CHINA MOBILE(600941) 长江商报·2025-05-26 19:09Core Viewpoint - Runjian Co., Ltd. has secured significant contracts in the telecommunications sector, enhancing its market position and revenue potential through strategic projects and technological advancements [1][2][3] Group 1: Contract Wins - On May 25, Runjian Co., Ltd. was announced as a candidate for a major contract with China Mobile Guangdong for construction services, valued at 374 million yuan (approximately 54 million USD) for the 2025-2026 period [1] - The company also won a total of 1.033 billion yuan (approximately 146 million USD) in contracts for various projects, including a major procurement project covering 15 provinces [2] - Cumulatively, the company has secured contracts exceeding 1.3 billion yuan (approximately 184 million USD) across multiple projects, solidifying its role in the telecommunications network business [2] Group 2: Business Performance - The telecommunications network business is a cornerstone for Runjian Co., accounting for 49.7% of revenue in 2024 [2] - The company has achieved the highest market share in the China Mobile network maintenance service procurement project, leading in both the number of provinces and contract amounts [2] - Runjian's revenue from its computing infrastructure segment reached 529 million yuan (approximately 75 million USD) in 2024, marking a 71.7% year-on-year increase, contributing significantly to overall growth [2] Group 3: International Expansion - Runjian is accelerating its overseas expansion, with international revenue reaching 96.91 million yuan (approximately 14 million USD) in 2024, a 78.5% increase year-on-year [3] - The company is focusing on the ASEAN market, executing over 700 local projects and completing more than 20 data center or computing center projects in countries like the Philippines, Vietnam, and Indonesia [3] Group 4: Research and Development - In 2024, Runjian's R&D expenditure reached 333 million yuan (approximately 47 million USD), reflecting a 17.68% increase [3] - The company has established six major R&D bases and 15 R&D centers globally, with over 27% of its workforce dedicated to research and development [3] - Runjian holds more than 800 intellectual property rights, including patents and software copyrights, and has developed a generative AI industry model development platform for various sectors [3]