Recently, Shenzhen-based RFID (radio frequency identification) chip and module solution provider Guoxin IoT announced the completion of a new round of financing, with a financing amount of tens of millions of yuan. This round of financing was directly invested by Shenzhen Futian Capital Operation Group and will be mainly used for the research and development of RFID mobile chips, further consolidating Guoxin IoT's upstream position in the RFID field, and promoting the company to expand its product line and enhance the competitiveness and share of domestic chips in the global market.
Guoxin IoT was established in 2015 and is a national high-tech enterprise that focuses on chip research and development, module development and reader-writer equipment supply. As the only company in China with RFID UHF dual-chip R&D capabilities, Guoxin IoT ranks among the top three in the global UHF module market, and its RFID reader-writer chips have been widely used in retail consumption, express logistics, corporate fixed asset management and other fields.
The success of this financing marks that Guoxin IoT's innovative R&D results in the RFID field have been recognized by the market. Wang Zhucheng, general manager of Guoxin IoT, said that this round of financing will further help the company consolidate its leading position in the RFID field, promote the company to expand its product line, and design and develop RFID industrial readers and handheld devices suitable for various scenarios. At the same time, Guoxin IoT will also invest in special R&D teams and resources to focus on the research and development of RFID chips for smartphones, making smartphones an important entrance and controller for the Internet of Things, promoting the interconnection of IoT devices, and further promoting the widespread application of IoT technology in homes, communities, cities and other fields.
Why can it obtain direct investment from government investment funds?
While Guoxin IoT has achieved remarkable results in innovation and research and development, it has also achieved steady development and obtained good revenue, and has a strong "self-generating" function. This is also one of the important reasons why Shenzhen Futian Capital Operation Group chose to invest in Guoxin IoT. Li Guannan, investment director of Futian Capital Operation Group, said that government investment funds should play a cross-cycle and counter-cyclical regulatory role, focusing on "investing early, investing in small, investing in the long term, and investing in hard technology." As a district-level government-guided fund, they will help enterprises connect with more market-oriented investment institutions through government guidance and market operation, expand their business channels, and promote the development of high-quality innovative enterprises.
In addition, as the government investment fund ushered in the top-level design, the General Office of the State Council recently issued the "Guiding Opinions on Promoting the High-quality Development of Government Investment Funds", aiming to build a more scientific and efficient government investment fund management system. This also provides a more favorable policy environment for the development of high-quality innovative enterprises such as Guoxin IoT.
It is worth mentioning that in the 2022 IoT Star Annual Selection, Guoxin IoT won the "Top 50 Investment Value of China's IoT Enterprises" and "Innovation Product Award" awards. This honor is not only a high recognition of Guoxin IoT's technological innovation and market performance in the RFID field, but also reflects its important position and influence in the IoT industry.
In the future, Guoxin IoT will continue to uphold the entrepreneurial spirit of innovation, pragmatism and efficiency, continuously improve its independent research and development capabilities, and promote the application and development of RFID technology in more fields. At the same time, the company will also actively connect with market-oriented investment institutions, expand business channels, and make unremitting efforts to become the world's leading supplier of IoT RFID chips and module solutions.
This paper is from Ulink Media, Shenzhen, China, the organizer of IOTE EXPO (IoT Expo in China)
