At present, the customized products and solutions of Ruijie Network have been widely used in the information construction of government, operators, finance, education, medical care, Internet, energy, transportation, commerce, manufacturing and other industries. Ruijie Network has successively been shortlisted for centralized procurement of data center switches of China Mobile, China Telecom and China Unicom, becoming the core supplier of data center switches of Alibaba, Tencent, ByteDance and other large Internet enterprises. At the same time, Ruijie Network has established in-depth cooperation with leading customers in various industries, providing services to more than 1000 financial institutions, all the world's first-class universities and disciplines, 60% of China's top 100 hospitals, and more than 200 China's top 500 enterprises.
Raising funds for intensive innovation and strengthening the foundation for development
As an innovative enterprise, Ruijie Network always adheres to independent research and development and leads development with innovation. From 2019 to 2021, the R&D investment of Ruijie Network will continue to exceed 15% of the revenue. At present, 1201 patents have been obtained, including 1168 invention patents. The proportion of R&D personnel in the total number is up to 55.56%.
The prospectus shows that Ruijie Network raised a total of 2.208 billion yuan in this IPO, which will be used for the research and development and industrialization of new generation network communication series equipment, cloud management integration solution research and development and industrialization, data communication research and development technology platform, and to supplement liquidity. The raised funds will further consolidate the development foundation of Ruijie Network and enhance its core competitiveness.
The successful implementation of the raised capital investment project will help Ruijie Networks expand its business scale, improve its service level, enhance its R&D capability and enhance its competitive advantage. Guotai Jun'an Securities Research News said that the Ruijie financing project is an extension and supplement to the main business of Ruijie, which helps to strengthen the capacity of the research and development team, improve the service quality, enhance the core competitiveness, and strengthen the advantages in network equipment, network security, cloud desktop, etc.
It is favored by many securities companies and has broad prospects
Ruijie Network is highly praised by many securities companies with its strong strength and broad growth space. Minsheng Securities Research News pointed out that Ruijie Network independently raised funds relying on the Shenzhen Stock Exchange's GEM platform to promote business development and further enhance profitability and competitiveness. Huajin Securities Research News pointed out that Ruijie Network, as one of the leading network equipment providers in the industry, may benefit from the new infrastructure construction driven by China's "new infrastructure" strategy. The parent company of Ruijie Network, Star Network Communication, is in a leading position in many ICT product fields and markets. It is expected that the two companies will have better cooperation in technology and business.
Huang Yihao, chairman of Ruijie Network, said: "Ruijie Network will take the opportunity of going public to deepen independent innovation, constantly improve its core competitiveness, and forge ahead towards the goal of world-class industry leaders. In the new era, we will continue to work hard to return investors and society with excellent business performance.
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