厦门睿云联申请香港上市！北美及欧洲最大智能对讲解决方案提供商

Core Viewpoint - Xiamen Ruiyun Lian Innovation Technology Co., Ltd. (referred to as "Ruiyun Lian") has submitted an application for an initial public offering (IPO) to list its H-shares on the Hong Kong Stock Exchange, with StarNet RuiJie (002396) holding a 37.91% stake in the company [1][3]. Company Overview - Ruiyun Lian is a leading global provider of smart intercom solutions, focusing on AI-driven products that cover multiple scenarios, including smart intercoms, access control systems, smart home devices, and cloud services [3]. - The company targets the global mid-to-high-end market and specializes in four key areas: residential, elderly care, commercial office, and community management [3]. Market Position - Ruiyun Lian is the largest provider of smart intercom solutions in North America and Europe by shipment volume as of 2024, according to Frost & Sullivan [5]. - As of September 30, 2025, Ruiyun Lian's cumulative sales of smart community solutions are close to 2 million units, and its cloud services cover over 530,000 households, ranking second globally in household coverage [5]. Financial Performance - For the nine months ending September 30 in 2023, 2024, and 2025, the company's revenues were approximately 274 million, 347 million, and 278 million RMB, respectively [7]. - The net profits for the same periods were approximately 38.18 million, 53.44 million, and 44.57 million RMB, respectively [7].