Ruinen Technology plans to use up to 20 million yuan of its own funds to participate as an industrial strategic investor in the strategic placement of Zhejiang Xinsheng Technology's listing on the Beijing Stock Exchange. The company stated that this move is based on the long-term stable strategic partnership between the two parties, aiming to deepen supply chain strategic cooperation, promote product and technological innovation, and explore diversified business expansion. In the first quarter of 2026, Ruinen Technology achieved revenue of 695 million yuan and net profit attributable to the parent company of 34.51 million yuan.
Fujian Raynen Tech Co LtdRuinen Technology plans to invest up to 20 million yuan in Xinsheng Technology's strategic placement, deepening supply chain cooperation.
Xinsheng Technology receives strategic placement investment from Ruinen Technology, strengthening partnership and capital base.