Development of the Leading Chinese IoT Module Supplier: Neoway Technology (pre-order)

Founded in 2006, Neoway Technology is one of leading Chinese wireless communication module suppliers for IoT (Internet of Things) applications with products covering from IoT wireless communication modules to in-vehicle diagnostics systems. For years, its wireless communication modules have dominated China and smart grid bidding market. The company also works with European and US telecom operators as well as car part suppliers on in-vehicle diagnostics systems. While badly hit by the COVID-19 in 2020, Neoway expects next leg of growth on replacement demand for three major energy meters in China and the continued growth of V2X (Vehicle to Everything) products overseas.

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Table of Contents

1.Neoway TechnologyWireless Communication Module Shipments

1.1 Neoway Holds 4th Position in Wireless Communication Module Shipments in China

2.Key Products and Financial Conditions

2.1 Company History

2.1.1 Phase 1 (2006-2009): Develops technology

2.1.2 Phase 2 (2009 - 2015): Lays a Solid Foundation for its Leading Position in ChinaSmart Grid Market

2.1.3 Phase 3 (2016 - now): Extends to V2X and IIoT and to Pursue Product Diversification and Growth in Overseas Market

2.2 Key Products and Customers

2.3 Shareholders and Management

2.4 Financial Conditions

2.4.1 Revenue and Net Profit Growth Slows Down in 2020 for the First Time

2.4.2 Gross Profit Margin at 14.7%

2.4.3 Ramping Up Spending in Preparation for 5G

3.Future Product Development Strategy

3.1 Continuing to Develop the Smart Energy Market with its Leading Position

3.1.1 Smart Grid

3.1.2 Increased Adoption of NB-IoT in the Smart Water Meter and Smart Gas Meter Markets

3.2 Focusing on V2X Terminals as a New Growth Driver

4.MIC Perspective

Margin

Appendix

List of Companies

List of Tables

Table 1. Comparison of ChinaTop 5 Wireless Module Suppliers

Table 2. NeowayMilestones

Table 3. NeowayTop Five Customers

List of Figures

Figure 1. NeowayMajor Module Products

Figure 2. NeowayRevenue, Gross Profit Margin, and Net Profit Margin, 2016 - 2021

Figure 3. Neoway Water Utilization Solutions

Figure 4 Application of NeowayV2X Products

Figure 5. NeowayV2X Solutions

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List of Topics

Development of Neoway Technology, touching on its shipment and revenue performance as well as financial conditions for the period 2016-2021

Development of Neoway major module products and includes its top five customers with sales value included

Future product development strategies in the areas of smart grid, smart water meter, and smart gas meter

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