限公司董事会 2026 年 1 月 6 日 办公地址：上海市松江区泗泾镇外婆泾路 8 号（横港路 288 弄 1-5 号） 邮政编码：201601 投资者联系电话：021-51 ...

Core Viewpoint - The launch of the AR588MA 5G-A module by the company marks a significant advancement in automotive communication technology, addressing the demands for ultra-high bandwidth, ultra-low latency, and extreme reliability in next-generation smart vehicles [1][3]. Group 1: Technical Specifications - The AR588MA module is built on MediaTek's first 5G-A platform, featuring a modem performance that leads the industry, with a quad-core Cortex-A55 CPU clocked at 2.3GHz, supporting a downlink speed of up to 9.0 Gbps and an uplink speed exceeding 2.5 Gbps [3]. - It supports 400 MHz bandwidth and NR 5CC, along with DSDA (Dual SIM Dual Active) functionality, enhancing data transmission efficiency and stability [3]. - The module integrates satellite communication capabilities and adaptive network signal compensation algorithms, significantly improving network performance even in weak signal areas [5]. Group 2: AI Integration and User Experience - The AR588MA module incorporates AI technology for deep integration with vehicle communication, enabling a shift from "passive connection" to "active adaptation," which enhances network speed and connection stability [7]. - It features an intelligent scene recognition system and an AI network optimization engine, processing multi-dimensional data such as vehicle location and road conditions to optimize network performance [7]. Group 3: Reliability and Safety Standards - The AR588MA adheres to automotive-grade design standards, meeting AEC-Q100 Grade 2 for reliability in extreme conditions and ISO 21434 for automotive cybersecurity [8]. - It supports secure boot and hardware isolation technologies, ensuring stable connections and enhanced security for vehicle communication [8]. Group 4: Functional Features - The module supports eCall/NG-eCall emergency call systems, automatically transmitting critical data to emergency centers in the event of a collision [10]. - It includes GNSS positioning capabilities with dual-frequency support (L1+L5), providing high-frequency output for accurate navigation and path planning [10]. - The AR588MA is designed for compatibility with existing hardware and software, facilitating a smooth transition from traditional 5G to 5G-A, thus reducing development costs and time to market [10].

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Insights - The company is a global leader in IoT solutions, focusing on wireless communication modules and solutions, and is well-positioned to benefit from the growth in AI and 5G technologies [6][14] - The global IoT connection numbers are expected to grow significantly, with projections of reaching 2.97 billion connections by 2027, indicating a vast market potential [6][46] - The company has shown strong revenue growth, with a projected increase in EPS to 3.78 and 4.84 yuan for 2025 and 2026, respectively, reflecting a robust business model [6][28] Summary by Sections 1. Technology and Market Position - The company has established itself as a key player in the IoT ecosystem, providing comprehensive solutions that include wireless communication modules, antennas, and IoT software platforms [14][18] - The company has a strong focus on R&D, with multiple research centers globally, enhancing its capability to innovate and meet diverse market needs [15][18] 2. Market Growth and Demand - The demand for IoT modules is driven by the increasing number of connected devices and the integration of AI applications, with a forecasted compound annual growth rate (CAGR) of 19.4% for the global IoT market from 2022 to 2027 [46][50] - The company is well-positioned to capitalize on the growth of AIoT and edge computing, which are expected to drive significant demand for AI-enabled hardware [62][66] 3. Financial Performance - The company's revenue is projected to grow from 112.62 billion yuan in 2021 to 185.94 billion yuan by 2024, with a CAGR of 18.19% [28][30] - In the first three quarters of 2025, the company reported a revenue of 178.77 billion yuan, a year-on-year increase of 34.96%, and a net profit of 7.33 billion yuan, up 105.65% [28][30] 4. R&D and Innovation - The company has consistently increased its R&D expenditure, reaching 13.94 billion yuan in the first three quarters of 2025, which represents 7.80% of its revenue [34][35] - The number of R&D personnel has also grown significantly, indicating a strong commitment to innovation and product development [34][35] 5. Competitive Landscape - The company maintains a leading position in the global IoT module market, with significant market share in both domestic and international markets [59] - Competitors include China Mobile and SIMCom, but the company continues to outperform in terms of innovation and market presence [59]