Rapid innovation landing on the Hong Kong Stock Exchange: the first global network solution stock!

Rapid Innovation's global offering of 40 million shares at a price of HKD 41.6 raised a total of HKD 1.664 billion, with a net fundraising amount of HKD 1.559 billion after deducting listing expenses. On the first day of listing, the company's stock price performed strongly, opening at HKD 56, up 34.6% from the issue price, and its market value once exceeded HKD 22 billion. China International Capital Corporation, CITIC Securities International, and China Merchants Securities International served as joint sponsors for this listing, while several well-known institutions such as HaoFund and WT Asset Management participated in cornerstone investments, demonstrating the high recognition of its development prospects by the capital market.

1、 Company Overview: Deeply cultivating network solutions, leading the world in DTC mode

Founded in 2009 and headquartered in Shenzhen, Rapid Innovation is a national level specialized and innovative "little giant" enterprise that focuses on providing one-stop network hardware, system software, and operation and maintenance management services for global enterprises. The core competitiveness of the company lies in the DTC (direct to customer) online operation model. Through the independently built FS.com platform, traditional distribution links are eliminated to achieve "manufacturer direct connection to customers", providing customers with cost-effective and scalable network solutions.

Rich product matrix: With over 120000 SKUs under its own brand, covering a full range of network products such as optical modules, high-speed cables, switches, fiber optic cables, and cabling management systems, it is the enterprise with the richest SKU among global online DTC providers.

Leading market position: According to Frost&Sullivan data, based on 2024 revenue, Rapid Innovation is the world's second-largest online DTC network solution provider, with a market share of 6.9%; Simultaneously ranked first in the global market for high-performance network solutions of 100G and above.

Global layout improvement: Our business covers more than 200 countries and regions worldwide, serving over 500000 customers, including about 60% of Fortune 500 companies. Our customers are spread across multiple industries such as information technology, finance, healthcare, education, and automotive.

Steady growth in performance: From 2022 to 2024 and in the first nine months of 2025, the company's revenue was 1.988 billion yuan, 2.213 billion yuan, 2.612 billion yuan, and 2.175 billion yuan, respectively, maintaining a sustained growth trend; In 2024, the net profit attributable to the parent company was 397 million yuan, with a gross profit margin exceeding 50%, demonstrating outstanding profitability.

2、 Core advantage: Dual wheel drive of technology and mode, empowering enterprise digital transformation

Strong technical research and development capabilities: The company continues to increase its R&D investment, focusing on the development of high-performance network devices, scalable network device operating systems, and cloud network management platforms, providing technical support for AI big models, data centers, enterprise networks, and other scenarios.

Refactoring the industry ecosystem through the DTC model: Integrating pre-sales consulting, solution design, one-stop procurement, and global delivery services through the FS.com platform, eliminating channel premiums, shortening delivery cycles, responding to customer needs in real time, and achieving rapid iteration of products and services.

Efficient and flexible operation of light assets: Adopting the "self-developed+OEM" model, we have cooperated with nearly 200 contract factories and set up 7 delivery centers in China, the United States, Germany, Japan and other places to achieve efficient global delivery.

Significant advantages in overseas markets: over 98% of revenue comes from overseas, with the United States being the largest market, accounting for 54.2% of revenue in the first nine months of 2025, demonstrating mature global operational capabilities.

3、 Fundraising purpose: Focus on technological upgrades and expand global markets

The funds raised from this listing will mainly be used to strengthen the research and development of digital technology platforms in the next five years, including enhancing product and solution development capabilities, promoting underlying system architecture upgrades, and developing new protocol functions; Simultaneously used for global delivery network construction, market expansion, and operational capital replenishment, further consolidating the company's leading position in the global network solution market.