Quectel Stocks Eligible for Trading under Shanghai-HK Stock Connect

Quectel was listed on the Main Board of the SSE on July 16th, 2019, which is the largest stock exchange in China by market capitalization. On December 16th, 2019, the company was selected as a constituent of the SSE 380 Index, which consists of 380 stocks with high growth rates and good profitability that aim to comprehensively reflect the performance of the new Shanghai blue chips. Quectel was listed on the Main Board of the SSE onJuly 16th, 2019, which is the largest stock exchange in...

Quectel was listed on the Main Board of the SSE on July 16th, 2019, which is the largest stock exchange in China by market capitalization. On December 16th, 2019, the company was selected as a constituent of the SSE 380 Index, which consists of 380 stocks with high growth rates and good profitability that aim to comprehensively reflect the performance of the new Shanghai blue chips.

As the industry's largest IoT module vendor, Quectel has witnessed rapid growth over the years through continuous innovations, an unrivaled portfolio, global presence and excellent support services. In the first three quarters of 2019, the company reported an operating income of 2.85 billion yuan (USD 406.62 million), up 53.32 percent on a yearly basis.

Quectel's stock closed at 244.41 yuan(USD 34.81) per share on February 21st, 2020, up 456% since its listing, amounting now to a total market cap of 21.80 billion yuan, or USD 3.10 billion.

The company is bullish on its future growth and has recently announced the opening of new R&D centers in Hefei / China and Belgrade / Europe. Quectel Wireless Solutions has become the global innovation leader, being the first to launch IoT products for 5G, Low-Power-Wide-Area (connecting sensors in the Internet-of-Things) and C-V2X technology, which is the communication base for autonomous driving.

"We are committed to creating a better world through IoT and I am proud to see this strong endorsement for Quectel. We shall remain focused in delivering the best products and support to our customers." said Patrick Qian, CEO and Chairman of Quectel.

About Quectel

Quectel Wireless Solutions is the leading global supplier of IoT modules, with a broad product portfolio covering the most recent wireless technologies of 5G, LTE/LTE-A, NB-IoT/LTE-M, UMTS/HSPA(+), GSM/GPRS and GNSS. Quectel products have been widely applied in IoT/M2M fields including smart payment, telematics and transport, smart energy, smart cities, security, wireless gateways, industry, healthcare, agriculture, and environment monitoring. For more information, visit Quectel's website, LinkedIn, Facebook and Twitter pages, or email us via [email protected].

Media Contact:
Ashley Liu
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