QUECTEL Co., Ltd
(Industry Category: TMT)
上QUECTEL Co., Ltd. is a professional developer of Internet of Things (IoT) technologies. QUECTEL provides wireless communication solutions for customers, which are mainly used in wireless payment, vehicle transportation, intelligent metering, intelligent city, intelligent security and wireless gateway. QUECTEL is located in Shanghai, serving more than 3,000 terminal clients, which are distributed in over 150 countries and regions. In 2016-2018, the income from the main business of QUECTEL maintained a rapid growth trend, with operating income of 573 million yuan, 1.66 billion yuan and 2.7 billion yuan respectively, with a compound annual growth rate of over 67%. In 2018, the company's IoT wireless communication module shipments ranked first in the world, and its sales volume ranked second in the world. On May 30, 2019, the company passed the examination of the CSRC.