GRG Intelligent Technology Solution Co., Ltd. (Guangzhou): On July 7th, GRG Intelligent held a signing ceremony for its second round of financing at the Guangzhou Science City Industrial Park, focusing on advancing its “Smart Grand Transportation” strategy. Chen Jianliang, Secretary of the Party Committee and Chairman of GRG Banking, Li Yedong, General Manager of GRG Banking, Xie Yongsheng, Deputy General Manager of GRG Banking and Chairman of GRG Intelligent, as well as representatives from 12 investing parties attended the signing ceremony.
Xie Yongsheng Delivers Welcome Speech and Presents GRG Intelligent’s Strategic Development Report
At the meeting, Xie Yongsheng delivered a welcome speech and presented GRG Intelligent’s strategic development report. He emphasized the social responsibility and mission that GRG Intelligent should uphold, calling on investors and all GRG Intelligent colleagues to stand together through thick and thin and strive for common goals.
Investment Representatives Speak
Recently, GRG Intelligent successfully completed a financing round of RMB 220 million. At the meeting, representatives from 12 investing parties, including Guangzhou Industrial Investment Group, ABC International, City Development Fund, Guangzhou Financial Holding, Guangzhou Panyu Industrial Investment, Lingnan Commerce and Travel Group, Kejin Holding, Yintai Fund, Hongtu GRG, Zhonghong Public Utilities, Yuntian Holding, and Guangzhou Baocheng, signed the agreement. Two investors from ABC International and Yintai Fund expressed their confidence in the GRG Intelligent entrepreneurial team and their expectations for in-depth and friendly cooperation between the two parties.
GRG Intelligent Officially Signs Agreement with 12 Investment Representatives
Chen Jianliang, Chairman of GRG Banking, fully acknowledged GRG Intelligent’s impressive achievements and expressed his determination and confidence in pushing GRG Intelligent towards the capital market. He emphasized that in the “smart revolution” brought about by the data economy, GRG Intelligent, as a leading enterprise in the company’s urban intelligence sector, should embody corporate value and social responsibility, and encouraged GRG Intelligent to reward society, customers, partners, and investors with excellent performance.
Chen Jianliang Delivers Speech
It is understood that the financing will be used to implement the “Smart Grand Transportation” strategy, focusing on advancing the research and development of new products and forward-looking technologies in the transportation field, project operation, and the introduction of high-end talent, among other tasks. This will help GRG Intelligent become the world’s most powerful provider of AI-based mobility system solutions.
Adhering to Technological Innovation and Riding the Wave of Development
Established in 2016, GRG Intelligent is a state-owned technology-based high-tech enterprise that is market-oriented, staffed by scientific and technical personnel, and operates based on core independent intellectual property rights. It is also a national “specialized, refined, characteristic, and new” small and medium-sized enterprise (“little giant”) and one of the first batch of artificial intelligence enterprises in Guangzhou to be included in the government’s database.
Currently, GRG Intelligent’s products cover more than 10 countries, over 40 cities in China, and more than 100 lines. The company has participated in major engineering projects such as the country’s first smart subway station, the first project to issue electronic invoices for all types of urban rail transit tickets, the first internet cloud ticketing platform, and the first palm-scanning payment for gate access.
In the field of smart transportation, GRG Intelligent continues to broaden its industry scope, providing smart services for airport passengers, digital toll plazas for highways, and fully domestically produced intelligent traffic control solutions for urban roads. With advanced products and high-quality services, GRG Intelligent has gradually grown into a leading enterprise in the rail transit sector, earning unanimous praise from the industry.
Accelerating Mixed-Ownership Reform of State-Owned Enterprises to Stimulate Corporate Innovation Vitality
Since 2017, when the rail transit industry entered a window period for reform and development, the scale of smart rail transit business has grown explosively. Rail transit, which ranks third among the seven “new infrastructure” sectors, is an important “scene battlefield” for the application of key emerging technologies. GRG Intelligent has seized the opportunity to strive for high-quality development, continuously expand the market, and initiate mixed-ownership reform by introducing strategic investors and funds to further optimize its governance structure, increase investment in research and development and the market, and seek to rapidly enhance the company’s overall competitiveness.
In 2022, GRG Intelligent introduced strategic investors and implemented employee stock ownership through public listing, completing its first round of financing of RMB 94.18 million. The mixed-ownership reform of GRG Intelligent has provided strong endogenous power, innovation strength, and open vitality for the high-quality development of the company’s artificial intelligence strategy, achieving coordinated development between industry and capital. At the same time, it has strengthened the confidence in internal incubation and entrepreneurship within state-owned enterprises, verified the reform with practical results, and accumulated good experiences and practices for the mixed-ownership reform of state-owned enterprises.
With continuous innovation in technology and institutional mechanisms, its business has maintained sustained and steady growth. In 2022, GRG Intelligent achieved a good performance with a revenue of over RMB 500 million.
Injecting Capital Lifeblood to Forge Ahead in the Field of Smart Transportation
In the era of the digital economy, innovation is the only way to achieve high-quality development. Technological innovation is the “seed,” while institutional mechanism innovation is the “soil.” GRG Intelligent, independently incubated by GRG Banking, has inherited the genes of institutional mechanism innovation from Radio Group and GRG Banking.
The new round of capital injection will further deepen the mixed-ownership reform of GRG Intelligent, stimulate corporate innovation vitality and development momentum, and provide strong capital support for GRG Intelligent to continuously consolidate and enhance its market position in smart ticketing, smart customer service, smart ticket inspection, smart flight information display, smart security check, smart highways, digital intersections, and other transportation scenarios. It will also expand new fields, technologies, and applications in transportation, strengthen “AI + transportation,” and promote the integration of service ecosystems.
Currently, the wave of the digital economy is in full swing, and the digital economy is deeply integrated into various fields of the economy and society, becoming an important engine for modern economic development. GRG Intelligent will firmly grasp the historical opportunity of digital economy development, delve deeply into the field of smart transportation, strive to fulfill the national vision for “safe, low-carbon, smooth, inclusive, and pleasant” transportation development, accelerate the implementation of “AI + transportation” solutions, and bring a smarter and more convenient travel experience to passengers.
