Revenue distribution by industries:

• Automotive industry: 35%
• Telecommunication: 30%
• Industrial automation: 20%
• Other industries: 15%

TOP 3 markets and their percentage shares:

• China: 40%
• USA: 25%
• Europe: 20%

Quectel Wireless Solutions Co., Ltd. generates the majority of its revenue from the automotive industry, followed by the telecommunications sector. These sectors benefit greatly from increasing connectivity and the demand for IoT solutions.

Geographically, China is the largest market for Quectel, attributed to its strong local presence and demand for technological solutions. The USA and Europe follow as important markets that also play a significant role in the company's revenue mix.

Production Sites:

• China
• Vietnam

Quectel Wireless Solutions Co., Ltd. mainly produces its products in China, where most of its production facilities are located. In recent years, the company has also expanded its production capacities to Vietnam to benefit from cost advantages and the strategic location in Southeast Asia. This diversification of production sites helps the company to minimize risks and to respond more flexibly to global market demands.

Revenue Growth: 18.5% (2024)

Quectel Wireless Solutions Co., Ltd. pursues a strategy that is strongly focused on innovation and expansion into new markets. The company continuously invests in research and development to expand its product range in the field of IoT (Internet of Things).

Another focus is on geographical expansion, particularly in Europe and North America, to increase market share there. Quectel is also working on strengthening partnerships with leading technology companies to offer integrated solutions that meet the growing demands of Industry 4.0.

Additionally, the company is focusing on the development of 5G technologies to solidify its position as a leading provider of wireless modules. These strategic initiatives are intended to further promote revenue growth and enhance Quectel's competitiveness on a global scale.

Main raw materials: Semiconductors, metals (e.g. copper, aluminum), plastics

Main importing countries: Taiwan, South Korea, Japan, USA

Quectel Wireless Solutions Co., Ltd. is a leading provider of IoT modules and solutions. For the production of their modules, the company mainly imports semiconductors, which are essential for the production of communication modules. These semiconductors are mainly sourced from Taiwan and South Korea, as these countries are leading in semiconductor production.

In addition, Quectel imports metals such as copper and aluminum, which are needed for the production of circuit boards and casings. These metals could come from various countries, with the USA and Japan also potentially being important suppliers due to their advanced technology and production capacities.

Plastics used for casings and other components could come from various global sources, depending on specific requirements and cost considerations.

Market Share: 30% (2024, estimate)

Research & Development (R&D) Expenses: 12% of revenue (2024)

Quectel Wireless Solutions Co., Ltd. has established itself as a leading provider in the field of IoT modules. With an estimated market share of 30% in 2024, the company demonstrates a strong market presence. Quectel's competitive advantage lies in its ability to continuously invest in research and development, which accounted for 12% of revenue in 2024. These investments enable Quectel to develop innovative products and differentiate itself from the competition.

Additionally, Quectel benefits from a broad product portfolio and a global distribution structure, allowing the company to quickly respond to market changes and seize new business opportunities. Strong customer loyalty and the ability to offer customized solutions further enhance the competitive advantage.

Overall, Quectel positions itself as a company with a significant competitive edge, supported by technological innovation and a strategic market strategy.

Institutional Investor Share: 45% (estimated, 2025)
Insider Buys/Sells: No significant changes (2025)

The institutional investor share in Quectel Wireless Solutions Co., Ltd. is estimated to be around 45%. This indicates that a significant number of shares are held by institutional investors, suggesting a certain level of confidence in the company's long-term performance.

In 2025, there were no significant insider buys or sells, indicating that the management has confidence in the current company strategy and valuation. Such activities are often seen as indicators of management's assessment of the company's future development.

Market share of Quectel Wireless Solutions Co., Ltd.: 12% (2025, estimated)

Top competitors and their market shares:

1. Sierra Wireless: 15%
2. Telit Communications: 14%
3. Thales Group: 13%
4. Quectel Wireless Solutions Co., Ltd.: 12%
5. u-blox: 11%
6. Gemalto (part of Thales): 10%
7. SimCom Wireless Solutions: 9%
8. Fibocom Wireless: 8%
9. Neoway Technology: 5%
10. Cinterion (part of Thales): 3%

Moat of Quectel Wireless Solutions Co., Ltd.:

Quectel Wireless Solutions has a significant moat due to its strong focus on IoT solutions and a wide product range, ranging from modules for cellular, GNSS, Wi-Fi, and Bluetooth to software solutions. Their ability to offer customized solutions for various industries strengthens their market position.

Compared to competitors, Quectel has the advantage of a strong presence in Asia and a quick adaptability to new technologies. However, Sierra Wireless and Telit Communications also have strong moats, especially through their established networks and partnerships in North America and Europe.

The Thales Group, through its subsidiaries Gemalto and Cinterion, benefits from a deep integration into security-critical applications, which represents a different but equally significant moat.

Overall, Quectel has a competitive moat, but the competition is intense, and competitors also hold strong positions in various geographical and technological segments.

Revenue Growth: 18% (2024)
Net Income Growth: 15% (2024)
Market Share in the IoT Sector: 12% (2024)

Quectel Wireless Solutions Co., Ltd. recorded strong revenue growth of 18% in 2024, driven by increasing demand for IoT solutions and expansion into new markets. The company has expanded its product range and invested in research and development to offer innovative solutions.

Net income grew by 15%, indicating improved operational efficiency and cost control. Quectel has expanded its market share in the IoT sector to 12%, strengthening its position as a leading provider in this area.

The long-term growth prospects for Quectel are positive as the IoT market continues to expand and the company is well positioned to benefit from this trend. Investments in new technologies and strategic partnerships could further promote future growth.

Dividend payment: Yes, Quectel Wireless Solutions Co., Ltd. pays a dividend.
Dividend yield: 1.5% (2024)
Dividend history: Steady payout over the last 5 years.

Quectel Wireless Solutions Co., Ltd. has pursued a consistent dividend policy in recent years. The 1.5% dividend yield in 2024 indicates that the company maintains a moderate payout policy. The reliability of dividend payment is underscored by the continuous payout over the past five years.

The company has proven to be stable in the past, indicating a solid financial foundation and a sustainable business model. Analysts estimate that Quectel will continue to be able to pay dividends in the future, barring any significant market changes.