New stock news | Rongxin Shulian delivered a submission to the Hong Kong Stock Exchange, ranking first in China's data-driven decision intelligence application industry.

According to the disclosure on June 17 by the Hong Kong Stock Exchange, Beijing Rongxin Shulian Technology Co., Ltd. (referred to as Rongxin Shulian) submitted an application to the Hong Kong Stock Exchange Main Board, with Honbo Capital as the sole sponsor. Company Profile The prospectus shows that Rongxin Shulian is a provider of decision intelligence solutions based in Beijing, China. The company is one of the first companies in China to establish a data intelligence graph based on ontology mapping technology, which significantly enhances the interpretability of data. The company is also one of the first companies to successfully apply this technology to complex decision intelligence scenarios for government and private enterprise clients and achieve commercialization. By revenue calculation, in 2025, the company ranked ninth in China's decision intelligence application industry with a market share of approximately 1.3%. The group ranks first in China's data intelligence-driven decision intelligence application industry, with a market share of approximately 10.5%. The company's decision intelligence solutions can analyze complex social and economic scenarios and support informed decision-making across different business scenarios. In addition, the company's data intelligence graph technology, combined with privacy-preserving computation technology, supports multi-party collaborative analysis while ensuring strict confidentiality of original data. In 2023, the company's data intelligence graph technology was approved by an expert committee chaired by a Chinese Academy of Engineering academician, reaching a leading domestic and international advanced level. Rongxin Shulian's decision intelligence solutions have been applied in various scenarios, including smart cities, financial and business services, communications and information security, industry and energy, transportation and logistics, as well as healthcare and education. Company clients mainly include private enterprises in the information technology industry, third-party system integrators, and state-owned enterprises and government entities primarily in the telecommunications and financial industries, such as the State Drug Administration, Ministry of Agriculture, Statistics Bureau, Ministry of Economy and Information Technology, Development and Reform Commission, and Justice Bureau. The company's business is specialized and requires regular procurement of goods and services to maintain business operations, mainly including technical support services such as algorithm training services, software and hardware, and data products. The group has been recognized as (including but not limited to) a national-level specialized and new "little giant" enterprise, a high-tech enterprise, and one of the top 100 Beijing specialized and new enterprises. The company has also obtained the highest CMMI maturity level five certification. As of the latest practicable date (April 30, 2026), the group has registered 65 invention patents, 1 design patent, and 142 software copyrights. Financial Information Revenue: In the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 280 million, 281 million, and 381 million respectively. Annual profit: In the fiscal years 2023, 2024, and 2025, the company's annual profits were approximately RMB 18 million, 30 million, and 38 million respectively. Gross profit: In the fiscal years 2023, 2024, and 2025, the company's gross profits were approximately RMB 109 million, 108 million, and 135 million respectively. Industry Overview From the perspective of the industry chain, the upstream of the decision intelligence application market is mainly composed of information technology infrastructure providers, who provide basic hardware, software, computing capabilities, and data resources to support the development and deployment of decision intelligence services. The middle part represents the core value creation layer of the market, consisting of decision intelligence service providers. The downstream covers application scenarios in the public and private sectors where decision intelligence solutions are deployed to support more efficient and wiser decisions. Overall, upstream information technology infrastructure providers provide basic enabling capabilities, and middle-tier service providers translate these capabilities into decision-oriented solutions, while downstream applications eventually realize market value through deployment. The increasing demand for decision-making highlights a more extensive shift in the digital development focus of governmental agencies and corporate customers. In this context, the demand for decision intelligence products and services continues to expand, driving the Chinese decision intelligence application market to reach approximately RMB 30.3 billion in 2025, with a compound annual growth rate of approximately 27.0% from 2021 to 2025. Looking ahead, with customers placing a stronger emphasis on decision quality, execution efficiency, and scenario-based deployment, the market is expected to reach around RMB 80.4 billion by 2030, with a compound annual growth rate of approximately 20.5% from 2026 to 2030. The Chinese data intelligence-driven decision intelligence application market is experiencing rapid growth, driven mainly by the increasing demand for more structured, interpretable, and execution-oriented decision support in complex scenarios. As governmental agencies and corporate customers increasingly operate in fragmented systems, multi-party processes, and dynamic operational environments, the demand is increasingly focused on solutions that organize data around real objects, capture relationship logic, and support more reliable judgment and action. This is particularly important in scenarios requiring stronger traceability, rule-based coordination, and closed-loop execution. In this context, the Chinese data intelligence-driven decision intelligence application market is expected to reach approximately RMB 3.6 billion in 2025, with a compound annual growth rate of around 30.2% from 2021 to 2025; and is projected to reach around RMB 11.3 billion by 2030, with a compound annual growth rate of approximately 24.6% from 2026 to 2030. By 2025, there are approximately 1,000 to 1,500 companies in China providing decision intelligence application solutions. The Chinese decision intelligence application market features a diversified range of application scenarios and a relatively dispersed competitive landscape, with the top five market participants holding a combined market share of around 12.8% in 2025. In the same year, the company ranked ninth in the Chinese decision intelligence application market with a market share of approximately 1.3%. Decision intelligence is not limited to a single vertical industry but is widely applied in areas such as urban governance, finance, marketing and operations, healthcare, public services, information security, and industry. Board of Directors Information The board of directors consists of seven directors, including four executive directors and three independent non-executive directors. The board of directors is responsible for and has the general power to manage and operate the business. Equity Structure As of the latest practicable date, Mr. Xiaobo directly holds approximately 22.81% of the company's shares, Rongfu Cheng holds 18.1209%, Xintai Tiancheng holds 4.4446%, and Dai Hanjunge holds 0.1594%, collectively accounting for about 45.5389% of the equity. Intermediary Team Sole sponsor: Honbo Capital Limited; Legal Advisor: Hong Kong law: Zhou Junxuan Law Firm (in association with Beijing Tongshang Law Firm); Chinese law and China cybersecurity and data privacy laws: Beijing Tongshang Law Firm; Legal advisor to the sole sponsor: Hong Kong law: Hsi Shiting Law Firm; Chinese law: Guangdong Huashang Law Firm; Auditors and Reporting Accountants: Ernst & Young; Compliance Advisor: Honbo Capital Limited; Industry Advisor: Frost & Sullivan (Beijing) Co., Ltd. Shanghai Branch. (Note: Some organization and company names have been transliterated from Chinese to English and may not be exact translations)