What this means

The IEEE assigned the MA-M block 4048FD0 to BEIJING C&W ELECTRONICS(GROUP)CO.,LTD. Every network interface they manufacture under this block has a MAC address beginning with these digits, followed by a unique per-device identifier. If a device on your network shows a MAC starting 40:48:FD:0, it is BEIJING C&W ELECTRONICS(GROUP)CO.,LTD hardware.