Group 1 - The core point of the article is that Ruijie Networks (SZ 301165) announced an investor survey scheduled for August 21, 2025, where the company's board secretary will participate and address investor inquiries [1] - For the year 2024, Ruijie Networks' revenue composition is entirely from the ICT industry, accounting for 100.0% [1] Group 2 - The A-share market has seen trading volumes exceed 2 trillion yuan for eight consecutive days, indicating strong market activity [1] - Major industry players are actively recruiting for the autumn season, with 25 job positions available, highlighting a demand for talent in the sector [1]

Core Viewpoint - The company reported strong financial performance for the six months ending June 30, 2025, with significant growth in revenue and net profit, driven by its strategic focus on the ICT sector and international expansion, particularly in Southeast Asia [1][2][5] Group 1: Financial Performance - The company achieved a revenue of HKD 45.5 billion, representing a year-on-year increase of 13.6% [1] - The net profit after tax was approximately HKD 610 million, reflecting a year-on-year growth of 34.7% [1] - The return on equity (ROE) stood at 13.7% [1] Group 2: Regional Performance - North Asia contributed approximately HKD 28.8 billion to revenue, accounting for 63% of total revenue, while Southeast Asia contributed about HKD 16.7 billion, making up 37% [1] - Southeast Asia emerged as a key growth area, with a revenue increase of 22.5% during the reporting period [2] - Notable revenue growth in Southeast Asia included 50% for Thailand, 45% for the Philippines, 31% for Malaysia, and 30% for Indonesia [2] Group 3: Strategic Partnerships and Market Expansion - The company significantly boosted its Apple business in Southeast Asia, achieving a remarkable growth rate of 104% [2] - The company supported numerous Chinese enterprises in expanding overseas, with domestic brand revenue in Southeast Asia increasing by 35% [3] - Huawei's business saw a substantial growth of 46%, with Indonesia and the Philippines experiencing increases of 194% and 171%, respectively [3] Group 4: Cloud Business Growth - The cloud computing segment experienced a robust growth of 67.9%, with Alibaba Cloud growing by 156% and Amazon Cloud by 293% [4] - The company became the exclusive distributor for VMware in May 2024, leading to a 295% increase in related revenue [4] - The subsidiary, Jiajie Cloud Star, reported a 63% increase in revenue, providing customized solutions in multi-cloud management and AI computing [4] Group 5: Domestic Market Development - Revenue in the China region grew by 8.9%, with a focus on localizing business operations [5] - The company established stable partnerships with domestic manufacturers, achieving over 70% market share for domestic brands [5] - The domestic business in computing power saw a 26% increase, supported by collaboration with Huawei [5] Group 6: Future Outlook - The company plans to continue its innovation-driven approach and explore new business models, including partnerships with third-party service providers [6] - There is an intention to expand into the field of embodied intelligence [7] - The company aims for sustainable development and value creation for shareholders and society [7]

Summary of Conference Call Company and Industry Overview - The company is a leading technology firm focused on ICT solutions in the Asia-Pacific region, with a significant presence in Southeast Asia, including countries like China, Thailand, Singapore, Indonesia, the Philippines, Malaysia, Cambodia, Myanmar, and Laos [1][2][3] - The company has achieved an average revenue growth rate of 24% since its inception, with a gross profit margin exceeding 10% as of December 31, 2024 [1] Key Financial Metrics - Total asset ratio stands at 0.14 - Inventory days: 48 - Accounts receivable days: 72 - Accounts payable days: 68 - Operating turnover days: 52 [2] Revenue and Growth Highlights - AI business revenue is projected to reach approximately HKD 3.78 billion in 2024, reflecting a year-on-year growth of 42% [2] - Southeast Asian market performance has seen a year-on-year growth of 74% [2] - The company has experienced a fivefold increase in profitability over the past decade [2] - Revenue from domestic brands in Southeast Asia is expected to reach HKD 6.8 billion in 2024, a 14% increase year-on-year [2] AI and Cloud Services Development - The company is actively expanding its capabilities in AI and cloud services, aiming to integrate self-developed products with those of upstream and downstream partners to create comprehensive solutions [3][4] - The company has established a robust AI ecosystem, covering everything from computing resources to AI application deployment across various industries [4] - Plans to launch a new AI model management system, DeepSake, to enhance operational capabilities across over 30 AI computing centers [5][6] Strategic Partnerships and Collaborations - The company collaborates with major players like Huawei, VMware, and AWS to enhance its service offerings [8][12][13] - It has become the exclusive distributor for VMware in China and Southeast Asia, contributing to significant revenue growth [11] - The company is also focusing on expanding its presence in the Southeast Asian market, having gained control in the Philippines, which added approximately HKD 3 billion to its revenue [17] Future Outlook and Goals - The company anticipates an average growth rate of 20% over the next three years, driven by ongoing investments in AI and cloud services [21] - Plans to increase R&D investment in AI by 50% in 2025, with expectations of generating an additional HKD 100 million to HKD 300 million in revenue from AI-related products [14] - The company aims to maintain a stable dividend payout ratio of around 35%, balancing growth and shareholder returns [19] Additional Insights - The company has successfully integrated multiple computing centers into a cohesive service network, enhancing operational efficiency [7] - There is a growing demand for AI solutions among clients, with many transitioning from traditional computing to AI-driven applications [15][16] - The company is also targeting small and medium enterprises with lightweight cloud management platforms to capture a broader market share [10] Conclusion - The company is well-positioned for future growth in the ICT sector, particularly in AI and cloud services, with a strong focus on strategic partnerships and market expansion in Southeast Asia. The management remains optimistic about achieving sustained profitability and growth in the coming years [20][24]