Rapid Innovations listed on the Hong Kong Stock Exchange, becoming the world's first listed network solutions company with a market capitalization exceeding 18.5 billion.

On March 23, 2026, the Hong Kong stock market welcomed another hard technology company listing – Shenzhen Rapid Innovation Technology Co., Ltd. (stock code: 03355.HK) was officially listed on the main board of the Hong Kong Stock Exchange, successfully winning the title of "the world's first network solutions stock". On the first day of listing, its market value exceeded HK$18.5 billion, which attracted widespread attention in the industry.

Rapid Innovation focuses on the R&D, design, and sales of core equipment and general accessories in the network communication field, providing global customers with a one-stop supply of communication equipment, general accessories, and system solutions. The company has developed over 80,000 SKUs of core equipment and general accessories, with main products including optical modules and high-speed cables, network equipment, fiber optic patch cords and pigtails, fiber optic distribution management products, optical transmission equipment, copper cabling products, testing instruments and tools, etc.

Financial data shows that Rapid Innovation possesses strong profitability resilience and growth potential. From 2022 to the first three quarters of 2025, the company's gross profit margin steadily increased from 45.41% to 52.55%, significantly higher than the industry average of 20%-40%, while the net profit margin remained stable above 18%. In the first three quarters of 2025, the company achieved operating revenue of RMB 2.175 billion, a year-on-year increase of 11.31%, and net profit of RMB 423 million, a significant year-on-year increase of 20.63%. This robust profitability is attributed to its closed-loop, end-to-end model of "DTC online direct sales + asset-light outsourcing production," and the continuous increase in the revenue share of high-performance products—as of the first three quarters of 2025, revenue from 10G and above high-performance network solutions had increased to 36.2%, becoming the core growth engine.

This IPO is not only a significant milestone for Rapid Innovation's own development but also brings new development opportunities to the network solutions industry. As the "first global network solutions stock," Rapid Innovation's successful listing fills a gap in this segment of the Hong Kong stock market, demonstrating the competitiveness of Chinese network infrastructure companies in the global market. With the continued explosive growth in global demand for AI computing power infrastructure and the deepening of digital transformation, Rapid Innovation is expected to leverage its DTC model, comprehensive product portfolio, and global footprint to continuously increase its market share, drive high-quality development in the industry, and deliver long-term value returns for investors.