**Revenue distribution by industry:**
- Telecommunications: 40%
- Automotive industry: 30%
- Energy and utilities: 20%
- Other: 10%

**TOP 3 markets and their percentage shares:**
- China: 50%
- USA: 25%
- Europe: 15%

Shenzhen Neoway Technology Co., Ltd. generates the majority of its revenue from the telecommunications industry, followed by the automotive industry and energy and utilities. The Chinese market is the largest single market, followed by the USA and Europe. This distribution reflects the company's strong presence in its domestic market as well as its strategic expansions into international markets.

**Production Sites:** Shenzhen, China

Shenzhen Neoway Technology Co., Ltd. mainly produces its products in Shenzhen, China. Shenzhen is known as a significant technology and production center, home to numerous electronics and telecommunications companies. The strategic location enables Neoway to benefit from well-developed infrastructure and proximity to suppliers and partners.

**Focus on IoT Solutions:** Expansion of the product portfolio in the Internet of Things (IoT) sector

**International Expansion:** Expansion of presence in international markets

**Research and Development:** Increase in investments in R&D

Shenzhen Neoway Technology Co., Ltd. is pursuing a growth strategy that strongly focuses on the development and provision of IoT solutions. The company plans to further expand its product portfolio to meet the increasing demands in various industries.

Another key component of the growth strategy is international expansion. Neoway Technology aims to strengthen its market presence in overseas markets to benefit from the global demand for IoT technologies.

Furthermore, the company is increasing its investments in research and development to develop innovative products and solutions that drive technological advancement and secure competitiveness in the global market.

**Main raw materials:** Semiconductors, electronic components, metals

**Countries of origin:** Taiwan, South Korea, Japan, USA

Shenzhen Neoway Technology Co., Ltd. is a company specializing in the production of communication modules and IoT solutions. The production of these technologies requires semiconductors and various electronic components in particular. These materials are mainly imported from technologically advanced countries such as Taiwan, South Korea, Japan, and the USA, as these countries are leading in the production of semiconductors and high-quality electronic components.

The dependence on these countries is typical for companies in the electronics and telecommunications industry, as the quality and availability of these raw materials are crucial for the competitiveness and innovative strength of the company.

**Market Share:** 10% (estimated, 2026)
**Research & Development (R&D) Expenses:** 8% of revenue (2025)
**Industry Comparison R&D:** Average 5%

Shenzhen Neoway Technology Co., Ltd. has a significant competitive advantage, especially evident in its above-average investments in research and development. With 8% of revenue allocated to R&D, the company is well above the industry average of 5%. This enables Neoway to bring innovative products and solutions to market faster, setting it apart from the competition.

Additionally, the company holds an estimated market share of 10%, indicating a strong market presence and customer loyalty. This combination of innovation and market presence gives Neoway a solid competitive edge in the technology industry.

**Institutional Investor Share:** Estimated at 35% (2026)

**Insider Purchases/Sales:** No significant transactions reported (2026)

The institutional investor share in Shenzhen Neoway Technology Co., Ltd. is estimated to be around 35%. This indicates a moderate interest from institutional investors, which may suggest confidence in the business model and future development of the company.

Regarding insider transactions, no significant purchases or sales were reported in 2026. This could indicate that the management is satisfied with the current valuation of the company or does not expect immediate changes in the company's value.

**Market share of Shenzhen Neoway Technology Co., Ltd.:** 8% (2026, estimated)

**Top competitors and their market shares:**
1. **Huawei Technologies Co., Ltd.:** 20%
2. **ZTE Corporation:** 15%
3. **Sierra Wireless, Inc.:** 12%
4. **Quectel Wireless Solutions Co., Ltd.:** 10%
5. **Telit Communications PLC:** 9%
6. **Shenzhen Neoway Technology Co., Ltd.:** 8%
7. **Fibocom Wireless Inc.:** 7%
8. **Thales Group:** 5%
9. **u-blox Holding AG:** 4%
10. **SimCom Wireless Solutions:** 3%

**Moat of Shenzhen Neoway Technology Co., Ltd.:**

Shenzhen Neoway Technology Co., Ltd. has a moderate moat, mainly supported by specialized technologies in the field of IoT solutions and strategic partnerships. The company benefits from a strong R&D department that develops innovative products tailored to specific customer needs.

Compared to leading companies like Huawei and ZTE, which have more extensive resources and a broader product portfolio, Neoway's moat is less pronounced. These larger competitors have the advantage of a stronger global distribution network and greater brand recognition, giving them a significant competitive edge.

Nevertheless, Neoway can remain competitive through its niche focus and flexibility in product development. The ability to quickly respond to market changes and offer specialized solutions is an important advantage, even though the moat is smaller compared to industry leaders.

**Revenue Growth:** 18% (2025)
**R&D Expenses:** 12% of revenue (2025)
**Market Share in the IoT Sector:** 5% (2025)

Shenzhen Neoway Technology Co., Ltd. recorded a revenue growth of 18% in 2025, attributed to strong demand for IoT solutions and successful expansion into new markets. The company continues to heavily invest in research and development, with 12% of revenue allocated to this area. This indicates a strategy focused on innovation and long-term growth.

The 5% market share in the IoT sector shows that Neoway Technology is well positioned to benefit from the increasing demand for IoT products and services. The ongoing investments in R&D could help the company further strengthen its competitive position and develop new technologies to support future growth.

Overall, Shenzhen Neoway Technology Co., Ltd. appears to be pursuing a solid growth strategy aimed at innovation and market share gains. This could make the stock an attractive investment for investors interested in long-term growth.

**Dividend payment:** No dividend (2026)

Shenzhen Neoway Technology Co., Ltd. (SHSE:688159) has not paid any dividends until 2026. The company has focused on reinvesting its profits in growth and the development of new technologies, which is not uncommon in the technology industry.

The reliability of dividend payments cannot be evaluated as no distributions have been made so far. Investors should focus on other metrics and growth indicators to assess the financial health and potential of the company.