HK Stock Market Move | Fibocom Wireless Inc. (00638) fell more than 8% on its first day of trading, the company is a leading enterprise in the wireless communication module industry.

Fibocom Wireless Inc. (00638) debuted on the market today, opening flat in the morning session before shaking and falling, with the decline expanding by more than 8%. As of the time of writing, it has fallen by 8.65%, to 19.64 Hong Kong dollars, with a trading volume of 396 million Hong Kong dollars. Public information shows that Fibocom Wireless Inc. is a leading company in the wireless communication module field in the A-share market. The company's module products and solutions cover a wide range of application scenarios, mainly including automotive electronics, smart homes, consumer electronics, and smart retail. In the first half of 2025, the company achieved an operating income of 3.707 billion yuan, a year-on-year decrease of 9.02%, a net profit attributable to the parent of 218 million yuan, a year-on-year decrease of 34.66%, and a non-net operating profit attributable to the parent of 202 million yuan, a year-on-year decrease of 36.06%. Excluding the impact of the Ruilong Wireless Vehicle business, the company's operating income increased by 23.49% year-on-year, and net profit attributable to the parent increased by 6.54% year-on-year. Haitong Int'l previously pointed out that the company's AI edge layout has entered industrialization. the company has independently developed and released the Fibocom AIStack technology platform, which supports efficient inference of mainstream models on different chip platforms, and has launched a variety of solutions in categories such as cameras, toys, Trackers, and MiFi. At the same time, the Siasun Robot&Automation mowing solution has achieved mass production and shipment, and the newly launched RTK vision fusion positioning solution has reached cooperation with leading manufacturers in the field of Siasun Robot&Automation. This year, the company plans to be listed in Hong Kong, and the funds raised will continue to be invested in AI modules and Siasun Robot&Automation, further accelerating industrial deployment.