1.Neoway Technology’s Wireless 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 China’s Smart 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 

 

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

Development of Neoway’s 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

Figure 1. Neoway’s Major Module Products 
Figure 2. Neoway’s Revenue, Gross Profit Margin, and Net Profit Margin, 2016 - 2021 
Figure 3. Neoway’s Water Utilization Solutions 
Figure 4 Application of Neoway’s V2X Products
Figure 5. Neoway’s V2X Solutions 

Table 1. Comparison of China’s Top 5 Wireless Module Suppliers
Table 2. Neoway’s Milestones 
Table 3. Neoway’s Top Five Customers